New-York tribune., 1910-01-09
BUYING In MIDTOWN
SALES IN CENTRAL BUSINESS DISTRICTS
FEATURES OF TRADING
Aacteness Of Many Cross Streets to Little Store Keepers
Important Deals IN FifA Arcnue

4 fair volume OF business was trans
acted last week in the real estate market
There were a number of important deals
I'm districts in which large numbers of
operators and investors have been prom
inent for some months. The trading also
reflected a noTthward movement of specu-
lators and syndicates into that alluring
realty field bounded by 30th and 50th
streets, Fifth and Eighth avenues.
The rapidly growing popularity OF the
cross streets OF the great midtown retail
business districts as shopping thorough
fares was clearly shown by the purchas-
ing operations in West 22d street. 1t is
likely that some of the cross streets Of
the central zones a little south north
OF such arteries of trade as 23d, 34th and
sd streets are going to form business lanes
OF greater attractveness to many shop
keepers.
The creation Of the new loft centre has
largely added to the number of little re-
tail stores in central sections, as most Of
the new loft buildings constructed in the
last few years have large ground floor
stores, suitable for wholesale merchants or
retailers Many little shopkeepers have
grasped the opportunities thus afforded to
have commodious and well located places
the majority of tenants of those ground
floors
About five wears ago there were only a
few retail stores in 22d street west OF Fifth
avenue. Many are there now. If the street
west of Sixth avenue should become as at
tractive 10 little store proprietors as that
part of IL between Fifth and Sixth avenues
an interesting addition TO the small shop
ping lanes of the greater city will follow.
change Of ownership to several parcels
in 22d street between Fifth and Seventh
avenues was reDorted last week. The estate
of Hamilton NJ. Neiley and the Glassford
estate sold to a downtown mercantile con-
cern the four four story dwelling houses,
on a plot 75xloO feet. No. 11S to 124 West
22d street II was reported that the site
would he improved with big loft building.
]. Randolph Jacobs also bought last week
the adjoining premises, No. $50 to 154 West
22d street.
Samuel x. Jacobs. of Walter Emmerich
& Co. ribbon manufacturers, also figured
prominently in the trading in this street
last week. He bought the four story build
ing Nos. % and p West 22d street from
Jane X. and Sarah G. Fraser and Thomas
{. Clarkson. The Fraser house is on a
lot 26xsS9 feet and the Clarkson house on a
lot 256x9S9 feet Mr. Jacobs bought last
West 22d street, and therefore now controls
a plot fronting 1910 feet and having a
depth of as 8 feet.
MITCHELL BUILDING IN A TRADE.
Another important transaction in central
districts reported last week was the sale h.
George Il. Read & co. for Michael Cc.eman
Of the Mitchell Building. an eleven story
and basement loft structure Nos. a and 43
West 25th street, on plot -9x9S.9 feet. to
Joseph Meeks- In part payment Mr.. Cole
man took Nos G ald 10 Barclay street, one
four and one five story building, on a plot
50IxlG09 feet. The value of the property
in that deal was reported 10 be about
S60a00O
Other transactions in the midtown loft
centre included the purchase b. Henry
Jellman from the Mary Caroline Clark es-
II tate Of the premises No. 14S West 9th
street. a five story tenement house, on a
plot 25.2x9S9 feet. and the sale by the
henry NJ. We'll Company for the Mann
heimer estate To Henry Hamburger of the
four story dwelling house No 40 West
2sth street
The purchasing operations just north of
the district I'm which speculative builders of
loft structures have been so active since
ownership 10 No l42 West 34th street for a
little less than the asking price which was
sos ona: 10 No. 80 West 34th street. -four
story and basement higIi-stoop dwelling: tc
No. 23s TO 242 West 37th street, two -four
story dwelliVg houses and to several other
properties.