New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-10
REAL ESTATE DISCUSSIONS.
WHAT THE BROKERS FIND TO TALK ABOUT.
DEMAND FOR VACANT LoTs-TdE MORGAN ESTATE



Increased activity is all that real estate
brokers now seem to need TO make them ehurey s''i
fled with the market Their main complaint 10 tii@' 'n
situation looks strong that holders VIII nov ile's ~
views 90 buyers and hence the latter class wt III hopo
Of n possbe decline IN values while, as matter Vi
fact separate parcels are being constantly 'shePPe"
mn TO use the words OF one welversed pne-st dealer
right under the OF people who would aiter"r"
give good advance upon the price which they preVi'
ously thought dear" At private sale the volume Oh
business is all that bo expected at AUCTION INC
season is showing a lively movement ana, III most III
stances satisfactory results regards prices Inc
auction season. in fact has exceeded the expectations Oh
many brokers and it promises to give the auctioneers
plenty do through all the winter months The inquiry
for vacant lots which has been reported for some
weeks recently and the building operations which
are maturing and being projected the west side OF inc
city lend special interest to every auction SAFE Oh u
proved property that Is held at the Real Estae EA-
change one OF the most interesting OF these sales VIII
take place to-day when Richard v Harnett VIII oner
AZ vacant lots on the west side belonging to the estate
of Ex-Governor Morgan.
There are many interesting points about the M9isam
sale. The lots are in the line Of Improvement, ana they
oer opportunities not only for the investment or CAPT
TAI on large scae, put lor choap PuIoHasos ny II
who able to build modest homes OF their own Judg-
Ing by the inquiries that have been made respecting the
properties. there IS likely TO be sharp coinpetton iop
the land In some Of the neigbbOrhO0ds ana II prices arc
not high purchases to considerable extent VIII nc
made for Immediate Improvement inc IOts arc situaSu
in Tenthave., Audubo-aye. the Boulevard Wad5w0rth-
hundred. TO eighty
second SITS. feature OF the sale which is now
the titles of tho property sold thereby saving purchasers
the expense OF individual examination and giving full
ia Tenhave. aud the completion Of the proposed bridge
over the Harlem River at One-hundredand first
rapid transit The terms OF sale arc liberal enough TO
attract the attention Of Investors or even those looking
for a profitable " turn in the next few years.
The daily meetings Of the brokers at the Real Estate
Exchange are bringing before wide circle many OF the
fsrt.sa III
ot 'lers The advantages of terse sympathet'c ex-
change OF views however, afforded by these meetings Is
becoming daily appreciated In the following let
fer TO TuE TKlDISE 4 prominent member OF the Ex-
change and the manager OF several large estates may be
said TO summarize the situation:
Think real estate agents generally are pleased to
lud that THE TRIBUNE has undertaken to look after
their interests. for Que have found II not only desr-
ablo but necessary to give up The I1cS and take TUE
ing my business. Considering the large amounts That
me Herad ne Times and lhc Post have been in the
habit OF receiving real estate advertising U Is quite
Iet' kaDio t, oo V ; "a ,est cre,ce to the iI
meetings OF brusors the floor Of the Exchange which
likely to lead to most important results. 0uC@ = e
interest manifested that some one proposes to start
daily paper in order furnish To tho matters Of
daily Occurrence at the Exchange. THE TBBuNf, how
over kept pace with the movement from the begin
Ming and iud ging from the Increase In ts advertising
will lose nothing by 1t. Your daily reports OF the meet
ings the Exchange lead me- to the conclusion that at
last the Is open for owners OF real estate TO have
in the MANAGEMENT OF their property ana that here
after the various departments OF INC CITY Government
VIII not enjoy monopoly OF that business.
At one 0 the meetings tho subject of assessed tax
valuations was under discussion. Taking your recent
article excessive valuations IN tho First Ward "a u
fair illustration Of the unequal distribution OF taxes
throughout the city. OF the best known brokers An
made the suggestion that commission OF 'cH-
pers should be appointed to revise the entire work OF
the assessors and to cquaiIo valuations OF property
throughout the city write to second this suggestion
aud 10 add that after the valuations have been equall
IcG there should be liked ratio OF assessed valuation
the actual value 90 or - per cent or even the en-
tire amount Of tho whole value. As 1t j. now, some
properties assessed AZ much more than they would
actually bring auction private sale, while others
are Assessed at not % per cent OF their actual value II
stands 10 reason that something is wrong II Is also
reasonable To assume that the assessors. who have
brought about this state 81 things. cannot be depended
upOu to remedy the evil Even n the inspectors were
men Of recognized Judgment 10 values OF land Or
buildings instead OF the politicians that they tho
same necessity would exist.
II TIE IlIBuSE Will take this matter up, it can
count upon the support Of nuc.cnths NJ the property
owners 10 tins city and, hope of the Real Estate TX.
chance whose particular work this seems 70 ne TO bc.
II is Idle TO talk unless action Is taken II IHE TRIBUNE
Will do the talking. real estate men Will do the acting,
alaI reform is possible 10 viii Dee accomplished. II You
WILL reporters canvass this subj c among large
rcni estate owners and agents, You Will hud these
opinion. 20 he universally hold Il Is time. however,
that thsy wore generally expressed trust TIE
T.I4. NJ VIII see that ;A!- is done