New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-14

SPECULATION IN PROPERTY IN THAT STREET
A FEATURE OF TIE MARKET.
HENRY 0. HAvEMEYEE'S PURCHASE OF THE
LORILLARD HOUSE PURELY BUSINESS

| iiLNhi w. NAV IsMfs1 i''N'''''' - '''''
LoEILLARD HOUSE PURELY BUSINESS
vENTUHE-ACrfvITY YESTERDAY.
Henry O. IIavemeyer. who last week bought
the Lorillard house at Fifth-ave. ana fhTty-sN'h-
St. has negotiations pending for a resale oil the
property at a good profit. 1t was erroneousiy
stated last week that Mr. Havemeyer had pur-
chased the house with the Intention Oh ocouP!'"s
IL himself Mr. Havemeyer has ne" mousse iur,ne'
I'D Fifth-avc which he recently butt, ana which
he will occupy He bought the LoFiiiaro hou"e
merely a speculation. Speculation III rhl"a'e
property IL Of the leading FEATURES Vi
the real estate market. and it is safe to say that
in the next six months there VIII De many ia'se
transactions reported. The purchase OF the Lor"-
lard house by Mr.. Iavemeycr is the sccohd ia'S'
deal he has made this fall ana IL Is e'iucn' io'n
his purchases and from those maze ny o''e' nv"
men that people of wealth are investing the'
surplus money in real estate.
Yesterday the real estate auction market war
active The total amount OF business zone
amounted to N53S 800 which is a large increase over
the same day last week An assignees SAFE Oh the
real estate belonging to W. H. and D. ). Mc' a"rey'
Of the Standard Iron Works at OBSERVATION-DISCLOSURES
thirty-eighth-st. and Rider-ave., atrac'eh con-
siderable attention The property when was SON
by James l.. Wells at the New-York Real Estate
sa,esroom is situated IN Wils-ave. and one hun
dred-and-twenty -seventh-st Ernest Hammer bought
the five-story brick building at No. ~ NlHS-aVc'
for $3.50 A similar parcel ut No. 70 NIli's-a'e'
was sold to John L. Becker for slS2'o Inc hNe-
story brick fats at Nos. 66S and go East one
hundred and thirty -scvcnth-s were sold TO Nicho-
Las Coter for $500
At private sale John G. Barth sold to Abraham
Block the nve-sory fiat at No. 2ijS Elghth-avc for
$1,000 Solomon q Schulze have sold Tor oharles
g. Marn M9s houses S , for $3.50 Also for Henry
Mcinkcn Nos 81 to II Clifton Place. Brooklyn SIX
The nEildinr Department received last week
plans calling for the construction OF thify -hEe NV
buildings at a total cost of Ai5.vl 1eSteruaS hp-
bmildn~. . ,be total cost OF which will be s23Jo.
The Will ali be small buildings. and most OF them
are in the Annexed District L., .,
Tho sales In this city announced Tor to-day are
az follows.
At the Real Estate Exchange in Iberty-st;
Madi.ou..'.. No. 100. and rike~t. two two o
brick bun in-' about 40 t drp ., E If th etc Of
the late Alrrrd Schcrcnhcek. ty Richard " iarne't
The following are to be disposed OF at No. III
Broadway:
mnry.. no os5 at scanmci st.. twc-,,ory and attic
brick store and dwelling IA mont ami hi'c''''' tIfN
building IN rear, lot 2jIN6'..N.1N0 james h. "'h''
"'t ocntr,i Park Wet. 40 800 mar vi Eighty
foufth->t. four-siory brick u"rlnH l"t -o''7' - '"
McQuiilcn. auconr"r
The following will be sold under foreclosure by
Peter L. Meyer:
shc,ln>, 80 90 near D.laneey,.t.. .l>-s'ory bilcS
buaIns. win reh 70 alIcywoy Gi a',go, rr,,,,,c
tuo'.t,fy ,rcR Stable i'e-.d e,i 1901. and s,Sioc3
Wet >i,.y-hr~t.st.. No: 2si near Am''"ia'm'N''
s,rond.asc No. 2i7I mar oiohnndrc Lard, .c,cn'h
81. foul story brick tccncmt ani tore. n' j. T. nHa
room 80 III l:ro.isly Peter ;. M"'cr WI -'ll ~"
cne!nc houses In Liberty aad irrqr1 - ~" nc
oncrs % the Titir In-uranrc coiuony ani the
New.York Life insuOn,c Compiny respectively