New-York tribune., 1908-11-29


creation Of great dwelling house section 10 supply
the wants of the large number of families VINO 90
not care to live in apartment houses, VINO nave no
desire to out OF town and who are haPpiest
under the roof a two family house DulIt
o as 70 nrovide plentiful light air and perfect
sanitary surroundings
OUTLOOK ON WASHINGTON HEIGHTS.
The operations which have been perfected in the
real estate market in the last two weeks clearly
indicate that the Washington Heights district Is 10
be greatly enlarged with apartment houses and
that the activity there Will practically be repe
,i+ton IN smaller scale of what has happened
In the central West Side ever since apartment
houses there became attractive to the principal
investors Manhattan realty 1t looks as II the
Bronx must provide the needed district Tor pro
spective buyers of medium-price dwelling houses
The trading of the week also clearly reveals that
the principal districts in which specuiators ana
investors are busiest the northerly halt OF the
original upper Riverside Drive section. the Wash
ington Heights region and the Hunts Point dis
trict of the Bronx So many sales of properties
were made in those regions last week that even
the most experienced person in realty AFFAIRS hah
2 hard time in carefully watching and studying
the various movements. Most of the other zones
were overshadowed by the activity IN those sec
tions.
The brokers who make a specially of Fifth ave
nue. properties also far from being idle. and
contributed large measure Of the business re-
ported There many deals involving sew
eral hundred thousand dollars each that many OF
them attracted little attention 1t took operations
involving nearly million dollars to arouse WIDEST
interest In the upper Broadway section the num-
Der of lots both improved and unimproved. which
sold, thirty.
ACTIVITY OF VARIOUS LEADERS.
Late last Saturday noon, after most of the brok
erage houses had closed. the announcement was
made that a syndicate formed by Max Marx. Som
Bros and Adoph Bendheim had purchased the
greater part of the property bounded by 155th and
oSxraIr md
avenue which is known as the Audubon Park tract
and that the deal would represent an outlay or over
81 10000 This announcement was quickly followed
by many of almost equal importance
Some of the principal upper Broadway deals IN
the week follows:
The sale of the Devonshire, new ten-story
| apartment house. a plot 15x125 feet at the
southeast corner OF 112th street and Broadway FOR
$4,000 It was purchased by John ". Butler
| through sIaeson & Hobbs from the A c. & H
/ NJ. Hall Realty Company. 1t is fully rented. II
was opened for occupancy few months ago.
The sale OF a plot lOOx10O feet at the north
east corner of Broadway and 141st street by L. J.
| Phillips & Co. for Clifford Marshall TO 7. j. NC
! LoughIin & Sons. The property was recently pur-
chased by Adoph LeWisohn It IS the. intention
of the buyers to erect the site ten story fire
! proof apartment house to cover the entire plot
The sale of a lot 2Sx1OO the southeast corner
of 153d street and Broadway for H A Barney
| through L. J. Phillips & Co, to D. B. Freedman
The sale Of the block front on the west side OF
Broadway between INST and r72d streets. through
L. ]. Phillips & Co. for the Barney estate to George
| f. johnson, jr.
The sale of a plot at the northwest, corner Of
! 18th street and Broadway through Arnold Byrne &
Baumann for the Fort Washington syndicate. OF
which Henry Morgenthau is president, TO the Nc
| Dowell Construction Company. The buyer will
erect the site apartment house. The plot has
frontage of 10S feet on Broadway and lZ2 feet on
! the street.
! The sale of the block front on the west side Of
| Broadway, between 152d and 153d streets, for the
/ Barney estate through 1. J. Phillips Co. to Max
Marx. The property has a frontage Of 1910 feet
| on Broadway and 125 feet in both streets
The sale of a six story elevator apartment
house. plot 10ox10O feet at the northeast cor
| ner of 144th street and Broadway, through F. R
Wood & Co. for the George A. Fisher Company.
! The buyer who is an investor, represented by
| E. w. Scott.
The sale of seven lots at the southeast corner of
! I36th street and Broadway through A. L. Mordecai
& Son for James A Deering to Adolph Hnrschfeld.
Two six story apartment houses Will be erected on
the site.
! IN THE CENTRAL FIFTH AVENUE ZONE.
IN the central Fifth avenue retail shopping dis
| trict of the largest deals of the year was
made. Overtures were recently made to purchase
the Lyons Building. a twelve story Office and store
Nos 236 and 238 Fifth avenue, which is
Jest north of the Johnson property, at The north
/ west OF 9th street and Fifth avenue. The
J building has frontage OF 5S feet in the avenue,
north line 125 feet and south line of 100 feet.
| An agreement virtually made last Tuesday for
the purchase of the building for 81 $1,000 cash.
| James j. Hill bought in the week the four story
dwelling house Nos. and East saith street, on
| plot 7Ox1OO feet and adjoining his home, at Nos
and 10 East 65th The purchase was made to
| prevent the erection of apartment house, which
would affect the light and air of his house and the
house at No. 12 East 65th street, which Mr.. Hill
built about a year ago for his daughter, Mrs.
Michael Gavin. The purchase price for Nos. and
/ 2 East 64th street was about s500p0
MORE DWELLING HOUSE SALES.
MANY other dwelling house properties were sold
in tn4 week For Mrs. J Mitchell Clark Pease K
Gilman scld the five story brick dwelling
house No 1888 Fifth avenue. for about S150,o0o.
The buyer will occupy the premises. The house is
lust 30 feet north of SSth street and is on lot
19y10lo fect For Charles A. Gould Taylcr Brothers
& Co sold for about 600 the dwelling house No.
II West a5th street The buyer, it said. would
replace the present structure with a modern
house.
one of the principal deals in The Bronx reported
last week was the sale by Henry Morgenthau &
Frederick johnson through Jacob Leitner to the
American Real Estate Company of the johnson
Bli!dns at the junction OF WestchesteT and Pros
pect avenuee. The plot which the building
stands comprises % 900 square feet. II has 'front.'
are of feet on Westchester avenue and 257 feet
on Prospect avenue. The Cosmopolitan Bank. the
JorcUood club and the Prudential Life Insurance
C3n,ranv nave Offices the building which is one
of the most prominent corner structures In The
Bronx