New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-06-08
Broadway G |4th St.
IN TIE GLITCH OF SUMNER.
WARM WEATHER AND BAD POLITICS MAKE
DULYEsS N REAL ESTATE.

WARN WEATHER AND BAD POLITICS MAKE
DUUNEsS N REAL ESTATE.
Summer dulness is TO be expected in the real estate
market But there is little question that transactions
are in many instances hung up in the air because OF
doubt about the future Of rapid transit for Man.
haitian Island. II is pity that there is such DOM
inant political sentiment In New York that the labors
Of Of the safest and strongest owners of realty
or spectators the growth Of the city often NULL
fed by considerations Of purely partisan advantage
When one particular party sways affairs in any munich
palty TO such An extent that the existence OF the
minority party is esteemed sin by the members Of
the rebelous faction in the dominant party IT Is hard
have business undertakings or business considera
tons treated they should be, namely, from strictly
business point Of view. Real estate by It's dulness
shows that In spite of the excessive advance which has
made property in some parts Of the city stunned by
the more conservative classes Of investors, there Is
depressing influence in the political uncertainties which
result from the peculiar attitude OF the property
ing element, whose sympathies do not run toward the
minority party in the city, but whose practical acts
tend 10 pcrpetuate control by the dominant facton
which they oppose in their own ranks
There were no important sales of city property
al the Real Estate Exchange last week aud the
market for suburban property shows reluctance on
the part OF buyers which was not noted earlier in
the season. There seems TO be growing disposition
to protest against greed, whether it is among
TO gain excessive advantages from the stress which
IS steadily driving people with any sort Of moderate
means out of New York City.
The record Of conveyances for last week footed up
Soo77lOO as the amount involved on 465 parcels.
compared with 1868 parcels involving S6.3oO62'.
in the same week OF 1859. There were 46i mort
CAGES recorded involving S5,60o,52 against 35l. in"
volvng "a 236, G01, in 1859. There were lOl build
irgs projected at an estimated OF S1,52' 100,
against l2l involving SO, 646,050, in 1889.
The Metropolitan storage Warehouse Company
has bought from the stryker estate and Others tho
and Fiftythird sts., sixteen lots in ALL AT
cost of 1850 900. OF course warehouse VIII
be erected on property. Isaac Cohen has bouSht
the northwest corner OF Greene and West IhlId SIS
AZ a reported cost of 100000 The property al
the southwest Of Thirty sixth ST. ana DrOau"ay
has been sold TO Charles Il. Johnson, VINO owns seH-
eral adjoining parcels The price paid was SeoOoo.
\ sale has been made for the Apgar estate OF Nos.
1872 and ia Eranklin-st, for SoO,OoO loIlldh
Bros have sold for David Baum NO. Al Great Jones.
ST.. for about S32 900. The Knapp estate has sod
Nos poo 10 236 East Twenty sixth 81 for Sl'O'oOo.
The congregation OF Bethel have sold their synagogue
Ia te Cliutou-s congregation Of Rodolph sooHl Ior
81 Is 900 Edward j. King has sold three lots on me
north side OF hundred Xteentl ST ana threo
lois on the south side OF one hundred and seventeenth
William 8 Anderson has sold for owen NcCrorhen
10 Thomas Nugent 4SxloO feet on the east sac OK
Ninthavc - by north seventy .iourtl-st AZ
s33. 500. These two lots were sold AT me Jo>nni
ZONES estate sale for S27950. They are TO be I'M
proved Immediately.