New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-23
THE MARKET LESS ACTIVE.
SUMMER DULNEss IN THE REAL ESTATE
BUSINESS.
COMPARATIVELY FEW TRANSFERS FOR TIE
wrEK-EFFrcT OF THE TENEMENT
HOUSE ACT-CONvEYANCHS AND

MORTGAGEs.
The last week in real estate has presented de-
cidod contrast to the preceding one, when big sales
we're numerous ending with the announcement OF
the sale of the lower broadway property 10 inc
syndicate headed by Spencer Trask co. Inc
number Of parcels disposed Of last week were h"-
tied the reported aggregate investment peing aDou
ST. 10000. Real estate men say summer duhess
has now settled down upon the market. num-
her ~ leading dealers have arranged for European
vacations. or course. sales Will be made all
through the summer. and at the present time
number OF more less important TRANSACTIONS are
said to be foot Generally. however, there ~
likely to be lu in the market until aftcT sep
TENDER l.
The chief transaction OF this week was the pur-
chase by the Durlands Riding Academy Company
Of seventeen lots Central Park west. SMty-
sixth and Sixty-seventh SITS. six OF the lots 'front.'
ing on Central Park West. eight in SiNty-siNth-S'.
and three forming extension TO SiX'y-sev"hth-
ST, The aggregate purchase price was sS2l" on
the plot Will be built now equestrian ana
cvcllnr school and clubhouse. The building VIII
he OF Ave stories and hrcproof. and 1t IS estimated
Will cost sf0pp There Will be stores on the lever
Of the avenue. The riding hall will b" go by s'
foot. and with seats arranged In amphitheatre
form.
TO HAVE A BICYCLE HALL
Above VIII be n bicycle hall. 23ix" feet, ana on
he
another bicycle track 2ooxeO feet There will I've sew
cral club rooms "A Turkish and swimming bath. sta
hlcs and bachelors quarters. The architect Is
Henry r Kiburn. James l.. Libby & Son ar" sail
TO have negotiated a loan Of 10000. with which the
enterprise will be put through. Some OF the seh'rS
OF the land were: SIX lots fronting the avenue.
Is,xloo feet estate 81 Charles O. Ravens two al
Joining lots In SiSty-sxthst.. Alexander Moore.
lot 2,xloo IN siSty-scvcnth-st. 10 feet west 81
Central Park West John D. Crimmins; adjoining
two lots to the west George F. Johnson
one Of the last big building operations Of the sea
son to get under way Is the lower BROADWAY prop
erty mentioned above and sold 10 the Spencer
Trask g. CO. syndicate. The work ~ tearing down
the buildings on this property. which is located OPP
poslie Bowling Green. began last Monday.
The building season generally f. now well under
way Building operations In the suburbs and the
country investment business ar" reported to be IN
an improved condition. AZ result II the general
bcftcrmoui ~ trade People ~ small means are
now able % borrow money TO build win much moro
easily than last year.
TENEMENT HOUSE ACT
Real csta,c men AMI builder are generally IN
tcrcs,cd In the provisions Of the new Tenement
house act Plans wore practically completed r"-
Gently FOR iwo aparfmen,-h1us"s which VIII b"
among TIE first buildings 80 10 cfec''! under .is
provisions. A. statrtics % 'hc F.f" department.
this city show ;hai - ler cent - -" i-'s In ir
frtFfl'f'i -rfN anu iiti''''
although nc latter only q peg cent - ne total
hui Glngs O, the citj ihc requirements - o." n'"
lgw AZ 20 .he use 81 rsegrl1f material ~ certain
parts n the building aye very important IT."
