New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-28

OF THE REAL ESTATE
MARKET.
IT HOLDS ITS owX DESPITE THE GENERAL DE
PRESTON -rNcorR>GING SIGNS FOR H.
CREASED ACTIVITY ANp FOR BUILD

IT HOLDS ITS Own bf.@ili.f mn '''''''''''''
rnEssroN -rNcorn>GING siGNs FOR IL
CREASED ACTIVITY AND FOR BUILD
ING orEnATIoNs
Tho market for real estate - In better condition
than that for any other form ~ property. Through
on, the Last six months Il has held It's own despite
the depressed condition Of general business b"' /"
has not Al any time IN the last year Developer '"'
strength on which brokers base their expectations
OF making money Real estate men call the market
dull bnt steady" The favorable conditions mat
,ver. prcseut In the real estate market week ago
continued last week and reports from iAr 'N-
changes and from operators ana pHAd'rs al went
20 show that the tendency of the market was up
ward The volume Of business done at inc I'''
estate exchanges showed large iH'rcds" over ''c
revious week and also oyer the corresponding week
a year ago Last week the transactions "H""h'''
to sss02s: in the previous week - S2i'"'' anu IN
tho corrcspondlng week a year ago 80 S'5i"" Inc
large Increase Of last week oyer IN" previous worm
was due In part to the sale Of III" h''' 90 '"f''''
which brought $i37.oo. The property was bought III
1891 for 500 oD This property sold under us "''''
value by at least 5000" The price at whl'h u To'i
cannot De taken as factor In determining Inc value
OF property in that part Of FIfth-av" Ihe "th'r
soIcs in the auction market showed that ACTIVITY
had begun Brokers are looking forward - gpoh
sprine season In house renting. ON thursday rep
ruAry l. the renting season begins hf'k''S ." '''''
day VIII begin TO send notices to tenants requesting
answers as To whether not they desire t. renew
for another term BROKERS do not expect I" 'h"hc
any change In rents
TRANSACTIONS At PRIVATE SALE.
The number Of investors in the market is incr"as-
ing Good property Is In pctive demand ana II
owners viii not place an unrchsoh"bI' ns"' va
their holdings the buying movement VIII r"ir"y
Increase An idea Of the increased valuation "hcn
owners place upon their property was Instance
in the sale Of the Holland Trust comfanys b'id-
ing AT 80 % Nassau-st to the Bank OF Commerce
for S2a50O In March. 1891, this property was p'"s"'
bv the Trust Company for SlS'v" In NoKcnnsr
last the New York Realty Company boush! 'iS
buildInrs At 30 Is Broadway and nos. 10 ana ~
M%TGfr TOR an aGyancc Of $25ooo Another i'm
pOrtant transaction was the saic py r, ~ H.
hn,l tI and I"t At 30 l. Dey-st for $4,000
Nicholson 60. have sold Nos 70 80 ai' A., ~ & h"1J
ihss now POW, c,p ~ irlands old star chop House
'rhn nuiLiings will be- torn down and "A nne-story
irc-proof building VIII be iu'p W. ~ and nd Gmre"n
i hntimrr - rntcrmyer was made on Friday Gmg
genheImrr a. untcrnyer transferred 70 Se,h
S,,t' ,,,ht lois I'm Onc-hun ireland thirty MIN
ST. for siCooo Guwlis Irohe , taniier lo, 10
Gugsenhcimer unt,r"iyyere o ~ 3 and q King
Ing propertesb Mos Nos 2Ss and Fronis and
No. 90 ~, and ss West sxteenihst two yecsory
a., nd - vacnnt lot 2jxlco feet. at No Jones-s'
uI,IDING OPERATIONS.
The outlook for brisk season N Du'uihs 10 e",
couraging Builders In All paris OF the CIT! iepo''
49, T., d.mand for their services. and they
axnnc, that there will soon be heavy Increase In
,nu1,nc onerations especially In the upper portion
Of Manhattan Island and in The Annexed District hd
81 ams that people who have idle capital nave
IL neeinH ,ha axcellent opportunity offered for
good investment Of their money , and d. me result
Is ohat ronnrtv TO be improved with buildings The
price building mse dcred e an at an rae Ths
RuIIding Department. where al plans for new
buildings and ai ALE sctls1y - '''''''SS are
The money market last week was fayorabs tor
nv hona and mortgage ruled At "A per cent As