New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-17
REAL ESTATE.
pI-S1NESS IN THE FIELD.

.ro many signs Of uragement for deal
s Investors in New-York real estate despite
,ho many prophecies al the beginning Oh .'e ga
IN that the summer months would DC ""''' 90
,, The influence OF the agricultural report ias'
o,, had a most reassnring effect on al praNches
y, commerce and business. 1t has been known lo'
u .,,,o ,hat some large deals were hanging
n in many OF the real estate offices in the c''y
rhose that were closed on saturday eNci'eu nlu0"
,,.rest among brokers and large property-holdcfs'
~,a movements OF those persons conducting 'hcse
nsyo,at,ons we're shrouded with much mystery lor
49, that premature publication would spoh the
consumma ton OF their transactions
Hotel property below Fourteenth-st mas receNe'
rs share Of attention during the last Few fo"'"S'
Two old landmarks. the New-York ana the Metro
noutan hotels are gone. both supplanted ny
large store and office buildings. work on wAch y
earring completion Last month the Westminster
Hotel property Sixteenth-st. and Irving Pace was
sold for about 500 900. at the rate OF ABOUT s"V
SQUARE foot. II predicted by The tribune III
tho time OF this sale that this deal would attract
Investors and dealers In realty to TINS quarter OF
,ha c,,y These predictions made good by the
announcement Saturday OF the sale OF '"e
Everett House at Soventeenth-st and Union square
The actual price paid for this property by Mayer
Kahn to the executors OF the Phelps estate is with
held 1t Is known that offer Of $4,000 was de-
clined during the last year. 1t Is ruinored. row
ever that the sale Of he property realized be-
tween 500 600 and $4,000
4 piece OF property in lower broadway when mas
been source OF considerable interest to real estate
dealers within the last six months was announced
Yesterday as sold. This enterprise involves total
investment OF s. 100000 In fact it Is one OF the
largest real estate transactions recorded in this city
for some time. \ syndicate headed by Spencer
Trask & Co has bought for N5eoceo the property on
the west side of Broadway between the Washington
Rui,dnc and the old Stevens House. Ii includes
Nos : Z . and II Broadway This sale was made
to the syndicate by c. *. BILL acting as broker Tor
Joseph F. Sticr. There will be erected upon the
plot Office building OF sixteen stories 10 COST
100000.
The building No a West Thrty-fourth-st. re-
Gently purchased by Charles II. Leland for S-NOco.
Is being altered by him for business purposes An
entire new stone front Is 10 be put in. ana the
building itself entirely remodelled. IL reflects 'he
changes about TO be made on this important thor
oughfare. 1t Is rumored that other changes are
likely to occur in the near future to the Methodist
Publishing and Mission Building. FHih-aVe. ana
Twentieth-st. The Methods, Publishing and MIS-
sion Building the frs; high business Du.iuls
in Fifth-ave. 1t completed in 1889 The total
height exclusive of basement. IS l2o feet the cost
was 81 10000 including the ground and furniture
Plans have been drawn by well-known architect
and have been submitted TO the agents OF the
Methodist Publishing House. for the addition OF FOUR
adopted it viii make the building four feet higher
than the new Presbyterian buGins near Ss sal.
was held last week at the Liberty-st exchansee'
ns n1R centre line: 1851 feet was OF
line OF Two-hundred-a min h-st on April ~ 1889,
for s5oo but the sale was later declared Illegal;
the decree had been entered before the 'esai sae
to the on Broadway, and therefore Shout n,i
William Kennedy sold the properly at inc Liberty,
st. exchange for ST. Sgrr 70 10 orn M the Is
e rtS pexchang. than at the Broadway sales
room was a source of congratulation to the mem
IT'S members said. the superior advantages OF their
exchange for Legal auction Inss Of the sales made
on Saturday. the private sales have asgregatei ihe
week was 81 10000. During the corresponding week
in June: 1894 the amount realized from this source
have not been numerous. and realized about one
fourth Of the amount o6ansd unaeI o IKE yenr
Tho following are the comparative tables for New
York conyeyances during the last week compact are.
CoNvEYANCEs.
june s June
z z%ssa 1'S sssIv:i ss'so%$
T Tg,nOe' NUMBER uGia@1' 1w.niy.iiird and
Twenty-fourth wards .,.o ~ .,,o o.
Number nominal ................... q p
Recorded mortgages for the last week Will b.
found tabu;ated below with the amount OF interest
n be paid: also a comparative statement taken
from the records for corresponding week OF last
year:
I I2so 1u InSsv:d ssss7sss s..se -
Number : per cent............ 1l3 ~
Amount involved .........-..... s5l2 40 Sl4'f"r,
Number a per ccnt.............. . - 40 49, %
involved 81 b. lts Sloll'
Number A than ! per cent?. 80 y - ~
Amount involved $l02 400 Sl3'3"D
Number Of banks. trust
and insurance companies .......... 49,. - ~
involved ..........-....... Sfo2sv S2oi4Tp
The following plans for new buildings were filed
during the last week. as compared with the CORE
sponding week OF 1894:
PROJECTED BUILDINGS.
1894 1926
o june
- IL inc
Number Of buildings. ............... 49, - II