New-York tribune., 1909-11-21
FINE AUCTION SALES
MdNY ATTRACTVE PROPERTIES BOUGHT
LAST HEEK IN VESET STREET ROOMS.
More Voluntary offerings Needed to Brighten Weekly Bud
Trading IN Farions Sectons of Inc Greater Chy.

the Nacsn; and imp' wed sites which are
top heavy with lhortgages the sum total
of which is Tar greater than their market
worth By bearing these facts la mind
the inexperienced i'm really affairs ar the
thoughtless trader may he able to I'M
derstand the successful sales al bargain
prices
DRc of the iucst pieces of reel estate
which las changed I'm many months AT
auction ia the Nesey street saiesrooms
was obtained last week by the Gould es-
tate. For wears IL has owned the Grand
Opera House property. al the northwest
corner uI 2Sd street anu Eighth avenue.
last week IL bought the norther,y half of
this block front and therefore now con-
troig the entire block front Il paid
$4,000 for souaring out 10 use "a realty
expression. its holdings in this section Of
the city. To The estate the northerly half
OF the block front was more valuable than
10 any individual or syndicate and at
$4,000 the estate got a parcel Of real es-
tate which viii prove a most profitable i'm
Nestment That property was sold a one
of the successful sales held by Nj Ken
nelly on Wednesday.
ON the same dav Herbert A Sherman
found AT good prices buyers for all the
nounced al his stand that the sum total
Of the sales was s.. .000 more than the high
est appraisal made for 1he estate Il is
therefore fair To assume that the estate
would have taken $1,000 less. and consid-
cred itself fortunate indeed than the sum
il realized for its offerings under the ham
mer. Yet where are the realty traders who
viii say that No. i Crosby street at sal
zoo No 345 West 30th street al SfS45l and
No. s3 Walker street at $500 besides No
lGs Eliza beth street al S25,O00 and No a64
West 23d street at ST 700 are not realty
bargains In the true sense Of the word?
Here. therefore. Is an instance Of create
prices being obtained than probably could
have been had al private sale with both
seller and buyer happy over the outcome
OF the sales.
FEW LARGE PRIVATE DEALS
The scenes of real activity in the prin-
cipal speculative and investment zones on
Manhattan Island and in The Bronx did
not arouse as much interest last week as
those OF the previous week. There was
less trading IN nearly all OF the zones. and
that is Why the purchasing operations Of
last week attracted less attention. were Of
less Importance and involved smaller sums
OF money than in the previous week
one Of the principal transactions reported
building Nos and East Goth street. on
plot 40Sxleo5 feet. opposite the Windsor
Arcade, by the McNickar-Caillard Realty
Company, for Amos r. L. Pinchot 10 the
Mel1den Britannia Company, q subsidiary
concern or the international Silver Com
pany- The uptown home Of the lessee is At
No rs Fifth avenue This lease means
the removal from Fifth avenue 10 a cross
thorouShfare forming part Of the great
Fifth avenue shopping centre. The lease
is foT tweuty-one years No plans have
Yet been drawn for the Improvement Of the
premises. hut fl is though. that the present
structure. which Was formerly occupied by
s. Mary School. viii be replaced by A
modern business building for the exclusive
use of the lessee Mr Pinchot bought th,
property last July.
A transaction of similar character was
the decision of Redferu 40 move from Fifth
avenue 90 one OF the side streets ~ the
district and the leasing of plot for carry
ing out that plan
IN SOME ACTIVE ZONES .l.z---
a fair volume Of business was transacted
last week in the midtown left centre. in the
downtown business zone an6 IN the upper
West side, particularly or Washington
Heights. IN the downtown business section
sales Of Nos. NJ and S9i Greenwich street.
northwest corner OF 18th street two four
story tenement houses. with a frontage of
about - feet and a depth Of G. feet; Of No.
3 Goerck street, a five story building, on d
lot Z5xs5 feet. Of No. 9s Vandam street. d
hve story building. on lot 4sNz5.2 feet. and
OF No. Al Canal street. a four story build
ing, zl-l0x5o feet ON the Greenwich street
site Is tc b. erected an eight story business
building. and on the Canal street plot a
four story business structure
one Of the leading transactions IN the
midtown loft celtre last week was the
sale by Frost. Palmer & Co. for David
and Harry Lipman, OF the premises No.
l-Z - 80 West 27th street, between Sixth
ano seventh avenues. a plot IS 9xSs9 feet.
The buyer is builder. who viii erect on
the premises = twelve story loft building,
IN keeping with the other premises on this
block
In the upper West Side buyers were found
Cor number OF large plots Thomas j.
OReilly sold FOR the Advance Building
Company 10 an investor the Phaton, a six
story elevator apartment house. No. 537 To
% West 18th street, on a lot lO0xlO0ll feet.
The asking price was $1,000 For "a plot
Of thirteen lots on the north side Of 95th
street from Broadway 10 West End ave
nue.. Robert T. Bowling paid S5o.0co
William Waldorf Astor sold TO r j. SIC
LOughlin's Sons a plot IOollxlz5 feet. at
the northeast corner OF SSth street and
Broadway, for about $4,000 on the prem
ises viii be erected a twelve story apart
ment house.