New-York tribune., 1909-11-07
MANY BUILDERS BUSY
LARGE NUMBERS OF UPTOWN SITES BOUGHT
FOR IMPROVEMENT.
Broader Market for Central Fifth Auenue PIotsAc1y
the Nc7c Midtozcn Loft Centres

Davis. Emanuel Heilner and Moses j.
Wolf. which recently purchased from the
heirs of the Furniss estate the block front
I'm Riverside Drive. from s9th TO Tooth
street. resold last week six lots on the
south side OF Tooth street. 80 feet east OF
Riverside Drive. 20 Jacob ANelred. On
that plot Mr.. Axelrod will put up two
eight story hreproof apartment houses
Investors took over last week some large
apartment houses on the West Side. which
We're recently ready for occupancy. One
Of the principal transactions of this kind
the sale by Slawson g. Hobbs for Pa
terno Brothers of the Westerheld. new
ten story apartment house, No. 6lo West
10th street. on plot 50xl0o1l feet 10 Mrs
Madaline l. Ottmann. In this block Pa
terno Brothers recently built three SINH
lar high class houses. This transaction
marks the sale OF the entire group OF four
structures. all the buildings having been
sold by the brokers in the present transac-
ton TO members Of the ottmann family.
IN THE MIDTOWN AREA.
In the midtown area west OF the central
Fifth avenue retail shopping centre many
sales were made Most of the deals will
result in the enlargement of the big loft
district. which has secured such a firm
foothold north Of Union Square and south
OF Times Square in recent years. The
Realty Holding Company bought through
NJ. & L. Hess the premises Nos. lis and
12O West 9th street. S7sxsSs feet. This
parcel is likely TO be resold In a few days
10 builder who is planning TO increase
the building strength Of the district by the
erection Of a twelve story and basement
loft building. This type OF building is most
in Of he rif
There were several other sales in 27th
street last week. The premises No 1l3
West 9th street. 2Ox9S.s feet, were sold by
NJ. d L. Hess TO Otto Wagner. who intends
10 improve the site. Hubert Peck g. Sons
sold for Mary A O'NeiI to David &
Harry Lppmann the premises No. 122 West
9Th street. a four story building, on 2 -ot
IS.sxss.s feet. In. West Goth street three
sites Just west OF Sixth avenue changed
hands.
In the Times Square section the principal
deal was the purchase by l. d A. Pincus
OF the premises Nos. I2s and l30 West s7th
street. They bought the property from the
Codington estate through the II. NJ. Well
Company and Finney g. Matthews. The
parcel has frontage OF S7.7 feet and
depth of l00-5 feet. IL is opposite the Hotel
Flanders On the site the buyers will erect
a twelve story apartment Motel
INCREASE IN BRONX SALES.
There was little realty trading in The
Bronx some weeks ago. For some days it
seemed as if this rapidly growing borough
OF the city had been deserted for the time
being by many investors and spectators
whose names and whose operations there are
familiar. Realty siuggishness however. no
longer exists in any of the attractive zones
Of that borough. judging from the sales re-
ported last week. AS large number OF the
sites for which new buyers were found are
70 be improved Immediately. there will be
plenty of work north of the Harlem River
for contractors. one sale made last week
viii result in the erection Of four five story
apartment houses. They will be built by
the Friedman Construction Company on
plot OF eight lots, extending from West
chester avenue 10 West Farms Road, north
of Hoe avenue. The site is just north OF
the Simpson street subway station. Charles
McManus sold the property for the Law
yers' Title Insurance Company.
A builder also bought last week from
Katherine Koke. through Charles A. Weber.
plot. 40XlO0 feet. on the south side of 252d
street. $40 feet east of Fourth avenue. 1t
viii be Immediately improved.
Investors took over last week a number
OF houses recently built in The Brenx. A
Neinstein sold for the Haas & Lipman
Construction Company the new five story
apartment house recently built al the north
east corner of Prospect avenue and Macy
Place, and also the two ive story apart
ment houses recently built at Brook avenue
and l39th street. 10 an investor.
Investors were conspicuous by their &C
tivity on Washington Heights. One of the
principal deals there was the sale by NJ.
Wilson for the Tomahawk Realty Company
OF ROsbert Hall. a six story elevator apart
ment house. on a plot Of four lots at the
southeast corner of lSSd street and Broad
day. The buyer is an investor. The pur-
chase price was about 10000