New-York tribune., 1894-01-07
4 CHANCE FOR INVESTORS.
LOW PRICES IN THE REAL ESTATE MARKET
A DECIDED RISE EXPECTED WITHIN A COUPLE
OF MONTIIS-DULL SALES DURING THE LAST
wEEK-DIsPOsAL OF THE MONROE PROP
ERTY A MOVEMENT IN TUE
EXCHANGE AGAINST TAM
MANY HILL.


The real-estate market In the last week was not
active The transactions in the auction markets
and at private sales were unusually small and
a result rea-estate brokers were depressed. and
most Of them unwilling to take a hopeful
view Of the situation. Rea-estatc men, however
should congratulate themselves that their business
is as good 1t is for they have more to be thank
f for than the men interested In almost any other
business To be sure. the depressed condition OF
business In this country has left its mark upon
real estate but the effects have not been so dis
astrous or 90 far reaching as in other departments
OF trade. Statistics for the last year In real cs-
tate show no tremendous falling OFF in transac-
tions as has been recorded In everything else. and
investors who have idle money. and who have had
the foresight to grasp the conditions OF the mar
ket have had cause to regret their realty IN
vestments.
This is An excellent time TO invest in real estate.
Realty Is lower at present than 1t has been In the
last two years. There viii be profit in investments
made now. for prices are sure 10 advance just as
soon conditions become more settled. The value
OF real estate always increases after panic. and
the wise ones who have watched the course OF
prices in the reaestac market say that there Will
be an Improvement by the end Of February. il Is
a favorable time TO improve property with build
ings Building materials at "A low price. and
many Of the large financial institutions have taken
advantage OF this. The number Of large buildings
that are being erected in all parts of the city are
evidence or the IrOpluOuS 'lfne lot buHulHS
REASON OF TIE DULNESs
There are several conditions present which. If
removed. would make active real estate market
owners will not make enough concessions. buyers
have too little courage and lenders too exactng.
Just at this time of the year more thinking Is done
than actual business. This thought process VIII
probably end in good results and Will develop into
something practical by spring BY that time own
ers investors, brokers and builders Will have thor
oughly mastered the situation and all will be ready
10 work in harmony for the mutual benefit OF the
market
PRIVATE SALES REPORTED.
Some Of the private sales in the last week were the
following:
Walter c. Wooley sold the fourstory. high stoop
brownstonc 2O-foot dwelling. No. 14o East Twenty
ninth-st for $1,000
The property. 25xl25 in LeonarCl-st, north side.
200 feet west Of Broadway. fvc-story business
| building. is reported sold by the Tappen estate at
10000
The fve-story business and Office building SxA'
on the southwest corner of Broadway and Fourth
G, known as the Bisse Building II IL reported,
has been traded by Pelham ST. G. Bissel to Dillon
| q willouphby In exchange for other property.
The house No. 1886 West Seventieth-st. 25xlo2 and
| owned by r. A. Mcintyre. was sold this week for
about s22 5OO the name u the purchaser Is withheld
| for the present
IL is reported that the exchange OF the Nassau
Chambers Office building for John Petit. for the
Essex Apartment House. at Sixty -frst-st. and CO.
| Iumbus-ave was negotiated by John II. Foley The
| amount involved is said to have been $4,000
| Uerter Brothers have leased the building at the
southeast corner OF FIfth-ave. and Thirty-ffth-st
from T. A. Cruikshank & Co. for a term or ter
\ wears at an annual rental OF about $l50.OV This
| nronerty was formerly the site Of Christ Church
ZION wap Protestant Episcopal Church for 5OoO Short