, 1877-02-11

NILES OF THE COURTHOUSE.
11elne st. 150 st : OF ArmtaEe road, c (.
2'1l1' #, with building, dated Feb. rs !, 55t
cahinrnla az. near cor Cortland st,
| 1..OxlCO # with buildings GATED Feb. 9 z, 600
Aeinc s. IS It n Of N'abansfa, w I, FAX
10 $40 #, with hni1ding, dated Feb.
1o'..'"---.....'-' -.....-.-.........-..-- 1,45t
SUMMARY OF TRANSFERS FOR THE WEEK.
The following is the total amount OF city and
suburban transfers within a radius OF seven
miles Of the Court~H ouse, filed for record
during the week ending Saturday, Feb. To-: City
sales sales, 70; censdcration, s695. North Of
s+, stg limits: s3les 81 eonsideration, slo,s60.
$40: 4eo. West Of city 1imite: Sales, i; consid,,
eration eratiion S9S Total sales, 90 Total consd
RENTS.
II Is as yet too early to speak with positive
ness about the range OF rents for the coming
year. There have been but lew interviews M be-, be-
1, tween landlords and tenants. A decline Of per-
maps Is per cent Is confidently expected in rents
OF tue larger and more costly houses. The de-
mand Tor cheap houses, renting from SIS
10 10, soo month, has improved in the last
L~o or three years, as that OF higher
priced Pr dwellings has fallen away,
The future with regard to business rents is
still more dubious. Choice locations will COM
mand choice tenants and good rents. but on the
average there seems little reason to expect eEcn
that rents will remain where they are. The
times are hard, business has been quiet, and the
value OF real estate and the COST OF building
have declined These are the causes that usual
II produce decline in rents. Although there is
no over:snpply Of stores, there is no such keen
competition among tenants as might counteraet
the tendencies to fall in rents.
RENTS IN NEW YORK.
large real-estate dealer in New York gives
it as his opinion. in an interview with reporter
of the New York Herald, that there must be
general reduction Of rents:
Business men, be says. are everywhere losing
money, and cannot continue TO pay the present
prices so long times remain they are. He be-
lieves that one-thtrd OF the tenants Of business
houses are in for rent and that many Of
them will go out OF business rather than stand the
strain ofanother year. BIZ: Stevenson mentioned In
stances where money had been spent improving !
good store property in the best part OF the Bowery
and for whc it vas next to impossible to ind ten
in the most desirable parts Of the CITY, were BRING
lug very poor rent As an instance, he quoted one
case OTIS house for which ss,o 900 per annum was !
asked, and which finally leased for 81, 900. 4 |
revival OF business, Mr.. Stevenson says. is the |
only thing which will check the downward tenden-
cy which now exists. and will until merchants ind
It profitable to remain In the business.
REAL ESTATE IN NEW YORK.
The transactions at the Exchange during the
week were without notable incident. All the /
sales were OF judicial character, aud the vol
umc Of business has not increased. There is no
question, however, that since the settlement Of |
The complications attendant upon the late Presi-
1cntfal election, better feeling prevails in the
public mind, and We look with confidence to
recovery IN real estate.
During the month Of January the number OF
foreclosure suits commenced in the City OF
New York was 21s. against 1879 for the CORE
ponding month Of 1876 Between the 18th and |
LIST days Of January, inclusive, the number of
onveyances Excluding property transferred
yantsl fled Tor record in the Registcrs'
hice, was 1872, against 1872 for the pre-
eding week, the aggregate consideration =,
eing s2 534 ,26s, against 81, s34 last week.
welve deeds, conveying property in such wards, 9
ere recorded, the amount OF consideration ex-
rcssed in which is S3l 600 The total amount
mortgages filed within the above named dates :
s755, ,7S9; OF this sum, SlO5, 600 Was borrowed I
6 per cent, and trustand insurance com panies
aned So29, ,3SL-lVeap York Reat EState record. Q
REAL ESTATE IN FLORIDA.
While property in other States is depreciating I
value and sales are stagnant, Florida proper =
was never more valuable or salable, especial e
property On the St. Johns River in the neigh q
rhood OF Jacksonville. The largest sale OF u
e season is the purchase of the Laurel Grove =
operty, about fifteen miles south Of the citv, le
the west bank Of the river. This place nus a
st been purchased by Mr. e. r Benedict for |
I, o,0o0.-JacksonufAe {f7o.) Union.