New-York tribune., 1910-02-06


These transactions, together with the re
awakening OF interest in the Yorkville dis
trict. formed the leading feature OF me
trading IN the week It was not week
IN which the volume OF business was un-
usually large. or one Of many spectacular
deals
The purchasing operations, however,
j showed that real estate conditions were
not only stable. but were resulting IN an
Increase in the number of projects !or
improving sites with big business or apart
n7ent buildings.
The transformation work in the midtown
loft districts which has been a feature
there for g long time. is rapidly being OK
tended 10 Ihe district north Of Greeley
Square and west OF Broadway. This part
Of the city. Judging from the extensive
hrJvine there. is destined to become one Of
The largest loft zones of the greater city
unless steps are soon taken by Spectators
IN improve many large sites there with
modern apartment hotels
When the tunnel plans Of the Fenasyl-
venia Railroad were announced some years
sgo many real estate experts predicted
that the greater part OF the district north
: Of 18th street, west OF Broadway and south
of Herald Square would in about I'VE
years be dotted with fne mercantile struct-
ures and that the zone just north OF the
Pennsylvania tunnel terminal station would
prove q most profitable field in which TO
create new hotel and amusement centre
Trains viii soon be running through tie
Pennsylpania tubes. and yet there are no
signs fof the drawing Of many plans to
unsks the region just north of the tunnel
terminal station & big hotel and anuse-
uaent centre. The tendency Of the times IS
toward the enlargement OF the great
amusement district Of which Times Square
Is the heart. and In that district large
number OF projects for improving big sites
with restaurants and theatres have been
perfected recently.
The area Just north and south Of the
tunnel station are two Of the most artrac-
&rve regions IN the greater city Cor the &C
ttrities Of speculative builders OF business
structures, and these physical ellurements
~ the section are apparently becoming
better known each week 1t is said that
the demand OF business houses for more
modern mercantile structures is larger
than generally thought, and that no other
region OF the city VIII lend itself 50 easily
- the launching Of projects for the Chang
ing Of skytnes in response TO that Genand
es the new midtown loft centre.
The trading last week in the new mid
town loft districts resulted in change of
ownership to the premises No. 156 TO 142
West 37th street, 10 Nos. 2l9 and 22 West
sSth street, to No. 2o9 West 10Th street
end TO Nos rs and 130 west 22d street.
The S7th street parcel, which has front
age of rs feet 2n0 feet west OF the Broad
v-ay corner parcel. was purchased by I.
Randolph Jacobs, who has figured pronli-
uently in important purchasing operations
IN this district for mony months.
by Mary Macdonald to a building loan
operator and then to John 2. Walsh, who
is going TO erect on the premises an up-to-
date loft building. The 10Th street site
was acquired by Henry Hellman, who
Gently bought No. 2o7. adjoining, and now
- rontrcls 4 plot with &, frontage Of 80 feet
= spoUt 10 feet west Of Seventh avenue.
A POPULAR STREET
r. One of the most popular streets in the
new midtown loft centres continues TO be
I'D street There was reported last week
> sale in that street of the premises Nos.
126 and I28 for the estate of Samuel r
White and Of No. 130 for CeIestine Pre-
ferre. of Paris France This plot adjoins
on the west the 75-foot site re-
Gently bought by the State Realty and
Mortgage Company from two estates and
l-Tesold 70 the Brunswick Realty Company,
IF which Robert P. Zobell is president. a
twelve story mercantile structure will be
built in the near future on the lot held
bv the realty company
There was considerable activity last week
on Washington Heights. One of the trans
sections reported involved about $4,000.
That deal affected the site occupied by the
Nontefiore Home The property comprises
the square block bounded by Hamilton
Place. 138th and 129th streets and Broadway,
ard also the block front on the east side
t,f Hamilton Place, between 13Sth and 139th
streets. The block front has q frontage
of 1873 feet II Hamilton Place, 11s-5 in
l5Sth street and 69.S II 139th street The
block measures 1910 feet in Broadway,
2a3fo in 18Th street, c171 in hamilton
Place and 12s IN 13Sth street. The prop
erty was bought by Leopold Kahn, builder
Of the ChatsWcTtl- Hendrick Hudson and
some other large apartment houses. for
improvement with high class freproof
spartrlert houses
The institution has occupied the premises
for many years. and II H-in stay there until
new group Of buildings has been erected
for its use on d tract Of fifteen acres 'front.'
ing or Gun Hill Road, east of Jerome ave
n7le. The Bronx which il recently bought.
Hall J. How & Co. were the brokers in the
transaction.
other important transactions on WASH
irgtcn Heights last week were the sale OF
the tro six story apartment houses, Nos
rs and 224 West 14sth street; of the six
story elevator apartment house No. so
West Iz4th street, and of the four story
and basement dwelling house, No II St
Nicholas avenue. Il. 4. Baker & Bro
negotiated the I44th and 146th streets deal.
The buyer Of the St Nicholas avenue
house is the new real estate firm Of Ennis
4 Sinnott That was their first purchase
COOPERATIVE APARTMENT PROJECT
The popularity OF the cooperative apart
rnent house district in Park avenue, just
north OF 59th street, was reflected by the
purchase Of another site in the zone for
Improvement with q cooperative house
The proposed house win be fourteen stories
high and Will ocupy the site No. 100 10
712 East e2d street, at the southeast corner
of Park avenue. The plot fronts e little
over so feet on Park avenue and little
more than LIZ feet on the street. and COM
prises about 10,0gO square feet. The house
uiu be built from plans by Herbert Lucas
for e syndicate represented by Pease &
Gilman 1t is said that the operation viii
tryolve over 100000 and that the proposed
structure vii have unusual light privileges,
IS the building being erected from plans
by the same architect On the adjoining cor