New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-05-25
DIZZINESS ~ RE.fL ENTfTE.
CAUSE, WHICH KEEP THE MARKET down 7

CAUSE, WHICH KEEP THE MARKET DOWN TO
FLNTNESs.
The real estate market B, uu1cuiably dun although
iaiT volume Of transactions is recorded Tho dulnc,s
may b" called comparative, and 10 NAV be- credited 10
scasonible influence. bat he result would undbtcdly
be more bu,ine>, il holder, were not 50 sim ln their
figure and confident in their view, II the future.
Perhaps this optimism may he justified later but II
Is certain that buyer, VIII Lc char Of liberal invest
mch'' uhtI upper Manhattan IS provided with IN
creased rapid transit faclitic, There Ia, been an
enormous amount Of building on the Wc.f Side In h,.
lat two or three years. and the utipcaon of nats
Ia, exceeded the demand Rents have not openly
facn, but In some Instances reduction. hay, ben
disguised under the form Of presenting 10 tenants one
or w" months rent or granting unusual facil.tic,
The market j, sustained IN some directions only by
the support Of capital whose commitments compel IL
to be generous 10 borrowers The elevated roads are now
OycrcrOwdcd that they have ceased 10 De 4 sflmn.
lane element 10 the growth Of the upper sections Of
the city. New facilities Of travel are nccdc: f. draw
people northwTd; under existing circumstances they
are being forced for economical reasons and by con
sidcratiOus ~ comfort into the New York and
New Jersey suburban districts. The real estate com
munity must unite 10 relief from the
don Of travel If the range Of values and Of rents mp
town IS to De permanently sustained.
The numbcr OF cOnycyanccs recorded last week wa,
1915. involving S7,12, $50. against 97s invoking 3d.
27O.46l, for the week Of Issg The mortgages re
corded were 81 IN number involving Si7O2.OI0.
against 90, involving - 200 9-J In 1850 There were
100 buildings projected an estimated cost Of ~ go
47O. compared with lOJ and 81 .JJ2, 200 IN 1889.
feature Of thl, weeks sales auction viii be the
Offering Of large numbers Of desirable country lots and
properties. Other Offering, also worthy the at
tcntOn Of the investor
THE Record and Guide announces the sale By the
Burnham estate to w. Osborn Stoddard II the south
west corner Of Flith-avc and Eighteenth It. for
ti5o,000 Mr.. stOddad VIII build an Office and store
building ten eleven stories high. Il IS reported
That Jane, T. Woodward, president Of IN" Hanover
National Bank. has bought two lots the north side
Of Fifty sixth st. 80 feet Of Ffth for from
10000 b. 800 900 each. ". ". Aston has sold 10
Harris Mandclbaum Nos. H. II and II Charlton Il.
and No. Els Thompsonst. Frederick Southack has
sold for Henry Corn 40 l26 Becccr ST. for 80. 900.
The Church Of the Holy Nativity has sold the church
building Nos. - 10 - Avenue & to lIOrean ~
siattery for $4,000. IIcilncr 4 Wolf sold No
2JI West Forty second II, for 100000. The five story
warehouse at the southeast Of Second ave ana
Twenty first ST. has been sold DR.. Wise for $4,000
r. &. Eastman has sold the southeastern corner oi
sixty cgth-st and Fifth 40 by 100 feet. and TIE
lot - by 100 the south side of sixty eighth ST.
100 feet east Of Fihaye.. for s2o0,00O MR., Robert
100 feet the south side Of hiAty ninth St, - lTco
east OF flfth-ayc for $4,000 NJ toiby haS 1 ir9
bought from Naldcinar Caspary the lot 80 pS A.,
fert adjoining the other on private terms. Mr..
Colby will put up fifty five foot front house on teNe
the north side Of Ninety third 81 tuo iect lanes
Tcnhave. Mr. Iirsch has rcSold The lois 70 1S rnrt
| Brown for 10000. lie viii Improve them p ha.
Ing five private dwellings. Man IoWh,e'IId r If
cold to Francis Moran three lots on inc son,H a,.
one hundrcd and nth ST. l43 feet east Of Madison No.
tor So. 900 for improvement. Edward skillnlih mas
plot on hs south SIDE Of r 2hc ave noM occupied
coaIyard. To- william Greene Tor 100000. Franz
L. Fisher has sold to George Cohen Two lotS oH 'A'