New-York tribune., 1908-05-11
BUYING IN MIDTOUN
Far F0lume of Business Last Week
iR Mann Other Districts.


The principal trading in the local realty market
continues 10 be in the midtown section. In the last
two weeks there has been broadening Of an i'm
portant purchasing movement there, and a re-
suit larger number of spectators. builders and
investors active in the section. In the previous
week of the largest transactions was the sale
Of the old Varian farm parcel which stands
Mouquins restaurant, in Sixth avenue just south
of 2Sth street. The market last week was brisk
for property in the lower part OF the district For
several years this entire section has been under
going a phenomenal change. Many old structures
have been replaced by modern loft and office build
ings. and in the arteries considerable con-
struction work has been done Owing TO recent
sales the loft of the section viii probably be
greatly augmented this season and next year the
upper part the district that part of the sec
tion contiguous the northern terminal station OF
the Sixth avenue extension OF the tunnel routes OF
the Hudson & Manhattan Railroad Company ne-
tween this city and the Jersey shore, VIII lhey DC
the scene of large Office projects.
one of the most important transactions Of the
week was a deal affecting plot in tins cehtral
midtown territory The Susquehanna SIX WORKS
of Paterson \ j.. bought, through NJ. & l. Hess
from the jeremiah c. Lyons Building and operating
Company. the eleven story and basement mercan-
tile building No. % West 18th st, extending
10 and including No e to q West 18th st Inc
parcel has & frontage OF % feet and depth OF d
feet The amount involved over H,0WvS
Plans we're also perfected last week for the 1Hnle-
diate improvement of large site in the same SET
ton The West Twenty-sixth Street Corporation Is
going to erect twelve and half story loft struct-
IRE on the premises No 81 to IS West 26th ST. from
plans by Neville & Bagge. at an estimated cost OF
100000 The building viii be of the Renaissance
type, with a facade Of granite for the first three
stories and brick trimmed and terra Gotta at the
upper stories The front will also have three tiers
of hays set between tall pilasters and cornice
with three pediments. finished with fagstaffs The
structure VIII have a frontage Of 100 feet and
depth of 81 feet
Several deals in the westerly part of central mid
town district were also reported in the week, one
of them being the sale by William P Jones Son
of the premises No 800 West 49th st. a five
story twenty-five family tenement house, on plot
fronting 70 feet and having depth of 1908 feet
The buyer DR.. Philip G. Becker. who quickly
resOld the property investor through the same
brokers. s. B. Goodale & Sons found buyer in
the week for the four story dwelling house No
245 West SSth st, with frontage of q little more
than Il feet and depth of 100 feet The buyer is
the owner of No 243 adjoining. There was slight
decrease in the week in the trading in the upper
West Side districts and in the central Fifth ave,
zone. But in the upper East Side there was greater
activity than in any week in last four months.
There is a big demand there for new Ave story
tenement houses. one Of the largest transactions
in the upper West Side districts was the purchase
by Max Marx from John b. Berry of the five story
apartment house at the northwest corner of 18th
plot fronting 50 feet and with depth of 100 feet
The seller gave in part payment parcel 20 by 100
feet on the westerly side of Amsterdam ave.
2411 feet south of 1S9th Another large trans
action In the upper West Side section was the
purchase by Frederick Brown from William Bett-
Of the six story apartment house No. 26
West 10th occupying plot 57.6xloo1l feet Leo
Hess the broker
The chief item OF news from the central Fifth |
ave, district in the week the filing of plans !
for hon iEhl To be Illilt 70
occupany of Mrs. Oliver II. z. Belmont It will be |
erected from plans by Hunt & Hunt and viii oc- |
cUpy plot q the northeast of 51st st. |!
and Madison 1t Will front about 81 feet |
on the avenue and 80 feet the street 1t viii be |
four stories high. with basement. with facades |
OF brick with ornamental stucco. The design will |
be Of the Italian Renaissance type. The structure
Will be adorned with of Corinthian pilasters. |
extending from the first story to the roof and sup
porting ornamental Cornice and balustrade. 1t |
VIII also have a swell front the street. The main
entrance viii be the avenue. The plans also pro-
vide for central foyer hall, dividing the length
Of the building. There win he a reception and |
a dining room the first story and library and
drawing room on the second floor. The other floors
will be apportiOned living
George r. Read & Co. sold last week the two /
hve-story fathOuses Nos. 252 and 254 West S5th
ST. on plot SOx102 feet, for Mary P. Gage. The
Toch Realty Company also sold No. 2o5 West 104th |
st. q four story and basement stone front dwelling
house. a lot 18xl00
In the Nesey st. saIesrooms the first big auc-
ton sale of Bronx lots Of the season held. The
parcels sold comprised the Wolfe estate tract of
246 lots, fronting White Plains Road, Mace,
Barker, Waring and Olinvie aves Buyers were
found for all the lots, the total realized being
s2@Sl5- The prices paid for the lots somewhat
higher than number of experts expected the prop
erty would bring. This sale clearly indicated that |
here is big demand for vacant property superb
locations and that there is likely TO be a vigorous
market for such offerings throughout this season.