New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-05-06
REAL ESTATE STILL DULL.
MANY INQUIRIES FOR VACANT LOTS - SOME RE
CENT TRANSFERS.

MANY INQUIRIES FOR VACANT LOTS - SOME KE-
CENT TRANSFERS.
Dulness continues TO be the chief feature of the
real estate market. Complaints are general
among dealers and bTOkers OF the absence on q
suiriied movement III the market. But while
this is the case, prices remain trD and no reason
for discOuragement as to the funre can be seem &C
eording TO most operators. Last week, III iact
dealers testify there was larger inquiry Tor lotS
particularly Tor those on the west ade, Than tOr
weeks past. One prominent Pine-st broker SAID
Yesterday that the inquiries at his ONCE IN regard
TO them more numerous last week than they
have been Ior any week since January /, and that
last month they were larger than any month mere
toiore. While inquiry develops no immediate ac-
tivity in the market 1t shows that there Is buying
element behind the market which su>talns Its
strength and gives promise OF some future Improve
ment. ,,,r,
Ia n LalOr SAID The market Is dull but firm. No
property can be offered a little below the general
valuation placed upon 1t without hndlng many per
SOUS willing TO take 1t. There Is large amount OF
capital that is ready to be applied to picking up
of property ON any yielding from the present
basis There is nothing to warrant an expec-
taTion of anghf but an advance Prices for lots on
the east side. between Fifth and Fourth aves. and
Fifty-third and Seventy ninth SITS have about
reached the maximum. When lots IN that part of
the city bring $4,000 apiece, you want to Put
peg in the pnce-jt caunot go much higher. But
there are many lots IN certain neighborhoods
that will command any price from
the persons who want them and who do not want to
90 anywhere else. As to the west side | will say
this: That If had $500. 600 would put $500, 600
of i'll want TO keep within conservative limit
in west-sIde lots Bought to-day they will be
more valuable to the owner a few years from now
than il they had been presented to him twelve years
ago."
of capital to seek investment IN west-slde unlm-
proved property whenever concessions in prices are
made by owners. In many cases, however. pur-
chases have been retarded because the property
sought could not be obtained IN one parcel. All
this dealers say, proves that there is no danger OF
any decline i'll values in that part OF the city, There
are a few prlva,e sales to note in addition
nVrglu
TRIBUNE. Helen X, Bishop has sold
TO John S. Kennedy for $4,000 an extra-szed lot
in Fifth-ave., between SiXty-niDth and SEVENTEEN
sts. The northwest IN corner of Twenty frst-st
and Lexipg ton-ave has been sold for 500, 600, the
price including the stable adjoining in Lexington
ave Josiah Belden has sold the building now
occupied by the Adams Express Company, at Broad
way and Great Jones-st., for al $1,000 The Eureka
and Bliou apartment-hOuses, Nos. 1853 to 361 East
Sixty hin hist, have been bought from j. Il. Smith
for 100000. John ID. CrimniDs has sold the
property bounded by Thirty-nlnth and Forty first
sts and First-ave. and the East River to the Equ
BILE GasLIght Conn any for about $500, 600
No 90 East FIfty-sixth-st. has been sold
to X. Haas for $4,000. Among the newest
buildlng improvements may lie mentioned the
seven-stOry apartment-house that L. A. Cassidy Is
now erecting the northeast corner OF Forty ninth
st. and Thir0-ave.
In The Registers Office there was recorded yester
day deed by which the Medical College LabOra-
tory recently incorporated body, acquired, forth
nominal consideration of So property having a
frontage OF uinety-five feet the south side OF
enty-sixth-st., $50 feet east OF First-ave The
conveyance Is made by John G. Draper, Alfred l..
LOOMS and others. The property lis mortgagcd for
$4,000.
James b. Colt has leased the Osborn Apartment
House, which occupies five lots at the northeast
corner of Ffty-secOnd-st. ana Fith-ave, Tor term
of len years and three months ne average rent Is
$4,000. This was formerly the house Of Madame