New-York tribune., 1880-04-05

The advance in the prices of real estate for tho
past year, but especially within tho last few
months, has extended throughout Manhattan Is
land. the Annexed District and Brooklyn, but has
been unequal in different places. Some property
has increased in value 100 per cert, but the
| general advance has been much below this. Rents
have been raised everywhere i'll the city, but not
in proportion 10 the rise in tho price of property
Tenants are said, for the most part to submit
cheerfuy to the increased demands of landlords in
view of the improved state Of business
VIEWS OF REAL ESTATE DEALERS.
THE ADVANCE NOT CONFINED TO ANY SPECIAL
PART or THE CITY-SOME RECENT sALKs-
REN1s OF DwRLLING-HoUsES INCREASED LESS
THAN THOSE OF STORES.
One of the generally accepted signs that the
revival In business is substantial is the fact that
usual activity prevails in real estate Many build
ngs projected property ia exchanging hands fire.
quenty at advancing prces and. rs Il consequence,
rents Lave been raised, and III most cases the
advaaces have been accepted without much demur
Careful investigation made By TRIBUNE reporter into
the sales Of real estate and inquiry made OF real estate
dealers prove that real has advanced certain
parts Of the city since last Juno nearly 100 per cent The
largest advances have occurred on tho west dc Of the
uptown district Rents have also from 10 TO
40 per cent, according TO location.
One of the largest dealers In west side uptown prop
ertv is JOIN McClave When called upon by TRIBUNE
reporter lie said Thc advance in real estate il due to
the fac; that times better. Money crculates more
freely and there is less tendency to hoard Capitalists
begin 10 show renewed confidence In landed property
Manhattan Island. Present values not fictitious.
Real estate for long time greatly de-
pressed ard was led at very low figures The
activity and advance simply the natural and leg III
mate results Of better times and restored confidence.
The principal alyanccs have been made uptown. Rapid
transit has hadof something to do with it, Let me
give some instances OF the rise in values. Sixteen lots
on Marnngside Park sold June of last year for
$28 00O They sold again In October for $50 000
Before The money had Eeen paid over they sold again
for 000 and the present holder has refused $4,000
Lots on the Avenu" St. Nicholas have doubled III value
Sin C last july. Several lois in One-huudredandhry
first and ihiriy-sccondss. extending
from Seventh TO Ei;bhaves. were sold last August for
$500 apiece. They sold two months ngO for
S3,250 each. Six months aga Vim. a. Darling bought
lois in Onc-hGnircdaHd-,hir;ysr srconds between Sew
enth and Eightl-ayrs for - $50 each. lie sold tnem
three months for 1920 each. ana they are now
valued al $500 cacn.
In regard to rents: AS property increases In value II
is natural that rents shou be 80 as TO yield
certain percentage OF inc ease 10 the holder. This In
crease cannot always he o. uned but as business Is III
an improved state money AMI times are better;
there not much variance D! opinion between the land
lor Is and tcir tenants tho former generally ar
range for advance In Harlem think aIdOTuS
have views those OF III, tenants and asking
tn they legitimate increasc would bc
from 10 to 20 per cent Some landlords want 40
per They will not generally get what they ask.
Il Is probable that rents will get lower The amount
which has been oba,d heretofore by taxing bank stock
will rrraf cr have 10 h. borne IS real esat, and the
rate of tax will 10 iic:eAscd The property Uwnrrs
will d,sr; To BE- reimbursed ;or THIS III tonal burden
aud esp the tenant 10 pay II. THIS another FlrmIt
Will hc al c to those nlrrn 'yrxrtng to kcrpu rents"
IITEOVEMENT ~ DOwN-TOwS PROPERTY.
