New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-27
A. QUIET WEEK IN REALTY.
LITTLE INTEREST IN THE AUCTION SALES
PRIVATE TRANSACTIONS THE FEATURE OF THE
MARKET-BUsINEss AT THE EXCHANGES

PRIVATE TRANSACTIONS THE FEATURE OF THE
MARKET-BUsINEss AT THE EXCHANGES
AND IN BROKERS' OFFICES.
Real estate sales at the auction rooms last week
developed no new features, and. with the eNcep-
ton Of two sales little interest was manlesseo III
the offerings The sale on Tuesday and Ihurs-
dav of the property of the estate OF Valentine u.
Hall attracted a large attendance. but there was
the usual hesitancy about bidding, ana ohiy wv
OF the parcels offered were sold. An instance Vi
the bargains that can be picked up at the auc'o''
rooms shown at this sale. wheh the hpuSe a'
No SS Fifth-ave was sold for SlSo,5N over one
year ago SOS 900 was refused for the property at
private SALE and property Of the same class IN the
same neighborhood has been sold In the last year
for nearly 100000. owners OF Fifth-ave properly
in that locality are demanding about sfV" i''"'
foot The sale of the estate Of Abner Bartie't' oh
Tuesday, attracted large attendance Oh speou
lators and prices ruled exceedingly low
The condition Of the market for private SAFES re-
manned unchanged the business comparing ia'or-
ably with that Of the preceding week. a soo"
part Of the business was made up OF uaoeS' ~
vestors were on the lookout for properly III al,
parts of the town, and the business was connheo
o. No ono district The largest sale in the week
WAS NJ the southwest corner Of Willlam-st and
EXCHANGE Place for $4,000. The property com
nrises old four and five story office buildings. ana
was bought In 1892 for s46Oooo. An ONCE ou'u''s
will replace the present buildings
Another sale reported in the. week was OF 'ne
TOO evestorv brick buildings at Nos. 10 and u
v,u,am.st NJ details have been given out ABOUT
the transaction but Is supposed that the amount
Of money involved was over s5ooooo whch was
recently given for the property In "an-s''
the old Verplanck building. at No 60, was soid 10
the Duchess de Dino for $4,000 and 1t Is believed
that the present STRUCTURE VIII NC ieP'a''O ~
modern Office building.
STORES BRANCHING OUT.
The proposed erection Of a large store in Egh-
,.e,,b and Nineteenth sts by Siegel, Cooper & Co..
az Chicago has caused considerable activity on the
part Of some Of the New-York department stores
in the neighborhood. One large house proposes 10
extend IT'S present store, and II mas reporter Pui
chases OF property In West Twenty -hrst-st and IL
has negotiations under way for two houses adJoin-
ing Some other business concerns are looking
about for property so as TO increase their present
facilities.
Renorts from various parts OF the city are to the
effect that the landlords have not as yet maoe any
promises for lower rents for the coming renting s
season. 1t is to be regretted that they eanno. see
the adyisability of making reductions. and II is
extremely unfortunate that their stuooorhness
should be the cause Of driving many people 10 o'e'
places While the last year has furnisneo the 'ahu
lords a perfect object lesson they nave not seen'eu
"a nroit by IT, and Ii may be necessary lot 'heHi
10 have a few more seasons of vacant houses anu
APARTMENTS on their hands before they VIII learn
the lesson which unoccuped houses teach. inc
renting season will begin next month, put IL VIII
mt show a push OF tenants to brokers ofrces
unless the brokers induce their clients 10 make
moderate concessions in their leases
PRINCIPAL SALES OF THE WEEK.
The amount Of money Involved in the auc., on
.,.. last week aggregated $7os.sl4 against SsSoZis
:, Tho same week last year. The following are inc
nr,ncnal sales at private transaction last week;
George r. Read has sold for the North British
and Mercantile Insurance Company the SOUTH
x;sst corner of William-st. and Exchange fiace'
No. Is to 20 on the former ana NO. 90 On .ne
,.,t.r TO James G. Wallace. for 100000. The
nronertv comprises old four and five story ONCE
buildings on a plot 7o4 in William-st. % IN EN-
change Place ks TO- which is the total
depth of the most southery line IL was poush'
nv. the trustees Of the insurance company IN the
summer of 1892 from Henry Lord and the estate OF
Charles Lord for $3.50 900. and the intention was 10
Improve II by erecting handsome Office structure
a change in the New-York head Of the company
took place however. shortly afterward ana the
project being looked upon less favorably than IL
had formerly been. was finally abandoned. Inc
purchase of the property at 100000 Is considered
bargain. The price per square foot Is less than
E, ont. half what has recently been obtained lot
William-st. property few blocks above
Horace S. Ely & Co.. brokers. representing the
Duchess de Dino. Of France, have purchased
through Benjamin Richards, broker, representing
=
ST., consisting Of an old brick building. 2S7xlosx
225xslS, for the sum of $4,000 The plot compris-
ing this property has been in the Verplanck family
s M Tss W asS The total sae
Of these two properties will nov be SsxU or about IL
ssu msa w an nereS ns
the Duchess de Dino received recently for the
sSaS :ss sSs o , Ct hssr levy ea w%
:is. Sos snd Tgorted Will be erected on
goldsmith & Plant have purchased from Mrs.
Israel c9Ise the brownssone aseing property No
tssntS.ss sd!eInins VIII Henry MoTsepNtS'ssH they
No is and they wili improve jointly an three pro:
sse BY 1 o ns %
sSss WIN s ss SS q 3 al S IS
held by four interests that WIN work in harmony
snIs Se and a?s sfa
e and 81, and siegel. Cooper Co. Nos. "a to the
Thomas Matthews has purchased No. 1873 Front
e; 2ssas feet six-st0ry iron and brick building
Hugh o,Neln has purchased plot about ssxls'
feet. running through from Twentieth TO Twenty
arsi st.: sii4 ieei west Of si1th.avss from the
%sa!y sTass a ind So West NV
&; the s srs the s %Ss M s'
from the Congregation shearith Israel in 1852 for
which was set ASIDE s' $50 Every s oe
ea 81 e CID lni
declined and the trustees of the congregation say
II will never be sold II is reported that the Con-
gregation Shearth Israel has decided not to sell ts
present synagogue site in Nineteenthst. near Fifth
ave-. when they move to their new building at
Central Park West and Seventeth-st., but TO lease
1t for a long term Of years
Mr.. Kayser has sold for Philip Braender to
Frederick Potter and Clarence H. Kelsey. trustees
Nos. $3-45 East Twelfth-st an eightstory building
axe 5ox7 for 500 600 and for the estate OF Orlando
Of Central Park West and ne-hundred-ands second
S1 feet on the street. Mr.. Braender will at once
improve the property price OF plot, $4,000
Tracey Russell have sold valuable plot OF lots
eleven In number the north side OF Seventy-rst-
ST.. between Madison and Park ayes. for about