New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-15
REAL ESTATE.
BUSINESS IN THE FIELD.

the Income Tax law, however. has stimulated some
what the hopes Of real estate dealers even oeyo'u
the expectations Of two weeks ago Inc Iact .ha'
the Aston the Goeet. the Rhinelander ana other
estates have escaped the effects OF the income lax
law on the decision OF the court with respect 10
rentals from real estate leads to the bec that IN
ycs,ors who have considerable money just now lying
idle will be inclined to turn TO real estate rather
than railway bonds or stocks IN seeking revenue
There appears. also to be some question: do ~ inc
effect OF the upon even railroad properly, III"
contention being that the right OF way OIL lah"aS
comnanv ia I'm fact only land lying within the Inn
its Of different States. and any return 'neieiio'h
T. hence I'm the nature of rental However, this point
Is not so clearly decided as that bearing u"ecu'
upon the question of rents 1t is argued thal III VIC"
of the decision OF the Supreme Court, ld!e cap''a'
will at once seek productive real estate. ana IL IL
natural enough for the New-fork broker 10 ue"'o,
s,rate the overwhelming advantage of real estate
in this city.
In 1889 property in the neighborhood OF Seven
feminist and Broadway had a valuation, on the
basis OF q sale effected at that time OF s'i d" d
square foot In the same locality In 1898 trans
action realized s22 IS per square foot In iee' d
piece of property at Broadway and Eighteenth-st
reallzod at a sale s57 So and in 1882 small plot at
broadway and Twentleth-st was bought by ROBERT
Cioelet on the basis Of $50 per square loot IN 1874
some land was purchased at broadway ana twenty
average price OF 800 ~ d siua'e ''o'
1t is known. also, that IN 1894 Jahes 'i0N'e'''
bought property at Twenty-frst and Twenty-sec-
ond SITS on Broadway. at a cost of $40 -. whch ne
later sold at s97 a square foot. The announcement
during the last week Of the contemplated alteration
OF the premises Union Square ana seven
feminist formerly the residence or Danei Drew
affords an nlustra ton, through an analysis i'aue
Of nrices paid of the advance in values northward
from that point. compared with the hsures CIV"
above The sale OF this property upon the latest
record shows a realization Of $50 % square FOOT
II is said that the sum OF 10000, or an advance OF
sl4 per square foot offered TO representatives.
OF the last purchasers Of the property.
II is supposed that the closing up of the estate OK
the late Mrs. Paran Stevens VIII nave the eiec' Vi
bringing into the market considerable property
much coveted BY investors in Ffth-ave. northward
from Madison Square The old house OF MIS-
Stevens Is at No. PA Fifth-ave.. with frontage
an tpfth-ave OF 81 feet inches. and 100 feet deep
She nomnally retained this place as house II Is
said since her removal uptown. ana. IL Is thoush''
derived some revenue from It. However. this VIII
mass into the general estate and within snort tune
urdoub,adly tho old mansion will be in the market
for sale to the highest bidder. The total amount
owned by the Stevens estate. fronting on fii'h-
ave between Twenty-third and Forty-fourth sts' ~
9ot foot The piece at the southeast corner o,
rbIr.v-seventh-st and Fifth-ave. has 4 frontage
~ 2o fee, on Ffth-ave and l2is Thrtyseventh-st
This has been occupied for some time by florist.
A druggist a newsdeaer. etc This VIII undoubtedly
be offered and IL is known that several sharp eyes
are a!read!ng resting upon II. The tendency OF
large landholders In New-York has OF recent years
In view OF the tremendous doubling up OF values
been In the direction OF ground eas" after the
r,c.hol pursued by the Astors. II Is not Impossible
that some OF the land in Mrs Steverss estate VIII
be utilized In the same way me next p'ece vi
property In importance In the estate is located at the
southeast corner OF Fifh-avc and Forty-fourth-st'
with a frontage OF 100 feet on the avenue and l5o
I, fS rafih nv Il 81 70 a
the estate that twenty years ago rental OF s-o"p
a wear for this plot declined n accordance with
tho wishes OF Mrs. Stevens. For reasons whch
have never been explained this decision continued
AMI X is said that the net result Of loss OF income
f., the estate has been upward OF 10000 The fail
urc also. to improve the property at fitth-aFe ana
Thrty-seyeth-st. has resulted In an almost equil
loss % revenue.
Notwithstanding the fact that the Observance OF
Good Friday ntcrfercd with the closing OF some OF
the private transactions. n" last weeks report OF
sales successfully negotiated by brokers ard opera
tors shows the continuance OF moderately pros
porous market conditions The aggregate ihVes'-
mcnts reported since Monday last are ABOUT ~
80 90 against g. 5000 for the previous week, con-
The statistics OF the real-estate transfers and
mortgages FOR last week indicate large shrihK,se
previous week. viz. There was N.oii w less loans
Negotiated and the transfers were Ss3'ss less. as
compared with the previous week As consdas,ch
however wiki the CORE Spending week OF lsst ,nI
sQy At
De- Observed 10y tho following figures:
Tn" total conveyAnces OF last week recorded ISL OF
Witch %4h Sy "sFc sS %h @' for the
week Of last ycar me anSGrs an
THen no. weF f $, RS@' .is 'e 0''S
In the rwcnty-thiri and Twenty fourth wards
three were nominal. the others showing total IN
ycs,men, OF s3,o5l. against sOS'6i for the same
There were go mortgages last week. involving
50 o5 1876 against the showing OF the corresponding
50 2.I334 About 70 per cent OF those loans were
borrowed at per cent per annum. or less
ely have aggregated the sum OF s652.HS, against
for h previous ws sS d9 sn y:HT The CORE
There were nlcd in the BuildIag Department last
% csE a gains Tor y 6udnss
10 cost 81 ljl 62j In the week OF last year
cGi RI hgnk 4 for SoGt 70 So TfG
ave and 40 : Eas, Thr'y-hrs'-St' connecting
Tho e;atc Of Charles i arned has cold to
= Icsk. has purChas"d from the woodbury. estate
No Is Harclay-st., 2ix75. Tor about s'5,co .
Kicnkc the fvc-st6ry apartment house No. $50
West ne-hundredth-st lot 25x9oxco, terms yet un-
The four-story brick business building, No. %
Union Square. 26xi2S feet has been So!d by me
,d e~ r. have ns soa bs TO fxM .'SST
brick cn"ments. on lots 25xlo0 each. No 2p6 to 2io
| East Ftfty-ninth St
steve" Rrodic has sold through II. Rin1lGc &
Brother the two four-story stone front English
basement dwellings. IL 6X5JXlo33 each. Nos. POS and
2l0 East Thirteenth-st TO Brubacher a Lentz. al
about sNNO
The Standard oil Company are having plans pre-
pared for contemplated addition to their building
at 80. % Broadway.
BROOKLYN GOSSIP.
| on the other side Of the East River in Kings
County. the amount realized from auction sales is
| Sl79Si9. During the corresponding week of last
! year the aggregate sl77,6S
| The following are the comparative tables for
Kings County conveyanccs. mortgages and projected
| buildings for the corresponding weeks OF 1891
| and 1885
CONVEYkNCES.
1904 1895.
April u 10 April = e
II inc. IL Inc.
Total number ..................
Amount involved ................ SI6t. $50 5000 dl
Number nominal ................ 100 l6S
| MORTGAGES