New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-02-13

& Sna Oao another midtown opeiau'l'
resulted in a change OF ownership 10 %
aue Broadway corner parcel worth con
x.doranJv more than s3o9.o9o. The purchase
r. r,,il5s Restaurant Company OF two
7e-osdv-a<, buildings lust north Of Johh
e,ree- and the sale Of a number OF o'lier
ne,i located parcels in the business anu
residential zones Of the greater cltt-
The character OF The trading. TOO. IN Inc
r,o,,, mas of more than ordinary llnpor-
.sDce. a market there being iouhd lo'
,s,-.--.f rov-s of modern fathouses ana also
for some large plots, which viii De IN
nroved in the near future with uP-'o-uo'e
tenement houses. Moreover. Inc 0oi'A
deals affected more parcels than in some
weeks
once again the midtown lott centre
ee,,-aa prominently in the business Of the
1-eelz The huvins operations there showed
g broadening OF the field OF activity CHOSEN
r. speculative builders and operators Ioi
she launching Of various loft pro)ects Las
fall the speculative movement IN Nhe iieS
lift centre was most marked in that pai~
~ +be district north Of SO street ano west
IF Sixth avenue, the drift thep U'l1i7
toward the site Oh which STANDS lle Us
PENNSYLVANIA tunnel terminal Sisboii, o
KID street and Seventh avenue ~
many sneculators are busy peTfectlng the'
I'D o- north Of 3sth street The loft ouilu
e. or,a-s+fols have already reached 1he
,-4.,eaa district and the old fathouse zone
roth NJ 4ed street and west Of Broadway.
.rnong the midtown loft zone TRANSACTIONS
remarked last week were TIE SAFE CT 'to
<o7,- story brick building No 49, SeVeiilN
,-e-77e with A frontage OF IL leet OH 'ii0
svenre. Of the two i've story ieHelI-s9'''
hc7,ses Nos IS5 and Isl West I'1h s'iee''
IF No as West 25th street, front ana Te .a,
..,z-oant houses: of No. sos west -utH
-. .o,,r story building; Of Nos 26l,
q. snd 80 West 35th street, three tnre9
.-o-v er6 basement buildings, and NOS '+S
xn5 ess West 18th street q four story tens
r1ent house
coon REALTY INVESTMENTS
rcft and store buildings are among the
hest paying realty investments N MS
.-zs4er cir. As this fact becomes better
T-on-, = < o,,lv natural that there should
Greater demand for such properties
=, -he last few years sales Of such strucI-
r,-.s venresen-1ng an outlay Of many mill
,o7s have been features Of the Taoins
ci,ce the fall season new owners nave
>ee3 found for z large number or ioEt anu
store buildings. and brokerage reports OF
this kind formed some of the .pI'hclpd1
reality news items last week
The transaction involving S,9sh"" q
<.r+e5 three large buildings included IN
This class of structures. NJ haEssL' IL
MS the broker in the deal He sold 1oF
Pail 7 BonR-it the eight story building
>-os Z and II West 34th street, with
.,-.,v-a foot right of way TO S5th street 10
F-s7r Seitz IN part payment MI Sell7
~. -be loft and store buildings Nos "a
md 26 Fast 10Th street and Nos 81 anu =
t-as- 18TH street. The 3+th street oualolhs
has frontage Of 30 feet the depth OF me
MOT being 126 feet II is soosLanIlal
structure in the heart OF the 6-th street
,4irp az the central Fifth avenue feIal'
el7orpiuE district he store ana bas5l4i7--1
aorr-e ara occupied under tTenlS-oile-
ear lease by the RlksT Drug Company
IT,. der7ard for business buildings also
.-.e,,r+a5 last week ir the sale OF SIX
z.o-, Office f,uilding Nos 10 and lS4 front
s.-.a- and Of the seven story loft building
,-or 7n1 and 100 Crosby street The CROSBY
street. marcel inquired n trade, nVe new
two family houses IN Brooklyn being taken
- mart ravmert The property purchaser
r. The ChliGs Restaurant Company was
.re TWO i've story buildings Nos ls4 ana
7os Broadway. which were owned oy Ing
IT, " Soufrack estate According 70
reports the company VIII, al the eApi
rar{or7 Of the leases on the property m
800 +l,a premises 50 IS 70 have modern
-es-a,,varr on the ground floor and com
r7?odious Offices above
In +ba great West Side north Of 18th street
there were number Of important sIecIla-
tive and Investment deals Max Marx ana
AdrIph RendheLm ADDED I" their realty
l-oI-,i7ez lex The purchase through Norris
x Hahn and .. Waldo Smith rom Theo-
dore " Myers. formerly City Controller
10 the two story taxpayer" At the north
TfIa-2t u
Mr.. MIXERS bought the property in lSS- the
site is likely tn ro res"ld in ;ae near ut
urc 10 z builder
tn -vs1 f-ult SIX story elevator apart-
,--a-r house Nos - and "a West 18th
s,-ea- erected by the sun Construction
-..r9rany. also changed HANDS last week.
This house was held At $225,0" The buyer
=e client of II y. Baker < Bro other
sales or the West side affected The Doro-
--aa. 4. SIX story elevator apartment house
- Nos SO and 81 West lf1st street the
e,-o story double 7athoUse No - West leid
sweet -f.s four story dwelling house No
rs West ssth street. the four story dwell
ins house 70 l45 West s5th street. and
ffa 4re story American basement Dwelling
house 10 Il West 6Srh street
n% WASHINGTON HEIGHTS
F7rre~s % Washington ITeishts properties
were fever ia number than Ia n ipilS lllue-
This decrease in the trading there IS not
70 he considered : sign that the opportun'~
ties in the zone for SPECTATORS ana invest
c~s are con idera aly less than they we're
lset fau. Though vast areas Of the dis
-~iot have been transformed in recent Years
into = worthy annex of the big apartment
f~g-z- district Of the West side. the develop
rr,err q this me area Of land on . bigger
7-s greater scale than the early builders
of spartGnent house structures ever planned
HIS really Just been begun
There is really no district nt the cry
with > brighter future than this attractive
residential region. n 4 week or TWO there
IS likely % ba d big increase II the sales
IN the zone. and many experts think that
the Washington Heights and the DyckLnan
,-ect{ors are going 70 furnish the greater
part o. the business in the coming spring.
The transactions III the zone last week
included the sale II plot OF about folr
,ore - The northeast corner Of Pinehurst
avenue and 17eth street 70 = company
which ziu erect on the site a siA story
eIe-ator APARTMENT house o. the FIVE story
fstbouse No E79 West 18th street and
IF the Two new Ian houses Nos 5l5 and 5l8
West l55th street.
IN the near future large numbers of bIok-
crs All De ulsy Trying "a md suitable