New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-26
A LIFELESS MARKET.
LITTLE DOING IN REAL ESTATE.
,s HOWEVER. EXPECT ACTIVITY SOON
MANY APPLICATIONS FOR BUILD
ING PERMITS

,.s,a,a trading in the last week reached the
..,,on point. Both a: public and private sale
s' usre no sales Of any importance. and the
~r,, Of business transacted was about on par
- .ha. IN the w0rs weeks Of the panic. There
VIZ W., n he lack Of lie in the auction markets
S gen, ,he brokers' offices. and only those who were
".,,s,as on the causes OF the small business were
W. a. give any explanation. The dulnsss OF the
W., d not TO be taken as a sign of~a bad market.
.,.s not mean that there Is TO be no activity in
~ ali neither does 1t signify tina; there has been
y. ,allns off in the enthusiasm which all realizes
ooera.ors feel for the real-esate business here
rc-.ondrors winch governed the market last week
i'e ~ unnatural for this time OF the year. The
S We. week merely showed in the opinion Of real
'1 .... men that The beginning OF the end of duh
" -. rad arrived. and that the market was pre-
ON Car the fall season OF activity. The market
rai,ing one. There Is nothing discouraging
e.. 4, and IL Only needs little patience 10 wit
-, return Of business on large scale.
~. suc,ion rooms only four sales were made
:" - them being under foreclosure Al private
.,.,c,,on 4 little business was done in selling
.r, lots for Improvement and residence property.
a, usual there were rumors OF big deals about 10
= cosea but none of them had any foundation
lever ard the people who spread them were
,..s 70 deny them the next day. The real-esate
.mor.monger is still a pernicious factor In realty
s.. and there should be some decided movement
- % iii the market Of this kind OF man II Is
.,bo3 Of booming business which will bring
I,s results in the END
a, the West Side there was little activity In the
-ss ~ the week. bu; even in that part of the
LEV where there is usually so much going on TO
,,sn rea-estate men busy, the business was light,
"a nothing happened worthy of comment. 1t was
week of big hopes and little immediate realiza-
"A, The end OF the summer season Is about here,
believe
auss are not far OFF. The general improvement
!, The business OF the whole country by the settle
m.nt OF tariff questions will soon begin TO be felt in
,.I estate and money for investment will begin to
make It's appearance
PROSPECTS FOR THE FUTURE.
, An indication Of the strength OF Nev-York real
estate and It's good prospects for the future is the
NJ movement now going on In building operations.
I, the week just closed there were fled at the
Building Department plans for forty-four new
bindings 10 cost s1.cl73f, against twenty-one build
ms at a cost of s3+0i5S in the same week year
.ro The applications for permits for the erection
O, new buildings are Increasing every day. and the
amour, OF property that is bought for improvement
one Of the features Of realty sales. Persons who
ara accustomed TO visit no part OF the city except
the particular district where they live are unable 10
realize or appreciate the amount OF building that Is
going on all over the town. and the swift changes
which are being effected in the appearance OF the
eIty The erection OF huge office buildings Is going
on In a way that appears to Indicate that there
will be no abandonment Of 'sky-scraping struc-
lures for time.
While downtown Office buildings going up. in
the uptown districts residences of ali kinds are be-
ing erected with surprising rapidty. Out In the
districts covered by the trolley roads many new
houses are being built, and builders report tnat
the contracts for the fall work are large. The
Times Building will. It is said. be altered In a
way to increase its height about four stories. The
scheme under consideration is TO take off the three
top stories sandwich In four more stories, and
then replace the top stories.
The auction sales in the week amounted TO
SSo5a. against $1,000 in the same week last year.
ks75; August ii. nss osS, and august & $500.
gated Eiajs. against $3.50 in the corresponding
week in 1853
SALES AT PRIVATE TRANSACTION.
The principal sales at private transaction last
week were the following:
Charles Griffith Moses has sold for the estate OF
Thomas Faye the lot 2syll3 on the west side of
Nacombs Dam Road. rs feet south OF One-hundred-
and-hfy-t h!rl-st.. TO purchaser who viii Improve
et once by the erection OF frame structure.
