New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-15

,aumc or Ito''S S''7''''" - N''i' NNNNa
,.ios and leases and building projects
"a, this season of the year.
,ri.tv was the most striking charac-
.sdc of the trading and of the con-
...,,,op work. and IL is going to con-
.,. ,o bc one of the most important
s..,rrcs Of tho market throughout the
..,co fall season. and maybe it will last
np,g the carly spring.
o,s,ity. TOO. is likely to be plainly dis
..,rlhle ln that period. but quantity and
.,,scellancous business will command the
-.o,, attention unless present tendencies
.,,,id change abruptly, In other words,
.ss,c will be many widely separated
.,o,ps Of buyers and builders from Bowl
-, Green to .he Harlem River, and north
:, che Harlem River similar conditions
in o-cyan as in Manhattan. Not a
...,;on OF Old New York will escape these
r-or,ised realty operations. and there
o., tho area % activity will be un-
rsr,lfy broad and long, with ever in
e-.sdnr numbers Of small buyers adding
80 ne bis volume OF miscellaneous bust
ness
o,6 familiar places are bound 10 show
-. igor and consequently new posi-
sr.,ies from the point OF view Of the in
,,stor and speculator. The newer sub
sections. particularly the lower Lex
,.,,,n avenue. are constantly adding TO
A. seductiyeness and drawing within
,A,,r extensive boundaries more and more
,cvcrg. Their realty progress will fur
r,sh many analytical studies this fall.
srch old favorites as the central Fifth
,,cnr. retail shopping area. the mid
,owp ror, section end the great West Side
,nsr;ment house bailiwlck will also be
MOI .llurins in the fall than at any
otler Tine this year
Lave Broadway owners were consio-
cred about ten years ago 10 be the most
sortunate Of all landlords. Then the ma
io,i,y OF them forgot TO alter their build
;rg. IN suit modern business conditions.
with the result that wholesale removals
tror, the section took place, the tenants
Incoming settlers in the new centrally
heated loft regions. This lesson has cost
,seso ,srdy Broadway owners stagser-
'pr sum. and scores are already consider
irr plans to raise the earning power OF
ths,r realty holdings That means they
are soon going 10 improve their build
ip,s and many familiar landmarks with
modern loft structures Those persons
vho carly become identified with this up
building will be in position TO get larger
profits than the late corners in this helo.
Most Of the bis leases written last
week affected midtown properties.
The United States Trust Company
lsased for Mrs Madeleine Force Astor the
me story and basement store and lott
building Nos. % and 80 West gath street
10 the United Cigar Stores Company
The lease is for a long term OF years
and will bring an annual income OF s2Sv"'
The tenants TO pay all the fixed charges
including taxes and water rents. The
property is in the new retail shopping
centre and occupies a plot 45xss.9 feet.
The United Cigar Stores Company sub
leased to Charles G. Co., fruiterers,
small store on the Vanderbilt avenue side
adjoining the corner OF 42d street, OF
six story building the New York Central
Railroad has contracted 20 build for the
cigar company The lease is for perloo
Of thirty zone years al a rental aggregat-
ing 10000
Terms we're agreed upon for a long
lease Of the Hotel Endicott. occupying
the block front on the west side OF. Co
lurnbus avenue. between slst and ga
streets by the trustees OF the Marshall
0. Roberts estates, owner. The lessees
ere julius and William Manger. The
transaction will have TO have the formal
approval Of the court.
The Endcott is a seven story structure
built about 1880. II has frontages OF Dt.A
fset IN Columbus avenue and l% feet lh
list and SD streets. The property Is dag
oaaly opposite Manhattan Square.
II was also reported last week that
nstotiations were practically completed
for the leasing Of the home of General
Lloyd S. Bryce, at Nos 1923 and 1875 Fifth
avenue. between Sd and s4th streets, on
lot Axloo feet Before sailing for abroad
this summer General Bryce left the
structure TO rent AZ $4,000 year.
The ]. f. A. Clarke house, at No. lOif
fifth avenue, on lot 25xllo feet, SIX
story American structure. furnished, was
leased for $4,000 year by Douglas Eli
man Co. and the Horner Company TO
Mrs j. r. Druillsrd. sister OF PAU
eoTg. who Will occupy the house for sew
eral years.
Tease & Gilman leased for Mrs. j. W.
a. Cardeza. OF Philadelphia, the new nve
siofy American basement dwelling house
NO 1915 Madison avenue The ADJOINING
hepse. No. 1913, was recently sold by the
ZANE brokers to Judge Ward.
on the West Side an apartment house
IN 18th street changed hands. a West Emo
avenue site and a Cathedral Parkway
plot we're bought for improvement and
sofne other interesting sales and leases
were reported.
me buyer OF the Cathedral Parkway
site is the Young women's Hebrew As
soeiation The parcel was owned by the
rnney estate, and is 40 feet east Of
Lenox avenue. II IL 100 feet square. IT
xlli be improved with a structure, proba-
Wy ten stories high. from plans by Louis
A, Abramson.
mere VIII be classrooms for music,
J ~ilmery' dressmaking, typewriting and
uoinestic service. A big roof garden will
% divided into playground for children,
nursery and kindergarten. II will he used
nso ior entertainments in summer and
"ucatonsI tsiks. The association is at
present located at No. 1873 Lexington ave-
nue.
feinberg Robinson sold for Victoria
Auzoo No. 90 West End avenue, north
vast corner OF @th street, three story
a3eliing house, on lot 2SxlOO feet. The adj
Joining site II No 0s2 10 bes is hsinsL On, :