New-York tribune., 1910-09-25
Trading IN THE REAL ESTATE MARKET
Purchase ny lanes Speyer of Upper Fifth Avenue Pint
Feature of Last Weeks Trans actions
BIG PLOT IN GREENWICH VILLAGE sFc1,ou co, =

Much activity was shown in the real es-
-s-e market in the beginning OF last week
x-hich gave premise that the usual dr1,-
-ess of the summer months was over. The
latter part OF the week. however. found
g.tle business done. and the sales Of in
.a-sst reported were few and far between.
Probably the most interesting announce
-nent was the purchase by James Speyer
oe the FIFTH avenue plot. near g7th street
ss q site for home in the future II Is
e-Sdent that Mr.. Speyer is preparing him
sell for the steady eacroachment Of busi-
ness IN the Murray Hill section. where Re
-ow resides, at No. - Madison avenue
4 Is said that he has no immediate idea
Of abandoning his present home and that
-he buying Of the Fifth avenue property
was Tor the purpose of making a move in
case the commercial expansion grew too
strong
Several million dollars has already been
spent on preserving the residential charac-
ter OF the Murray Hiu section J. P Nor
gar 8 few years ago purchased the Dodge
snd stokes properties. adjoining his own,
AZ ssth street. George F. Baker last wear,
with some neighbors, including Mr.. Nor
gar. paid nearly s.. 100000 for the northwest
cornsr Of Madison avenue and 3Sth street
where work had already been begun for
The erection Of a twenty story Office build
ing Fine dwelling houses were 10 take
the place OF the proposed business struct-
are. but the vacant plot Is stin TO be seen,
with a big hole dug for the foundation for
.he Office structure
A hard fght was waged By the neighbors
FOR the prevention Of the erection Of the
Cameron Building, at Madison avenue and
ssth street. without success. The case was
thrashed out in the courts. The Fifth ave
nue. parcel purchased by Mr.. Speyer is near
the Carnegie and Phipps homes
Greenwich Village Plot Sold.
A transaction in the lower section Of the
ciry OF Importance involved a corner at
Wafer street and Coenties Slip where a
ar-1 in the neighborheoG proposes to build
a. eight story building for its cwn use
An interesting transaction in the Green
xich Village section was that negotiated
by Cammanu, Voorhees-John H Dye Com
fary OF the six three story dwelling and
tenement buildings at No. 634 TO 642 Wash
srrton street stretching from the Barrow
street corner and taking in No. $50 Chris
-ouher street. forming q plot OF $500 square
feet. Mary O Newell was the seller OF
the property
The early part OF the week found much
trading IL The Bronx In fact much OF the
business was done there. Among the pur-
chases IN this section was 2 three story
frame building al No. 177O Washington
avenue, on q plot 27x110 feet, between
z74th and z75th streets. The property has
rot changed ownership IN more than fifty
years
Among the building plans. those fled for
8 81. 600 oOa apartment house at Park ave
ne and 18th street were easily the feature
7 is 10 be twelve story structure, with
facades os brick with limestone and
-erra Gotta trimmings in the modern Ital-
ian Renaissance, with four electric passen-
ger elevators, refrigera1ing. heating and
vacuum cleaning plants. large laundry in
TIE basement, with steam dryers and all the
latest electrical appliances for washing and
ironing. The house VIII hold forty-eight
families. A = Janpole IS president Of the
No. SIS Park Avenue Company, which viii
build and OWL the structure The archl-
tects are George and Edward Blum
Much Activity in Leasing
There was much activity in the leasing
h-anch OF the real estate market last week
Tbe volume Of business was large. Among
fhe features was the renting Of an entire
eight story building now under course OF
oensr-1c5io1 az Lafayette and walker
streets 10 tie Stanley Works, hardware
rEsuusaceurers OF New Britain, conn
Nonev 70 loan is still far from being as
p,enttfrI as il might be. Few building
losns were reported and permanent loans
are hard 10 get