Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 43, no. 1109: June 15, 1889

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Jun6'15, 1889 Record and Guide. 83? L. Stuart, who has 55 feet front ou the aveuue, and the other on the southeast corner of B9th et., about 50 feet wide, owned ' by Ogdeu Mills. The balance vacaufc, nearly foui- lots, flgth and TOtb sts.—Front covered by houses of Heber R. Bishop, Joha Sloane and others, with tho exception of one vacanfc lot in the centre. TOtb and Tlst sts.—Lenox Library. 7l3t and 72d sts.-Entire front yacant. 7ad and rad sts.—Northeast corner of 73d st occupied by passengers waifcmg room of Fifth Avenue Stage Line, and a soda-water and cigar store. The balance vacant, seven lots. * T3d and r4tbsts.—The WilhelmFickhardtresidenceonthesoutheastcorner of nth at, and the I'i'ancis E. Quiutard bouse on the uortbeast coruer of T3dst. jThese gentlemen eacb own 1(10 feet frontage on the avenue. 74tb and 75fcb sts.—Residences ot Alfred M. Hoyt, Jacob H. Schiff and two others. Four bouses aud fom- vacant lots. 76th and 76fch sts.—Entire front vacant. 76fcb aod 77th sts.-Saloon ou northeast coruer of 76th st. Balance vacant, seven lots, 77th and 78tb sts.—Two flne houses being completed. A frame cottage on the southeast coruer of 78th st. Balance vacaut, five lots. 78fch aud 70th sts.—Tbe Cook mansion, with grounds taking in the entire Irout and block. 79tb and SOfch sts.—Isaac V. Erokaw's mansion on tbe northeast corner of 79th st, taking in a frontage of 100 feet ou the avenue, including ground. Two other residences on tbe southeast corner of 80th St. Tbe balance vacant, two lots, aoth and Slst sts,-Louis Stern's house in centre, Tbe balance vacant, seven lots. Slst and 83d sts.—Two block frouts vacant. 8id and Sith sts.—The northeast corner of 83d st,* No. 1020, occupied by Wm. A. Arnold. The balance vacant, seven lots. .84tbaud85tbsta,—Five houses ou the northeast comer of SSth street, including those occupied by Richai'd S, Dana, Mrs. Susan G. Turner, Wm. Tucker anil Ed. P. Hatch. A seven-story flat being built by Ph. Braender, on the southeast corner of Sath street, up to the third story walls. Two lots adjoining southerly vacant, 85tb aud 86th sts.-Six houses, occupied by Miss Margaret Gi'iswold, Mrs. Jane Moffatt and others. The flat being built by Fred. J. Stone, on the southeast corner of 86th street, nearing completion. The northeast comer of SSth street vacaufc. SBth and STth sts.-The houses of Geu. Collis and tbree others. The two comers vacant, about five lots. 87th and SStb sts.—Entu-e front vacant. 88th and SOth slis,—Frout vacant, witb a frame house in the rear of two of the ceutre lots. 83tb aud SOtb sts,—Saloon on northeast comer of Sath sfcreet and another frame structure. Balance vacant, about six: lots. ■ Mth and 91st sts.—The Fifth Avenue Riding Academy (Antony & Runk's), occu- Sying 75 feet frontage on the avenue. Balance vacant, ve lots. 91st and 93d sts.—Shanty on rear of southeast corner of 9)id street. Balance, practically the entire front, vacant. 92d and 93d sts.—Jacob Ruppert's residence ou the aoutheaat corner of 93d street, occupying, with ground, a frontage of 100 feet on tbe avenue. The fom-Tots to tbe soutii vacant. 93d and 91th sts.—Entire front vacaufc. About 1 to B feet of rock on the southeast coruer of 94th street. 94tb and 95th sts.—Saloou on the northeast corner of 94tb street. Seven lots vacant. 95th and 96tb sts.—Saloon on southeast corner of 96th street. Sis lots vacant. 96tb and 97th ats.—Entire front vacint. About 1 to 15 feefc of rock on the norfch- east^orner of 9Gtb st. 97th and 98tb sts.—A one-story brick saloon and seven vacant lots. 9Sfch and 99th sts.—Entire front vacant; fenced iu witb sfcone. 99th and 100tb sts.—Saloon on northeast corner of 99tb et. Balance vacanfc, about six lots. 100thandlOIststs.—Entire frout vacant. Aboufc Ito 13 feet of rock on the soufch¬ easfc corner of lOlstst. 101stand 102d sts.—Entire (ront vacant, Abouti to li feet of rock. 102dandl03dsts.—Shanty ou southeast corner of 103d st. Seven lots vacant. 103d and lOJth sts.—Saloou on uurtheasfc coi'uer of 103d at. Seven lots vacant. 104th aud 105th sts,-Eutire frout vacant, lOathandlOGtbsts,—Kaloon on southeast corner of lOOth stand shanty in ceutre. Six lots vacant. lOBtbandlOOtbsts.—Three block fronts vacant, from about 10 to 15 feet below grade. 109thandllOthBt3.