New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-03-30
A SATISFACTORY REALTY MARKET
INVESTMENT PROPERTY IN DEMAND.
Mr.. AsToR's wEsT-sIDE FURCHAsE-No BOON
BUT PRICES STRONG.

Mr.. AsTOR'S wEST-SIDR PCRCHAsE-NO BOON
But PRICES STRONG.
The general features of the real estate market
remain satisfactory while steady, substantial Jls-
being done at firm prices there are no indications
of the great "bOom" which some OF the newspapers,
from overzea ousness apparently striving to create
Deaers are among the first deprecae statements that
put the condition of affairs in too favorable light for
the reason that glowing exaggeratlons are apt TO
dclude owners into the idea that their property
will command better figures than the market actually
warrants The eoct therefore, OF oyercooed articles
is TO defeat object they designed for by checking
purchasers where hold their land or improved
realty at s figures But considering the general busi-
ness SITUATION and the long depression OF real estate In
some parts city, the market is all that could bo ex-
pected quiet absorption OF Investment property Is
constantly going and owners make sales easily at
reasonable figures Business buildings stores and dwell
ngs along the backbone of the island below Central
Park are in excellent demand and for the last
named class Of property business. as one
prominent Pine Street put it yesterday "coud
he better" The tendency the East Side, adjoining
the Park ia downward but where building operations are
checked here account of the refusal OF people to take
many more expensive uptown houses. an encouraging
movement for the development of the West Side Ia going
on.
are many dealers and operators who have great
faith in the future West Side because here the
only large where the steady growth of city can find
an outlet. Undoubtedly there Is now better inquiry
for West Side lots than has been noted for some
time past. This section, however, is not settling
up fast enough permit small capitalists 10 carry lots
with the taxes assessments etc. that are situated above
the sixties Investments by large capitalists there how
ever NAV be made with prospect OF profit and sgnf
cant proof OF their recognition of this fact s furnished
through e. H. Iudcw & Co Mr Astor is seeking hold
ngs in al parts OF the city, and has deemed 1t desirable
vesTment on the West Side lie has bought the entire
front the side of the Boulevard between Seventy
pf+h arAGn .yfh GtG nj
four lots in the rear, for $4,000: seven OF the
lots were the property OF the estate OF Henry Kelly VINO
died about three years ago. and the other five belonged to
Charles f. Holman. stable and two,story attic
house are on ne kGy eae He 1Ie xsar por to
hs death. II will be remembered that he was success
full butcher for years Thriecuh-5 and University
Mace where his son st carries on the business. His
family occupy the house in the Boulevard " sGd
ten years ago the property would have neted double te
now realized Prior 10 tie real estate panic which
900 was refused for the property
There were other sales of vacant lots last
week Andrew Bme bought four lois in seventy eighth
ST. west Of Nuthaye for $4,000 six lots in Seyeneta
east Of the Boulevard nave beon sold by Barton
WhittcmOre $4,000 10 George ". Hamilton who VIII
Improve thcm i3inDert ou uaiu Dpsut lrpu lIoi ~.
b. Kerr five lots in seventy rslst west Of EchthaYe TOT
and -fourth.st east of Tighth-aye for
sol 900 two frame houses being the land VI. Whean
foartst east Of Fstayc by IO2 feet for $4,000 for
improvements John sullivan has purchased 10 improve
executor OF A. Lghtslone sold four lots at Secondave
aud Observation-Disclosures. 10 j. b. smith for about
$4,000. ". Freeman Co. sold six lots in one
undrcdand th and Onehundred and-slNth ats west OF
Eigdth-aVe., for $4,000 10 j. L. Brewster Michael
shelly paid $4,000 for one lot NJ FoUrth-aye. aud
Eightyhrsst James H. Coleman has sold to Richard j.
MahOney 1914 900 three lots the north side OF ory
rights rs feet east of Firsavc and in the
Immediately adjoining the site upon which INC steam
Heating Company about 10 erect large structure cost
Conveyances of nominal value OF 1874, ESQ were
recorded last week. against Gj375G IN the correspond
Ing week last year. The mortgage obligations however
only Sl6415l2 against 1913 l6 IN the same week
year ago Amon- the private sales 81 improved Te"IH
last week the transfer 10 O. Fp2e son OF 700
E2s, Twentyseeond-st. for s425999 Dr. I ETsa-
1fth-st for $4,000. f. Fitzpatrick sod No;
$4,000 Peter Mccormick sold five fivc-3tory tencments
~ observation-disclosures h-st. west OF Firstave.
for 500 COO TO William II. Hall.
INC auction sales last week were well attended az THE
TRIBUNE ed they occurred Arcieicnce 10 the ad-
VeTtisng columns will indicate hoT inter sting VIII be
Apul will probably develop greatly increased move
ment in The renting market for dYsmghouses' ana me
strength the market continues fully to the expecta-
tiOas OF landlords.
DISPOSITION OF MADISON SQUARE GARDEN.
John g. Heckscher who has been confined TO his house
for some days. wa asked yesterday fl be could give any
further details OF the pl&n to purchase the Madison
Square Garden. lie replied: The fact is, there has
been not hing done yet There might have been If had
not been sick but as yet it Is simply plan OF few gen
emen that has not taken shape There has been
pay formed the property is not yet purchased The
newspapers have got the scheme stated incorrectly but IL
is too early yet give details. IL Is pro-
furnish suitable odation to The class OF enter am
mcns for which The q len is used should be glad to
give full particulars II plan had yet taken III II was
the horse show could talk more Inc newspapers pun
shod the plans for that before than three or four
men had talked about IL. More space has been taken
already for the hCrshOw than taken last year and
membership over 800 Horses Will be sent TO II from
England and Canada