New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-14
REAL ESTATE MARKET DULL.
GOOD DEMAND, HOWEVER. fof'
BUILDING LOTS
GREATER ACTIVITY EXPECTED IN THE SPRING

GREATER ACTIVITY EXPECTED IN THE Spring.
FEW SALES ANNOUNCED FOR THIS WEEK
The transactions in the real estate auction mar
let in the last week showed a substantial increase
over the corresponding week in 1895 The totai
business done amounted to 1862, $50. while IN the
week last year it amounted TO NS'"'-'
Despite this increase there was no material chahge
in the actual condition Of the market. II conthueu
dun and without life. The market has been III a
state OF tagnation for the last six months anu
little improvement can be looked for before spring
The greatest activity in real estate has been Al
private saies brokers report several good trahsac
tons in residence property In the last week ana
there is every prospect Of large demand Tor
houses in the spring.
REPORTS ABOUT LARGE DEALS
The usual number of reports about large deals
were current. These rumors Of large deals. when
are heard every day In real estate circles. seldom
amount to much. If they come from the offices OF
wel-known brokers there Is generally foundation
for them bu, otherwise they should be discounted
Many of the large reported deals are not sales nut
trades and such transactions Involve hothhS
more than change OF different equities. they can
not DE counted having any effect upon the real
estate market one o: :he features % duil mar
ke; is trading IF an investigation OF many OF me
reported sales were made it would be- found that
they were nothing more than ordinary trades N?ne
OF the large reported sales which We're made III the
last year have been recorded the Registers
Office. and il is speculation as TO the real
amount Of money involved in them.
Two OF the largest transactions OF last week were
trades One was OF twenty dwelling houses on the
West Side. valued at 100000. owned by Levi +
Morton. in exchange for the office building known
as Nassau Chambers. In Nassau-st., valued al
100000 The other trade was an uptown nat-house
for a downtown office building. involving 5000"
An appraisal Of $JOO.1o has been made on the New
RI .lu,p at Eiffh-aNe and Thirty first
st This IS good figure which To base the
value Of large properties in Fifth-ave
GOOD TINE TO BUILD.
Builders and investors should take advantage OF
present conditions in really. As pointed out IN
these columns last week. there has not been such
a favorable time for realestate investments In the
last two years. Many operators have seen the
vast profits to be made at the present time IN real
estate. and they have not been slow to make the
most OF their opportunities The unusual demand
for bsjlding lots IS one OF the best signs OF an
active spring season. Building materials nave not
been so low for many years. and labor can be got
at a figure far below the usual scale or prices.
These are important factors. and builders are De
ginning TO stir themselves in expectation that new
buildings will find a ready market. People who
contemplate improving their property should begin
AZ once There are thousands Of unemployed skilled
workmen who anxious to get 10 work AT even
half the price they received year ago, ana dea'-
ers in building material are Wiling 10 MAKE great
sacrifices in order to find a market for their ac-
cumulated stock
The money market is now In a tempting condition
for real estate operators. All the Iarg" lehhhs
corporations have put their rates on bond ana mort
gage down 10 per cent. and privat" parties are
even making better terms for choice mortgages
on good property IL is possible to get tull per
ccntages Of values The large amount OF money
waiting for investment is an encouraging feature
Of the situation.
Nt,MRER OF CONvEYANCEs.
The following table shows the number or convey
ences MORTGAGES and projected buildings In the
last week. and for the same week in 1895:
CONVFYANCIS.