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title: 'New-York tribune. (New York [N.Y.]) 1866-1924, April 04, 1909, Page 4, Image 63',
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OUTLOOK IX DISTRICT.
Big Structures Planned for Sites in
Th«-» If •■,;,, ■ this year of building
operations In the downtown business and financial
districts cf the magnitude which characterized real
«4tate trading prior to the financial auniiMln« of
3907. Nam of the realty slgna Indicate that the tax
able list or properties of ths greater city Is soon to
t>« enlarged by the erection at many structures of
, iil --- *s reeards floor -pace or height In the
cones #ou'.h a* Chambers street.
The b'.g BsOßej lending companies are apparently
much more Interested 5n the development of the
Borty . . sections of the city than in the replacing
of emal! or sM office buildings -within the boun
daries of the Wall street and Cortlandt street eec
tions with modem skyscrapers. In view Of their
attitude, most of the big operators and construo
lion iiIMIMTIIf which have been for years largely
lnstrtimental in effecting the -wonderful transforma
tion which ha? taken place In th* sky line of lower
ON HILLSIDE' AVENUE. JAMAICA. LONG ISLAND. LOOKING TOWARD HILLCREST.
Manhattan In recent years, also evincp a desire to
lay no plans at the present tlnv 'for a broadening
of the activity in real estate fields south of Cham
ban street. Bat thi will aid in every possible way
t« increasirg the vißor of the rtmu construction
projects and purchasing movements wMd) have
been n feature «f the realty trading of the present
Some r«-aJ estate »>\r>.-r!? refer te the trading in
the downtown business zones as being of isuall;'
email volume. Others say that the market there
for various kinds of parcels is not or.ly sluggish, but
•weak. Th«*s«» experts are comparing the -present
state cf tl i ssarl r for surh properties v.-ith its
bffntancy and with the rotaMe achievements ma<U>
by. roost of the big spectdai end operators in the
period fr«ni UkT. to 1907. That per was one of 1 In
most reroarkcble in the history of tlie greater city.
At *hat time •'.";• conditions affecting real estate op
erations were most favorable to trading and build-
Ing operations of record size. In that period not
only xras yev c architecural features of many pro
gressive <u>trictP 50 rhansr<--,i n? to make them
hardly recr.enire'i by persona who were familiar
•with the old landmarks, but values in most of tin
downtown, roidtown snd upper West Side zones
reached r.ew heights, and in the central Fifth av.
nue retail shopping centre the asking price for
properties was many times greater than the sums
for whi.h the parcels could have been bought be
PERIOD OF RBCOKD ACTIVITY.
The period from :9CB to I#VT will lone be remem
bere.i by nearly every person tilled with the re;:l
estate market because of th<» MgT things which the
great real estate leaders did in that epoch. It was
In those days that vast areas in the downtown
finannial zone wei reimproved rlth new types of
s^ee mHI store structures, and v:hen many of the
best located paroels. with frontages on or near
Broadway, became the sites of such buildings as
the Singer, the Trinity, the Cntted States Realty.
the Csty Investing, the twin rannel Terminal BufM-
Ings, tk* new home of the United States Express.
ar,dM.nth mary large and small buildings erected
la part or exclusively for the use " some " the
largest mercantile and finaiic;;il houses of the
greater city. With I-• b extensive office building
projects it 'was no cause for wonderment that the
moPt conservative leaders became possessed of a
fear that this construction feature in the upbuild-
Ins: at the gres*ei city along more beautiful lines
and In a manner meeting the needs of the t«;nant3
better had been overdone.
tt was. Indeed, the Brst time in a long period that
such laree r.:ml>rs of r.ew stores and modern
offices were placed upon the market tU the same
time And even bsbm of the renting agents, wnose
aid was sought to and tenants for this newer down
town office centre were apprehensive as to their
ability to find lessees for the greater business zone
It east not be forgotten that the task that most
cf these agents faced was . most formidable one.
