New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-11
REAL ESTATE.

There some pears VINO thihh t'd' W.
OF business revival is, in a measure, respohs'p'e
for ,vbat they regard as Fictitious valuations
but that there is much money ready to go INTO reai
estate was manifest in the transactions at the
Broadway salesroom last Thursday, When o west
Side Harlem lots were disposed OF at auction III
little over hours. with net result IN safes "a
$3.50 600 There are brokers who recognize that
realty above Fifty-ninth-st particularly on inc
West Side cannot possibly shrink in value ana
that every month and every year must add 10 It's
value Money is watchful for opportunities 10
make itself generally useful at almost any price,
and It's owners seem to think that there Is no
safer place for an industry of this kind than south
of the Harlem River.
Mention has already been made OF the proposes
now hotel TO be constructed by the estate OF the
late William Aston. at the southwest corner Vi
F'fth-ave. and Thrty-fourth-st AT one time 7"
was reported that Tiffany & Co. had secured the
site for a new location for their store IL Is known
that negotiations were conducted also III the III
terests of McCreery & Co. and Of Benjamin stern.
But the trustees OF the estate did not yiei' anu
one of the largest hotels in the world Will soon oc-
cupy the spot. The estate owns the GROUND anu
buildings on eight lots continuing WESTWARD HoHi
the which will be included IN the hotei Si'e'
and It is said that these eight buildings the leases
on which expire on May /, will Immediately be
reconstructed for mercantile purposes The new
hotel will cost 100000 1t learned on Sat
urday that an offer had been made TO the trustees
Of the Church OF the Holy Trinity. at Madison-ave
and Forty second-st. of 100000 and was Declined
This property has long been regarded as one that
must later. be given over TO trade IN
terests. Its contguity to the West Shore offices
tnads one to the belief that the New-York Central
may take 10 itself the entire block between Van
derbt-ave and Madison-ave, and Forty-second
and Forty-third SITS, and on that site construct a
general office building. Even now, it is said. the
clerks OF of the departments are located In
buildings scattered here and there in the neishbor
hood. There rumOred purchase by the Cen
trail people OF the property at the southwest corner
Of Park-ave and Fortyaecond-st. but flaw In
the title, It IS understood, prevented the consumma-
ton Of the deal.
Plans were filed during the last week for a hotel
to be erected at the northwest corner OF Madison
ave. and Forty-second-st. \ portion OF the ground
on which the hotel will stand is occupied by
the Hotel Wellington. the destruction of which has
already been begun The purchasers Of thr prop
Syracuse, the owner OF the Windsor Hotel, in this
city, and Meesrs. Hawk ana Wetherby, rs proprie-
be the present purpose Of the buyers 10 erect there
a hotel at a cost Of sl.crcO'. and 1t is UNDERSTOOD
that they looking for favorable opportunities Tor
nIsu. * me b"tal nnrihTar1 70 forty-hrd-st
AS Indicating the transformation Of Foriy-secon1-
ported that the two handsome brownstone houses.
i Immediately west OF the West Presbyterian Chqrch,
the north side of Forty second-st. between F1ith
to he torn down ard that office building Of from
twelve to fifteen stories is be- erected the site
S Mo rka an f be otepdny Ia F tPe vi"
The first week Of the present month has shown
large increase in conycyances ana mortgages as
recorded. Compared with the corresponding week
accompanying figures that over s2"oec worth OF
realty has changed hands and oyer $4,000 m
not include the llrSe sales al auction which char
acterized the last week AMI FOR which titles have
last week anountei to less than :25oGGo in value
az compared with S759Go OF the previous week
were nominal the remainder being represented "
q. total Of S.4sl@s In The Twenty-thiri ana
which Il were nominal, the CONSIDERATION for the
others amounting to s,9i5S). For the corresponding
week Of last year the transfers numbered 2l0. OF
which los were nominal the others representing an
Investment Of 1875 266 In the Twenty-th ard
were nominal the others showing "A total Invest
ment OF 5.225 For last week there were $50 mort
the corresponding week OF 800 there were az loans,
Involving The sum OF $500. ''ne-halI OK thess
the balance or the loans were made at per cent
The plans filed in the Building Department o for
ness over the corresponding week Of last year ou,
not 50 large as the previous week OF THIS year.
so. against ~ new buildings to cost @ss" In the
week OF last year.
George II. Read has sold for lanes g. Wallace
9, and 81 feet and FOR stephen L. SHORTHAND No.
The price OF the Cold. Ann and Beekman st.
property. sold by John Petit was erron ,c.
Peter Wagner the builder has closed out MS
row OF four-story' American basement houses
in sixty -elghth-st.. between Co.umous-aye ana me
Park. selling No. Is = Miss Caroline l. Ward and
No 50 to samuel "; Wormser H. j. Phillips CO.
and beverley Ward the brokers.
sawson & Hobbs have sold for Cornelius ":
Luyster to Bruce Young lot on the north side
ave price $1,000: also for Walter u. Starr the
three hve-s,ory three-famy fathouses. Nos ~
l23 and 10 West neutrality-suspicious. h'rd-s;
on plot Mxssl price. $4,000; the purchase was
made by an investor.
Charles Griffith Moses has sold for :. L. Laderer
side OF the Kingsbrdge Road. % feet north OF
Onc-hundred and-eighty seventh-st. size 2Nll2
Mrs Lucus Tuckerman has sold through Charles
: Brown r. No - West Thirty -ninth-st. four
George r. Read has sold. for the estate % stephen
+ Shorthand. the tve-stoTy building. on lot 21NS'
No IS Beekman-s,.. to client for Investment ,
Schlag q Rchtberg have sold conformity WIN Ar.
Kayser the ive-story brick building. lot % Ok
$50 No. l5S West Twenty-thlrdst. for the Morrison
estate. to Edward Heyman for $1,000
building. plot 62lOXlno. 40. +SS 90 1872 Broad
way. the northeast corner of BrOome-st. Tor the
estate OF the late Walter Llnsdon AT abou; $50
0c. No. i36 Broomest. an old three-story building,
on lot 2NiS. about thirty feet east ~ n" corner
parcel. for the same estate at about 5000 an! ior
the African Methodist Episcopal Church. the eiin.r
on plot SXloo. NO PIG 10 go SulliNdn-st.
J Edgar Leaycraft has sold for William II. i}o,-
jer the threestory stone front dweiling l9tXoNl5.
No. 8l West Forty -siNth-st. FOR f2L0O. o. John
Faon.
stsber q smith have sold for W. H. Murphy and
Mrs Paddock the vacant easierly block front. POLLOK
third and e-hundred-and-fourh SITS. to Builder
Robert Dick. FOR 100000 The plot will be improved
by the erection Of Investors flats
story business building. 10 ii Warren-st. Win 10,
2jx75 for Mayer Kahn 20 a ellen, FOR investment.
The price paid was little above $4,000