New-York tribune., 1910-01-23

Speculative buying Of considerable mag
nitude in the Dyckman zone. the most
northwesterly district of Manhattan Island
the leasing OF block front in the Times
Square section for sixty-three years, and a
transaction involving s7oo.ooo and affecting
thirty lots on Washington Heights and sew
ersl West Side fiathouses just south of 125th
street. were features of the real estate mar
ket last week Moreover. there were report
ed a $4,000 midtown loft deal. the pur-
chase OF an upper Fifth avenue house near
the home of Andrew Carnegie, a change OF
ownership 10 West Seth street house val
ued at 100000. the purchase by the Mon
tehore Home. one of the largest Jewish
charitable institutions in this city, OF
tract of a little more than fourteen acres
in The Bronx site for a new group of
buildings for the institution the sale of
S6eo,o06 site in The Bronx 10 the govern
inent as site for a general postofffce and
some important transactions In the central
Fourth avenue retail shopping and business
centre and in the new midtown loft district
The Pennsylvania tunnel terminal zone
forms part Of that new midtown loft area.
So vigorous was the market last week
that there was scarcely a district on Man
haitian Island which did not figure in the
volume Of business transacted.
That many well known spectators would
likely become active in the Dyckman dis
rrict before Spring was the consensus OF
opinion in realty circles some weeks ago.
AT a recent meeting of taxpayers Robert E.
Dowling president of the City Investing
Company; John n. Golding and some other
prominent realty men called attention TO
the many opportunities for spectators in
the Dyckn1an region and prophesied that
large ana rfrOenf houses would he built
there. Nevertheless, the majority OF per-
sons connected with the market were sur
prised last week by the purchasing opera
tions in the district overshadowing for sew
eral days the business reported in the big
residential and commercial areas of the
greater city. In truth, the boom times"
in the Dycknlan district arrived earlier than
generally anticipated, and in the initial
stages Of the movement, apartment house
projects were launched.
FUTURE OF THE ZONE.
What the zone is destined TO become was
clearly shown by several transactions there,
ore OF them being the sale by Hall j.
How & Co. to the Hensle Construction
Company of the entire block front on the
south side of Emerson street from Post 10
Sherman avenues. plot fronting 80 feet
on Emerson street and measuring 100 feet
in depth The Post avenue end of this plot,
I75xloo feet, was sold by the Manhattan
Real Estate Company, and the Sherman
avenue end, 1S5x1oo, by r. Clarence Dor
sett.
On that site, which is just west Of the
207th street station. the Hensle Construc-
ton Company is going 10 erect two six
story elevator apartment houses, each l55x
70 he Srr lchor
these buildings, il was said by one of those
interested in the project that the buildings
will be OF as high class as any of the SINH
lar houses put up within the last two years
on Washington Heights
Hall J. How & Co. also resold for the
Realty Operating Company the plot, 112x
1eoxlOx1o, on the west side of Tenth ave-
nue., 244 feet south of Emerson street, to
the Charles Hensle Construction Company,
which will erect two apartment houses,
with stores, on the property
Gustavus L. Lawrence was also numbered
among the buyers In the zone last week
He bought through Hall ]. How & Co from
Daniel B. Freedman the block front on the
south side of N5th street from Broadway
TO Tenth avenue, plot with a frontage OF
125 feet on 215th street 81 feet or Broadway
and 100 feet on Tenth avenue, with an ir-
street subway station and is considered one
Of the choicest parcels in the section Mr..
Lawrence also bought the five lots at the
northeast corner of Tenth avenue and 2osth
street.
ON WASHINGTON HEIGHTS.
The demand for parcels on Washinston
Heights was reflected last week bv the
purchase by Charles NJ. RosenthaI from, the
Flelschrann Realty and Construction Com
pany OF the plot of five lots at the south
west corner of Amsterdam avenue and 18th
street, with frontages of 1ie 10 feet and 100
feet, respectively; the block front of eight
lots on the west side of. Amsterdam ave-
nue., between 176th and 177th streets 1873 1ox
100 feet; the four lots at the northwest COR
ner OF Amsterdam avenue and 177th street
With frontages of &4 and 100 feet re-
specuvely. These parcels are part of the
ola Juvenile Asylum tract, which was cut
up few years. ago, and a large part Of
which has been improved with apartment
houses.
he also bought from the same company
the block front OF eight lots on the west
SIDE OF Seventh avenue. between 10th and
list streets, 199.10x10O feet and the plot of
five lots on the north side Of 14sth street
100 feet west of Seventh avenue 125xs11
feet.
II. Rosenthal recently. bought the old
Fordham Hospital site, al Aaueduct and
Tee Taw avenues and lsOth street. in the
West Bronx, comprising forty-four lots