New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-10-21
REALTY VALUES INCREASE.
MANY SALES LAST WEEK IN ALI fAr'i'
OF THE CITY.
,rr,r notyG N THE AUCTION MARKET

LITTLE DOING ~ THE AUCTION MNi'Ni
RAPID TRANSIT DISCUSSION
soue of Tho sales of real estate last "e.A
through brokers' Offices gave eoou NC -, o,,v
rapid increase m real estate values Il" -, ~
ard the amount of speculation when Is "oie ~
realty for quick profits In March last INC
ing and lot at Nos. 43, AZ and A Broad-s.' pe."e"
rrcbanre Place and Beaver-st.. were pought ny
Daniel T. Freedman and Charles f. Runk ior S-'V
600 Last week Henry q. HaVehaeyei pun
the Same property from Mr. Friedman an
Runk for 10000. an Increase OF S''''V0 " -,
months. The property contains e'o'' 'q" ,,,e.
which makes the purchase price ABOUT cor W
souar. foot The buildings on the property 40 "0'
.mount IN much and did not cut much OF nsulc
in the price The fve-story brick puild'hs a.. w. w.
a Iiberty-st. sold last week io' ANU. S'
A fcw months ago it was sold at auction o'lhs''S
&c o0o In 1859 the same property was pous!'' 'oi
g. on Nearly all of the sales last week s"o"eu
~ ,v,rco from, the previous selling prices
There was an unusually large amount OF DUST
ness transacted by private deals ana proAeis WI
much encouraged at the favorable turn 'ie'' pu'
ress had taken \ number Of large safes "ere
made in downtown districts and on Inc "eSt o"'
involving an outlay Of many thousands oil uoia''
hotb in now improvements and alterations. III 'he
auction rooms the business did not come up ~ ca
pectations. There was a good attehuah'e "
sales but no disposition to BID was u'Sp'So"
nru1inr operations showed A big Improvement
/
RAPID TRANSIT TALK.
,s uas mentioned in this column last Sunday
real estate men are deeply Interested IN 'ne result
NJ the vote to be taken on the rapid transit CUES
ton and every effort is being made 10 'hh"e"'o
votes in favor OF the measure Inc genera 'f'
ion among real estate men Is tna'' "hi'e 'o''e
of their number may have minor OBJECTIONS "
municipal ownership. they all agree tha' " - '''
only solution OF the rapid transit pfop'e'n' anu
tho only one that can be successfully carr'ei
through in a city Of this size. TE'y declare ''''
the immense benefit which Will be derived ''o'''
a system OF rapid transit ehtirci! o"se'S '
.cbcme and as II now seems that the mnnicipai
| owrc-shIp will not be under the control OF ram
many Hall. but under reform adfnnlS., ""o.''
,b.re will be no jobbery In connection with It's con
structlon Able men who have the ih"re''' Va
IN. city at heart have carefully conslherea H'u'-
pal ownership. and their opinions on 'he s'pJ'''
| and their willingness to bear the burden OF So
| curing rapid transit for tho people oil Ne" 'o'N
- saferuarls against all the evil results the enc
mics OF the plan bring forward.
The future OF real estate In THIS city "eP'n"' ="
n great extent upon better facilities OF se'"'s ~
all parts Of the town, and II values are !" "'
maintained and the city is to expand, the Scheme
| ,or ronid transit as proposed by the Chamber or
! Commerce md Endorsed by the Legislature. mus.
| receive the Affirmative votes OF the resideh's Ut
| this city Real estate men believe that the i"'"H
! IRE Will be accepted by nearly unanimous ''''
| in NoVcmbcr and IN districts WilCH VIII " '''''
| ntcd the greatest by a rapid transit system there
! f., already n great activity In real estate opera
,tons ana prices have advancing tendency III
the upper part OF the city brokers report an a'UNc
buving movement both for speculation ana lo'
| investment Many property owners anticipating
! a favorable vote rapid transit IN November
are holding their houses and lots for an au'""oe'
BUSINESS ~ THE WEEK.
| The auction sales last week amounted In value
] - IN no r1r.. x.
