New-York tribune., 1895-02-11
REAL ESTATE,
BUSINESS IN THE FIELD.

If.
Taylor property No. 30 Broad st. extending through
to Newest is to be torn down and twelve or Az.
teen story reproof building is to be constructed N
Its place, the fact indicates that Notwithstanding
the existence OF so much of1ce room In the Lower
part of the city, the supply still falls to meet the
demand. The gigantic Manhattan Building, at Nos.
s4 and SS Broadway. also faces In New-st. opposite
the Stock Exchange, and the same Is true Of the
Union Trust Company Building, at No. 80 Broadway.
Since 1880 the floor In that locality has In
creased enormously through the destruction OF the
old low buildings south Of Liberty-st The new
American Surety Company Building, at Pine-st
and Broadway will be SO6 feet in height. and It d
estimated that the office population VIII approach
1000 IL 1t does not exceed that NUMBER Inc same
is true OF the Manhattan Building. weIl-knowu
real estate man illustrated the accretion OF once
population in certain neighborhoods by giving IN
estimate of those who daily spend their once and
business hours in "The World" The Tribune. The
Times" the Potter the Vanderbilt, the Bennett and
the Morse buildings. and In Tempie Court' au
grouped in the comparatively small area east ana
southeast Of Printing House Square TO this group
will soon added the towering structure now being
reared nv the American Tract Society at the SOUTH
east corner of Spruce and Nassau. and the addition
of four stories TO the Morse Building. bringing II
to an almost equal height with the iast Named II
was said that In these nine buildings alone an as'
gregate Of rot less than 1000 persons VIII %
housed during the busy hours OF the day, when
the offices shall have their full complement OF occu'
nants II reveals not only a tremendous degree OF
onerpv in the metropolis, but an unlimited conn.,
dence on the part Of capital In future possioin'es.
II is singular fact, too, and an uneXpec'eu esuit
OF the introduction of the high building EXPERIMENT.
that apartments on the higher floors ABOVE 'he
It'll ard fourth are the most sought and COM
noand greater prices than those on other hoors'
This Is accounted for on the theory tha' win
swift elevators II matters little on VIVA. "ooi a"
office is and those nearest the top Win the
tage OF natural light and fresh air ana oi'e".hes
a comprehensive outlook upon the rivers ana inc
ba rbor have come TO be regarded most desirable or
all 1t is certain that there Is constant emuiation
among builders in the direction Of Increased hegnt,
and this would not be so unless the topmost noo''
we're In correspondingy increased demand.
The lull in the real estate market produceo W
49, root s.orr, OF last week was followed by tho
announcement Of another sale OF Government
bonds 1t is believed that the determ'na''o" y,
the Administration at washington 10 n
tain a gold basis with or without currency
legislation will have beneficial erect upo" 'e@s
ns,ate as we'll as other interests. Indeed, brokers
declare that they already discover signs VI un'
usual activity near the opening OF the spring sea-
son, and they correspondngly cneeriui over 'a'
The statistics of the real estate ac,y1 SI1
mortgages for last week show of the CORE.
spending week of 1894 for the rst tine r ~ ear ~
as' %0n,s Wask Tns have reaSs5sa
oo as eomparssdM re- M %itm fdr s5 week before that
'iThs % recorded number 1885, of which
si nominal the s remainder ,b Peng aaS
Twenty-fourth wards there were ffty-seven trans.
fers Of which tTenynne mennS wepe to sssw
For the corresponding week OF last year .ne
fers numbered Only I% oL Oh inwastment m, Of "
In the Twenty-thrd and Twenty-louss,n am,.
80! sc! ss5l 5ne 0'ns'' ..s numbered ,os and
inyoived sis 400 Nearly half these loans, ~.
representing 3s were made ,o az az per Gere cena at IA
lower rate For corresponding week Ioo 81 Sis Sst
Shers scn wSrs s oap svoRns s
per cent, and twelve. involving s"Vo'""' "e's 90
There we're filed in the Building Departmeens
plans for % ,,o new b
OF 1894 plans Tor forty-three new buildings to co''
loving HS";y p %nads Nay s50
Ii H. Wsss 7Ssssi I ssl sss
for estate; No i3 East Slxty,seventn Gill; zuH
i% sor % tSsf-s'S Se. 'Sfs 81 East secondst
22xlO2 fourstory dwelling erected by Lynd
23x67, four-story dwelling, for Mrs Emma Lud-
Charles Strauss. assignee of John G. Prague. the
builder has sold plot of vacant iots' l"llNi"
l. Kennedy has sold the fiye;st9ry brick sPsrt;;
meR MdSsn 9OSle ii SSTlS Ss1a% sf fsf 5Sg Arthur
H. a. 4 W. P. Hurlbut have filed plans for the
SdE sa Of 0
five feet east OF Brook to cost Sl2e
Steinfeld & Newberger have filed plans for the
building OF two hve-story brick iathouses. Mad!-
son-ave.. southwest corner OF One-hundred-and-
second-st., to cost $4,000. -.
Ben niamin Robitzek has filed plans for the build
ing Of three two-story frame dwellings In west side
Unon-ave.. $50 feet south OF kelly-st~, to cost
s. 400.
John Petit has filed plans for the building OF .
seven-story brick store and office building In
Liberty-st.. northeast corner OF Greenwich-st, to
100000.
Charles J. Williams has filed plans for alters:
tions to one-sory brick dwelling .o and nd store %
West End-ave, to cost 5000.
William c. Strange has filed plans for altera-
tions to a four-story and basement brick dwelling,
No. 81 West Twenty-second-st. to cost 5000