Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-05
POINTS In REALTY.
The Singer Property at Williamsburg
Changes Hands Finally.
DETAILS OF THE TRANSACTION.
General Features of the Market Showing
Confidence of Investors
THE TREND OF MONEY AND SPECULATION

The largest transaction in real estate eve
made in the Williamsburg district wa
brought to conclusion yesterday. Fo
months the Singer property has been an OBJ
ject of interest to investors and subdivide rs
and a number of offers for it have beer
made, but none of them were up to th'
mark. Believing there was money in thu
J property, if judiciously handled, . shor
time ago q syndicate was formed for it
purchase, headed by former public schoo
principal, and an offer of S135,OOO made
This was accepted and yesterday they &C
| quired full possession.
The property is among the finest in the
county. 1t consists of about 80 acres, with
which takes in a large stretch of highly
improved territory, beautiful valleys and
gentle slopes. While the object of the
purchasers has not been divulged, it is
understood they will subdivide it into large
lots for high-class rural homes. The price,
q, 500 an acre, is considered reasonable in
view of the superior character of the
property and the high state of improve
characteristics of the Market.
Real estate is of perennial interest AL
most every tenant hopes to become a pro-
prietor, and watches the market with alb
sorbing interest. The situation is one of
real strength. While there is an absence
of speculative activity there is no lack of
sales if owners would modify their views
and oct hn ho1f Put 10 a
good side to high prices. They show con-
idence in the future of the city.
1t is fortunate for home-seekers that
there is large visible supply of residence
property to keep prices within reach of
modest purses. Fancy prices are asked in
many cases for choice building sites. A
rich man fixes upon particular spot where
he wants to establish his home, and is will
ing to pay roundly for it, even if it is sur
rounded on every side by property quite as
desirable and much cheaper
Unless indications be misleading, the
market will improve as the season pro-
crosses. Good weather and dry roads are
favorable to activity. Brokers are hopeful
owners are firm. Their ideas of values are
as exalted as they were six months or a
year ago. There is no sign of weakness in
any part of the line.
Aeeicrday'S
Yesterday was another good day in the
building line. Thirteen permits were is
sued for 16 improvements, aggregating S70,-
625. Those of special value are: James
Lewis & Co., iron and stone factory, Fifty
seventh street, Eighteenth ward, $4,000:
Miriam Hays, four brick dwellings on
Broad street, Nineteenth ward, S13, 500;
Joseph P. Reed, brick dwelling on Penn
avenue, Twentv-first ward, S12, 900; David
Kirk, brick dwelling on Darragh street,
Fourteenth ward, $1,000; same, brick dwell
ing, SAME street and ward, $1,000; Miss
Ruby Bruce, brick addition to dwelling on
Second street, First ward, s., 800.
Special Features of Trade.
The vote OF Williamsburg in favor of issu-
ing bonds for $4,000 for sewer purposes
raises the borough Indebtedness to 500, 600.
There is a movement on foot to make
Eighth street full width from Liberty to
Penn. With the Harper building in ruins,
this is an auspiciou5 time for the Improve
ment. Certainly better communica be-
tween these streets is needed. The move
ment is sanctioned BY large number OF
business men.
large number of buildings on Penn ave-
nue are being overhauled and frightened
up. In almost every square n new front is
w. F. Eichenlaub is building three-story
brick warehouse on Butler street, near
Thirty-ffth, adjoining his present place of
business.
Bernard Gloeckner is e1cavating tor six
story warehouse on Penn avenue, near
Eleventh street.
Thomas street, Fahnestock place. Home
wood, is being widened to 100 feet and
graded.
Yesterday afternoon the street was talking
As for Manchester Traction. Buyers are be-
lieved to be insiders.
Additional Points in Realty.
The residence property of Conrad Van
Buren,, in the borough of Millvale, consist
ing of large frame house and about nine
acres of ground. has been transferred to C.
F. Klopfer for s24000.
James w. Drape & Co. yesterday sold at
Orphans Court sale eight small brick houses
ceased, situated on Forty-seventh street,
near Hatfield, Seventeenth ward, for SIG 800,
subject to this years taxes.
J: H. Coleman s Co. sold for Anthony
Seibel a lot 22N10O on Omega street, with
house of six rooms thereon, for 81, 900.
Black & Baird sold to William F. Aull
Esq, lots Nos. 16 and II in the Lloyd estate
plan, on BelleEeld avenue. 100 feet front by
about ITO in depth, for $6,0O0
John X. Ewing & Co. sold to Joshua
Kitchen n lot "A feet front on Ellis avenue,
and extending through 1A feet to Shelton
avenue. in the Mayfield subdivision, Tenth
ward. Allegheny, for S62n.
Baxter, Thompson & Co. sold lot 4S2, Bank
Of Commerce addition extended plan, Brush
ton. fronting 10 feet on Blackadore avenue
by 255 feet TO Il 2o-foot alley, to James Hem
en9er for $500
Peter Shields sold lot No 2es, 25xlS2 feet, to
1 20 foot alley, located on Stanley street. in
the Schenley Park Land Company's plan, |
ward, for $3.50; also lot No 232,
.5xl24 cet. TO 20 foot alley, same street and |
plan, for $50.
&. B. Hart sold for A. E. Dravo a lot on the
corner of Broadway and Fourth avenue,
I00xl50; also lot No ll6 in McCabe plan,
to prominent business man OF
Pittsburg.
B. J. Williams sold to Huhbs Weimer two |
OTIS on Southern avenue. Mt. Washington, |
'or $40 cash. The purchaser will build two |
houses at once.
A. 2. Byers & Co. sold for William A Black, |
Esq.,. to H. NJ. Hartzell lot l64, in his plan, |
Tenth ward, Allegheny, on line of Perrys- |
Vile avenue electric road. fronting % feet |
On East End avenue and extending through |
no feet. Consideration $l25 on monthly |
payments.
". T. Hamnett & Co., of Williamsburg, sold |
lot l50xll corner of Jeanette and Lamar |
streets, Williamsburg. for 81, $50.
THE MONETARY TREND.