New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-27
REAL ESTATE.
BUSINESS IN THE FIELD.

While the last week did not offer the number OF
large transactions in real estate which characterized
the week before there was general activity IN the
market which was exceedingly gratifying 10 dear
ers While the improvement In business was not
marked II was OF a substantial and satisfactory
nature The speculative interest was alert, ana al
though 1t did carry off prizes 1t contributed
IT'S share 10 the general liyellness OF the situation.
Despite the recent indications that the owners OF
propertv for sale were inclined to ease up on the
terms demanded by them, there are again decided
signs that they Will hold on like grim death uht
their demands are satisfied The hitch in the ST.
James Hotel property matter has come from this
cause The persons who seeking to get that site
together with adjoining buildings, are said to be, on
the best authority. residents Of Philadelphia. They
wish however symmetrical plot, or one approach
ing IT, and what they regard an exorbitant price
has been put upon piece OF property In twenty
nfth-st A representative OF the Spofford estate. to
which the ST. James Hotel belongs. said Saturday
that It would be a month at least before the ne
gotlations would go through. even II then.
There is considerable talk of late about the effect
which the announcement OF absolute sales has
had In causing the withdrawal of many pieces or
property by representatives OF the interests The
allegation is made In quarters that profess
sional traders have formed combinations In soma
such cases for the purpose OF keeping the price down
and so securing the property at q bargain case
In point was that OF No. 22i Fifth-st.. offered by
William NJ. Ryan at auction. The property was was
ground that the professional traders had formed a
combine" to secure the property at low price:
the sale of the Old Robert l.. Cutting house and lot
at No III fifth-aye and OF the Clarence A. Sewara
bought both parcels says he will erect nne-story
building for stores on the site and that the s
another sign OF the disappearance Of lower Firth,
ave as residence street. and OF the inroads OF
business into that fine old thoroughfare. =,
The purchase OF seven pieces OF property by w. r..
Havemeyer. in Thirty-hrst and Thrty-second SITS.
between Fifth and Madison ayes, appears to be
at the southeast corner OF Thirty irst-st and Fifth
ave By an out-of-town Investor. for $4,000. Al;
Theodore H. HavAr,eyer. and formerly, business
bsSSht by Wi" him is 10 be Utilized for no immediate
purpose and certainly not for hotel site
vard West En- Endave Ninetieth and Ninetyrst sts
is to be utilized Ger hotel site on the Boulevard
port The property belonged to Mrs Mary A; King.
OF Newport, and was sold by l.. j. Phillips & Co. for
estate view the as that ,o h SSSsh MS -,
% tn In %Ussn for ans thus
doubling his M 81 s"s
on the building at per cent on the purchase price
auction markets nf last were the
sSo ana S SSs w Vest
stu stands the oldfashioned brick residence occu.
pied by Mayor Havemeyer. interest IN property IN
these parts of the city seemed negative.
The most successful auction sales OF the week
olas-ave and st Nicholas Place. by 8. De Wal
tearss and of the Richards estate at Twenty-hf
az q nd I,exington-ave by r. w. Harnett & Co.
The total auction sales OF the week were sos as
against ssO5s5 for the corresponding week of last
Among the important auction sales this week Will
bs one held to-day by Peter r. Meyer 4 CO. II par
Sn 3S shs eo H5 g. sskes
Rochelle Park The same firm VIII sell on Tuesday ay
Thirteenth SITS. under executors orders
William NJ Ryan on Tuesday will offer twelve
villa plots near Macomb's Dam Bridge. In Woody
Crest-ave. A.. -, -
Adrian II Muller Son announce the sale on
Tuesday OF No. 91 Fifth-ave.
on Wednesday George r. Read win sell the bust
ness property at the southeast corner OF West
broadway and Prince-st