New-York tribune., 1909-03-07

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buy in or somewhere near the drive centres 81
sure were they that the development OF the Two
districts would he along the lines which lheE
pictured To-day there many homes ocauPit' "S
weH-known society men and women. WIN 'di7
frontaees on the drive. But the cHc'csSO -.
Dental district Of the city IS that region OF te
city formed 10y central and upper Fifth avenue
IN THE UPPER FIFTH AVENUE ZONE
The rlot of land with frontage Of - feet and
= depth of 100 feet which Mr. Sage sold for S5oH'
+D,snt. wears ago. could not be bought to-day. it
Is thought for much less than $l",o'L lHuS Tue
advance in front foot valuations ln TINS Secll'h VI
the city as indicated by this auction sale ana 10y
the recent prices paid land there is from ES0'
TO about 5000 d front foot
The city appraises the plot at the northeast GU
ner Of ssth street and Fifth avenue which was
disposed of this auction sale 10 J9Hn b. Ht''--.
for $4,000. at $4,000 and. with the hull-'7' a.
500 COO II values the adjoining plot with rom
age of 80 feet and depth Of IL feet. at $lo"o''
aDd with the building. at 100000. IL values 'ie
two abutting parcels, with frontases in the aV,-
me of little % feet each, ana WIN d ueP''t
of a little over II feet. both OF WtioH are 49,
f,- Robert b Dula aud ". ". Fuller. at Sl-'V"
each and places the total valuation Of buIIinSS
al s445tso An adjoining plot, aJXllo ieeJ IL '4'SS
at S425,o0o.
Regarding the auction sale. the following ac-
oo,,nf WAS printed q few days after the auc-
80, colo was held: In the way Of investors the
following were present: David and John + Dun
can. George r johnson. Henry Brash JoAn u
wendell Amos Z. Emo William La"loi- NJ a -
Levy b. Sre's Sons, John Donovan, MOTIFS 2tS'''
hardt, Edward Oppenhelinerr Sal-'--,l -'i--
and Newman Cowen."
On the same day a large number OF choice Gown
town properties changed hands al auction. H. l.
Ransom bought the five stoIX store Du4lalhG 40,
121 Liberty street, 25xl0olo feet ior $io,V' "51
Colonel Elliott +. Shepard bought no -" ''-''"
ua,- q ex013 feet for $2llo eco few months prior
to the sale Messrs. Duncan purchased ''e So1I'
west corner of Fulton street and bioaoN'9' -'-'yA
q feet for S2265g0 the rate OF Sl1o : d s4s'-
foot colonel Shepard also bought at me au1,''''
sale the three store properties NJ -'' -'-
street. 6j6x77.4 feet. for Sl"l-o' ,.
some Of the other transactions Fepo'''u -
brokers in the week OF this sale were as iolo"9,
-rta ,,rar,ises Nos 81 and 50 Chambers street ana
Nos 73 and - Reade street, py "4l"aIl NiuifN
.t.,,,l- for r r Auchmuty. $25gyD; the Iour
lots NJ the southeast corner Of 10Th street ana
Ninth avenue to Justice Dugro Tor $-o''V' anu 's
Mot 1 9xg7x9S 9xI25 feet at the southeast corner o
9th street and Broadway for $5l-0Vo 10 i'oDei,
Hoe of Hoe & Co. IN 1880 the same site was sou
~, Is,nes d Fish to the Clinton Hall Association
for $4,000 Harvey Kennedy purchased rom
Tobn IL Watson a four story broWnstuhe u"eii'"e
bo,se No go Fifth avenue. 25Xb5Nlu lett' at d re-
,,orted price of SlO0CG1 John d. Crlmmlns bought
afty-three lots from the estate Of William Ilideh
ON Twelfth avenue. between 132d and 1880 streets
The estate OF the late Charles T. Barney sold touI
lots on the south side Of lc3d street. lJ leet east Oh
Ninth avenue for $50 600: four lots on the north SIDE
OF 18th street, 100 east OF Tenth avenue Tor
$4,000; seven lots the south side OF 18TH street
100 feet east Of Ninth for &l5,5go and six
lots on the south side of 9Sth street 10 feet east
Of Ninth avenue, for $J4,en
Morris B. Baer & Co. sold for Justice Dugro No.
1872 Duane street 356xS9 feet, for $4,000 The prop
ertv was bought by the seller at the Joshua Jones
estate sale held in 1889 for $4,000 The Academy
OF Medicine bought through BelIamy & Winans
q plot 1OOxl005 feet the north side OF 43d street
about 245 feet west of Fifth avenue. for $4,000.
Most of these properties are worth to-day con-
siderablv more than twice what paid for
them twenty years ago, and IN some instances the
city books reveal increase of valuation many
times greater than the purchase price twenty years
ago.
PLANNED A BROADWAY SUBWAY.
At the time Of the auction sale referred to
corporation known as The Arcade Company had
perfected plans for building arcade road from
the Battery under Broadway to 59th street, and
from 23d street and broadway branch under 23d
street TO Madison avenue and up Madison avenue 10
the Grand Central Station 1t to be completed
by Iune l. 1891. a company also at that time
considering the erection OF bridge ever the East
ARiver from 59th street Manhattan Island. to Long
Island CITY. IN article describing the activities Of
the company which printed in 1889 was IN part
as follows The efforts which are telnS made by
the company which has the Long Island bridge
MAN under way have been redoublcd recently. and
tbere seems at this a possibility that the
scheme may ripen more quickly than at first
s,nnosed The application which has just been
made by the company the Supreme Court for
mowers to acquire title that piece of property
FIackweIrs Island required for towers to support
the bridge In its span the East River together
with the efforts induce the Board Of Street
Opening TO give them the power needed that they
NAV be able 10 proceed with the work shows that
tn, company has some backing which makes its
officers and especially its representative. DR..
Thomas Rainey confident of being able financially
to carry out the scheme.
Since those days of long ago the stability Of
realty values has been placed upon a hrmer foun-
dation bv the building of the subway, the Williams
burg and Blackwell's Island bridges, and the link
ing together of the Long Island. Manhattan and
Jersey shores with a network Of river tunnels.
Trading in the Park avenue district north Of 59th
street continues to be of the leading features
of the real estate market. number of properties
with frontages in the avenue sold last week
to investors and builders. In the West Side dis
trtct several large properties were disposed of at
private sale L. J. Phillips & Co and Ferdinand
NereI sold for the City Real Estate Company No
ss4 Riverside Drive a five and a half story Ameri-
can basement house. 25x1OO feet. Bernard Smyth &
Sons sold 10 sthe Waunegan Realty Company the
four four story dwelling houses No. 13 10 1s West
Ssth street on plot 74xl00S feet Tie houses were