New-York tribune., 1909-11-14

transacted tn tho real estate marker last
week than i'm any previous week OF the
present season. In fact IL Was the most
active realty week since the financial dis
turhanco OF 1897. Since that time ihe realty
market has been slowly emerging from
period or httlc activity. as compared with
a.. magnitude of the various speculative
and investment deals m 1894 and lsl,. 10
position of greater sttractiveness 60 little
aui 6g investors than in the brisk realty
daNs which marked the beginning of the
Broadway subway. ON many occasions.
however. within the last two years, the
character of the trading i'm most of the
principal districts Of the greater city ha.
been of the very highest type. and the vol
uino of business done has reflected not only
stability of values but bright future
Nearly all the big builders have had
fairly prosperous times in the last two
years. owing 10 the fact that the demands
Tor new buildings Of various kinds induced
money lenders and many other persons 10
help further 10 the best of their ability
the creation of greater apartment house.
store. loft and business centres. But il
has indeed been a lean two years FOR the
larger number OF brokerage houses identi-
fed with the big real estate market Of the
greater city. Now brisk days for brokerage
for a long period of years. That is the
feeling prevalent IN al realty circles That
does not mean that building activity will
decrease. but rather be considerably aug
rnented Nor does IL indicate that con-
suuctive work will be Overshadowed by
brokerage deals. judging from present con-
oitions. all classes OF builders are going 10
be kept as busy as possible. and little and
big brokerage houses Will figure promi-
nently IN the trading each week.
The return OF most OF the big investors
and speculators 10 the market as buyers is
what has brought about this change for the
better IN realty trading. Their re-entrance
into the market as buyers would not he
possible unless there was a profitable field
for their activities and the money channels
affecting real estate operations were IA
Vorable for brisk realty trading. IL is the
investor and speculatOr seeking bargains
that keeps the brokers hustling ana results
IN sales from which they obtain good COM
missions.
MANY SPECTACULAR SALES.
So many important realty deals were
made last week that IL was no easy task 20
determine just what effect they viii have
on trading in various sections. Figurative-
ly speaking. II seemed as if the entire Bor-
as one OF the greatest and one Of the safest
real estate zCnes IN the world, and. more
over. that the Borough OF The Bronx had
put on a new dress Of realty attractiveness.
Deals OF the spectacular type were feat
ures Of the market on each day of the
week Investors and SPECTATORS, principal
~ those most powerful financially, were
active IN nearly every section Of the greater
CITY. In the central Fourth avenue district
sales representing AN investment Of several
hVndred thousand dollars were made. In
the central Fifth avenue retail shopping
district a S7s0ee0 purchase was the principal
transaction. In the West sd street district.
winch forms part OF the great Pennsyl-
Aauia tunnel terminal zone, an operating
syndicate bought large plot for about
Si1o.eo. The West Side contributed many
deals, one OF the transactions involving
81 2se.en There were many sales i'm this
beautiful residential centre OF the city af-
iectiUg properties valued at considerably
more than Sl00.es each.
The principal midtown loft districts were
also 1.-The scenes last week Of many i'm
pouant deals, and IN the lower Madison
avenue area. which WAS such a dominant
factor an the trading IN the market in the
early part OF this year. A sale WAS made
which VIII result IN the enlargement of
that region as high class retail shopping
zone The work OF creating I'm Madison
avenue. from 23d street 10 Bath street. a
hig retail shopping district was begun
some years ago, and the district is now
about entering on the high plane IL is des-
tined 20 occupy ss 2 hourishing business
centre
Experts are looking forward 10 a series
Of interesting purchasing movements in
the lower Madison avenue zone. in the
Pennsylvania Tunnel section. on Washing
fon Heights and in the Dycl1msn districts
and IN 9th street from Madison 10 Sixth
avenues
n IS also expected that the central Fifth
avenue district, from s2d street 70 y0th
street. viii figure more cOnspicuously in
realty trading. owing 20 the activity OF
big speculstors and investors and 20 pur-
chsses made by retail houses perfecting
Yians for permanent homes in this part
of the avenue.
OUTLOOK IN 9TH STREET
Attention was directed 20 57th street.
from Madison 20 sixth avenue. last week
by the sale OF No. - West 57th street. a
four story dwelling house, on a plot 5Ox
i@ feet for tho Oliver Hartman estate
90 the west 67tb Street Realty Company.
Henry ID. Winsns & May were the brokers
tn that transaction. This parcel is in the
centre OF one OF the finest residential
blocks IN the greater city. il is the inten-
ton OF the buyer 20 replace the dwelling
house On The site with an Office building
Cor the exclusive use OF physicians. Realty
experts firmly believe that this section OF
s7th street Is going 20 become one OF the
principal retail shopping regions on Man
haitian Island and that It's importance IN
shis respect viii equal that OF S4th street
AS 20 whether this Transformation viii take
place 81 the near future or some years
hence there is a variance OF opinion.
II runors OF probable big deals IN the
near future IN this thoroughfsre are really
hsrbansers OF future operations. the day
for making large changes IN the skyline
os the district is at hand This question
howeve-, Is not ~ al worrying many
wioeawake investors. for no matter
whether the work OF changing the section
from residential 10 business IS begun now
or a few years hence. there is not the
slightest doubt that the person who buys
property IN the zone this fall viii be able
20 ma a most favorable market for his
marcel or holdings IN the near future. The
street IL now the most attractive In the
greater city 20 many big investors and
speculators. Since the early part OF Jan
fp Ia sir AZ