New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-22
NETWORK REAL ESTATE.
BETTER TINES EXPECTED IN THE AUG.
TON MARKET
D. p. fNGRAHAM SAYS CONSIDERABLE PROPERTY
Is BEING SOLD on THE UPPER WEST
sIDE--PRIyATE SALES ARE BEST.

D. p fNGRArAM SAYS CONSIDERABLE PROPERTY
Is BEING SOLD on THE UPPER WEST
sIDE-PRIvATE SALES ARE BEST
Among the real estate firms In lower Broadway
whose interests extend throughout the city. both a.
ieaIers In the negotiation OF private sales and az
auctloncers Is that Of -. Phoenix Ingrsham & Co.,
of No iii Broadway. The members are well known
az experts In values and agents, brokers and ap
prasers Speaking yesterday to a Tribune reporter
on the condition Of the rea. estate market Mr In
graham said:
From present indications think this fall will
make good showing in the way OF business. 10
not think we are going 10 have any grand hGrrah
bur healthy series Of substantial transactions Just
row there ia little nothing doing In the auction
market, as the summer season Is not good time
TO sell. Along in September and October ! believe
there will be a pretty far auction market IN
derstand that OF the auctioneers nave already
quite a number Of large sales their books"
Mr.. Ingraham was asked as TO the advantages be-
tween sales at auction and private sale he replied:
Il have the time when we could get better
prices at auction than at private sale. The last
two years, however, have been an exception 70 THIS.
and the best auctioneers have ADVISED their clients
against Offering properties at auction in the belief
that owing to the condition Of the times better
terms could be realized BY private sale OF course.
there some pieces OF downtown property WHICH
you put up at any time at auction, ana X WI
bring al. It Is worth There ~ cons.ieraoe ousl-
ness as well "a residence properly "Hltn can De
sold more advantageousiy az auction than by private
sale at any time. Private dwellings IN the uptown
districts have not, a rule. been 80 successfully
sold al auction within the period nave named, ex-
cept In a few instances. Oi course. when you have
partition executors sale at auction you can get
as good prices this way and generally better
prices than By any other way. The foreclosure
saes which have been going on during the last Few
months do not afford any criterion, orcause most
people DO not care 10 bid on them for the reason
that they do not know until the auctioneer has read
the terms OF sale just what the membranes are
and they do not have time 10 Inquire respecting tae
judgments. ., 49,, ,, .,
property all along the West Side ives, o. Eighth.
ave and north OF undrei-and-tweniy-nftn-s 81.
This section offers splendid opportunities not only
for investment but for speculation. The inquiries
are frequent and considerable property u beng soi
there These inquiries come very largely from peo-
pie who buy 10 hold with the idea OF doubling their
money / have been surprised at the NUMBER %
rst-class people who presented themselves ana
wanted 10 buy one two three. nve or ten lots of ne
Ward estate which was recently offered AZ auct a.
but withdrawn from sale on account OF private nego
tiatons These people represented the investor cass
This fact Indicates that the idea has gone abroad
that this section is to be opened up, ana II mat
sale had taken place II would have attracted a
large number OF bidders The large INVESTOR nose
who buy big blocks OF land-are not so desiFa pc as
those who 60 in and buy single blocks Win the
view of building homes. They scatter their houses
here and there thus attracting others ana necessl-
tattng city improvements. which VIII not come "nls
the land is lying unmproved In the hands OF specu-
lators.'