New-York tribune., 1884-03-23
BUSINESS ACTIVE AND PRoMIsH
MANY SALES AT GOOD PRICEs-FIRMNEss OF THE
RENT MARKET.

RENT MARKET.
The recent bad weather has somewhat re-
tared he opening OF the usual spring activity IN tho
real estate market More business Ia being done now
ever than was expected months ago, and there s
every promise that the will be profitable one TO
owner dealer and trader alike. The volume oil trans-
actions still keeps ahead OF the amount at the cor
responding time lat year. The conveyances iast wee
expressed nominal value of S3352 1913 against 9Z o40
922 the same week in 1883. The mortgage indeoeoho
recorded also shows decrease as compared Win "!
aco In fact while no speculative ''boom'is under
way the market Is active, healthy ana suohB'
,duness in wall Street affairs is working beneh' 10 Tue
stuation of re slty and the result bears o,t the Po
tions made by shrewd observers months ago. '""' P
which was disheartened by the general oeI'o'S,v"
securities wcua finally seek employment III io"', "
yestments Here real estate dealers argue is
stable slower In yielding profits thaa wheh specu'No
ventures are made but ess liable to vicissudes "hu e
d ,roo, the possible mismanagement OF a board OF
directors.
The strongest features OF the market are downtown OF
Go sto-e aud the medium class of dwelling properties
There is a decided movement in west-side property
arising from the cheapncss OF lots contrasted Win
side lots and the tendency toward growth mani
tested bv this part OF the city under the recent increase
OF the facilities OF communication 1t is true that
marketing facilities are not what is desired for uptown
but they are certain TO follow the rapid settlement OF ha
district which is going on. Most OF the west-side
builders have sold their houses ana are III te ihaheI
eager 10 secure vacant land for improvement The pur
chases of west side lots form notable characteristic OF
real estate transactions Said prominent Pine street
broker Yesterday; 81 but one obstacle to steady
improv in west side property ana that Is 'Dis
Properyseekers often interest number OF irokers
In the securing OF desirable lands, and the inquiries
often make il appear that the demand greater than 1t
really is with the result of stenlng the prices at which
property is held But owners are reasonable and do
not ask more for their holdings than they would gladly
have taken several months ago, see no reason why
there will a steady increase and improvement In
the business that part of the city," There are also
signs of an improvement in the suburban districts where
property been depressed for ten years There Is an
expectation among operators that James Gordon
Bennett on his from abroad Will improve his ex-
tenslve property at Fort Washington
The renting outlook is most favorable TO landlords.
Such firms Horace s. Ely, L. II. Ludlow q Co., ano
Homer Morgan rented most OF their business Offices
at prices fully up last year. and generally there are no
removals except those of tenants who are taking better
quarters Stores are in excellent demand, especially
along the lines OF the elevated railroads Dwelling
houses that rent at moderate figures especially strong
and only where the most unayOfbe conditions exist are
concessions made from last years rentals
The Increased movement in the real estate market IA
rejected in the crowded advertising columns OF TIE
TRIBUNE. The effect of good management and liberal
was shown last week the excellent prices obtained at
the auction sale of the Leggett estate Besides the sale
OF Frenchs Hotel and the other properly alacheu 10 tne
estate OF the late Colonel French which Is to take place
on Apr 8 there will be much desirable property offered
AT auction within the next ten days. AT private sale
there are many desirable Investments Offering V. r.
ffeyenson ir on number OF westide lots adjOln-
ing Central Park West, which is promising part OF the
city. Porter Co. have forty three houses III The upper
mart of be CITY let OF which be occupied by
AUrI l. Numerous desirable houses UP town and III
Harlem are for sale by Page Crawford at attractive
frurcs and j. G.. & L. d. Folsom have long lists OF
propcrty seeking "A market. There l. "A continued good
movement in Brooklyn property and bargains can be
obtained from L. Moody and other prominent operators.
H. II. Drew Il Co. have removed TO new ana handsome
offices at Fifth-aVe and Twenty scYenth-st.
There were many sales of uniHproyed property last
week Two lots EIghtY-rst-st, west of LeXlngt on
ave-. were sold for $2O.2j0 by John DonnellOn To
Thomas Gearty. Higgins KeatiDg sold eight lots at
First-ave aDd tyfOuTth st. for S425OO for i'm
movement Lustig has sold two lots In One hundred
and-siXeen1hst near Elght-aYc 10 JOhn Jhrdlne the
architect tor II 2O0 Benjamin f. HOske bought
from " K Stevenson, iT., three lots in Eighy-eighth-
ST. west OF Eleyenth-aye., for $1,000 each. lot IN
Eighty east OF Tenth-ave, has been sold for
Improvement for $1,000 by W. j. Cole John j. Mac
! TO H. Muldoon for 100000. Mr. MuldOon purposes 10
build eleven tenements al cost OF about SloOOOO rive
of them VIII Third-ave. Samuel C0cofd
has bought lots I'm Soyenty-nnti-s west oi Ninth
/ ave- for about $4,000. Park Commissioner John u.
CTimmns has purchased five lots in SlXtyeghtl-st.,
ng eight four-story private dwellings upon the land
Five first class private dwellings are TO be bllt by
George W Hamilton I'm 6eventy-frst st., Ninth
ave at cost estimated a 500 600 At FlTst-aNe and
-fOuTtl-s, Higgins d keating propose TO erect
eight tcneinens total cost of about ~ 10000. j. j.
West has sold Nos. % and p Churchst.. for $1,000
EnOch C. Bell has sold four tencmcnis al Onc-Dulcd-
d-twenty-sixth-st and Nintl-ave, for $4,000. No
! sol MadisOn-ave has been purchased by Salnuel L.
/ DiuAelspcl for S1J,OOO