New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-13
BUsY WEEK IN REALTY.
,.,ev TRANSACTIONS BROUGHT TO A
CLOSE.
~ WITH AVENUE PROPERTY
SAFES or UPTOWN REAL HsTATE-''N-
v,xe-Es AND MORTGAGES.

coCras". Of New-YorI; realty. Large deals
de'ci0a and in instance negotiations were
were ~ rhich invoked the iarges' real estate
ccn'pe ..o, eyer made in this city through brokers'
The tYad.ns in real estate showed the rapid
ONCE 4, vsiues in the last few years In Amos;
;neIe =. The city and the extreme activity OF the
oil - n,arke; as compared with other markets
I'' .so.e dull ani depressed times. The sale OF
l" s,,., nrorertes in Fifth-ave. TO a Chicago dry
g. bouse has started a speculative movement
rSf,h-ave real estate. and reports from
.,.ors who maxi specially of Fifth-ave property
~, .ra, the inquiry for realty in this thorough
.ara ,s unprecedentelly large. The march Of ous-
- ,ousos from downtown to Fifth-ave continues
% Increase and residence houses in thiS street are
t,s, haing taken down 10 be replaced by large hus-
oss s,ruc,ures or being altered so as 70 meet the
,ecu,rernen.s OF merchants
In tho lover ma ri OF Fifth-ave-hat is. below Four
,aen,b-st-fhe operations not so large because
,,ere are many old New Workers there who refuse
20 n.r; with their holdings fancy prices; and
then II is too far downtown in these days OF the up
,ou-, movement Recently a real estate broker
endeavored 10 secure for client an old house in
Ff-h-ave below Fourteenth-st.. and although he
offered $4,000 for the property, the owners would
rot sell Real estate brokers experience much diff
dc,lty with some Of the old NEWCOMERS who pre-
Tor m live in the parts OF the city where their
fathers lived They will not listen 10 the propo-
sltons for the sale Of their property, although In
many cases the amount offered is largely in excess
r, the propertys value and CROUCH 10 buy better
houses in more desirable parts OF the city.
FEATURE OF THE WEEK.
Tho closing OF the big deal in real estate in
Eighteenth and Nineteenth SITS. and Fifth-aye.
was the feature OF the real estate market last week
The drygoods firm OF Segel, Cooper Co., of
chicago purchased nearly entire block. and
The amount OF money involved In the transaction is
said TO be over Oo) The property IL principally
residence houses. which will be taken down and
a six-sory building will be erected. Aside from the
fact that the transaction will have a great inhu
ence upon real estate In that vicinity. II rs espe-
cially noteworthy as showing the confidence OF out
of-town concerns in coming TO this city TO COM
pete for trade which many others are already
striving for.
The largest sale OF uptown property was by Hon.
man Brothers 10 the Congregation Shearith israel
OF six lots at Central Park West and Seventh
eth-st. The amount OF money involved was
$4,000. The present temple OF the congregation is
in Nineteenth-st, bu; new one VIII be erected
on the uptown site. The old site will be Sold ana
already $4,000 has been offered for II; but ii Is
not likely TO be sold under 100000.
The syndicate which purchased the Church OF
the Covenant property about year ago. at Park
ave. and Thrty-ffth-st. for $si5ooo. has sold the
last lot OF II, and II is said that the disposal OF
the property. which was divided into house lots
has Melted the syndicate a handsome proh' Inc
property was purchased by the syndicate IN ofder
TO prevent business houses being erected on 1t.
and IL has succeeded in way which is h;gtiy
satisfactory 10 all concerned in IT,
Another large sale the old armory site in
broadway between Forty-fourth and Forty-hfth
sts and adjoining fve-story house in Forty-hith-
st. for $4,000. 10 Oscar Hammerstein Inc
daily operations in realty, as reported from
brokers' Offices. show that the new year has started
off with a smal-sized boom. Many investors end
speculators in stocks and bonds have left Wall
Street for the more encouraging opportunities
Offered IN real estate. and even men like the great
Sugar magnates. who can manipulate the stock
market for profit at any time. despite panics
or storms have recently seemed 10 tire OF the
Wall Street game" and have invested tneir WIN
nings in New-York realty
The business in the auction rooms consisted
chiefly of legal sales. and with the exception OF the
sale OF the property of the McCunn estate there
was little accomplished 10 attract attention. The
amount OF me ney involved in the auction sales was
$50 4Os against s3s2 $50 in the week last year
Besides the sale Of the property in Nineteenth and
Eighteenth SITS. and Fifth-ave. by F. H. Southack
& Co. 10 Siegel. Cooper Co. OF Chicago, tho
principal sales in the week at private transaction
were the following:
SALES OF THE WEEK
J. Romano Brown & Co. have sold for Robert
rrimble Ford the old armory site. consisting OF the
block front the east side OF Broadway, between
former and has the latter street by @cl0, to-
gether with the hve-story stone-front dwelling No.
1A West Forty ffthst. lot 2oxloo.5 adjoining. TO
Oscar Hammerstein. for about $4,000. The pur-
chaser will erect music hall and a theatre. pos
sibly two OF them at cost that will nearly equal
the price agreed upon for the property. The same
brokers have sold for Jordan L. Mott the fve-story
brick store building No. 1872 Broadway southeast
corner OF Forty -fourth-st for $4,000 The seller
acquired the property in September. 1893 from
Samuel s. Abbott giving In exchange No. liz West
Sixty ninth-st. and No 100 West One hundred-and-
thirty-second-st. The consideration given In the
deed was $4,000 but that was the trading price
the actual consideration probably not much
above $4,000
William X. Everdell was the buyer OF the Hotel
de Logerot property Fifth-ave. and Eigheenth-st
recently transferred 10 him for $4,000 and also OF
the old ST. AIMS Protestant Episcopal Church and
rectory No 10 9 West Eighteenth-st.. adjoining
Chickering Hall. which reported sold early in
November for $4,000. Mr.. Everdell. stated last
week resold to L. e. s. Sachs some time ago L.
forming a part OF the hotel property. for $1,000
and has since then disposed OF the corner 6oxll5
feet for t3450J TO s. n. Corn. realizing a
profit OF $3.50 less expenses provided the prices
quoted are true He is also understood to
have found purchaser for the 81. AIMS property
At q substantial advance.
Frank +. Smith has arranged TO exchange the
Six-story brick store and factory building Nos. 4s
ana ~ Wooster-st. which was transferred TO Flora
sawyer In October. for hotel In Long Branch
M
Siawson Hobbs have sold for Henry Morgcn-
thau e'ght lots on the north side OF ODe-hundred-
end-sixtn'ss. 100 feet west of Amstcrdarn-ave. to
Gustavus L. Lawrence. and four lots adjoining TO
the west TO purchaser whose name has not been
Tnenfioned. Mr. Moreentbau also sold the remain
ing four lots OF his plot OF sixteen in this street
10 Charles O. Judson. builder who viii erect three
front AR
rence VIII erect two nat-houses 37s feet front
each MI M2rgnnihau bought the plot last month
lives In France. for n~too The resale IL at a sub
stantiai profit.
estate to Daniel p. Freedman No iis East Thirty
fourhst. 21xloo feet fonr-story brownstone front
dwelling
Douglass Robinson CO have sold the northwest
i,u1 har hnua