New-York tribune., 1910-05-01

There have been few dull realty days this
-esr in the high class West Side residen-
ri9l districts. Nearly every week the trad
ing In the districts has heen 2 feature of
the market Investment buying and specu-
lstive purchases have furnished many I'M
portsnt real estate news items. Some of
the deals have affected some of the choicest
apartment houses in the city. some Of the
finest vacant plots with large frontaEes on
Riverside Drive and Broadway and many
modern dwelling houses.
The high class character Of the trading
will he quickly seen by referring 10 the
brokerage reports relating TO transactions
made in the district this wear. together
with some Of the principal apartment struct-
ures - be erected there, for which plans
we're fled II, the last three months,
Es-Iv n the year u looked as il the long
expected invasion Of big and small builders
IN the Dyckman district which forms the
most forthvesterly zone Of Manhattan Isl
end. had arrived. For several days the
pvckrsn deals overshsdoWed the purchas-
tns operations not only on the West SIDE.
but in every other attractive speculative
and investment region. In that short rerioo
many block fronts in the DyCkman terri
tory changed hands and some faT-seelng
tpcCulators reaped handsome profits.
The pvckman trading vas also marked
BY the entrance into that district as buy
ers Of some Of the largest property owners
and builders Of the city. One Of them was
Henry Corn. who has PLAYED such an i'm
rorrant part in changing the physical char
srteristics OF the lower part Of Fifth ave
nue.. the central Fifth avenue district and
tie central Fourth avenue wholesale and
retail business region. There is bound TO
he 2 reawakenng Of greater activity In
the Dyckman district before many months,
as some of the big lending companies have
announced that they will lend large sums
Cor building there. Other large lending
companies have already contracted TO fur
nish sufficient funds for the carrying out OF
enertrnent house structures in this part OF
the city.
Sig builders are now there, and there Is
70 longer any question. IL any existed, as
IN the future OF this fine stretch Of land.
II Is going 60 be made into worthy an
rex OF the Washington Heights residential
zone and so quickly that within a few
years nearly all the choice plots in The
region will be dotted With substantial apart
r,ent houses.
Investment District of Power.
Owing 80 these facts, this is one OF the
most aliuring investment districts OF the
greater city. Here there are no Ions rows
Of rsmshackle houses 10 remove TO make
way for this construction work. The cost
of orerstions will only he the expense of
eKcavatins and the cost OF the building and
the land.
The building tables clearly show how
active are builders in the West Side dis
sricts At the southeast corner Of nth
street and Audubon avenue the HightstoWn
Construction Company is going 10 erect
scan0lo six story apartment house. A s215,-
On apartment house will be put up BY the
Uaumegan Realty Company At the north
cast corner of 164th street and Fort Wash
tnSton avenue. The Tuscan CONSTRUCTION
Company will spend about $4,000 in erect
ing a six story apartment house on the
casterly side of Claremont avenue, 800 feet
north of l2od street Ferguson Bros d
Forehav will invest $500 oao i'll the erection
Of twelve story apartment house al the
northeast corner of 9Sd street and River
side Drive. The Guide Realty Company
~iII erend 8HnHp in putting up a twelve
1rory apartment house ct the northwest
CORNER nf ssth street and West End avenue,
and al the southeast corner Of 146th street
Hnd Riverside Drive the D6corn Realty
COMPANY viii erect 27no,ha9 ten story
apartment house a $4,000 investment Will
be represented by the erection of six