New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-05-11
REAL-ESIATE MEN DISAPPOINTED.
FAILURE OF THE RAPIDTRANsIT SCHEME
CAUSES GLOOM IN THE MARKET.


CAUSES GLOOM IN THE MARKET
There is distinct disappointment in the realestate-
market the failure to secure legal authority for
rapid -transit improvements in this city. The malg
nant influence Of Tammany Hall in its manpulatons
to defeat all in th, direction that were not
intended give it power Injurious to the city will be
remembered by rc.lestate dealers for a long time
Even the men whose political sympathes In many d.
rcctlons to Tammany Hail. feel in their pocket
books the effect Of the juggling which prevented
Republican legislature from gratifying the universal
wish Of the people for better facilities Of inter-
communication between Harlem and the business
centres. Little /, doing in the uptown districts. but
the main check TO freer Transactions in business
quarters downtown is the high price at which prop
critics are held in that territory.
The official records show for last week $40 con-
veyances. involving Sl2713.456. against 515. in-
voving S10.oi- .l0J In the same week Of l7-J There
446 mortgages, involving S6.G35f05, recorded,
against 446. involving $j,l33.72O in 1859. The
builders continue take hopeful view OF the future
and the record, show 1872 buildings projected at q
cost Of S3l1i,,2O, against Il, involving 5l,io2923
for the week Of l--9.
Mayer Kahn ha, bought from William Waldorf As-
tor No. II Warren and No. 81 Deyst., on terms
that are yet concealed. smith a Weston have sold
Woo,terst scott a Browne for $4,000. This IS an
f fSr be p of $3.50 sS r on ns ' Ko@
sold 10 DR.. George r. Jackson. No. ~ Eighth,aNe.s
for $i-.OOO. and r. VI. stewart sold no: l46 West
Fifty eiglthst. for $4,000. Ascher Meinsien mas
sold Nos SIS. $50 and $50 >iNth-ave. for $4,000
F.. W. Candee sold No. 1O7 West Fifty-seventh Il. %
simon Bernhcmcr for $4,000. No,. l05 and lO'
Seventh-ave. factory buildings. have been sold Tor
$1,000 TO :, ". Mayer. Hattie Werner has h2ngho
No. 3I4 Delaney for S32 900 from Henry Waters
and samuel Levin.
The plot of ground I'm Onehuudroi and twenty nth.
st. between sixth and seventh aves.. 100 by 20olo
feet Ia, been >od by Charles X. lace To IL. c. F.
Koch. the dry goods merchant, for T2JO.OOO. Mr.
Koch intend, 10 put mp immense building for dry
goods bushes, purposes The >iA three>tory DWELL
ings in Eighty -eiglth> between West End ave. and
the Boulevard. have been sold by Frank l. Fisher 10
A. f. Johnson for tl2j.01o. The northwest corner
OF Tenth ave. and Eichtiethst has been sold 10
Gordon BROTHERS flr Improvement for $4,000. J. ;.
sturr.evant has sold for -. -. Mum Nos l.O+l and
lOi2 Fi(thave FOR go 600 each 10 Hattie VI. Hedge.
Radebod a WerZ have bought four lot> az Fifthaye.
and one hundred and sixteenth st. FOR $4,000 for i'm
prOvcMcnt.
When Ncw-York property falls of in value or tho
natural dimuution Of the strength ~ the suburban
markets. Even the failure Of the rapid transit project
in the state Legislature ha> given no particular
boom To Out-oftown property. There are many
houses to rent on staten Island, and although tho
rental i N it, height the demand has dsap.
pointed expectations. and concessions viii be nectet
Ia secure the removal Of many To let" signs. The
competition among seller, OF country buildings and
plots Is increasing and that is element that IS nOS
ignored by prudent buyers.