New-York tribune., 1909-08-24
rIgRARY BLOCK SALE
c,rE TO BE IMPROVED.
,,ft Structure in Vest Goth Street
Leased for Se5Oy000.

sl estate market was duller yesterday than
-, o;her day this summer. One of the princi-
o. =. .-srssctions was the sale OF lot 2SxlOO5 feet
- - south side Of list street. west of Madison
o. - - the Ienox Library block. The buyer will
~ ~. dwelling house, for his own occupancy on
ne site.
r,.ns were fled yesterday for Colonel John Jacob
- for making over the five story apartment
-. Nos 3 and q West Goth street. adjoining the
s.ss ot the John Jacob and William Astor es-
.',ss The apartment house has frontage of 500
-, and depth OF So feet Two additional stories
M he built and new FACADE erected In the style
stbe modern Renaissance, and finished with bays
- between DoTic pilasteTs and having a cornice
"a ornamental balustrade. The front viii be OF
,s,k, with terra Gotta trimmings. The designs are
Nv William A Boring.
psyid NJ. Altarsh architect, a sterday applied to
prudings Superintendent Murphy for a ner,o,t %
,rct fence IS feet high and 67.6 feet long a., the
ma Of the lot at the southeast corner Of Deapca,,
ul PIT streets. The lot faces the Williamsburg
Ridge roadway and is. only SO feet wide heins, al
A.t remains OF fun city lot after the eonnls,io
q the bridge plaza The fence will be IN thirty
,s,lons Of angle iron frames. covered with sbaat-
M i viii cost $500. and VIII be used for a6va--
azzg purposes 5. Mandelbaum is the owner Of
be property.
The Real Estate Record and Guide" spealos .,
IS lsst issue regarding the Brooklyn ana Long
Bsnd stuation in part follows:
he real estate market last week was aarn.-,
.rsly quiet Ordinary transactions were rof orIifa
& nunsrous as they have been for uanv Sxseel~s
Dsst while large transactions We're not a featnrs
the markets business II appears 10 have been
week OF very normal trading, out II should no,
: aken as an indication OF approaching Guinness
h / not logical or reasonable 10 eNpecr thar q
-sraet that WAS characterized by activity durinr
M summer months is going into decline now IN
rather an eclipse before a fun harvest moon a
,shi cessation OF activity is q sign that The mar
sr has not had the qualities % A boom but the
srbsance of steady strength instead. The present
Tgsk has been period OF catching ones breath
sore the heavier business Of ian is carried on
rat this has been a very busy summer has been
-dient throughout
activity IL Brooklyn and Queens was superior 70
hst n Manhattan, and even that borough, famous
N real estate 0uietude in the summer, had fairly
rive market. Real estate on Long Island beyond
city limits has been in eNcsent demand this
srmeT. Nearly every land company constantly
-ported sales in numbers that exceeded its own
rpecafions Os market activity, while brokers
Aaaghout the island generally did more than a
rsSlcufn OF business in improved properties. Just
~ much property has been sold in suburban
i0ng Island this summer Is difficult thing 20 esti-
-sls al this time, bur n reports OF brokers and
-~rstors are a criterion 10 judge by the season
ss been of the best OF it's kind in years. That
~ tendency TO reside In the suburbs will spread
III the increasing transit facilities that under
NJ Is patent 20 every one who looks beyond the
sgsh OF his nose.