New-York tribune., 1895-05-26
FEW SALES OF REAL ESTATE
BUILDING OPERATIONS CONTINUE ON A
LARGE SCALE.
AN INTERESTING FEATURE OF THE MOVEMENT
BUSINESS IN THE wEEK-CoNvEYANCEs

The volume of business in the rea-estate auction
rooms and in brokers offices has fallen on 10
considerable extent in the last two weeks pui not
from any unusual cause. The season OF real-estate
activity has begun and from now until the fall
there will be little of Importance doing in the real
estate market. far as the buying ana seiihe oi
real estate are concerned. The activity IN the pud-
ing movement shows no signs OF stopping LOT
summer vacation, but. on the contrary increases
in proportion every day. Old buildings are coming
down and new ones going up with surprising rapid
ity and architects daily announcing new plans
for proposed buildings The record Of plans hied
for projected buildings at the BUILDING Depart
ment last week shows a large increase over 'he
same period last year. and since January OF this
wear the difference from the same time in 1884 is
astonishing.
In comparing the figures OF the building move
ment OF this year with those Of last year an en-
couraging Industrial feature Is brought 10 hihu
namely the great number OF men TO "hom 'ne
movement has afforded work The enormous scaie
on which building operations are carried at the
present time involves the employment OF numerous
and thousands of men. who are thus enaoieo 10
make good wages and secure steady occupation.
NUMBER OF MEN EMPLOYED.
Iarsa Gangs of men are employed to take
buding down, and still larger ones to put Duu-
ing up Masons, iron-workers, carpenters ana va
rious other skilled workmen, as We'll as ho'-oa'
riers and ordinary laborers. go to make up 'he
great aggregation of people concerned anu pe"o
Ated by the building movement. A prominent con
tractor recently said that by the increase IN ouiu-
ing operatons in this city employment mad beeh
given TO hundreds OF unemployed men VINO never
before had been in that line OF WORK ana tha' 'ie
movement had been the means OF aiIa!ihs i'u'"
OF the distress among the poor who were so I'M
noverished by the hard times OF last year Inc
boom in building has had far-reachng ana pene-
eciaI effect unon the welfare and condition of the
laborng men of this city. we'll as upon the value
of New-York realty holdings, and from all indica-
lions II will continue for long time to come tho
leading factor in reaestate operations.
Most of the large sales Of real estate nowadays
are of property for improvement whether 'hey DC
in the downtown districts. in the heart OF 'he
CITY. or in Harlem and the great territory beyond
tho Harlem River. The downtown colony OF mas
sIye office buildings will soon be ADDED 10 py one a
the southwest corner Of Exchange Place and Broad
- : one at the southwest corner OF Exchange race
and Wiliam-st; a third at the southwest corner
Of Nassau and Liberty SITS. and still a fourth al
Rroadway and Ann-st on the site of the old Herald
Building which is being rapidly taken down.
oi,rcK WORK IN TEARING DOWN BUILDINGS
The old johnson Building. which stood at Ex-
change Place and Broad-st, was taken down IN a
little less than weeks. thirty days having been
allowed by the contract. II was big building eN-
tending from Broad-st. 10 Newest, and having a
large frontage in both Exchange Place and Broad
st., and being six stories high. The work OF tearing
down this structure was accomplished with no in
Jury 10 the surrounding buildings. ana al ue
stone. brick wood. iron and plaster were carted
sway with such rapidity TO lead one almost TO
think that 1t had disappeared by magic Inc
demolition of this building gave good idea as 10
the perfection which has been attained In tearing
down structures.
People who own property In the city beyond the
Harlem River are looking forward to an Increase IN
ttx n imprOyemcnt and DEVELOPMENT Wncn
will be made to realty in that part OF the city
through several bills passed by the Legislature
this year. The most important OF these pl'is are
the ones providing for the construction OF the con-
course. from Onchundred- -and-sixty -frst-st ana
Mott-nve. to the south side OF Mosholu-ave'. ana
the one which provides for the enlargement OF the
ty-fourth Ward by an addition thereto OF con-
siderable territory described In the act az all that
territory now comprised within the limits OF the
towna OF West Chester. East Chester and Pelham,
the county of weschestcr lying within the bound
aries OF Pelham BAY Park Bronx Park. Pelham
Parkway and including that part OF the towns OF
West Chester. East Chester and Pelham which Hes
southerly OF the straight line drawn from the point
where the northerly line OF New-fork meets 'he
channel between Hunters and Glen Island. Long
Island Sound. and including the islands known
al City Island and Hart's Island" This act adds
1900 acres to the Twenty-fourth Ward.
BUSINESS IN THE WEEK.
Actual results accomplished in real estate last
week smaller than those of the preceding
week. which were unimportant. The auction-room
business was dull. and the private sales were prin-
cIpally OF residence property. The aggregate
amount Of money involved at private transactions
was only s,10o0oo. The total sales in the auction
rooms amounted in value TO s963,959 against SH5.-
S66 In the preceding week and s6963Os In the cor
responding week last year. The principal sales OF
the week were as follows:
n'lar q
estate No q West Fftysixth-st four-story build
fhe property No. 5s7 Broadway running through
to Mercer-st. sold at auction on Monday TO B A.
sad salem op 5p' osepS L. Was the Builder and
We'll Mayer. well-known operators os.,a 10 vo
sold for %a@ Ens0r NJ r"f Thomas to Franklin L.
ther OF the firm Of G g. GHnthers soi sons the
tiethst The property Is leased to one tenant for
5000 taxes s. and repairs for oS ten ~ Rafnard Bmen
thai ths 10 s e $50 ; ; t.
The seller bought Il couple OF weeks ago from
Nils & Whtehouse have leased No. S55 Fifth-ave.
to Ferry Belmont. ~ ,,.
the four-story brownstone dwelling No III West
seventy-sixth:st for *S,oo; ,,,uu u,,,,.,,s xo
sls West Seventy thst three and half story
aTsiVf %d% Sr 8 William As.or
Transferred on wednesday sst to o. hsT so
As ne nd in the
street. upon which Mr.. Astor will erect his pro-
posed hotel. o,,, -, .,s .hu
II is reported that Joseph OBrien has 500 ne me
fourstory building on the southwest corner Oh o'o
Slip and Water ste. for $4,000 -.
e. Emberson has leased the f. Wood place at
Irvlngton Francis NJ Jencks ior nve @ months al al
grounds just below Tarrytown formerly known "a "a
has leased FOR Miss Minturn the old Robert b: Min
turn Homestead Locust Wood Voc h at Hastings to eS-
j. Clarence Davis sold for Hannah f: Samms
and others the plot on the east SIDE OF German
Iubecker for $500 also the plot. 5Oxl0O feet on the
east side OF Union-ave, 2Ze feet north OF one
hundred and second-st for j. Figliuolo to Eu-
gene Hammand for $500.
Wfmerding & Field have. sold for the estate OF
No. H West Thirty-eighth-st.. four-etory brown
stone dwelling. for MW 600.
" NJ Newman has sold for Mrs Sarah A. Clark
10 Simon Banner the eights.ory freproof building
No 2S TO $40 Canal-st., for $4,000.
Riker & Son have sold for NJ, lie r, Cooper to a