New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-04-12
nIILNESS IN REAL ESTATE.
low PRICES FOR EXPENSIVE SITES.
,rpy.G1u on Lcw-rgicEp PROPERTY -FEATuRks
OF LAST wEEK's MARKET.

,rvr.G1u or Lrw-raicEp PROPERTY -FEAiUREe
OF LAST WEEKS MARKrf.
A dull week in real estate circles closed yes
,day Few private sales Of any magnitude were mace
and brokers are complaining Of the quiet oil the market
s IN II forcc Of the duness Is felt hisnprccd prop
mt there is a light inquiry all around for all grades
NJ houses and tenement property. Inc uaoo =
settling down with resignation to the idea ul", -
importaut activity win DO enjoyed this season. pus
pev,rthe,ess the condition OF business Is Is
80 .o,,a no expected and the real estate interest 10
"a than are many other departments OF business
Tno ,s supuIy of funds on loan and the dis'ru'' '
felt regarding railroad management arc s'os 49,.
a.. tocors In the situation. The oinc'a recoiu .o
,ssr shows 243 transactions, invo'ins @4'oo''oov'
against a5e. involving $S'ozz'4I lor '"0 's''
,ass year The weeks record OF mort
rares was S2,s54.0O0, against $2'4oi,oso
Co. the same time In 1884 The transactions
q, the annexed district reflect slight gain from last
year enc auction rooms the sales amounted to 81, 291,
oa az compared with 81 4503S0 for the corresponding
%es ago The IN the
A. rule good prices we're reazed especial nrmness
sss sSpss m sensd
TSsa on sreb psHp0 to the grade
priced realty, but In rough way the market ay 70
described % sa ss viii ee u
General character those OF last week. but investors
vll find many opportunities, propapy, OF EiahnE uo
s;rahe acquisition reasonable cost Inc new hcai
Esfate Exchange will open this week and dealers are
con6dept that its benefits to the market Will specify nc
recognized. The promoters OF this Institution nave
had fattering success in their efforts SO
Tar TO Improve the real estate interest and
70 ar ate measures for It's advancement ON a. large
scale All signs will fail II this organization does not
become one Of the most potent influences IN asssuhg
the material development OF the city IL IS notewortny
that me Record and Guide reports the sale OF ten shares
of the stock OF the association at 81 100 each WIN
purchaser ready take more at the same price, anu
Also ten shares for sale AT 81 $50 each:
Among the private sales reported last week was
that Of the handsome house at the southeast
corner of Fifth-ave. and sixty-third-sI LOT
about 100000 G. Barney built the house, and II was
finished last December The name OF the purchaser Is
concealed for private but 1t will be ntteu up Ior
his home The lot which 1t stands s 2S by 100 Inc
Mitchell estate sold to Sire sons thirty dwellings on
Twenty eighth sts., the price reported being apont
is on speculation and not for long invest,
ment and the belief is expressed that the good
price realized indicates that the sale was not
Wholly cash one. w. Jennings Demorest bought from
Phillip Drummer the Lenox House, at Thrteenthst- ana
Fffthaye for 100000. 1t will probably be converted
into stores and offices. The plot IN extend
ing from NEUTRALITY-SUSPICIOUS. to one nun
fifth sts, 200x50 feet was sold by Mrs
Augusta Redfeld for 100000 to AvaS Walker VINO VIII
build apartment house similar to the
At Eghth-ave. and Onehundred- and twenty-nfths
Eighteen lots in One-hundred- and-thirty and
ne-hundred thirtye SITS and Willisave were
sold by Walter T. Marvin for $4S 0OO NO 142 Chryste-
st. was bought by Herman Levy from George " Johnson
forx 600.