New-York tribune., 1895-07-14
M}S777am4y
Broadway & 10th Street, (Union Square.)
BIG SALES MADE.
WEEKS TRANSACTIONS IN REAL ESTATE
REPRESENT ABOUT sl,5OO.OOo.
A COMPARISON OF THE BUSINESS DONE IN THE
LAST THREE YEARS-CONVEYANCES
AND MORTGAGES.

AND MORTGAGES
| Transactions In downtown and business properly
generally have fallen off during the last week, out
there we're some notable sales OF uptown tracts
Vacant land has been in special demand Inc
weeks transactions have represented totai invest
ment OF about 81 800 600 in the face OF the fact 'nA'
many brokers' as we'll as owners are out OF to"h'
Although the week showed failing on IN neaimss
in business property number Of deals are pend'hs
| and at intervals through the dull season some
large transactions may oe announced
A notable sale. OF special Harlem interest," an
nounced late In the week. was that by whicn Jo"n
ID Crmmins becomes the owner Of the entire olock
bounded by One-hundred- and forty-fourth ana one
hundred and forty fifth SITS, Lenox and seventh
aves Samuel Goldstcker OF l.. J. Philips q Co''
| negotiated the sale for Mrs. Thomas L. Watt the
consideration being 100000 In the plot there are
sixty city lots. Mr. Crimmns is already the owner
n, the block bounded by One-hundred-and-iorV-
,hrd and sts.. Lenox
ard Seventh ayes having purchased II through the
| same broker recently, also for S4p,Wo Inc ruhor
that the two blocks have been bought oy Mr. |rm-
minis In the interest OF the Metropolitan Iracuon
| Company has been denied. and 1t Is SAID 10 DC
Mr. Crimminss intention TO improve ooth inc o''eAs
mmedlatey by the erection OF private houses. WIN
apartments and stores In the avenue fronts. some
thing on the style OF the King mode! houses De-
| tween Seventh and Eighth aves. north OF Ohe-
hundred and thirty -hfth-st.
Aro,hor large real estate transaction announced
las, week is the lease. negotiated by De seid'ns
prothcrs OF the plot on the southwest corner OF
Fourth-aye and Nineteenhst. l3l by 200 feet Win
n twelve-story building, to be erected oy the owher'
the Central Real Estate Association TO the Ameri-
can IIthographic Company. The lease runs ior
,ven,v-one years with two renewals OF twenty-one
va,rs elch tho annual rental being about >'o""
n vear To complete the plot required Tor the
erection OF the building. which VIII De ABOUT i'V
f.o, high the Central Real Estate Association mas
purchased from John Sloane the TWO io's NOS >,
and a. East Nineeenhst. 20 by ~ feet each' Win
old dwellings thereon The building TO be erected
will be OF unusually massive construction In oroer
90 sus,in the great weight OF photographic presses In
operation and will be hreproof. II Is estimated
IL will cost $4,000. The land Is hsureo at sc""v'
making the total cost OF the property $4ooWo
The building will be completed by OCTOBER L. ioO'
Richard Berger Is the architect
.'The Record and Guide" publishes compilation
NJ the conyeyances mortgages and buildings pro-
iected In this city during the first six months OF this
year. with comparisons OF the same perioos III
1894 and lsss which is OF considerable interest. Inc
total conveyances for the six months endihs June
20 are stated to have been 1876 representing an ag-
rrcy,te amount OF se2l56s7l against 6.S74 con-
vevances aggregating 500 257.ll in the like period
of 1894 and SO7l conveyances. aggre6ating $looSW-
925 In 1898.
OF the total number OF conveyances nled IN the
six months ending June 80 1895. 1858 were for nom-
inal considerations against 3032 In 1884 and 2sto In
,sea This shows a growing disposition against de-
claring the actual money consideration In sales OK
property.
FIGURES AS TO MORTGAGES.
The figures as to mortgages give a much better
idea OF the real estate market In the respective
periods than do the conveyances Inc 'o'a' I>e"-
York mortgages In the first SIX months ol the year
are stated to have been 7430, aggregatng *el9ss+S
Ss- lD in
es aggregating $lo5.42S.554. In 1885, In making a
comma rison Of these periods however. II might be
well to deduct a mortgage for *l5'oU"W given py
the Edison Illuminating Company IN lSso' ana TWO
mortgages by other companies. for FUNDING pur-
poses OF $,5Oo.0oo In 1894
Ru,ldinc operations for the first six months OF this
r show n heavy increase over the same period
y, last wear as well as being well ahead OF 1898.
The total number OF buildings projected IN the six
months ending June 80 were 1867 OF an estimated
cost of $50 POI Si against l29 or an estimated COST
If s27 l6o in 1884, and 1852 Of an estimated cost
~ ss oo7 sl3 in 1893 The figures Of 1898 included the
cathedral of St. John the Divine, to cost S,oooooo.
and the St Luke's Hospital to cost 100000.
The following were some OF the sales Of the week
through brokers' offices:
John has sold from plans ,SI drawn 70,
~ 6ve-story apartment house on the northwest
corner cor Of one hundredth-st and Amsterdam.ave;
also neast ,Ur corner OF Amsterdam-ave and Egh
tv.ninth-st. Mr. Smith. the builder. Tor improve
ment. 80 -, ,u,,,o. Nos % - ard d
Nth Voore-st has been sold by David ;. walton
~ anoinb Kutroff for $4,000. The purchaser will
demoIsh the present buildings and erect a seven
Wryan T. Kennedy has sold for James Henderson
70 Mrs Eleanor Robinson the four-story 90, nrdck dS
Mandebaum Levine have bought from Srown the
,na tenemen house lot 301is by about 70. for
about $1,000 1t was SOD In Sbo5 lSs tos tS sold FOR
u,,,,opm az NV Wheelock No. &4 Lexlngton-ave. q
four-sory private dwelling lot iSx0"H s,a 70 ii 6 Sor
lite for about $lL5W lhe se"e' P"'" '''~~ '~'
the property In lS's 49,. .o,d FOR T. C,ueeen.
, W, pa eSye.story store and hathouse, No; 2,l1
EsSth-ave 2sxa for oO also for Mas ana base
No MO East Sixty rst-st three-story anu osSI,
ment house at $1,000. to Philip Lang. VINO gives IN
exchange s2'oOo iive-st9ry sncnndst and
for II. De Gran lot Teasda.e Place to rhen'x
Charles Griffth Moses has sold for Samuel -
Iaderer to Messrs Dryfoss and Strauss two 'oss
on the east side Of kngspridss roao' ~ 's'' '"