New-York tribune., 1893-12-31
THE YEAR IN REAL ESTATE.
NOTEWORTHY TRANSACTIONS THAT HAVE
BEEN MADE.
LINES or WHICH TRADE HAS DEvErorED-Tn
MARKET At PRESENT pEPREssED-A


BRIGHTER OUTLOOK FOR SPRING.
~. r.s, es,ate market II depressed. 1t is In
a.,rssscd and inactive condition because o"hers
refuse to scale down their prices. h'a"'oA""" :.
Going on. but the trading that shows heann'u'
,ra rket seems almost entirely absent IL IL inter-
e.,inr 10 obs I've that building operations are IN
creasnx. but In the main they are coh"hea "
bie corporations and small operations are not
vsibly improved. A..
In the laat year there has been . better tone 70
the real estate market than In any other depart
n ent OF trade II has been year characterize" W
periods Of activity and dune.s ond while the hhan
ciai depression has had . marked enect ~'oh H.
Il has not as In many other trndes. left serious
injury At one time In the year there aPpea'eo
rigna Of a panic. when rumors were heard OF ca".
ing mortgage ioans but fortunately this was a'e''eo
rate Of interest
SAILS IN FIETiI-AvE.
A numbrr Of good transactions were brought 10
close In she hast year. In Fifth-ave uan"k va"
particularly brisk. AMI in large downtown proper
tie~ there was unusually large amount Oh o"s'.
ness transacted In Flfth-ave. the tendehcy see"~'
to be toward speculation. and the saieS OF the '"o
cornars at Eighty -second-st. TO Au9'"t pe"''
and Henry O. Havemeyer for t275.oo and <S0."" re-
spectivciy are noteworthy examples The larKe"t
parcel sold I'm this thOroughfare wns the 81 Luxe
Hospital slte. which u said to have brought w.
10000 The name Of the purchaser OF thi" property
has not YET been made known. and there II con-
siderable speculation - to the character OF the
Improvement that will he made upon IT, some OF
the other important sales ~ Ffth-ave property IN
the year werc the following: The house At Th'r'y-
Ixth.st by Pierre I>Driliard. for SS0To the Hell
mon, property at Eight-cnth-st.. for ths.Wo. and
the Hotel tSr change" hands such q. The
southeast corner OF Pine-st and broadway tou over
S+TUu, and the curn~r of Uouston-st AMI broed-
way 10 the Metropolitan Traction company TOT
In the pubic auction market in 1880 the aal.s
Amounted TO SaS UU.OO The coming year VIII un:
douhtedly h~ q brighter one In r~al estate. and
along toward che spring II N expect~i that ra'
estate sales will boom.
OoMPARisON or BCSINEss.
nv q comparison Of the tables Allowing the mum.
he, OF deeds nlcd at the once OF tho register. to-
xc,her with the amounts involved. an idea OF 'he
volume OF busines< accomplished can bs obtained
They Also illustrate 70 what extent transact'ons
have fallen Oh In the last six monthA From Janu'
arv 10 Juno OF this year 60l conveyances were
made amounting to 1isO yDs IS: In Iva the ngur~s
wer. AC,o. involving SIZE. .f7.sis From July TO Do
cember not including the transactions OF tho prs
ent week. only A9Sc conveyances wers made.
amounting to "a OF os: in isyc for similar prr'od
the figures were 6.cs+ conv~yances. amounting 10
sss az ~ The ngmres for both mortgages ana
S,;,dIns bians show q proportonate decrease.
several 1Oni sales are announced 10 TAKE place
NJ the auction rooms on Iu""isy W~"ne~Ihy.
Thurrisy and Friday Of this w"ck The following
,.h. shows the number Of convey anc~s. mortgages
and proiected buildngx for last week and for the
name week In lS2: