New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-13
REAL ESTATE.
pr-sINESS IN THE FIELD.

r. oo,,yitv I'm share speculation J." ."e 49,.
Co., rxcbanges last week overshado"eu "','
everv other kind OF business. Inc iao' a o,rest
:. 80 r,on,v and that 1t is pouring into va" % ,s
- 800 = volume. and the additional iac' '
,,s ore buvng American securities ~.
VOC Nth avidity afford evidences tha' p,o.p -
:. returning Meanwhile real estate "" 90
little sluggish. but II Is know" '"'
MANY large transactions pendihs' o-.,, ~
,rbaro "a considerable interest in the proper.
,,, ru,,,,. church, at Madison-ave ana rory
soonr1s, The closing OF these TRANSACTIONS "'.'
nrohah lv he an index to volume OF o'nei u 49,.
/ lions in that locality. There Is no uou ,uI
soctIon near to the Grand Centrai s'a''o'
soon mass through grea' trahsior'""'o'' n.r
co,od IN The Tribune the other day. the pr'oe ~
- g., attaching to the pending sale OF '"'
ooor,,, mentioned Is regarded in real estate
circles as falling somewhat short OF reai ~ -,
values Of land in that LOCALITY. but II ''" -,
borne in mind that the structure OH '' o.
costly. and would be available Tor no OUNCE
than tho5, Cor which II was constructed a
Once moro the estate OF the late fara" So
T., co,,,rg into notice The death OF Mrs stevens
about n month ago temporarily interfered WIZ" ','
closing of a great business transaction "n'0'' on.
had conducted almost wholly on h'r own ie'P
bility as to the future OF the victoria Io'e
Fifthave. and Twenty-seventh-st. 1t Is now staten
,,,a,,,.o,,, tho, the heirs are likely to approve
., ,bc MANS of Mrs Stevens. The same persons
with whom Mrs. Stevens dealt are Hkeiy u oe
~ ,ho ,.ossessors of a leasehold OF this property
for mercantile purposes. 1t is understood. ho"e'.,'
that the terms made by Mrs. stevens VIII w '''o'
fled in n manner and scale when VIII pr
a,oo ,orror returns than would have been possiDie
had the original provisions OF the agreement oee'
confirmed AS has been previously nen'o"
The Tribune. some OF the property coi' o ~
Mrs Stevens was practically Vai"eiess, ~ 80 -
the return OF revenue was concerned Inc wv
table evidences OF this the properties a' .,''
~
., and a, the southeast corner OF Flfth-aVe. anu
Forty-third-st.. directly north OF the lemp'e H''
Fl II Is said to be the intention OF ',ose '
ling the affairs of the estate TO make aira'se
ments Immediately for the improvement vi '"e,,
two valuable sites and in such way as 10 aua
,.,uo ia all adjacent property. IL is not intended
IN soil the ground but TO provide for It's improve
ment on leasehold rights. There Is so H.''e p,op
erty below Twenty-sixth-st that can De e''n''
leased on ground rent terms or purcnaset ' ,Id ~
yrstors who are keeping ABREAST win the tue "a
innrovemcn, are eager to secure refusals on al
most any plot below Forty-second,s -, ,r,,,a,o
There was a change in the Noiuilc VI ~ w.. ,
sales in tn, real estate market during me las, weh
contrasea wn some Tr 'H Week involved about
81 y01sp which Indicates shrinkagc OF sl,-ooso as
SSmpSrrd Th p rns ACTIVITY viii be recorded be-
fore tho close OF this weeks transactions. 49,,
mortgages for last week record much smaller
volume OF business as compared win IN" pnar"n
however with the corresponding week OF last year
the aggregate business shows an advance this !es'
last OF fl91lt"2 In conVeyahees' anu o' s'-'''
The total convcyanccs OF last week recorded were
2Ss OF which l31 were nominal the remainder being
represented by s99 ~, while for The correspond,
Ing week oi 1884, the transfers numbered 90 ol
which i9} were nominal the others representing an
Investment of S@2.l25 ... ,,
In the Twcniy-third and Twenty fourth waris
there were - transfers Of which 80 "ere nomlnaIi.
M, others showing "A total investment OF s%.0J
There were sS6 mortgages last week involving
&g6;oG aealns, the showing Of The corresponding
Ing Ss3lo2 The average rate OF Interest was
sh GeoYS per- Syn. 80 y y borrowed at
less rate than per- cent. per nnnIn Lao,
i o HAN" '' for 81. new budings represening
s, S55 go against - now structures to cost S3,6lG
Charles Martin has sold for C. Plock No a2o
West Nlght,enth-st. a hve-s'ory house. -5Ns2 for
charles niauyet has sold TO Anarsw nIase lot 10.
which apartment house VIII be erected.
Francis cra%oTt has pprsnased four h lots in the
from The Jacobs estate for ahput sii"1 .,
The auction sales FOR hc GEEK ending May II
sp '.'T week o. is,s Of so:
In ookya the nar'o" s for the wsef S Sqd
i ihs cory i week Of iSs. Of si77ss
ana On p5 Sgs fes, hsv been sod
to an investor. who Will alter both buildings FOR
George 'Ehfct is enid to, have bought Of Morris
Klaeer the two;s,oTy apa basement "a, prick dws
nd-twenty -fourth-s. for 500 and of Mrs. Sarah
A. and John d. clark. No i29 Il similar house and
lot. 9sxltDll feet for t2..Jl About seven years
ago the former cost 5000 and the latter was sold
in 1870 for 500. In March. lss2. Mr.. Ehret pur.
chased the adjoining property. No. l3l 10 l&D West
One-hundred- and-twenty- fourth.st. together with
No. 22 to 80 West hundred and -ffth-st
paying for the property $4,000. lie IS now the
owner OF plot extending through and having
frontage each street OF 100 feet
\ meeting Will be- held Of the West End Cub In
their present clubhouse. No iSi West Seventy
seconl-st.. Wednesday evening II vote on re-
port that will be submitted by the Executive Com
mittce. advising the purchase for clubhouse site
Of plot lO2 2X6D feet. owned by Charles T Barney
on the northwest corner Of Central Park West and
Seventy -ifth-st. The purchase has practically been
aGreeI 20 by the committee with the understand
which viii be incurred In building suitable founda-
ton
Tho property known as the Metropolitan Mission
Hall formerly the Scotch preSDy terrain Church. In
Fourieenih-sf. north side. 10 feet east OF Sixth
ave recently purchased by Nathan Siraus. OF T. III.
Macy q CO.. Will hc improved by the erection OF
large mercantile building. II Will probably be oc-
cnp!ci 10y r. II Macy CO. -.
jefferson VI. Levy. who purchased the oil Del
monicO building Brol!-st. few months ago,
hrs purchased through + \. Crukshank Co..
% Hrold-st.. adjoining On the north and next to
the Western Union cable building This gives Mr..
Levy plot extending through 10 Newest. of which
Tho frontage In iroad-s. - i9l feet ana IN New
% feet. Ills recent purchase contains about
L12l square feet. AMI the price paid is understood
- be In the neighborhood ~ 500 square foot
There has been transfer " this property since
lS2N when the present building on the ground was
sold FOR $500
REAL ESTATE TRANSFERS
35ih-st 100 It Of 2dave. 25N9N"; Bridget .
Murphy Mary O'ponn"N ..-............... VI
Nnh ~ y s. loo n - ~ West Fnd-aye iGxio,s.
Frank /. Smith and "lfe To Henry T. Stevens.
nl.a.lr ftt4I and Ia Fll ltt' lsn.