New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-30
IN THE LOCAL MARKET
Quality Principal Feature Of
Trading Last Week.
FAMILIAR PATHS ATTRACT
Drawing Power of Lexin gton
Avenue Subway Zone Bound
to Increase.

Quality and not quantity was the pr,n.
cipal feature last week Of the real estatA
market. The trading was along well beaten
raths and its volume was about the aver.
age for this season of the year.
It was utterly devoid Of tendencies which
upset the calculations Of experts Thers
were reports. 1t Is true, that some OF tia
biggest wholesale grocery houses wers
thinking OF leaving their downtown site.
for large waterfront properties and that
che had already contracted to buy such
parcel
Few owners, however, worried over thu
announcement, simply because the concerns
were long ago too big for their old quar-.
ters, and II was inevitable that IL they
wanted to continue to grow they would
have to move. II they locate out Of town
IL will not be many years before they ara
back in town again.
Old favorites appeared frequently In the
news Of the week.
The West Side was the most enticinr
place to buyers. That is one Of its delight.
full habits and accounts for its drawins
power being characterized as most reliable.
Then there were the midtown and upper
East Side districts, with their usual quota
Of sales for this dime Of the year.
What about the downtown Office zon.f
Well some months ago II afforded a topic
of discussion owing TO its realty awaken.
ing and ever since IT has given many eH.
dences Of its increased popularity In In
vesting circles.
Lexington avenue, one Of the latest OF
new favorites. is still bewitching, after hav.
ing been the scene in the early months Of
this year OF more speculative operations
than many brokers anticipated. This zone,
with its subway now in course OF construc-
ton. will be more progressing as that
work advances.
The subway project is the most valuable
realty asset that this superbly located Sec
ton OF Manhattan has received In years.
Among the properties in the upper West
Side sold last week were the Oniagara
apartment house, at the southeast corner
of I5Oth street and Broadway; the Bordeaux
apartment house. at the southeast corner
of Riverside Drive and 127th street. group
OF nine dwelling houses at the northeast
corner of stth street and West End avenue,
and up In the Dyckman zone plot at the
southeast corner Of Sherman avenue and
Isham street changed hands.
In the Lexington avenue subway zone Z
row Of dwelling houses, Nos. lis 10 10
East goth street, on plot 0xes.s feet. q
feet west Of Lexington avenue, was sold
70 a builder for Improvement with high
class apartment house. The Plymouth
apartment house, No. li2 East SD street.
Is. 10 feet east OF Lexington avenue, passed
to the ownership Of the Manert Realty
Company
Still another transaction in the Lexington
avenue district was the sale Of the three
story dwelling house No. ia East arh street
BY the r W. Benner Company for Leslie
r. Palmer.
Some OF the midtown properties for
which buyers were found were the dwell
ing houses Nos l3i and 1876 West 32d street,
tho marcel No. 337 10 347 West 9th street
/ and also the five story factory building
formerly occupied by Revillon Freres. Nos.
I 1873 and l35 West 18th street.
The five story building No. l8 Pearl
street was one OF the downtown parcels
in the budget of sales last week. II is
feet south OF Maiden Lane. That was the
first sale Of that site since 1901. The
| George l.. Roland estate was the old
I ONItI TIC NC" iS'N CS''~~''-
! Company is the new one.
! II was also learned last week that over
! lures 10 buy the vacant plot No. $50 Fifth
avenue have been made and that a group
OF architects who recently formed cor
poration known as the Architects Omces
plan TO erect sixteen story Office struct-
ure at the northeast corner Of 10Th street
| and Park avenue.
The Oniagara apartment house, at me
southwest corner of Broadway and lS0th
street. was sold by the Cascade Realty ana
Construction Company Marcus Brown
! PRESIDENT TO William Grant. an investor
II stands on plot 100 feet in Broadway
and l25 feet In l5oth street. The purchaser
gave in part payment the five story build
ing with store No. 81 West l25th street, n
| a plot 20Xs9li feet. between Fifth 3nd
Ienox avenues. and No. lG West Ia
street a three story and basement stone
front dwelling house, on a plot l6l0XlUn
feet, between Lenox and Seventh avenues
and the five story iathouse al the North
west corner OF nth street and Fifth ave-
nue..
Mark Rafalsky & Co. sold for Harris
and Maurice Mandelbaum the group oil
End avenue and sith street to builder
who will erect a high grade twelve story
apartment house the cost OF which, in
GLIDING the ground will exceed N.Oo09a
George Noakes got through William P
Sheridan the Bordeaux apartment house
at the southeast corner OF Eth street ard
Riverside Drive. Consequently he row
owns the full frontage on the north side
%
avenue TO Riverside Drive with $50 feet 10
Claremont avenue and ll6 feet in Riverstr
Drive. The plot is covered with high class
apartment houses.
The dwelling houses Nos. 1874 and %
West sd street were sold by the Dousn
Robinson. Charles 6 Brown Company
for the Hudson Companies, the holdiw
concern for the Hudson & Manhattan Raj
road. This is one OF the properties accu
INFLATED by the railroad when il was ~
sembling' the block now occupied by lin
bel Brothers store. which II had originally
intended TO use for its uptown terminal.
Pease & Gilman sold for James c. Me-
CURE the plot 100 feet east OF Park ave-
nue. konwu as No. lo3 TO 100 East 15ta
street 96.6xlO22 feet. 10 the No. lO5 Eaa
Seventy-hfth Street Company G. |alen
Snow president There will be erected On
the site a nine story freproof apartment
house. Plans are being prepared by Law
Ter & Hess
T.. H. Ludlow & Co. and Robert X
Rainey were the brokers in the sale fa
Jennie r. Mccullough. Thomas ]. Maccane
Cecilia A. Starr. Ruth r. Keech and the
Deegan estate. respectively. OF the parce
Nos S31. 500. 81, 3iS. Si5 and Si7 West gtn
street six fhrea story buildings lloS