New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-21
REALTY BROKERS BUSY.
BETTER BUSINESS IN THE AUCTION
ROOMS

nook and owners OF property for sale have received
many offers their idea of its valuation Inc
aucton-room sa,es have been better attended ana
on most days ii necessary TO postpone SAFES
f,- ,ack of bidders. An Idea of some OF the NaIues
obtained FOR property at the auction safes may be
had from the sale Thursday by A. H. Muller q
Son OF the full lot No 81 East Thrty-fourtn-s',
which sold for $1,000 A price regarded as ful
figure. The adjoining house OF the same size was
recently in the market for 5000. There we're many
bids made for property last week In the auction
rooms and there was an encouraging amount OF
actual business transacted. At private sale the
transactions confined In greater part to prop
critics OF moderate value. and there were few sales
of any large size announced. The aggregate amount
of money involved at private sales about 5000
OO The sale of vacant lots for Improvement was
the most extensive item IN the weeks business.
BROKERS have perhaps been buster in the last week
with the business which from the spring
renting season than with sales. and although the
May moving movement has been suppanted 10
a great extent by that In october. there has been
enough business to keep real estate men busy Real
estate brokers have not done much actual bust
ress in the closing OF negotiations but they have
been kept exceedingly busy in showing prospective
tenants houses and apartments. The demand for
houses this spring is first rate and the supply Is
good but the bad. The season resembles
that OF the time last year in that the rents DO
not sui; the tenants. In some cases. in order to
keep old tenants. landlords have made a ten per
cent reduction, tIt for the new tenant no such IN
1uCemcnt Is he'd out. MuCn 10 the uSi appointment
Of brokers' and owners there is growing demand
for six months leases. and il looks as ii before
many years leases for houses. apartments ard fiat
houses will al be made out for SIX months. or at
least have six months clause in the lease People
who rent houses in the city vel as people who
own them appear TO want to spend more time in
the country. and they do not to spend money
for rent the city. OF course there Is somthng to
be said against the SIX months lease for it involves
In many cases the expenditure OF considerable
o,5, NO ny ak n N
nished house the elk months lease makes il neces
sarv 10 move twice year and have furniture
stored in the summer. Then there is the trouble
every fall OF looking about for quarters and
various other inconvenience witch make the opera
ton extremely unat;rac;ive The saving OF rent.
however is uppermost IN the mind OF the tenant
and the refusal OF landlords lower rents has
forced him to re:aliate by taking half years lease
Despite high rentals and hard times the srinS
renting season shows improvement: over las: year
and agents Of the big buildings report good de-
,rard for ofice room. The downtown Big building
office -erritors being added RAPID rate. and
there seems 20 be enough business 10 MAKE tho buil
i.ss paying investments. Some of the large Office
buildings are not gold mines. one would naturally
expect in ooHng them. and there are few Of them
which fail 20 run behind expenses AMI the income
from the capital had 1t been invested IN some other
business There is little no change IN the rent.
in the Office buildings.
on account g ;hc Supreme Cour, income TAX le-
cison real estate IS becoming the mos; popular
kind OF investment property and al kinds Of CON
Germs are trying II prove that their incomes are
from real estate. The big Standard OIL Trust has
announced is intention o; fighting the income TAX
because oil comes from a hole in the ground and
therefore the company gets its Income from real
estate Railroad corporations are trying TO prove
that their incomes ought TO BE- exempt because their
tracks run over the ground and therefore are within
the real estate provision j. would be easy 70 trace
by these lines of arguments that every income
comes indirectly directly. from real estate.
bu; Il IS not likely that the internal revenue col
lec,ors Will reach the same conclusions about the
real estate exemption decision The decision, now
ever. has had a good e~ect upon reg, estate bust
ness and while long ago investors began taking
the money which was left % them out OF ruined
railway properties ana putting Il INTO real estate
there has been in no last week better and bigger
inquiry for real estate investments.
SALES IN THE WEEK.
The business in the auction rooms last week IN
VOWED SIS Sc. against $l1sS9l in the same time last
year The principal sales at private transactions
acre as follows:
Msrtn q Brother are The buyers Of the southeast
corner Of Ftth-aVe and tn; iy-:is' ST. ne sac OF
ming less than SiJc'o. was reported ia-t week 80.
East Thirty -tirs;-st ~aS however. erroneolsy IN
Go5irdge does 10, own that parco!.
The linton Dime say!ngs Bank has sold the Ave
!ng:on-aye. ana F.;ty-,hirl.st, for abo1; $50"
r s Ely {: 90. have sold the late Captain Rich
a-isong homestead in Observation-Disclosures
ST. near Pieasant-aYe.. FOR ScS.c'j
gay 10 lanes ees he fogrs'9 Of Hishs's g,
h-:ck ana hrownsione G"elhng 40, y: 49, C ma
hundred sad-foT;y-s!xtE-s;. between convent am
r3 6 sR m G52kF hes s@
hJndred-and- thirteenth-s; Two thtrs-siofy anu -"
W Stevens mas sod No q West Nin,,eth-st..
a three-story dwelling 70 Max Heller on private
s1awson & Hobb. have sod ior the Ciy ReaI
a Est1,s G0 No ss Vest Eighty ninihs ,oe
Ronald MsGDqna IT, s ; 70. "r rsne a~e
INK adjoining the Grand Hotel. No. SO West TnI'-
w H. CHI hsS soii the tour-s,ory dwelling prop
erty, 80. Noun, Mor'is-ave.' 70 J. Bunker ''f
julius Fr.ead has sold FOR Frank A sel'z the
northeast corner Of Spring ana Moos,er - 10 "a
were bought iy Mr.. sei,z February l. 1885, through
'a Wa 51t1T ( lawson have sold another Of their
limestone front town houses At kygr.dg i sFk S Haa
Co n2ye pq5sh2 Wei '9s ,?rns PF
threc-story brO"nstone dwell
ings for $500. from John b. Cole ,,
nS9ad snIta FOUR Of the eight lots recently ,pur,
chased from Freund Brothers In ne south sde OK
Mr livingston vim Improve the others By the
erection Of four iye1s'oFy Dr'cN ana "''"e
The buIlding 10 rs Maliscn-sve.. recently pur-
so 20 viii not be built upon by the Hawk & We;her-
bee new Motel syndicate THIS purchase Is mae 10
Hoffman Brothers and J. y. HALEY nave 500 ne
modern geven-story brick building. nos @tS ana @.o
Vashington-st and 40. - Bcach-at - ne puT-
charer is a investor who paid about D'iV"'
cONvEYANCEs AND MORTGAGES
The following tabs shows the number OK con-
veyances mortgages and projected buildings for
las; week, and FOR the same week In 1874;
COEVEYANCT.S.
1894 1895
April 1918 April y IS.
inclusive inclusive
49,, ,.An- 80 $50
Amount Involved ~ ZI9'$' fT"''''''-'