New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-03-06


last week in the real estate market.
.chrrc were important purchasing and
h.sidine operations in nearly all the specu-
lativs and investment zones which have
figured prominently this year in the trad
in: For some months there has been
his demand for sites Immediately available
COR Improvement with business structures.
\ leading feature of the week just ended
vas sales of sites which will be improved
with such structures
That the lower and central Fifth avenue
zones have lost none of their attractive
ness 10 investors was shown last week
h1 the value Of the properties in those dis
tricts which changed hands In the CEN
tral Fifth avenue zone Joseph J. Slender
added 10 his realty holdings by the pur-
chase OF the Murray Hill Building, new
twelve story mercantile structure. No.
IN u West ssth street. He purchased the
property through Tucker. Speyers & Co and
David H Human from the Fifth Avenue and
Tll:rty-eighth Street Realty Company OF
which William r.. Wheeler is president A
wear ago there stood on the site. which has
2 frontage Of % feet g. row of old-fashioned
dwelling houses On March s. 1909. the
Fifth Avenue Realty Company purchased
the ground from Incorporation Counsei
Rives. Thus. within year the site mas
been improved with q me HloucIh lAiei So5
tile structure, which has been completely
rented and sold TO investor. The struct-
aIre has nearly all the advantages of
corner building as il is separated from
-he buildings on the east by a 12-foot
eIev Nh Stein6le- has made several other
large realty investments this year. MS
previous purchases being in the apartment
house zones on the upper West SIDE. A
week ago he took title TO Victor Han. an
eight story apartment house, No 80 " est
IfSth street.
in The lower Fifth avenue district 'he
trading affected Nos. i02 and lOi F1fth ave
rue The property No. lo4 Fifth avenue
oornrr;ses q three story dwelling house and
a stable in the rear. the avenue frontage
being 9ez feet It is separated from the
sixteen story mercantile building al the
northwest corner OF 18th street and fifh
svenue by the premises No. 100. The
sixteen story building is owned by MI
Botbschild He purchased the parcel No.
IN. AT an auction sale held in the Reai
Estate Exchange salesroom from the 1us-
tees of the Joel B. Wolfe estate for SlSl-
npn At the same sale William H wilson
bought the premises No. ie6 Fifth avenue
for H4s,5aa The Westleigh Realty COM
many bought the premises No ltr at private
sale, 1t was said that Mr.. Rothschld mao
practically completed negotiations Aoi nv
purchase Of that parcel.
In srI near the central Fourth avenue
district a number of large speculative deals
were made. About a week ago Jacoo
Neadle bought the premises Nos a73 ana
"a F,ourth avenue. 3e.3x7n feet with an
!. 4oyeSe feet extending to Nos. 1e- ana 1"'
Fast esth street
Sale Involved $4,000.
Last week the Sea board Realty 'o'hpahH
purchased through Clark 1. chambers me
&eadls property and also the NorualIu'
PALMER estate plot. No 34S TO 251 Fifth
avenue northeast corner of 10Th street
The estate property has frontage OF w
Go, q, tho avenue and o. feet in the street
,f,o,,t --5na0 was involved in the trans
action. The Seaboard Realty Company
has 40 plans for tn Improvement OF the
combined parcels. 1t will probably erect d
b,,;1dire on the site when the present leases
on the premises expire.
4 market was also found last week lo'
.1e f7anzxood. a six story apartment house,
Nos. 1l2 and IL East 18th street. 1t was
sold h, I r Waksmar for Herman Nroh- /
kov to a builder. who will erect on me
site a loft structure at the expiration OF the
leases The marcel abuts the new Borsteldt
Rui1ding at Irving Place and 18th street /
The rropertv was held at Sl75eft This
nrooosed structure will increase the MUM
,.r NJ modern mercantile loft buildings in +
the heart of the Irving Place zone
MANY sites in the midtown loft zone also
changed hands last week Ne" owners
go found for the seven story structure
Ne 157 70 ISL West oath street for the four !
story and basement stone front dWeliins
house No Is Nest 9Th street. for the four
storv and basement dwelling house No 30
TK-ac- 9th street for the plot Nos. lle and
1an West 9th street for the five story
tuildins No IS West 21st street. for parcei
No 12s to 80 West 22d street and Tor the
three story dwelling hous" No IS west
as+h street The buyer Of No Is west Z''h
street Is Charles Haye. He recenuF Pur-
chased the premises Nos. L and Il. adj"ln-
~ He will erect on the combined site.
n,Fich has a frontage Of ~ feet. sixteen
story loft structure at the expiration OF
the -,resant leases 4 twelve story lott
b,,,ldinc will be bull on the premises Nos.
rs a,,d 800 West 9th street. That site was
sold by the Realty Holding Company 10
Gordon Brothers. of Brooklyn EiehI
s,,;1a- structures have been built in 9th
street between Sixth and Seventh avenues
in q little more than year
Another twelve story store ana iol'
structure will be erected on the parcel No
7as "a 40 West 22d street The property
Fieischrnann Brothers Company. J ne
MARCEL has a frontage Of 56S feet
On the West Side
The 1icor Of the market for properties on
the West SIDE north Of 59th street was
clearly indicated by the many important
transactions affecting sites in the district
,enorted last week. y trade there lnNoiN-
ing about sS00ogo was the purchase by
Arson Phelps Stokes from Alexander Nc
Dowen through Arnold. Byrne & l7au-
mann. Of the Willard, ten and one-half
story family hotel Nos. - and "a west
18th street on a plot 55N105 feet. The hotei
IS of fireproof construction and was quilt
by Mr. Mcdowell about seven years ago.
II * leased 10 the Hotel Cecil Company
for tp erty-onc years at a net rental oi
81 coo a year. Mr. Stokes acquired iht
rroperty as an investment In part pay
mont he gave seventeen houses, with bout
f,-e acres Of land. Al New Brighton. staten
Island Mr. Stokes also bought last week
The dwelling house No. 260 Vest 18th street
Another Dig West Side transaction last
week VAS the sale 10y Joseph y Day Tor
tn Norga,l estate To syndicate OF The
r,l., a. tbe south -.I'leT OF Central PARK