New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-22
REAL ESTATE.
BUSINESS IN THE FIELD.


sneculation the coming of which has been hooked
for with much eagerness for many months bacK
The real estate dealers In Cedar Liberty ana f.he
SITS are looking forward hopefully TO the clearing
up Of some of their extended lists OF properly iof
sale.
There has been much buying for improvement
though 10 a less degree than in the corresponding
period OF last year Ground Is being broken all over
the city for improvements that are IN contemp.a-
ton. Notable in the central part OF the lsiahd are
IN. excavations for the hotel at Forty -second-st.
and Madlson-ave on the site Of the Hotel yelling
TON which closed a few months ago. The syndicate
connected with this purchase is composed OF Messrs'
Hawke & Wetherbee OF the windsor hotei Noh-
gresham James J. Belden. of Syracuse; H. beNlecke
and Joseph Hestofner. II was the ori2inaI lhteh-
ton Of the purchasers to build structure fourteen
stories high The plans have lately been changed
70 an additional story making nI,een In all. The
building will be massive; the exterior Will be OF IN
diana limestone and granite. The style VIII De Oh
the Renaissance The same arcnitect mas Oeen eh-
ployed who planned the Waldorf and the New Meth
ernnd
The increase In the number OF hotels in New-fork
City OF recent years has suggested the opinion that
the business seems In danger OF belhs o'erdo"e'
Inoury however from some we-known hotel So
cieties does seem to Justify this pehet IL Is
said that in the days OF the Grand Central, the 81.
Nicholas tho Metr)potan and the Victoria, all or
which have recently been closed the accommoda-
lions provided by each house we're reaHy ia'ser
than by any corresponding number OF the HloTe
modern buildings recently built There were times
It Is said when each of these hotels could supply
lodgings for 500 people. but In the modern notes.
Notwithstanding their great size 1t is rare that more
than $40 guests are accommodated
The fact that the new hotel at Forty -second-st'
ana Mndson-ave. was bought by syhoicdte' ~
which Messrs. Hawke & Wetherbee are assoc't'e''
led to the belief that these gentlemen were 10 hDan-
don the windsor Hotel This. however. proves 20
be erroneous "a It is said authoriatveiy that they
Will conduct both. The hotel VIII not extern
the entire front OF Madison-ave., put the proper!
viii all be under the control Of the men named eN-
CON, two houses An additional house was pur-
chased within the last few Gays by Mr. BeiGeh u
the syndicate This. however. it is SAID was %
secure the benefit OF light and air, which might
have been Obs;ructed II the property had Passe'
into other hands. Apropos OF the windsor Hotel Il
is interesting to know that the site upon whlch !,
stands. together with the additional area Included
In the Same block. originally purchaser py
Robert Goeiet for the sum OF N,v' ms property
h1s continued among members OF the family ever
since II ~ understood that one OF the reasons why
Mr. Bedcn retired from the Windsor Hote! ana ''s
owne rship was that he dil not care ID rene"
lease OF the land at the present time preferring to
bc free 10 avail himself ~ better terms than we're
possible under long lease at this particular perlol
OF depression l. IA also sad that aita"s"tr''
have been made between the immediate hers OF
Mrs Paran Stevens by which the land fronting on
Ftfth-ave Will continue in the possession o. tne
rroird rent system Identified with tho disposition OF
The proposed erection of the new hotel at Thirty;
fourths; and FIfth-ave. 10y John Jacob Ast0r had
value upon all property within that immediate 10.
cay WIN TnsPg % So iIpa man aI few DAYS ago
that with the trend OF trade up Fifth-ave toward
interests which, unless checked might nave hai ,he
effect OF materially modifying the value or the Astor
Ffth-avc 1t is believed to have been their purpose
10y building these hotels h"re, 70 render them 50 At
business community Central between linton square
and Inc 1eSsGpmsh
s Of the first signs Of ;he adv"ntags thaI Is 70
S as in fs a OF ins 0 Ss SnN aai the
residence Of A. T stewart. az the northeast corner
before he constructed his great marble palace op,
positc. the northwest corner; is being remoieed
win a view TO its occupancy by NJ. Knoel.er the
we-known picture dealer. whose establishment Is
n%T Sa a. odon arkt continues to show only poor
results to owners. and 20 provoke the inquiry Why
The sales last week aggregated only the sum ot
ssiS.3G5. During the corresponding week or last
year the total sales amounted 10 SLl@ssl.
The private sales OF the last week have agsI re-
last year the total was $4,000 The statistics Of
Indicate fair amount of business transactions as
cGmpaISd WIN the Grey'ows We NS ,Sa
changes indicate a slight falling or I'm the gross
The total conveyances OF last week recorded 80.
Of wAlch lso were nominal. the remainder being
week Of last year the transfers numbered 80 OF
which us were nominal. the others representing an
In tho Twcnty-,h'rI and Twenty fourth wards
there w"ro forty nv" transfers Of which seventeen
wore nominal the others showing total invest;
n %rq s,i Of '' against S'''' Tor the same Pe'0'
There wore $40 mortgages last week. Involving
81 62l 2 against the Showing; of the corresponding
week OF Las, year which was $40 loars. representing
s2'ti.oli Two-thirls OF thcs" loans were borrowei
Their s. were fled in tho RuudIns Department las:
week io0 plans Tor new structure, represcntn;
81 So - asains 70 new plans Tor buildings to cost
! Holmes No. 3G6 West one hundrel-and- sixteenth
! St nvc-story apartment house. 25X>5Xl,O. Mr..
/ Stewart takes IN part payment leasehold ~ No.
| 81 West Forty siX'h-st.. At N2e"
/ Jacob kissing. No. e65 Tcnth-avc. 25v7oXS5 for
scven,H-st. a four.s,ory brownstone house. 2ox65x
/ 100. To Frederick Is Kastcns for $1,000
Frederick g. Potter has sold seven lots. l(HXl75
on the north side one -hundrei-an
$50 feet west OF Lrnox-ayc. for about $1,000
estate he four story hotel and restaurant building
2lx75 No 9s I'arciay-s' for about sS@o Mr Joske
| li3 and 10 West-st and Nos. "a and PIG Washing
i ,on-st for s2@S5o on the middle section Of The
Everett Hotel Tho Barclay-st. purchase is also
ha, Gf the same hotel ana the Ss spog b floor OF
| from that street
II. r. Drew & Co have cold for Mrs; J. Cos
No 40 Lexngton-ave.. to Mrs Margaret a. Good
ridge for $3.50
S Marcus has sold for Scot, & Bovine TO David
Frankard Mayer Goldsmith. plot 200XlOO H. on the
south side OF one hundred and thirteenth-st. ~
feet east OF Eighth-avc.. for 10000
J. Il. Ke,cham has sold for W; Il Gu the four
story stone front house, lot 20x6OxlO0. No Mount
! Morrs-ave., to J. Bunker for SCI 200
Collins & Collins have sold for Minturn Post Col
Inns the four-story orownStonc house No $50 Fifth
ave. on lot lSix'6 for about 5000 This property
which Is leased to Wallace & Carey importers until
May l. 1899 purchased by Mr.. Collins through
Samuel Williams In 1896 for $40 $50.
The following the comparative tables for Now
York and N
weeks Of 1894 and 1895:
CONVEYANCES
1924