New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-14
FEW SALES OF CITY REAL ESTATE.

xocH,s RIG BUILDING UPTOWN BOUGHT FOX
5000.
Tho real estate market continues TO rule uun' u.
largo sales which have been closed IN inc last won
simply representing the completion Oh 'ra'i'" .
hitch have beeh under negotiation for s0ine ule
The confidence Of holders continues to be sustained iu
trors and renters on Manhattan Island are sd con
ronted with sn imperturbability on the part Oh
and owners which tends drive persons mo al io
available suburbs of New-Yors. The glowing h'iUH
uons of advertisers of real estate out OF town nal
sometimes be worthy Of critical scrutiny put 'ho i
remains that the struggle for life in New iorN no
reached a point favorable TO flight TO suOufoan i0'
idonccs. - A., am
on sales of suburban lots commanded fair prices anu
suggestions of syndicate support were indignant! ue
,,ed ON Tuesday property really valuable was Will
draUn because Of trouble with bidders, and dul Gays
are 10 he noted for tho Of the week inc auction
aIes for this week do not present any eXtraoiunds
transactions. - ,,o ,,or+
The Hone estate has sold the fvostory, maroieron'
bnldfng nos. 1875 Duanc-st- TO the heN' DE-
Eugene A. Hoffman for $4,000 Lyons ,os Mor
sold 10 Mrs. CorneHa Wadsworth Nos l0"l'o Mef-
cers. for $4,000 North Of F1fty-nintn-st' James
I,hhv has made a sale which is described by "Ihe
Record and Guide as follows
II Is probably the largest real estate transaStT
closed in Harlem ana W UHst mpotsnt in recent
@ This sale is of the four-story nre proof 6uleng
iit and now occupied by the drygOods firm OF H. =: r.
Koch a Co. Nos. 1872 to 14O West Ohe-HuII hudre
twcntv st. and Nos 141 to 149 West One-hunaeut
fourthst. 1t has frontage on eac Ma ~ cor
81 100 feet by depth of 200 feet, and II vas so1 iD
S57S 900 The purchaser, F. o. Matthiesen; vice e.
nrcsdent of the sugar trust. has leased the 19 ~
Rocb 4 20 Tor thirty years at an average Teilsdi VI
$40 600 ner annuIn or total rental OF ~ ZoyVUO ~
tho whole term making the amount lnNoSe 30
t,onsaction 81 775 900. Mr.. MatthleseI nae 80
w. Id another story to the building ana 70 put III Ivy
70 au o1avotors whenever the lessees wish IT, Upon
this additional investment he is 10 receive 'eH'AA "
,be propcrty on which Koch & Co.'S building STANDS
uas purchased last June from Chal3s LIaCc ~, Ga
Cco and the huildng plans for which We're aiso iIeu
49, Irne vas estimated 70 cost S2OOOOO AZ ueoo
ecrres therefore there profit LOT hOcI q ~
f 5i93 COO on their investment, and the purchaser
Mr. Matthiesen will have an income OF aoouC ;r p a
cent on his purchase price. This traqsasuoh VIII 70
Te' 20 o cstablish values in Onc-hundred ana twenty
afthst Heretofore the buyers IN that thofyusii.ae
have been largely Of the Spectator class WHO PEI ~
~ resell Mr. Matthlcsen IS an investor, anu . otn
pr,cn he Maid for this building represents 70 eertn
a1tan+ the value OF One-hundcd-and-twen hlUi,sv,
Droucrtv as an investment. 1t IS likely uitt W. NJ
hon ~ the same investment class VIII lOhoH ~
Wathesen's example and make purehsseS on n nd
treat uptown business street. needed IneS bnlrod
ercadv negotiating. Rum0rs of sales IN one ~
ond twenty Gfthst have been very thick Gtins w
iasi few months and where there Is 50 mucl snnh9
tbcro must he some fire. This Koch sale Is tnc L.c
SerfcaOn OF the reports that have Kept rca os'"''
roan toiiying for the last six months or more
"The Record AMI Gindle7 reports the iolio"ins
summary of transactions In the last week ana lor ''
corresponding periods Of 800 and 1857