New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-25
THE MARKET STILL DULL.
FEW REAL. ESTATE TRANSACTIONS RE-
CORDED.
MOST OF THE BROKERS AND PROBABLE BUYERS
OFT OF rowN-rHE PROPOSED BUILDING
IN BROAD AND NEW sTs-MORT-


IN BROAD AND NEW srs.-MoRT
CAGES AND coNvEYANcEs.
The volume Of business In real estate TRANSACTIONS
continues to decline. About hve hundred Thousand
dollars will cover the total sa.es during the last
week The duness of the market was ATTRIBUTED
mainly to the fact that many wculd-be buyers arc
ont of town Many transactions are held In abcy-
ance I'm brokers' offices. owing to the difficulty In
getting principals together 1t is not expected that
the market will show much life until these absentees
return from their summer outings. and take up the
threads of business again.
nv all means the most interesting incident in the
real estate market during the week was the dis
Closures in the .ast few days In regard to the
changes In the property at Nos 2)22 Broad-st. and
Nos 1S-9Os Newest. Some months ago there were
stories circulated about the improvements to De
made In this property and It was one time stated
that the Standard oil Company contemplated erect
ing n building on the SITE but ii is learned that
Jefferson VI. Levy the owner, has formed a syndl-
cate with capital to erect sky scraper which VIII
rival the towering American Surety Company's
building nearby. The members OF the syndicate
have had incorporated at Albany the Commercial
Gable Building Company. with capital stock or
100000. and have elected board of directors and
president They are John W. Mackay president;
George D. Moore vice-presi1ent; Z. c. Platt, treas
urer and Albert Beck. secretary The directors
are John W. Mackay. Jefferson NJ Levy, William
H. Beck. George d. Moore, A. b. Chandler Smith
Ely and l.. Napoleon Levy. The building proper
will have eighteen stories and dome three stories
in height The first floor will be occupied by the
Commercial Gable Company and the rest or the
structure has offices for bankers and others. The
new building viii be in Renaissance style and VIII
be constructed Of white marble and bun brick. and
Will have frontage OF fifty feet In both Broad and
New sts and its average depth will be about one
hundred and hfty-fye feet. Mr.. Levy acquired the
he
Street brokers. for $4,000, about the same price
which the wormsers paid for it at auction In 1872
lust before the panic. Mr. Levy said that the syndi-
cate which he had formed acquired the property Tor
100000 at an average OF $3.50 per square foot
Just south OF this property, at the corners or
Broad-st. and Exchange Pace there Is now oeinS
erected ffteen-story Office building which will be
known as the Johnston Building. Across the way
is the mammoth Mills Building and north are the
Stock Exchange and the Wilkes Building. so that
this neighborhood is rapidly becc ming covered with
tremendous high buildings OF the finest and hand-
soonest kind in the city.
Another thing OF interest TO real estate and build
ing circles is the beginning OF the work OF the
demolition OF the old Sping.er Building IN Union
Square The building destroyed by fire on
January I. 1892 and since then has stood ruin
there. The Van Bueren estate has ut last secured
.easehoider willing to pay its price, and he VIII
erect an eight-story building there.
TRANSACTIONS OF THE WEEK.
Among the principal transactions in New-York
City real estate for the week were the following:
W d. Rusher has sold for Mrs. Katie Dick to
Miss Jones' No. 225 West Observation-Disclosures
fourth-st. a three-story house. 16.sx5oxl0o
The premises Of No. so Avenue \ CAstor lease
ho.dD a four-story brick hahouse. with stores. ASK
100 feet has been sold at the saesroom The DID
ding started at 5000 and after much competition
the property was knocked down to Jacob Book for
sll.5Oo.
D. Phoenix Ingraham & Co. have sold under fore
closure No. 1903 East Eighty-eghth-st Charles ~
Morgan, referee), fve-story brick hathouse ana
lot % SxlOO5 the plaintiff. for $500; Also No. 40
East Ninety eighthst., four-story brownstone
dwelling and lot 25xlOo1l to Patrick j. O'Bierne for
sl1.90
John n Goldng has sold, under foreclosure. prem
ises on the northeast of Avenue c and
Seventh-st. four-story iron-front bank building
and plot. S53x4Ss. to j. J. McComb for $3.50.
Strong & Ireland sold. under judgment OF fore
Closure Nos. ls4 and ls6 Divis!on-s. two sX-story
brick dwellings and plot i47xIS by Irregular 10 the
plaintiff for $50 900.
A. H. Muller & Son have sold under foreclosure
lot on the south side OF Cuthbertave 25 feet west
Of Odell-st. to the plaintiff for $3.50
Lewis s Samuel has sold for Nathan S. Hart the
three vacant lots the north side OF One-hundred-
and-forty -secondst, beginning 80 feet east OF Am
sterdam each 25xsOll, to william II. man, IT,
for s2O.25o. ...,,
O..
ST. a three story brick dwelling and lot, l5xl0yO.
9 Johnson SssH p iaa T. RaFpN5lS@ S proceedings
The sale Of the Fifth Avenue Transportation
Companys effects has been adjourned to Septem-
The sale of No. 53i West Twenty ixth-st. has
been set aside by the Supreme Court owing 10 the
low price received for the property Timothy Don
ovan was the purchaser. and the price PAID was
Folsom Brothers have sold for Mary Cone two
lots Nos 24l and 2t3 East Forty-ifh-st, at private
WiIamm = Greene has sold for Allen Mctulloch
the four-story dwelling, l6.sxS feet. No 81 East
F.ny-third-st. northwest corner OF Park-ave., for
William Kennedy has sold under foreclosure
No 80 West sixty leigh th-st, a four-story brown
stone dwelling and lot 2oxioo5 Which vas knocked
down to Anna NJ. Quicke the piaint,n ior s.o,soy
Charles y. Talntor two lots on the north side OF
One hundred nd -hrteenthst l5O feet west OF Am
sterdam-ave.. each 25xlco. on private terms He
has also sold a lot on the north side OF One hun
dred -frst-st feet of First-ave, 25xlOO
for Washington Nelson, 10 Pncus Lowenfeld for
about $4,000
advertised TO be sold under foreclosure on Friday
bur on account OF a probable settlement the sale
was adjourned TO September s Considerable COM
ment was made when the adjournment was an
May a. and the sale has been postponed thirteen
F. zittel has sold for H. l. Smith the property No
6S West Eighty seventh-st, four and one-half sto-
ries 17x60xlC0. for about %ocOV
CONVEYANCEs AND MORTGAGES.
The following table shows the number Of convey
ances mortgages and projected buildings for last
week and the same week in 1894
CoNvEYANCEs
August II % August 1917