New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-01-20
M1TTERS IN REAL ESTATE CIRCLES.

SMALL SALES, BOTH PRIVATE AND AT AUCTION
CONvEYANCEs OF APARTMENT HOUSES.
The real estate market is still devoid of special
activity or any feature of interest Little was done
either al private sale or at auction. the Ouly point
in the auction sales being the low prices which Were
brought by some lower Broadway property that was
sold There is no doubt that the forced sales of any
large amounts of realty would depress prices
somewh hat, and dealers do not expect the
spring business 10 open with boom. Bat slow
increase in activity from now ON Is looked tor IN the
trade and there is a general belief that regards
figures the market Will hold its own. The convey
auces last week represented 1896 9l against
~ ia 5j2 in the corresponding week last year, but
the mort cages also greater III amount, being
$2,514, 81 against : ,5Jl, Hoo.
Among the offerings az auction this week will he
that OF the estate of the late j. /. Wells including
Nos. 622, 62+ and G26 Green|lch-st and Nos. COS
6O5 and 607 Washngton-st. The property Is deslr-
able for investment and ought to command a good
price. There Is nothing new about the zeal Estate
Exchange, but tine seats stil command a ialr pre-
MUM. The purchase of the Llberty->t. property,
mentioned last week, viii leave the Tx hange with
barely enough money To alter tue structure adj
Joining the Marquaud Building TO correspond
with tie latter If the mortgage Of - 10000
now upon Il is pad. there Is ra some TAX tax
if this is done the Exc ange wall have out
of its capital stock ample funds to III It's new butd-
ing ND properly. The directors Of the Exec auge
intend 10 eve special attention to the subject Of
legislation as approaching the real estate interests,
and when full prepared Will bend then energies 70
bringing ABOUT some dIlkt' III TIC
AmouI the private dealings last week were the
following: Charles Duggin, who purchased Nos. =
and East FOrty-fOurtn-st. week ago from {.
Buck * Co., as sold the property for $l25, 900.
Arthur l. Meyer purchased No. % last sixty
fourt ST from Charles II. Bliss for $J2 800,
transferring to tie latter two lots IN
Seventy-itth-st. east of Fift.-aye for $4,000.
Alvin J. Johnson has sold To t. :. Grant jr., No. 8
East SlXty-fOurth-st. for $4,000. No. 7O2 Mad
ison-aye. has been bought by Mrs. Catherine Ait
Among the Contemplated improvements is the
erection by Edward COulon, of brooklyn, OF eight
tve-story BRICK and brOwu-stOue tenements M
Forty-ninth-st. and four in Flttlcth-st west OF
Tenth-ave., At a cost OF 100000
Property Oh the east side of Seventh-aye, extend
iug from Fifty-eighth TO Flfty-nInth sts and COM
prIsing altogether upward of thirty two city lots
was acquired early in 1852 by Dir. and Mrs. Jose
de Navarro. Subsequently 1t Was transferred Tor a
nominal consideration to James Clyne, OF Brooklyn
He secured from the Mutual Life Insurance Com
papy building loan of 81 900, OOO and at present
there are being erected the plot eight costly
apartment houses of large size and original archl-
lecture Each structure Will cover an area OF about
a hundred feet square. They are to be called Mad
rid Lisbon Salamanca, Granada, Valencia, Cor
dova FOlOsa and Barcelona apartment houses.
Yesterday instrumen were placed on record IN the
Registers office by " hIch the different structures
were conveyed TO many apartment
associations. These cOnyeyances were made
subject TO the NOR cages held by the
Mutual Life Insurance Company, and the ex-
pressed consideration IN each case is one dollar
Additional mortgages by the concerns maze 10
James j. McCOmb of IOnkers, tor an aggrega
sum of 100000, 100000 on each OF the stfuC-
lures were also filed for record and eacn OF the cor
porations though differing IN name, mas Ior iIs
president George L. Lespnasse.