New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-08
REAL ESTATE.
BUSINESS IN THE FlELD.

y
Tho ,Ia,s - tho late Mrs Parar Stevens. as pup
ushad in Tho Tribune on Friday last on the supJect
Of tho future disnosition of the victoria fio'e P'oP
erty. Fifth-ave. Twenty-seventh-s' anu ,,,
awakened considerable interest a'nois P.opy
holders IN the locality directly north Oh Man's'"
couaro orhsr of the stevens family by mar |
rage has s,,ce admitted his knowledge Of the penn
ing negotiations though with reservation Vi ''7
names of the parties. and there % e'eiS -, 49,
believe that had not Mrs. Stevens pee" t"N'i, - VIZ
plans which she had In contemplation loi VI. w.,
struction Of a great mercantile building on 'he
toria Uote site would have been carrleu oo" - "
VOL known that Delmonico is seeking new site
for his establishment In the vicinity OF the Mu'"S
IIill Reservoir Should they remove iroi" Tic -
tiers they now occupy, the quauid u P =. |
which the present house stands VIII propao,' ~
some great mercantile house for It's business -
,,ar,or ~ century ago there were few people VINO
would have ventured to predict that the FOUR sues
Of Union Square would before the close Oh t"e ni"
teenth century. be wholly given over 10 o'S'"e
uses but so rapidly have changes taken pace ''i'
ali dwellings have been apahdohen anu ''e -
Is given over to trade and, in limited way "
hotels Now however, there are many wEo 40 "ot
hesitate 10 prophesy that the TRANSFORMATIONS VI
Madison Square will be as radical "a 'nat "'''N' '
been witnessed In the vicinity OF Union SQUARE
Tho announcement during the last week Oh 'he Ter
,ninotlon OF the lease Of the Brevoort HouSe' a.
Fifth-ave. and Eighth-st., IS regarded as = sig
niacant indication OF the changes pending also III
FIrth-ave below Twenty-thrd-st. lhouBh u'''e
still remains a possibility that the breVoor' houSe
will continue AZ a hotel little while longer some
people think that sooner or later the p''p'''' ~
be given over for other uses
pea estate men believe that II a structure OF the
proportions indicated in the plans OF the la'e "i,N
stevens for the Victoria Hotel site Is reafeu '"e
invasion of Fifth-ave. by trade VIII mus pe 81 yin
,picuous that It will only be a question OF snort
time when the great thororghfare all the way 10 the
park entrance at Fifty-ninth-st. VIII be the great
ehoppng district for the wealthy, who must tne'"-
selves meanwhile find other localities Tor th'"
homes 1t Is almost certain that the IaDerhac'e at
sIxth-ave and Thirty-fourth-st. will soon ma
purchaser II the properly Is sold IL Il uhie'SIoo4
that a stupendous business building Will be con-
strucied thereon. The opinion prevails that nouhS
can save Fifth-ave. south Of Central fark ITO" uc
Introduction OF a cable road before many years tN-
ccpt firm appeal to the Legislature for a ID" VIM"
shall prohibit the Introduction Of any railroad syS-
tenn on that thoroughfare for all time 70 come But
real-estate men do not look upon this as po'sO'y
so far as binding results are concerned.
In the matter Of hote.s the recent closing OF the
METROPOLITAN and the possible closing Of the Bre-
WORT following the closing Of the New-forK hotel
about a year ago. call to mind the fact that with
the exception Of the Aston House there Is prac-
ticay no rst-cass hotel south Of the Fifth Avenue
The sale OF the New-York Ho.c! has already demon
strated that the demands for trade facilities are
enormous even 50 far up Broadway as Fourth-st'
II IL said that praCtcdHy d.A ti4' dFH''A"'e 'l'0
provided for in the plans Of tho new building wh'ch
has not yet reached the second story, mas peeh
rented The Metropolitan Hotel Is already beng torn
down. and 1t is said also that long before the ne"
buildings completion persons VINO are seeking leases
will exceed by ecores the capacity Of supply.
