New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-15
CONDITION OF the REALTY MARKET

p,,ct>r rp,Ss,c1IoNs AND The FEATURES or THE
srrUA1roN-A TALK ABOUT OFFICE FACILITIES.
Only "A fair activity was shown by the real estate
market last week IN both auct on ana private udhS-
act .ous At auction the total amount ot tii-s
for tbs week was smaller tuan Tor some time Dear
ers who hoped for II sympathetic improvement ~
the market for realty from the recent r'NINdl I'D
Wall street spcculltoins have been disappointed
Neither easy money nor the advance ~ st0cAs mas
brought acton 90 real cs at"' NtFeilhe'e9''
there is no indication OF weakness IN IN"
market. The very strength OF prices t'ndS 10
check pure ase- and BUYERS are disposed To give no
more Tor any properties than tue minimum Nalua-
ron ireI bV Inc z neral trade. The prcsenc" oI
capital seek NJ good iuycs m'nt Is rrcticd by the
condition of improved property, espetidV Ia. busi-
ness purposes. Tins class sells easily, whenever thc
oiierIug- arr of established ucOmc-paylng prc't@,
and unimproved properties. especially Nrst-Sldr
lot, more slowly purchases "a VAc'n, lall On vac
West side require something OF sprcuia we spltl
The most prominent feature oi III market at pres
en-, is the absence OF mat N'lrt lc- owners Oh tne
West side are 80 strongly impressed Nlth
the idea that ultimately raj estate
IN that part Of the city viii command
higher marNct value than at present, mat no
signs can be detected of any prJD1b.o drpre sion.
In fact, indications are not lacking thit ~ any
change take, place 1t will be one favorable to hold
ors. he who" field 81 Ciiy real estate presents Il
healthy condition. Buidlng, III sPie % tue
m.h price of mat 'rld!s, IS slowly bnt
steadily going on, aud there 4" qqict
.h.or,tt0u of prOucTtV thrown on the mdract mat
keep, up strong pric on a duIl NOV ment Rent
lug has been dull far this season. the landlords
showing no disposition TO yield ~ thcIr advances
rcfu,lug TO accept the increase IA most cases.
here are some real estate dealers VINO are begin
ing ~ question whether lle supply "i 0ulce
I ctItIcs down town ~ not getting antdd ol the
demand he last icw years nave W1lhrseu an
enormous incIel%c 10 til7 direction WIN me fr,c-
ion of the new 4" Fk g-scrJpiug corporation build
iue, A prominent dr il'r SAD yesterday: " Ihcrc
vlu be "A no abic increase Of Office room between
Fulion-st. and the Battery when the new icid
building, the Mutual Lie totnpdnys buillihg
ON tine old Post ONCE SIZE aud the largo Uuipn
building Of the Merchants National Bank aud the
isauk OF America are completed, besides Tie room
in the WeI.es ana the new Famels' Loan ana
Trust Company buildings aud others. Yet II }, I'M
possible to os mJir tn rapldIty OF the grown oi
business needs ~ this part 81 the cltF' Ne" ehicI-
prise, are continuity sprlnglug up, win new
corporate organizations thtt require once a'-
COMMUNICATION: and busiucs, increased by
the DEVELOPMENT of new speculative acuvi-
ties -ucn a. tho recent revival OF petroleum
,pecuiatIo u. aud must concentrate around the
ceutrc, oil speculation. The tendency OF railroad
corporations IS to OfIng their general ana ifeght
Offices down town, and we viii nave 10 supply Tor
instance the Il, eds of the new West shore road
and. probably before long, those OF the baltimore
and ONO when ~ expected independent line to
Ncw-IOTk is secured. WIN every step taken
IN che constant Development Of New
York as the supreme commercial and imam
cial centre OF TINS hemisphere, the possibilities
OF increased values IN ITS downtown business prop
crty are almost intellectually widened."
There are lew important private sales to be men
toned in addition to those published IN me
tribune last week. Mcssrs. Guggenheimer d
Marx have sold their scven-stOry brick tcnemenls
ON One-hundred and IOurh-st, Just east OF second
ave-. Tor So 800 and have bought the five lots on
the north sia- of Seventy seccnd-9 east ol fIrst-
ave-, from Anthony Smith. No Ia last thirty
seventh-st. has been sold to Mrs Thomas Richard
son for $50 600 No. z East Seventy ihlrd-st. has
been bought by Miss Mary III. Drake for 1000
Ex-senator Sirahan has purchased NO AZ west
seventy -irs- ST. for SIG, 800 The Oriental Apart
mrnt- House in Seventy -second-st.' between hlrd
and Lexington ayes, has Oeen sold ny William
Noble for $l7O,OOO. .
lease was recorded in the Registers Office yes
to-day by the LIbsOn Apartment Association, OF the
property lO5x 1908 situated at the northeast cor
ner OF SeVenth-ave and Fifty eIghthst. ~ Tor the
term of y-nne years and tho annual rental ~
1000 The corporation has the privilege Oh
purchasing the property at cost Oh @oOO,ooo
prlor to May, 1884. ,,.s
-Four pieces OF property the north side of Fifty
seyenth-st 100 feet east of 1hlrd-aye., have been
disposed Of by Frederick Schuck to George Hage-
meyer for S93 5000.
EX-MAYOR DE BEVOlSE IN JAIL.
The excitement which has prevailed in Long
Island CITY during the past week was lniensilcd
Yesterday by the arrest and incarceration oil e1-
Mayor DeBevoIse in the county Jail. When the
verdict of the jury IN the civil suit against Mr. De
Beyoiss was announced several of his bondsnen
doubted his ability to pay the amount OF the YER
dict 800, 100 and meeting OF the bondsmen was
held on Friday afternoon to discuss the adylsabiliy