New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-24
LARGE DEMAND FOR REALTY.
TRANSACTIONS CONTINUE TO INCREASE
THROUGHOUT THE CITY.
THE SPRING RENTING sEASoN-AClNiii A"0''
HousE-HUNTERs- AND
MOCTGAGES

Transactions in the real estate market continued
an fo;r,v large scale last week There was good
demand in all parts of the city for residence piop
ertv The amount OF money involved III "'e
ported sales through brokers oinces WAS a'out 81
5OoOoD but with the sales which were maze anu nv
publicly announced the total was near S4V'''vv
Some Of the transactions represented trades pu'
rnost ~ the sales were done on a bona fde cash
basis The end of the building trades strike was
one of the bright features Of the week. ana aho'"e'
big increase in the building movement hepe' ~
give the market an air of life and buoyahcy' III
the week there an increase In the huiipe' VI
plans flied for new buildings Of twenty-sM over "'e
Same week last year and increase OF Zooooo III
the amount of money involved for their construction
The spring renting season IS no" iaIriy uNN
way, and agents report big defnahu ioi i
and apartments. As rule there will be no chanse
I'm rentals this year. This is most unfortunate anu
will have a serious effect upon the renting season.
In some localities rents will be raised. and whenever
reductions made II Is in out-ot-da'e houses an"
even In them the concessions are slight Desp'e u'e
fact that landlords will not make CONCESSIONS III
their rents brokers expect to do a better business
this spring than last fall. because they think money
Is easier and that people have recuperated SUFFICIENT
~ from their financial reverses to make no ouJe'
ton to high rentals. The season no doubt VIII De
better than last fall, but agents and owhers VIII
find that in houses and apartments for people OF
moderate means there will be a falling on IN the
erty which is in large demand, but greater part o.
1t will remain idle unless rents are lowered
CONDITIONS IN BROOKLYN
Rrookvn real estate men are congratulating them
selves upon their business just now, and they are
highly in favor of high rents in New-iork Last
fall there many people who gave up ther
homes in New-York and went to the city or cheaper
rents across the Bridge and this spring there VIII
be similar movement
The demand this spring for places TO live IN is
greater than usual account OF the vast increase
in the building movement. Plans for new buildings
have made II necessary to tear down OLD DuldhlSS
all over the city and at present this work OF DEM
clifton IS going at rate which has forced people
Of every class TO seek new habitations The tearing
down Of residence houses. which are TO be replaced
by business structures. is causing a big expansion
OF the city toward the north. and the demand LOT
places 10 live in uptown is large. The downtown
business district getting It's northern limit further
uptown every year. Fortunately for the people who
live away uptown. and the people who Will have 10
60 there or later. there is reasonable
prospect for good rapid transit facilities. Investors
and spectators have recently had their attention
called TO the Harlem territory on account or the
coming opening of the Harlem Ship Canal This Is
being used with good effect 10 Increase values
Property-oNners in lower Fifth-ave. are interested
In the effort OF the Metropolitan Traction Company
to secure that horoughfare south OF Twenty-thifd-
st. for a cable road TO connect with the LeXing-
ton-ave route 1t is reported that already the
consent OF the majority of the property mas
been secured, and also signatures to petition 10
the Legislature asking for the exemption OF that
part of Fffth-ave. from the operation OF the act
which has heretofore prevented Its Invasion ny
street railways. Fifth-ave south Of Twenty-third-
ST.. is rapidly becoming business street. ana so II
appears that objections to street railway there
will be comparatively few. The plans for the NAM
moth drygoods house OF the Chicago firm which
bought the entire block between Eighteenth and
Nineteenth sts in Sxth-ave. will be filed With the
Building Department in a few weeks. 1t was re-
Gently announced that the southeast corner OF
Fffth-ave and Eighteenth-st. owned by the Mar
shall O. Roberts estate. would be sold for business
purpose. From Twenty-third to Fourteenth ST.
Fffth-ave. is made up Of business houses almost
trely. The only thing which prevents the property
In Ffth-ave. south of Fourteenth-st, from being
converted for business purposes Is the tenacy
with which the old families in that part OF the street
hold on TO their places. For one corner in Fifth
ave. below Fourteenth-st, recently an offer OF
100000 made. but it was refused Owners and
prospective owners and investors and spectators
are paying particular attention to West Fourteenth
st. at present on account Of the new buildings
which are going I'D there and the desirabty OF
that part Of the for business. High values are
ruling on property in Fourteenth-st.
BUSINESS IN THE WEEK.
The amount Of money involved in real estate
transactions in the auction rooms last week was
$685. against s32S6l9 in the same time last year.
The principal sales through brokers' Offices were
the following:
northeast corner of One-hundred-and-e Gig hth-st
TO the builder. John Yule, who will erect two five
fItzsmmOns & Smith brokers. have sold for David
O'Bren the four,story brownstone high-stoop Pri-
xate dwelling at No. ia East '0'
property No 100 East Thirty -ninth-st. for Mrs
Seton & Wissmann have sold the four;story
brownstone dwelling property No. IS West Thirty
e,ghth;:sst for the estate of Dr. j. r. Leaning for
i is reported that the old Brewer House prop,
CONFERRED into tweive-story steefram hreproof
building, and TO- be arranged for stores lofts and
Of Ae d pans and on Ss Will
the work of reinforcement of the site.
Essex and
Sixy-frst-st.. five stories in height. with stores;
plot 100 feet square, for sum between S2Oo.VO
Adrian il. Muller & Son have sold for Henry s;E
stoop house No. IL Irving Place northeast corner
OF william E Finn has r sold No go to 2i West
e,hundredand- twenty fourth-st. three four-story
brick lighthouses, TO Edward Murphy for about
j. W. Mudgett has bought for a client No. 100 West
slxteth-st. tive,story tenement-house' for s2ieo
for Ha HS Mtr nas fSS
basement dwelling to Daniel chds for abOu,
basement brownstone hgh7stoop dwelling No 1870
West Seventeth-st. for about sS.0o, and the sim
ST., for about $1,000
James Brown Lord has sold to j. Beaver Webb.
the yacht designer. No n Park-ave, four-story
marble residence. for $4,000
The Thurlow Weed estate has sold TO the First
Presbyterian Church No. IL West Twelfth-st. a
four-story English basement dwelling, for about
$4,000. 1t is understood the property will be used
as a parsonage.
Stabler & Smith have sold for Mr.. Doyle to Mr.
Maywald. the fve-story single fathouse. 20x60x1 20.
No. H4 West One hundred-and-th for about
1880
William E Finn has sold No. 2ss West sxty-hrst-
ST.. a fve-story double tenement house, 10 Henry
Tonyan.
William II. Plcken has sold +. J. Stanton the
three-story and basement dwelling property
No. 2i5 West One-hundred and twelfhst.. for s16.-
600
The Hudson Realty Company has sold to Gut
thors tho mr. h1raS o. az