New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-01
REAL ESTATE.
BUSINESS IN THE FIELD.

n few; dealers who expect greater activity within
the next fortnight The unusual strength IN tne
stock market indicates that money is seeking IN
yestment and with the amount of real estate now
being listed for SALE at prices certainly ehtioiis
to those who possess the capital there Is eoou
reason to believe that the spring and summer
months will show many transfers
The purchase some time ago by the Havemeyers OF
the old Herald Building, and the proposition 10
construct on the site office building OF great
height has revived in the minds OF some the eA-
pressions OF belief a few years ago by the owners
OF the plot bounded by Park Row on the hortn-
west Ann-st on the south, and an alley connect
ing these two thoroughfares. that THIS triangular
plot of ground would never come into the lharhe'
for any other purpose than an annex 70 tie Ecu
eral Building. The completion Of the new puiiains
on the site WILL 1t is believed. stimulate activity
IN that section and 1t Is hoped that the hoIders
this section OF land will realize the unwisdom Oh
trusting TO the uninformed members OF Congress
respecting the needs OF the Federal uoVerh'he'.
in connection with the Postofice BUILDING anu
incline them to abreast with the improve
ments now going on south of the City Han PARK
and place their property Tor SAFE lot seheia' D'''
ness purposes.
As has been previously indicated by The Tribune
property in Thirtyfourth-s;. is gaining interest lot
real-estate dealers. Values have Increased WITHIN
the last three months about 20 per cent. one
cause IS supposed to be the introduction OF the
Thirty -fourth-st will soon become retail business
thoroughfare The recent determination OF the
Astors to give up the Cd mansion, at fli'h-a'o'
and Thirty -fourth-st.. with seven lots eXtehu'"S
westward. for hotel purposes dissipates the hopes
of residents in that street that the properties 'ieS
occupy can be longer retained as homes AS
indication Of the increase of values, 1t may De sa'u
that the sale of the Coddington estate property
No 23s Fitth-ave.. with an l. in Twenty-seventn-st
last week was effected for the sum OF S'"g" 10
G. G. Goodwin which was a return OF ABOUT 'o' pei
SQUARE foot The intmation was given In one OF
the daily newspapers that the sale was not
real transaction, but this can be denied.
Lexington-aye is also beginning 10 interest IN
vestors The expected Introduction Of the caD!e
system In that avenue. 1t is thought. VIII prihs
about a change from a residence portion TO one
for mercantile purposes.
The spring season brings about development IN
the extreme northern section OF the city as
consequence OF the proposed United States snip
canal connecting the Hudson with Long Island
Sound. The island which thus Is formed Is called
Marble Hi. The ground is elevated ana pic'ur-
esGue. and contains an area capable OF SUBDIVISION
into 400 city lots. 1t is understood TO De the
purpose of the OF the property to create here
n select colony and to give it something Of the
exclusveness which a. time characteriZe0
/ Gramercy Park. and later the knob o. Murray mn
along Fifth-ave. From the centre OF TINS lsidnu
tn. ground slopes gradually to the waters -"rr"uha
ing H. and there Is perfect natuldi "'"''''6''
island was the site OF Fort Prince Charles oc-
cuped after its construction in l75 by the American
and British forces alternately. The landscape
gardeners have laid the streets In succession
~ terraces the roadways being from % TO 90 feet
wide Within sight. the opposite side OF the
Iar.em are the Cahin, Anthony, Eames' fair-
child Reed and Bailey estates. while University
Heights and Webbs Academy also appear In the
perspective Attractive cottages have already been
built on this plot well as churches ana schoo'-
houses It is believed that railway facilities may
soon make quick connection with the city Inc
southern limit OF the island Is about al west
/ Two-hundred- and twenty third-st
The statistics OF the real-estate transfers anu
mortgages for last week DO not compare SO taVor-
ably with the previous week in the aggregate OF
business as with the corresponding week OF las.
