New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-12

Realty buyers were we'll scattered last
week throughout the various enucing spec
ulative and investment districts. OF Man
haitian and The Bronx. Ii Is true that their
number was small-in fact, somewhat less
than the average at this season of the year
and consequently few important transac-
tions were reported.
The volume of business, however. was
5ust large enough TO remind :okeTs ana
other persons identified with realty tradipg
that most traders were keeping right IN the
centre OF well-beaten paths.
Spectacular deviations from familiar trad
ing zones are apparently not going 10 Dc
the substance for big news items this year.
OF course, some novel enterprises nave al
ready been perfected and Launched, out
this is not a season for novelties, not"lth-
standing the fact that the amount OF Ars
Der cent loans available for the further
ance of realty projects is stupendous.
So much money within reach and with
/, umerous realty developers overlooking the
O, ,portunities Of the present and planning
foi' next year is q spectacle seldom seem
Tha situation may aptly be likened 10 inc
iobh er with his shelves heavily laden. The
Iobber must first dispose OF his present
goods before he will purchase new STOCK
Scorer, of midtown loft projectors have
-o+ 1,e+ found an investment market for
their buildings, and the conditions In the
most mort herlv apartment house areas or
nlarbattan are not favorable for an immo-
dsato extensive addition to the present prin-
cipal building form in that territory Iheh
q should not be forgotten that the sources
Srorn which New York gets it's money for
nearly all Of it's building and purchasing
ooeratjons are much broader than 'hey
were about 2 year ago, and bigger. accord
ing to some experts, than ever before IN
The history Of the greater city.
This widening has generally kept pace
with the latest total value or the realty
worth of the city, but in this instance us
proportions have increased somewhat raster
tban the needs Of realty SPECTATORS anu
investors.
What n merry time is ahead If the ex-
oected realty boom gets here on schedule
,,noa next year and the ranks or money
lenders are then stronger than now
Have YOU ever noticed that when buyers
become comparatively numercdiy siilaii
Won do not have far 10 seek 10 iiilo
chem? They are usually in the older nome
and office bauiTicks, IN the most VaiuaOie
newer Office. loft and amusement centres
opd IN sections which will be benehteo Dy
new transit lines.
T-ne budget Of sales and lists OF ouiIulhs
nlans tell where are the present groups OIL
buvers. In West End avenue rs one centfe
of activity; another, which mas iateS ue
come Of fair size, in the downtown ONCE
region: still another in 9th street. aIio'' iui
tbernoore, others in lower Madison avenue
all of Lexington avenue, central faih ave
nue.. Fourth avenue and us business III
teries and old Greenwich NiIase'
inner Sixth avenue had an unusuaiiS
large furry Of speculative buying Re"
weeks ago, but at this time II seems 10 10
content TO occupy less prominent pia0o
IN the real estate market
The transformation OF West Emo avenue
into q greater apartment house tnorousH
fare is one Of the most important fea,ures
~ the real estate market. The 70" Oh
dwelling houses No. 772 to $50 west hllu
avenue. on a plot fronting s2n feet IN the
avenue and 100 feet in sSth street was
bought last week by builder VINO VIII
erect on the site twelve story apar
house. The house at the southeast corner
of West End avenue and sSth street IS lour
stories. the other houses being each 'hfee
stories and basement The sellers were
Hannah II. Colgate, t>lSe - TId'iiIosoIi
The Easterbnook estate and Margaret b.
NewingtOn.
John Lever recently bought the three
dwelling houses No. 7S2 70 1856 West Emo
avenue. northeast corner of 9Sth street on
a plot fronting sos feet in the avenue and
100 feet in the street. The sale was mace
bv slawson & Hobbs for the A. c. & II. NJ
Hall Realty Company. Mr.. Lever VIII I'M
prove the site with twelve story apart
ment house.
The Robert Hoe estate sold last week the
Schuyler Arms, an eight story apartment
house at No. 800 to 81 West 98th street, on
a plot l2Oxl0o11 feet, 50 feet west Of West
End avenue. The property was held at
$4,000. The house was erected about ten
years ago, and was purchased by the late
Robert Hoe in 1903 from William H. Beard
It is assessed by the city at $4,000. The
purchaser was represented by Il De Wight
Ia,ce. president of the Contempt Rustproof-
ing Company.
Another recent important transaction IN
the district was the sale Of the five dwell
ing houses No. 81 to SO West End avenue