The Sin^r Building is the second bigbeat bulldtng
to the world, and M regards floor space it is num
bered among the largest office ■bractures occupying
rbTg^te in that section of Manhattan Island
where land is more expensive that, anywhere elre^
STc£ investing Building, at Ortlandt street
Ind Breadwav. ,3 f-.e taif « " -^ r ' ls
"a- cuarters for the cntralizat,,, of tne boatnea,
?Lany Mg umwratfnap with branches scattered
aWaSnir^- S that building the floors
it |E0.l«0 each a year, and the leases for an
ITure floor, are l<* terms ranging from five to fn
The twin Terminal Buildings of the Hudson and
lian^attar. Railroad Coaanaay. which occupy th©
■weete-ly block front!, in Church etreet, between
Cortlandt and PuHob streets, ho.d the place in the
building statistics of being the largest tunnel
terminal structures in the *rorid. Fronting on
West ptreet. and occupying oue of the largest plots
there held under a single ■ rship. is the big
"WW .tn - Bdsag which was put up by a com
pany of vhfefa Generai H ward Carroll is the
president It is th- largest buildiryr. with the ex
ception of the Battery Place, located on a site
fronting on this w.d« business thoroughfare. At
tte present time the Battery Plaoa Building, front
lag on Battery Place, bu»uai West and Washing
ton streets, is included aaaowe the. biggest struct
ures of that type on Manhar.-.n Island. Plans were
recently flled for the erection of an annex to that
building, and when that annex is ready for oc
cupancy the combined structures will form, it is
said, the lassaat office buihiirig, as regaros floor
space, in the world. Its floor area will exceed by a
few feet that of the City Investing Building, now
tire record building In Ihhl rt-F:>ect.
Scores of other large office and etore structures
have been erected in the downtown business zones
In the period mentlonad. Many persons express
surprise at the marked decrease In the trading in
the business tones since- that time, but this re
cction Is a necessary one. and will help to rt adjust
reslty affairs aSectlng- the business rones of the
creator city, and in the near future, wht-n the d«
znand for mor* commodious and bigger office
Btxuctures south. of Chambers street Is larger, it Is
likely that the money channels will be more favor
able for i rosumpuon of office building on a large
scale in the southerly zones of Manhattan Island.
Already most of the big skyscraper* which have
been projected within the last five years are well
occupied, and in several instances the demands for
. space in the buildings have warranted a change In
rentals, the Increase in renfala In one instance be
ing about 5 per cer.t.
The present building activity south of Chambers
street Is principally due to the perfection of plans
by banking corporations and other large financial
en<3 -mercantile companies, which occupy almost
an entire building, to enlarge their home sites
SAd-to ii&ve additional Coor apace for themselves
and also to rent. In fMi movement these corpora
tion arc- more rrominer.t than the big construc
tion companies, for it was the latter which were
big factors in the transformation which took place
In the downtown business tone* in the last fi\e
CHARACTER OF THE TRADING.
An indication of the character of the trading in
the downtown boaUMM centres Is plain y shown
by the purchase of the Germania Life Insurance
Buildinp. at Cedar and Nassau streets, a few days
ago by the Fourth Nati.-r.al Bank. With that pur
chase the baak controls the entire tloek front
on the easterly side of N^sau stree t between
Pine and Cedar streets, and it paid for that site,
according to an authentic report, about P« a
Bquare foot. Excepting the purchase price for the
small plot at the southeast corner of Wall stree.
and Broadway, which was owned by the SMlxnan
estate a few years ago. the price paid for the
Germanla Ufe Insurance Company property is the
highest sum at which a site in the Wall Street
section has changed hands . In many years. The
bank intend, to improve its holdings with a large
office and store building in the near future. W lth
in a block of this site is the Bryant Building. The
Bryant Building property has frontages on Nassau
ctreet Liberty street and Liberty Place, and on
the premises, which was recently bought by a
syndicate for $1500.000. is to be put up a model
offlce and atorf buildinp. thirty-three rtoriea In
East <•' Broadway there has been a Rood demand
thlfi season for ties most suitable fcr business
houses tvhich had their homes in the district known
as "The Swamp." Host of these houaes have ap
parently become tired of paying rent or are in Jm
mediate need of more commodious quarters, and
to obtain what they warit they have onnd it
necessary to Join th«* ranks of property owners of
the greater city. Sites which are in greatest de
mand at present have frontages on or near Nassa,u
street, or In one t more of the streets near the
land occupied by the Hudson & Manhattan Rall
road Company fur its tunnel purposes.
