New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-03-17
THE WEEK IN REAL ESTATE.
EXPERT OPINION AGAIN AT DISCOUNT.
| HIGH PRICE FOR A sIxTH-AVE' Aoi
rn,xs,~ ANN RAPID DEVELOPMENT

~
HIGH PRICE FOR sTxTH-AVE' 10
rp.Ns,r AND RAPID DEVELOPMENT
49,, on,r,on ON real estate IS again at as
~. sh,r.d.v ludlow a Co. sold at the EN-
change the estate of Samuel F. Mott the pareei
attracted the most attention and the nvehes' p'uu"s
heIne the northwest corner Of Thrty-ih'rs~ -
sxtb-aye The building amounted 70 uo.'rns' , ,n
valne being entirely In the ground, which IS
feet This IS the only corner lot OF muse uN 60
betveen rbirty-fourth and Fory-second spS'' on -D
esst side Of sixth.aye that is open for Improvement
var,ous valuations had been placed on IL oy prohit
nent experts but the price realized Soo'4oo' "ao
bevond the expectations of any. There nave poo"
few transfers Of realty along the lido Vi 0A'H
from Tnirty-fourthst TO Central Park since tne Son
struction of the elevated road but the hgure oo'a
for this parcel would indicate decided increase IN
valurs in that neIghborhood. The sale may prove
a useful weapon in the hands OF tho manha''Su i-'
waited Railroad attorneys.
The real estate market during the week shows an
encouraging increase in tho NUMBER ana auiou"' -
CONVEYANCE and mortgage deeds fecordeu o'or 'n
figures for the corresponding period last year. a"
unusual number OF transactions OF S1OO,OUO anu up
ward were noted. The number OF parcels uanS-
tarroA savs .Tbe Record and Guide" was 300 as
against 14o for the Same week last year. anu iner
cost was S5,594361 as against S2,olo,fVo. Inc
auction market opened In lively manner Oh 'oua'
and continued brisk all the week, Win prices hi.
Vacant lots were ia the majority. TwcntysN VI
these in Madison and Park aves., between Ninety
third and Ninety fourth sts, realized $233,s'o. inc
corner lot at MadIsonave and Ninety thirdst fetched
s5a 400 and the two in Park-ave., at Nlnctythrdst
and Ninety. fourtst realized, respectively, $oO,5''
and 5000. -,
On "wednesday r. v. Harnett & Co. sold
No. IL Cornela-st for S2s,76o. tho purchaser
CONCENTRATING himself the bargain. The amman
rental of the property is $4,000.
But for the lack of satisfactory means of transpor
tation the development of the upper west side Oh
the island would be rapid Rapid transit and rapid
development go hand in hand stfl the interest IN
property on the ridge between Spuyten DuyVei ana
-and-hfty- ffthst. Is growing apace, ana
purchasers are beginning to open their eyes 10 Jus
manifest advantages as place Of residence me
natural drainage picturesque location and magnificent
scenery along the Hudson River combine to make lo's
on this backbone highly desirable. The opening OF
the Fort Washington Ridge Road will throw open some
of the finest buildings sites in NewYork.
There have been large sales of realty on Wash
ington Heights since part OF the Jumel estate was dis
posed Of in 1887. Prices then were entirely salts
factory and 1t Is strange that the advantage was not
followed up.
Mrs. Cutting has bought the northeast corner OF
Madispn-ave and Twenty -ninth-st., for $4,000.
The new building Of tho Century Club viii probably
stand on the northwest corner Of Parlt-ave. ana
Thdrty-ninthst., the site now occupied by the First
Methodist Episcopal Church The price of the prop
erty is S215, 900.
G. o. shaler has paid 500, 900 for the fourstory
building at No. 90 Fulton-st.
Colonel Elliott F. Shepard is trying TO buy out the
rights Of the tenants OF No. 2o3 Broadway and Nos.
l64-I69 Fulton-st., which were purchased by him
at the recent sale Of the Jones estate. Should he
succeed In doing so he will improve the property and
occupy IL for the of The Mail and Express.' 1t
due to the high compensation demanded by Heeeman
Co. and other tenants for vacating prior 10 the eX
piration of their leases.
The Berkeley Lyceum has purchased from the How
fourth-st, lot 25xl0o adjoining the Lyceum on the
east
Beecher, at Peeksiin has been sold to C. Ii. Butler,
of this city, for $4,000.
The four-story brownstone front ut No. "a West
6ixteenth-st., which was bought by the College OF
In consequence Of the projection Of the college build
fng beyond the house hne has been sold for $4 800
Samuel NJ. BlaRely has sold for Elliott Smith
the ree-story broSnstone house At No l5I West
S23.250.
The Read Estate Exchange will consider tomorrow
whether the subscription for annual membership shall
be reduced from $50 to eco, advocated by Secretary
Luyster The choice Of place for signs I'm the Ex-
change salesroom, about which legal proceedings were
at one time threatened, was sold last Monday, and
the premium amounted to $3.50. The rental Is 500
per annum for each sign.
This weeks offerings at auction promise 10 be
many and important. The Academy Of the SACRED
Heart Will SCI ryseysn vacant otS between Tenth
One-huDdred. and-thirty-third SITS. The John Meeks
estate, consisting Of about S750000 worth OF down.
town business properties, wiz be sold on Wednesday
Heater.st. lin HIS wlfes namel, win be sold Thurs
day Many other valuable properties in New-York
and Brooklyn are to be offered during the week