New-York tribune., 1895-10-14
REAL ESTATE.
rr-srNEss IN TIE FIELD.

There Il no doubt that rea! estate men oeNe'e
there is exce,.en, ground for falth IN pro" So
ing out OF the results OF the fail ana winter "iue
already opened II has never been ass''".u ma
a great rush would occur with the coHiihs u i'19'S.
1t has been con,ended al along that In the matter Oh
the stability o, vlues IN the most trying perioi u
monetary panic that this country has eHpe'ie'oe'
since 1873 real estate on Manhattan Island mas pee"
without serious nuctuaiion In value. An HUN ~
the marketable value Of land here. a. denOhSF|'1'
by transactions that havs taken place WITHIN VIZ
last fourteen months. has been provided. IN ho''"s
has there been 40 much seidilstn@ss az III rear
estate Complaints are sometimes heard thl' Ne
man Of limited means IS debarred from entrance 10
this field OF investment II T. declared b; agents
that he Is no, shut out. A thrifty man VINO "aS
aocumula ed sufficient to make deposit oi 10 or -
per the purchase price OF almost any pee
OF and within the municipality can secure "'' d.
moderate rates OF interest and on long time from
any nrst-class association engaged in loaning monsy
on time mortgages There T. probably no oiner
place on this continent where a man who has prop
erty with his tl;le thereto clear can go easily Dorro"
money for Improvement as in New-fork CITY
While there has been little more spirit IN the
market reflected n the aggregate OF sales IAahe
during the last week. the record hardly reVea4s
the degree OF activity which has been hoped TOT
by many Of the more optimistic dealers whose views
have been from time to time presented to the read
ers OF The Tribune. Complaint has been mace OF
.ae regarding the ndispos,tIon OF the seller 10 ap-
proach more nearly tho terms offered by the would
be buyer 1t is said that marked change is beng
reflected In this regard. When person owns good
piece OF property contiguous to lots on when I'M
por.ant improvements being effected his IDEAS
as TO the value OF h's own holdings become Inflated
and ne has been IN the habit OF obs;inately cecin-
ing to listen to any proposition WITHIN the ooun"s
of reason. believing that eventually he would GO
cure his own figures. But holders OF such re@.ty
have frequently been forced 10 realze Of ate that
they cannot play the dec in the manger. Il has
been no uncommon thing to insignificant
property completely Isolated and rendered pracr-
cl.ly useless through he construction OF great build
ings every side. VIII its owners ever med'atihS
upon their own folly In rejecting gooi offers when
available and looking forward hope!ess.y 10 their
recurrence. Instances have come 20 h2ht "nefc
owners Of buildings OF the old style whose property
has been sought and the offers refused would b.
delighted now 10 sell at fourth Of their exalted
valuations which they placed upon IL wnen they
the tide OF progress and recons'rucion aivan'-
ing toward them The disposition OF those capable
Of perfecting great Improvements mas been 10 DIZZY
lots directly connected with each other When the
holder OF an Intervening plo attempts to secure an
excessive price he should remember that by placing
himself i'm hole as IL were through putting his
property beyond the reacn o. either o, his reigh-
bors. he has been guilty Of folly FOR when ne mas
nobody blame but himself
The private or the l1St week aSSFegaA~il
100000 as compared with sl.2OOoo for the previous
week For the corresponding week of 1894 the total
private saes were s2SiG5D0 IL will be- observed by
a comparison OF these figures that the results OF
last weeks private sales lnicate grea,st a.a'y t
in the realty market than has been experienced loI
some time In fact. this activity was not conhne1
to sale. pryaie eoniract ne Pr1vgd gT Tbe
auction sales aggregated NUZ. 500 FOR the last "rek
nidcsni reaching a total Of only 1896. Las,
year during the corresponding week me result o.
I'm Brooklyn the auction sales for tn last week
amounted to The sum OF sl5}.75 a. compared Win
sl07 "a for the corresponding week " 1871
The total conveyancos Of last week recorded Were
22 OF which los were nominal me remandrr 0sng bn
week OF 1924 tn, transfers numbered 1871. OF which
irD we're nominal. The others represented an IN
In the Twenty-thirl and Tweniy-fourh wards
(omltng the annexed district; Act OF ss, t@n@r- @
were nfty-hree transfers. Of which twenty-ihree
We're nomna mn Il nF ae,nst se SIS for tie same period
Twenty-four;h wards. including the annexed dis-
There were 259 mortgage la, week Involving
ss AGAINST he shOwRf :. T 81 81 aS; OF
h. Ta mone1 me eS"S Sar BBorroWsd At ra Of
ceesl.ng per a year The balance OF the money
There were flci in the Building Department las;
week slxty-four plans FOR new buildings. represent
s5sssco in the same week q las, year.
W p Rushsr has sold for Mrs d;: Eii.a0fs F,S,,y ".
oighth-st a four-sory house. lsN5'Xoo' on private
-
The Worth House building. az the northwest cor
ner Of Broadway and Twenty -ffthst.. and adjoining
property in Broadway. together with larSr, OLD
fashioned mansion In Twenty-hfth-st. next TO the
old hotel are N be torn down within a snort time
ana on the pot thus secured the largest office build
Ing yet erected in the uptown business ds,rct WI,
h4 built The site OF the proposed new structure
fronts % feet on Broadway and lSi5 feet IN Twenty
ffth-s, The rear measurements are irregular. On
this MO. tweive-story 1reproof business building
will he erected estimated cost OF sNooW cyrus
/ W EidllfZ will he the architect. whose specinca-
lions provide fer modern improvement
a RAYMOND. the ciothier. contemplates the
erection or twenty-story building. with every
modern Improvement. plot about 100 feet square
~ ,he sOuheas; corner OF Nassau and Fulton SITS
Tho pans VIII soon be announced
I, Is reported that Henry Corn has resold the
buldlnc No s}l Broadway. which ne purchased
recently at a profit over the price paid by hrl,
silOC00