Moi Httona affectirssr real estate operatloqi
are Improving rapidly, md the seen'-s of createst
realty activity nexl «eason are likely to be south
of Chambers street.
TRADING OX THK UK I (HITS
Wide Area There and in tkeypi/ck}
man Tract Being Improved.
Washington Heights is being quickly n-.:i<i» Into a
larger and worthier nnn».jc of the residential zone
in the T ,V<>st Side north of sr<th5 r <th i -trcet. Evfcr Cince
the opening of the subway, Ir; ISC4. this, B ctJon of
the city' has been* tha scene of wldesjjreaU b-j!!duig
activity and buying by speculators and investors.
It is one of the most I rtiful dlstricta of Maj;
hattan I . ■'..::•]. The greater part of 11 occupies a
high ridge of land. North of II is the Dyckmari
section, which forms the nortfcvresterly apevofthe
island irntil the '>;ieninjr of the subway the ! >ye*>
man district was vnrtually a vacani tract. Since
that tim*\ however, many of the leading construc
tion companies bave bopght and improved land
it is in these two sections, possessing many nat
ural and artificial clMums. and with One tracts
commanding a splendid view. of. the Hudson River,
where builders have planned to be most prominent
throughout the yer.r. Mar.j- ndnibi are to be spent
this year in putting up hisn class npartrr.er.t hous
In the districts, and r.t> 'smell siini of irorn-y will
roprt'Sfr.: the extent of irnproven;«-?)t ■■' sites with
mou'-m dwelling houses. xh* sutnray traverses
the central regions ot" these sections, .-.,] thua the
zor.es possess direct and easy transit routes to the
various downtown ' and •■'iitral terrltorfes of the
So large has been the purchasing movement in
this area of the island since the beginning of the
year that it has formed a principal feature of the
trading m the local real estate maj-ket. This brisk
demand for properties In these zones lias resulted
In mar.y speculative builders flnd'.np a buyer for
their wares at good prices. ,
About three months ago the two six-Ftory apart
ment houses at the north-west corner of 177 th street
and Amsterdam avenue." occupying a plot lOOx
100 feet, were bought . by- Holstein, Young a.- Co.
These houses were bought by the seller in Novem
ber last. Martin D. Fink and Mark Ash figured
prominently as buyers ir. the Washington Heights
section this year. They ' bought in • January tfte
block front on the westerly side of Fort Washing
LOOKING WEST ON 183 D STREET. FROM ST. NICHOLAS AVENUE.
ton avenue, between lT3th and 190 th streets, ana
later resold the property to a builder who will
erect elevator apartment houses on the plot. The
6ite has a frontage of about 200 feet in Fort Wash
ington avenue. ill feet on ISOtb. street and 115 feet
on 179 th street. The Fleuri Construction Company
bought several months ago the block front on the
easterly side of St. Nicholas avenue, between 176tn
and 177 th streets, from . the St. Nicholas Realty
Company. This is part of the old Juvenile Asylum
tract and will.be improved with two high class
At the southeast corner of Broadway and 157 th
street a pot of eight lots was bought by Patrick
McMorrow. He will built apartment houses on the
site. A plot of six lots fronting 75 feet on 152 a
street and with a similar j f rontage on 151 st street.
150 feet wast of Broadway, recently changed owser
J\K\V-*ORK DAILY TRIBUNE, SUNDAY. APRIL 4. 1909.
RAYMOND SSI POLLARD,
9 Main St.. Norwalk. Conn.
Aj;c:it* for waterfronts, farms, country *cnt*. baagaloOTs,
In Southern Connecticut.
FOX SALE \T lll(.ll\\o<M>. -!^ minutes trorzi New York. llil» fine place, ntaimns. aooui onr
half acre or lana- two mtnutea from railroad station. Bou v . cat •■:; Lar»« rooms and excep
tionally Cue r.athn.om. lß.Bteajo nratfd anil \:at all modern* ,vem»nu u!th fine t>arn nnct "•"■
houses. ■•:! | and terms reasonable. Apply to «rner. C. J. BTAGO. Hljrr.i ooC N J.
ship. It. is ni>\v owned by tl • Kernack Realty
Company, .-ir.ii. according to reports will' be lrn
jiroved in the. near future. F- i^us.in Bros. <S-
Forshay r*«ently .bought ■ plot on the r-o<uh side
of 180 th street. "'l* feel wesl ■■' Broadway, and an
edjolnliif? plot llOji'ii«. f»-»-t On the combined parcels
will be erected blg-ta clan apartment houseq.
