New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-01-14
REAL ESTATE SALES AND PROJECTS
WHAT DEALERS SAY OF THE TOME or THE ,,.prp

WHAT DEALERS SAY OF THE TONE OF THE MARKET
"A GOOD INQUIRY FOR PROPERTY.
The real estate market was quiet last week mucr,
TO the surprise OF many dealers who had luoed for
continuance OF the activity developed during the
inst week of the new year. Few important private
transactions were concluded aud the eeks uction
sales were poorly attended. The competition wa
limited at the sales and the prices realized wero vir
tually made by the buyers. No large properties
however. were among the offerings and the coming
sales are not of particular interest. IL is nOtewor.
my that with the dulEess of the market prices
remain nTm, while there Is considerable inquiry for
realty all the time. Would-be buyers seem to be
holding off for possibly lower figures, hut the exist
ence oil good demand for business properties and for
unimproved property favorably situated is made
every day. John 2. Townsend and Edward Tuck
have paid $l27 300 for the property at the north
west corner Of Prince aud Greeness.. owned by OF
tlnger Brothers. Warehouse improvements are
expected TO be made upon this site. There are a
number OF important transactions pending which
may be settled this week.
There was no special activity in west-side prop-
erty Last week. Yet prices show no signs of weak
eDlng. The nominations of Mayor Edison for Park
COMMISSIONERS are not dIsapproved by real estate
lt Is generally thought that General VIele and Mr.
Crlmmlns Will be disposed to do justice to that part
OIL the city which would be greatly advanced in
value by the Improvement of Mornngslde Park and
the western side of Central Park. There are
numerous brokers who complain bitterly of the con-
dltlon OF those parks Oh the wesT-sde aud who as
sert that the city has shown favOrsm in benefting
east side property by Its park expenditures in that
locality. While not intimating that the new Park
commissioners are heavily interested ia west-side
real estate specuations brokers have the idea that
their administration will lend its influence to more
active development in that direction incidentally,
dlscussons OF this phase OF the real estate mar
ket include the suspension OF trains on the Metro
pOlitan Elevated Road after midnight. The general
opinion among real estate men is that the running
OF trains viii be s0on restored. The prevalence of
this idea probably hos tended to nulify any impress
sion on west-side Values which the reactiOnary
policy of the Manhattan Company's management
might otherwise have made, In connection " 18th this
The Record and Guide says Mr. A. II. Barney is Of
fering to make building all OF his property
on the westslde 10 responsible builders the plans
for the erection Of all buildings to be OF bis selec
ton or subject TO his approval. Mr.. Barney is o
Is one Of the largest holders of property in that
ton. he most poIant piece being the entire block
bounded by Eighth a1d NInth-aVes. anu Seventy
fifth and Seventy sixth SITS"
Among the principal sales last week was that OF
the fOnr-story house at No. 81 East Seventy sec
for $4,000 There were eight houses III this neigh
bOrhOOd belonging TO the Lynd Brothers, all but
one OF which have been sold at prices ranging from
$4,000 to $4,000. OF the projected building i'm
prOyements going on. the most noteworthy Is Mad
den IL Mara's proposed erection of i've threestory
teenth st., west of Ffth-aye at cost of 800 900.
John Graham contemplates building row of four
story fiat houses ut SecOnd-aye. and Seventy
thlrdst.
There is some encouraging movement in the real
estate market in Brooklyn. A number of good
being the purchase by w. A. II I. ii. Brush of
two and half block fronts III BedfOrd-ave, ex-
tending from CliftOn-p.ace TO Lexiugton-aYe and
having total frontage OF 500 feet. Twelve hand
some apartment houses will be erected on this land
by the Messrs. Brush, being 40 by ~ feet each,