New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-11
REAL ESTATE.
R1-srNESS IN THE FIELD.

Taken ali In all last week was Satisfactorily o''0
in real estate transactions Although the "eeA wa9
not lively In private sales. there were ih'e'es'.s
auction sales one Of them being notapIy e'ea'
success An interesting private sale was tha' u ~.
rev business structure at the southeast eo''e' -
Washington Square and Washington fiaee'
There has been a good deal OF growing co' ..
=, ,o,a mon the pretense Of so-caled sales without
reserve" to which attention has ALREADY peen
n ,boso columns. When 1t is known that sucn an
nouncements are made In good fa'th, the re'a'. %
healthful and stimulating. This was proven ''
week at the sale by Peter f. Meyer q Co' d. ''''
New-York Salesroom. CT the Morris properly Oil
Irneercllfr Terrace The sale was announced DIS
"wIthout reserve" and the large crowd OF Diuuei'
nresent soon made up their minds that INC So
ment was to be relied upon. In CONSEQUENCE u.
bidding was spirited and urtrammelled' Inc ie'''
was that 175 lots out Of 275 were sofa oe'"ee" - us
and ago D. m The sale might well nave oeei
oor,,,ued hut the additional lots were witnhed.
The nronerty had been in the Morris FAMILY TOT w
wears II was purchased few years ago W
Ephraim r. Levy, who graded ana openeu up
streets and placed II in position Tor SAFE ny io''
Several important restrictions were at'ac"eu ~ '-'e
sale Of the property among them being that ITO
building erected should cost less than $3.50, should
he Iess than two stories high. or should have nat
roof while any stable erected should be not Ies9
than sixty feet back from the street line ms
value placed on the remaining 100 los is SV" eac"
on the average.
john d. Crimmns made a reputation for himself
as a bold bidder at the sale OF the Dodworth prop
er,v He BID in such confident way. as much as
70 saw IL propose TO have this property anyway
that other bidders were apparently AFRAID 10 io'o"
Mr. Crlmm!ns beyond his BID OF si720oo. at which
the property was knocked down 10 him "heh II
Is borne In mind that the plot Is 42xl25 feet on the
cas-. side OF Fifth-ave and begins go feet south OF
Fifty fourth-st. with carrageway eight feet wide
running through Frfty-fourth-st. the low price Is
eGiwneIlneRouse occupies the Ffth-ave.
front II IS said that Mr.. Crimnlns mas aireauy
nurchase sill such stories likely to get ahoat
Real estate s profess rea TO intends ne 10 push his
published plans to the full regardns the ,S,
Schcmerhorn building That mere mas ees r aa SL
az evident The American Surety people sun de-
cline TO talk 1t IS doubtful II they VIII Try to DO
turn from abroad he laijsT gaTi Of 'nis osn, s,
last week as regards projected changes or lcoam0n
on the part OF some leading clubs Of the city. the
FROM 10. is west Forty -second-st Is followed with
the statement that the Riding Club would move
drow bast pnI cenra Park west As this
is one OF the sites which the Harmonic cub has
wSctbeT fh"re SilI be suicient rivalry TO AFFORD
some real estate interests good chance for
The University club will hold meeting Thurs;
day night 10 consider the moving question. K tal
estate brokers who have in nand property N Madi.
son-ave. above Fifty-ninth-s, and IN Central Park
West near Fifty-ninth-st. or above Il as Tar as
Sixfyslyth-st. watching the situation with lynx
eyes.
Louis Sherry Is decidedly emphatic in stating that
there important hitch IN MS negotiations
with isaac Y. Brokaw for the Fifth-aVc. property
at Fort yfourth-st although he lease had not been
: @nei. NJ. sherry says that ne Is IN iaiy con-
suitation with McK'm. Mead & White. he archi-
,ecis FOR the proposed new bril1ng. and that the
plans will assume fairly definite shape within
month.
Among the auction sales announced FOR he week
attention will he particularly gvSn TO that OF the
Fatchn property, "nirn VIII oe sol In parttion Dy
Richard y. Harnctt -. on Tuesday a: The New
York Real Estate Salcs-ocm- rho sale WI be
made IN two parcels. There viii be lr'lo square
,cet OF property the vest ste o: SNth-ave.. be
tween Tenth ara Eleventh sta. The frontage g lo5
feet. This takes IN the land IN Mligah Place. the
Cii-fash.Cnot alley. With 4 Olo'k above Jefferson
Markct. Tho second parcel. containing sore 1000
square feet. lies west D. h7. ,rJr Ing IN feminist.
The total rentals FOR the TWO arr lbon; $1,000
year.
Peter + Never & Co will coll On ruas.lly the
same salcsroom lots In Ilnl ard Nelson AYES. arl
on Thursday, In partition proceedings. the GOWN
property. ~ Fifty-seven,h-st.. between Fifth and
Sixth ayes.
on Tuesday William Kennedy will offer ,he IIapln
property FOR sal" wh'h embraces fourteen ,otS. TX
dwclllnEs and two Jloss. one o, which is nineteen
lots IN Fort Washlngt on-oVe.
O. Nicholas has bought from II. J. Clinton the
nvc-siory aTnr;meni-h )usc 90xs9Xl0j. No. - est
Forty-thiri-st.. on private terms.
g. Nicholas has bought from +. s. Clinton the
two nve-story apartment, -hous"q cjyS9xlG)5 each.
Nos 20 and 252 West Forty-:hrd-st.. On private