New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-25
REAL ESTATE.
BUSINESS IN THE FIELD.

',c spirt which is expected to assert itself upon
Se actual opening of the new year 1886 OF trade and
ocuation The season for great activity in
asl,v IS over" SAID a broker on Saturday. NO
reat volume Of business is expected in the closing
osriod of the year" That the last week in real
,,a,e has presented a decided contrast to the pre-
sinc one when sales numerous, aggregating
100000 in value OF property, against last weeks
,otals of only 100000 or little less. causes no
snecial disappointment TO the commission broker.
I, fact real estate men that dulness generally
settles down upon the market while capitalists and
c,lators are balancing their books for the closing
var OF course sales will be made all through the
balance Of the year, and at the present time
number Of or less important transactions are
said 10 be foot. Generally, however. there is
likely 10 be lull in the market until after January
As stated before. 1t is known that several large
deals in realty are pending. one in particular in
broadway, that expected to be closed within
ew days. and therefore the present dulness may by
an early date change again into an active realty
market and not wait for the year.
While lower Broadway property is at present at
tracing considerable investment capital. there is
another section of the city that is securing atten-
ton from the same class of investors The area re-
ierred to is the triangular section north OF Worth
Monument at Broadway and Twenty hfth-st., in
Guided between Broadway and Fifth-ave. to Thirty
foulth-st. Sales Of parcels therein have become
frequent recently. and the prices usually obtained
ar high The supply of former dwellings with
In that that have already been converted into
business buildings is limited. but despite that fact
the opinion Of large majority of the best-nformed
brokers is that the natural enhancement OF values
that might occur in the next years has been
discounted 10y many OF the recent overa,.xious
buyers
Within this of the city the most conspicuous
piece property that is attracting the attention.
and interest OF realty owners is that of the Victoria
Hotel Ftfth-ave. Twenty seventh-st. and Broad
way. This property belongs to the Paran Stevens
estate. Mrs Paran Stevens said to Tribune re-
porter just prior TO her death in April last that she
hal in contemplation the construction OF great
mercantile building the Victoria Hotel site Her
Death however. resulted in the cancellation of all
the plans. The present heirs OF the property
Mrs. Mary +. Paget. OF London. England. and Mrs
Ellen :. Mechcr of this city. Botn are the sur
wing daughters OF he late Paran Stevens. Prop
trty owners in Ffth-ave. and vicinity not only
Interested in the final disposition Of the Victoria
Hotel but also other property OF the estate To-
Gated in Fifth-aye. This estate owns the only two
lhrge vacant plots on the avenue one of the plots
the southeast Of Fifth-ave. and Thirty
setenth-st and has frontage the avenue OF
49, feet 10 inches, and depth OF ll22 feet on the
Street The other pot is at the southeast corner of
Foryfourth-st and Fifh-aye. size 50 feet 10 inches
on the avenue by $50 feet in depth the street.
Nothing but old One-story commonplace buildings
these plots. 1t is said that nearly 100000
a income in the way Of rentals has been lost by
twentv years MANY real estate owners have re-
Gently expressed the opinion that all OF this prop
ety VIII be disposed OF 10 the satisfaction OF the
present owners at an ca ly date. The properties
Inory. no 2l3 10 81 West Twenty
in the S' are vaed SGs s 8syr at P'f from
10 $4,000 All Of Mrs. Pagets interests in prop
cry al the time OF her marriage, or all that she
might acquire subsequent to her marriage. accord
Ing 20 her ante-nuptal settlement are trusted in
ne name 9i George D. StDDaid OF LONDON Eng
land. EN-GOvernor HoadK, OF the law firm OF
Hoadiy' lauterbach * Johnson Is the representa-,
stated that several persons are negoiatng for the
purposes. An Application TOT an option az soo,Vp
ne rental year was recently made for this prop
made 10 lease all Of the property of the estate;
should these efforts fail and the property should
finally be disposed Of at sale ii is believed that Mrs
fagets one-haif interes' in the proceeds will be
transferred TO London.
yond sHeths Are grained over me results Fn OF
proposed placing of the New-York terminal Of the
proposed New York and New-Jersey Bridge be-
protests were favoraby considered, and the Com
mission finally decided to place the terminal be
north side OF Sxtieth-st. The Mayor made the
fsd earef, estinste made of the proposed cost
Of land damages for this bridge in this city and
that i asgregated S2o00c1 Controller Fitch then
said that the bridge company would be charged
with that assessment ana would be required to
pay taxes on that cost and also on the cost or
The construction of the bridge above it,
matter OF interest to proPer'y-O%nefs aons
was The acquisition OF the Forty second street,
Manhatanville and St Nicholas Avenue line by
the Third Avenue Company. The dwellers along
the avenues between Columbus-ave. and the river,
have another line TO travel on ana one within
easy access OF their own homes. This new line, II
'guous to the boulevard. soon as it is equipped
with modern mouve-power. The present proba-
dersrounl trolley system.
The president OF large property association in
"a a hat hfs lti.
viii joe 10 more cable lines laid in this city, and
that the underground trolley system will supersede
al other known systems for surface roads. The
horse line is demonstrattd by the. statement re-
Gently made. that since the opening OF the Column
Inc show a decline Of about 500 a day, as com
pared with the same period year ago.
The conveyances reported the last week were 300
o. which lGe nominal the remainder being rep
Ing week OF last year the transfers numbered 2D II
Y Tn NV were topa Of ss I2' in the Oe twenty
third and Twenty-fourth wards. emitting the new
annexed district. there were seventy transfers: OF
which thirty-siX were nominal ne o conslaera'o's
for The others amounting to St4.Soi against ~
amounting TO $iiss45 for the corresponding week OF
wsrls including the new Annexed District, there
were l0 transfers. amounting to s5oS.36S. There
% S55 u tbqse M sos We're made at
a rate exceeding per cent interest, while $50 mort
cent interest. and 49,, involving $o75o were secured
less rate than per cent There were n,ea IN
az an estimated cost OF N21s,OC while for the cor,
responding week of last year there were recorded
e. new plans at an estimated cost OF s13,lt5
In his city the auction saes for last week aggre
gated the sum Of SOS 1913. as compared with s-S-'o'V
for the corresponding week OF last year,
In Brooklyn the auction sales OF ast week
corresponding week Of ls4 . ,.. 80
william BUTLER IT., has sold to an investor me
souttggest corner Of stanton and Pitt SITS: a pot
CNiOi with an additional adjoining piece, ZoxS. ne
property Is occupied by three hVe-story ana mo Zoe
fogr-sr6rv tenernents. numbered 223, 20 ana ~
stanon-st and lO4 and JOG Ptt-st Ine , Rar.naser
IS Jo..ph Goodman and the price about sivUO.,
Gnnenheiner q Metzger have resod for $1,000 70
James H. Ravens the property recently p ufcnssg1
a, Sl3 90 al The southwest corner or Amsler9aih-
ave and One-hundred- -sixth-st, size lWilNIZe
Maette Coyer have sod conformity wtn SarX
doiIf q IA, 30 IA West Ore-hundred and ,third,st,
34Gxqsxfi0i 10 C. Gale for something less IMAM