year The conveyances last week recorded 2si: o OK
which AS were nominal the remainder being rep
resented by total OF s. sl7.59o The previous week Eel
esceedsd ms aT9Tg' sy vesr Se Transfers
/ bered Gas OF which ZIG were nominal the o'hers
/ Twcniy-third and Twenty fourth wards there we're
/ sixty-two transfers. OF which tWenty-sk MeIe
nominal. the others showing total investment u
The auction sales FOR the week ending March
%C ., week OF 1894 Of N.si5sSO
In Brookyn the auction sales l2r the week end nd
1s Mn H 1S dorrespondne week q iS9 OF sGs6
The mortgages FOR last week as S SS . WIN
those OF the previous week. were SoZos-1 rs w
the aggregate Compared with the Corresponding
week OF last year. however. the demands ior oar
in amount about the SAM - - ne ago,nS,
mortgages last week. involving EtiV-' dsa'Is'
the week OF as ye4 rate Of
nnTm eGp, me-. n Rs f Hng per
week l-j plans for new structures. rep.esent:ng
Sis SO. against 4 new buildings: to cost Nlh, 70
v,tc sa~s Turing the last week have amounted in
value TO about 10000. Included In these sa'cs
trades or sxchanges in nearly ali OF which pro-
fesslona operators are me prnGipas IL. r .bis
hppu
period ,- ,.,, h,. cold = Mo,
" feet OF Lexington-ave, 10 ne 1nuIcn :"
the church are negotiating with "A Mr. Mahoney
for the purchase OF the plot on the rear fronting
sadie II. Mulyaney has sold 70 W. H. Perry the
four four-story brick tenement-houses ana stores;
on plot 74loxiO1 feet. the southeast o corner Oh
| Sec6nd-ave. and Twenty -fourth-st.. for Ssl,o0 -
/ Douglas Robinson & co. have sold Tor Mss ne
r nr On a. plot SSxlScS feet at 70 Is West Forty
nfth-st to Or. Ely. FOR $1,000 also SOFA ior Iie
Barker estate the fourstory brick and stone dwell
nr blot 2OxOo5 feet. No. "a East seventies h-st;
Henry Osborn aiS9 ihS frc OT IFS VEST
S si2hy to Sir Iiillman. for $1,000.
,hrcc.story stonc-front dweiling lS9x5Oxo22 feet.
at No II East Seventy -seventh-st. 49,, .,.,.
/ n Hdburgh has sold TO {: Muller me three-story
! stone-front dwelling, at No 255 East seventy
Se fobn Yu,c has purchased from William Rankin
n plot 5O7xlOo on the northeast corner Of Columbus.
ave and one hundred and e!gnth-st Inc property
] will he Improved by the erection OF Two hVe-stofy
/ IL 4 Greene has leased the fourstory dwelling:
! No z East Forty-seventh-st., near tiuh-aNe, =,
feet frontage for five years. at an annual rental
John r. Wall has sold for George b. Dunn ne
e-story stonetr front nat, on lot ZJNll0' NO f'l
! West Thirtieth-st.. for $1,000 -, -
Bryan l.. Kennedy has sold the leasenold prem
isas No s37 West Elghteenth-st., for Frank W.
| Iarom TO Mandelbaum & Levine, Tor S9wn -,
F. ~ Benner has sold for Mrs Henry O. Anen
tho three story stonef front dwelling, about lSNoO-
xi0o No. l47 West Ninety ATHEIST, to lie Grahd H.
| Clark for about 10000. . 49,, .
| lanes Frame & Son have sold the three-story.
| stone front DWELLING lot 20XlOn, NO. ~ West
One-hundred- and-twentieth-st.' Tor ABOUT '-fVoV'
REAL, ESTATE TRANSFERS.
! sod 6, I77o II " Of 3d-ave. -. 2xl022; Ed -
| utf. T., I,trbu