New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-09-02
MORE BUSINESS IN REALTY.
RErTER DEMAND FOR PROPERTY
ALL OVER THE CITY.
.,vr HEAVY DEALING AT PRIVATE TRANsAc-
r1oN-oUTLoOK FOR THE FALL RENT

80 and the reports. from brokers In the differ
-, narts OF the city were of a more encouraging
,,re 4 number OF good-siZed transactions were
s,ueh, 10 a close. including a valuable piece of
onsrty in Broadway, which sold for 100000.
80 was good demand for houses the West
sas and many inquiries for residence property In
s,,.r parts Of the city. There was nothing of any
,ortance doing in the auction market, and only
ss sales were made. aggrega:ing less than $4,000.
There were few more people present at the auc-
a,roonns and a better disposition to bid was
o,lced The general improvement in business which
a. Looked for by the settlement Of the tariff ques-
,oo and the return TO their homes of the Demo-
,,,c Congressmen is giving confidence 10
lily operators and It is expected that money will
.oon begin to flow into the realty investment mar
little will be accomplished In the auction market
ro.n the latter part of the month, when a large
s,a will take place at the Real Estate Exchange
:, JJbery-st The property TO be offered then con-
.Is,s Of nineteen houses and lots in One-hundred-
rasixth st. Third and Fourth aves.. and in One
,r,sred-a i-ffeenth-st II is part of the estate Of
BENJAMIN Richardson, a we-known builder, who
ssi about four years leaving an estate valued at
over 81 100000. all invested IN real estate. The fall
sa,son in the auction-rOoms Will date from that
s,ls and from the list of properties that will be
offered II is likely that the market will show a
NJ, Improvement. Real estate brokers who have
Ton asked about the outlook in real estate take
cheerful view Of the situation. and express them
..,ves as satisfied with all indications which. they
say point to improvement.
THE FALL RENTING SEASON.
Brokers report that some concessions are being
made in rentals in different parts of the city Land
Ioris have been forced TO make them In order TO
ret any tenants at all. and there Is prospect Of
the reduction becoming more general Last spring it
vas said that New-York never before contained so
ohar Of unit nj ed
houses The chief the refusal of land
birds 10 take into consideration the reduced income
that the hard times had forced their tenants and
10 reduce their rent. Some of the landlords whose
houses have been vacant all summer are beginning
10 see the cause and effect, and slowly becoming
acquainted with the remedy Brokers VINO are au-
,horiiy for what they say report that $1,000 and
u2O houses are not in any more demand than
those OF a higher price. and that SO far the rentals
have shown reduction of 10 per cent compareu
with last years prices The number of houses TO let
Is unprecedentedly large and the renting season
is backward and far unsuccessful. except In
cases where concessions made. The only
nronertjes that are renting well the very cheap
Warehouses; in good locations The demand for them
has been large and they getting as tenants people
who last year occupied more expensive ones. Inc
Aat-houses which have $50 $25 and $50 apartments
are the ones that are renting well, and landlords
find no trouble In getting desirable tenants for them
houses below S!xtieh-st this year, the former ten
ants moving uptown or out of town. where rentals
are easier. What is wanted is general reduction
In rentals below Sixtieihst. well as above H. and
the sooner landlords recognize the necessity of
such step the quicker the fall renting season VIII
activity In Harlem, where many houses were
put, up in anticipation OF the Worlds Fair being
held here the competition is SO great to get tenants
that rents have fallen. and We'll located lighthouses
with almost any number of rooms be had at
prices which In most show sensible reductions
from last years figures. 1t is encouraging TO note
that landlords have come TO the conclusion that
Concessions must be made. and 1t is hoped that
others and especially those who control property
further down in the city than Harlem viii recognize
the justice of their tenants requests for lower rents
BUSINESS IN EIGHT MONTHS OF 1894
From January of this year to September l. the
auction sales amounted to sl7.94s.3s2 In the same
period in 1893 they $27 099 $9O27l7 more
The number Of conveyances in eight months OF
iM 1916. representing $lS.35.210 anu In 1888
they 1852. representing sl11 isi The mort
cages in the same time Of 1894 and 1888 amounted
500 1923 269 and $l32 49, oS3 respectively The pro-
3ected buildings FOR eight months of 1894 were Loo
costing 1876 237 and in the same time in 1894 they
were 1895 costing s4S.S9204s.
