New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-04
FEW PUBLIC SALES MADE.
A GENERAL. IMPROVEMENT IN THE REAL
ESTATE MARKET, HOWEVER.

BRISK SPRING TRADE ENPECrED-PRlNATE
TRANSACTIONS EEPORTEp.
There was a large falling off in transactions in
the public auction market last week The total
amount of business done amounted TO only $3.50.
while in the preceding week il amounted to SsSl2s
and in the same week a year ago to Sl16l.C0i Reai
estate men called Il an "off week. ana they dld
not Judge the actual condition Of real estate trad
ing by these figures. The class OF property sod al
auction was principally tenement and apartment
houses while extensive properties such as the Oh
journal Of Commerce" building. found no bidders
and had TO be bought in BY the owners to prevent
a sacrifice Despite the few public sales OF the
week. there an Improvement noticed In al
departments of real estate and the conditions
were such as 10 give every one feeling OF con-
ndence for bright spring season. The spring
renting time has already begun. and brokers re-
port considerable activity in all parts Of The city
TRANSACTIONS AT PRIVATE SALE.
There are few discouragine features in the trans
actions which are now being made at private sale.
Several large deals brought TO a close IN the
last week. and reports of other large ones were
current The aggregate OF the private sales Is the
larges, for many months The total transactions
amounted to $500 eco. against S2SlGi2 in the pre-
y;ous week and 81 G63 S25 for the week before that
\ noteworthy sale was that of the building a No.
o. Maiden Lane by David l.. Einstein for $4,000.
This is said to be the highest price paid for any
lot on a side street. off Broadway above Ceiar-st
il is reported that the property at No. Isl Broad
way and Nos. ; and Dey-st. has been sold for
100000 to the Metropolitan Telephone and Tee-
graph Company. which lately purchased Nos. 10 and
- Dey-st, in the rear of their large building In
Cortlandt-st. Henry Brlsh has sold the building
No 1.4S Broadway, Thirty ninth-s;., for
sl75OoO 10 the Schubert Piano Company W. II.
Ramsey has traded the saven-story brick ware
house at Greenwich and Tenth sts. at about
$4,000 to W. f. Pruden. for other property l.. J.
Phillips & Co. have sold. for Mrs. Sophia Roth
schili to W. T. Cushman, four-siory building at
Columbus-ave and Seventy flrst-s,. for $1,000.
The reported sale TO a Chicago syndicate Of the
entire block in Broadway. between Liberty. Cedar
and Temple SITS, which is fully reported in
another column. caused a good dear Of talk among
real estate yesterday, and the general opinion
that the deal would "go through" If the
report IS true concerning the purchase price. and
there seems little reason to doubt IT, it Will be the
largest real transa ction in this city in recent
years The deal has been on foot for several
months. and on Tuesday afternoon il is said that
final arrangemc for the transfer OF the property
BUILDING OPERATIONS
j. NJ. Farnsworth has drawn plans for a seven
story office building to erected at Nos 100 and 1872
Pearl-st.. by John Petit. The building viii have
a frontage Of over thirty feet in Pearl-st nearly
opposite the Coffee Exchange and extend through
y Water-st., a distance Of about III feet 1t viii
BE- built OF brick iron and stone. Its Will be
SV,Vn The American Surety Company, which
bought the property at Broadway and Pne-st
gently is now considering plans for IT, new build
ing The building viii be about sixteen stories
nigh. Mr.. Wilkes the owner Of the Wilkes Build
Ing AT Broadway and Wail-st. viii erect a ten
story Office building at the southwest corner Of John
and Nassau SITS Work VIII begin about Nav J.
Reports of building operations from all parts of the
city show that the conditions favorable FOR a
brisk building season.
The money market continued favorable 10 real
estate transactions last week. Bond and mortgage
brokers' quoted rates at AZ per cent. At nearly
every auction sale the announcement was made that
80 per cent OF the purchase money could remain at
10 per cent. The easy money in all prOba bitv will
soon bring stream of capitalists into real estate
investments.
The following table taken from "The Record
and Guide shows the number Of cOnveyances
MORTGAGES ana projected buildings for last week and
for the same week in 1895