New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-08-03
HOUSES IN DEMAND
ar INVESTMENT DEAL.
,.ofa Park AUenHe PLAYHOUSE a
Feature Of the Trading.

- sc-al real estate market yester-
Tnois - ohC0qe n ownership - small
az Fes'..' sv-sling houses and several fathouses
ram'-,-,ass ono Il the sales AZ the grea' M"s'
Ns'e s...es n feature ~ the purchasing operations
80 ,nore striking manner than any other
ts...r transaction in some weeks. Al vas ''ie
slaaH' - ne fagr story dwelling house No -
pcolsss -. an n lot L 6NlooS feet nv W''hasa
YES $50 -. ,eweiler. from Parrita Parraga,
49, 6 0ssood Pei GO.
q fr,s,,on bought the property as al invest
y" -.s sale e1rretuily shows That West side
re-. .,,eas are an Al investment, emo [tnat
49, sylsirr Is old and useless the vaiue or
~ e likely 20 be much larger Than WnSh we
sis for The land and structure slso
-. realty buyers. whether ihey ee os OF
Ha -suse from studying the market at
Gal y o,5 10 see one Geld for activity
...,s'rr OF e one -, -.
y 80 las Increased ~ rapid rate. opera
We - ,rsrt,uert house builders involving manE
u, -. ~ millions, have been the predominant
hlil'e. Those proiects have obliterated whole
R ar-eline houses. and though the de-
tehs - west side dwelling houses have grown
I.-,suv lager. comparatively rev mooeIh
- houses have been built north OF osih
-. srs south 81 125th street west Of central
ere -. for most Of the sites ohtainable for
have itt.l A0'-A -'4 mo-
,-,r-,be demand Tor West Side dwelling
f 1. ranch bigger than Il was ~ this time
- and Is expected o. be more vigorous
- The dsv % extensive dwelling house
,,,,- IN tie West side is long past. and the
- :, such structures Is fast decreasing.
~ west side transaction yesterday was the
y, e,sv.son a Hobbs for David De Lanoey
,..s-iokson of the premises No. lS West Sth
forr story dwelling house, on lot lsxl02-3
-. 10 client Tor occupancy.
- \ NyfDdhorst sold No $50 Park avenue,
= cory sinale fathouse on a lot 20x75 feet, adj
- ,te northwest corner OF 18th street. The
&C nrice was said 10 be about $4,000
ct, 4 sons sold for II. c. Craft the three
- s.surg house 40. 157 East SD street, on a
y. lssyiC2 feet
y .-s, rsal Estate Record and Guide" SAYS IN IT'S
~. ,ssrs regarding the real estate situation IN
r-,oklyD in part as follows;
err, ,snarkable activity in the building trades IS
.,-r,or,stic OF return 81 confidence in all direc-
..,s II is an evidence Of the existence OF free
-, available for investment in buildings OF
.-sr kind not only dwelling houses. which al the
cent time constitute the bulk Of building opera
-, 1, proollvn and Queens. but also apartment
,.s factories and Office and commercial buildings
!, every class j might also he said 10 signalize
.s-rrrr.pr confidence on the part Of those 10 whom
~, ,anral belongs and the belief that increased
ss5giss are going 10 be needed and that building
d r-obablv cheaper ROW than II will be In the
,ture With the material dealers there is nouce-
able Increase u inquiries
.,rs zeal estate market in an parts OF Brooklyn
erlv sustained last week the activity Il has eX-
,srsB,sd throughout as much OF the summer as
has rassed. This season is truly an anomaly IN
y,,l estate strength The most salient feature OF
he week was the large number Of dwellings and
,re family houses that changed hands and this &C
,rv was confined principally 10 the suburban areas
n ,i,s borough Many lots We're sold for improve
men, also One transaction in improved property
alone comprised nine houses in Flatbush, while four
vacant rlots in the same section figured in one sale
lrd tract q slxty-three lots in the Gravesend
prt Of the borough changed hands. Ocean front
rJperiy al Manhattan Beach also held a con-
rsuous Place IN tie markets movement"
George q d. Gersdorf is the buyer OF No. 1913
E.ES0th street. sold recently by John J. Kavanagh
q lvttls;on Fox