New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-24
REAL ESTATE MEN HAPPY.
THERE Is EVERY INDICATION OF A coon
SEASON.
THE DEMAND FOR HOUSES AND FLATS IScREAs
ING-BgooKLYN AND SUBURBAN PROP.
ERTY Also SOUGHT APrER.

THE DEMAND FOR HOUSES AND FLATS INcREAs
ING-BaooKLYN AND SUBURBAN PROP.
ERTY ALSO SOUGHT APTER.
The practice Of changing houses on May has largely
fallen into dlsuse. This IL due to the fact that for tho
last few years people in the city. to large extent,
have gone to country earlier In the season In each
succeeding year. For that reason, September has
succeeded May 1 as showing day. and IL Is at thf
time Of the year that the bulk Of the transactions u
| real estate are effected.
There are already sufficient indications 10 warrant
tho real estate dealers in freely predicting prosperous
year for their interests They base their calculations
upon the fact that this country has prodned remark
able crops this year. while the foreign crop has been
failure That will bring pentitude Of money Into
the American market and when there Is an sbundsno.
Of money all Interests are affected by IT, Further
move they say that although their business, following
the trend OF the general inactivity Of trade. rs
dul ND 10 short time ago, the demand at present hr
houses and flats Increases every day. AZ the sane
tme no rise In prices, except IN few Instances. need
be expected.
In this city, in the older sections. rents and property
values will remain much the same as theS arc. But
as the realestate market now is stf and holding IL
own rents are more likely TO 90 higher than lower
This IS true of nearly all Of the East Side. The prot
butes are that the property values viii not Dnctuate
On the West Side. especially between seventeen and
Eiohteth sts IL the demand for houses ana fats con-
Times. the range Of prices will undoubtedly be higher
Property along The route Of the cable road Is still In
creasing In value This, however. does not make the
oonts any higher. The completion Of the TlIrd-ava
cable line viii increase the value Of property uptown
on the East side. r y
The tide OF population is flowing 10 the West Side
Tho aocv Is continuous and healthy. At the time
if may be said that with the exception OF the section
between seventeen and Eightieth SITS, there u
slight oyerbuildiDg. In nearly every other poraon Of
the ctv building keeps pace with the natural growth
OF the city. Substantial, continuous ana what might
be called healthy advances have been made during the
last year IN the prices Of vacant lots I'm that section
Of the west side mentioned. Lots which were sold
last vear for 5000 cannot be bought tbls year f6
s1a 600 speculaton has not been INDUCED IN 10 the
extent it formerly vas This was due to pauciiy q
money in the market
Tbe tendency 10 live in flats has decreased some-
what the hotel apartmenthouse ana the private dwell
inehouse are much more preferred. Flats are pro
fnr,od however by small families OF moderate means,
,rbo choose their place OF abode from an ecohomic
standnoint II Is cheaper, everything considered, TO
live I'm q fat The hotel apartment houses are s0uent
after by those who do not wish TO De DohelSo VIA
their own cooking and who would rather not nave ue
annoyance OF employing servants. 10y tne average
family the private dwelling house Is preierred' III pro
portion to last year there are more dweiilhg-noOS
than fathouses being built Buldlg ID as 0AeT a.
last year but lots higher.
In Brool1lyn the prevailing dulness has not seemed
10 assert itself in the real estate business as muoh
this city, From all accounts, the reales'ate ousns
there has been active during the entire year. bh"f
lyns "movlngday" is said sill 10 be May l. aHh"n
there are great many movings In septeDiDer' ~n
this city the realestate dealers predict proSpoDs
wear in their business. They base their ASSURANCE
mon the general activity III their business and no
md dive houses ana 0atS IlS
year has been better one than last year for BrooNh
real estate Prices are, the whole, advancing ana
they will probably continue TO advance "luhh
half mile of the Bridge rents have advanced ana Das
ness has increased over 80 per cent
There are three sections in Brooklyn where ue
most substantial advances have taken place Ihy
ORC the Twenty sixth Ward. formerly East New-fofK
The Eighteenth Ward and New-Uhecht In the
T,ventv,ixth Ward the advance in prices has. oeen
continuous There are already several rapa-uAhs'
lines running thther and that doubtless mas proven
strong inducement for many TO settle there whose
ness calls them to the lower part OF Ne"-ioIA W.
The investments in New-Utrecht have proved W "
good ones Just as much speculation ~ e.c - g..
On in p7ooklyn. In the Twenty sixth WARD anu Fs'
1trocht land is sold by the acre and block 10 spe's
,otors The tendency there Is not 10 nas' Dus
r,non houses The demand for small houses
largely made by those whose interests O'"e ~
daily TO the lower part Of this city, ,
There As no decline in suburban real esui'e -.
+,,rg considered it has been good year. Inc ue'
nond is 10 great extent, for lots costing not IO..
than $50. Prices are little higher and are nAep
advance. , ,co,e asked
All the realestate dealers whose views VIZ 80 ~
FOR upon the coming season said the same tnns' "a"
prospects are bright -. ,oio, A,
Michael Gibln the millionaire reaestloe ue"rc'
No. 143 West Eightiethst, said yes'eruaS -
is q very prosperous outlook for the coming seH'-
here ia considerable inquiry among buyers sogG go
crTv ON the West Side, from cSve0ttm 70 Eie N an,
81 and i'm that neighbOThoOd In genera pS,Sv
we'll maintained aud have an ADVANCING 49, "a
Iots there are expensive and are becoming III -
am hooking for BRISK season al through W r IN
estate business and especially on the Nest Sma,d
and bring good prices The people 40 r h abnrt.
IN care as much for flats as they DID mo0G "F
nents and private houses much pIeieTyy 20 woss
Al the ONCE OF Morris y. Baer e Co 80 ~ ~ ,rn,
Thirty fOurth-st., Morris b. Br0nner 9n 49, bnsneSs
la There h nothing like the realeSld,c H.,
10 invest money in The public are hari.ls uSS
more and mOr, every day. We sIv s no oon,InHaIv
enason Demands for houses ana nius atv Inoa ~.
cor,in1 in do not think that prices VIII q,
ooiIi een az milo mt vOd may be sure they VIII nCs
bccon,e lower They about te sane d. neJ va
- To,r private houses In great deHIanu an9
IN q sairiv good prices. We also nave qute denahd
Sor at from small families ,,
Cnione Edward Fachner, general manager OF tne rai
ostota business OF Leonard Moody, 70 70 tOur'SSr
EroClyn said There Is no danger OF any Dry IOt TAN
m Mace IN the reaLestate business in Brooklyn
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