New-York tribune., 1894-04-22
MORE SALES IN REALTY.
THE MARKET SHOWS AN INCREASE IN
TRANSACTIONS.

IMPORTANT AUCTIONS OF THE WEEK.
There was a fair amount OF business done last
week in the real-estate market. The sales at the
auction rooms showed large increase over those of
the previous week. and at private transaction there
were several large sales made. In comparison with
the same period year ago, the volume OF business
was small but 1t was of a good character in most
instances and the prices received were In many
cases in keeping with values. The total number OF
sales in the auction-rooms for the week amounted
to S1H, $751; against $5440O6 in the preceding week
and against s2093,250 year ago. At private sale
the amount OF money involved aggregated Ss6l $50.
against s511325O in the previous week and against
s1sS05S in the week before that The principal sales
at nriyate transaction in the first three months OF
this year where 10000 has been involved
amounted to ss.41sOe0. This is considered good
showing when the conditions Of the times are taken
into consideration
In the last eight months. despite all the adverse
circumstances of period of financial depression the
dealing in real estate at private sales has been
active and large. in upper Broadway especially
there has been a big movement, and hardly week
goes by that some large property does not change
hands There has been good deal of money made
in real estate in Broadway this year, and people
who bought two years ago for speculation have re-
Gently realized handsome profits in selling. An in
stance OF the increased valuation In upper Broadway
property the sale several weeks ago OF block
above Thirty y-sixth-st, which in 1892 was bought
uptown movement OF business houses continues, ana
alterations are constantly being made of Fifh-ave
property for business purposes.
IN THE UPPER PART OF THE CITY
Real estate investments in the upper part Of the
city, and especially in that part Of the city above
One-hundred-an nd TWEEN ty-ffth-s, are not increas-
ing as rapidly as brokers would Ike 10 see One
reason Is that owners hold their property al values
which are far too high, but another reason. and
one OF the greatest that is hindering Improvement
in the upper wards of the city is the lack Of proper
rapid trans!. facilities. People who would like 10
make investments holding off until there shall
be some promise of good rapid transit route. and
others have gone to other places TO invest their
savings When this city gets system OF rapid
transit real estate will be improved In all It's de-
partments.
The spring season in the real estate market will
come to an end this week. There IS hardly broker
In the city who will say that 1t has been success
ful one for they all have felt falling off in their
business this year from what has usually been
done in previous years. While they have come to
the conclusion that business has not been so BRISK
they know that they far better off than men In
other forms of trade and what business they have
lost they blame principally 10 property-owners
and landlords who have refused TO make reductions
or concessions in the price Of their property or IN
rents. The renting season has been rather dis
couragng on this account. and brokers VIII carry
over to the fall books filed with desirable proper
ties to let. Perhaps by that time experience VIII
have taught owners a lesson and rents may ac-
cordingy be reduced. While what is always sup
posed to be the active season IN real estate comes
TO a close this week there are indications OF active
trading before the season OF summer quiet sets IN
TRANSACTIONS OF THD WEEK
An important sale was closed Thursday. 1t In
volved an outlay OF nearly 100000 The property
is on the west side OF Thirty-fourth-st. ls7 feet
west of Broadway. running through to Thirtythrd-
st. The plot 100 feet in Thirtyfourth-s,. and
125 in Thirty third-s 1t includes the Fourth Pres
byteran Church. which has been reported sold a
number of times On the Thrty-third-st front are
bers are Nos lls TO l2S West Thirty fourthst.. and
Nos ll3 to l2l West Thirythrd-st.
on this site will be erected 1t is said an eighteen
story building. TO contain theatre for Neil
Burgess, stores offices studios ana pacneior apari
ments When completed the building win ground
to Charles T Barney the plo; OF ground from
Observation-Disclosures third-st. TO One-hundred-
Boulevard comprising about 200. lots, for about
from Ottinger Brothers and l. 5. NJ 5. korn
for term of ten years the six upper floors OF the
OF Fiftheave. and Thirteenth-st The total rent Is
One Of the important sales at the Trinity Sales
room in the week was by p F. Meyer. who offered
snd sndeT Ber s 'ne lot % sRc Tbs plot
about $50 square feet; The bidding ran from $50 100
pany. which occupies the adjoining property, was
the buyer. This price amounts 10 about NH a
square foot.
r. " Harnett e. Co. sold at the Trinity Sales
room. under partition Nos SOs and 3llia Grand-st.
and Nos 60 10 70 Allen-st. The plot. 64xlD. Is
covered by three-sory buildings. and Is leased TO
Ridley Sons, drygoods merchants. until 1902. at a
net rental Of $4,000 year Ridley Sons were the
buyers for $4,000. go, -
John Casey has filed plans with the Buildings De
partment for the erection OF ten nve-story brck
naihouses Ninety-eighth-st, south side. 80 feet
east of Amsterdam-ave costing $25O,VJ:
The Horgsn & sattery Company No. g Park
Row have fied plans for the erection OF eight nve
story brick dwellings In Seventy-rrSt-str north
side 272 feet west Of West End-ave. costing yS6ooo
also Bryan l.. Kennedy. No. "a Wali.st. VIII erect
a peyen-story brick warehouse In Seventysix
o.. south side. 100 feet from Riverside Drive costing
fhe Nev-York Life insurance Company filed at
me Buildings Department In the last week plans