New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-11
REAL ESTATE.
BUSINESS IN THE FIELD.


It has been a matter for congratu:ation among
real estate brokers and owners that notwithstana'
ing the continued depressing influences that are for
the moment at work in the security and STOCK mar
ket in Wall Street. the prices for hrst-ciass realty
have not been affected, fact when Is demoh'
strated In the transactions OF the last fortmshI
While sales Of great magnitude are not In evidence
which Is not unusual for this season OF the year.
the smaller transactions are numerous, ana iar
degree OF activity prevails.
period Of national rejoicing over the success OK
the Republican party. added to the usuai e'scUon
holiday character OF business in realty Is In brief
the record OF the last week.
1t is generally expressed judgment that, WHO
there may be period OF duness pending the adjust-
ment of accounts and pending the closing OF BOOKS
for the remainder OF the year 1885, there will be no
falling away OF values for frst-cass New-fork
realty. While It Is unquestionable that there nave
been circumstances in the last few weeks which
have combined to draw attention from even so sub
stantial thing as real estate. this market Is not
seriously affected by what goes on in Wa, Street.
II is not to be wondered at. however, that while
stock operators becoming winded in the race 10
keep up with the fluctuations in the prices. the
would-be investor should pause long enough to
watch the proceedings and ho.d his breath for a
time TO see what the issue ia Likely TO be
The easy money market, the swelling crop reports
and the .arge railway earnings however. are al
ready having their effect upon the investor. whose
funds lying quietly IN BANK vaults Tor Keep
ing. 1t is known that several real estate brokers
have already large investment orders for property
in New-York City. which they unable 10 Ill on
of the ndIsposition Of owners TO part with
their holdings Il undoubtedly the fact that own
ers are now peculiarly sensitive the question OF
how they re!nvest their money safely should
they consent to part with their present holdings.
This condition OF the investor is reason" said
a large of realty in this city why values for
good investment property are 50 well maintained.
The same statement cannot be made of poor, unde-
veloped properties. In fact. values In this latter
class of property have been unfavorably considered
by dealers and consequently prices have been re-
Gently declining"
The section OF the city that IS attracting
especial attention is that lying between Fifth-ave.
the near future it is believed that property within
this area OF the city Will be devoted TO mercantile
the last ten lays have been numerous, and in some
Instances at better prices and far in excess OF al
realty market IN the Twenty-thlrd and Twenty
THE auctioneers," said one Of the largest realty
dealers. ARE predicting very large business during
the coming year. Already they entering on their
books large orders for the early part OF 1886 Elec-
ton week has never been favorable period for
ogence the property sold at the Broadway salesroom
since Monday last has all been offered persuant TO
more activity in the auction rooms in the present
week as the 70 nave s dsn aae az puby
not only by direction of the courts but also through
orders from DESTROYS Of selling their prop
erty to test the market values of their holdings
The statistics of the real estate transfers sn and
increase Of business over the corresponding week OF
last year. -
l52 nominal, the remainder being represented
by total Of s2ss2l22 For the corresponding week
were nominal the remainder being represenIel Dy a
fourth wards. including the new annexed district
there were 81 transfers. OF which were nominal
against 43 transfers. OF which IA were nominal the
others amounting to 1882 for the corresponding
week of 1894 In the Twenty-thrd and Twenty
fourth wards including the new annexed district.
there were SO transfers, amounting to slt5op -.
A7G.s7o and Of these iiS, representing sl,222so,
were made at a rate exceeding > per cent interest,
made at per cent interest, and A. involving 81 a.
$50. secured less rate than per cent in
There were filed in the Building Department fifty
Ave Plans for new buildings at an estimate % G9 s
year there recorded 10 plans at an estimated
Misses ' Olivia E. p and Caroline Phelps Stokes
have sold to the Woodbridge Company the old brick
buildings with plot III ,xss2 and 72s COMPRISING
Platt and John SITS. The company which is capital
ICED 100000, filed articles Of incorporation re,
! Gently, and will erect in the spring twelve-story
office building on the ste No 90, pro.aw.v 9,xs5
with an old lye-stoTy brick building and 10. S3i
broadway 25xs5 WITH LII an od SlX,story bgildnz' to-
will remove the old buildings and erect modern
| twelve-story fre-proof mercantile building on the
corner Of Broadway and TWeIfih-st together with
the adjoinng property No. 81 East Tweifth-s' Tor
Boehm & Coon have also purchased Nos. 532 and
ga Broadway x from eerenf @Y r o
| proof mercantile building the plot. which Is now
Charles L. Harre No Ii Broadway has procured
a loan for five years Of $4,000, at AZ per cent ..
Nos IH and nd lis sprinsst The building is nearly ali
occupied by The total renting capacity VIII