New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-11
REAL ESTATE FAIRLY ACIlN r
OUTSIDERS LOOKING FOR PROPERTY
HERE.
SALES OF THE WEEK PLANS FOR
NEW BUILDINGS - CONNEfAN'hS
AND MORTGAGES.

AND MORTGAGES.
There was little change in the real estate "a'"''
last week The sales of property AT pup"c ""c'lo"
showed an increase over the previous WEEK. anu
decrease from the same week year ago Inc
total sales for the week amounted to S1'Sit, de-
crease OF $685. go from the same period III 1870 Nost
OF the sales were under foreclosure ana the prices
obtained showed a slight advance in propertyvaiues
at auction sale The furry OF sales several weeks
ago gave promise Of n greater acuNlN III 'e"' CO
tate than took place. 1t now looks as 'noush ''e
expected spring activity will not be so great. and
that the increase In business VIII be zone at pr
vate sale rather than In the auction markets.
Real estate despite all the adverse conditions or the
present time is the form OF investment proper
IT, and close observer OF tae market VIII see 'ha'
much Idle capital Is steadily flowing into tiiS iori
Of investment. An encouraging feature OF the New
York real estate market at present Is the tendency
of outsiders to invest in New-York property. cap
ta has been coming IN from all parts or the coun-
try TO this centre for In real estate. and
even capitalists from other large and growing cities
have recently cast longing eyes on realty here.
There have been all kinds OF reports In real es-
tate circles concerning syndicates Of outsiders who
will make big investments In this market
RUMoRs ABOUT 4 CHICAGO sYNDIcATE
The principal topic of gossip OF the week was that
a Chicago syndicate would buy a large plot IN
Broadway. and that 1t would build a twenty-siory
office building on IT, Negotiations under way for
this deal but II Is understood that the consent TO
sell by OF the property-owners could not be
obtained and the transaction fell through. There
was also a report that Chicago syndicate would
buy the lot on the south side of Wa-st.. between
Newest. and Broadway. but this proved TO he I'M
true The broker for this property said. however
last week that the plot was for sale. and that
plans had already been considered for a large Of
fee building 10 be erected thereon.
The failure IN the last week Of two prominent
West Side builders caused some surprise in real
estate circles Throughout the financial depression
there have been NJ important failures among men
dealing in any kind OF real estate. and AT this late
period 1t thought that every one had success-
fully wcathered the storm. The two failures were
due to the carrying OF operations which re-
quired large of funds all through the hard
times and the inability 20 get loans on buildings
at present MT readily marketable
TRANSACTIONS AT PRIVATE SALE.
The sales of property at private transaction were
fewer ,han in the previous week They aggregated
81 $50. 60 as compared with siGoO0O for the week
before The principal sale Of the week was the plot
at Church and Cedar sts TO the Fidelity and cas-
ualty Company. for $1,000. These figures are con;
sdered fictitious. the property Is not well located
and IS unsnii~i FOR an once building IN thT 2ptnon
Side houses and observation-disclosures, when brought
Isuilding operations are looking up. There was
tate last week and thcre is every prospect FOR an
the number OF plans for new buildings.
PLANS FOR AN APARTMENT HOUSE.
Plans have been made for n sx-story apartment
house at the northwest corner OF Sxty-nrst-st. and
Central Park West at cost OF $4,000. The
American Tract Society has not yet decided on IN.
plans for iis building a. Nassau and Spruce
The point being discussed Is whether 20 make
the building eighteen or twenty stories. Louis
kOrn has plans IN preparation for a t"n-siory
Office building at NOs. ga and GO Hroadway to
cost S3'ppp. The work ~ tearing down the build
ings at Broadway and Pine SITS, whore the Am"ri !
can Surety COmpany's building VIII b. built
Will begin May J. The cost II the new building
will ie between $500 90 and Sl.Oo0.ro.
IL reported last week thJt tho syndicate
which owns the property IN broadway and Green
wich-st adjoining the Washington Building oI-
posite Bowling Green has prepared plans for Il
sxteen-story office building. II IS said that Post /
master Dayton Is a member OF the syndicate AMI |
that operations the proposed building VIII begin
In May.
John II. Starn has filed plans for freight |
shed at Cortlandt-st and the North River 10 cost
$1,000
The following table taken from The Record |
and Guide" shows the conveyances, mortgages and |
projected buildings for last week and for the same
We "A