New-York tribune., 1912-04-14
OLD SECTIONS POPULAR
Larger Number of Big Traders
in Familiar Places.
SPACIOUS LOFTS PLANNED
Good Volume of Business in the
Downtown Office and Whole
sale Districts.

throughout the various districts OF Manhat-
tan and The Bronx. They are in largest
numbers In those sections which in recent
years have been unusually busy in changing
their old building form for modern struct-
ures or increasing the area of their up-to-
date apartment house centres.
The building expansion in the newer lott
zones in midtown continues with as much
Eest as If its power there was not already
plainly visible in every avenue and IN every
cross street
Those who prophesied that ii would come
to an abrupt stoppage early this year are
not quite so sure now that II will do as
they thought. Manufacturers are largely
responsible for the length of days of these
midtown operations They have found it
pays to do business under conditions pleas
ing 10 their employees and customers.
Dilapidated structures may make familia-
landmarks, but they do not make good fac
tories So the scenes of pulling down old
buildings in midtown and replacing them
with we'll built. splendidly lighted and eff
fciently managed lofts is likely to continue
until the majority Of manufacturers in Man
haitian are housed in the best possible man.
ner that the present times afford.
There Is more realty activity in the down-
town Office and wholesale trade marts than
in many months. Have you noticed II?
Maybe you have been too busy keeping
firm grasp on the situation in the various
divisions of Madison and Lexington avenue
or in the West End avenue territory, which
Is ever enticing to apartment house build
ers, or in Park avenue, north Of the greater
Grand Central station, where the CO.
operative apartment structure f1ourlshes
more quickly and more abundantly than IN
any other part Of Manhattan.
Brody Adler & Koch bought last week
TIE old buildings Nos. 81 New street and
Nos % and 25 Beaver street from the New
and Beaver Street Corporation, of which
George Rosenfeld is president. The site
which has a frontage Of 65.2 feet IN New
street. 4e.5 feet in Beaver street and with
an east line Of 1920 feet and an irregular
rear line, will be improved by the buyer
with a sixteen story Office structure.
Opposite the property is the Produce 'F'x-
change.
Among other downtown properties re-
Gently sold were Nos. 80 and "a Murray
II street the southeast corner of Washington
street Nos. 4s1 and 4S3 Pearl street, adjoin-
ing the premises at the southeast corner or
CITY Hall Place and Pearl street, No. lO2
to los Pearl street, No. TO 15 Old Slip and
No. 6S Water street, besides Nos. 81 and u
Park Place and No 23S Greenwich street,
being two four story business buildings at
the southwest corner. plot formed by the
intersection of Park Place and Greenwich
street.
The upper Pearl street site faces the new
efv.c centre In the heart Of which is TO be
the proposed courthouse. 1t was bought oy
the Rudolph Wallach Company, whic1
therefore has one Of the best speculative
properties in this old part Of the downtown
district, where many millions for construc-
ton work will be spent within few years
Nassau Street Projects.
Nassau street and some other we'll known
downtown streets were heard from on sew
eral occasions earlier this year. and most
of their reports We're that some important
changes in their skylines We're to be made
this year. Thus the downtown district Will
soon be profitable place for fair num-
ber OF building concerns, as it Is for wide
awake buyers.
The size of the Woolworth Building may
have frightened away from the section some
speculative builders, but there are still
enough stout-hearted and brainy ones there.
"a few years hence there will not be suffi-
oient space in modern Office buildings to
meet the demands, unless more building
projects are launched" say many experts.
Some Of the big midtown properties sold
In the last two weeks and the names Of the
buyers are as follows:
Three old dwelling houses No. 40 to ba
East 2lst street, on a plot 74xsS.s feet. to
George z. Gibson syndicate.
Two old dwelling houses. Nos. 1872 and 134
West 22d street. on plot S9.7xsSs feet, TO
the Victoria Building and Constructing
Company.
A four story dwelling house. No. 1s East
oath street, on lot 25xl0o feet. to the Car
Isle Construction Company. Of which Ed
ward Freedman is president, and which
recently bought the adjoining parcel, NO.
q to 25 East 24th street, 5oxl0o feet.
Old buildings, Nos IL and 13 East 26th
street. and Nos. and East 9th street,
with a frontage Of $50 feet on both streets
and a depth Of 1916 feet to the Flemish
Realty Company.
Old buildings, No. lis to 123 West 18th
street, on a plot 92x67x5O4 feet, to the 10th
Street Realty Company.
A five story building. No. l4s West SOth
street, on lot 25x9S9 feet, to the karnacK
Realty Company, OF which Alexander Allen
"a president and which lately bought Nos.
1R and 147, 5ox93.9 feet. adjoining.
Two old dwelling houses Nos. III and l23
East oath street on plot boxsSs feet TO
the D. & NJ Company. controlled by NULL
ken e. Moeller. architects.
A four story building No 352 Fourth ave-
nue., on a lot 199x75 feet. together with the
abutting proc rty, No. 53 to SO East 18th
street. on a plot 1OOx9s9 feet. to Israel Un-
terberg.
All these sites are to be improved The
height of the proposed Fourth avenue
building is not known. The other struct-
ures will be twelve stories. with the excep-
ton Of that to be put up by the Carlisle
Construction Company. which will be six
teen stories.
That building list does not indicate that
the midtown business is less vigorous than
h was some months ago. 1t is just as big.
n not bigger.
In a recent s1.75o.00o trade negotiated by
Albert B. Ashforth the American Real Es-
tate Company got the Arena Building Nos.
s9 and West 81st street and Nos. 3S and
20 West s2d street 1t gave some uptown
Manhattan and Bronx parcels in part pay
ment. Moreover. a syndicate OF investors
Of Erie. Penn. bought the new twelve story
loft building No 20 to 33 West 33d street,
on q plot 65x9S9 feet The syndicate gave
In part payment 500 Flatbush lots.
Harris & Maurice Mandebaum also lately
bought the fee of the land No. 80 Union
Square, so.6x150 feet. on which is the Decker
Building.
Then there was recently reported the
sale Of the Hotel Albany at the southeast
corner OF t1st street and Broadway. to
Irving Griswold. That and the other sales