New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-31
REAL ESTATE.
BUSINESS IN THE FIELD.

The conditions which usually dominate holiday mar.
ke among the reaesate brokers have not been IN iu
force during the last week. Few deals were eapeo'N
be executed In fact total s,agnation was predcted
usual for the closing days Of the year. Inc "h""''
,s ~ the week have been happily disappointing 10
several well-kn brokers. The general 'oiu"e =.
realty this time OF the year was
more than satisfactory transactions OF the week
hov. been Of n character inspire commence III '"e
stability Of values The chief feature Of the market was
the purchase made by the Hanover National BANK Vi m
building in which It has for so long had us OFFICES '
~ tho largest reaestate deals made recently are re-
garied as only temporary. and were mace by speoua
Of limited capital compared with the magnitude o e
ventures. and all OF their purchases II Is sa'u "''' ~
or later come on the market again
When n purchaser however like the Hanover National
Rank enters realty market such buyer aHecu P'oP
erty generally in n most favorable manner.
The volume property for sale on the West sue was
estimated September last according to certain 'aa
i,. issued by n we'll known broker. be 800 houses
since the issue Of this catalogue 1870 OF these houses nav
been sold persons who will occupy them pe'"""''
Many ~ those unsod In undesirable localities
\ wclknown lawyer says that there arc NJ
t,rcc tory houses good locations for sale on the west
Side and very three done haf-story houses "s
~ a. urs,ory houses under $4,000. are in the mnrN"t
There are number houses for sale Vaueu
AT between 10000 and $4,000
The leasing Of business properties especially in the dry
goods section proceeds with generally better results '
were obtained last year Some exceptionally good Items
specified below. a.,
The brokcft the stock Exchange VINO arc se"e'"",
complaining II no business. should. In the judgment Vi
many adopt some rules governing the brokers l"
tho realty market touching their commissions saiu d
prominent investor to Tribune reporter. THE brokers
In Wall would regain their lost cien'ase ana "oui
to-day be doing a better business ike rea'-eS''''
brokers II they would base their commission rates on 'e
actual selling value the securities dealt In Instead oil
the par value.
There recorded 2o5 conveyances last week. repre-
sening 81 $50 m l3o nominal Transactions ana lot
the entire year recorded llS0 conveyance
REPRESENTING sl4s 3 s3 while for the last week IN 1919
the deeds recorded and the total amount involved
was s.: 2oi 80 and the nominal conveyances were oy
nneynve The total number Of conveyances 'o' tne year
1898 were IL ga which represented the sum OF Szi"@
Di This year shows 1893 conveyances representing !"
amount So S,1 72s less than 1898
There we're during the week 30 mortgages repre-
senng s. ISIS and in the corresponding week IN 1919
GOD mortgages representing <15 1921 There hciuoed
I'm this latter amount 100000 mortgages given by the
broadway and Seventh Avenue Railway Company Inc
rate Of nteres, about per cent per annum
Tn. recent purchaser Of the Hotel Losero, property
william X Evericl has re-oid 1t to Land NJ Sachs at
fH" ns w sS' as n in ffsss ''s' '
t. % Ss cnaFf tbs block l"r 6s S"s IN
f,ufthst north sid. between Am.serdsn-ave and the
'% @Hsr EasaTs sons have The dwelling property
No % West Nney-nf'h--t to Edwin Hawie y.,.cn.r
Prayer plo, IN Fast Fourhs' between Avenues II ana
School commissioner Randolph GussenheImcr has s9ld II
IL .,H tho nyc lots southeast corner Of Madison
49,. and one hundred and nrs-st.. 23Si5 each
charles Gnfn,h Moses has sold III. four story orcS
building ~ 3lG Washington for Alexander BIOS 10
= Sandow.
y J. Hess - NJ l.. Hess has leased to ilunlaps TX
press co., building. be erected on fhe plot lbs
81 ami - tarles~ running through 10 Nos 100 and ".
Terr,-si 81 t~enty-one years. at 'o'a, oi
Tho rrnf.rtv reSld by Mr. less
y, So up Mr. licsa also Leased for Randolph fus
ehe ner three lots the New York Commercial ulll
INK Q, n~ erected tho old Sow York Hotel site 70
Mla Ems f1r I've years ~ total ~ t''"" hiS
l.a.ri fr the estate II Wilson l.. befenforf the huId
ny y. so Ir alway Robert Lindheim. Tor term OF
'.n Year, ~ 90 total - Slio"D
g. , teff has s0i far william Dwight 20 Anthony
Tlrthard ~ - West Sat, thifi It. nf"-sioIy hai
,- ..,sysi nD frst ~ oliver Bffan has sold
y. tsi West hundred and twenty s"frnth St
fHf,. story front dwelling IN l1t ]" NNr'
f. Or August Frey and Others 90 GregnFio d" !nHda
Or tlf5'D =, A., 81,
NJ. Il Naiiare has sold o. Richard II. Hanf"y sh
l.. r 3D.. north side FNy -f1urthst 100 feet "es
~ Tirs.a'f. ave- 80 IL reported price - about s2"
I.r N.v. f,f central Hudson River Railroad com
rrf hts fi~l finrs Or tho building - two onrrtoy
r..n.tt stations huuir" ! and twenty 'uFtf
ar hundred and-tw cn- sixth ats. over faha'e ''
....t