New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-07-11

grasp on realty tendencies in this part
Cf the city. IT, was not SO many years
crO that steam trains ran through Inc
old Park Avenue Juunc. and the ave-
rue was bcrd-red br a misce.lancou
lot Of buildings, mostly OF the cheap
fatnouse type. In the comparatively
short space of time that Park Avenue
has been changing from its unattrac-
tive building forms 10 It's present
building Carb millions have been spent
there on new buildings, and the
strength and the beauty Of mis- avenue
in its present dress have brought INTO
the great realty market Of New Y ork
as buyers some men who never before
rorc numbered among the big owners
in New York.
Upper Fifth Avenue has contributed
some spectacular deals TO the volume
Of realty business in the last SIX
months, and those operations have had
e. most beneficial effect on the general
tone of The local market, because the
work TO be done there is OF the hlgh-
est order. One transaction alone that
Of the Improvement Of the former Bur
den and Vanderbilt properties at the
south corner of 72d ST. and Flfth av.
with an apartment of twelve stories
Will lDNOlNe an tAptuulLAip " e"SNS
S2.OOOOOO. A S270,000 upper Fifth av.
deal was the purchase by Malcolm ID.
Whitman Of the dwelling No. 1880 from
Percival Farquhar. The central Fifth
av. section has also played q most
prominent part in the trading in the
market since the New Year
A most noteworthy feature of the
business done has also been the grow
ing demand for homes in the old and
charming residential sections Of Man
haitian. In Greenwich Village there
has been launched successfully move
ment 10 conserve the old grandeur OF
the place and 10 reclaim from undesir-
able tenancy q number OF the hnest Ola
buildings n the section.
In The Bronx the westerly section or
nc borough has been attracting more
attention than IN & long time. IN the
and northerly parts OF the
Grand Boulevard and ConcOurse mum
Der Of big sales have been made. Ford
ham Road has at last become most
promising thoroURhiare for the specu-
lator end the investor. Probably more
houses are being put up IN
the Fordham section than in any other
district of New York. Three Of the
active centres for builders in the east
erly Bronx have been Crotona Park,
upper Southern Boulevard and Ire
mont av.
Anon the largest operations re
ported in the first three months OF the
year we're:
The leasing Of the site Of the onetime
Cafe dc POpcra, at AID 81. and Broad
wav. by the clothing house OF Brokaw
Brothers. A building for Brokaw
Brothers occupancy IS being erected
there. The lease was negotiated by
William J. Roome. II is Tor term
OF twenty-one years, with two renewal
The total sum OF the rental
for the land and the building for the
first period will be approximately 3d.
OOO, 900. BrOkaw Brothers took posses
sion Of their old home IN Aston Place
in 1856.
". Bourke Cochran bought from the
Construction Company the SIX
story elevator apartment house at the
northwest corner Of 16lst Street and
Fort Washington Avenue, giving IN
part payment his mansion at Sixteenth
St and 0 av., Washington, ID. {.
Walter j. Rich bought number OF
on Washington Heights. He
purchased through S. & J. II. Albert
the block front on the west side OF
Fort Washington av., from l79th
10 1S0th st. lie gave in part pay
ment tract of about three acres at
Bergen County, n. J.
Frederick W. Smythe bought the De-
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