1050





Record and





June 3, 1899.





to a piece of acre property, which heproeeeded to cut up into some
■aOO lots. Enough were sold at auction to meet the immediate
requirements of ifinancing the operation, public sale incidentally
.serving to advertise the property and start constructional work.
The remaining lots were sold privately to speculative builders at
<;ost. on the condition that the profit which should result from the
.sale of the improved lot should be divided proportionately be¬
lween the operator and the builder. It is said that in the three
^-ears which it took to develop and dispose of the holding, the
operator, after making every possible deduction, including his
■own living expenses, retained a net profit of $.55,000, with which
lie has embarked upon another similar venture.

Colonel Duffy supports his suggestion that the GOth Regiment
j^rmcry he established on the.block between Lexington and 4th
.avenues and 25th and 2Gth streets, instead of on the site of the
■College of the City of New York, by the following statement re¬
garding the respective values of the two sites: "By the purchase
of property on Lexington avenue and22d street and one lot on 23d
street-we would get an area of 200 by 220 feet," said the Colonel.
-■This space is not large enough for a regimental drill room. Be¬
sides, to get possession of this property would be very expensive.
Abram £. Hewitt wants .$240,000 for his property. Gen. Webb.
President of the City College, wants .$80,000 for his house and the
two fiat houses cn 22d street and the building and lot adjoining
the college on 23d street are valued at $50,000 and $35,000 re-
specUvely. This foots up to over $400,000. The value of the col¬
lege site with the two lots on 22d street is estimated at $585,000.
I am infcimed that the site I have selected can be obtained for





$650,000. The city can get possession of it in six months. It will
give' the regiment an area cf -CO by 400 feet, the same as the
drill floor of the Seventh or Twenty-third Regiment."

J. Romaine Brown & Co. have leased No. 32 West, SSd street
to Dr. Thomas T. Gaunt for three years.    They have also leased
No. 31 West 32d street for a similar term.    These properties were
included   among   the   half-dozen   or   more   4-Si:ory   brownstone
dwellings in 33d and 32d streets, between 5th avenue and Broad¬
way,  sold  through J.   Romaine Brown &  Co.   in April,    Another
of the houses will presL-ntly be altered by the insertion of a store¬
front,  and still another will be occupied by a milliner.    At the
time of the sale the buyer's name was withheld from publication,
and there was much discussion as to whether the purchase was
made  for  speculation or  investment.    The  properties  communi¬
cate in the rear, and it was reported that the buyer intended to
erect a 14-story hotel similar to the neighboring Martinique.    The
three-year leases dispose of this report for the present.    It is not
without  interest  to  note  that Dr.   Gaunt  was  the seller of the
house which he now  takes on lease.    According to  the convey¬
ances, the buyer proves to be Michae! J. O'Shaughnessy, Jr., of
St.   Paul,   Minn.    For No.  30 West 33d  street,   lot  17.0x98.9,   he
paid .$00,000; for No. 30, on the same street, lot same dimensions,
$51,000; for No. 35 West 32d street, 25x98.9. $75,000, and for No,
31  in  the same street, 25x98.9,   $70,000.    To   the other  premises
title has not yet passed.    Jn this connection it may be noted that
the dwelling at Nos. IS and 20 West 33d street, belonging to the
Astor estate, are in process of alteration to stores and offices.















rj -...





BU'LDING   K!AT£lilAL    MARKET.





Tbo tene of the market is one of great strength, and the impor¬
tant changes were in the direction of higher quotations, except
in oils where declines are noted, 'Arrivals of brick to Thursday
evening were 60 barges; demand was good and prices well main¬
tained. Lime was scarce, but prices were unchanged by that
±aet. In cem-ent the price of Rosendale, carload lots, was ad-
■vanced to 90c. Arrivals of spruce lath amounted to 4,000,000;
quotciticns for spruce slab were .i;2.30@$2.40. Wire nails ad-
-vanced 25c., the quotation now being: $2.45 for carload lots f. 0.
1). mill Pittsburg base; .?2.70@$2.75 small lots, mill shipments;
$2.00 for small lots out of store. Quotations on cut nails are un¬
changed. Steel billets are $1 higher. Plate glass is 75 and 15%
instead of 80%, as heretofore, with the market firm and demand
<iuite good. In naval stores, the only important change was the
advance in spirits to 43^c. for machines and 43c, for Southerns.
There was a drop in oils, linseed falling to 39c. for 5-bbl. lots, less
than 5-bbL lots are unchanged from 44c. Calcutta dropped from
SSc. to 54c.                                                               __                ______.  _.





■^r-.rnrg'. y^w:::^





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Building Hews.





APARTMENTS,  FLATS AN'D TENEMENTS,

98th St, north side, 20(| feet east nf Madison av. four 5-sty brick
and stone flats, on plot. 1.0x100.11; Otto F. Degner. 99 2d st,
owner; Edw. Wenz, 1491 3d av, architect.

Boston av, southwest ccrner cf ICSth st, 6 or 7-sty brick flat;
cost, -$00,000; C. E. White, 9?5 East 169th st. owner; Neville &
Bagge. 217 West 125th st. architects (plans only).

Union av, southeast ccrner of Denman pl. 5-sty brick four-
family fiat. 40x100; cost, $30,000; W. C. Dickerson, UOth st and
3d av. architect.

