New-York tribune., 1915-03-07
REALTY AFFAIRS in
STUYVESANT SO.
Continued from page I

characteristics Of the place. The gas
tanks in the district are far from Mr..
Murphy's home. There may be some I'll
kept tenement houses in the neighbor-
hood, but most conform to the plumb
ing and construction rules of the Tene-
ment House Department of this city.
One or two houses may escape the
vigilance of the Tenement House De-
partment, but not more. And as for
educational facilities, hospitals, main
tanned by private subscription or by
the public, the district points with
pride to the unusually large number
of such buildings, planned by experts,
substantially put up and efficiently
maintained.
Murphy's house faces the south,
and therefore has that most highly
priced building feature southern ex-
pOsure. Its south light is permanently
assured, too, as the easterly half of
Stuyvesant Square Park is directly in
front of it. As it is near the corner
it is what is called in realty key
parcel. In other words, with the Muir
ply parcel combined with the corner
properties it is possible to unlock the
box of greater values" than if the par
cells remained their present size and
were improved as distinct sites.
The records show that 314 East Fif-
teenth Street, four story tenement
house, was sold in May, 1913, by Solo
mon Reiner to the Franklin Square
Realty Company, which, in turn, trans
ferred the title to William S. Barker,
of SO Elm Street, Montclair, ~ j., for
$4,000. AS the premises have a front
age of 26 feet the front foot price was
exactly 81 900. Katherine Koch paid
on October 16. 1918, S2l 900 for the
four story building 308 East Eigh-
teenth Street, in the rear of Murphy's
house. 1t has a frontage Of 20.8 feet,
but it is only IS feet in depth. In this
transaction the front foot price was
about 81 1000.
The three story dwelling 321 East
Twentieth Street was sold in partition
on March 2, 1911, by William Allen,
referee. to Edward F. Cunningham for
$4,000. The house is on a lot front
ing 20 feet, and having a depth of 92
feet. Mr.. Cunningham got the house
for little more than 500 front foot.
At the same partition sale James j.
Larkin purchased the two three-story
tenement houses, with store, and with
2l8 and 220 East Twenty-frst Street,
for S30,350. The site was then as
sessed at $4,000, and the land and
buildings at $26,500. The frontage of
the property is 469 feet, and the pur-
chaser paid about $3.50 front foot.
The Salvation Army paid $4,000 for
its home at 3l8 East Fifteenth Street,
a four STORY and basement stone
dwelling house on lot % 6X103.3 feet.
1t got the property in 1911 from the
Peoples Institute. On September 18.
1912, the three story brick dwelling at
304 East Eighteenth Street was trans
ferred to Margaret Mayer for an ex-
pressed consideration of Sl4,270. This
property was then assessed for land At
S13,500, and for land and house at
S14,270, The site is % feet front and
only IS feet in depth. Its short depth
is one Of the reasons that it sold at
the low price of about $3.50 a front
foot. 1t was disposed of by the execu-
tors of the Edward Jantzer estate.
In the Vesey Street auction market
last week Leopold We'll bought at
voluntary sale the four story dwelling
house property, 243 East Nineteenth
Street, l6.6x92 feet. for Sl0.250 This
sale was held by Auctioneer Day. The
front foot price was about Sf6O.
The southwest corner OF Fourteenth
Street and Second Avenue. on which
site stands the Labor Temple, was sold
by the Greenwich Presbyterian Church
TO the Church Extension Committee Of
the Presbytery of New York in 1913
for an expressed consideration OF
100000.
There was considerable building &C
tivity in the Stuyvesant Square section
in 1901. IL was in that year that plans
were fled for the Stuyvesant High
School. one Of the largest and one Of
the most substantial school buildings
ever put up by the city. c. b. J. Sny-
der. architect, placed the cost at
100000. This structure is FIVE stories
and basement and is 2l0.5x206 feet. 1t
extends from Fifteenth to Sixteenth
Street, eighty feet west Of First Ave
nue..
Plans were also filed in 1901 for the
erection OF six story flathouse at 349
and 35l East Seventeenth Street. AZ by
81 feet, for y. f. Berlin at an esti-
mated cost of $4,000. Schneider &
Herter were the architects.
Other projects launched in the same
year were: A seven story brick tene
ment house. 40 by so feet. to cost $685.