New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-01-21
ton OF this city. lie will be succeeded in the ot J..
Senator Edmunds '"SS
DOINCS IN REAL ESTATE.

There Is little that is new to report REGARDING IT..
condition of the real-estate market. IL was msJs@s
by the same features last week that have cil,rac
terized 1T for time. The transsc ions so lar IN
the new year have failed to meot III
sanguine expectations of dealers in pjal
OF activity and Importance. The in.
iiuence OF speculative ventures has yet 10 ba fall
in the market Nevertheless, the siIuaion il On,
which should cause little complaint. The marl.a,
is healthy and firm, and there is some promise OF
speedy increase in activity and a larger deyelon
ment in the building line. Downtown improved
property continues to be the main subject of The de
mand of purchasers. Nos. 80. 40 and AZ Broadway
by English capitalists and Nos. Safest. and ~
Pearl-st have been sold tor $4,000; thu
SIX building at at No. Li0ertys
Guide reports the sale of the Guaranty and linden.
nifty Building. in Broadway. Newest. and EXCHANGE.
place, to John j. Aston for ST. 100000 cash.
The assertion that most of the present transac
tions in real estate are washed sales is repudi
ated by the best-lnformed brokers. Certainly many
OF the reported dealings bear their face the dis
proof of any such allegation. The transfer was
recorded last week of the property of the Mitchell
estate, consisting of eight aud onehalf lots at Tenth
ave. and Eighfy-sixth-st.. to ID. Willis James for
plot of ground in EIghtleth-st., between Madison
and Park aves., and proposes to put up
row of fine dwelling houses. OpDenheimer a
Metzger have purchased eight lots on Eightietb-s,
between the same avenues for $1l2O00 On the
West Side property is well held, but improvements
continue to make only slow progress Among the
sales in this part Of the city last week were those Of
five city lots at Ninety and Tenth-ave. to
Father Galhgan, for 49, 100, and lot
running through from tifty-nnth-st. to
Eifty-eighth-st., west of Slxth-ave. tor 500, 0OO
James X. Waterow reports the sale of the Alexandra
apartment house, at the nor heast Of Fifty
fTst-st. and SIxth-ave for $l75 900 cash. In Har.
lem tueTe has been some ssckiug-up in activity In
the market. Yet an indication of the promise of
that region is shown in the purchase Of small store
in One-hundred-an d-twenty- ifth-st, between Lex.
lngtOn and Third -aves., by d. +. Raynor, for
$4,000 and his refusal of prompt advanced offer
of $4,000. Seven houses in One hundredand.
fourth-st east of Second-ave., have changed hands
on terms not yet made public.
There promises to be an increased Offering OF
property at auction before long Among the more
important sales to be made is that on January 30
of the real estate belonging to the Schermerhorn
estate, consisting of property iii Broadway. New,
Wall and Fulton-sts, III addition to villa plots at
Riverdale In the line Of building improvements,
the plans are being prepared tor hapdsome gran
tie church-St Lawrence's Roman Catholicism
Eighty -fourth-st.. west of Park-aye at a cost OF
$350,000 The Commercial Union Assurance Com
pl1y Of London will erect new building al
Pine aud William-Sts at q cost of $4,000