New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-20
REA h ESTATE.
RfrsINEss In TILE EIELD.


'"rhc season for great activity In realty - over
said a broker on Saturday. mo great volume OK
business II expected during tho summer '"''o
are brokers. however. who are planning or ous'",''
this summer. and expect 10 be active lnos' ""o
have choice properties for sac doubtless w nv o0
disappointed. Money IL being made IN wall '"e'''
and the owners Of these properties are wearing
cheerful smile they watch the ticker au''ns
business hours OF exchange Announcing tha' seeu,
ties are again being sought for at advancing hs"'e'
every day.
There has been lite activity for long Time III
reilly on the East side. between Fourteeh'h a,''
Twentieth SITS and Third and Fourth aves Inc
Westminster Hotel sac On Monday las' was
surprise Many nqurers and owners OF prop''.y
elsewhere have been attracted 10 this locan'y ny
this sale The old Academy Of Music at IRVING 'a'o
and Fourtcenth-st for instance. has suddenly come
to notice with the report that the property Is io
,,,e II Is known that ne Academy has been OF
fered for sale by broker during the last week nc
asking price has been 100000 This price H. NOV"
ever. much beyond It's actual value" sad an inter-
csted party closely identified with the owners
The Academy was sod by the stockholders Apr',
1851 to William b. Dnsmore for SDo"o' y" INC ~
lowing May II. 1t resold to William T. Do"s
for s3e5 90 and November %. OF the same sa'
again sold 10 Edward G. Gilmore and Eugene loHp-
k,ne of Hoston for $4,000. They are the
nrcsen, owners Property In Irving Pace mas pee"
I'm a small way selling at price ranging pet"'e"
$50 and so per square foot. The Acaae"S Iide "
frontage Of 20i feet in Fourteenth-st anu ~ 'e
and &c inches In Irving Place, an area OF zo'' sq'
feet At $50 per square foot this property "ouii DC
valued at s1iG.Gio That property mas au'"''e' "
&c evident from tho fact tina. Mr. Gilmore mas ue-
cnci an offer recently OF $1,000 TaKihs ,'' o''e'
az a basis It indicates that values III r'a''' NV
made a substantial advance In this quai'e' y. '
city during the last elk or seven years. Inc -'
Hall In Ffteenth-st. and practically forming an -
iS
Wo,lsoy November - 1890 to Eugene Io'hphn
for s7sco The ground IS sSxs4 or equal 10 ''"-
square feet II Is cow, says a fricnd OF '"e o"'
valued at 10000.
In Gramercy PARK. eight blocks up the a''
there IS lt,.c properly sale Full lots II Is sa''
ar, annr,sel anywhere from 10000 to $1,000
In Union Sauare Fast side. within two weeks d
b,uso was soi for So 5O at about 80 per 'puaie
foot short distance across the parK' Oh D'oa
way A little above the park. sire bro'ne'' p
CHI sei lately the soI;hcas. corner OF broa'"'' 90
rlehteenth-st at s2j0co at about $50 per square
~, 81, - cato 70 saw, said a we-kncwn broker
",h,. The values OF realty the west side Oh '"o''
scu,re are about 80 Pc cent higher thah on '"e
.as, side Some OF the recent sales on 'hc "es'
alta have been ranging from 81 to 81 per siu"'e
foot" ..... ,-otars
and investors touching the question OF irfes".i' u
false valuations named In the corveyahces' ~ ~
ur,s,r,,ion OF this custom ons some proAe's'
during the .ast week large sale on me "''' -
.as made The brokers IN the transacton s" ' "a
,'rico an, FOR publication Al about $500 o,na,a
Lr,p.n ina, only S2o.sr was realz"i ~ VI" Nv hai
e. 80 rr,uortv viz: $1,000 cash anu III ''' 90
-. ,b.r received a mortgage or $1,000 a. 70
an,o tr ,ne vc,r such Irregularities sad or tn
,,'r ar. on. ~ the questions CAUSING ',.s IT, a.
$500. ~ change much anxiety. IL IL ul,li P'' ~
>, Iisrlrlu. every member known 70 80 nrlng
,,l,,. INV Kind 81 Irregularities tna' ''''' - o
''' Is , silght favorable change In the ,o.-
",'s ri,,,e saics In thr rea, estate market our
,n, ,he las, week compar"l WIN w P.n.,i,']i
Kim The agrrega's investment la7' M'n 49,, In, nor
", "a. e. l,0 40 which H. an incr"es" OF n'alf w. 49,
,, ,,.., ,hc pre\lOus week THIS hushr,S 49,
'.,r ,,n.vtr, distributed among thr tea, 800
i.,is.,s I'm far, nearly tDo'" ol lle N",n 90,
or,lons were executed hi tNr'' q, ~, ~ S,ls ~
- IN. principal items have been 'hr Su w.
,b Ashury Methodist EI.scopa Chnrch. ~ s,nnln
-. snnars AZ 4..OOo the sal" or the W ~
30, t,,' AZ ch0ut oppl ana me she III ~
A. 49,, In sincsS building no N5 ltfo'"n q
'n,ins inc n.gr.xAtr value az th's ~ III, hriny Tho
f,nm The total first above r"iort u W ~, no savor
',.r"r,I v,ium. ~ business - compare "n' 800
,',r ~. nreyious week which was nov 81" ~,
~, STATISTICS % the real estate N"ms'',', a.,
..c,..s recorded flr the week 'ndnS N'y ~ l.s'
.hn, f, much smaller volume OF p"s'''''' 10 WIN
nnrcd with the previous Week o.. ,n. ve.k end
m, 4ales hy pryat" conuAc, Io' ., u ~, o"o " "
49,, IT. n. nn,our,eI 10 more than 0"b"" A., 90
M 's,,.,inr s,l.s f0r the week 'niins NAY 40
.r.n',,,,.I :, ySl5 3G a. compared with '"e 'o'''
',,,., u,.k nf 1894 ~ tifINlb, . ,,,.
~, the auction sales FOR the week en'hs
~ * amounted 10 Sl65SI. as c9mp''' WIN "
rnrr.suonding week OF 1871 Oh ,,h,ss FOR New
Thc following are the comparative 'S'.', ~ corrs
- l' ,"'r,rvanccs and mortgages Tor the co''e-
,'n lng week, Of 1884, and 1873.