DACORN COMPANY TO BUILD.
The Dacorn Realty Company recently boußht the
northeaetv corner of F<-n VVashlnston avenue anil
ISOth Btreet. 10<>xl44 feet, on •which it trill 'build a
six story elevator' apartment bouse. Th* Castleton
Construction Compauy also recently l>ought a plot
85.11x100 feet, at the northeast corner .of . Bma.l-
way «Jid 162 d street. It will erect on that site a
six story elevator apartment house. C. M. Silver
man & Son recently resold to a builder a plot
100x100 feet, at the southeast corner ut 162 d <=tn->t
and Broadway, on which will be put up an apart
The Mlddletown Realty Company recently bought
a plot. 155x99.11 feet, on the north side of lt>:M street
between Broadway and St. Nicholas avenue from
the Washington Holding Company, on which it will
erect two six story apa-troent houses. C. E. Dep
peler and Richard C. Vcth bought this year the
plot, 100x100 feet, at the southwest corner of
Convent avenue and 149 th street. They will erect
on the site a six story elevator apartment house
The George Doctor Company bought this year a
plot at the southeast corner of St. Nicholas ave
nue and 157 th street. On the site Is the old Gard
ner mansion. It will be replaced by an elevaXor
I HILLCREST OF
rapidity of growth and unequalled natural advantages. .*
BUY NEW YORK CITY LOTS
14535? B ,v T HK TH WARD. BOROUGH OF QUEENS. WITH ALL NEW YORK CITY'S CONVENIENCES.
AT LESS THAN V 2V 2 THE PRICE OF SURROUNDING PROPERTIES
EQUALLY DESIRABLE AXD OX EASY TERMS.
. ■a f. «n nf Tampica adioinine Hillside Avenue Boulevard and Estate developments. 135 feet above sea level—
In the finest residence section pf Jamaica. a g^J- o j amaica lots at a few hundred dollars, each now means larger profits to the purchaser
feet frontage on main mac da ™«d ave^es B fJ n y ng our ica is just as near as The Bronx, and our prices are less than in any other equally
d h e a sr r a^ re re e sld e enc n e ad C ec^n H of le ffeTYork^".^^^^ lei than lots are selling for in the outlying suburbs.
DIRECT SUBWAY CONNECTION-15 MINUTES
IN THL FIVE, CLNT fARL ZONE.
S^EW ONE AND TWO FAMILY HOUSES AT HILLCREST
Pr j3esj 3e5 $4,090 to $5,930 Small Cish Payamt*. Bilanca Monthly Instalments,
TWt foreet that all trains. Express and Local, stop at Jamaica One fare only to the "Grand Central Station" of the vast Pennsylvania-
Long Isknd syltem. Call or write for Illustrated Booklet, etc. ;v' •
WILLIAM P. RAE COMPANY
Established 1879. ..,..,.. ... yniU P. RAE COMPAXV. 1«!> Mon»a«u» S':«". Brooklyn.
' RrnnL'lv/n plkase send partii-ui.ars of Jamaica real estate
130 iVlOntSlfitlC wl» ™ DlOUKiyn aTKI r- ual Opportunities for Investment.
Branches in Manhattan and Jamaica. name :
Fill OJT G3U?JI?i flfiO M&IL TO-DAY — • ••
I -fiEITIEIirS ; ESTATE
Twenty roomi all ImprovemenM.V'iri sn ex
csptioiial location i: ' minutes trom Bo Nor
walk Rrt- Vtatlon. s»-.n «erf« of. land. larK»
b«ra. hothouse. - cottagM
FOR SALE OR RENT.
4 . .-^ from nn;',r.r,, on Important r ad
H'iuv of J4 rooiiss. I-irge bam and carMase house. Trice
2S acT»s. hljrh ground, a^Jolninir luxurious estates rif
wealthy men; g.xifl Sound *vtew'; one mHa frsm «ta:lon.
