New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-31
NETWORK REAL ESTATE.
A WELL-KNOwN DEALER SAYS BUSINESS
IS IMPROVING.
THE SUMNER HAS BEEN THE BEST. AS REGARDS
LEASES. OF ANY IN THE LAST TEN YEARS

THE SUMNER HAS BEEN THE BEST. AS H;GARDS
LEASES. OF ANY IN THE LAST TEN YEARS
PROSPECTS OF THE FALL TRADE.
Tho real estate firm of Charles A. Seymour &
Co. whose offices are the old home OF Governor
Levi p Morton at Fifth-ave. and Forty-st cond-st.
has been prominent during the last Few years as
negotiators of large propertiep The exp renee oil
the members OF this firm has extended Ger Pc
Rod Of about twenty years. They hgused con-
spicuouslv in connection with the sale Of the st.
Luke's Hospital property on Flfth-ave. between
Flfty-fourth and F1fty-ffth SITS. Their dealings
have usually been considerable In high-c'ass prop
erty both with respect to trade ana tes'ueh'a'
sites Their trading has however nor peeh con-
lined altogether to the gt-edged variety ana their
views are OF value with respect 10 every sraue VI
land values on Manhattan Island CharI' a. Sey-
mour the head OF the firm, when asked yesterday
I'm regard to the outlook for fall business sa'u'
.rhere were many investors last spring VINO
studied thoroughly the real estate narhe' WIZ" "
view to placing their money where IL wouiu pe
10 their best possible advantage some iouhu IL
difficult to place their investments advaitageouS'y'
ou,iny IN the condition OF the market, although
number of properties were offered Tor SAFE w"'e"
were strongly recommended by competent proheIs'
But I'm the uncertainty of the times there was
tion about securing interests in the parcels theh
onared These persons now realize that they are
then presented Investors sometimes move . .So
slowly IN ths site of the old Herald Build
ing, Broadway and A I'M ;hs M as Ho
siounut iSiblos Garden. at Broadway and Prince.
ST. Let go further north ana pom 10 ion~ Acre
so;,are recently secured By Hammerste'n en lT.
$1,000 where he Is engaged IN pur
RI post, ""A' =, ~. ,o-s.,r0, Of men who
rders,an1 the conditions Of real estate thorousi ny,
let me point the occupation OF ,ne sue ~ seven
, nome az whereon is to be erected splendid
Off building and To Madisonave ana rory y, IN
oocsss Of construction The Everett House: at
Fourth-ave. and seventeenth-st' and the YES sss
minister Hote, at sixtee NM I,'' wei! known
among real estate that these properurvs ~ ''e
progress OF negotiation were WdtcIeu I.oI', vos
fact that indicates that investors nave tuei n
,Sid omen and are ready avail themselves OF OPP
portunities they come along .a,o,.. with
ast spring there little confidence. WIN
tho changed conditions which have come since the
bond syndicate has shown its readiness 10 nep VIC
Government and since the crops II, ' tors IN the
Increase of values those who have money are mann
Testing daily Willingness to become p ssan sr
Union ground on Manhattan Island ls oHered ior
sale. . a.. o,.,,,,,, trade IN
rea estate should be large ana COMPARE We The
everything in It's past history In TINS CITY ne
most encouraging signs prevail everywhere Gen
real investor has his money In hand. 10 tane
advantage OF the situation Tne NUMBER Oh EASES
of residential property as well as OF business prop
erty In the retail districts in the months OF June,
Julv and August have exceeded any recorded FOR
a corresponding period during the last ten years.
And what Is to the point. prices have been
maintained. The demand for residential properties
Is particularly active with In the Murray Hill
district We could not expect better outlook FOR
the neighborhood. The applications for houses botn
for sac and for rent are argely IN excess OF LAST
spring and IT might be said. incidentally. that last
spring the poorest renting season In years
The demand for houses on leasehod Is greater than
usual and we will find 1t difficult to meet II with
the supply Furnished houses are in especial de-
mand SO far as applications for Inmproved prop
erty are concerned builders appear to have much
confidence the future but their purchases of lots
are judiciously made"