New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-15
TWO BIG TRANSACTIONS.
rrAr1,REs OF THE WEEKS REAL ESTATE
MARKET.
rur SALE OF THE CLEARING HOUSE BUILDING

rs. ..,s ~ the Clearing House Association buiio-
,.s and plot at Pine and Nassau SITS. for wow"
- ~ the Old Scotch Presbyterian Church prop
~ on Fourteenth and Fifteenth sts'' Just
81, s,xth-ave for s32s. 900 alone prevented ias'
- relapse into midsummer duness III real
.,.,. transactions The interest IN the Sao"'
49,. md the prevalence OF hot and humid weather
.omh,ned to bring about the reaction Inc invest
n,,s for the week footed up N,7o,W
The Clearing House property, which was so,a
-. Tho association by George r. Read to Dohaio
W.ckay consists OF hve-story stone-front s'ruc'-
NC "a Mot ss7xS3xs7lxSo5 The price is large
an. hut the building has fine frontage OH TWO
known streets In the heart OF the busiest part
=, the city The number Of square feet IN the plot
e $50 and the rate per foot S& Inc ra'e mas
Zen exceeded only twice in the history OF New
worry realty sales First. in April 49, IN the SAFE
., s0s square feet comprising the southwest cor
var OF Wall and Broad sts at the rate OF $50 ~
.ra second. In the purchase on November a. 1885.
-, ,ha American Surety Company OF the southeast
corner OF Broadway and Pine-st, l.iH feet' al
Es, ST. 10 .o,a - O
.vnd,cate OF Boston capitalists for Improvement
the Old Scotch Presby terian Church properly no.
"a N 81 West Fourteenth-st. and NOS o. ana !"
West Fifteenth-st. 1t comprises pio' oesh''"s
an the former street 125 feet east OF Sixtn-aVe''
-,xanSs running through to Ffteenth-st, XooxloS'3x
rxloss with an old church in Fourteenth-s' ana
a schoolhouse in the rear. Mr. Straus retains LOT
Macy Co.'S an annex the four-story stoie
and lot 24xl0sS No. 50. adjoining on the west
,,hich was included in the original purchase from
tho trustees OF the Scotch Presbyterian Church.
Tho entire property was conveyed on November l,
,sq2 bv the trustees TO ex-Mayor Hugh j. Grant
for $1,000 and Immediately reconveyed by MIN
"a Mr. Straus The latter deed was not recorded
however until late In the same month. The price
has always been regarded as full value, but IL is
.,ts the purchasers have agreed TO pay at rate
considerably larger. The old church Will cease 10
he an annex OF the Macy establishment on Mon
dav when the bicycle department now occupying
I, will be removed to the former Hotel de Logerot
sarden in Eighteenth-st. west OF Fffth-ave w. W.
Tbompson was the broker in the transaction
REALTY UPTOWN.
1-ptown real estate Interests continue active
sne,,a; sign Of this may be found in the fact that
ps,er = Never & Co will sell on Thursday. Sep
,e,,her 2s at the New-York Rea; Estate Salesroom.
