New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-14
HOPEFUL SIGNS IN REALTY.
DEALERS REPORT ENCOURAGING PROS
PECTS FOR THE MARKET
CONSOLIDATION An IMPORTANT FACTOR n
TRANSAcTIONs-sOMER RECENT SALES
TALKS WITH AGENTS

TALKS WITH AGENTS
There g a continuance OF encouraging signs Tor
fairly active real estate business during the coming
snrlng Judging from statements made BY the lead
Ing realty men Of Brooklyn. There Is. however
lack OF unanimity OF opinion, the d;ssehters oe'iS
a strong minority. They are inclined to take pes
sigs;ic view OF the situation and see IN the year
TO come nothing upon which TO base nope OF any
thing more than a quiet ard inactive market On
the other hand the idea is advanced by several OK
the leading dea.ers OF the city that consioerao'e
activity viii be promoted, mainly from the faet OF
prevailing values. low IN comparison 10 wha' 'hes
have been ir Brooklyn. and cheap enough 10 at
tract capital from investors across the river VINO
y., take into consideration the question Of consoi-
hla,!on from the New-York point OF view In speak
ng yesterday o: the outlook Mr.. Gullck, OF hrhes-
tus Quick & CO.. said:
III this question Of consolidation could be settled
once for all there would be decided chanse IN
the rea estate market Since last summer transfer
property has been at a practical stahds'H" WIS
in former years the advertisement OF a oesi'ao's
property at lew price would bring many rephes
II has been almost a waste OF money to oner prop
.rtv on the market by advertising. This year we
have noticed many indications Of activity; not that
Investors are looking for real estate as an "''es'-
rnent in Brooklyn but home-seekers have begun 70
make inq Iir.cs and severa encouraging safes are
reported We sold small house on ne Heights
a
the Park Slope $4,000, besides several others OK
less importance Consolidation on any terms is GER
tain 10 Increase the demand FOR Brooklyn properly.
There Is 10 question about this. as many are no"
awaiting investments providing the bill is passed.
II is not case OF terms o. charter or ahyth'hs VI
that sort New-YorS property is no longer 10 W
obtained at A value which viii insure fair IN
come Brooklyn property can be obtained wh'ch
VIII certainly pay over per cent and the oppor-
,rnlties are many n obtaining desirable invest
ments Not that the real estate spectators nave
prooerty flung at their heads at their own price~
a. even the few applicants that we HaVe We are W.
able 10 satisfy. and at auction sales there Is 10
chance TO get bargain. as peny OF buyers are al
uavs around We therefore see no reason 20 be dis
Outraged In the spring ouIooN' "'e'''' N0
ton passes or NOT.
Leonard Moody said: THE market IS looking De-
ter Il "a picking Up rapidly Sales are more hu-
merous inquiries dre more frequent ana '"e 'e"'
Ing Is good The C.." reason can account ~.
les bel, good is Iec4 ise Of the low prices for real
Va Mo",y reported the following sales No. %
f,liy-stIy hlownstone z5x55. 20 J. w.
/. Sag two-e DRY browns.one ?ox!exo' S $780,
No t' Ha 4sss TO cSsrisS Day Of XewYork
$500 Mir Moody also repoi 'Sg nne s"s SEA 81 20
az No. 81 Eghtl,aye ny wan ali 81, as vas
s0iG i,E Pernby reoort. the market looking bet.
,.r Win a GOOD prospect for spring trade. Among
obr sales he reported the following: An apart
mcn, house at No 533 81 State-st, nVe storiest
c,,oo $40; go. northeast corner Cnton-st. ard
Dek1lb-ave apartment house, lNx!2o. sl","o;
northeast corner Henry and state SITS. four-story
ono 25Oo $4,000 thirty-nve lois in Bergen
St. between Hopk!nson-st. and Saratoga-ave', north
"These sales" said Mr.. Barnby, show healthy
s,ats ~ the market and prove that real estate IN
rim. as many believe 49,,
The report tina, A a. Low would erect SKY.
scrsrer" steel and stone structure 10 replace tho
Sriiting owned by him at Court and Joraienon sts.
Was denied yesterday by Mr.. Low himself re
aided that he had such intention at present ana
as 70 wha, the future might bring forth ne was
en,rely at sea Although Mr. Low d!d not say SO
drec,ly II was given out by friend or MS that tne
Uncertainties of annexation have for the present
changed Mr. Lows mind -, - ,.,os
Mr. Lows argument, the friend SAID was pI'eS
49,, coren, and ran something like this: In case ot
onnnevetion there is every likelihood that the cry
and county buildings will lose many or their on'cla,
fcnan,s and consequently their impor ,ahee ~
value Hence office r.nts In the nelgnnItd"U uot
would drop and $4,000 'sky-scraper "o"1 NV
he the best kind OF investment