New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-02-24
AMONG BUYERS AND SELLERS.
MOVEMENTS IN CITY REAL ESTATE.
PRICES GOOD AND PLENTY OF MONEY SEEKING
NvEsTMENT-GRowrH or THE WEST SIDE.

PRICES GOOD AND PLENTY OF MONEY SEEKING
INVESTMENT OF THE WEST SIDE.
Real estate brokers and property-owners generally
thfoughout the city In a comfortable state Of mind
over the condition of the real estate market Prices
are good and there is plenty Of capital seeking In
vessmcnt Attention might prontably be called to
inc interest In real estate the west side OF town.
which Is declared to be particularly strong at present
There were nine houses sold in Eightyhfthst., be-
tween Eighth and Ninth aves in the last thirty
days, and several others in Eghty-sixth-st., be-
tween the same avenues, and in Seventy sevcnth-st
between Ninth and Tenth ayes. These pieces OF
property, including five houses sold by Tichbom g.
Wilson, all thoy built this season. were disposed of
az prices better than last years. The block bought
by the Morgenthau syndicate at the Ist Jones SALE
two months ago, has been pretty well sold out to
builders to be improved.
Christ Church. formerly at ThIrty-nfth-st. and
Fifth-ave Is building lne edifce on the northwest
corner Of Seventy hrstst and the Boulevard covering
about seven city lots Another to be built soon at
Seventy thst and Boulevard is that Of tho Rutgers
Riverside Church.
Of private dwellings in EIshth.aye., between
Eghtyiourth and Elgh,yhfth sts., and In Eighty
sixthst, between Ninth and Tenth ayes, was fin
lshod short time ago. Work is also advancing on
the ed Regiment Annoy Building, between sixty
seventh and sxty-eghth SITS and Ninthave to Boule-
yard taking In the whole block
"The West sde,' said well-known real estate
broker 10 Tribune reporter, Is developing very
fast indeed. a who hadn't been here In two
years would get lot"
Mr.. Skinner OF skinner & Nells. No. 1,1eo Ninth
ave- stated that the greatest movement In real estate
the West Side existed in the ncghboihood OF Sew
cnty -iourth and scyenty-hfh sts.. between Eighth
and Tenth ayes This had been section that had
been shut up for many years, and was needed for I'M
provcment Fifty per cent OF tho lots sold OF the
Jones sale had been resod at an advance for imme-
date Improvement. Nearly everything that was
ready had been sold soventy-sccondst Mr.
skinner added that the movement In real estate near
slxyseyonih and sxty-eghth SITS. was caused partly
by the Armory and partly by the coming elevated
station a. sixtyslxth-st. and Nlnth.aye Retailers
wanted stores In that nclFhborhoo, and things looked
healthy from slxyslxth to Eshtynrst sts, from tho
river % Eighth-aye Tho property there was all
sterling
BUILDING PRIVATE HOUSES
In the course OF the year twcntysix houses VIII DO
erected on the north side Of soventyfourth'st De
tween Eighth and Ninth ayes. Many Of them VIII DO
twenty feet front and viii be erected for the use oil
fbc builders Tho fronts will be artistic. and IL Is
promised that the character OF tho Improvements VIII
be of the best The managers Of the Clark estate
that owns the south side OF Seventy forthst between
Eighth and Ninth ayes, expected shortly 10 I'M
prove the whole south eide Of the street
Mr.. Bacr, on MOTIFS Is. b1tf o. NVr NJ ~ 49,
Thirty-fourth-st. said he had many inquiries made
to him about West Side property, FOR Wmch soOo
prices were readily nttansble.
Mr. libby OF Libby & scott, IN the Equitable Build
ing declared that there was not as much Ouiiohs
going on on the West side there was two years ago
At that time there was little overbuiding bur now
tbs demand had almost caught up with the supply
Mr. LIBBY spoke OF the growth OF The population oI no
city amounting 70 10000 10 10000 year. and inc
he est
dead unt the elevated road started and better transit
WA needed and when supplied would stop the growth
OF suburban places ,o,
Mr.. Lespinasse, OF Lespinasse Friedman NO lsi
broadway Inserted that the west sde Oh to"h inc
tone was better than had been In many years "nen
a lot at Seventy nfth-st and hinih-aVe. SOU ior
600 tho market was in healthy eonuiuon' Iae'
wear Il was expected that on account on 'ne o'er-
bufdlng there would be great number OF foreclosures
sad ,,o, q, ,,,,bt cause A weak market. The fore
clos,rr, sales however, had been gradual. and In
Fact lad not been noticed Property had been grad
uay taken up by investors, tenants nan Oeeh seoureu
for the property and the outlook was certainty GU
couraglng 10 westsdo builders
at n doubtfuIs he added II the real estate mar
Eet has ever seen so many people watching ior par
aims az today. Whenever any property comes
nr,chassr a. found for Il Immediately. The only
cloud that there is #. rs the Snless want soS Ss
moro rapid transit, ana unlees ooinv
project IS brought ont before long uptown suos nsy
rom downtown to Washington Heights"
A SOLID FIELD FOR INVESTMENT.
p z,tei Of No. i,1so NinthAve. mentioned the
fact that property at seventy hfth-s and Nlnthave
o. nttng NJ four lots was sold in January for S6' ooo
and a dav or TWO ago was disposed of at an advance
=, a, 600 Morc houses we're needed on the Wost Side
1hr hoa heon an impression that there had been too
n,uch building whereas as a matter OK fact three
s,orv houses with extensions were needed anywhere
vest NJ NInthave. and between Seventeen and
Eghtieth sts Special interest was now oelhg diree'eo
to this part Of New-York. 40, ,r,,..
AZ the Office Of John C. Prague. NO law Ninth'
ave a. VIA stated that houses In west Elghy-SNu
A. between Ninth and Tenth ayes, had oeen rented
az low figures 20 a desirable class OF people
Mr. Myers OF Scott & Myers, Broadway ano Liberty
g, smoke confidently OF the outlook for real estate
generally I'm the city. Everybody o@PcHcd ina' s.9
estate wSs the best security and there vas more
eonildence In lt than IN any other form OF
ta thon0bf TheTe Is limited amount Vi redi
tate said he and the city IS NONilk AZ q
tremendois rate, Railroad ptOporuos nIalp svA
earnings, and tho next year sway 60 the earning
donPt thInk we've begun 10 see tho rise OF real
etaie in New-York Prices are 6ettor IA we. S s
Income producing property s9io y I rarto,s io,
Higher, others are not II ds Se nnsShboTRood The
~ srlSet is strong and there "a more lnetgss SHOWN
~ II and more investors than ever saw pel'"'
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Prom The washington Post.