New-York tribune., 1911-01-08
features.

features
May this satisfactory beginning be but
the forerunner Of most healthful, vigorous
days along realty paths! Goodhys were
said 10 the old year, with the feeling
widely prevalent that the realty market
had given in a Ions period OF readiustment
a creditable account Of its stability and
that the newer wares of the speculative
builders were bound TO find a reader sales
market And now that the second week
Of the New Year is here that opinion is
firmly held.
Many individuals and concerns helped IN
focus considerable attention on realty ar
fairs last week William r. G. Gaillard
president OF the McVickar-Gailiard Realty
Company, II was learned Just as the old
year was departing. had negotiated the
Gale Of the twenty-one story office building
No. "a 90 20 Broadway and No. AZ 10 81
New street for the Forty-two Broadway
Company, 10 the New York Real Estate
Security Company recently organized. 80
the stupendous purchase involving prop
erty I'm the heart of the financial district
Of Manhattan, valued at about SSno'
rightfully belongs in the trading or the
new wear. and there It shall be placed for
future weighing a 5 to its effect on the M
vestment buying Of this year.
Mr.. Gaillard certainly bestirred invest
nent circles in a most beneficial manner
Some experts hold tenaciousy to the view
that by this transaction he has MADE
greater market for the sale Of Manhattan
mortgages 10 investors. particularly those
living many hundred miles from the
greater city. This company, Of whlch
Thomas & Hidden is president, INTENDS
IN become the owner OF many more high
Grade income properties in Manhattan. II
,s therefore. going TO be a great purchas-
ing mower in the choicest investment dis
tricts.
More Downtown Sales
This was not the only important DOWN
town transaction last week. William wal
dorf Astor bought through William H.
Whiting &. co. from Michael Coleman Nos
and 10 Barclay street, plot 50xlo feet'
covered with old three and five story ouliu-
ines, The plot Is directly in the rear OF
Nos IA and IS Vesey street, acquired hy
Mr.. Astor a little over a year ago. with
The Coleman plot Mr.. Astor has squared
Nout bfs holdings, so that he now owns IN
eIu6ine the north half Of the Astor House
ate. a total Of over 1900 square feet
Another interesting downtown uansac-
zion was the sale by Horace 5. Ely q Co.
and / y. Kauey s, Son. for Florence G.
satterwhite and Gladys Martin, OF the five
e,orv building. 3ax35s feet. at the north
east corner Of Reade and Church streets.
known as Nos 50 and 81 Reade street, to
George n. SteEe.
The property is TO be modernzed 10 con-
form with 30. IS Reade street and No. ~
Church street. a five story structure sur
rounding the parcel just sold, which Mr,
Siege bought about year ago.
Deazer Brothers sold for Jay c. Guggen-
heimer to Benjamin B. Davis the three
story building No 252 Hudson street on lot
20 exso feet. Mr.. Davis owns No. 80 ad-
Joining. and will erect on the combined plot
o six story store and loft building.
There were few bright investment areas
which did not contribute some speculative
project. some large sale or construction
operation 20 add 10 the weekly business
budget.
In the great central F!ith avenue shop
ping district. in the >resterly division OF
the upper loft section. In the S4th street
territory and the West side apartment
house zone buyers were busy.
A s1,2Oo.Ooo Exchange.
IN a trade involving property valued at
about 81, 1000 the H3tna Real Estate and
Loan Company isabella Loring) became
the owner OF the twelve story building NO.
% West 54th street on a lot 25x9ss feet
from Elizabeth A. Wilcox. II gave In part
payment the vacant plot i6oxl2o feet' al
the northwest corner OF 9lst street ana
Central Park West
The 34th street building was completed
about FIVE years ago on part OF plot ior-
neYly owned by James G. Parrish. on the
westerly half Of the plot the new structure
Of the North River Savings Bank was put
up-s two story building, which insured
permanent side light for It's taller neighbor.
The property is about $50 feet east or
Broadway. on the north side OF 34th street.
o short distance west Of the Waldorf-As-
toria and diagonslly opposite che site on
which the new Hotel McAlpin is about 10
be erected.
II is understood that the building will be
held as an investment
The glst street corner is one OF the rev
remaining vacant parcels on Central PARK
West. and was acquired by Isabella Loring
ct foreclosure sale I'm 1901 for Sl65,ooo IL Is
IN the snne block with the Ardsley Hail
and iust north Of the ri Dorado apart