Another thing Of interest IN connection with the
later class Of buildings on Broadway and elsewhere
built hreproot principles IS that the hre HSur-
ance rates have increased materially upon other
buildings regarded less safe. ana mat 'he go IN
the buildings are materially Lover GraiIs Sr
air shafts from the ground noor - the rooi are pc
coming mnimlzed The Introduction of electricity
and the system OF lighting thereby as well as OF
accountable FOR improvements on these INES -,
not 10 any great extent. but sufficiently to cause a
feeling Of confidence IN me iliH.e ahn an ~
5 5i5n, dealers '0'N '0' warn " syn ,
sales over the previous week ~ Spt~ am OF ~,
cn Increase as compared with the week ending
The statistics Of the realestate transfers and mort
CAGES Tor last week rhec, large increase Of bust
ness over the preceding week. The aggregate In
crease Of conveyances a. compared with the previous
S %gfs was "a moFtsss oi 1917 wa The total
Nere nominal. the remainder beng represented by
!.Nlg1S. white for The Corresponding week 81 last
nominal the others representing an Investment ~
t54o3'o In the Twenty-ihirt ami T"enty.fonrtn
nominal. the others showing total Investment 81
The auction sales for the week ending April
amounted 10 Sa3il76 against $i95@7 f3r the CORE.
WIZ 5 "gGH s,,c have amoua,c TO- ss2s as
COMPARED with sli},>N for the corresponding week
Thrrc were 30. MORTGAGES last week involving
$50 aeaine IN" corrrsl9niing "ggh Of last Srn.
been made mostly on a rate p'.ow per cent tho:"
were some small loans. however made at a higher
r9erG weie ma in the RuiIdns pcpariment las! las.
Neo'.l'o against . buildings to COS, $dlt1o in
the same week Of last year
vcs inT cdmpnny ihe ,SFet,ory pfv1ic i~@ns
80 81 West ifogrth,., size l'N5Ni022 TO
Bennett \ Gran haye sold FOR Lydia - Mems 70
housc. on bio, ii3xsiXlo0j. II So 81 West sixty
nfh-st. and thu similar house on the property all
Joining. no. b. for II. + stevens 4 Son. to Mrs.
IIIreh Brothers ana II. oppcrhcimer have eold to
s,g;h s5e Of & H. GeSnnng i03 fret 6
four-story dwellings on the property.
Hirsh Hro,hcrs have also so'd plo, with front
S. co Icet west Of Amseri&m-Gve ' to james D.
McEn'ee, who Will erect TWO apartment houses each
II. ". Nichols has sold FOR Mrs. Oliver Hartman
her country e'i at Kyerd W'Td
surance Company. The property consists OF about
seven acres cont1;nnS large brick mansion green
about 5000 The SAM broker has leased to Aex-
and grounds At RVerdale, Owned by Thomas II.
oSs9 aia% MAJ lot los
from Gutwilig Brothers and jacob HirSh
Randolph Guggenheimcr and solomon Marx have
sold 10 j. Hooker Hamers.ey the six-stOry brick
store building. plot il6xl0O2. Nos. POS and 2lO
WOOstor-st.
Anthony |. Smyth has purchased OF Francis Craw-
ford. for improvements plot loNl0 II. the north
SIDE OF one hundred and twent eth-st $50 feet west
OF LenoX-ave.. at about $ii.Nsl
Samuel Mcmillan has sold 10 James Bradley a plo,
100 lxlco on the southeast corner OF West End
and Observation-Disclosures
Henry y. Winans & May, brokers. report they
have sold since March ~ thirteen private houses
or dwellings. aggregating x?200 The following are
the houses: No l35 East Forty-slXth-st at sis ZOO
No Is West Ffty-srconG-St. Al $500 40. IS East
yeighth-st. at $4,000. No. 10 East Seventy -hfth-
St. AZ s2i0n No l31 East Thirty seVenth-s; a, so
Go No $50 Irving Pace. At $1,000; also private sales
Ftfty-fourth-st. west OF SiXth-aVe.
IL hls Atlrlh.