New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-07-29
MANY SALES REPORTED.
REAL ESTATE SHOWS IMPROVEMENT
AT PRIVATE TRANSACTIONS
THE CONSTITUTIONAL CONVENTION AND PRO

POSED REFORM IN REALTY TRANSFERS.
The week In the real-estate auction market
devoid OF any unusual activity. Summer activity
in real estate is limited. 1t hardly be called
activity. yet there is enough doing make It
possible 10 ;hs word in speaking OF the market
II should however. be spoken in a hushed voice:
for II real-estate men informed that there is
some life in the auction market they are likely
become sceptical and times they get awe-stricken
II any one ventures the remark that there is trad
Ing going on. In the week just ended there
certain days good reason be doubtful II remarks
were made about an active market. for on these
occasions there seemed 10 be absolutely no business
OF any sort On days there a fair amount
of business done but the general condition OF the
auction market showed little change from the pre-
cedinG week. Despite the apathy in the real-estate
auction trading at present the brokers are making
private sales a good-sized sca.e and there seems
to be market for business and residence property
Inquiries continue 10 increase for houses for the
year beginning october l. and from present indca-
tons the fall season promises 10 be unusually active
The present condition o. the rea-estate market as
far private trading concerned Is excellent, and
In view OF the poor trading IN all other forms OF
property Il may rather singular 10 those I'M
acquainted with property conditions here. Good
real estate, unlike any other form Of investment
almost always finds market even In the most
unsettled conditions in general business The popu-
iatlcn OF great city ike New-York IS constantly
increasing The arrivals mus: find places 10
1--we In. new places OF business continually
sprnging up. and spectators venture their saw
ings IN realty no matter "he'her Inc tunes are
hard or easy consequently mere IS an rreS'S"oe
,u.r, ,,-,, -. ,,,,,, ,,,,vrr
'''' . i-'
Ihere is always some lie IN the house-aha- 'o' mar
ket. ana at the private safes last week theFe was
So much accomplished that brokers were not on.y
surprised but astonshed
Dealers in Investment securities have their season
OF undue activity always followed by the l'ev'.aoe
rhn,, hava ,,nas n,nn roo, do,s c.n h. so,d At
a premium If offered in a well-woried prospectus.
But Imitation and undue stimulation brought ABOUT
sn3ts Wnnrthicss securities are thrown on the
market. the value OF really good securities is often
sCaied Gown ana me marie remains au T Io ios
Ev 20 NOT ..toor,nd bv wellevritien nrospecf,iscs
II is fortunate that the brass-b band method used to
force country reaI'y IS not IN vogue mere IL prop
erty IS IN gooa cohMncn es,,inate sanersrns ~,,i
the Chinese lantern methods employed by mine
boomers land boomers and seconh-rate promoters
OF all kinds Of schemes gives New-York real estate
Increasing strength, despite the weak condition Of
II is to be hoped tina, the Constitutional Conven-
ton Will consider favorab!y the proposed amend
laws relating to the transfer OF real estate from
m recently in the convention and IL impressed Inc
members as being one Of extreme Importance and
committee appointed 70 make a report on the sub
ject decided that BENEFITS OF no ordinary would
result "a me reople nv the adoption OF tudicous
methods Of lessenng the expense OF the transfer u
land and by the establishment OF system of re-.
which should be uniform Throughout; the state.
'N - - 80
In The auction narke. sso,o represents the total
amount Of the sales last week month ago NE
sae' an S'1 10Y e h.sop ,ba ava
in the corresponding week last year W"cS ,5 Ego
the auction sales amounted to ~. - sghs' 49,
$50 IN he preceding week ana "az1' III '''s Week
sALPs OF THE WEEK
There has been considerable activity in the neigh
borhood Of West Forty-second-st recently owing
~ soub, to the proposed North River Bridge i'm
provements Property is increasing IN value IN
una. par. o, ."Y e, onaranrs - huv real estate
par oi "'a"s '1Is 80 ,a,,os, ,,ans.c,,o,s
a, private sale in the last few months was reported
in tha, locality
The property reported sod includes mar part OF
tho Hotel Metropole which is owned by The estate
fee south Of Forty-second-st The plo, ls So feet
in Broadway l2'7 ieet on The south Side 'S f"rt IL
tains about sON square feet. Sras also reported
that the Forty second-s, front haN been Included IN
Of Charles A. coz which ms pTopertyi en-, EN-,
| phatcaly denies this report. However,; he sait mar
The Ross property had been offered to the Coo estate
FOR sale at sao,0N but the estate you'd MOI buy
ported purchaser Of the Ross estate holdings is - sa
10 BE- the Astor estate ana ms Is 'nouEn !"
|
| and the northeast corners Of broadway and Forty
second-st and also owns the blocks fronting on the
| west side OF Broadway between Forty-thiId and
FORTHWITH The price paid Is said TO be 3'"Ovp
which conservative brokers consider Is its fair mar
| ket value. ,,- r, ,,,,-, -,
Julius friend mas sod 9l I'm, tu'o
four-story brick buildings. plots 50xs, for 5000 for
! Improvement. -.
| pohe-t Anpleton IT. has sold 10 Albert IL. Nc
Mmrrav 10 2ss South-st. four-story brick ware
house plot S4x64. for $4,000 The buyer Is c9nn-
| dian, who has made several INVESTMENTS !" W."
| Frank Raub has sold the building on lot 226Heo
feet at the southeast corner OF Liberty ana west
| SITS for $50 90. . ,,, . . n
Frederick Ztte has sold Tor NJ flsher 10 ~ i
Mende the thrce-story pIY"i9' . e,c rc ,ni Ter
| Charles Enders 10 S. VI. Odel the four-sory Drown