New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-16

WEALTHY MEN INVESTING IN REAL
ESTATE.

COMPARATIVELY LITTLE DONE IN THE AUCTION
ROOMS MORTGAGE AND coNvEYAN'Es
Real estate transactions In the auction rooms last
week call for no especial comment The market
remained unchanged nearly all the sales being
by order OF the court. and no interest was taken
in them except 10y the people In the suits rms can
hardly be called good season Tor sales OF re'I
estate at auction. In fact for the trading OF rear
es,,t. at nriyate transaction. In the last-named
business however there Is much activity ana 'iok-
ers in all parts NJ the city report good business
At present there Is a good deal Of buying both on
sncculaiion and for Investment. AMI brokers see
an active buying movement for months "hea''
no dcols ar. conspicuous In the real estate market
now and rumors for negotiation Tor important
properties are heard every day Inc commence
that men OF wealth have in New-York real estate
In preference to other investments Tor ther surplus
c,,i,al is shown constantly by the number u sales
made In In. interests Of wcknown capitalists.
Recently John \ Mccall president OF the New
York Life Insurance Company. placed N"'"" )" TWO
purchases OF real estate. ana DINER "'"-NH"""
men who have been more prominent 10 wall street
speculation than IN real estate ""'N Nv" "''
realty buyers
4, ,bia limo Of the year brokers as 4 rue 30 q
large business in renting properties III th" mere'n-
tile districts At tho Christmas season ~" large
stores neel additional room ana =" they nave u"
call upon the real estate agents FOR accommodations
m. decrease I'm this kind OF renting but this year
A ,orcbsr,. "sccnt" returning prosperity. ana
brokers rerort better demand Tor quarters stores
are now renting well all over the CITY although the
demand IL best In Broadway
u,ua,,e o,.-ratons are the increase Last
vcek the building Department received plans Tor
sixty new buildings at estimated cost OF w
"a, against ,hirty-one buildings at an estimated
cos, az I'll go In the corresponding "cek year
ago While the holidays Will Interfere To some
extent with real estate business. the market Us I'D
q good condition for an advance and the prospect
is excellent FOR improvement IN every hFhnch OF
the real estate business after January j.
AT PRIVATE SALE.
The following were the principal transactions
at private sale during tho week
Bennett 4 Gran haw sold to Ernest callman for
the binder John g. UnIerieli. 80 West seventy
ATHEIST a four-story brownstone house lot I-Al'G
price. $1,000 This H. the third house IN TINS 70"
that has been sold within ten day. The sane
brokers have sold . large aIartm"nt-ho"S" III
Amsterdam-aVe.. on privai" terms.
The eaIe is confirmed OF IA" Stuart hous" ana
And Sixiv-eighth-st to AMI J.. Tarbcr. Of the
Barber and Trinidad Asphalt companies, II wa wa,
asserted that $500" wa. the pfir. p"iL py nii,
Barber but he PeIerIed not To- tel M e C gn%n.
zeal Bank. one OF the executors oi MI "'"'' ~
estate said however. that IN" pr"nrN 500 ,or
nous. W.rD the brokers This mansion was hullt
hv Robert l.. Stuart about twelve years ago but
ne did live To inhab!t IL ior many t'h'r ~
wae known rs the most expensive city mansion IN
npper Fifth-a,c. During the last two or thrr"
year other beautiful hwenfn hIF' r D,'n "rtra
Fifh-ave exceeding II IN vai"' u no, rI ~
tiVcness This sale closes ont the iast l,ir'rI Oh
real estate ef in ihe hands Of MIR. STUART eNr'"-
Charles Kramer has sod to DR.. InoW Min IN, Inc
St. 2ixiz5x3i xii. with hv'-stor' h'''N pu'''-
M Euinnd = Whiting have ,old for the National
Starch Manufacturins COMPANY me PROPERTY
Al
njrc-storv warehouses; TO The Treadw"ll q Harris
talking COMPANY. Terms priyate Thu lreadwcll
4 Harris Baking Company VIII noN. INTO us new
quarters on o. about February !. 1872
GutwiIlig Hrotheis ana j. IIrsh have bought
haHenrn, brownsionr ,iwelI!nc 80 loi Ffth-sve..
adjoining the corner Of Eight'cnth-st. SIZE -toASV
for about $1,000 They viii erect a seven or eight
story business building, win rlcVa,oi' S''"i" neat
electrir lights and all improvements. ATTAIN,
he,ied dolpic ararimcnt- house Mgi xso>Io 10
liz west one-''ondrcI-ar ard thirds. for Jacob
Iookman 20 Robert w ransiN, jr llf Sl,'J' "l
which &32ooD remains on mortgage. The property
'eI;'S ~ TO- Ludlow s. CO. have sold for the College
Of Phermacy Of n y q 'l r !ns G2Se
buing and plot 2Ss e o - r The
latter will at erect upon me site siX-story
steel construction. hr"proof bushes, b"iidnS, 10
win be- furnished az i stora With plate-gass front.
and the upper floors VIII be subject to DIVISION TO
Frank a. seiiz Ias purehased the sCg ut cG
corner Of SPRING and Wooster SITS, o'Xi"' VIZ "I
owners and will erect IA new seven-story business
oI HenrS Oppcnhcimer has sold to Dr. W. T. plcr
the three lots. 75xoD. the east side Of West hnd,
feet nSrh Of S%ven Sud on tS H " lots
either two hgh-c.ass residences 10 ana - Ieot
Two OF ega G Td nan S fS oT hop Snang Of
four fivc-story and basement brick hai houses AZ
The southwest corner Of Amsterdan-aVe. ana
FghtIcth-st, to cost $S)w"
coNvEYANCEs AND MORTGAGES.
th. ~