New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-18
Gibson, s. w. Lapsley and George W. Hoagland'
They will report to the Exchange on Wednesday,
PHASES OF THE REAL ESTATE MARKET.
| BRISK AUCTION SALES AND GOOD INVESTMENT

PHASES OF THE REAL ESTATE MARKET.
BRISK AUCTION SALES AND GOOD INVESTMENT
BUYING.
The real estate market last week was quleter
than during the preceding week so far as IegaIus
private transactions. But there Is no significance
in the slight decrease of activity. The market re-
mains as firmly held ever and tho only element
lacking to complete the happiness OF dealers IS ue
speculative spirit. BY many brokers the absence
of this element is regarded as the best ndlcatlon Oh
health in the market. Builders are ccn nHt and
are daily becoming more impressed with
the Importance of making buildings hre-
proof. A prominent broker SAID yes'elhu o;yS p !,
{" The lessons of past experience are Deing
utilized by fire underwriters, and i'll SPITE OF .he
great competition in writing policies, builders anu
tenants feeling the Importance OF the
shown by the companies in insurance on DulluInsS
which vary in their deficiency from the unterwrit-
ing standard. While the great height 20 when our
large business buildings msS ade now S Shond
be remembered that this objection is offset
by the pans generally taken by builders
to guard against fires When te IRE in Sch oors
builders now as a rule are, in their constructive
work, diminishing the chances OF fire spreading
to the penls of the drygcods district
was approved by real estate, men. They
say that the reforms winch are M ilk er
nance the value of business property anected Ny
them. ,,
was offered there Is lack of investors competing
for improved property, aud their presence III lne
market sustains prices even when trading IS duil'
This week there will be several IN
portant sales. On tuesday Richard v.
Harnett g. Co. will offer large
amount of improved property i'll Fifty-seventh' Ohe-
hundred -and-tenth and One hundred-and -eleVchi
| SITS and Lexington. ave, and also much vacant
| property from Filty-seventh-st up to Harlem on
| the east and west sides. Among the private sales
| made last week was that OF two houses on Iny
seyenth-st and two OH Fiftysixth-st near Madlsoh
| ave- by NJ Lazarus. A corner house IN tlfth-aVe:
| near Forty-nlnth-st. has been bought bV one OF
the Goelets. No. 16 East forty-sec34in9l-s l;
has been sold for 100000, and Robert
Struthers has purchased No. "a East Fifty-ee hth-
st. Ten ive-sory brick tenements IN Ihrty-nintn-
ST.. between Tenth and Eleventh aves., have been
bought by II. b. Sire. ..o..,
Among the binding improvements now pr0lecteu
ia the union in one building by the Manhattan
| Company's Bank aud the Merchants National Bank,
| of nos. 40 and AZ Wall=st.
| The Central congregational Church trustees nave
mOrtgaged their pioperty on the northeast corner
of Madison-ave. aud FOrty-seventh-s for nve years
| Tor $4,000. ,.,
There was placed record in The Register
office Yesterday lease OF No. 80 Bowely Tor hVe
| wears by J. j. Coogan Il Bro her; The sum Oh
ii 100 Is the anuuai rental and the lesseeS nave the
Irivilege of a renewal of the lease for I'VE years
| longer. A.
Eugene Kelly has purchased the property at No.
| 10 BOwery from Z. {. Donnelly for S20,OOo.