The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-03-06
The REAL ESTATE MARKET
M Hiding IN MANHATTAN LESS
aITIyE FHAN 4 YEAR AG0.
Snperimieaaeaa SsIlIer's Report ZEE Zen.
ruGry shSWS . Dec,lns ef On. D@o. COO.
hut the Leo Dc An IN one Class q
usrk-A GaAn tn the Oehsg Glasses.

Bulding Superintendent Rudolph y
Nl.r'- report % the building operations
b. Manhattan for February Shove that
w. "a the record 10 far behind that II
E.rrlarv Of last year IN tenement houss
Instruction the aggregate Of projected
ru'dlng for the month In all the other
.,-s-- Of new construction work waA
greater by over tiOO. GO in capital invest
-,snt han was recorded In the phenomenal
OH month Of last year. The m0nth's
,,-h furthermore. il greater by over
xinNN N capital investment for pro.
.e,,ed construction than was credited
o. ne ypsuiRs month Of the year.
he r-c"rd Shove that plans were filed
n February a year ago Tor a grand total
n. sgnty-five new apartment houses.
N. e. mated cost Of which was SiS 4 y. 900.
- greater percentage Of these plans.
sEever were submitted by architects
acting for speculative builders with the
design Il forestslhng a radical revision
ai ne RDnlding Code anticipated at that
,i-rs " the realty interests. a revision
v1ich u was feared would do away with
4ssI story type Of ssmi-freproof multi
family dwelling allowed by the present
ode and by the tenement house law.
ne department records show that Of
.hase e,ghty-five projected new tenement
s1uses only thirty-two have since been
ronpe,et
M, years figures for February as
,abulsted by James W. Spencer. the
rau.t cian Of the department, show
that fourteen new tenement houses we're
projected representing a capital invest
rent 81 S2.SiS.ooO or an average o.
sbou, $50. 200 each. practically the entire
group thus representing the highest type
. construction and equipment
S,stistician Spsncers figures show \
gam over the preceding February in new
free building projects, 81 which four
we're planned last month At an aggregate
eost d te2e. 900. 40 against two once
buildings costing only 1sS, 900 recorded
Ia February. 1909.
This years quota Includes the new
tuelve story ONCE building 90 be erected
Tor the special occupancy OF physicians
and dentists. AZ . cost Of t5OO.Ooo. opposite
,hs Lincoln Safe Deposit warehouse in
Fast Forty-hrpt street. a tlne type OF
edifice representing the new realty idea
ot afording handsome housing for special
professional tenancy. and a new sixteen
story Office building in the Renaissance
-'vie. with several floors for lofts, Ia be
erected on Vest Forty-fifth street. at a
co=t Of SsaS. OOO. for the new BrevOort Con-
struction Company
The February record on new store
buildings. always an important detail
Of the department tables - AfOrding a
reaex Of general business conditions,
Hal - L.
N capital Investment. the nine buildings
Of this class projected last month calling
for s7.S2s.UO OF capital. an allotment
rithin NISOOO Of the % $4,000 appro-
prated for the fourteen store buildings
cT~iited 20 February, 1904.
The city Is TO contribute sssa. 600 Of the
capital Investment credited TO last months
grand total for two new school buildings.
ono a stately example Of modified Gothic
architecture which will replace an old time
srhoolhoJse at the corner Of Baxter and
Hester streets and which will cost $40 On.
and the second big school for HArlem's
LATHE Italy on II3th street east % Sec
ond avenue both edifices being designed
by Chief Architect c. n J. snyder.
Supt Miller's report shows further
hat three theatres were projected last
month, al exceptional activity in this
-r@rIal class u new construction. The
0los' notable of the trio win be The Play
'nlss. he new theatre for Manager Will
an 4. Brady on the site Of the old Auto
mpuile Exchange. at iS7 20 1AS West Forty
'lEhih street, and which 10 To be OF an or
ate architectural design. difsrentiat-
.nE u appearance from that Of recent
nlsyhouses by providing two stories for
studios above the auditorium at the front
he two other theatres are To bs smaller
-dihces and peculiar for the reason that
While deS gned for sites widely separated
asy atre ~ twin design by the same
r-hTtsct in each instance, this dupli-
alton Of design being entirely unusual
he matter Of city theatre building.
To first u the twin structures IL TO 81
"aled on lS5th street east Of Eighth
avenue. the other will BE- built at the
ther end u the town. AZ 81 90 81 Clinton
street
ststist!cian Spencer's tablas show that
p" total new construction work for the
month - 70 cal 300. reprUAenting an Az
u~ga;s Of forty nine new buildings o.
vaTo.ls classification, a. compared with
W a. -D. Tspreaanting iSi new buildings.
~ which the major part =ers the eighty
I'VE tenement houses previously refsS-Sd
70" Ne cost Of which much more than
''fer- the " SEA. 90 Ioas OF capital invest
'l"r' charged to last month by Mr.. Spen-
II' f"'TuaFy record IN me alteration
- exported by Supt. Miller presents an
-nlrlai feature IN the fact that the
month total Of Improvement work in
~" alteration Classification. embraces
re -an1e Total number 81 buildings As in
% namely 23s. although the total OF capi-
Ir s@-'ment credited TO alteration i'm
Fnv@ment was greater last year than this
%" r--f~ctve figures being seei ,03S for
az month and tsOB. 7e7 In February, 1859
10" tI'erafions included the remodel
'ns ~ William Rockefeller's old style
n -'opp dwelling az No. col Fifth
''-l d" INTO an American basement resi-
deuce The transformation eliminating
u' ''t front porch; the making over q
w. terror u Ambassador Reds resi-
-''" . No ISL Madison avenue 20 pro-
ID" new library and the installation Of
"'a'or service, thsno improvements
'.' elemental TO the proposed ad-
..Ht q new stories 70 the southeastern
% '.n ~ The residences. and the conversion
10Y ''" 'alls'ln house. ons Of the old time
.-.H.' Fitth avenue dwellings. at the
''N-.airf street corner, 20 business
..' .euCy a. an office and warsroom
1.ug without materially affecting
W.. .A' isome exterior design.
'Hei 'erations OF the month also include
upDrtant theaericAl improvement In
IL a.