New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-04
REAL ESTATE.
BUSINESS IN THE FIELD.


| The character of the recent improvements IN
the northwestern part OF the city has shown that
New-York, owing TO Its contracted area, Is des-
tined to be given in the first place to trade
and af;erward to mansions for the wealthy, ex-
pensive apartment-houses for people OF generous
incomes to apartment-h buses OF the middle grade
for those OF moderate incomes. and TO tenement
houses for the poor. During the last eight or ten
years the West Side area has afforded a ground Tor
development in accordance with the general trend
OF individual taste the one side and OF avarice
on the other. When lots were to be had at reason
able rates, purchasers were ready to avail them-
selves of an opportunity to secure homes OF their
own on the island. But the owners OF real estate
have advanced prices to figures that prohibit the
man OF moderate means from purchasing and homes
have necessarily 10 be established elsewhere. but
wherever the exiles from lower brownstone districts
have pltched their tents the hand Of the Spectator
has been extended to grasp every men OF grouhd
available His plan IS not TO construct hoihshAe
structures but on a small area TO rear structure
as high as safety will permit. In order 'hat ne "'@'
derive the largest possible returns from MS h'eSt
ment Thus the craze for the attainment u US
revenues is gradually obteratng the homes o, TIC
middle and we!l-to-do classes from the race oi va
rattan Island 1t is a simple choice for men either
to live in hathouses in layers o. Jeiiy-caNe io''' "
to desert altogether 20 outlying districts
With the coming Of milder weather the'e WI,
creat activity in the construction Of new puluihS'
EVERYWHERE The properties which have chais7'
hands within the last six months peIo" ni''
are numerous. In some Instances the WORN VI nc
mo.iton has already begun, and signs are hu'he'O
announcing the fact that after May occupancy by
,,or,a ,riu cease owing 10 the sale Of the build
Inr one Of these relates TO the property al the
southwest corner of Liberty and Nassau SIS OPP
posite the new Mutual Life Insurance Company
building It is said that plans have already peeh
agreed upon providing for the construction oi
twenty-story building on this site.
Of no int
begun about May the home of the Asso-
citation of the Bar of the city Of New-IorK Inc
announcement has previously been made OF the puF-
chase by the association of plot Of land In Forty
thlri-st % feet inches east OF SiXth-aVe, ana eN-
tending through to Forty-fourth-st, where 'front.'
age of S. feet inches has been secured. THIS plot
covers the eastern end Of the old Slxth-aYe rail-
way car stable. The Committee on bi"din8 he'u
a session last week for the consideration OF pans
but all the details have not yet been c 9pa
display on the For;y-fourth-st facade win an APP
The p.ans c6ntempate the location Of the library
the top OF the building II Is popo'e' sares ~
provide large auditorium as wei As a S1, IN con- W
smaller rooms where judges may assemble u, con
ference, and IN which references may De coiIuc,el.
The real estate transfers ana me Ssa 10 IN tbe
week not so large IN volume as ms saIs
nnynted 70 about So 5000 as compared with
81 $4,000 for the corresponding week OF ItS. 49,,
recorded number ri. Il which 1872 were nominal
the rem inder beinS represented by tolai " g.,
wards there were transfers Of which 2 were
nominal the consideration Tor the others amount
last year the transfers numbered 81. OF whlcn ~
"ere nominal the others representng an 1 1--WE
fourth wards there were Is transfers. II nominal
the others showing total investment OF srCo s II,
number ana amount han those OF the previous
week. large as those OF the Corresponding
mortgages. involving the sum OF @g5s5lo F9r me
corresponding week Of 1894 there were 3li loans
representing Nl95.3G6. The average rates OF inter-
IS; continues AZ about Per cent; . -.
new structures. it will be seen by reference TO the
following statistics. show large increasr OF v 1usr
Thcrc were $50 new plans flied. repres,enuns Sty5'-
sl5 agains; 3 buildings. 20 cost SS5S6'5 In the
Frank L. Fisher has sold FOR Jacob II. Newman
TIE Yo WSyt RShh GY 10 Or G
W.nlt TO- $1,000 - =. u.u,,a., 7,
Botzer to John j. Fullar the three-story and base
ment brownsone dwelling property. laex9'XI"' Tor
Blakcslee Barnes has purchased No; Il Reade-st
a two-story frame building. and lot 2Sx'o from
Feiy so@ard Walker have s sold 81 % e Builder Y1S
teen,h-st Win OH buildings. for $1,000. a tve-story
fathouse will be erected on the plot ~,
40 West Fo 2nH3i H1s 5So@ w ,%Osory brick
Th5mSs iowp has sold to william \. Hall The
,hree-story brick buildings 2iSx753S2L5X'52 No loZ
BSrflay-st for about 800" purchased Nos 70 and
.iulSOn : TODD.
stone three family nathouses upon the plot al
Charles Reilly has purchased from tho De Forest
estate the block front In Ienoxaye east Sde; De-
tween One-hundred and thirty second and 0ne.h
dred-and- thirty third SITS. with lot adjoining IN
each street. ten lots in all, for immediate I'M
provement
August Jacob the builder. has purchased from
the Rhnelarder estate the plot. 2eNlVDs. on Inc
northeast corner OF Second-ave. and Ninetieth-st
for 5000 and will erect nine ve-story rathouseS
William \. White & Sons have sold for Charles
r. Butler the fivc-s;ory brick store and loft build
ing. S6Xl00x Irregular XO. Nos. 81 ard 3i3 Green
wich-s'.. o Edwin VI. Harrison. FOR $500.
Horace s Ely u Co have closed several Inn
portant sales In the drysCods district, which viii
be announced next week.
Jacob Hirsh and Ciutwillg Brothers have sold
10 Builder Martin johnson the three-stOry dwelling
No. II East SiNteenth-st.. for Improvement.
H. II Bliss has sold for Emil kosmak the three
story dwelling No. 23i West Forty ninth-st. 10
James Donaldson OF the London Theatre. FOR ii-
go. Henry Brash has sold Nos. ll6 and us West
Forty-second-st, on plot 25X9s.9. David Frank
has purchased from Leonard Scott. for about
Sl350s the vacant eastery block front In seventh
ave, between on" -hundre land scYen tecnth and
one hundred and-cghtcenth SIS Il is understood
II Will be again sold 10 builder FOR Improvement.
Henry y. Wnans & May have sold No. 67s
Mad'son-ave. .5x6oX95 FOR about 5000 for Wastou
H. Brown. also. No. e East Ffty-seventh-st., lux
c1xSc fnrN 'ra frit.a