The rruriur then called Miller Co.. VII, have
a arsc amount OF propry fjr sale ana 10 rent IN all
pal u Of the city TIc senior member Of tho linn fur
nishcd tn follow iGg facts aud lgurrs;
"AmOuG IN. recent sales Of down town property,
when indicate tai the advance prices not spccu
la;ivc confined to up town localities distant from
the Lmslncss centres. arn the following The small
pre- misses No. lO5 Fn.iUn-7t. were sold on March
for $4,000 Two thrccstory brick stores AMI
dwellings and three story brick dwelling at
East broadway and Mlleis,.. brought at foreclosure
sale S@00oo Tnc buildings are Of mn value. md tho
part of ihr clfy nv-sori sorr and i"i"nrnl-aousc
M E.'cx and licslrr> iS-"nSiirrd undesirable n To
March - cic Ties, ~hlcs nn the EaH. siir o The city
IN hicy populated districts To- show tai lhr increase
N yiu - ~nry ire r"n fictitious ilurncrs ana IL
lu" Unnatural cau.e. pa M.rrh H. ihs Mutual life
So. .UUG par of tnc nvr-Si"ry birK siorr IN Moirssi
H. yrig icri wr.i O BrOlGWay.nn aot ~ htt wa ana
80 frt deer. Af0uT>t nv bfi.E non 9 ~ 40.
~ scv,nt i-sf., was G'cdch March II by thr'~il'h
an
,orc hrcl, dMcj,rug Nu 81 Ninth {. sold b., Id
ward =. u Hoa2nty 10 John o. Wyckoh 'lartn ~, Tor
sISuOJ Tns Is coa""irred c"n''drrdDc advance
:. t;"ias ltlir inrihrr uptown inl that The four
assd ON Mnrcn - from the hands Of Harriet Ganlner
10 IicrO Juicn. for S%73oO siuiilny eoS.iuc TO-
60 IOp Tie ionrtoiy stonc front dwelling No. 20
Mes rWs|'N r. T.. jana. %a DGfH e prs l,h'' FOR @o0oo
I'n,s IL con ,iderrd II good sale SHOWING rlsn III
t"ur.stniy stone ront dwelling. No. ~ West Thhyscc
nGst. the same day passed from lhe owI&srSnip & 81
r72JO Tir fpursury stone front dwelling house. Nc.
q st DeGnsnS & 10 thS wuoW OF
Eth II Byen for $l7 BOP AT the sOntawrst corner of
I nr EI m's lo!d ty on lc - by Mrs Fr.s Sao f.
Iollate 10 Mrs. My G. D'd &c. FOR I'll .0uo
n WI y".ncs f' Tnu % the onrsiory sio" frr dwelling 80
IL East sixy-sxth-s on lot 20Al0O irrl. pass on
Ahralan Cohn tor $3p.n0O a similarly CONSTRUCTED
lousc in The same block wnsh WAS sGld year aSo ior
,ordug 10 ne rates prevailing az that time. The onr-
."s ."sS souG docrd Marca II by Ardrrson Fowsr
% 90 Mis- ' cordra Barnard for $33,0oO. nndrr.
t:i5 OOG since the purchase. bnt has refused IT.
ginr Tile further ward on the business thorough
cn~ms1. Nos 3sI 5s3 an is5 frayr on Iois
10 c:J vile by 80 cc N dcpth about midway between
;cvcnfy-ri.hth and S,ycnty-nin lsis. THESE were
Fought on March by Simon Herman from Ju'In' Buuzl
orr 300 rne house; are ndIOw' not considered eX-
oil for more Than S3OUO0, although they VT r. worth
Nj. IlrIinan mas EOl LOpu nTiln ann can ul-
loulic'y olt1ln Of the property than ne gave for
[, y unn proved property III Ninety ve.ill-
IT, 1ODXlC0 Feet. or eight tul lots was sOd urd fore
o>ure March g. to Samuel V. Hoffman, flr 80, ,-'O
Perhaps Of ;he best illustrations OF acuii.y IN
ra estate may be seen IN the sale witch 0crnricd
cw days ago OF vacant lot at the northeast corner of
'ifrI-avc ASA Forty mnlh-. 3ixl00 cet and ne n'l-
dining vacant lot In FOr,y-Dinth4t 2JXlOO cri which
we're purchased together by Anthony MOwbray lr0m
Irurv J. Barney Tor Sl1O.OOO.
Among I'll. sales OF downtown property az indica-
ivc of substantial advances In prices, all OF which have
rrl mace within thirty days, the following: The
hrcc.story hr!ck store and dwelling No dol Cinasi.,
nd 10 nave brought urdcr foreclosure k2l .9J0 tAc
vr-siO-y br * store and tenement No 22O laneyst.,
nd on March 2. Tor SlS,U0O; the f1dr-story nrch |
yaIehousc Nos. G7 and 90 lrOnts;., sold for - f0DO