New-York tribune., 1896-11-30
REAL ESTATE.
BUSINESS IN THE FIELD.

The real estate market Of last week. despite the
fact that no transaction Of unusual magnitude was
recorded showed a healthy condition. ana In lac'
evinced greater activity than might nave peen w
pec,ed when IL is considered that one OF the most
important National holidays Of The year was Oh
served on Thursday and that in consequence. many
ueople lrf, the city TO remain away over Suhuh!
while the aucOnecrs and rcdl-estate prokfrs' rear
iz!ng that comparatively little business wouh DC
done IN the two days following. made no Efforts To
dispose OF large parcels Not a few properties III
the upper part Of the city changed owners at private
sale however This week promises TO be lively one
AT the Real Estate Auction Rooms. when several
large parcels are TO be offered for sale IL Is not
unlikely. moreover. that In the next few days the
facts may be made known regarding one or two
ruinorcd Transactions involving 30 it is said. 'he
sale Of large parcels in the downtown district
The general attitude of real-esate brokers ara
operators since the election has been one Of watch
fulness Every Transaction Of real importance mas
been noted with more than ordinary care, "Sie-
ciay the arC" sales Of vacant lots north OF the
Harlem. and the auction few days ago by Niiilam
Kennedy of the several parcels belonging to the
Chesterman estate Any material change In inc
condition of the market i awaited with eat"r IN
ierest and many large property owners have ap-
peared the realcstaic Offices with inquiries as 10
the truth fasity OF reported sale of broadway
realty about which speculation has been rife IN the
brokers Offices for the last week.
Whether this rumor has any foundatio or not
the general opinion OF those who are best Informed
to conditions in the business section seems 10 be
that there will he few large investments in realty
FOR speculative purposes in the downtown district
for another year Those who do buy there VIII
undoubtedly belong TO that class OF men who ar"
looking for absolutely safe investments. and who
are willing to accept return of . per cent net on
their outlay. II is not likely that the mex, few years
will see anything Ike the amount Of capital put ont
FOR the purchase Of valuable parcels in or near
Broadway and the erection Of tall ofice-brdlngs
that has been expended in the last two years
\ well-knOwn roal-estatc broker. a day or two
ago, when standing opposite one Of New-York's
"skyscrapers." situated in the best business section
of the city and only block from broadway.
pointed to the towering structure. and said to a
friend: There is building in which the offices are
provided with II the most recent .lnpi"V"'n'h-
and appliances for the convenience ana comfort Of
their occupants. they are all well lighted ana ven
'ilated. yet. on nearly every floor. scf"rd' rooms
are ga can't ana haze been so since the building was
40 uoupi' ~ We" OF tnc pusIheS. t'NlNd'
resulting from the election, all TN" of'irc' VII soon
he rented but the probability t. that tenants IN This
az wei a. In others OF IN" hih onicc- nuii"hE' VIA
nay" 10 DE secured al rents cons id"rAbf ics, ihai
the owners hoped to receive when the buildings
Were erected 1he fact is that II will take year or
so for the demand for me best olc"s IN the princpal
business section TO equal the supply
That high Office buildings will continue TO be
erected III keeping WIN me demand TOT th'ih u"
one Will doubt for q moment that Is. II the Legs
o' @is tha a~ 70 for '"g naHv n
ono capitalists viii consider with great the
Der Of nrsl-cass Offices now vacant before de"
Gliding to erect more business buildings on such a
Rcal-cstatc men are directing their attention to
cpnSid'r.nI, heeit' 10 nilhtlnE .d.nm. ~ -.
public Many large parcels I'm these districts have
their future value. I'm vicw OF the natural growth
Of the city 20 the norhward Th"r" are opporiuni-
ties here however, in the purchase OF smnl plots
TO take advantage Of.
last "S~e %r w. w"s nh" BY "r Within whiincy Of the
large fourstory stone front dwelling a. the north
AMI Lorenzo Barber. This il the old Stuart
house which Mr. Barber bought early In 1885 from
sfgari ry for Ss2'5o Mr. whitney paid about
$500 for ,hc propcr liz VIII not It, TAX :hgI%or pT,
Morton. who is a. present ~ loss, sSi9h "' ,Wi" W
fifiy-scv"nth-,' and F!fth-aye 10 l. son. iIarf,
Payne Whitney. VINO i~ 10" abroad on hi~ we'd /
In the bnslnc-. section t;eorsc r. Road sold for
s2l0No the nve-story busince- building. about
= Nla2x2'lo loxlisio 80 = Park Row iir3s rnnnips
charles \. Peabody. t' who rcpr"sen,s Wiliiam
Waldorf Astor. owner Of ne ,wo aajn'cit par
inrilv ~, of 30 so Nass,ii-si one OF The parcels
'vihii' DoWiing for sl5,c.,
Among IN, Important sales ~ the auction rooms
scheduri To TAXI place this week Ar" IN" following
TN, sal. of the WISE estate lots /. to hr h"id
The fact tha, rhc sale Is TO be- absolu'clv without
reserve and that nearly TWO hundred '"'~, WIZ
bee offered has caused an Unusunl demand i"i
maus. and circulars and great number oi siiAll
Investor. hay Visited the property. N" NN~"
property H. admirably situated cos" l." 10" h'hll
thc twenty lhird Ward. and "cc"ssibi" h' n''"F
routes OF travel =. Oh. u....
Al I'M, Real Esfnt. TX hdngc. AT 80 - II" "ilN-
81 an rlurs,iaN u-N' George y. Read VIII "U'r
- civ lots belonging TO IA" "~iai- oi MARI" j."
rraynrs situated iu and ncar Nrhsi'r-hF-: 'N,' /
main iboroughfarr Of th" Tw"iiN -ipirlh W. y
Tho lots are. d. established streets IN m" 'lS
hnrhood 81 cit. ANA suburban homes. ana close 10
fhr Williambiidg" aud Bedford PARK stations o.
~. Harlem Railway ll'N are
also reached by IN" troli"y-rhrS -. , q
A. ,hr same place on Wednesday Richard |
Jt,ruc,t 4 90 will on"r both city aud country !
nrnrnrfy 'rh. latter H. tn" country seat 80 West
PARK on Hudson. situated about eighty mll"S no
lin. river on its west bank. u embraces" 'hou' /
one hundred and six acres Of lana. " l"if' nun |
sion conservatory. outbuldings. cottage. &C !
rinnrlau rights Yacht anchorhe'. and other ihHES
that serve TO make this delightful country nom
The sale Is by order Of III" "N'H pl 'r,
,r.ii,'.rls = ,u Tho civ property IL composed OF
40 $50 S"v-nil-av".. this city. ana ~" w h'r- !
ger-ef BROOKLYN