New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-25
IN REAL ESTAT +
MORE INDICATIONS OF IMPROVEMENT
IN THE MARKET.


THE TRANSACTIONS LAST WEEK IN THE AUCTION
ROOMS WERE SMALL AND BUSINESS WAS
DuII-BETTER CONDITIONS EXPECTED
TO PREVAIL THIS WEEK
SOME INTERESTING SALES
oN TUESDAY AND
THURSDAY.
Considerable disappointment was felt by real es-
tate brokers last week at the small amount OF
business transacted in the auction markets. Inc
week was dun from beginning to end, and the
transactions showed falling off from the pre-
vious week of over $4,000 The sales of the week
while small and OF little Importance, were well
attended, and the bidding in many cases was hVey.
An encouraging sign of Improvement was the with
drawaI and adjournment Of many foreclosure sales
This shows that the defendants able TO lqudate
their Indebtedness and no better sign Of improving
times than this can be desired. There are fewer
foreclosure sales this spring than had been cX-
pected and real estate men are accordingly graft
fled.
Real estate men are cheerful and hopeful set
and inquiry among them shows that they are not
DISCOURAGED but are certain OF a marked improve
ment in their business before many weeks. Last
week was dull. partly account of Good Friday
which, although not legal holiday had the same
effect as legal holidays have on the transaction OF
business. The auction sales amounted 20 $'->''i'
against &991iG in the previous week. and against
S7l9 glj In the same week year ago. The sale OF
property at private transaction was more active
than that at public auction. In fact, the market
Tor private sales was in good condition. ana seV-
eral nrst-cass transactions were brought 70 close
The business aggregated s2.579ijO, as compared with
s2O5S 80 in the previous week, ana S-'-o'-W lot
the corresponding week in 1888.
There is a good amount Of money coming into the
market for Investment in houses. and people who
ike TO speculate doing it In real estate In pref
orcnce to stocks. Brokers In all parts Of the city
report an active inquiry for property, and II own
ers will make a few concessions in their prices
there VIII be plenty OF trading. The renting season
has not gone forward satisfactorily as brokers
would wish This IS due principally 20 the refusal
of owners TO make reductions in their rents. Many
tenants are holding off until the last minute IN TIE
hope that landlords will make concessions In their
rents
This week there promises to be a marked activity
in the real os,ate market. and brokers are con-
ddent of big returns from every property offered
The announcements OF sales at the different auc-
ton rooms include many excellent properties ana
there ought to ne a large amount Of business
SALES or THE WEEK.
A. the sale Of Edward NJ. Fields house, in
Gramercy Park last Tuesday. there was no COM
petiton in the bidding. and the property was
Dough, by the Equitable Life Assurance Society
which held a mortgage OF $3.50 on H. That thefe
was no competition was attributed 10 the TACT that
Cramcrcy Park is row resting under an assessment
Of $500 oll placed upon it by the Tax Department
The trustees of the Park have appealed to the
LEGISLATURE TO make the square exempt Thcy nave
also applied TO the Tax Department 10 make the
assessment nominal
An interesting transaction OF the week WAS inc
rental OF the house AT no 3s9 Ffth-ave. to George
Durand RueI or a term OF years at $1,000 Tor the
D. he d
which was bought last fall by Charles l.. Ennk FOR
$3.50 90 and subsequently sold by him 70 Henry o.
Have.ncyer for $500 The property vii! be used
for business purposes. The principal private sales
Of the week were the following
Uerter brothers have sold. through Mord"cai "
Son. to Randolph Guggenhener. tn southwest cor
ner Of Wooster and West Third sts.. s"v"n-sioF5
brick building. land 725x,i for about f-~c"
Phillip Lcipziger has sold Edward Smith. No
80 Grecnwich-st. four-s;ory brownstone hat LOT
23xs7lo FOR t@scp
It is reported that the schermerhorn estate has
sold the southwest corner Oh 'oItah'' am III"
witch sts. for $1,000
Torr.y & :. hrag have soil for Annie + Write to
william s Pattcu so 80 Wet Twenty thi.d-'i..
threc-story stone front house. lot 25N"' on private
terms. ,
charles r. schuyler & CO. have sold for Mrs j.
n GINNING to christopher X. Roberts No. -
Columbus-aye. nyc-story apartment house. lot ~
Sxiop FOR $li,rJ
J. T. Briggs has sold for Robert J. M''lir 70
Nh S Hamilton. 80. ~ West Eighty- i9IGtR-S''
nve-story stone nat. lot %'Ns-Alo-.-' I"' $ffV'
John Jay chaplin has pnrchased ron >; t; ,gbt,y
S1uier and Henry Parsons. no. H. N'.l r.'hH,5
sacond-st.. near Riverside Drive, iour-S'"ry "'o"'
dwelling lot 2lxsD. FOR s., ~ ,,,.,, ,,..o,t.-
~ l.; rgebuhr & son hay" s0i foT nun mp ma
uin.trnnth-st nV.-s story fat, lot -Nip Ioi -, ~
N ! Newman has sold for william IL nan
~ Schroler Brothers. Nos. 3ll and @ls Wet cI,e-
hunIrc, and ighecnth-st. hFe-siory S'''' mats
for SieDo. ........,.. ,..,. ,,,prc,eI.s
The following table. taken rom Inr,a,,'s
and Guide shows the number OIL cow tit
mortgages and PROJECTED iuid'h5 l'' '"'' w"
and Tor the same wcek ~ ls@
clNNLYAHCls.