New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-18
LIGHT TRADING IN REALTY.
A GRADUAL IMPROVEMENT. HOWEVER,
IN THE MARKET.
SALES AT PRIVATE TRANSACTION AND BUILD
ING OPERATIONS LOOKING UP-THE REAL
ESTATE EXCHANGE TO FORM

ESTATE EXCHANGE TO FORM A
GOOD GOVERNMENT CLUB"
The number Of properties announced to be sold
the real estate exchanges last week promised
lively week in the real estate market but the trad
ing did not come up TO expectations ana the safes
in the main caused little excitement There was
steady tone. however to the market. and the
aggregate of sales showed substantial increase
over those of the previous week. Last week the
volume of business amounted to NOOo355. against
1857 SAG in the week before. The sales for last week
were Just one-half of those in the same week
in 1898 The properties which are set down TO be
sold after next week. and through the spring sea-
son. are more attractive than any that have been
offered far this year. and brokers are expecting
a big increase in business after this month De-
spite all the adverse conditions of the market real
estate men appear to be in cheerful mood There
is no reason why they should feel gloomy, for their
business has not fallen off TO the large extent
noticed in other lines of trade. OF course, many
men in the real estate business have suffered
material losses but the records of business failures
for the last year show that the real estate business
has been practically untouched. The improvement
in values be noticed in all parts OF
the city, and particularly the West Side. where
just at present there is considerable activity.
HOUSE RENTALS INCREASED
Landlords Of property in Broadway above Thirty
second-st. caused considerable unpleasant sur
prise 10 their last week by announcing that
the rentals for the coming HOUSEKEEPING year. be-
ginning May l. would be raised. In many Instances
the proposed increase was just about double what
they had been paying
The Lawrence estate, which owns the property
on the west side of Broadway between Thirty-third
and Thirty fourth SITS. gave notice that the rents
for next year would be double what they had been
in the last year. The sudden movement on the part
of property owners in raising their rents may nave
been caused by the announcement that news
paper had rented the entire basement of the Union
Iopk md hal
vance of $1,000 year in rent over what the place
formerly rented for.
The building operations in the last week were
not heavy az in the week before although the
number of projected buildings was larger. The
amount of money involved. however, was less by
&97 74c There is a great deal of activity among the
builders in the Twenty third and Twenty-fourth
wards. A large number of new buildings are being
erected. and plans for other new ones are filed
daily with the Building Department On the West
Side there is also activity. and the spring season.
which is at hand. will see big Increase in the
number OF buildings in Coumbus-ave the Boue-
ward. West End-ave. and Riverside Drive.
The plans for the building of the American
Surety Company. which will be put up at Broad
way and Pine-st. have been drawn by Bruce Price.
The building Will be between fifteen and twenty
stories high. and its estimated cost is 100000 1t
will be built of white granite In the shape of
plaster. 1t has not yet beer decided when work
will be begun on 1t.
SALES AT PRIVATE TRANSACTION.
Private sales last week showed an increase
those OF week ago. The aggregate amounted to
$9o90o0 for last week and 81 900 for the preceding
week. The sales in the week small rule.
but there was the usual number Of rumors current
about big deals
The seven-stOry apartment house at No. 22l West
Fifty-seventh-st. has been sold by Iorgan & Stat
terry TO John w. Condi for $4,000 Martin &
Brothers have sold to Theron Bedell the five lots
on the northeast corner of Broadway and Forty
ninth-st. at reported price Of 800 900. The Old
journal Of Commerce property in Hanover. Pearl
$S5,W Inc same property was recently put up at
auction and bid in at sls0o The sale Of the Hotel
Endicott In Columb'is-ave. between Eighty first and
Eighty second SITS. reported In real-estate cir
Giles Yesterday. The price said to have been paid
for the property was N,30O.0O0 A piece OF Green
wch-st property was said to have been given in
property. The New-York Savings Bank has begun
proceedings TO foreclose loan Of 5000 made by
nrst-st. held by 9. Hawiey Chapman. VINO is
in an insane asylum. Interest has been paid regu-
ceedings In order TO secure title to the proper;y
The reported sale Of the property at the northeast
corner of broadway and Nine,eenth-st. owned by
Mrs II. G.. Gerry could be confirmed This
parcel has been sought after for a number OF wears
but offers have as yet been considered IL Is
one OF the few properties in broadway which are
A meeting has been called by the members OF the
Real Estate Exchange. TO be held the Exchange
fer the purpose of organizing
The following table taken from The Record
mortgages and projected buildings for iast Week
and for the same period in 1897: '-'' "eeN
CONvEYANCEs
Feb: 1910. Feb. pis
Number ,........................ 277 i6i