New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-06
REAL ESTATE.
BUSINESS IN THE FIELD.

Real greatly encouraged Iafs
week by the large sales Of property made potn 81
The auction rooms ard through private purchase
They had fallen into discouraged frame OF mino.
but the sudden and unexpected change In the sit
uaton especially II developed in the latter part
of the week. acted Ike magic upon the dropping
spirits of brokers' The sales in all branches were
OF a noteworthy character both as regards the
character of the properties and the prices secured
for them The for brisk spring sales seems
to have been delayed only week. after all
Among the private sales there six worthy
of special mention. These were first that OF No.
Park Row running through n Ann-st.. by John r.
Foley, for William Noble. to the National Life In
surance Company. OF Hartford. Then came that
OF the United States National Bank property at Nos
Al and a Wall-st., to w. X. Aston. who owns the
abutting property in Exchange Place. The sale OF
the Holy Trinity Church property. although an
nounced closed. had not been completed on Sat-
urday owing IL is said by those directly interested
to the existence of conditions which must be passed
upon by the courts. The opinion prevails In real
estate circles that the woud-be purchaser is the
New-York Central Railroad Company. yet such Sc
crecy has been observed in the matter and inter-
meiiary agents have been employed TO such an ex-
tent. that this is a matter Of guesswork.
The sale Of Nos e5 and 81 LIberty-st. by Hoffman
Brothers for Flake a. Downing added 10 the gen.
eral movement. which was intensified by the pur-
chase OF the Harlem CASINO property III seVehh-a"e
and -hundr -fourth-st by Anthony,
Van Bergen, the sale being made by L. j. Phillips
& 60. for Lachman. Morgentheu q Goldsmith.
While Henry j. Braker refuses 10 give any snformh-
ton of his alleged purchase OF the Niagara Fire
Insurance Company building those who are In a
position know the facts declare that there is no
doubt that he is the purchaser. Mr.. Braker is the
principal partner In the firm OF II. J. Baker Bro,
al No. % Wlnanf-st. The similarity In names
confusing The Mr.. Baker from whom the hrm
took its name is dead. Mr. Braker has large I'M
porting interests.
The trustees OF the Broadway Tabernacle prop.
erty si say that sale OF il is pending and that
is present Intention Of seeking site for the
church further uptown.
While some Of these important sales involve
merely exchange Of property as = said 10 he
the with the Braker purchase, and one OF them
may be only nominal. the result has been an IN
sitting OF new life into the whole real estate ned.
II is understood that Nos. Y. n and ~ Trinity
Place, adjoining the Rectorst station Of the ele-
waited road are TO be transformed into an office
building Of the modern stamp
\ surprise in the David Wolfe Bruce estates auc-
ton sale was the price which property north ana
east Of CITY Hall Square brought. One OF the
shrewGes, brokers in the market IL William N.
RYAN and although he bid In the property ~
Chambers-st. and City Hall Place. comprising only
600 square feet for $1,000. he was greatly
pleased with his bargain
There will be important sales in both the LIB
erty-st and Broadway saesrooms the earlier part
OF this week.