New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-17

PROMISE OF ACTIVITY IN THE REAL ESTATE
MARKET
MANY HOUSES TO BE HAD AT LOW PRICES

MANY HOUSES TO BE HAD AT LOW PRICES
PROPERTY WEST OF CENTRAL PARK.
Many indications pointing to an easier money
market give good grounds for the belief that there
will be great increase in the activity Of the real
estate market after the holidays The strin-
gency In the money market has caused holders Of
property both In this city and in Brooklyn TO put
number Of parcels of property the bargain
counter table" This Is especially true Of the build
ers who have been putting up houses "a little
ahead Of the times" Being compelled to borrow
largely In order to complete their buildings. the
builders have found great difficulty in securing
loans with which carry their enterprises and
consequently they hard pushed for ready money.
and are in position to offer excellent bargains to
Investors
The greatest activity in the building trade has
been shown in that part west OF Central Park, be-
tween Fifty ninth and One hundredand-tenth SITS,
which is rapidly becoming of the most desir-
able residence parts of the city. A large number
of houses in this part Of the city be Sc
cured at decided bargains.
WHAT A wELLKNOwN BUILDER SAYS.
! One well-known builder said to Tribune reporter
yesterday. IF people with money don't buy now
they simply don't know good thing when they
see It. A number Of builders whom know person
ally have put up a number Of rows of houses. COM
prising anywhere from six to fifteen dwellings, and
they have disposed of a number ~ their houses at
a tolerably good profit, but the remaining houses
are hanging fire. In the mean time the interest
the money is piling up the contractors. masons.
plumbers, etc, clamoring for their money, so
that hard cash is particularly desirable Having
manning houses OF the rows they have built 20 at
q figure which will merely cover expenses. Prop
erty in this part OF the city is in transient con,
dition, while all the indications point to rapid
sSeud the Rapid transit
We On 0F hs s ed
stantal jump. To take these houses, that are now
re- Sny 'Se
put his money in place where 1t will not only
y soG n he neN 1us Is the
time 70 buy houses OF this class in this part OF
THE PROPOSED BRIDGE TO LONG ISLAND CITY.
The proposed erection Of bridge for the Long
Island Railroad, from First-ave. and Sixty-fourth-
st. to Long Island City. is a subject which inter-
ests a number of real estate men on the East Side.
II such a bridge Is built there seems to be no
question that II will have decided and lasting st
borhood Of the New-York terminus OF the bridge.
Be felt ei IN all the property hs
north and south for many a Ise 6Tnss s
and is a step the Importance Of which may not be
fully realized at present. The advance Of property
since that structure completed has been enor-
nous That there will be a great advance In values
at the terminal OF the proposed Long lsiaho ran
road Bridge Is certain.
A GREAT BENEFIT TO PROPERTY.
On the other hand, 1t will also prove great
stimulus to property on Long Island reached by
the Long Island Railroad and its various branches
The great population Of Manhattan Island has
driven thousands Of business men into Brooklyn.
New-Jersey and neighborng towns. The majority
Of these men have tastes that lead them to desire
country homes. and If they can have rapu s
Convenient transit between the business centres
Of NewYork City and outlying country dis,sc oi
the metropolis The proposed bridge VIII bring E1ns
island towns. such as Roslyn oyster Say ,S E,
Cove Garden City and towns from twenty 10 UNI "
miles from New-York City within as convenlen'
reach in point Of time and transfers as Inc Pfop
haitian Island. At present TO reach the Sity Ha IA,
from One hundred requires h wv,
and twenty minutes in time. With the same me-, mum 4,
Der OF changes In cars business man mSsns ~.
bridge Is completed. In forty minutes