1st av, northwest corner of 112th st, four 6-sty brick and stone
tenements and stores, 25x87; total cost, $100,000; Davis Karp.
105 West st, owner;   Max Muller, 12 Centre st, architect (plans

only).

149th st, southwest corner of Brook av, 5-sty and basement
brick and stone flat, 35x85x90x44; cost.$45,0C0; John C. Giese,715
Prospect av, owner; Lorenz F. J. Weiher, Jr., Park av and 125th
st, architect.    Corrects error in our issue of May 13th,

Tth st. No. 114 East, G-sty brick and stone stores and flats, 25
^S2; cost, ^•'■^5,000; Fay & Stacom, 238 Grand st, owners; Chas,
Hentz, 153 4th av. architect.

nth St. Nos, 323-327 West, norlh side, 117.3 west of Green¬
wich St. three 3-sty brick and stone flats. 73.Gx irregular; Joseph
F. Doyle, 795'St. Nicholas av, owner; Neville & Bagge, 217 West
125th St. architect {plans only).

liith st, south side, 75 feet east of 8th av, G-sty brick and stone
apartment house, 40x116; cost. $60,000; S. A. Robinson, 74 East
llSth st, owner; G. F. Pelham. 503 Sth av, architect.

53d st, Nos. 209-213 East, two 5-sty brick and stone flats, SOx
1)0; cost. .S!28,000 each; H. 'Wolff, owner; Schneider & Herter,
Bible House, architects.              ,

lii7th st, northeast corner of 1st av, four G-sty brick and stone
stores and tenements, 25.11x108 and 25x98; cost, $110,000; Tobias
Krakower, 32 East 132d st, owner; G. F. Pelham, 503 5th av,
architect.                                                           _ _..        _ _       '         ■ „    _





134th St. southeast corner of Amsterdam av. 7-sty brick and
stone apartment house, 511x100; Mr. McCormiek, care of archi¬
tects, owner; Langer & Bintley, 192 Eowery, architects.

144th st, south side, east of Amsterdam av, 7-sty brick and
stone fiat, 25x100; Michael Werner, care^ of architects, owner;
Langer & Bintley, 192 Bowery, architects.

IGSth st, north side, about 100 feet east of Fulton av, 4-sty
brick and stone flat. 19x80; cost, $20,000; James T. Barry, 1140
Boston av, owner; Edw, W^enz, 1491 3d av, architect.

Downing st. No. 25, 5-sty and basement brick and stone stores
and apartments, 25,9x59; cost. $16,000; Charies Weinstein. 192
Eowery, owner;  Schneider & Herter, Bible House, architects.

Perry st. No. 28, 5-sty and basement brick, stone and terra
cotta apartment house. 25.3x72,3; cost, -$18,000; Charies Wein¬
stein, 192 Bowery, owner; Schneider & Herter, Bible House,
architects.

122d St. northwest corner of Mt. Morris av, two 7-sty brick and
stone flats, 100x100: cost, .'^1109,000; Thos. J. McGuiie, Jr.. 1454
Amsterdam av,  owner.

112th st, Nos 123 and 125 East, two 5-sty brick, stone and terra
cotta flats. 25xS5; cost, $4ll,0i 0; Padwell & Perlstein, 232 East
Broadway, owners and builders; Sass & Smailheiser, 23 Park
row, architects,

Bleecker and Jcnes sts, O-sty brk, stone and terra cotta fiat,
with stores. 27.1xS0; cost, .$28,(100; Kauffmann & Glass, care of
architects, owners and builders; Sass & Smailheiser, 23 Park row,
architects.

4th St. No 57 Erfst, O^sty brick, stone and terra cotta tenement,
with store, 25x96.7; cost, $20,CCO; Jacob Sommer, 170 East OOlh
st, owner and builder; Sass Se Smailheiser, 23 Park row, archi¬
tects.

3d av, northeast corner 174tii st, three .5-sty brick, stone and
terra cotta flats, on pPot £0x100; cost, $6U',O0O; E. Feldman.
southeast corner 3d av and 173d st, owner and builder; Sass &
Smailheiser, 23 Park row^, architects.

DWELLINGS.
54th st, Nos. 52 and 54 East, south side, 125 feet east of Madi¬
son av, 5-sty brick and stone dwelling. 23x100; John D. Wing, 22
William st, owner; Babb, Cock & Willard, 3 West 29th st, archi¬
tects.

MISCELLANEOUS.

42d st, Nos. 205-211 Yv'est, 3-sly brick and stone theatre on plot,
70x104; seating capacity, 1,200; cafe in basement and roof gar¬
den; George M, Janser, lessee; John E. Kerby, 722 Tremont av,
architect.

74th St. Nos. 112 and 114 East, 5-sty brick stables, 50x100; cost,
¥30,000; E. Banfield. owner; L. Korn, 37 Maiden lane, arcbitect.

ALTERATIONS.

123d st. No. 22s West, alteration to 5-sty brick and stone Oat;
alterations to consist of repairing damages by fire; Thomas Gra¬
ham. 123S Madison av, architect.

54th st. No. '.) East, new front, taricl; extension and interior al¬
terations to dwelling; Andrew E. Douglass, on premises, owner;
York & Sawyer. 156 5th av, architects.

Washington st. No. 69, interior alterations to store building;
Saline Elias, owner; Harry Witmer, 1432 So. Penn Sq, Philadel¬
phia, Pa., architect.