New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-18
REAL ESTATE.
BUSINESS IN THE FIELD.


Signs OF encouragement many and GRATIFYING
Cor dealers and operators in New-York real estate
Notwithstanding the temporary lul In million dol
lar transactions, which is not unusual. following
as IL does on the heels OF election week. The sue
ass OF the Republican party at the recent election
a, beginning 10 bear fruit already among canl
,orsts who FOR time have been pursu,ng n
course OF investigation rather than one OF action
one thing seems 10 be evident to them. However
gloomy the financial outlook may have appeared
judged by the revenues of the country and the per
sis,ent shipment Of gold abroad. men with money
hshind them quick to realize that the approach
ing Congress can be relied upon TO make a salts
factory adjustment or all such issues If is this
conclusion safely arrived a; which is tending more
tAaa anything else. TO restore confidence This is
son,shoW reflected In the movement of the realtv
market for the last week there being a most de-
clled feeling for the better on the part OF large
sneulators. In fact. the largest aggregate sales
- any week FOR many months Is tho gratifying rec
orl FOR the seven days Just ended Sales by brokers
and by individuals for this period foot ND about
r0sl The auctoneers also secured their full
sha-e o. The business done. They realized 81 5oooo
vrsch amount. added to the private sales. shows q
,o,a o. 10000 Yet there is room for improve
men. While the market has certainly taken a
turn Tor the better there is still lamentabe lack
o, investors other than professional
sad vell-known rea-es,ate broker to The Trib-
une reporter:
reaestate marke, as investors until they have en-
loved period o. prosperity IN their own line OF
business iAat viii give TO them surplus OF profit
For the .ast TWO or three years business men gem
orally have not made any money which they could
Sc, aside for investment In real estate 1t is ex-
yertei however. that during the coming year in
yesiors from the mercantile class in the community
I'll De- IN evidence In the realty market While
there have been many sales recently made 70;
cash 90 Is apparent from examination OF the
lecofls mat the principal portion OF the business
n real es'a', Tor the last week was the result OF
traG'nc ont piece OF property for another. either
By way o. exchange or IN part payment Of oblga-
The question OF providing single exchange as a
ros.iuie Tor the TWO that are now carrying
hasiness. 20 The confusion OF purchasers as well
. st.riS IS once more beng agitated Should one
b gwen up or should the two effect a combna-
toa on an amcable basis are questions that are
10 which method shall be finally accepted. At
isrs as an effect Of this separation OF interest
which should he centred in one locality. real
seoHs The necessity Of combination in the interest
q, H. Sc seie1 at least pece OF property was
Iroperjy By mistake they cot into the wro 5r
achange. and while they were there waiting the
property was sold at the other exchange a price
roo below what they stood ready 70 paw This is
Only one OF many instances where # would be
ne Vantage % not only the auctioneers. but to
have ali business transactei at one exchange
Property-owners along the line Of Etghth-ave.
have pren stimulated TO renewed efforts the last
ssek by ne fact that The MetropoItan Traction
company mas acquired the street railroad there
Aia Gown. ana proposes TO put the existing line in
arst-class shape, with an underground trolley sys
Q, The City by running through streets that give
more direct route. 1t IS believed that when the
sheme o. reconstruction has been fully completed
hey WI Dc 1ole 10 C@rls passrifeSs Iron from IN Ine
that ne elevated railroad. by reason of its nu-
nerous curves. loses about twelve minutes IN iran
81 from the Battery Harlem EEhth-ave.. be-
ing a comparatively straight line from the Harlem
Rive 10 its southern terminus. will probably be
one Of the most interesting items of news for the
las; week was the announcement by J. Clarence
Dawes broker OF the big deal in vacant land
across the Harlem. The deal embraeed about
er;y is situated in Sedgwck, Undercliff. Mont
somery and Lee ayes; between One5h undred-and-
seyenty-siXth and one -huncred-and- sevent y-seV-
enth SIS. This Is one OF the LARGEST operations N
ro De surprising 10 near OF other similar ueaIs ~
this part OF the city The Twenty-third and
rict are destined TO witness many surprising De
yeloqUens In the realty market in the near future
nominal. the remainder being represented by
total Of S.259o34. For the corresponding week OF
ere ioi11 .,S s- s IL ,nn 1TwenfVthird and TWEEN
fy-fourth wards. emitting the new Annexed Dis
ir-t there were twenty transfers. of which nine
amounting to ss S65. against for,ythree transfers
o. which eighteen were nominal the Others
os lsei In the Twenty-third and Twenty-f fourth
were eighty-four transfers, amounting to &@Z@.
Thr Were 81 m Se 1agTesentn tRe S4
were made at the rate exceeding per cent IN
te-est while Jos mortgages representing 81 io5sZ3
we've made az per cent interest. and forty-nlne
Involving s. POI 49, were secured at less rate than
{ per cent interest. $3.50 . mr..
There were filed in the Building Department nifty
@ollr plans for buildings. al an estimated COST
q saM co. while for the corresponding week OF !ast
,aar there were recorded eighty-one plans, at an
estimated cost OF S.3B, COO. -
In BROOKLYN the total OF the auction sales Tor
last week was s2s 63s compared with o5472 FOR
the corresponding week OF 1894 $3.50
T- George Youngiing has purchased az N4go
The three-story brick dwelling, 0loxsss, NO 4o5
stehler G smith have sold for Noble & Ganss 10
NJ Iange No 40 Amsterdam ave 29XsSX4V0 hVe-
story fat. with stores. for about $3.50 ,, -.
William Proadbelt. the builder, has purchasel the
plot 7,X0O. the northwest corner OF ~, \ich
al proposes 70 build six dwelling houses on II
william Hennessy has purchased Two Iots on me
rbvast corner % Amsterdam ave ana One-huh,
f-e5-and-sixth-st. from Gustavus l. Lawrence ahc
vi, build two hve-stOry fathouses, with stores on