New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-11
REAL ESTATE MARKET QUlEl
COMPARATIVELY FEW TRANSACTIONS
RECORDED.


INVOLVED IN THE TRANsFERs-PLANs OF THE
METAL EXCHANGE-THE PRINCIPAL sALr'''
There was not much doing in real estate the Ias'
week. and the comparatively modest hguIe Vi -
900 is thought TO cover all OF the TRANSACTIONS Ia"
hot weather and the vacation season co''
made n sort of nfeess market. although there VIZ
a few features to enlivcn things. what ProoaDs
interested real estate circles as nuch As any ~
during the week the decision OF the hie'
Of the New-York Metal Exchange to accep' VI.
proposition of the Board OF Managers. ana pui '"a
the property adjoining the Exchange at NO -'
Pearl-st, for $4,000 A meeting vas neiu ~ a."
thorize this action Tuesday. and the ihe"'"e''
enthusiastic over the proposed ehiai se'
OF the Exchange 1t further resolved tha' inc
Board OF Managers have prepared ana P'ese"' ~
the members on or before March next plans .o'
the erection Of "A new office building on the Elk
change property. The lease on the properly ~
$50 Pearl-s which is about to be purchased pS '"o
Exchange. will expire on May l. 1886 by "hc" ne
1t is expected plans will be adopted and grouhu
broken for the erection OF the new bui'dihs' A
Exchange property at Nos 2- ana -,
Pearl-st and the corner OF Jonn-st., inclusive Oh
the alley running in the rear OF the Exchahge '''"
this thoroughfare. 1t is expected that TINS extern
sion by the Metal Exchange will greatly increase
the value of surrounding property. There are al
present lofty office buildings N this part % ''
city and there is doubt that in time other prop
erty-owners will follow the example OF the En-
change.
ANOTHER PROPOSED IMPROVEMENT
Another proposed improvement OF property Is a,
Nos 80 and "a Broadway. II has frontage o.
30 feet and a depth Of 200 feet. X. 7. Wilson +. -
Teilder and A. W. Cruikshank have united theI
interests In the property, and intend at an carry
date to a handsome Office building
one of the things which must have been observer
bv the real estate dealers is that in the interviews
with real estate men in The Tribune DURING the
week very hopeful views have been expressed OF
the condition OF the market, and general sa's
faction shown regarding the steadiness of values
The slight apprehension felt In Wall Street OWING
to the gold shipments did cause the least
cuttcr in real estate circles. Another feature III
the real estate market, which is being more en-
phatically demonstrated the years roll along is
the determination OF certain trades and business
branches to settle in ore locality. Inc announce
ment last week that James McCreery q CO.. the
drvaoods merchants would remove from their pres
on, site at Broadway and Eleventh-st. 10 point
nearer Madison Square Garden. Tweniy-thiro-s'''
shows how the retail dealers are getting together
And downtown certain trades have long sought
particular sections. and the idea IS growing among
all branches OF business. The quarterins oil al
most All the fire insurance Offices In Pine ana
Cedar SITS between Broadway and Williamst'
can be taken an example OF how certain pusI-
ness branches prefer 10 gather about one spot Al
though the most iof the fire insurance companies
Ia
during the last few months seven or eight COM
NAMES whose leases had expired along Broadway
have moved down 10 the Pine and Cedar ST.
neighborhood. As the companies become weai'hy
they erect buildings Of their own. and this, OF
course will greatly enhance the value OF properly
in that vicinity.
TRANSACTIONS OF THE WEEK.
Among the principal transactions in New-York
City real estue during the week were the follow
ing:
smyth & Ryan have sold Nos lls and III West st
Ninety-sixth-st two tive-story brick hathouses 70
D. P ingraham CO save sold the Pot IcoxlS9 H.
TN tnirdlst Loo feet west Of Amsicrdam-ave.. to the
plaintiff. William corwin, for $500 ., and Sc East
| Nincicenth-s,.. two sx-story brick haihouseS' to
BTvsn L. Kennedy has sold at private contract
| for William Rankin to v. L. HeydeckeT the Piot
ynIItb9st SO feet west of Eighth
| ave for 5000 Mr.. Rankin bought this parcel al
the Eugene Kelly sale about three months ago ior
B. p ngraham Co hays sod under foreclosure closure
brick tenement house lot 23Slo.5 to Ne p,ail .ed
ings No GO West one hundrel-and-nineie enth-st
,hresstorX 6ro~nToSe q Hsi5n S for 49, also in
similar proceedings. an undViicd on,-hd. III
| in No. 1756 MaGison-ave. a hVe-story oriGk nat
house. lot SoxS5, to the plaintiff Fannie NJ Cp"Ns
s WaIltearss has sold under similar proceedings
the triangular lot on the east SIDE 81
| SIS feet south Of Wolf Place sS.72x766xil7.A 10
| Ellis SouthwOrth. for $40. - H.
| Bryan L. Kennedy has sold. In mechanics zen zen
| foreclosure the right. title and interest OF me
Thomson Houston Electric Company TO the Lease ease
of lots in West Eleventh-st. north SIDE. lto ieet
| east of Tenth-ave 52x9i To +. f.. Kirby, for 81
smyth & Ryan have sold under foree sSsin pro-
| ceedings No IS Last Ninth-st, ieasehod OF d
| nve-story brick building on lot 23xs3.n' to the
| plaintiff Fannie Levy, for Sli.IS' ,u-
| d. = Ingraham & Co have sold under similar
| proceedings. in East One-hund ed-and seventy
hfth-st north side 81 feet east OF Nebster-aVe d
| dwelling.
| to the plaintiff Mary Corsa. for 5000.
| Strong & Ireland have sold under similar pro
| ceedings In Sherdan-ave. east side. lot 5oxlISw
81 oi2xls3 to hte plaintiff. Alfred c. Cornwel' FOR
! N.iOt
Bryan L. Kennedy has sold under similar pro-