New-York tribune., 1909-10-07
INVESTOR BUYS UPTOWN PLOT
SITE Has 4 LARGE FRONT ICE IN ST NICHOLAS 1fyE-
NUE., OPPOSITE NEW SUBWAY STATION.
Fine Corner Parcel IN Upper PART 41ene Changes Hands, $780,
Apartment House To BE Built Near Cathedral Heights.

Investors figured largely in the real estate bust
transacted yesterday Manhattan Island
and spectators and operators in the trading in
The Bronx. The Manhattan districts in which
there were important deals were the Washington
Heights and the upper Park avenue. For many
months those charming residential zones have
been the scenes OF several interesting purchasing
and building operations, and their drawing power
10 Investors and spectators is apparently stronger
to-day than II was in The early part Of the year.
The principal transaction the Heights was
the sale OF plot 90SNl30N9z6N30 feet at the north
east corner OF lS3-h street and st. Nicholas ave
nue. by ". d. Morgan for ". T. Wardwell 10
Stephen J. Eagan. Mr. Eagan bought that site
as investment The plot is opposite the subway
station being built at l9oth street. Mr.. Eagan is
going TO wait and just what effect that station
viii have on the development of this rapidly grow
ing home and store centre Of the upper West Side.
lie may then improve his premises in manner
likely to prove most suitable and beneficial 70 the
district
As a result OF a transaction perfected in the
upper Park section. the Brandon apart
mont seven story structure occupying a plot
s52x96 feet at the northeast corner OF 7Sd street
and Park avenue, viii be replaced by dwelling
houses of the highest type. The Alliance Realty
Company sold a plot, 27X96 feet, forming the cor
ner parcel Of the Brandon apartment site, TO
buyer who viii build there large dwelling house
FOR his own occupancy. The Brandon apartment
house was bought by the Alliance Realty Com
pany in May from the estate Of Louis de Bebian.
II later purchas ID from Mrs Adele Q. Brown a
parcel, Ss4Xs6 feet, the eastery side OF Park
avenue between 80 and 74th streets adjoining the
apartment house. The two parcels form a plot
fronting 77.6 feet on Park avenue, and SO feet on
7Sd street
AT the time those purchases were made ii was
announced that the realty company if it did not
sell the site for Improvement with dwelling houses
would likely build high class apartment house
there. Park avenue is l60 feet wide, and owing
its width an apartment structure 240 feet high.
or at least eighteen stories in height could have
been built the site.
At the northwest corner Of Park avenue and list
street five story brick dwelling house is being put
up for George s. Brewster from plans by Trow-
bridge & Livingston II viii be 5ox7S feet. and will
cost s20O,000 The home OF Senator Elihu Root is
at the southeast corner of list street and Park
avenue, diagonay opposite the site being improved
by Mr.. Brewster
Several other dwelling house projects for this
section Of Park avenue We're announced recently.
At the northeast corner of 10Th street and Park
avenue, 22xs0 feet, modern dwelling house is also
TO he built. That site sold some weeks ago by
Arthur II. Masten.
Moreover, plans have been drawn for putting up
q number of high class dwelling houses on sites
near S5th street and with frontages on the avenue
Adjoining the site al the southwest corner OF S5th
street and Park avenue. which is being built
a new home for the old South Church, for many
years at SSth street and Madison avenue, one or
more high grade houses are 10 be constructed.
Title TO that plot was recently taken by the Law
yers' Realty Company.
George and Edward Blum. architects have filed
plans for a Sl,5000t0 elevator apartment house
be built for George T. johnson, near Cathedral
Heights, at the northwest corner OF Broadway and
ll3th street II be Of twelve stories, of brick
trimmed with limestone and terra Gotta in the
Renaissance design. having a frontage Of 100 feet
Broadway and 165.I1 feet deep. 1t is to contain
suites for sixty-nine families.