930





RECORD AND   GUIDE.





December 20, 1902.





Now that the franchise has been granted, work will be begun
at once, provided the Mayor approves the grant. It is estimated
the cost will be $6,000,000 to complete the work.

It now looks as if the Board of Estimate think the New Tork
Central should pay the city for the privileges it is seeking in
improving its terminal facilities. The Central offered to pay the
cost of the condemnation proceedings, and to purchase the
ground required. It later agreed to depress its tracks, but sug¬
gested that the city defray the cost of the necessary bridges, and
that no change be made for its subterranean occupation of the
westerly side of Park av and the ground about the Grand Cen¬
tral. As now reported, the Board of Estimate will not accede
to these terms, but will demand that the railroad company bear
the cost of the bridges and carry them over the avenue at grade,
■which will necessitate a still further depression of the tracks.





and that it shall compensate the city for the large area of vault
space it will require. As a preliminary to fixing the basis of
compensation, Eugene E. McLean, chief engineer, has made a
report upon the financial values of the privileges sought by the
New  York Central.

The Citizens' East Side Improvement Association takes excep¬
tion to the plans of the New Tork Central aa submitted to the
Board of Estimate, and have sent a petition to Mayor Low pro¬
testing against them and submitting various changes and addi¬
tions. The chief protest Is against the city paying the coat of
the bridges, and the principal change desired that the streets
be carried over at grade level. Mayor Low assured Richard J.
Donovan, attorney for the association, that the matter would be
taken up at the executive session of the board. The results have
not yet been made public.





REAL

Gossipj    NeWs





WORLD

and   Personals





The following are the comparative tables for Manhattan and
the Bronx for the Conveyances, Mortgages and Projected Build-
lOK* '<"* *he corresponding weeka of 1901 and 1902:

CONVEYANCES.

1902.                                                         1901

Dec. 12 to 18, inc.                                       Dec. 13 to 19, inc.

Total No   for Manhattan             22.'S       Total No. for Manhattan             IftH

Amount  involvedi   ......fl,fl80,3fi.T        Amount  involved.......?2.741.44.)

Number nominal.......             163       Number nominal.......             117

Total No.. Manhattan, Jan. 1 to date. .                    12.403                         10,20.>

Total Amt    Manhattan. Jau. 1 to date.         .i;i2t;.G45,214               ?139.5Gfi,l>17

1902.                                                         lOm.

Dec. 12 to 18. inc.                                       Dec. 13 to H). inc.

Total No   for The Bronx              lo       Total No. for The Bronx              75

Amo'unt  involved.......      $162,855        Amount  involved.   :.....      $140,97.")

Number nominal.......               58        Number  noroinal   .......               45

1902.                          1901.

Total No.. Tbe Bronx, Jan. 1 to dale...                    4,308                           4,143

Total Amt., The Bronx. Jan. 1 to date.             $9,419,240                 $10,670,160

1902.                         1901.

Total No.,  MuDhattan and Tbe

Uronx, Jan. 1 lo date......                 IG.SOl                       15.348

Total Amt., Manhattnn nnd Tbe

Bronx, Jan. 1 to date......      $13G,0G4,454           $150,2.17.077

MORTGAGES.

1902.                                   1901.

^-Dec.   12  to  18, inc.--,  ,— Dec.   13  to   19. inc.—,

Maubattan.        Bronx.     Manhattan.        Bronx.

Total number............                227                 54                 l^S                 90

Amount Involved    .......    $4,590,275       $207,0511      $4,578,544       $413,SSfS

Number over 57(,.........                  77                 20                   73                 4y

Amount involved.........       $514,0fi9       $113,675      $1,067,294       $176,59r»

Number at 5%...........                  53                 32                   43                 29

Amount involved.........    $1,157,906       $148,375         $949,500       $141,179

Number at less than 5%, ..                07                   2                   72                 12

AJnount involved.........     $2,918,300          $5,000       $2,561,750         $96,114

No. above to Bank, Trust

and Insurance Co.'s.....                 00                  3                   5T                 13

Amount involved.........    $1,800,000         $12,200      $1,606,200         $79,7o0

1902.                          1901.

Total No., Manbattan, Jan. 1 to date..                   10.621                          10,761

Total Amt.. Manhattan, Jan. 1 to date.         $272,331,724               $261,506,712

Total No., Tbe Bronx, Jau. 1 to date...                    3,295                           3,710

Total Amt., The Bronx. Jan. 1 to date.           $16.?0;i,63O                 $19,441,102

1802.                         1901.

Total No., Hanbattan and Tbe

Bronx. Jnn.  I   to date......                  l:!.9IG                       14.471

Total .\nit.,Manbattan and Tbe

Bronx, Jau, 1 to date......      $2S9.1.t.'>.:{04           $2S0,947,SI4

PROJECTED BUILDINGS,

1902.                          1901.

Total No. New Buildings:                      Dec. 13 to 19, inc.       Dec. 14 to 20, Inc,

Manhattan......................                         12                               16

The Bronx.......................                          20                                 8

Grand total...................                          32                               24

Total Amt. Kew Buildings:

Manhattan.......................               $682,250                  $1,961,3.50

The Bronx.......................                 129,525                         37,910

Grand total...................                $811,775                   $1,999,260

Total Amt. Alterations:

Manhattan.......................               $146,990                     .$204,965

The Bronx.......................                     5,000                           .S,6oO

Grand total...................                $151,990                     $2I3.61.j

Total No. New Buildings:

Manhattan. Jan. 1 to date.........                        811                           1,451

The Bronx, Jan. 1 to date.........                        S48                           1,643

Manhattan-Bronx. Jan. 1 to date...                     1,659                           3,094
Total Amt. New Buildings:

Manhattan. Jnn. 1 to date.........           $80,446,925               $108,466,070

The Bronx. Jan. 1 to date.........               6.418,625                     8.761,890

Manhattan-Bronx. Jan. 1 to date...          $86,865,550               $117 227,960

Total Amt. Alterations:

Manhattan-Bronx, Jan. 1 to dat£. ..          $11,222,570                   $5,516,425

-----------•-----------

Record and Quide Quarterly.