40 acres, on hish ridse. commanding m-xnlflcent \«ew«
of Sound n.vl val'.e;, r. »is ir.iles from station. Itouse of ft
room?:. Good trout brook. Price $4.vOC».
•40 acren. over 800 feet above *oa levt-1. T.:« best v!ew
In FalrfeM ir.unty. .Eight room house; s!x miles from
Stamford. Prtre JS.'Xio.
SO res. Ii miles fpim station; hlfih Kround:. Rour.il
view; no buildings; large pend. Trice $!5.O)0
S5 acres, handsome lfl room hou»«; high «f«>und with
•ztenatvc view ■■; 6oui Uout brwk. :. miles fr-m
Btaraford Prte« fSO.OOO
HOYT § HIOKEYr "
231 Atlantic St. Sfamford, Conn,
TO THETCBLir. MY i-Klr:M>-\ ANl> THOSE IN
1 TERESTBD IN THE HEAI. EBTATE BUSINESS:
We be<t to announce I Hat «■« have opened an r.fflre
at 7!»r. ITatD^«h n Averiue. to conduct ■ Keneral#hrok*ra - K
business While Kivliiß »peoial attention lo tlu- lelllnK
and r.nttne of property, it i« not our intention to nejr
l».-i the other branchM of our bustnesm. lnsumnro
effected in the bent companies, rareful al»"T:tt,»n clven
to th* management of property and expert appraisal*
W««n in touch vlth Investor*, l.uil.ler*. >|Meatat«n
and li«m<« seekers: therefore 11 If to our mutual ndvan
tape for you to «■•■!'' v* full partJculaw of any oroperty
jou maj iMi lo dtsP"!<e of.
V. .■• Uav« soort ln - "'• properties for the tnvsstori
barrain. for the speculators, .--o.i prop«»ttlont, ri»
imiriiitr little cash, for the builders, an.l all claialra of
dwelling*, at th« rlichl price, for th« home seekera
Keep in touch with us. . ,
ThanktnK you for past favors and lollcitlng « con,
tlnuance of your patronage, we are
Yours vcrj' truly. j •
FUTBUSH REAL ESTATE CO.,
No. 795 Flathush Aye,
THOMAS E. W'HITTAKEfi. Manager/
■DtTMT Gentleman's Country Pl<\r.>ii near >J. T. .
KililN 1-. r >nelv fumiabeO: attractive: $snO' tn
$2.nii.i season. • E HATES.KaL'FFM-W *
" ' -■ WEST CO.. 1 West 34th. St.
apartment house. This is ttaa first sale of the
parcel since IKS. The Livingston Construction
Company recently sold to Biiiffham Broth. r» a plot
Wxlia feet, at the southwest corner of 169 th
street and Broadway for Improvement with a six
glory elevator apartment house. John Schreiner
acquired recently the block front on the westerly
side of Broadway between 177 th and 178 th streets.
The plot comprises morn than twelve lots ajid was
held at $250,000. Mr. Schreiner Intends to erect
on the plot two six story elevator apartment
IDEAL COUNTRY ESTATES.
NEW YORK HARBOR
Exclusive Sea Shore Park
Private boat service New York Batt;ry to Sea Gate.
Selected List of House Plots
Size 100 ft. x 100 ft.
From $3,000 upward, according to location.
FURNISHED COTTAGES FOR RENT
' . From ?7'o to $2.OX> for Season.
WILLIAM Pi RAE COMPANY
MAIN OFFICE. 180 MONTAGUE STREET, BROOKLYN.
Rerreyentatlva will ill If <i*»lr»«? - -^,
A RESIDENCE WITH 8 LOTS ■ ~*
Within 5 Minutes" Walk of Subway Station.
J. CLARENCE DA VIES.
149 th St. and srd Aye.
t- -- - - - — — — — ***
STATEN ISLAND PROPERTY.
HAVE YOU EVER LOOKED INTO THE ADVANTAGES
OF RICHMOND BOROUGH FOR A HOME SITE?
