New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-22
DULNESS IN REAL ESTATE.
TIE MARKET QUIET AND PRICES FOR HOUSES
EAsIrR-sALEs FOR THE W FIX.

TIE MARKET QUIET AND PRICES FOR HOUSES
EAsIER-sALEs FOR THE WI FIX.
The real estate mark ct last week dragged it's slow
length along without developing any new features.
Not only WAS business quiet but.thero was no prom
ise Of future activity shown in tho few dealings
Tho market is robbed OF al sp oCulatye interest and
holders Of property are cOnirou ted with the que7-
ton: Shall our holding, be 50 Id al sRcrlhce ON
our preyious ideas or shall we wait for "a future
movement and carry the taxes and assessments 7
The demand for vacant lots Is light ana the move
mcnt IN improved property depends eutilcly upon
It's nComc-yleldng quality. Hence thete y u" Cou-
cpssiou IN the prices for downtown business 0lolr.
or houses that produce a good rent III well-sclicd
plrfa of the city In fact, dealers say that there
continues 10 bc the same strong demand Tor stores
a. there weeks ago. A. % rule, however, houses
are selling iu tho upper parts of the city Tor loss
than similar property brought this time year as"
There Dis nothing new regarding the proposed rem
estate exchange the u'Hui nous I"l ~. 9''.
pending Until this is settled, the committee "i real
estate dealers are not inclined Ia say anything
about the definite plans tor no exchange mere
can be 40 doubt of the SUCCESS Of the proposed en-
tcIprisc whenever the persons who have The matter
in charge are ready - act publicly.
Among the sales ot vacant lots last week many
be mcut,one the following: Charles II. kusSr.I
sold eight lots west Of the BpucyaId-tonr m Sew
cuty- Grat-st and -four IN seventy -sccohu->t.-lh'
purchaser being an east-side builder who proposes
iruproyiug them az once. Arnold Lustg bought
eight lots i'm Oue-huudTcd- and twenty -iOurth-,t
and Oue-huudrcd and twenty -ifth-st. from the
q.
dam sold three lots in thirty -rSt-
~ east of Scvcnthaye., for $4,000 90 the Baptist
Church Of the Rrdeemer. Peter Doclgcr paid T22. %
500 for q lot at the northeast corner of Sixth ave
and Fifty-sccond-St. from Austin Abbott rive
lots in Seventy -frstst., west Of FiIeiaYe., nave
been sold by Mort2 Bauer for -, 800 each. plot
of ground LIS by 100 feet in SlNty-ninth.st., be
tween second and Third ayes, was sold 10y Max
Dauligrr To Jacob L. Maschke for Sj6,9GO The
six flats M Eghty-thrdst and Tenth-aye have been
sold for ~ 900 Sclig Steinhardt has bought the
plot at Firstaye and SiAty-Gfth-st. and an adJom,
ing plot in SNty-hlth-st., Tor 9o5,OOO. mo hce0f"
and Guide says:
A cnuu5uy known as the Manhattan has been formed
with "a capital of 100000 divided into 1000 shares ~
SlOO each William Noble. ThOma, G.. Van Bruut and
John Jay Purdec being The Incorporation. Tue special
work NJ the company viii be the purchase OF the ten
story apartment house under nj the northwest
corner Of Seventh ave and Fifty-Seycuth-st, which
will br completed by Thomas Osborne, who has com
mrucrd build the II may bo added that George
" Da Cuha agree, with Mr. Osborne To dispose of the
prci,rs above for 500 900 and has Assigned
said agreement 10 the Manhattan for nominal couoid
Grafton.
Hurry tine incorpomt0is of the Randolph company
which has Just been formed. with capital OF clo@ooO
div ldcd into 1920. shares OF 500 each Tie business OF
the company Will be to purchase acquire, maintain ana
improve real estate for apartment houses. etc