New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-11-26
FEATURES IN REAL ESTATE.
RECENT SALES AND NEW IMPROVEMENTS.
WHAT Is GOING on AMONG BUILDERS AND BRohhH'

81, ,oforo Iost has finished for the time pelhB
tho 1co of,erinqs of real estate which persons IN
terested in the real estate business had oeeh ooAi
forward TO as test OF the conui'io"
the market Last week the larges' a"0
soos yorc If the property of the late John Simpson,
which Melted $3O0,750, and several oo" po"i
rorceIs sold by Morris Wilkins for $l90ooo' heS'-
COW that the recent sales have, on the
1nho,o encouraged them. They have proved tnat
thoro ia M extrayagant speculative spirit rampant
=; .ho morket but they have also brought ont some
favorable facts Downtown and uptown Improved
nroperties are in good demand, and while there Is
limited demand for real estate IN the yet uhlh-
nroved parts of the city, 1t Is suincleht I'D sho"
that no encouragement need be felt by the owners
of this kind of property. Dull as regards specuia
ton the market reflects good investment demahu
for lots and improved property and the prices IT,
Gently brought by mediumsized properties are con-
s:dercd good. Discussing this question yesterday
well-known broker in Pne-st. said;
1.-THE real estate market unquestionaDy SHOWS
every sign of health This fact is indicated by t"o
absorption of so much properly as mas peeu
offered of late. Indeed, it could almost be called
remarkably buoyant, considering the depression III
sto, ks and the high rates that money on call mas
commanded There were over 900 city lots included
in the sale of the Jumel estate Most OF them were
far away from the present lines of communication
II is true that the prices not as hlgh as san
cuine believers in the future of real estate Woulu
have liked to see. But their purchase proved Una,
there exists good quiet investment demand 1orre"i
estate in every portion OF Manhattan lSlahu' ~
great deal of encourag cement can De drawn io VI.
situation when so many people are Wiling W P"'
money in lots situated in imaginary streets and ave-
mes The real estate market has had no acti'o
speculation since 1850. What property mas DEC"
bought was bought for actual needs. Prices s''oo
then have steadily appreciated under an actuai u'
mand which has been constant Inc I'M
movement in prices has been soIeS
the result of the operation OF the Ia"
Of SIMPLY and demand. There is no Justification
for the idea that real estate is too high Tine grow
inc population Of New-York mnst neVitapB D pi!ns
about even higher prices everywhere wa
ers of property now are firm III lnrr pI,coS' "'
thew have every reason to he so. You VIII not sea
sneyuIatiye exercises in real estate until me Secu
ton III stocks runs itself ont ana peopie ,aHo 10.
money elsewhere for the purpose OF dulckN c.
ing il i'll amount. There IL a g0od INJURY i
pr0perty that can he easily reached by our NEAR
Of communication especially those OF rapid tra III;
Several parcels Of the ,Juma property were soid
NV the purchasers at an advance on the price par
by hem at public SAFE. l.. j. PhlliiPt VINO OVusu'
nineteen lots in Tenth-ave. has sold them 10 ~
inn Lalor, Of No Ill Broadway, az prices aoIo ot
500 lot above what he paid tor them lhe Po'
of ground the east SIDE OF HeEehtu- ~
between undred-and-twentY-hith ann O' Nv
hundred twenty this ts has Dteh s0lnoh l.
r. ID, Power to Hamilton A. Weed Of Brooklyn.lh Inc
price paid was $4,000. The corner lot auJ!lllhs
+ A. proprrty IN One-hundrcd and-i wenty-slXth-st
has ,,cen sold by MIR. Power 10 Charles Batchei0r
for $50 900. Nine full lots on the south SIDE OF
Nnrty-6fth-st between Lexington and tourth-
ayes have been sold by Frank Buckley. me nee
ord and Guide says that William Van antwerp mas
refused an offer of $4,000 ior ms seven S'oi{
BRICK ana stone apartment mousse AZ
Park-ave and SIXty-second-St., now Luiidlng
az well an ouer OF -. Tl2o'oO9
b--f :
Antwerp proposes to put up a handsome private
house. &. ii. George, the ar decorator mas ieas9u
fle Mot and house at The southwest cOrnerOf II III
ave and Twonuctil-st for five years, paying SlO-
600 the first year and $4,000 III each OF the re-
naming our years. -. .;,.
will be on Tuesday, when Richard V.