The auction sales last week amounted TO s6s3'o
against So 053 in the preceding week. and sls64S In
the corresponding week a year ago. The private
sales aggregated s924S0, against $4,000 In the pre-
NOUS week In Brooklyn the auction sales were
N,sT, against sly6 iSS in the same week last year
The most important sale OF the week was NO $50
Broadway running through to No. 15i Mercer-st.
Z three-story building in Mercer-st and four
Eory brownstone building in Broadway. on piot
dent Of the Chemical Bank. The seller is Herman
wronkow. The price paid is $4,000 The building;
!ohn Jacob Astcr. the founder of the Astor for,
tunes. has. together with the land, been soid d
lamber of times in the last two or three years,
ach time al an advance. The first sale was In
ny, 1891. when the Sedgwick estate sold IL ioI
turn sold it for sls150o to the present seller IT
s bought by the original AstoT for "a little oS over
NM The building Will be torn down ana Hioue'h
1t was reported yesterday among real-estate
nsr Of one hundred and |twenty-hf and St.
Nicholas ave, iive-story stone house known
The Hugh j Reilly estate has sold the northwest
srner Of nehundred -and-fourteenth,st ana FIRST
ave, three-story frame dwelling lot ZoxlU TOT
WI Roome has sold No. 25l West Thir,y-fourth-
st., three-story and basement, brownstone front
eselng size 22llx5Ox3s.9. to Mrs. T.. Donnely. for
,.staSer & Smith have sold for John j. Mahoney,
No M West hundred and forty -ninth-st
ilreestory brownstone house. H.6x1OxiVo to
Charles Grifiith Moses has sold for George T.
Wyatt to Thomas Brown the lot 2xloo on the
sortherly SIDE Of hundred l
'set west Of Eleventh ave. on private terms; u
sAi private sale A. g. Culver has SOLD ior .; Is;
sone dwelling lot l5.6xlGO H. for about slsVW. ,,
Az private sale c. r. Schuyler has sold Tor wi. VII
wx Hoyt No. 1872 West Eighty-nlnth-st' "a iou'-
"9Iy brownstone dwelling. lot 2OxlOJ. Tor *fo;vo,
ysohn r Davidson has sold FOR FREQ tiae az
sos 81 and g. West One-hundred-and-s econu-Sut.'
w'hW-story double fathouses TO Charles ochno'
.; ior about $4,000 ,,,
seAhler & Smith have sold for John j, Mahoney
~ West One-hundred- AN forty ninth-s u
inn rory stone front dwelling TO Mrs r"''-
10 about SIG 500. 1,,,
fhs' z Hewitt a. Co. have sold for Mrs McSauies
Nos ~ %e-story brownstone apattdn men tbir1st
~ and III West Onehundred ana ~,
,.n.HM and for Leonard l.. Hill NO I"v 49,
dvsu 'seventh-st.. three-story hlgh-stooP '"o''i
lung with extension. for $4,000 ,usrs
~sta f Hermann have sold TO firm OF puliusth'
sast loan the vacant plot, 100xSo. on tne nor
Ana corner OF Manhattan-ave., and one hunricu -
d,s1a,,second-st The Of the firm has not peIn
'siosed. but we are iIvormed that the property is
improved once Dy the erection OF mats
Ala a. Arnold x Co. reported TO nave nesou
am trade between George r. Scott ana heh ~
nm es by which the former disposes OF pIot ~"
hnrrs on the west side OF the Boulevard. near one,
rnc.1e and thirteth-st, valued at $'o,W an.
Owes In exchange Mr.. Gillies's residence az
nd obd al ~ consideration