New-York tribune., 1912-01-21

The realty strength OF lne midtown lOlI
ID retail shopping district continues to
- the predominating feature of the mar
kst
any sales Of large sites fronting in the
street arteries of the Fifth avenue zone to
.or,panies or individuals with plans al
..sdy drawn for adding to the modern
.tructural garb of this part Of the town.
Among the most valuable properties
rsch changed hands in the central area
nsre the new twelve story and basement
nercantile building No. 5 to 9 West 37th
s,reet. adjoining a Fifth avenue corner
.I,e. on a plot 75x9S.9 feet; the premises
M So to 67 West 3Sth street, 81 .Sx9S9
Ieet, and the parcel No, 151 to I5S West
sOth street.
Moreover the properties Nos. and 3
East SSth street and No East 39th
street were leased for twenty-one years
FOR improvement with tall building.
The volume of purchasing operations
along the route of the Lexington avenue
subway is growing daily larger, although
the fact seems to have escaped notice on
account Of the extent Of the midtown prof.
scts
And on the great West Side north Of CO.
Iumbus Circle the budget Of sales is SIM
liar in quality to that Of last fall.
The area Of investment and speculation,
however in the district is broader and
longer than II has been in many months.
Builders have scattered, and the work
they have planned for the section this
year will result in a most noticeable i'm
provement Of the skylines Of this beauti-
{c1 hof1
city.
A S23o,ooo Trade.
New owners were found last week for
the Florentine, the Markeen, the Marth-
more and several other apartment houses
The Florentine apartment house is on
the south side of 124th street, 100 feet
east Of Broadway. 1t was sold by Ed
ward G. Williams & Co. for the Hovt
Realty and Leasing Company to Mrs. Hen
rietta L. Brown. The house is six storf s
high, Of the elevator type. and is 75x100
feet in size. Mrs Brown gave in part pay
ment No 42 West 72d street, a four story
dwelling house, on a lot 25x102.2 She was
represented in the purchase by John L.
Parish. The entire transaction involved
about $1,000
The Marthmore. a new six story elevator
apartment house at Nos. 5OS and $40 West
18th street on plot 1o0x1O0 feet $50 feet
west Of Amsterdam avenue. was sold by
W \. Darling & Son for the William NJ.
Moore Company to Z. l. Davis, an in
vestor. The house was held at $4,000.
Mr.. Davis gave two large vacant parcels
In the West Bronx in part payment. They
comprise the six lots at The northwest cor
ner Of Morris avenue q d 1S3d street, with
frontages of lF feet Ol the avenue and
1888 feet in the street also the two story
frame dwelling hou5S and ten lots on the
west side Of Morris avenue and extending
through to Walton avenue, Il feet south
OF lSith street, having a frontage ol 'o5
feet on each avenue and depth OF 1877 feet
The entire transaction involved about
$4,000
The Karnack Realty Company sold to
client Of Fixman. Lewis & Seligsberg, for
investment. the Markeen. a six story ele-
vator apartment house, No. $50 to SO West
18th street on plot 125x99.11 feet adjoining
the Audubon Park apartments. at the
southeast corner of Broadway. The house
was held at 10000. II was finished last
year by the sellers and is from plans by
Sommerfeld & Steckler.
The majority of apartment houses which
were disposed of last year figured in trades
Judging from the character Of the pres
ent trading north of Columbus Circle, il
will be some months before all cash sales
Of apartment houses are more numerous.
Sales Last Year.
Among the West Side apartment houses
sold last year were:
stratford-Avon, at 93d street and RIVER
Victor Hall. No. 622 West 18th street
The Cheshire, No. 5G5 10 572 West l&d
The Hereford, No. 80 West 18th street.
The Chateau, No 3l4 West l0th street.
The MARYLAND at the northwest corner OF
10Th street and Amsterdam avenue.
Temple Hail. at l2lst street and LenoN
The Melrose, No. 478 to 4s1 Central Park
West.
The Cliff Haven. at Hath street and River
The Hudson View, Ncs. Ga and GIG West
135th street.
ST. Regis, at the northwest corner Of
152d street and Broadway.
Farnon House at the northwest corner OF
l7Oth street and Audubon avenue.
The Ostend at the northeast corner ot
1l2th street and Broadway -.
House of York, Nos 6OS and Gil west liIst
Hoffman Arms, at the northwest corner
OF seth street and Madison avenue.
The Fullerton. No. 116 East 18th street.
Forrest Chambers, at ll5th street anu
Anamont Han, at the northwest corner
OF l24th street and Amsterdam avenue.
The Chatsworth, in 72d street opposite
Riverside Drive.
The AIlerton. at the southwest corner Of
ll3th street and Broadway.
Marble Hill, at 225th street and Marble
The Kaaterskiu South. at the northwest
corner OF Hamilton Place and l4lst street.
The Theresa. No. ~ west lI5th i,a s'rgTS so,,tb-
east corner Of S7th street and Amsterdam
avenue.
The Florette No. 6l1 West 1880 street -
The Exeter and the Allview, No. 100 to 7c9
West 10th street
The 81 Catherine, at the southeast corner
Of $50 street and Madison avenue. ~.
Versailles Palace, at No COB to COZ west
The riverside Court. No. G2a to 627 West
The Medford. No 1880 TO 3s9S Broadway:
St Rrendan at the southwest corner OF
18th street and ST. Nicholas avenue.
The Allendale, at the northeast corner OF
&th street and West End avenue ,,,.,-
The Stockbrdge. No 6O3 TO 500 west l"sth
street
The Rotherwood and the InElewood, Nos.
Ut West 17Sth street ana ilo west i''''
street. respectively ~
The Maurets MIA and the EusltaHld' NJ
~ 10 40 West l4Sth street. $500
The Bendrii, Hudson and the Nevada
were also sold last wear, being two Of the
largest improved properties on Manhattan
Island to change hands in the last week
OF the old yeag.
That budget OF sales OF apartment houses
was indeed a formidable one, rejecting tdr
better than words the good demand Tor
West Side income properties in the old
year which was not noted for realty con- cor
ditions conducive 10 investment or specu-
latiNe npera lions on an unusually ldTge