New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-14
MANY SALES OF REAL ESTATE
ENCOURAGING RETURNS FROM BROKERS
OFFICES.
STATISTICS OF THE BUILDING MOVEMENT IN
THE LAST THREE MoNrlIs-EFFEcT OF
THE INCOME TAN DECISION on
III MARKET.

THE INCOME TAN DECISION on
THE MARKET
The week in the real estate market presented en-
couracing returns from sales through brokers o.
fees but in the auction rooms an extremely "dd
showing was made There were great many WI
un,ary sales announced to take place Dut deSP'e
the fact that they Included most desirable pa'eeM'
the bidding was not sufficient to make sac ana III
nearly every instance the offerings were Wi'ldid"
The Attendance at the auction rooms was SHa'A
Investors were scarce. At private sale inc trans
actions amounted In value 20 over S3VV"Vo' ana re-
morris from brokers' Offices indicated continuance
OF prosperous conditions in this branch of the real
estate market. Investors professional operators
and traders were in the market, and al! AhdS Oh
,roDertv seemed 10 find purchasers. There We're
many sales # old business property for improvements
and 1a;houses AMI tenement houses iouhl Ie""!
buyers.
Interest in building operations and plans for new
buildings continue TO monop0Nze the at'eh'''" "a
,eonle interested in real estate. The increase .as'
week over the same week last year IN inc oui''"s
rnovment was again large and the prospects "e'e
that there would be no setback 10 tle hloNe''i'i'
for some time 10 come. In the months OF Ja's"'H'
February and March. the number of buildings pro-
tected was ll02 against j52 in the same time i"S'
,.oar and cas- in the same time in 1893. The amount
OF money estimated necessary for the constr
of the projected buildings for the last three non.'
Il S2755s sOi against @.S08l05 in the Corresponding
perlOl S''iN
OF the number of plans filed for new buIdihss !"
the last three months 6s2 were for fat and tene-
nent houses: 2jS for private dwellings, % Tor ONCE
buildings hotels, stores and churches anu lo9 ioi
miscellaneous buildings The largest increase was
In fiat and tenement houses In January I'O-
ruary and March of last year. the NUMBER o. pans
fled for this kind of buildings was only 100 sio"
ing an increase of 527 in the first three months ol
"'' MANY NEW FLATHOCSES.
BY the Building Department statistics 'he ul''iio'
between Fifty-ninth and One-hundred-and-tweh,y
fifth SITS and west of Eghth-ave., VIII nave t"e
greater number OF new fiat and tenement houses inns
year while in the Twenty-third ana twenty i0U III
wards general building is the largest o..
Naturally the decision of the United states Su-
preme Court upon the Income Tax law DIS lar a.
its bearing upon real estate is concerned was re-
ceived with satisfaction in the real-estate Iha'he'
Aside from the fact that the people who are inter
es,ed in real estate believe with the majority OF
people that the law is an unjust anu n'f''oI
measure they are forced TO say tha do 1e wbose
Incomes not exempted by the ueSs itei;, as
f. now stands makes the Law more unequal Than
before but they cannot wish in Their own 49, in
Thai incomes from real estate should have peen ill
ouded in the operations Of the law Inc eilect q,
the decision upon the real-estate market Wa co.
II has had little effect upon reaesate investments
OF course it makes real estate more lhvluhs uns
psope sell out at once their share holdings and
nut oil
reason that the decision has not had more e baye
upon the reaesta;e market - that peopie ia W.
Desn f9r Tefs Se pS seeur Of bankrupt
railroad and industrial properties
TRANSACTIONS AT PRIVATE SALE
The principal transactions at private sale last
week the following:
1t reported tina, Charles E. RTnk haS p9g rs
Ffthave, which has been conyeried , li,.1 ui,dng
go. IL Vest Tweniy-seventh-st. both parcels form
ing L.. The property WAS SoIq az aECt,I I, OH
by Richard V Harnett Co. on March - ana
bought by C. c. Goodwin in the interest OF Ma
ana also the executor. for $500,
Mrs charotte NJ Goodrage in se Hoi e and
as9 Frfih-ave and Nos and East Thirty hrst-st.
scoa The propery is at the southeast OF
Fifth-ave. and Thirty-hrst-st., with two lots ad-
Mayer Kahn is reported have sold the six.story
brick Nos 1888 and ls5 Mercer ar, between ro
front store nos. 1903 and l0j Greene-st, between
ra ,1 ana ST s c6 SS o few
ago for the southwest corner Of mon square aiI
Sc d ahd iFS sara 30 HfTG and have
probably figured in another trade. ,,...-
Smith Ely, at about 5000 the three .nye,s'o5ry
East Fifiy-ninth-s which they boush, in as mort
gagees at foreclosure sale on April for ses,l
sold modern seven-story brick business structure
In Washngton-s on plot with iroHt Tag OF
streets. The property is said to rent for about
$1,000 year and is reported TO have been disposed
Il. J. Phillips & 60. have sold 70 c F. Hqrtezen
S s;on IA r Wsst seyHneS S4 about brown"
Dr. Moore has sold No. 1873 East Thirty-egh,h-st
julius Friend; broker. has sold for the Kngsla1d
Mr. Nebensahl TO Mrs Viola Kahn, on private
il is said that Benjamin Stern was the buyer of
the Morgan & Slat;ery American basement houses
& Co. and John b. smith, Of the Robert Mitchell
Furniture Company houses in Nineteth-st
negoaons with STANLEY BroSeTs for the Proe
ment OF the northeast corner Of broadway and
been signed Mr. Astor is TO erect a two-s,6ry
building planned especially for restaurant purposes
This building will be leased Stanley Brothers for
term Of years rem; Of about 80 900 year. The
ss. Of d4O Sab s A go 500 to E gSub
adjoining the corner Of Flfteenth-st.; for $500
tees Of St. i.ukes Hospital. 70 DR. Thomas L. Sat
terthwaite. lot on the st. Luke's Hospital prop
OF Ff,h-ave DR. satterthwaite viii improve the lot
with dwelling for his own occupancy.
sold TO George w. Wickersham, No. ~ Yves, Forty
seyeHhrs fonTsoT 2ro dwelling for about i
sold for Roth & Godschmdt. 70 Mrs. l.. Bsliou. the
Colonial cottage. No. % kngsbrdge-ave. with plot.
Julius Friend broker, has sold for Mrs. Harriet
De Mint. the premises No. al Prince-st. private
Richard V. Harnett & Co have sold for the Third
Eghty-hrst-st their old church property in Elev-
enth-st, north side, just west OF Sixth-ave. to
Daniel Rosenbaum who owns the abutting property
in Twelfth-st. lie will erect fve-sory improved
apartment -houses on the site
Max Marx sold No. 237 West One-hundred- and
thir,eenth-st., a three-story American basement
dwelling. to Percy D. Adams. on private terms
Julius Friend has sold for Francis J. Schnugg the
builder. 10 Julius Lewinsohn the dwelling property
No. l29 East Ninety-flfth-st.
CONVEYANCES AND MORTGAGES.
The following table shows the number Of con-
veyances mortgages and projected buildings for
last week, and for the week year ago:
CONVEYANCES.
Aprtlc AnruS-