—Grube's Park Hotel. A four-story brick building, wifch a saloon ou tbe first floor aud rooms above, on the southeast comer of llOfch st. Also the Hotel Puck. Six lots vacaut. It will be noticed tbat the hne of improvement practically commences at 61st street and ends at about 87tb street. North of STth street, the Rup¬ pert residence is the only relieving feafcure, except it be the rather genteel front of the Fifth Aveuue Riding Academy. But wbat there is between 61st and 87th streets is all of a first-class character, and with very few exceptions tbe buildiu s ai-e all private residences. There are only two flats, and these are both handsome in chai-acter, and they come north of 84th street. The Progress Club will hardly aftect the surrounding prop¬ erty any more tbau the Union League Club does further south, The fact that one house, No, 81G, is occupied hy the Fidelio Club, aud another, No, 811, is to he cbauged into a first-claas flat, only affects the block hetweeu 6ad and 63d streets, Tbe character o£ the avenne is really determined. It is of a strictly resideutial cbaracter between 64th and 86th streets, while between 86tb aud 110th streets it will no donbt be an intermixture of handsome residences and flafcs, witb a sprinkling of buildings of a non-resi¬ dential character. An analysis of the property improved and unimproved shows tbe follow¬ ing results. Centi-al Park West is included by way of comparison: Fifth Ave. Cent. P'k W. Total No. of blocic fronts........................... Tota! No. of lota, about............................. No. of lots improved, about ......................... No, of lots unimproved, about...................... No, of flats and apartment bouses................. No. of strictly private residences.................... Miscellaneous buildings........................... No. of old frame bouses, etc., about................ 51 60 408 403 99 96 309 306 2 11 58 9 6 iS 35 30 Important to Property-Holders, BOARD OF ASSESSORS. No. 37 Chambers Street, i New York, Juue 8, 1889. f Notice is given to the owner or owuers of all houses and lots afCected thereby, that the followiug assessments have been completed and are lodged in tbe offlce of the Board of Assessors for examiuation by al! parties inter¬ ested, who must present their objections in writmg, if opposed to the same, within thirty days from date of notice: REGULATINQ, GRADING, ETC. No. 1,—Manhattan av, from 100th to 105tb st. [Tbe hmits embraced by said assessments include all the houses and lots situated as follows; No. 1.—Manhattan av, both sides, from lOOtb to lOStb sts, and to extent of half the block at the intersecting sts.] Tbe above-described liat will he transmitted for confli-matiou on the SStb day of July, 1889, Building and Loan Associations in Kew Toi-k Oity. Tbe building and loan associations have excited so much interest of late that a reporter of The Record and Guide weat to see John T. Canavan, of the Home Seeker, to secure information about the progress they were making iu New York City and its vicinity. Iu reply to a question as to the vitality of tbe associations, Mr. Canavan said: " In spite of the fact that in point of time building and loan associations are not so vei'y young, nevertheless they possess now all the enthusiasm and vigor of youth. The men connected witb them are confident that these associations till a real need, and that tbeir advent will do a great deal to make it easier for a mau of moderate means to provide himself with a flre- place and a roof. This hopefulness and confidence is, perhaps, more mani¬ fest in the neighborhood of this eitythan elsewhere. In places like Phila¬ delphia, Rochester and Minneapohs, tba buildiug associations are more numerous, botb absolutely aud proportionally, thau tbey are here; hut New York and its neighborhood is just beginuiug to wake up io the benefit to a poor man which may flow from a wisely-conducted association, and iu consequence tbey are increasing steadily." " At wbat flgure" asked the reporter, " would you put the number of associations operating iu and about New York Oity ? I see tbat W. A. Linn, in Scribner^s, limits tbe total within the city limits to thu-ty-five." " Mr. Linn's figures are not entirely coi-rect," answered Mr, Canavan. " There are forty-six associations in the city itself; and there are at least eighty more iu the outlying districts, the raembei-s of which so generally do business in New York that Jn speaking of tbe New York associations it is hardly right to exclude them. In tbese 126 associations there are close to 35,000 shai-eholders, a number which does not seem so large when com¬ pared to tbe gross population of tbese districts, but whicb grows in