New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-27
TRADING IN REAL ESTATE
SALE OF THE HUYLAR PROPERTY THE
FEATURE OF THE WEEK.
OTHER TRANSACTIONS UNIMPoRTANT-AcTIvITY
IN SUBURBAN LOTS INCREAsING-BUILD-

orHEa TRANSACTIONS UNIMPoRTANT-ACTIv1T
IN SUBURBAN LOTS INCREAsING-BUILD-
ING OPERATIONS LOOKING UP.
Outside Of the sale Of the Huylar estate at auc-
tim and a few deals at private transaction there
vas no feature in the real estate market worthy OF
s,sc,aI Comment last week. The offering Of the
E1ylar estate at the Real Estate Exchange on
Wednesday was encouraging sign OF the revived
faith Of the auctoneer in the buying public and.
although the sale Of the property was accomplished
under It's normal market value, the price greatly
exceeded the expectations Of the holders. 1t was
offered without any reserve or restrictions ana this
fact alone made II popular among those who visit
the real estate auction-rooms. because an onerins
OF property nowadays without reserve or protection
seldom made. Had there been more investors
q! fewer SPECTATORS in the market, the properly
T.Ll doubtless have brought far better price
0Aer trading IN the aucton-rooms was OF little
.-oortapce and in most cases property sold at
hT prices. There seems TO be good reason TO be-
isve that brokers will have little 10 do in the auc-
ton market for. some time 10 come. unless there
should be a decided change in the stand which many
owners have taken against disposng OF their hold
hgs at prices below what is considered normal
market rates
From present indications. It Is likely that prices
n the auction market Will remain unchanged for
the summer at least. and that the volume Of bust
nsss in the real estate exchanges will be small
Until the fall
There has been considerable activity in the sale
Of suburban properties. and this week there will
ts number Of good offerings al various points
within a radius OF fifteen miles Of this city. There
are many excellent opportunities for country home
seekers to get wha. they want, and the probability
that this movement will be greater this year
than ever before on account Of the high rents in
ncid he
question Of reducing rents for the renting year be-
ginning in October. and brokers should use their
Influence in bringing about a much-needed reform
II this department; ot real estate. In order 10 keep
go'i paying tenants in the city. there must be
Change by owners In their exaggerated ideas OF
rents
There was a good demand in the week for first
tAss residence property, and brokers did COCA
esal OF business in this line. There were several ru
noFs o. big deas as9riyate sale. but none OF them
cane to lgh'. and the transactions as rule. were
aoi large. Building operations continued active and
lie number Of pans fled for projected buildings
Slowed an increase In the amount of money in
vowed over the same period last year.
TRANSACTIONS OF THE WEEK.
A, auction sale last week the transactions
amounted $3.50 30S against Si65.Sl6 in the previous
week and Ss3)o50 in the corresponding week in
!& At private sale the aggregate amount was
ssNE0 agains, $2Gs935O the week before. and
@SMoS In the week before that. The following
were The principal sales Of the week:
'hs sac Of property belonging 70 the Huylar
"A'e oy George K. Read. one OF the big auction
aes Of the week amounted 10 $3Ss19l. The house
. NO si3 Flfth-ave brought the best price selling
- NSWO. In 1851 IL bought for NGOo
'ae corner Of Elghth-ave. and One-hundred-
saaaneteenth-st brought $1,000, and the ad-
"~ns three lots SO $50 each, from Morris STEM
.aio- Lots IN Eighth-ave brought from $500 TO
s4" The front % One-hundred and tweniieth-st'
sought &l.gO from r. Hrsch. and the adjoining
- running from one avenue to the other brought
49, ~" from Morris stenhardt. Short .ots In ST
.''aoas-aye brought from 8 200 10 1920 The cor
~ {" Amsicr1am-ave. ana one hundred and first
sor ss,Vsgnt $l1t0 and the adjoining lot T6oO from
o. brothers. The Interior lots brought $IVU edch
p,s1s,S H. FurOotter and David Christie Lots IN
.gtcl-ave. $50 20 $3.50; in Mapes-aye., from 500
~ IN Sheridan-ave from 500 to 500, and In
Tsss0nmI-ave., from $3.50 10 $500 ,,.-
p,ass.h egeman estate mas sod six lots, extending
ty.sssth rom West Fiity-siXth TO West fity-
Wh-si, near Eighth-ave.. for Sl4O0oO:
tgns W. !. BAR Of B.alrstown, \. j.. has bought
y ~ r .lde Of East sixty-hrst-st. between Madison
ls"h ayes: on private terms. .,.oooo che
h. q NJ 5 KOIn nave sod for $1,000 Inc
kE0sy apartmen,-hoUse, 72x90xlW. No. 49, 10
s4St Forteth-st
n,hs Levy SIX taree-story dwellings on -FOUR JOS
q s north side Of Cne-hundred- and-tw enty-h1th-
VI 4hlfl-dFe. Tor <SD,VvD.
sr,,-. uDofson has sold 10 John s. Huyler Tor the
t.i go, Of n =. Rogers six dwellings. stables etc.
tie tso99ut six hundred acres Of land fronting on
o. nWsas2n River. near Hyde Park. for about S5'-
slsrsfss,, Emoorson 50 sold 10 j. J. McComb tne
boa,sshoerg Pace. Danforth Park. Dobos Ferry
Gen. ana hfteen acres OF land.
a SsnSasi Lloyd Brce has sold his country place
PhlrIn..as Pslnt, j. J.. % James j. Faye through
Is rses.% Wells, brokers 1t includes $50 acres ana
Long Isisea a. being one OF the hnest places on
ropseriiss island sound The price realized for the
M .H was about 5000
ave purchaser Of the northeast corner OF Madison
tron sra Thirty -fOurth-st Is Sir Roderick Cam
A pl oii ni me price paid was $4,000. ,.o
Fer e. 80 aAsy has been sold IN Waverey Place, 100
% Job T. OF Washington SQUARE for about $4,000.
Jon" n T. w Williams. for Improvement
Charles ~, - mmlns, through II. X. Drew CO ana
.oitsn floley Allen. has purchased for the Metro
o. Tia, irscton Company additional property east
power ,ss,cln'iy acquired for the cable company
and runns,on between Third and Lexington ayes.
sxth 81 through CONFERENCE.-THE TO Twenty
~ on m. me new purchaSe consists OF lot COX
'o zxss oS south side Of Twenty and also