New-York tribune., 1894-04-15
little DONE IN REALTY.
,,srs OF A COMPARATIVELY DULL
MARKET.
.ovrcr TO LANDLORDS WHO WISH TO
vrrp THEIR TENANTs-sALEs TO De
MADE THIS WEEK.


"Trip THEIR TENANTS-SALES TO De
MADE THIS WEEK.
.,.. vas little change IN the real estate market
-. usek Conditions which govern che COURSE VI
As. 80 oreratons remained about the same ana
rea e' - business transacted showed no i'm
pe dinerence from that OF the week before
D. vas LITTLE doing in the auction marKe'S anu
me me- .nere we're several reports OF large deaiS at
". VIZ" Gale few OF them came to the surface "S
p saA transactions. In the downtown ulsUict
bona t-,des Of large properties were recorded ana
s','~ -.s,dence part of the city NUMBER OF Eoou
- N IH' wade Building operations were some
sd' ,nroved and there were several announce
" .. ~ large buildings TO be erected ana I'M
W., alterations and additions 10 De "aue ~
p'nss nroper,ies. The auction sales amourFeu
ousm, .,,rO, against s4959o7 in the preceding week
rai,st si94 $50 in the same week year ago
ana As .,s,c,ions the sales aggregated S.ll3,-
~ ~ Msfa,,st e 1875 O5S in the week before.
rAo srrng season in ,he real estate N"'Ne' -
Ing -, o,d and a careful study Of the trans
,.ns IN 70 the present time shows that the mar
seVV I, the condition that brokers would call
~, This Is the time of year when there ous"'
nO'H~' large amount Of activity In real estate out
" 49, Of any such condition have not been
eAp,, I'd those who confidently expected a lively
,c husiness have given up hopes OF any more
,..r,an. until fa,l Considering the auNeiS"
.,,iors % trade IN general. Ii Is not surprising
10
' .,.frl brokers who have watched the causes
s". .- -. ., the period of depression are not
an' ,.od at the failure OF the spring market TO
Ufi , ,ba homes Of those who expected 50 muCh'
,ssn,.a all the unfortunate circumstances wh'ch
.. ba,ned TO make business small, the mdrhe'
80. dsvslonei growing strength and the tone j.
na' No.,er than that OF many other forms OF Dus!-
ness. -
DISAPPOINTMENT TO BROKERS.
m. ., the great disappontments Of the spring
..o.u, n brokers and owners OF real estate mas
49,, tho increasing tendency Of tenants 10 give up
,s.I, houses and apartments. refusing 10 sign ne"
-. 80. u,,u the fall or until there has been re-
', =, rents There IS hardly a broker In the
.,, whose books are not filled with houses anu
o--rrsn,s 10 let. and considerable apprehe"S'o"
has hAen caused among many owners .! '"e a."
rouncements from their tenants that unless ''e"
,. o,a reduced they will move into the country
'- I'm -, brokers shows that there has been
-, o,,o,,oOn movement this spring. and BrooK-
~ js hAneAting considerably from the high rents
., his city By receiving offers from many 'e"
w..se-s ~ moderate means for houses and apart
usn,s Some brokers say that reductions HaNe
snon rada IN rents but there are not many ten
ants who acknowledge that they have receiver any
such inducement to take their houses for another
49, The fact that there so many vacant
.o,s.. and anartrnents Is conclusive evidence thdl
the real reason Of such condition Is 'he hdO'I'''
of tenants 10 stand the high rentals IN TINS C''s
Slight reduction IN rents Is not what is "d"'eN'
concession OF 10 per cent now means that "'le''
,he times are better there will be an increase SUM
ron, 10 Offset the 70 per cent reduction. \ Ne"
Ns,s IN the prices OF rents is needed Io"c
lry must be reached II owners wish III 'he iN'N'
vrsain good tenants. There Is large o19o -
,er. who would like 10 live in this city ou' ''e'
rwevented from doing so by the aoioi'"'i % ,,,
snonev demanded by landlords. 1t Is an 'h'e'i-
hn.. they could do So in preference 10 snourOI"
towns and they are the kind OF people ""o'' ''
city can III afford 10 be without.
Many landlords seem 10 think that in order 10
have good tenants they must place hieh I'"'''
m their nron4r,v The landlords are mistaken
Low rents will bring first-class tenant 80,
also Will come but a landlord must be ao'e - e-i
ths r,od ,ror, the bad II the landlords would 'hd
ou, something about tenants credit belore am.
them in they would secure. as a RUE tenants VI
high standing their properties would DE oo0ui,'
and their bank accounts would snow no md'e''"
falling off.
WHAT OWNERS MIGHT DO.
owners refuse TO make reductions there IS one
thing at least that they can do-tnat - ~ nan,
Improvements 20 their properties IL Is ".Ii ,
known fact that landlords are slow about n'dh'i'e
alterations and improvements asked FOR BY their
tenants and which are for the best Interest OF ''e
property Some landlords are more chfrIuI 'h. huDu.
The needs and wants Of Their tenants y, ther ten
ants rights In some cases owners can Keep ,d thedI
tenants this year by 9merlpS rs the 10 iaT pen1
Some Of the interesting transactions III '"e
Hoffman Brotbers and William c. Walkers Son.
sold for OF Josiah Belden me t.o
ss fronting 75 in Canal. llss IN Merrer s3S o ~,
no. 4o~ard;st and i3 on . ne oo rear ear % Twenty
years ago It was ArnolG, Constable q 60 ie'""
orysoods store. ,., ,Ao ,er-storv new
Office building fronting 10 feet In Broadway anu Ify
feet in Fourth-st northwest corner. WIN IeaI @
borg for the four-story brOwnstone dwelling. 40
81 Fh-ave lot 23x&, next TO the ne,nr1 ware
house lixlOO, Nos. 222 and Zi Greene-s'' "e"i
John Pet,t will begin removing the 3id bull
ings on MAY from the plot 5ex'1 on tne nTron. na
Re viii hnin an eghiecn.siorv steel skeleton IRON
front office building to cost $4,000 j. NJ rafhs, i rs,
ADDITION about ~ feet wide 70 the cast slde OF 1ne
Electrical Exchange Building, in Liberty ana Cedaf
Plans are nearly completed for the proposed I'M
poyement Of the property on the northeagt co'drl
q Riverside Drive and Elghty-hrst-st. There ,,. nr.
70 be eight ve-story houses of different sizes, Du'
@-trick terra Gotta and stone No.. coo,o.
On the southeast corner OF Nassau and Spruce sts.
rs being taken down by Candee 4 krekelef: ,r nhr
s,,oyes) WIN be erected on the site from plans by
e, e, Z; Robertson. John Downey has the coh'ac'
A LIST or CoNvEYANCEs
The following table. taken from 'The Record and
Guide" shows the number OF conveyances. mort
cages and projected buildings for last week and
"s the corresponding week year ago:
coNvEYANcEs.
April lS;i SO 49, April No. 80 ra
S%sss involved. 2l2sss 3 5000 q
SuHSe, si"ad "a and 2,;h wards..... !.
Numhsr nn.ti ''''.'''''''''''' *i'''" .