New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-06
THE MARKET STILL ACTIVE.
rvco1-RAG1NG SIGNS FOR THE NEW
YEAR.
,,r.,-t,cs,rv rop REELECTION IN THE RENTALS FOR
HOUSES AND NEUTRALITY-SUSPICIOUS.
TIoNs OF THE WEEK.

,,,crss,1v FOR REDUCTION IN THE RENTALS FOR
uo,.srs AND APARTMENTs-TRANsAc-
rIoNs OF THE WEEK.
The reports of real estate trsEsactiohs !" inc "'
,eok show that the activity OF December Is 10 ne
continued in January. and they Indicate mus, g"
couragine business for he new year. - ,a's
-, ~ business was done through brokers ohces
In tho five working days Of the week. ana some VI
The negotiations which were under way e" az
exceIIent idea Of the rapid increase III value " ''
and the fine opportunities there are io' peo
-, 1, For instance the Metropolitan Hotter at
broadway and Prince-st. when was ooush' ~
III n uavemever two weeks ago. was put III inc
market again. and 10000 In advance Vi ."e r"
chase price 81. 600 900. was offered io' It, INC
~ the building to Hidreth e. Allen mas some ''i'e
-. rim hut as the hotel has not proved pronl-
~ .' ,nras,ment Il IL believed that the lease will
soon be surrendered. and the buiidihg VIII oe IT,
nlaced by modern business structures
The largest sale Of downtown business pioPe'"
last week was that OF the old fiera'n p "a n,
broadway and Ann-st, for about S'""o'' Inc
brokers in the transaction were iIcha'u v '"'".'
& Co The name OF the buyer has not pee" siNe" o"'.
but It IL said that H. O. Havtmeyer was "''e,eseu
4, I, Rusiness property IS In active demand JUST
now and the amount which Is IN the "a'he' uoe'
not seem to equal the demand. vacant 'o.A anu
houses have had fair sale. but there mas peen
slight falling off in the inquiry Tor ha''ouses anu
tenement-houses
IN A BETTER CONDITION.
From the table OF conveyances' mortgages ana
rroiected buildings printed In another place IL VIII
p1 49,. ,he market for real estate Is In n bet
,o- condition than It was this time last year. ana
the figures indicate an Improvement J." MI "ep"''
ments OF the real estate bns'h'Ss '"' " "
money involved in conveyarces last "ceh was
s4s9s O45 against S3.6sI0n In the same wen '"''
,.,r There was ar Increase in the outlay oi money
,ho came week last year. These hgures snow a
healthy increase In the realty operations, ana 'hey
nroclan the stability Of the real estate business III
Tho times Of distress such have been Witnessed
IN the last year The real estate orokers III t"''
o,,y have done a comfortable business IN the iast
,ar desplte the Sdvcrse conditions OF the genera
financial situation and they are looking FORWARD 10
large profits on their sprIne business
The time has now come for proKers 10 po"'' o"'
% the owners Of property the necessity OF making
reductions in their rents for leases made out IN 'he
,-,,y The discouraging feature OF the real estate
market in 1894 was the great number OF vacant
houses and apartment houses. caused ny eNo'D'-
tant rentals IT, brokers wish To decrease 'he mum
ber ~ "To Let" notices on their books they "o"'l
better have confidential talks with the owners
about rent concessions
THEY WANT THE BILL. PASSED.
7, ,s 10 be hoped that the bill prepared ny we
poal Estate Exchange requiring that legal sales In
49,, it,. ,,Le nlace al the Real Estate Exchange
u,l moe, better fate than the one introduced at
Albany last winter. The attention Of the 'han,per
~ Commerce has been called to the ne" Dill anu ~
tho asst meeting 81 that body the bill was t''er'e"
10 the Committee Municipal Refofm. l"'te j.
- d,rh, tina, tho Chamber 81 Commerce VIII in
dorse H. and there ought TO he no question A"o"'
rs meeting approval IN the legislature inc h'e'
sc ~ real .sta,c tn this city VII be best served
= :he Real Estate Exchange i mad" me ""'c'''
auc,ion-room for legal sales. ara ~" rn'j'f'S ~
real estate men are 10 favor 81 70" 'hh'h"' ~
,.f Gales were given 20 ;hc auct1n-room a. No.
III broadway A. the request ~ Richara 'r'H-' ~
oral wears ago and they have not COMMANDER me
attention ,hey would had they been handled ly ne
renresen,a,lve real estate exchange OF the ely.
the auction rnarkc, for real estate was fuH. ana
only a few foreclosure sales were made Inc
,,,oun, Of money involved was N'O7h. against
~, 30 IN the same week year ago ne loi'"'"R
were the principal sa.es at private Transaction III
the week:
Rlchard V Harnett & co have sold Tor james
Gordon Benne,, the old Herald" Building. at Broad
way and Ann-st.. for a sum said 10 be ",'.'
short Of SlODp0. The hve-siory marD'e ii'ht o-''
Ing has long been a landmark. and covers pro,
g, in TWO lines in Broadway So In Ann-st' -
f., tho rear and 100 on the south side The property
has hecn on the market for some time. or since
before the removal Of "The Herald" TO The ne"
uptown quarters OF the paper. An INJURY ma ,f,
fiona; Information. They admitted. ho"ever ne
c,osing Of the sale. The buyer may prove to be
The piot 2sx7s with old buildings. Nos ia and
ll6 springst. near Mercer reported soIi az MIeN
for about 500 has since then leen reso.d t"l,r-
Jacob Ulrsh and Gutwlllig Bros have bought thc
property at a considerable advance ihrough .hatles
i iIarre. a. buchanan and disposed or IL al iur-
iner advance 20 Charles l.. Harrel!. oi that hfm'
who Will erect a seven-stOry mercantile buiillhs
q Il C;regor a. Son have sold for Sophn X {.
Furnlss the plot 100 lx2ro al the northwest corner
81 IVES; End-ave and One-hundred-a land -thrd-si..
10 Bu!llers Gibln & Taylor. for improvement. AT
about sl5.6s . ,. -
No 676 Madison-ave. foIr,story brownsione
dwelllug lot 2sx53x95 sold by Charles Dortlc
for So 600. 1t purchased in 1863 for 1bO" and
George l.. Lawrence is reported az having cold
the plot 5IxlOO. on Central Park West. iC22 feet
north OF Seventy -iifth-st.. at about SOpp.
Mrs Ellen Daniels has sold 20 Rudolph Elnger
a 0ve-story fathouse. 20SSxlOD. at NO. ~ East
One -hund red a nd wentieth-st at sl9JO.
Nandelbaum Levine have sold TO {. Wallace
the southwest corner Of Roosevelt and Front SITS.
a sx-s,ory brick building with store. S2H6i for
about $3.50.
CONVEYANCES AND MORTGAGES
The following table shows the number OF con-
yeyances mortgages and projected buildings for last
week and for the same week year ago.
COSVTYA\CES