New-York tribune., 1884-02-17
REAL ESTATE PROMISING.
A GOOD SPRING TRADE EXPECTED.

THE MARKET GROWING MORE ACTIVE-RENIs
STRONG AT FULL FIGURES.
Signs Of early spring improvement are &,Ies;Hd s;d
visible in the real estate market. III Iaua, nnmid
erinr the circumstances, brokers and owhers couiu
not look for better situation than the presen onT
A wide and good inquiry, ntmness nf aSfvitu R
Pra'esh pro sho "to Foot%res Of the market As the
renting season advances brokers lay .on nt
attention largely diverted rom eortcd lost
sales and vet the private Transactions e Ise
Iveel show more than q respectable movement. lhe
renting position is as strong as ever. III the ost
favored localities renewals Oh easos rect""s soa ~
ADVANCE from last year; in a Few dlrectlons some
ooncassion has been made, but on the average IT
becomes more certain day by day that rents this
e eat 70 oi last seasons figures Store property around
Twenty-third-st. and Sixth-aye., and Nineteenth
and PGsSS9E srS ves and wilt # yPed PGdni larger en-
revenues to the landlord than year ago.; Business
property downtown is commanding excellent rents
and no vacancies going abeggng In spite OF all
the increase of facilities in recent years. >.
The auction sales are q good index of the condl-
tion of real estate, and the sales last week were
NJ Muller of the Faile estate and that OF the Power
estate were attended well and the property brought
good prices. Naturally this would ee expected
as the property offered was investment pro-
perty. but il is generally agreed by dealers
that for business or good tenement property there
are twenty buyers for every single seller 1t is re,
ported that the Standard Oil Company has bought
No 9s Broadway, thereby enabling ito add third
front to its proposed new building at Nos; "a ana
Ruilding i'm (ireenwich-st and Broadway purchased
by Charles H. Bliss will probably be improved py
him by the erection OF me tepd 9ige HnaStment
House at Fifty-seventh-st. and Broadway.
1t is considered doubtful whether there can
he an overplus of office bmdlnes aIounu n'
Rowling Green Wealth is concentrating there TO an
extent almost rvallng Wall Street, when II Is con
sidered that the locality Is the centre 9
duce Exchange Maritime Exchange ana PetrOieum
Exchange interests, and the ocean steamsnlp anu
PENNSYLVANIA and New-l ork CentralrairoadS uoMn iI
foo tins of
roads appear TO be turning the tide OF DuslnesS
building investments, which a few years ago was
The Year has opened witha decrease of general
buIdiHc operations over the city, but the falllng-
oA is 6ound TO be ultimately benehclal 10
The real estate market. The check gwen, however,
atfects pnnciuaily speculative ventures The
activity in building operations which promise g2od
continues me Etcora Gna GUGo ob4 noT
buildings to he erected at an estimated cost OF
over 81 / 90 900 in the last week. stores at Leon
ard and Hudson stS., to be built by the UOeiet
estate an eigh-story Office building at the SOUTH
east coruer of Wall and New SITS. by the Mortimer
estate the Brooklyn Life insurance COMPANY P,
bnilding at 10. 81 IibeTty-St., Edward ). Kings
dwellings in West Seventy-frst-st. aud hity-two
houses IN the Twenty-third Ward proposed by the
House and Home Company are among the cOntem-
F"lIownr are the more notable private sales an
nonnced : Thomas Smith has sold Nos 800 and
8II EaSt Seyenty-frst-st., and Nos. 3l4 and 316
East Seventy y-secOnd-st, for SOU cash; MOTIFS
B. Baer d Go. have sold the apartment mouse at
Fourth-ave. and Observation-Disclosures twentY-thlId-
st.. for $75 600, Edmund Cotin, r' being the PmT- P
chaser. A. H. Muller Son have @ sGiG NO. NO. :G 2J
10 Henry Bischoff the FIVE flats at the southeast
corner OF Fourth-aye. and Seventy-elghth-st. tor
5000 an advance of 50 600 from recent sale;
The MOT of ground at the southeast corner Of
Sixty-sccond-st and the Boulevard has been
sold by McClay & Dawes for $l5000O James
MeagheI has sold the two dwellings in tlith-ave.,
south of e-hundred-and-t went h-siXty-Stp to
Charles Spear for $4,000: J. J. McD0nald has
bought No 5Ol East Seventieth-st. for $40 600; ).
iand-st to Gustav Reismann for $4,000. Three
lots in ne-hunured- and-twenty th-st, west OF
Flfth-ave have been bought from A. G. Welsh by
Anthony Smyth for about 500, 800 Robert Aud
purchased three lots in FOrty-seventh-st. west OF
Ninth-ave., for S27 600.
The John Street Methodist Episcopal Church has
purchased the building No. 4S JObn-st: for $50,
600 This property was portion of the original
church site and was sold about thirty years ago Dy
the trustees for $4,000