New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-02
REAL ESTATE.
BUSINESS IN THE FIELD

The same want OF activity which prevailed in
August in the real estate market continued during
the last week, but In no respect has there been a
Welding of confidence to the future In every
instance where sales have been effected prices have
been maintained and the inquiries for new proper
ties which have been multiplied within the last
fortnight. give real estate agents much encourage
rnent with respect 10 the fall trade
There have been no large transactions during the
last week either at private auction sales Sum
n,er tourists are returning from Europe and with
IN the month which opens to-day there will be
gradual influx or traders many of whose orders
are already in the hands of agents Much has been
written in the bear interest with respect to real
estate during the past few months but nothing has
justified the opinions heedessly expressed that New
Yorks real estate was in any danger OF collapse
IN value. The easy money market the bounding
stock market the swelling crop reports. all
having their erect upon the investor whose funds
are lying quietly In bank vaults for safe keeping.
The dealers in stocks and bonds In Wall Street are
receiving large orders constantly from entirely
sources, and real estate dealers receip; OF
letters OF inquiry for property in good localities.
business and residential TO degree that has
characterized the business OF any summer month
within the last five years
The Tribune interviews. published from day
day during the last thirty days. continue to be in
terestng reflections OF men who are directly as
soclaeG ~'sn seaH vaiues IN the cry commence
Evidences OF a revival Of interest in the real
estate market nave DcSun 10 appear. Inc sales al
private contract last week show an advance o.
about $4,000 the preceding week. which
small volume. but for the week ending August
l6 the comparisons of sales are about the same In
the aggregate
For last week the amount realized at private con-
tract aggregated the sum of $4,000 against $4,000
August 1884 the private sales aggregated s9Z4s5O.
and for each OF the succeeding months OF the year
beginning with September /. 1894. the aggregate
sales were large in amount OF money invested
The auction sales aggregated in value last week
the Of s27l.Sio against s69,S75 for the cor
responding week of 1894.
In Brooklyn the auction sales for last week real
lied the sum of $75.s0j compared with &O.S15 for
the corresponding week OF last year
The total cOnVeyances of last week recorded were
49, OF which l09 nominal. the remainder be-
nc represented by Sl.42o,070 while for the cor
berci l2S of which sixty-two Were nominal the
others representing Investment of N,H2Ol2
There were l9l mortgages last week. inVoIvng
g SO g3S AGAINST the showing OF the correspondents
week of last year. which l5l loans, representing
81 coo 2O9 For two-thirds Of this borrowed money
PEI cent over was paid. and Tor the baiahce VI
the money q less rate was eXacted
The total conveyances of last week ir the Iwell-
tv-third and Twenty fourth wards, including the
new annexed district numbered nifty three trans
fers Of which twenty-eght were nominal the others
showing total investment OF $500 -.
There were Ned in the Building department last
week thriy-eight plans for new buildings 10 cost
KISS OGO in the same week of last year - ,
Frederick Souhack CO have rented the S seSora
& Rorck necktie house at $500 year, ana the
fourth loft of the same building TO Max b. Bronner
at $3.50, both fye-year leases ,.oa ,ofts I, the
same building Nos. 707-709 Broadway. TO > ).
Nathan Son & Co. and 1. Lppman & sons CON IN
ing manufacturers for total rental OF slovU, iva
i've Years Another tenant for five years VII De
csorce Iege flowers and millinery. at SlerV
year With these last leases the entire nun5 i Of
ieen disposed OF five years for gross reHtai %
"a 90 per year The building will be READY lot &C.
cupancy in January.