New-York tribune., 1909-03-21

q, the street. between Third and Fourth avenues.
thousands Of persons daily find amusement. And
one of the amusement places which some years
ago was a vaudeville house was recently leased BY
a theatrical syndicate for long term OF years at
1000 a year rental That rental gives a meagre
idea OF what some theatrical managers think OF
the future Of this section q great amusement
centre. Near this moving picture place site mas
been purchased by we'll known theatrical syndi-
cate for improvement with one Of the largest
vaudeville houses ever built IN this city. This IS
An amusement centre in which an evenings enter
tainrnent may be had "for the small sum OF dime
In many respects It IS unlike any other centre OF
its kind to be found within the greater city, and
owing 10 the success of most Of the theatrical en-
terprises there It would be surprising II much
moro space on the southerly side OF the street was
occupied in the near future by moving picture
places and vaudeville houses
THE MIDTOWN TUNNEL ZONE
The Hudson Companies and some well known
brokerage houses figured prominently last week
in the transactions perfected for tho Improvement
~ large plots In what is known as the midtown
tunnel zone The plans OF the Hudson Companies
provide for the erection on fits property on the
west side OF Broadway, between 82d and SD
streets Of a building TO be occupied under twenty
one year lease. with four renewals. as depart
rnent store by Girubel Brothers, tho well known
merchants Of Philadelphia and Milwaukee Inc
plot has a frontage OF 200 feet on broadway ana ID
400 feet deep The building will be 1856 feet In
Id
ten stories above street surface and three DC
low The SD street station OF the Hudson q Man
haitian Railroad Company VIII be IN the pToIoSeu
building The site originally acquired by the
Hudson Companies for as a big tunnel Ter
r,inal station and is valued at between 100000
and 100000 II is said that the proposed build
ing wi Ich will have floor space OF tWehty-seFeh
and oue-half acres and viii thus be the largest
denartYnent store structure in this city, Will coSt
about 81 90 go Thus tho total investment repre-
sented bv the value Of the property and building
Will be about Sll,0D0.0o0. The Hudson companies
abandoned its original project TO use the site for
large terminal station when II changed Its tunnel
mans So as to extend its Sixth avenue route from
8sd street up the avenue TO 49th street. and thence
easterly TO Il point opposite the Grand CentraI
Station. The company will begin the work OF
building this extension as soon as II OBTAINS I4Ie
necessary franchises
Another large midtown transaction perfected last
week was the sale by NJ. & L. Hess FOR Robert
MicoIino TO the Quinn & Smith Company Of the
premises Nos. 146 and 148 West &th street two
stables a plot 46.6xsS9 feet No 14S was sold TO
Mr.. Mccno by the same brokers some months
ago. and resoId for him to the present buyer
at a much higher price than he paid, owing TO the
activity IN this section. On the site will be erected
e modern loft building. For Bolton Hall and the
Henriques estate H. J. Sachs & Co. sold last week
No 2o4 TO 20S West 25th street. 466x9S9 feet. and
for the abutting property. No. 03 TO
2o5 West 24th street. 43x9S9 feet. The buyer is a
realty company. It viii erect the combined
properties containing about eight thousand square
feet an eleven story building. which will be occu-
pied by the National Suit and Cloak Company, in
addition to its present home. adjoining the site.
W S Patton and J. l. Van Zandt sold last week
the premises No 153 to 157 West 23d street, three
four-story buildings, on a plot 60x9s9 feet The
site is between Sixth and Seventh avenues The
Charles Buck Construction Company, the buyer,
will erect the plot twelve story loft and store
building. W ". Miller the broker in the sale.
DEALS IN OTHER CENTRAL SECTIONS
market last week sales in other central dis
tricts For Mary J. Belts Horace S. Ely &. Co sold
TO client No. 437 Fourth avenue, a four story
building a lot 199x50 feet. 1t is 396 feet south
Of 30th This parcel is in section OF
Fourth avenue where there Is rapidly increasing
demand among many large retail houses and also
among many big loft builders. for sites for i'm
provement with modern business buildings
Since the first OF the year the volume of busf-
transacted In the avenue has been somewhat
larger than in any other corresponding period for
some years A modern business building is to be
erected by the well known publishing house Of Dodd
Mead & Co, and similar structures are TO be put
up there by a number of other houses doing
tensve retail business In view of this activity in
the avenue, IT thought that new record price
for properties in the district would he at the
auction sale of the Ashland House property at 24th
street and Fourth avenue which held last week
In the Vesey street saiesroom. The property how
ever was bid in by a representative of the owner.
The Hotel Devonshire property. which was bought
last October by a syndicate, is owned by Poly
nero & Ringa, the lessees of the premises The
property is better known The Creeks 1t has
frontages 42d and 41st streets. 123 east of
Madison avenue.
For the estate of Franklin B. Lord Whitehouse
Porter sold No. IS Park avenue. four story
and basement dwelling house between 37th and 3Sth
streets to H. ". Rogers. He viii erect on the site
an American basement house for his own occl-
nancy. Some old style houses in this section of the
city are replaced by houses Of the modern tvpe
These building projects looked upon by many
realty experts as positive proof that the resi-
Dental character Of the section will be preserved
for many years, and invasion of the district
by loft builders and business houses not likely
10 he a feature of the real estate market until the
day arrives when building business structures in
the avenue becomes attractive as 1t is in the
Fourth avenue between sd street and 34th
street.
A number of large deals affecting downtown
sites was reported last week. Some of the buyers
who figured in the sites disposed of are the les
sees of the premises which changed hands The
Observation-Disclosures Realty Company sold to a Mr.
Pascarllo the premises No. go 254 West Broad