size when we cousider how many of this total population are either too rich, too poor, too Bohemian, or too thi-iftless to wish to take advantage of the opportunities which an association offers. At the same time these 3,5,000 men do not begin to include tbe aggregate which may very possibly he formed wheu the aims of tbe associations are appreciated aod popular¬ ized as fully and widely as they are in otber places in this country and abroad." " Wbat means are being taken," asked tbe reporter, " to spread among the right kiud of people tbe ideas of this movement ?" On tbis point, Mr. Cauavan's modesty natm-ally made him reluctant to speak; but after some little persuasion be consented to confess that he thought really important work was being done by certain of the papers connected witb it. " Tbere are four papers in the city supported bytbe associations," said be, "twoof which are doing good work—the Some Seeker aud the Building and Loan, Association News. In answer to an inquiry as to the amouut of business the associations do, Mr. Canavan said: " Although there are a numher of associations in New York City, they do but very httle busiuess u-ithin the city limits. The houses built are intended for New Yorkers, and are erected within a radius of thirty- five mUes of City Hall; but the price of land south of the Harlem is too high to permit a poor man to build. The average loan to shareholders is about $3,000; aud a man who can only afford to spend tbat ou his house is not very likely to pay more than $700 or SSOO for his lot. The mortgage filing for the various suburban towus show that about $3,000,000 is speut yearly by tho members of the associations, whicb means an increase o£ a thousand homes a year. It is tbe I'eal estate dealers in the outlying tovms which get tbe advantage of this, and it is said tbat iu some places which bave heen popular aniong the associations tbe dealers depend exclusively ou them for business." "How about the premiums?" asked the reporter, "Mr. Linn, in his article, says tbat houuses as high as 60 per cent, have heen paid for loans in tbis city. Is that at all a common occurrence?" " Not at all," answered Ml'. Canavan. " In exceptional cases they have ranged very high; but as a geueral thing they average exceedingly low. In fully four-fifths of the associations they are of but slight importance," "In what way are tbese premiums paid?" was tbe next query. "GeneraUy on tbe monthly installment plan," returned Mr. Canavan. " Tbis method bas heen found hy experience to be by far tbe most secure, I ean recoDect witbout any trouble six associations whicb, starting on the ' gross premium' system, have found it wise to crhange to a system of pay¬ ments by monthly installments, ———«--------- ITotes ffom Lakewood, Lakewood, N, J.—The season at thispopular winter resort ended two weeks ago, wheu the Laurel House closed its doors until next fall. There are hut few boarders left at the cottages, and mauy of the residents Of tbe place have either gone or are preparing to go to mountain and seashore resorts for the summer months. The season ]ust closed has heen a success¬ ful one, aud although a few houses were unoccupied during the winter It was owing to their incompleteness rather thau a lack of teuants. There was an excellent demand for houses, hoth to buy and to reut, and it is said many desirable people went elsewhere owing to a lack of suitable dwellings. The Hotel and Land Improvement Company, large land owners here, do not build any houses themselves and, it is said, discoui-age their erection in advance of their being either sold or rented. In tbe way of building there is uot mucb doing, although duriug the week a few jobs bave heen commenced. By far tbe largest and most importaut is the rebuilding of CUfton Hall at the corner of Clifton avenue and 3d street. The old hotel, wbich was a two-story frame structm-e, was burned to the gi-ouudlast March, and although uo lives wer-e lost, few of the sixty or seventy guests saved either their clothing or valuables. The fire commenced in the early morning aud, as there was a high wind blowing the hotel was soon burned to tbe grouud. On Wednesday the preparatory work of excavating was begun, and Builder Arthiu- W. Oliver, of this place, who has the contract, says work wih be carried on with all possible dispatch, Tbe new Clifton HaU wiU be built after plans by Frank Bodine, of Asbury Pai-k, N, J., and will cost the owner, J. R. Palmer, $50,000. It ' wiU be three stories high, of briek, aud Wiil have a froutage on Cliftou