HOUSED BUILDING LOTS
«T. <;EOm;E— House on Fon Flace. on plot s©> | NX.IV BKHiHTON— St. ilark's Place *n<l Haa
tOO; • iminawf walk frv^. the frry; 12 rwnn | liter, aye.: plot, 40x100; rear ferrr. •In bestlocal
,„., f-rrvinnrovtiienf S'tltXm lty: fir- vl.w: $2,000 to J23.O«>X on M« teraii
iIYIN«STO> bouNOf B roorii-- ar... bath: BRIGHTON II EI(iHT«u-Lotj with fine «••;
near train an trollov. clubs. s.-hoo!s and 7 mlnutt-s from the f^rry: S.imi upwards,
rhurchc,; C = s nnd etoetrtSty: hot water heatex | uk-:i m.v ? 40x90 in tt!i _ most at
an.i all ronvrnle r.c«<: plot 30x100. Price *o.6i><» i tractive suourb. with al! improvenienU. $300 t»
=oO l^,^l?ite i «<^^^r»V O S Srt eSS | "^M-.^ruv- lot* 23X100. oa Taadertßt
rSJISTuS^ v"w- < *S?T.^0 S l^rVJrlnr" Se ""'' j '^.a' ,i?« oTSryme, Hill, «-»«»« —
EMERSON 1111. 1. Two nr.«- hous«-5. with all lm- ; views of th? Ray. at MM anil 'JP-
Drov*ni«iti o:i hr.lf an acre of land •« h. ar< stli: Statin md has many very attractive «•
r«r rale on'lxn Emerson Hill: 7 r.-..m house. for small farui« and Plots of a . si-e»
$5,000; !0 rooai hOUMS SB.soo^wnna chv ! from $300 up ar« now ofTeretl for »a.».
CORNELIUS C. KOLFF,
.-»0 BROADWAY.? >EW \i»KK. or riIABTKKK ni.IMJ.. ST. GCORGK- l\
11 FULTON STREET - - JAMAICA. L. I.
5 2-family, bay window, brick dwellings, steam heat and all improvements: pnet
$6,100. Also"7 lots; sewer, water and gas: price. $4,000. . _ ,
12 lots on HofiFman Boulrvard for $900 each, besides many other desirable parcel
of improved real estate. ■ ,^^n—
; REAL ESTATE
WEST SuDE PLOTS
I PTOTIN OFFICE.
155 West 14th Street, N. Y.
Rhone 2377 Chelsea.
2 Vesey Street, N. Y.
Phone 3180 (ortlandt.
Buncalow plots, containing from 13.300 to 4.V000
#«?t frontirg on and overlooklnc the lake. Healthy;
t!oVi flsKln* boatln E and bathing .; elevation over
ROO feet Select your plans and cite. NOW Terms
arranged to suit you. Or. be our «vest and Inspect
those a' ready in ourm of con«tnictton. Estimates
furnish^. Booklet and particulars.
W H. AGRICOLA. 10« Fulton SU New York.
2-FAMILY BRICK HOUSES
JACKSON AXD BOSTWICK AVESL -A
Trolleys almost le ta» door*. - - .; »
Four minutes' walk t,» C. R R. | * ti St_ Bfl ■>
Tbeso are model hou*?*. built to LIVE j£ - v^atts
SKLL EASY. Bound to rail people Of TtSste***- rw+
outs rooms and two tiled batha to «aca *J~,V^ja l»
family houne traditions were radically <*«* -,Se*e»
the bulldinc anil floor arrangements of- r*jJL tsrt*-"
nouses. Dei-oration*. Improvements. speC»j -Jj7« «e
these were all designed with an ey* to J* or JSJets sß^
venienoe and comfort. Pet notions of srcniw-
builders have been entirety dlat«Karti«d- _J??r -« m
were built to lult TOU-WX THKM- tt ™_ri jo s»t
pertence worth while to SEE them, •*•■ ir T<™ V?. «•"
BUY. Tike Jackson Aye. car fronr -D-. . &•£!•
Pennsylvania ferries. Tunnel opens J'J.T as* r^
boom i. on. ' a ~*bSS%£ *M
Prices Right; Terms R'B h *l- ,V»X "
COMMERCIAL & REALTY CO. j
65 Montgomery St.. Jer«ay C»ty. . -
TTTANTED.-TO RENT. WITH *'R ^r£st T «**
V» burm*. Farm within fifty mn»» «? £tW*
not over two mtles from station. +- *•