New-York tribune., 1883-03-11
THE RsAL ESrlTE MARKET UycH1NGfD.
LARGE BusINEss ~ IMPROVED rEorERrr-sALEs
REPORTED.

\
REPORTED.
The real estate nTkct pTomi~cs 20 become monot-
ouou, iu 10. weekly features. Since the opening OF
the new year the course oi operations ha' Dren
about the same flom week 10 Wcch Iaigo
bu,incss is done In improved proprrty, Wnlle
vacant lots ara slow of snle. Auction sales me
lively one week and dull the nr1i, ana no photo-
graJh OF the market can bc obtdlnrd nom lncI
Properties that yield an assured income are rrady or
sale and there appears To be no ahntemtHt IN the
demand for downtown business buildings.
In some of the latter cases signs of an
advance even manifest. IL IA reported
that tne syndicate which purchased the property oil
time ago have received numerous Offers in adj
vance OF the price paid by IT, The most striking
feature Of the sliuatlon Is the strength shown III
iuif rOVe cd and income pHying estates III Would no
doubt be faVurable 10 an increased activity IN nus
department Of the market II owners were less stab
born IN their holdings and wcro willing to concedo
more to the buyers.
The auction sales last week were few. Many good
properties were Withdrawn from sale. but tl.ls IL
attributed by real estate brokers Ia lack OF adver-
{ sing or the uniayOrabc condition oil tho weather
But it IL argued, the very fact that incidental IN
huences prevented any sacrifices OF good property Is
an ey yIdence that the market Will Withstand any
temporary attempt To depross II.
1 he feature of private sales last week was the
activity in large houses In the upper part OF the
res dent portion of tho city. General I. I. Dodge
has Fought No. 10 East Seventy xtb-st. Tor
SG1 600. and w ShliVer has purchased No. llO
Park-avs for $4,000. No 02 East sixty n'hth,st'
h ,s been sold 90 Mr.. Suydam. No. - East Seventy
pInth-st has been sold for DIR. j. V. y. Nooey on
private :erms George Ehret has bought the two
lots ON the south side OF Fifty nlnth-s east OF
Broadway. and one lot on the north side OF fllty-
eighth st., west OF Broad "av, for $4,000 cash
sales nave been made by " Nilliam BronsoI OF five
lots m Seventy Y secOnd-st., between Second and
Third aye- for nearly $40 900. and of sx lots run
ring through from one undredhnl-twenty-Dtlh
TO One hundred and twenty slXth-st, between
Fifth and SIxth-aves for about $4,000. me
Record and Guide reports that the property now uc-
cuprd by Teift, Weller q Co., has been solo iur
nbuut Sj25, 900 tO Mr. rellt and Mrs Arnold. IL
also report, the sale OF Nos II and 10 Broadway to
Charge A. -award fer $40, 900, an advance from
its saio about four me nths ago OF $4,000.
Real estate dealers condemn the advance that has
been made in rents in some business localities
1hoy SAY that the most conservative owners nre
satisfied with their present yiold of income. and
In some cases advance In rents is bound TO drive
business away from It's establi shed ncatlon
There was recorded In the Registers ONCE yes
terlay deed by which Henry &. Kennedy, tor the
ann of %lSJ,O0O acquired the property at Nos. oo
and 81 Liberiy-st Aftnr obtaining loan on 1t OF
81 81. 900 from the United States Trust Company
Sir. Kennedy transferred 1t to the United states
Electric Lighting Company, IN confederation of the
same at which he secured 1t and subject 10 the
mortgage referred to.
Moss :. Phillips has purchased the property Mt
Nos 81 aud 80 Broadway for ~ 10000 The trans
action was placed on record yesterday, ~ was also
n mortgage executed on the real estate by MIR.
Phillips for an advance of Tl5OOOO for threo years
by the executors OF David Jones.