New-York tribune., 1909-11-14
REALTY MARKET BRISK
MdNY LARGE SALES IN MaNHATT4fN AND
THE BRONX MADE LAST WEEK.
Prospect for Long Period of 1cy Brght-Lo'cer Madi-
Auenue Business District Being Enlarged

the removal Of Sloane and other firms OF
this character TO Fifth avenue will result
in greatly increased activity and further
enhancement Of values I'm the section ~
Fifth avenue above G2d street" Lewis u.
Preston. OConnOr Lawrence & Gilman
were the brokers in the transaction. A
SE20.OoO Investment deal I'm this section Of
Fifth avenue reported last week was the
purchase by a client Of Corbett & Stern
of No. 592. eOxloo feet
BUYING IN seD STREET
The Alliance Realty Company. which hg
ured I'm the largest Fifth avenue transac-
tion last week. directed attention once
again 20 Ssd street by the purchase of Nos.
lls and l39 West S2d street and Nos. 12l
and l23 West alst street. a plot H,Xloe feet.
from the estate II Charles r. Hoffman.
Lewis r. Preston and Parish, Fisher & Co.
We're the brokers in that deal The main
entrance To the Pennsylvania Tunnel Ter
minal on the westerly side OF Seventh ave
nue. from slst TO sd streets will he directly
opposite 2ad street. and for that reason
project of widening 2ed street from seventh
avenue 10 Fifth avenue. OF at least as far
as Broadway. has been discussed by city
officials and realty experts.
II is thought that this part Of the street
is going 10 be an important crosstown
business artery. and it was that belief that
induced the Alliance Real Estate Company
10 purchase the Hoffman estate property.
one Of the Fourth avenue deals reported
last week was the purchase OF the four
story building. No 4l2 Fourth avenue,
lot 2Ox7s feet by Eliza L. Edgar. With
that purchase she now controls a plot
s4x7S feet Al the northwestern corner of
2sth street and Fourth avenue.
Another transaction in the Fourth avenue
district last week was the purchase by John
Palmer OF the three old buildings. No
lOs TO ll3 East 9sth street. s2.sxlOO feet
from Mrs. i. Giberson. through y. A. Ber-
win & Co The parcel is opposite the new
69th Regiment Armory. Mr. Palmer will
hold the property for an advance I'm value
A transaction in the lower Madison ave
nue. district which attracted widespread at
tention was the purchase by the Herald
Square Realty Company from the estate
OF Marvin & Buttle and the Kips Bay
Realty Company Of Nos. 76 and IS Madison
avenue, southwest corner Of 2Sth street
on that site IS TO be erected by the pur-
chasing company a twelve story mercantile
structure. II has been leased from the
plans 10 Blum & Koch. dealers in straw
hats. at l4th street and Fifth avenue. The
lease is for a term Of twenty-One years.
with renewal privileges. The lesses will
occupy the lower floors and will sublet the
upper part of the building. The sale and
lease were negotiated by Hell & Stern.
a.25o.ccO SALE.
The Sl.25O.OOO transaction in the West Side
was the purchase by Robert Z. Bowling.
-
from the trustees of the Thomas w. Evans
Museum and Institute OF Philadelphia Of
the entire block bounded by ssth and goth
streets. Broadway and West End avenue.
Horace S. Ely q Co. and Lewis b. Preston
were the brokers in the transaction. The
black measures 20l-5 feet on both Broad
way and West End avenue and 225 feet on
each street. II contains twenty-six lots.
Another important transaction in the
West Side reported last week was the
purchase by Irving Judis. of the Irving
Judis Realty and Construction Company
from the trustees of the AstOr estate Of a
plot. l00xl00u feet, at the northwest cor
ner Of loSth street and Amsterdam avenue
on that site Mr. Judis will erect twelve
story apartment house.
4 transaction showing the demand for
midtown lofts was the sale OF the premises
No. A. 10 IS West 10th street by II. & l.
Hess FOR various owners 10 the State
Realty and Mortgage Company, of which
Judson S. Todd is president. and then the
resale OF the same premises for Mr.. Todd's
company to M Crystal who recently
bought No 40 West Goth street. The COM
bined parcels form a plot l07.sxs2e feet, on
which Mr. Crystal will erect a twelve story
store and loft building. That deal will rep
resent an investment of 10000
Buyers were found for many large prop
critics which were offered for sale in the
auction rooms last week. At the Meeks
estate sale. conducted by Bryan l. Ken
nelly. the Astor estate bought the Real
Estate Exchange Salesroom property, Nos
IL and l6 Nesey street, for S307.5 thus en-
lsrging the Astor estate holdings i'm the
block bounded by Broadway. Barclay.
Nesey and Church streets. The real estate
parcel At Church and Vesey streets was
bought by Samuel X. Stone and Heilner &
Wolf for s3Os.eeo.
There were many large deals in The
Bronx. especially in the Hunts Point
region.