New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-17
ACTIVITY IN REAL ESTATE
A LARGE NUMBER OF SALES MADE LAST
WEEK,
PROPERTY VALUES NEAR FIFTH-AvE. TIL
BUILDING MOVEMENT ONVEYANCES
Avn NfoPTCtCI.S

BUILDING MOVEMENT CONVEYANCES
AND MORTGAGES.
Renorts OF real estate sales in the last week show
an increase in business IN all parts OF the cry ana
the volume OF transactions Was larger IN the
amount of money involved by over Sl""" tldh i"
tho nrevious week Details OF sales both IN Inc
auction rooms and in brokers' offices distinctly
nroye the fact that In the last few weeks there mas
been a most encouraging and improving move
ment in the real estate market, ana the iSurcs
FOR last week showing conveyances and mortgages
reflect the vast amount OF capital Whlch Is Hhu-
ing investment in NewYork realty.
Property anywhere near Fffth-ave. is increasing
&, value and also in demand. 1t reported in
tho week that William Waldorf Aston was nego-
,atng for the several houses adjoining the
Waldorf Tor the purpose OF using the ground on
which they stand a site for an extensive addi-
ton t. the hotel, in Thirty-;hird-st since the
Waldorf has been in existence the property IN
that neiehborhood has gone up in value. and every
sale shows increase over the previous selling
price An instance Of the increase in value which
is one OF the features Of Fifth-ave. property was
nstanced last week in the sale OF the seVen-story
building at Nos. *3 and 49,, just north OF Forty
frst-st, for about $4,000 This same property sold
few years for $1,000. There great
many house-buyers in the market. and there is
a big demand for vacant lots for Improvement
THE BUILDING MOVEMENT.
Of interest In building in this city. and at The
building Department the statistics OF plans filed FOR
new buildings showed increase OF i02 and in the
amount of money involved increase OF 81 975 375.
The opera lions on buildings have been in great
measure restricted account Of the strike in the
building trades, but IT now seems as though a
satisfactory agreement had been reached. and this
week will probably all the men az their work
again The strike has put contractors back in their
work and this. with the constantly increasing
new business in the market. will cause such AN
accumulation Of work as 20 make IL necessary 10
employ large forces Of men, and those who under
stand the building trade and who nave been out OF
work may not find it hard get employ
The building movement has now reached tremen-
dous proportions. and it Is the most interesting
ard prominent feature OF the real estate mar
ket In tho last week there several sales OF
Old property south of Cana-st. lying both east and
OF Broadway which will be improved by
modern buildings. That part OF the city far up
As Fourteenth-st. ir undergoing a rapid
change in the character OF the buildings, and in a
few years there Will not he let any OF the old
landmarks which have stood untouched for the
last quarter century Architecture and Build
ing for the last week has this TO say OF the i'm
proyement in the building operations:
Referring to building operations. We may say
there never was time when such amount was
beIs done in the Improvement Of old properties The
eharacter or these buildings. too. should be taken
INTO consideration. These operations are not
nned only 10 select sites at the lower end Of New
York. Vast being expended on Broad
way, above Canal-st. and another year will gee
a m Sh e sd Ii Ha
work is going on. Builders have again become
large purchasers OF vacant lots. and the city Is
likely 10 more work started than has been
Undertaken before in five years. The result will be
large demands the architects for designs
alid the OF immense amounts OF material
Inese results are indicated on every hand An ad
vance Of 10 per cent In the NUMBER OF land pur-
chases In New York ana 20 percent in the number
oi building permits. and 70 per cent in the land pur
chases in Chicago cannot fail 10 have their mean
Ing. and that Is "A large seasons work In building
large use OF architectural iron. brick terra
Gotta and all other items OF material. fittings and
finishing of houses. stores and Office buildings
SALES IN THE WEEK
The amount Of money involved in transactions
through brokers' offices last week aggregated
10000 and in the auction market s536 124. against
s@el's in the corresponding week last year. The
iohowng the principal private sales last week.
exclusive Of yesterdays. which will be printed in
The Tribune tomorrow:
lanes II. Hayden has sold his four-story brown
'v IN, dwelling 25x0O, No. 10 West Fifty third-st
"lmerdins & Field have sold the three-story