The Record and Guide Quarterly, covering the period from
July lat to September SOth, Is now on sale. Price, $3.
This number contains all the legal records concerning real
estate for the period named—Conveyances, Mortgages, Projected
Buildings, Alterations, Leases and Auction Sales, arranged al¬
phabetically and numerically. It is the only publicatloi. of its
kind, and is an indispensable realty reference. The annual sub-
dcrlptlon price is $10. for which the subscriber receives three
quarterly numbers and an annual omnibus number covering all
tbe transactions for the year. It is published at the offlce of the
Record and Guide, Nos. 14 and 16 Vesey St., N, T. City,





Gossip of the Week.





SOUTH OF 59TH STREET.

MADISON AV.—In the application of The Wyllys Co. for per¬
mission to increase its capital stock from $250,000 to $500,000 Is
revealed its intention to purchase from the Misses Stokes the
property at Nos. 35 and 37 Madison av and Nos. 38 and 40 East
26th St. The increase of $250,000 is to be preferred stock and
it is presumed is to be used to purchase the above-mentioned
property. The company also proposes to borrow $200,000 from
the Bank for Savings. The property was conveyed to the Misses
Stokes in 1SS7 by the executors of James Stokes for $265,000; it
fronts 49.4 on Madison av, has a depth of 175 feet, together with
Nos. 38 and 40 East 26th st, 50x98.9, which abutt the Madison
av property. It was olfered to the city this year for $100,000
less than an appraisement to be made by three real-estate ex¬
perts. Geo. R. Read appraised it at $500,000, E. H. Ludlow ^
Co. at $410,000 and Douglas Robinson, Charles S. Brown Co.,
at $400,000.

STH AV.—Morton F. Plant has purchased the plot 50x100 at
the southeast corner of 5th av and 52d st, and will erect there¬
upon a handsome dwelling. This site is part of the Roman
Catholic Orphan Asylum block which the Barney-Shelden syndi¬
cate purchased in December, 1899, for $2,450,000, all of which
with the exception of six lots they had resold before taking title.
The Union Club paid $700,000 for the 51st st corner, a plot front¬
ing 75.5 on the avenue and 160 on the street; the lots just sold
are part of a plot 125.5x150 which were transferred to the syndi¬
cate for $000,000. They sold 125.5x100 to the New York Realty
Corporation for $750,000, which corporation in turn resold it for
$525,000, and bought it back a year later for $1,000,000. In the
meantime it had, however, been excavated, and while the Realty
Co. took title, George "W. Vanderbilt, who is now erecting two
dwellir.gs on the southerly end of the plot, was the actual buyer
and is the seller to Mr. Plant. The prices which this 52d st plot
brought this year show a very material increase over the price
paid by the syndicate. They sold the 51st st corner to the club
for $700,000. This corner contained 13,566 square feet and it is
presumed that there was a profit to them in that sale. The 52d
st corner, admittedly the less desirable and containing only 12,566
square feet, this year sells for $1,000,000. The street lots also
show a steady increase. Thus the lot 32.6x100.5 on 51s£ st, 160
feet east of 5th av, sold in 1900 for $100,000 and was later re¬
sold to J. T. Farley for $110,000. A plot 30x100.5 adjoining
brought in 1900 $8S.50O and was resold for $110,000 in 1902 to
Ellen S. Melcher, who is now erecting a dwelling. The adjoin¬
ing plot, 82.6x10.5, sold in 1900 for $239,500, was resold in 1902
to William Hale's Sons for $268,000, and has since been resold
to William K. Vanderbilt, it is said, for nearly $400,000. The lot
40x100.5, 75 feet west of Madison av, sold in 1900 for $115,000.
and has been resold to James W. Henning, who probably bought
it on a speculation; on 52d st there have also been a number of
resales at advances. The lot 50x100.5, 100 feet east of 5th av,
was purchased by Edward Holbrook for $110,000, The adjoining
30 feet was purchased by Lonsdale Boardman in 1900 for $60,000
and almost immediately resold for $64,000 to Mr. Holbrook, who
has erected a 5-sty dwelling on it and has sold lot and dwelling
to Ernest Kempton Adar.is. The next GO feet brought at first
$106,000, was resold to Flake & Dowling for $135,000, and "by
them to Perez M. Stewart for $160,000, who erected two dwell¬
ings on the lots, one of which has been sold to August Heckscher.
R. P. Lounsberry and Robert Olyphant own the next two 30-foot
lots, for which they paid $54,000 and $60,000 respectively. A 20-
foot lot adjoining was bought by J. D. F. Lanier in 1900 for $44,-
500 and resold for $56,000 to Lizzie D. Lockwood. The laat lot
on 52d st, 25x100.5. is owned by H. D. Babcock, who paid .$52,500
for it in 1000. At the last-known prices at which these lots sold
the block would figure at .$2,931,000. The club site is included
in this reckoning at $700,000. and it is certainly worth consider-