! and ,,>i.i7 in the corresponding week last year.
| In Ero,klyn the auction sales aggregated S---lV
against ,O7.77i in the preceding week. ana S''''''
| In the same week year ago. The following were
| the principal transactions at private sale:
| Frederick Southack a Co. have sold for Fred
| erick KONG the southwest corner OF broadway
and Broome-st.. running through TO Mercer-st' n
plot ssx2o occupying the entire block frontage In
Broome-st to John r. Williams for something
| over Ss1cO. Mr. Williams. II Is reported VIII I'm
mcdia,cly down the present building ana erect
| on the site fourtcen-story office building Hell
ncr & Bolf have sold to William H. Brandt tho
| eight-story prick and stone lighthouses, each 21N
| s75xico I'm One-hundred-andtwenty-h rst-st north
samuel Halrin has sold for Bernard HavanashI
to William puny. ihreestory stonrit ROM W. w.,
seventh-st., 900 feet west OF Amsterdam-aV'' on
Jefferson H. Levy has sold to Joseph Fahys 10
q Lherty-st. h.c-story brick Office building 10Y
OF the Iasak estate. which was sold IT auction
Mr. Levy buying it At the time for $500.
The John =. Burril estate has sold to private
party No. East Flty-sxth-st. = four,sto o
s,one-front house. lot 2'Gxlco5. for about $500!
The estate Of John ID Jones mas 500 10 W. y.
Brown plot OF four lots At the southeast corner
Of Rl ers.de Drive and One-hundredand-s econd-st.'
John Davl, has sold for SOM Brothers to a West
er n mah He n, SS % for OF abo1 $685.
Sablcr {, smith report that Watkins Brothers
| threc-s,ory basement and cellar brownstone-front
private dwellings. is6x52Nll2 on the north Sdr OF
| combe and Amsterdam ayes; terms, private This
is ne nst one scld Of the row Of dwen h nov
chased from James r. la the p0 lS S on
| elghth-st. He said yesterday that he proposed 10
build II seven-story family hotel upon the site. one
re- ready begun on the site James g. Smith has
sold to Joseph Pike the hve-story, iron-front build
ns A Nor repor ani II That Poser yn ssS%
have sold the four-story brownstone dwelling TX
and that Abraham Stern has sold to Caroline
Hertzberg the four story brick dwelling, 25Ns2. NO
NJ Kayser has sold for a Mr.. SCHNEIDER the two
nve-story brownstone lighthouses each % feet wide
' Joh h' jacob Aston has purchased OF Charles
$4,000 700 having already privately purchased no j.
| the adjoining house. both n the rear OF the new
| building, at the corner OF Ffth-ave.
CoNvEYANCEs AND MORTGAGES.
The following table shows the number of CON
veyancee. mortgages and projected buildings for
| last week and for the same week in 1899:
| CONNENANCES
| 1875 1884,
| OCT. 1919. 12-IS
| inclusive. inclusive
| Total number ~ -no
Amount involved S-,NO 3do S2GjSoIi
|
| T,fnl number 22i and 2ih Wards ~ ~
Argun, involved .................. $lllI;D Sl39575
Number nominal ................... "A y
MORTGAGES.
T,.I ,n,ohor ................ is1 90
Amount involved ................slsO G?i S3353 80
| : ont.
hrrunt Involved ................ STJ2,92+ ST. i5j36
| Number at per cent............... - no
Amount involved ............. s09T. 400 81 1913 40
| Number a less than = per cent...... 20
Amoun, involved ................. $4,000 Ss23 $50
| Number q above TO banks. trust and
| Insurance companies .............. ~ 10
Amoun, Involved ................. $500 COO 1891 Tsl