New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-01
the bird that makes all nations remblewlth eager
ness 10 get hold of It,
NEWS FROM The REAL ESTATE WORLD.
CONDITION OF THE MARKET-MOvEMENTs AND

PRICES.
The real estate market continues dull. Even the
| relaxation In monetary rates last week failed to
bring any notable activity to the dealings. The
| dnness that prev as. however. brings no weakness
In prices. AS much strength is shown by the
market at auction ana at private sale, as WAS dis
| played month or two ago when property changed
hands with more alacrity. The confidence of prop
crty owners III the stability of prices in maintained
and 1t appears to ne justified bv the results of the
sales that are made. Little was done In dow n town
realty last week. the activity that was shown being
confined mainly TO sales OF private houses in the up
per parts of the city. Even few OF these were of
special interest. At auction last week moderate
amount of property sold ard the prices realized
were. In most cases gratifying to the sellers
There are some signs OF tagging in interest re-
spectng east-sde property. From this fact owners
CT west-side property are arguing that movement
In their direction is likely soon 10 SET 10. Opinions
OF real estate men on this point differ. and while
dent advocates may he found of the value of real
estatn weft of Central Park compared with the
east side there are many dealers who look for some
deprecIatl0n ID the trstnamed part OF the city be-
lore much higher prices are scored Conservative
observers recognize the fact that the future of the
west side depends largely upon the future facl tits
Tor transit supplied to it III addition TO the present
means OF communication witt downtown furnished
by the elevated railway.
The sale of the White estate on Thursday devel-
Oped considerable strength in uptown unimpIOved
property IT is noticeable rat in several where
low prices were realized for lots aud buildings at
auction, resales are reported TO have been made ut
an advance. Among the private sales last week
was that of No 20 East Fifty-eighth-st. to f. p.
Dicllie for $50, 900 No. g East Sixty fifth ST. is
reported as sold for S75 600 to Abraham Limburgor
and No. z TO |. Il 5. Wormser for S54 900. four
story dwelling in Frfty-eighth-st.. west of Sixth
ave- has been sold for %3S, 900; No. SO West Thir
y-eightb-st., brought $27, 800 and No. $40 West
/ orty Seventh-st.. $4,000. No. 2Gs Lexington
ave. sold for $4,000. NJ q 5. Sternberger have |
sold the fve-story building at No. 80 Whe-st. for
Tl25,00O.
New building operations not Icing carried on
to noteworthy extent, except those which have
already been noticed The high price of LABOR, the
expcnsIvcness of building materials and the absence
Oh a speculative spirit from the market arc holding
such enterprises In check In the matter of rents
disposition Is appearing on the part IF landlords to
compromise as May approaches. especially where
40 advance IN rent would affect seriously small es-
ablshed businesses.
The New-York Concert Company Qimitedl of
which Rudolph AroDsOn is president and director,
o secure 100000 of per cent bonds payable
yithir hYe years, has HiOrgaged the New Casino. at
}I1adway and Thrty-ninth-st, to Nathan d. Da-