New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-12

Another project to erect a twelve storS
mercantile building near the Times % ua4
section was launched yesterday
structure viii be built by the herAlo
Square Holding Company and will occupy
the premises Nos G. and 81 west 40'i
street. two four story dwelling houses on
plot s0xleo5 feet. The property was SOLO
by John Z Olson through Frederick FOX
& GO.
Nearly I'll the other realty roads over
which buyers travelled yesterday LED 10
The Bronx and into sections Of tha'
great borough where almost countless real
estate opportunities are 10 he fourd for the
beginner as we'll as the expert
The principal private transaction IN the
borough was the purchase by the East
chester Shore Front Realty COMPANY of the
Charles Rassr tract Of little more than
seven and one-third acres Of two parcels
comprising eight and one-third acres
formerly owned by George n. Hunt and
several other persons and Of 80 acres
near by owned by various persons
The properties have large frontages on
the Hutchinson River and Black Dog
Creek IN the Eastchester district, and
extend westerly 70 the station OF the New
York. Westchester & Boston Railroad at
Baychester. just north Of @22d street. Per
sons identified with the railroad company
are connected with the real estate concern
Il is generally thought that 222d street will
he one Of the p-incipal thorouEhfares in
this part Of The Bronx and that the widen
ing OF the Hutchinson River viii make
large part Of the district much more at
tractive 10 manufacturers seeking suitable
sites so as 10 erect bisser plants.
More Bronx Sales.
The other Bronx section which appealed
yesterday 10 the buyers prominent in the
market was the Hunts Point Joseph =.
Day quickly found those purchasers at MS
auction sale Of 2g7 Hunts Point lots held
last night at Terrace Garden
II was Tie first auction sale Of Bronx
lots ever held at night on Manhattan Isl
ana. aud II WAS 2 most successful one.
The Hunts Point region was about five
years ago a heavily wooded area. with q
few lanes extending through il At that
time there We're many real estate men
who thought The Bronx as regards mod
eru fathouses was cverbuilt In the last
five Years the enlargement Of the dwelling
house. especially the fathouse, zones Of
The Tironx has been one % the leading
features Of the building growth OF the
greater citv. and i'm that period large
profits from realty investments have been
made bv those persons who were not
svsyed away from other objective points
by the cries about ''overproduction."
VIII Furnish Big Deals.
/ Up in Tic Bronx il is rs easy 70 find real
y men with gloomy views on real estate
matters relating 10 their borough as If is tc
find unnUmbered houses there. Even late
/ ly there has been no decrease in theft
numbers in spite Of the fact that The
I Bronx IS soon going 70 euliven things along
realty walks as Il did just prior to and
after The opening Of the subway. in 1904
: gins Of unusually brisk buying there are
/ readily 10 BE- seen on every side. Each day
the market FOR FronX property is getting
better, new high record prices are being
made IN many districts. and nowhere is
there = downward trend Of values. Zach
DAY. too. rapid work in the building OF the
New York. WestChester & Boston Rail
road Is reported. and that means that the
time for opening part of the road for ser
vice Is nearer at hand When that road
/ is completed new high record values along
/ its route VIII undoubtedly he features OF
the real estate market
About wear ago there v-ss considera bic
trading in West End avenue \ buyer was
found Yesterday for the premises No. 49,
West Erd avenue. 3 four story dwelling
house on lot Is 4x1n feet