nv order OF the Farmers Loan and Trust Company,
executor and trustee. the Bathgate estate, prop
ertv OF the ate Charles h. Beck 1t comprises 10
choice lots in Third. Washington, Bathgate. W en-
dover and Futon av-s. and OBSERVATION-DISCLOSURES
enty-hrst and second sts'
IN the Twenty fourth Ward. just west OF Crotona
Park Fifty per cent of the money may remain
on mortgage for one or years at per cent In
,arss, and titles will be guaranteed by the Lawyers
Title Insurance Company free OF charge inns sac
will offer good opportunity 10 those VINO WISH 10
acquire sterling property in the upper portion OF
New-York City. The attractiveness of real estate
I'm this part OF the metropolis is becoming greater
every year and there is little question that IN
yestments made now will We'd handsome pronts IN
a few years The ,ots in question are exceptionally
well located as regards access oility, being within
a block OF the Harlem Railroad Station and also
readily reached by the Third-ave. electric line
Washington-ave II is said. Will also soon be uuhzed
FOR an additional trolley road. which WILL OF course
add largely to the future va.ue of the lots the
property can also be reached by Second or Ihird
ave. eevatcd roads for single fare
Offerings OF this invesn mt property Will mark
the opening Of the fall season al the Broadway
ga es-oom Bryan l.. Kennedy will offer on We'd
nesiay September IS, at No. III Broadway. several
eams1ss ? NSs g 81 RioOs s5s and @
seven-story building. suitable for warehouse or
West Fifteenth-st. three-story basement and
attic BRICK dwelling, lot lSsXs$; and Nos % and >,
with TWO well rented. size OF lot S'xlol-
irregular ,.-,,.. 10000 .,.o so,a -,
No. II Ess; One-hundred-an -sixteenth-st. TO the
2ih ms. and SMITH & Ryan adjourned until Octo-
and-seventeenth-st. on Wednesday j. L. Wells adj
journed without date partition sac Of properly on
Ludlow & Co withdrew. bid of $4,000. PLOT
OF three lots the north side OF One-hundred-and-
had the honor Of being the inita. voluntary orer-
ing OF the fal. season OF 1895 On THURSDAY me
letined was one by Sinyth & Ryan, OF the property
of the Fifth Avenue Transportation Company
0imed). to October g.
The satisfaction pieces fled at the Registers
Office from August q to % inclusive sh9" that the
days was G.s29,277 Mortgage tables published on
August 81 show that the new Indebtedness In
CURED during the same period was S.ooo.2S
THE Record and Guide" has addressed a circular
letter to the building material trades asking for
Bae s 0 pr ntegen nee RhcR viii supply daily in
formation OF all prospective building operations as
architects 10 formulate plans II VIII furnish IN
formation on the status OF all building operations
in every building; will keep list OF names ana ad-
dresses Of owners architects and chief contractors
and Will all pertinent questions pertaining TO
the trades.
CHIEF TRANSACTIONS OF THE WEEK.
Following are the principal real estate transac-
tons for the week closed yesterday:
Brooke & Georcer Of No. "A West Thirty-fourth-
81. have been selected the agents for the new
Santa Anita apartment-housc at Nos. l22 and ia
East Thirty-fourth-st Last May Brooke Georger
negotiated exchange OF the site covered by the
Santa Anita for the Carrollton apartment-house at
Madison-aye: and Seventy ,eighth,st. - ,...,....
Joseph Oatman has sold for James 4. Cowdery
y, se touT-sory stone front dw we I'm HSsSxoS No.
front residence LOT YS No y West Us
Levine 10 H. Baum at about sS 80 s9 the 90 three
nons 01 the purchase S0 Of Which BY the sellers for
1900 was reported last week
allred Duane Peil Is the purchaser OF TWO OF the
large parcels recently sold They are the northeast
corner OF Broome and Mercer sts. sold by John T.
Williams. for about $4,000. and the southwest
corner of Fifth-ave. and Eighteenth-st., sold by
Henry Corn. for about 100000.
Hall J. How e. Co. have sold for Abraham Bern
hener lot. 25xl022 on the south side OF Eighty
ffth-st. $50 feet of West End-ave.. TO Edward
J. DeCoppet. who will erect a house thereon Mr..
DeCoppet some time ago contracted to buy lot on
West Eighty second-st. for the same purpose. but
the title having been found faulty. the sale was not
consummated.
Barnett e. Co have sold for Henry Schmidt No.
8 East Ninety fourth-st, fve-story double fiat
house. 25.3x90xlOOS, for SIS, 900.
Z. b. Ii. Myers has sold for Henry F. Cook the
new four-story dwelling No. 80 West Seventy
secOnd-st. with lot 25xl022
l.. ID. Bahlul has sold for Thomas r. Manners
the three-story dwelling. with lot 1SxlOos No 2oS
West Eighty eighth-st., for SIS. 100 an advance OF
$50 the price at which II had, been bought under
foreclosure, and has resold same TO Mrs Mary
Reckham for about 81 900. -