New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-24
PHASES OF THE REAL ESTATE MARKET.

off people who arc rich would onlymake christ
mas presents of houses ana lots, salu io f mar
broker yesterday we would naSe ilT Tier "a fra
dtion In our business of Hebrew VINO pIesouhoU y
his married daughter with $lo'Voo HOUSE, '"'
there was 81 900 mortgage on IL . 81
fcted with the holiday season duiness pue 'n.i,
very fact bringainto more prominence the SUE DE-
with which prices continue 10 De dnnossd to wait
until after the Ncw-Ycar before pressing tlSiI VI
ferings and the general temper OF DrokGts r. l.
that better demand Will then be deveiopGu. ,ham
a noticeable fact that fewer auction sales 'ua f
sre usually held at this season ,rt W
the wear have been announced. Inc Inc
coming sales are few and also small III ,r tno
amount of property to be offered. III seems unu =;
niabe that there is a strong, conservative ciass "a
possession of property which Is for SAFE anu W.
is no disposition TO test the market by nDeIaI ~
ings The private sale of the Ehret property, az
Eighty-thIrd-st and Eifth-ave which was repoi.edd
in The TRIBUNE last Sunday, Is CONSIDERED 800 S
one in real estate cirGiel .rneld in of Arnold L.
Constable who lives on the corner opposite W ~,
new purchase 1t is not known what Mr. AIH aTat
proposes to do with the land 1t is suggesteu tnaI
he intends TO resell il under restrictions when WI.
prevent the erection OF any building men ne
cons der detrimental TO the value Oh n's ~ NJ,
This property was bought ny ueoIsof go 600 now
1880 Tor 81 So 900. The advance OF ooo,ouo ; nom
obtained on that price is regarded as IalI Cusi1
ing that no improvements were put uPoh 'no i'nu
10y tue owner. 10 "a that
l,,IaV
of the Fifth Avenue Plaza lots 0y the hhueI
son estate TO Jared Is. Flagg tor YooV'ooY IA Sd'n
There arc twelve city lots III TINS parcel WIN
frontage on the plaza of 200 teet extending Honi
Fifty-eighth to Ffty-ninth-sts., 40 leet III THY
ninth-st ana l25 feet in Fifty-eghth-st M flaRg
was the originator OF the honle-ciIp PI 'u 70
aDartment houses, and The R0Ord ana G"tue saS
that he intends TO erect building on tnls sIVunu
after that plan, to be ef orlcK anu sVono.
fronting on the plaza. lot IN ~ Rchsr for
$50 900 OF $40 900 per city lot, plce apoNo ma s
ever realized heretofore for vacant property east Vi
Central Park. IL Is matter Oh gcheIal SUI PilSo
among real estate brokers that capllal scehIns IL
vestInent lii real estate SHOULD PIetoi Prsvions
OF the Park so decidedly TO the west sue. IieslVuS
TO 1873 the difference between properly lying ue-
tween SlXty-tOurth and Seventy -sec0nu-st -
cast of tifth.ave., and that west oil Elgulh-
ave, was only 50 per cent III favor % tno
east side To-day lots in that part OF the Guy oe
tween Fifth and MadlsOn-aveS. are selHnB az
$40 600 TO $4,000, while between Elght Ido anu
Nnth-aves similar lots bring only TS,ooo OF OF
$4,000. with the extension OF the idci'IUS ,U
Tapld transit il was expected that speculation
woud take mold of the west side near the aTk' ouV
II has done so 10 only limited extent. mere arc
many holders OF property, however, VINO pelleNe III
the future OF that part of the city when le WeSt'i
part of Central Park and Moningslde Park snail
be improved. - -.
lie plot of ground at the southwest corner OF
IexugIOu-aye aud Fifty-third-st. has been IekOiu
bV Gideon Fountain to John DAVID on lOI CLIO VVV'
No. Is East Thrty-secOnd-sl. has been Dohgh ny
w L. and A. NJ, Parsons for $55,Oc0. lhe pIoI vi
ground at the southwest corner OF fitth-aVe. anu
One hundred Observation-Disclosures has been sold by
Judge Van BTunt for $4,000. Fourteen lots ~
One-hundTed- and-eighth-st., between SecOnd anu
Ihild-aves., were solu last week for Sl0O'OQU.
The Real Estate Trust Company, OF when vernon
K stevenson Is president, has gagged 10 a; par
ton Hepburn property on the Washington hIus0
Road to secure the payment of go 900.