law a.eo contains provisions or lettering ne san
uarv con Mtlons OF the houses L. which u par
uculariy appic'
An important provision - tho law Is That which
saws. .'Hencoforth n, ton. nent shall occupy NOR"
than - per of inside lot. nor m'Fr than -
per cen, Of n corner lot: any shhf or court % less
than twenty-five square feet IN area hclns consul
cred "a part ~ tho but ding and not part - the
free air space" Under tho old Aw the tenement
houee was allowed to occupy = per cent on iaHi"
lots and - per cent on corner plots
Tho two apirineni-h1p-es f,r which the plans
under the now law have been prepared ar" Ir'-
'c-tcI hy Jar,hls Brothers. the architect beng
John . Hu-ne They vii Doe pot % ihe south
eth. 81 si.ty- fourih-st 1911 fccf west ~ Erntn-
ave Their height VII De i've stories Each W.
have a frontage ~ 'if0 feet ami depth 81 ."'
feet the houses 70 cover loss than 10" l"gAi - per
cen, ~ me plot IN So w'l p" "ionhl" nAis each
Moor containing accommodations fof i"' families
IN. facade - each hIillnE WI he - hr'~nsfone
49,, o., ,h. second story Above vii hr Eight colorci
hrirk trimmed With Limestone. Il .s estimate tn'
cos, ~ each w.u be- tl.cl incrIing al. improve
ineuts.
The e,airways ard hail partitions Of th" ne"
buildings are - Dee 81 Sos burning or hrrlf"'
,oos.ri,ti9n From the basement 70 iho nfsi floor
the stairway VIII To- li's'r''' ~ ''''N ''''.' ''
arcyroof doors at the top and bottom Tn" o.'n-
ings 10 the aumb-wa.for shafts ".N have H'4'-'o
ing nrcproof doors. IN the matter ~ l.shi al ven
, ,ri .,,,rv room 90 matter n0s small viii
have a window which opens on in' ont ar
PRINCIPAL SALES OF THE WEEK.
To following were ,hc principal transactions %
the week through brokers Offices
Nardc.baum 4 Levine have bought from u"
Edison Electrical Company the pot Of land WIN
the ,wo ihrce-story buildings \'f - ana -
re,rl-s, between Fulton and John sis.' for about
Tn. story nathou,e. win lot p 5Nloo. at Am,
br Il'nry Ah'i for about $3.50
Fay Il S'ac,m are reported 10 have sol 10, FOUR
story tcn'mcri house lot Z,xsDe. SO 90 hrooi"'-
l. priyac cntlac, rhlP ic.e'',n ms io,a 80
l2s West T.cnreth-st. ihree-siory private Iw'in'S
Win extension. lot l9ro'H, Tor builders James y.
Frame Son. 70 richard Iani r ig[ 800 Soll so ,2s
Wesi For,ysecoud,s' lonr-si,,fy = 'rG~ms'9 IRE
Collins a. auction on May for ios2. and WAS sold
Ds V"rra n' Msslomesa o, so s., columhusave
has sod Tor Henry Abe. the nvr-story hath'use
dsm-aye, 2sxlCo. for $3.50
Julius friend has sod for Moriz Etinser ne nye-
SIC 25xo5. to j. Schn'z ON privIiie :, i'rm smman G.
Foi,S z ~ ,d io w.t." fonrsory 6rick
building 1850. :or so"o 10 the estate OF H''""''e'
way. on io g iox7i sNcxS! 10 for J. Frank Carroll
TO John Morgan James. for fp,rp 49,. ,,,
Nathan Blur has gold No. a West Fifty -thrd,,sil
fouf-siory biovnstone dwelling. lot 2'S'Ss Tor 'D-
Edmond j. Sause has sold for pr Peter w Kay
the lot with Old building. 40, u Noos'e'-S' l"
Richard Walsh. for about Ni.oU
CONVEY ANCEs AND MORTGAGES.
The following table shows the number OF CON
vevanccs mortgages and projected buildings Tor
last week and the same week In 1884;
tONVEYANC Els 40.
June 1871. June II 20
Inclusive. Inclusive
~, -, - 2us 2s2
TOTAL numb, s25eGss5 s2,5ib3
Amount n',"..,pi ''''''' ',..,... - l57
..'4i''' ON u ,ris IL
'"l num-" ,.',,,, ' ......... S2I1.5si f25o.GsI