New-York tribune., 1884-01-27
REAL ESTATE DEALINGS.
LITTLE ACTIVITY IN THE MARKET.
BROKERS WAITING FOR THE SPRING sEAsoN-BUsI-
MISS OFFICES IN DEMAND,

NESS OFFICES IL DEMAND,
In real estate circles the story of quiet deal
ngs told last week has been recOunted since
last autumn Brokers are now looking forward 10
the approaching spring season. but not with the same
hOpeiulneSs as they regarded the coming season at
this time year ago Then there was hope thai
almost reached expectation that n boom III the
market would bc developed while now little change
in prices is looked for The spirit of speculation Is
so languid. and investors are so cautious. that
dealers will be satisfied if the real estate market
holds its own well it has done for year.
Many persons look for beneficial effect on the cx
changing of property from the formation OF the Real
Estate Exchange, hut, as 1t will be many months
before that institution reaches thorough OrganZa-
tiOn its influence will hardly enter factor IN
the situation in time for the spring trade. Building
operations do not promise any brilliant achieve
mcnt. Builders are not hampeTcd by the restless
spirit among laborers, which led to the strikes of
last autumn in the building trades, and in this
respect influence dscOuraging to operations has
been removed. WOTkmen are recognizing the TACT
that the condition of business does not yield prohtS
to employers, which can be shared with employes ys
upon their demand. Nevertheless the immediate
outlook in real estate does not warrant building
enterprises except those of the most conservative
character, and speculative building is bound to
receive u check, this year, on account OF the
tmidity of investors and the lower prices realized
on houses nearly everywhere.
The amount involved i'll the cOnveyances last
week was $2,577s77 against $2,4l5,596 IN the
same weekOf 1888; but the mortgages amount to
$3,035 ,Gl7 against - sO2,3jl in the corresponding
week year ago. The Record and Guide III speaking
of renting, says:
In the dry goods district where the renting year
February the may be said TO be over
and the result hardly be said TO be satisfactory to
nadlOrs Large the ground floor not I'm
active demand, but there plenty OF applicants for
cheap upper stories and lofts.
Nevertheless the renting business in down town
Offices generally is good, the inquiry being surprs-
ngy active, view of the state of trade, and the
prices commanded being strong. In spite of the
multiplication of big downtown office buildings
the room provided does not show any tendency 10
exceed the demand, and the fact that these tails
Weld fair income upon the investment IL shown by
the excellent prices brought by nearly every KIND
of business property offered in the market.
Among the private transactions last week were
the change of ownership III numerous vacant realty.
-Four lots at Eighth-aye. and One-hundTsd; and
from w. c. Lester for about $24,0OO len lots at
Third-ave. and Nlnety-sixth-st. have been pur-
chased by Dinkelspicl & IIyman from the COddng-
ton estate for $4,000 James H. Coleman sold to
east of First-ave for $4,25O each; MIR. Bresn VIII
erect a large cigar factory on the property. Ten
years ago three adjoining lots brought $500
each Two lots in One-hundredth-st., west of Ninth
ave. have been bought by James Murtaugh for
$6,00D. -Four lots at hundred and-fortleth-st.
and Old Broadway brought $4,000, the purchaser
being p. DOnohue. j. NJ Horton Il Co. bought
lot in east OF Third.
Jeshurun Synagogue have puchased three lots in
MadSOn-ave south of Sixty-tfth-st., for S10O,OOO.
No. "a West FOrty-sixth-st has been sold to II.
Strolmcyer for $50, 600 Richard McNamee bought
No. % East Sxtieth-st. from w. l.. Seymour for
SAC 900. No. 442 West Seventy -third-st. has been
sold by Francis Crawford to John L. LOckman for
$35 900, and No. 4i6 to L. Smith for S32375.
William +. Tefit, of Tetft, Weller & Co., has bought
of John Davidson No 22 East sixtytCurth-st. 10 Tor
SS3, 900. The buildings Nos 393 and 80
Broome-st. and Q, 10 and II Centre Market place
have been purchased for $40, 600 by the New-York
City Mission and Tract Society.