New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-20
REALTY IN GOOD DEMAND
HEAVY DEALINGS IN HIGH-CLAss PROP
ERTIES.
INTERESTING TRANSACTIONS WHICH SHOW THE
STRENGTH OF NETWORK REAL ESTATE

INTERESTING TRANSACTIONS "hlOh 911O" I'M
STRENGTH OF NETWORK REAL ESTATE
-coNvEYANcEs AND MORTGAGES.
The dealings Of the week in the real estate
market were in most Instances OF high class
T..s auction market showed no particular Signs Oh
being in better condition than 1t has been lor l"
last year but the operations at private sale were
many and large The activity Of the previous week
In this branch Of the real estate business was well
sustained and there were probably a larger NUMBER
OF fnqsisir. Investment property IMAM !" several
months There Is just at present an active oenahd
for property. and in most cases 1t IS bought LOT
improvement. There has been surprising move
ment In the last two weeks in building operations
and from present indications II looks as though
builders and contractors would have their hands
full throughout the season. BY the great Improve
ment in the mortgage loan market builders have
been able 10 take title 10 property for improve
.nent and in the uptown districts much Of this has
been done
An interesting transaction Of the week. which
gives an idea OF the value Of property in Riverside
Drive was brought 10 a close Friday. The
property in question IS known as the Clark Man
sion. on the southeast corner OF Nineteth-st. and
Riverside Drive The plot Is 1872 feet in the Drive
by lF feet in the street, on which the owner has
erected a four-story granite house. ax70 This
property was sold yesterday by the owner. Cyrus
Ciark, 10 a Rell-knOWn NeW-1 CrR merchant lOI
over $4,000 which is said 10 be the highest price
paid for dwelling above Fiftyninth-st.. west
Of Central Park The adjacent plots. which have
Q similar frontage in the Driveway and are also
owned by Mr. Clark are restricted 10 one house
In the centre of each plot, similar 10 the corner
house.
The value Of property in that neghborhood
has been matter Of discussion for long time
but this sale gives a good base for values.
While many Of the people who are counted upon
70 take good real estate bargains have gone out
o. town or are preparing for their outing season.
there yet remain large class VINO are willing 70
90 into the market. and brokers will most likely
ma enough business throughout the summer 10
keep them busy.
DEMAND GREATER THAN THE SUPPLY
In some parts Of the city the demand for property
Is greater than the supply. III the downtown dis
ulcs In Broadway 10 Forty-seventh-st and in
fHu-ave 70 Nineteenth-st., there will be found a
buyer for every property offered. In many in
Stances however IL is difficult 10 bring negota tons
70 close for the holders consider their properties
sNtedged, and are not anxious 10 dispose Of
mem at figures below their actual value In the
'as' TWO weeks the real estate market has devel-
opeo into condition that had hardly been expect
:" oy the most sanguine brokers. The auction
market It Is true. has not shown any surprising
"~eVer' at this spring in trading at private
transaction has been most encouraging. and the
rssence Of out-of-town investors has shown how
Aeny New-York realty is thought Of The amount
y. money involved in the transactions and the num-
''i OF Them have not been 50 large last year:
WI mat Is not remarkable when the condition OF
vac tmes Is taken into consideration. The amount
money involved in conveyances from March
april IL last year amounted 10 $S3 756Si7 while In
s same period this year It was $i3Si7,l5s. People
.ao are acquainted with the market are surprised
a4' The showing has been 50 good. No other form
= Investment property has made such a good show
1s In the last year
TRANSACTIONS OF THE WEEK.
auction sale last week the transactions
e0hted TO se5Sls. against 9e27 in the previous
sA and HS5,3f in the same time last year At
"ste sale the amount aggregated g. 689.3J0 against
eMesS a week ago
eS"son Hobbs. brokers have sold for Will
n Halls Sons the slx-story stone apartment
1'e' known as the 'Lalita," the southwest
- ner Of Central Park. West. and Eighty-third-
~, pot @2xloO. for $4,000. Robert Appleton has
49, 49, 'or Frederick Berg to John wyle. Of Norris
s ~"h' N j., No. 10 Bowery, a nve-s.ory marble
.ness building. lot 25xloo. for $4,000 Mr. APP
T 49, SOD this house two weeks ago for $4,000
;, m3n Brothers have sold for Sachs Brothers
w "niam G. Weld, OF Boston Nos. 10 and Is
k,r. nston Place, six-story brick and stone
~.uins. on plot essxico for 100000. Albert E.
IN r-" mas sold through Slawson Hobbs No.
A"est seventy ninth-st. a four-story brownstone
49, ahs lot 2xl0z.2. for $4,000 Morris Simon has
A. J. Book No. East Nnety-second-sL.
ar. s.ory brownstone dwelling lot 2lx1oos for
~ 49, es','0 F. Zittel has sold for the trustees
M jones r. Greene estate TO Mr.. Chattison
hrn ~ West Eighty-seventh-st., a four-story
a cnSone dwelling. lot 2ox5sxloo. for $s5,ooo. e.
ArNsnank Co. have sold for Manderbaum
dred-snmeto George Goebel No. 1853 East One-hun-
tak Ia three-story brick dwell
kss p,rrhsxiW for $4,000. August Van Courtlandt
Eeb1tS Snasec from Mandelbaiim & Levine No $40
~ r. ~ three-story brick dwelling. lot 2Sx75.