Kaeppel & Brookar have sold for Mary Sielert 10
Meyer two-s,ory Queen Anne cottage with
ground 50xl4o at No l.O5s East Northumberland
syen,y-nfth-st. for $500; also for Joseph p.
0Donnen the three-story frame house and lot, No.
81 East One-hundred-and-seventy- nfth-st., 10 Fer
diaand W. Roos for $3.50.
B. Ketcnam mas sold for W. j. Neliis No. 2s2
West One d-and- thirtieth-st. threH-story
stone front dwelling l6x5Ox9sll, to i. Kelly TOT
NiW cash
Fred a. Carl has sold to William Drought for
Improvement a fun lot the north side OF Sixty
aid-s,, 20 feet west of Central Park West
Hrs b. II. Bakely has sold No. Sl3 West one
hndred-and six eenth-st.. hve-story tenement
aase on o, 2jxlcoll. for Ella 5. Conkling to Ma
TIA Solomon and the three story dwelling NO.
HWes, Ninrty-thlrd-st with furniture for $4,000.
lseph Bierhon has sold for Chares kervan the
fVe-story fathOuse No. l.i65 Amsterdam-ave.. near
w. E. Jackson has sold for Francis NJ. Jencks
about l53 feet east of Riverside Drive, TO Fred J:
Eimson for about $4,000. The purchaser VIII erect
.Gabier & Smith have sold for James Livingston,
No. us West Eighty-seventhst. four-story stone
mont dwelling i9x56xlO0. to a Mr.. Hartman Tor
There were rumors last week that large Fifth
ave corner had been sold at private sale ior mears
issxn @ M tbe q Korn u1 he at 10 thave
.sing the northwest corner Of ThIrteen,h-sl Its
hally the Lenox Hotel, but the Ottngers tore tne
"a building down and erected ns% s
;d 70 61ans IN CO Us fo4 Of gears at
large rental. Marx O;tinger. when seen ~ re- re-
nat the pro5ertY had not been sold by them.
-. me four.sory brick tenement-hoIs WIN 'o. "a -
northeast
tortyfourih-st owned by James kicrnan, mas
eeen SOLD for s55 40 4 notice OF foreclosure OF
mortgage for 5000 recently filed against the
property.
The purchaser Of the leasehold interest IN inc
metropolitan Life Insurance companys former former
once building At the southwest corner OF ohurch-
-. and Park Place is the Manhattan Railway
company. as shown by the "Leaschold convey
snces published August II. A.,
asmyth RYAN negotiated the sale o, ne ~,
,xeling No 9I5 West Fourteenth-st referred 70
Sst week. The buyer is the Xavier Club nov a,
ms Y and % West Sixteenth-st. from "'iicn ~
s'n remove to the Fourteenth-st mouse az svo' 90
rs made suitable for OCCUPANCY as clubhouse
" price agreed upon Is $500 .,. -
ms,thew l.. r. La-kin has sold for INC tor VI
s.clos Gleason 10 Alexander a Jordoh ip. III
s"enen, the plot. loosxlso at the sonthca" homt
~ Madison-ave. and Eighty mint h-st. Tor apoa,
SM Mr.. Gleason purchased the pron i.h ,h "a,
crosure sale in March 1855 togetheT VIII On
~ lots in the same BLOCK two fron'lns ~, ~
Ss%gy-ninth-st. and six on Eighty-eighth-s' '''
d Tnses Martin has sold for bernhard oebbfhs
herman Schmonsees No J32 West Fliif oea Ia
~ fve-story double tenement. for $i',r"' VIZ a
,snsrich Brothers to Mr. Rciche 10 e az
ruethst.. new fvc-s'ory stone 'front.' mar" o,,
Nh. ,ne TwentvthIrd Ward Land Imprcvemen' ,,no
.ss has sold lots Nos. ~ and 10 on tke ~,
~"'e. for Nc0o. to Mrs. Charity Parker Erhhou'