New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-16
REAL ESTATE.
xJ-sINEss IN THE FIELD.


The week Just closed has contributed little TO re-
ueye the monotony OF the dulness OF the preceding
fortnight in the real estate market The only trans
action OF the transfer OF the ola GEAR
Ing House property at the northwest corner OF fhe
and Nassau SITS. While 1t is unquestionaoie tna'
more activity than usual has prevailed during the
summer just closed compared with the last two
wears there have been circumstances which com
bned to draw attention from even so substantial
thing as real estate. The period OF inactivity IL Is
thought, has about closed The real estate market
is affected by what goes on in Wall street eN-
cent under conditions like those which have pre-
vailed there within the last few days. 1t Is not 10
be wondered at that while stock operators are be-
coming winded In the race TO keep up with the nuc-
tuat,ons In the price the woud-be investor should
pause long enough to watch the proceedings ana
hold his breath sufficiently long TO see what the
issue Is likely to be.
But though there is not feeling OF positive IN
difference on the part OF real estate investors as to
the shifting Of prices OF stocks and the expectations
OF gold. the recent sale by the Clearing House AS
ISOLATION 10 a member OF one or the largest DanN-
ing firms In the country at such high valuation IS
evidence that the elatonshp between the stock and
the real estate markets is not conspicuous.y mt
mate.
There s doubt that the attention OF real estate
investors will during the coming season OF sa.es
and transfers be largely attracted TO the section
surrounding and extending ENTHUSIASTICALLY from
section during the last week and talked with a
number OF real estate men directly interested in
that section. II is evident TO any one who may
take the time to travel over this territory that
around the square Itself but along the Boulevard n
beyond Fifty-nnth-st. as well as Broadway below
travelling over this route, to figure the possible
values OF property extending northward along
AUDITING upon this great avenue OF communication
between the centre of the city and the extreme
1yyeS he
blacksmith shops: launiries. Cheap John clothing
OF course I'll thr must be changed, and within
short time The disabilities that exist for creating
surely be apparent. The desire exists on the part
ordinance should be adopted providing for restric-
tons with sesPect to the quality ga ana a IN
Gently:
and Fifty ninth-st entrance TO Central Park in the
midst OF which stands the graceful and unique Co
iasaue Wsst sde real esae en and residents Of
that locality who have recently conversed upon the
can be aroused, to secure some municipal action
whereby the improvements upon the borders OF this
the symmetrical plans Of the city convergng at this
point. Il 10 he'd that sufficient attention is given
the fact that every foot OF ground surrounding the
Eghth-ave. Plaza is stll capable Of permanent i'm
at Fifty. ninth-st and Fif,h-ave which is already
nsns an @ on the west By the compact Plaza
Hotel. and the by the Savoy. the Hotel
portunty is still afforded the city regulate the
construction of buildings around the Columbus
monument as 10 add dignity 10 this gateway alike
10 the Park and to the expansive and magnificent
new city lying to , the northwest St.. ,
g. zoo go For the previous wesx the total amounted
G Couple Of ds Su Se afy %s
rarely gratifying The sales for the week aggre-
gated the OF $4,000 against the corresponding
$3.50.
In Brooklyn the result OF the auction sales during
last week S7.T42 as compared with 1914 for
the corresponding week Of 1891 Conveyances to
were recorded expressed consideration II
s2.3777+5. For the corresponding week of last year
lsl transfers, OF which 81 were nominal, were filed
the amount involved being sl.iOo2s5
The conveyances in the Twenty-third and Twenty
fourth wards numbered forty fve. of which twenty
were nominal They were recorded al an EXPRESSED
consideration OF $3.50 arainst thirty-siX convey
ances representing s7l.224 for the corresponding
period OF 1874. The mortgage figures show there
of these nnety-six representing s6ls.5S Tere made
a rate exceeding per cent interest while nireiy
mortgages representing sls7l 222 were az per cent
cured at a less rate than 5 per cent
There were filed in the Building Department
thirty-nne plans for new buildings at an estimated
cost of ssOi,3oo, while for the corresponding week
az last year there were recorded twenty-nne plans
at estimated cost OF s54.ho -
ling a four-story and cellar building &C feet front
by $50 feet deep to be erected on the northwest cor
ner OF One Observation-Disclosures. and Third-aye..
ling ~ Mr. Davies for fifteen years. 10 Lyons 4
Cheto leading drygoods concern above the
bridg. or me purposes OF their business o.,,...
. estate to ]. T Cox No. "A East Ffty-seventh-st.
a four-sory brown stone dwelling. 1sXloo for some
thing less than $4,000