New-York tribune., 1890-01-26
TIE REAL ESTATE MARRET QCIEE
BUSINESS PROPERTY IN GREATEST DEMAND
c,I,xcrs IN THE FIFTEENTH WARD.

BUSINESS PROPERTY IN GREATEST DbNAND
CHANGES IN THE FIFTEENTH WARD
The real estate market continued 10 be rather dull
,,st week although there some improvement over
a. ,aoL hofore There were not many sales OF
dwelling houses nor of vacant lots. the chiei acuNlN
having been in business property downtown ana III
aatbouscs At the Real Estate Exchange business
was lively on only one day last week, Tuesday oh
,hat day there were number Of sales and the at
tendance was large and the bidding fairly brisk Inc
most important offering that Of five hve-storS
fats AT sXtvG!stst and Ninth ave, called the Essex
IN lot lOO5 by 100 feet The highest bld "d'
sl65 900. but the sale was not completed 80 INC
property was sold at private sale ON tle other u'SA
tbe offerings we're neither nor Of particular
interest. Indications do not point 10 much gfea,er
liveliness at the Exchange this week.
The Real Estate Record and Guide has compiled
some interesting statistics on the subject OF inc
changes being made in the Fifteenth Ward. In tins
,ection the spread OF business houses has been most
marked Merchants. finding that they could carry on
their business almost well at little distance from
broadway as they could In that thorougifare. have
been shifting their quarters into the side streets
where rents are much lower The elect OF tlus move
ment has been most plainly visible IN Tie section
bounded by Waverley Place. Macdougalst. West
Houston.st and Broadway. Here were formerly
many residences small dwellings with stores. ana
other old buildings. The march OF business Is how
IA S-N~N~'N~'
their place are rising large business structures me
greatest changes are visible Blocker ST. but other
streets are not far behind it,
This movement has caused number o;elTe"d IL
vestOis buy property u the section referred TO- ana
prices have advanced in consequence. Among the
buildings projected in this neishbOrhOOd Is one 10
cost 500 900. another $4,000, and several On
which more than 100000 Is TO be spent As an
instance OF the rise III prices 1t may be mentioned that
the northeast Of Greene ST. and WavcIey PLACE
was sold for $G6,3OO in 1850, and recently brought
Sl5OooO. There arc other Of nearly great
advances in few years
A. z. stokes is said 10 have bought for 100000
a niece of property on the south side of Cedar-st be
tween William and Nassau sts.
The OttendOrfer estate has sold tile apartment house
the Bella at Twenty sX hist. and Fourth The
price has not been announced.
Another report, which, however, IS not lacking IN
the appearance OF ruth, Is that John Euck has sold
the entire block bounded 10y Tenth and Eleventh aVcs
and SiXtysixth and sixty seventh St.. comprising
sjXtyfour tenement houses, with stores IN the avenue
houses. An English syndicate Is the reputed buyer
and the price is said 10 be 81 100000.
Neil burgess the actor has bought for $4,000 the
Rutledge, q HVe-stOIy apartment mouse, at Central
Park West aud Eighty second 81.
Joseph 10th has bought from Howard G.. Badgey
plot OF thirteen lots the south side OF one nun
hred and fifty -hftst., extending from St NlcIolts-
ave 81. Nicholas Place. The price was reported
to Oe $12j. 900.