Farnett will oiler what real-estate men consider
to be really valuable properly r. Si1 ha hse
no recent sale OF property IL that helH notrnood
but it IS expected that good prices VIII be com
manded at Mr.. Harne,ts sale. Anoig the oHcTlugs
will be the plot OF ground covering nearly SIX lots
and embracing buildings and stores at Sixih-aye
| and Forty -seventh-st. O,her property to he sold
| embraces Nos. 81 West Iwenly-fOnltil-st ana 10
West Tnuty-lTs-St.. No. oG3 Sxtil-aye. aud No
44O East tlfty-seyenth-St. The store AT No ia
| SXth-ave. and the fou--story DrCWnslnne nat at
| Sixth-avc and Fif.y-sccOnd-st. will be offered at
| The Mutual Life Insurance Company has selected
| the archIi ects who are to prepare competitive de-
signs for It's pOpOSedbuldlug Oh the Oh fOSt OiHct
SITE The plans to be IN 10y December ., aud The
|
! plans have been furnished for five four stor, apart
| mcnt houses i'll Ninety hth-St., west OF lhrd-
ave, having Il frontage OF 10 and height
! Of ~ icet Each building Will cost about
! $4,000 new wing viii soon be ADDED to
The Grand Union Hotel, fronting On Foryiirot-St,
and costing about $4,000. The architects plans
| are i'm hand for a brick and stone church for the
| Episcopal Seamen's Mission. The building Will run
III an l. shape from houston to Nes-st andltS cost
Is put at abon T3OoOO nue. iou5siori ; prva,o
house, IN The modern Gothic style OF architecture,
Is to be put UP the north side of Fifty-sevcnrh-
St. between SIKH and seventh-aves. Eight
lour-story frSt-ciass private houses are
| ground recently bought by Charles Bachelor
at ocventh-ayc. and ACKNOWLEDGEMENTS
ST. Four three-sOry houses are also TO be built on
the south side of fityeghth-st., 200 feet west OF
Sixtn-aye., at a cost OF $4,000. A large apartment
house viii soon be begun by Gideon F0nn-
tain on an Eghth-aye corner, to Dc ave stories high
| and to cost 10000. 10000 iouT-StOry private
house is to be huIlt for A. ID. Farmer III Penepont-
| ST. at the head of Monroe place, Brooklyn. Will
| lam H. Beers, vice-president OF the New-YOrk Life
| Insurance Company, has ordered the erection of "a
| three-story dwelling In the English villa style in
| Yonkers at Palisade and GreenwOod-aves
Plans for eignt fOUT-stOry brick Hat HOUSES which
are to he built at Eilth-ave and One-huudI ed-and
thIrty-fourlh-st. at Of Sl4I 900, Gled al
the bureau of buildings yesterday 10y l.. WeIler, IA
| wealthy contractor oi Harlem. FIVE similar Hat
| houses TO cost . 100000 are to be erected at
| oud-aye and Ouc-hui dIed and-ifth-st. by Samuel
simmons. factory building seven stories high IS
to he erected III the Eastern Boulevard, at seventy
hIst-s.., BY Ldward Lriasner, manufacturer OF
| paper-hangmgs. 1T viii cos 10000.
There was recorded III The Registers Office yestc
| day the transfer OF property 1913 ieet by 1909
by % by 90, ~ 2G.y, by 4.G, by 70, by 1874, by
300, by I'll by 1897, on he south SIDE 0f Forty
| sev,nth-s beginning 100 feet east of Icnth-avc.,
| By Mr. and Mr. john Jacob Aston 10 Cosslett Dick
son for 1913 100. The ater for smaller cOnsldeia-
ton rocOnveys the property 10 Mons ii. man and
| another person.
HE 81. Vincent Hospital trustees have morgaged
the properly oil thdt institution Ii IWcifh-st near
S-venih-aye. Tor iOan payable Iii three years, o.
| $4,000.
| Property situated at the north wes corner of Lex
| urton-ave. and Ouc-huudI Observation-Disclosures, mas
been rtguged 10y Nh ami Mrs. CHRISTIAN johnson
| ior 81 20 900 10 A. Al. jackson.