New-York tribune., 1890-05-04
TIMNANY HALL NAMES THEM SHY.
REAL ESTATE MEN HTsITATING OWING T. THL
RAPID TRANSIT UNCERTAINTY.

RAPID TRANSIT UNCERTAINTY
The real estate market stll shows The hesitation
that dealers and speculaors are compelled to exhibit
owing to the uncertainty Of Rapid Transit legsatl'n
and the fear that IN some way Tammany Hall m'"
secure "A control Of facilities that would De d.
trimental To the best Interests Of the city II IS his
u,pcnse which has caused some Of the auctoneer' 10
complain Of the lack Of character at the attendance
last wcck AT the sales IN the auction rooms "I the
Real Estate Exchange. although the properties thai
have been wclLadvcrtlsed have drawn large crowds
The major part Of the attendance. however. sceicd
to be drawn by curiosity rather than by anhiou'
desire to invest. Conndencs Ia the market + shown
by the leading building loan operators. who continue
to purchase and resell with loans. The Official record
reveal the sale Of many valuable properties not
heretofore reported. but there Is great rctccncc on
the part Of the principals. sixteen lots ia LcnoA
ave- between One hundi ed and xteenth and ono
hundred and seventeenth st.. forming part OF IN"
sherwood estate; about fifty lots on the east ana
west side Of LcnOx ave, and One hundred and thirty
seventh. one hundred and thirty eighth and One.hnn
drcd and thirty ninth sts sold to Herman Wronhow.
and subsequently traded By him 10 Charlie, +. Runh
for "A dwelling in Central Park. West near Eighty
nfth-st.. and three flats In sevonth-ayc. and one
Hundred and twenty seventh II. have been among the
large transactions about which secrecy l. maintained
The sherwood corner. at Filth and Forty fOurthst
sold to Charles +. Havemeycr. aad No. "A and ~
Cortandt.st.. sold TO solomon Loeb, have been IN
stances where 1t Is impossible to ascertain the figure
involved.
The number OF cOnvcyances last week twenty
eight. involving S722o. .793. agan, $50 in the cor
responding week Of 1s59. involving s0.G31.O35. The
number Of mortgages was 377 involving $4,lo4,-
56a. against 204, involving S3.I021Oi in 1889. The
number of buildings projected wa, 3d. at estimated
cost OF S23j2070. compared with 7G. at cot OF
sl ,254 800 last year.
Among the private sales last week were the following
Henry Waters and samuel Levin sold 10 benjamin Gross
and his wife Rachel the apartment house at the south
west corner Of Clinton and stanton sts for f6i,OOO
The same men have bought from Fay d StacOm Nos.
3lf and 3l6 Delanccy-st for 500 900. Russell sage
fh ave, south Of Fifty ninth ST. for $4,000. Thi,
lo adJoins the two recently sold to Judge Dugro and
Others at 100000 George W. Van Siclcn and othcr7
secured option FOR two months the lots al
$40 600 They are working Ia arrange for "a"
erection Of a United Clubs building at cost OF
s2sO,OOO. Chcsebro q Whitman have purchased No.
56 Irincc-st on winch six story and warehouse
viii be erected The Garrct T. Green estate has
bought the Aicbnhr block on the west side Of Tenth
ave. between Ohc.nIhuI. ana forty fourth ana oc'
hundred and fOrty-ifth sts consisting Of eight hVe
story flats and stores. for 800 600 The property
AT the northeast corner Of West and II0ratiO ss. has
tccu taken exchange AT value Of 900 OOO james
Kelly sold - Howard MacNutt the nat al the south
cast corner Of Ninety fifth ST. aud ihc boulevard for
$50. 800. Mr.. Kelly take IN exchange twenty two
Coln sold two lots on the north side OF Onc-hundrcd
and twcnticth-st. west OF Eighavc. for $1,000 to
David Elsner. Nos. lO4 aud l06 West Ninety ninth -.
for $50 900 each. Christian Bicrsack has bought two
lots ON the south side Of one hundred and twenty
first st. between First ave. and Avenue A. for i'm
nrovemenf No. "a Fast SiXtictli.st has been sold
fnr $40 600 by Hermann Schmidt b. Dr. G.. Klctzch.
A lot in Onc-hundreda and eehthst. IO6 feet east Of
was resod for So 900 and last week IL was sold again
at an advance OF So,3OO.