New-York tribune., 1896-05-04
REAL ESTATE.
BUSINESS IN THE FIELD.


The tradition in real estate circles Is fhat .ne
spring season Of sales ends on or about May ie'
,tere are many In the business who now assert 'na'
II ,s not until June l that this period OF ACTIVITY
comes 10 an end. Whichever view be heu' last
week gave indications that the end OF the sedso''
had already come There were no large anu III"
portant sales while at the auction-rooms' VIII" oie
or two exceptions there were plain Indications ''a'
few sellers and purchasers were eoi''''s - ~
with one another. r,
This has not been a good season for rentals Inc
number of dwellings which have been leased or sofa
Is unusually limited The activity in the rentals OF
flats and tenement-houses has been greater.
As 10 particular movements IN the real estate
field las, week there were indications OF an at
,ro,, ~ MACE in special favor the hatlands above
Central Park and lying between Lenox-ave. ana
Morn;ngside Park These lands just above VIC =,
were the ones which the Tammany synuio''e -, r'
hand In 1889 as the proper location ior 'e 49,
Fair. 1t is said that large syndicate - oe''''' Wv
present attempted ''boom." There are many 'o's
there belonging to the estate OF ""'a'" "
Another large owner is John d. Crminms.
rhn o,d,ime buildings downtown are having d
tough time OF II in competition with the ne" S"'
scrapers" In order 20 retain tenants lnc' '
have been compelled to reduce rents inv
are comparatively dark IN these struc'ureS' VIM
the elevators. when there are any are s'o"' -,
cold tar Several of these old buildings are pe'"s
renovated and improved. There is one building ior
instance not far from Broadway ana Loer'y-s'''
the interior OF which has been Improved win hsn'
shafts skyghts walls and ceilings pa'h'ed III "s'
colors and renovated through all devices o"i''
lated to afford cheerful appearance
The erection OF tall buildings. however goes s'ea'
uv on The Johnston Building. At Broad-st anu
Exchange Place. has just been opened ana So'ie u
the largest business and legal firms of the city nave
gene into IT, The tall downtown buildings nave
been renting with remarkable facility There WI, WI.
be two more OF these ready for occupancy next
fan and three more next spring Ihere a's tII,s
lions that the offices In many oid-sHIr ,hnss
Will be unoccuped and the inference Is tnat 49,
buildings will be torn down ana modern s"u'''''
erected in their place. ,,,,,,o, o., v,.-
and Cedar SITS. have Vaca,eu ~ Sad % nfces in
best-known firms which have long hsa n,,s o,no e. e.
steele lawyers. formerly seward. Da Costa q
Guthrie. The building Is TO be demohsheu anu
tall office building sreeted on fme Snus se on the siege
Cooper Company dte at Eighteenth-S ahu on ,iH'i, u,
the strife between the occupant Ahdfs" s I
and the great drygoods house. Mr; sounbVuhs hIh ran
10 last Friday. He did not get the money. lie & va.
Gated the place at noon. and at night the i''"e
The Sale Of 10 29l Fifth-ave.. between Thlrteth
and Thirty-nrst sts 20 General Lloyd s. Bryce ior
ane Of the property on the side OF the street
as compared with that the west side At Inc
inn the south corner at Th!rtysecond-st. was
bought by Charles Astor Bristed for tsW ms ms
difference IN Ndiuc ma! diso Dc
OF the Waldorf Hotel and the Holland House po''
on the west side. - - ,,,,.o, ,,.
No 60 Wllliam-st. which has been purchased 10y
the C;ermania Fire Insurance Company ior s-NV"L
is plot 2ix12j feet. This means $o siuaIc
foot The company has property IN the adjoining
niece which takes il TO Cedar-st The new acquisi,
ton affords with the old property an unusually sood
II is reported that a syndicate has been formed
which is looking for uptown ste on the Yves,
SIDE for the erection of a theatre. music hall ana
roof garden. Much mystery Is observed III the
matter. - -
There Is a project foot TO develop new town
in \eW-Jersey, to be known as NeW-Drange, thr"r
miles OF Newark ana lying between Soulh
Orange. ROselle Elizabeth and the Rahway river
The land involved Is three and haf miles square
About 100 acres are TO be used for Industrial pur-
poses the remainder for residences. body call.!
fhe Ney-Orange Industrial Association has btcn or
gar zed for the purpose OF the scheme. a railway
Is TO be annexed with the Central Railroad o; NcT'-
Jersey the Baltimor" and Ohio. the Readlng, IN.
| Iehjgh Valley and the Delaware Lackawannn ard
| Western railroads. Electric cars are 10 De- run 10
| neighborjnk cities. a theatre and casino are an
is some l35 feet above level II Ia said thai IN
dustr!es TO emnoy some 1900 persons have already
been arranged for.
| Among the importan, auction sales this week will
| be one tomorrow by James l.. Wells OF nfty-nine
lots OF the Vysa estate at the Southern boulevard
| Frceman-st. and the West Farms Road. Many
! brick buildings have already been pm. up thcr"
| The streets have been graded and sewer ani gas
| connections made trolley line runs through the
| property.
The largest lot sale made IN years Will be that Of
| Peter F. Meyer & Co Of 27j lots Urierclifr Ter
| race on Wednesday
William VI. Ryan viii sell on Wednesday. mostly
under executors orders property at the southwest
Second-ave and In Scvcrty-third-si. near Park-ave
/