New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-06
REAL ESTATE.
BUSINESS IN THE FIELD.

There were points Of striking interest in the
real estate field last week. II is customary now to
talk Of midsummer dulness. Transactions reached
their lowest total for the year thus far. This is
10 be expected Fourth OF July week. although
the day itself fell Saturday, when few transac
fons reported from brokers.
Many well-known brokers and operators went to
Europe elsewhere for vacation last week. The
majority OF them. however. keep In close touch
with the situation here and plans for the fall cam
pagn being carefully laid out.
There have been rumors afoat. 10 usual at this
season of the year. and denias OF the truth OF
them have followed hard upon the rumors John
Jacob Aston has been talked about much OF
late in real circles that the old report that
he to build theatre got abroad again. All
foundation for the story in fact denied by Mr..
Astor's real estate representative At time
some four years ago-it is learned. Mr.. Astor con-
templated the erection OF theatre at Fffth-ave.
and Thirty-fourthst where he Is now building his
new hotel But the idea abandoned. although
subsequently there talk that the hotel would
be erected in Forty -second-st., between Broadway
and Sxth-ave
Now that the St. James Hotel Is closed. It Is
expected that the negotiations for the purchase Of
the property by the much-talked-of Philadelphia
syndicate will be speedily brought to conclusion.
The matter has hung fire so long. however. that
come real estate men are sceptical to the whole
transaction. Edward W. Milligan, the agent of the
Sporord estate, insists however. that the matter
may be brought to a satisfactory elimination al
most any day
The work of tearing down the old buildings be-
tween Broadway and Sixth-ave. and Thirty-sixth
and Thrty-seventh sts for the proposed Herald
Square Hotel is we'll under way. Arrangements
were made last week for taking up the leases Of all
the sub-tenants but one In Thirty-sixthst go that
a clear field will be afforded by August l, except
possibly TO the liquor place at Sixth-ave. and
Thirty-sixth-st.
Of
out of observance. Time when they were COM
mon. There only on last Saturday. Tho
auct;oneer Philip A. Smyth who offered for
sale on the premises 112 lots at Edgemere. Long
Island, between Arverne and Wave Crest. Buyers
were under restrictions to purchase at least four
lots each and build no more than one building to
each 100 feet frontage. The sale fairly salts
factory.
Although an Office for the projected Womens
| United Club Building has been opened IN Lower
Broadway it is held by good judges that much
time. energy and perseverance will be necessary
to raise the large amount of money required for
this undertaking. A site near Forty -second-st and
Broadway is talked Of.
The first lease In the new ST. Paul Building. at
, Broadway and Ann-st.. was made last week by
Richard " Harnett & Co to the NewEngland
Mutual Life Insurance Company. which will &C.
cupy the fourth floor Tho lease is to date from
January ! next when it is expected the twenty
fve-story structure Will be ready for occupancy
bothered by the Presidential year question. Yet
they all anxious TO have the tarin and the
financial issue settled Sentiment in favor OF Major
Mckinley Is steadily growing among real estate
men, especially the silver agitation in the Dem
ocratc party is being developed
ward from the Bowery. Their attention Is directed
! TO the coming East River Bridge. and es-
pecally TO its approaches at Delaney and Norfolk
SITS The proposed widening OF streets with pro-
fected enlarged avenues from the Bridge landing
10 the Bowery has led to much speculation as TO
the extent OF favorable effect which all this will
have on property in the district directly affected.
| Is a foreclosure sale tomorrow at No. III Broad
wav by William Kennedy OF the property at No.
| "a Bleecker-st No. III West Sixty ninth-st.. a
basement and four-story brownstone dwelling, Will
also be sold. Mr.. Kennedy Will sell on the prem
ises on the same day, twenty plots at and ada,
Cedar Road. New Rochelle ~
on Wednesday Mr.. Kennedy VIII oner at the
same place No 81 to 60 East One hundred third
| at nve-story brownstOne fathouses Nos. 4l3 and
Ais East One-hundred- Observation-Disclosures and
No 1877 st. NichOas~ave. go
James l.. Wells Thursday will put up for sale
twenty-on lots Of the Arden property at Williams
more than six acres. will be offered on the same
| day by Hall j. How & Co. James l.. Wells will
sell on the premises on the same day property In
/ Catharine-st, East Chester.
Fridays sales Will present a foreclosure oner-
Ing by william Kennedy OF the property at Nos.
! 832 and 334 East Ninety-eighth-st and OF a lease
OF No 40 Vesey-st. ninetynine feet west OF Church
/ At a ive-story brownstone dwelling.
On July IA the tenement houses In Sixty sixth st
| belonging to the estate OF John j. German. for
meriy Police Justice and Sheriff, will be sold In
foreclosure TO secure clear title