New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-03
THE MARKET ENCOURAGING
BROKERS HOPEFUL OF A GOOD TRADE IN
REALTY.
VOLTAGE OF BUSINESS INCREAsING-TRANsAc-
TONS OF THE wEEK-coNvEYANcEs

VOLUME OF BUSINESS NcREAsING-TRANsAc-
rIoNs OF THE wEEK-coNvEYANcEs
AND MORTGAGES.
Tn, volume Of business transacted IN reai es'a.e
last week showed an increase over that OF the pre-
vio,s week and although there we're no safes ""e'e
tho asures we're very large. the business amounted
"a nearly 100000. This is in reference 10 Ua'sao
lions through brokers' offices and does not ''o'a'
IN. sales in tne auction rooms. Brokers report
,,oj demand for business and residence properly
and rs this Is the season for spring Duylus' NV.
are numerous reports of house-and-iot sa'es' !, "
generally conceded that the present is goo' ''"'
"a secure bargains for with the genera ii"p'
men in trade conditions which many De.'e,e ~ ~
o,,,,,. the nrces o. real estate holdings that are
in the market will advance. the ou'ooN ~. 49,,
s,r,ro business is encouraging and brokers eNpe0'
nro6table returns The renting department - 49,.
real estate market is the one unfortunate iea'u.s
Of real estate The unwhngness OF owners ~ "'"
concessions their rents has had most Ipsa ,h
o0ec, anon the renting business, ana uHies' az
landlords can be induced TO take se" I'LL
IN, situation the coming spring renting se"''. "
show the same results as last spring anu '" -.
rne principal topic Of discussion IN rea' Sc
ny ,. oo,, wae the question Of the removal
=, ,ha legal sales from the Broadway sdiesi oo''
"a the Real Estate Exchange. at NO % h'oe,'!
81 A bill which provides for such d ieio'"' no
been introduced in the Legislature anc ]. ms ~.
ra,or.h,v renorted The opinion among INC e""'o
oal estate men in York is that the Dill oush.
.e". ,ow and that the best interests OF real
49,, gill bs served IL the change Is made III is
common history how Richard Croker mao tne courts
transfer the sales from the Real Estate EHchaiise y.
the broadway sai,sroom, OF which MS real estate
mariner Is the president and 1t Is known III rea'
estate circles that continuance OF the business
.rara will be disastrous to the trade The Reel Es-
tate Exchange is composed Of the representative
real estate men In New-York. and that shouio DC
snaicent 10 persuade the Legislature to recognize
the Justice OF their claims.
AN INCREASE SHOWN
The building operations show an appreciate diff
ference from those last year in their volume. FOR
The week ending February 1, the number or pro-
iected buildings reported at the Building Depart
ment was nearly double that reported in the cor
responding period last year, ana the amount VI
money involved showed an increase OF So'el~' bu'iu
ers report activity In their trade and the nuoei Vi
plans which daily fled show that 'hose i"
this department Of real estate ought not TO COM
pa,n of the situation On the upper West Side and
in the Annexed District building operations are De-
ing carried on in surprising numbers. while in the
business part Of the city there is no let up !"
construction. The latest reports indicate that the
site of the Metropolitan Hotel, at Broadway and
Prince-st, will soon be the scene of busy opera
tions connected with the replacing of the old hotei
with modern business structure Ii is also re-
ported that the Herald Building. at Broadway
and Ann-st will be torn down shorty ana an
Office building put up in its place
BUSINESS OF THE WEEK.
Sales of real estate at auction last week amounted
in value TO &ilSS3. against sG,i5O in the same week
last year The attendance at the auction rooms
was fair and purchases divided between the
plaintiffs in the sa'es and outside bidders The fol-
loving wele shg 4e aPnrdays are
reported in The Tribune on Monday; =,
sSy budns Nos s5 ana ss :0
National Conduit COMPANY for aoou, S gee a. ne
COS: Of about $4,000. Msnde.oaum & Levine are
ne ayeTs OF me %, S Vest Forty
third-si., the sale OF which at YOU" was recently
rutland & Whiting have sold for the Chandler r. e $,
tate Nos 10 Ard Il Ann,st to the Nauon%i marx
ironing on Broadway. and increases the size of
h to IRE than & s sSsaBs sa
stone building No. Is Front;st. northwest e9rner
v Sf has 10 sod eT the sr Rsa@ the
,hreo-s,ory building No ss FultOn:s The Trim
efty aijoins the Trinity Mission at Nos 3p and 2ll.
conducted BY he Hospital Society and VIII doubt.
Of Ola an "a addition iio' to that structure ~ ~
the ds esa Of oson to hsvf
front store formerly dwelling No 81 Ffth-ave''
Henry B. wesselman and Robert J. Leayersft
have sold the pot at the southwest corner OF West
for about $1,000 for improvement. The lots were
purchased by the sellers in 1891 for $4,000
hundred twenty eight,st., between Second ard
q feet frontage 1870 feet east OF Third ave. and
Nos. oh 227 and 22s East One-huncrei and twenty
s Sa@e Of Howard MeW Sf sA tssss The
n Ns S East
ACKNOWLEDGEMENTS. inclusive. and the entire row
as vent a s
The lease. etc. Of the Grand Hotel at the south,
consideration which Is said 10 be soo.ogo The rent
m Soashs a, an lo sano of ssco anu Nep'
Kyssr has sGd the or FSnH a.
Seitz to Philip Braender. who viii at an early day
begin the erection on The plot Of an e, b aG
10 the estate 81 Orlando B. Potter: CO.
tenement house lot 25xioO5. No; 522 West FIJI
eth, valued !, at ESQ., for o the y Srs sene
BiersaeH and ID valued d at 5000
As soon as the present leases OF the Ola Her ac
viii be on May /. it is reported that II. O. Have;
meyer. who recently purchased this property, Will
nreproof Office building. IT is said also that Mr.:
Havemeyer has determined TO build tweive.story
the corner plot ioox2oO2 feet. Of Broadway and
Prince-st.. with rear elevator in Crosby-st The
rest on the metropolitan Hotel site. fronting 90 feet
IN Broadway and Is feet In Crosby-st. is out"
CONvEYANCEs AND MORTGAGES.
Tho following table shows the conveyances mort
cages and projected buildings for last week. and
far the corresponding week in 1894:
CoNvEYANcEs.
'i Feb 70 T. to An a. a Ss to
inclusi Ss: sive;,o