New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-12-21
REAL ESTATE.
BUSINESS IN THE FIELD.

BUSINESS IN The FlElD.
The real estate market was far more lively last
week than might hav, been expected III we" OF
the approaching holidays. investors were on. IA
force. and made their presence felt at the auction"
rooms as well as at number Of private safes
Sales at the auction rooms the feature OF the
week and the aucioneers' offerings, while not as
numerous as AZ other times In the year inciuueu
several large parcels. which attracted considerdoe
attention the part of prospective buyers In sew
eraI instances owners of adjoining properties were
the buyers.
At several OF the downtown real estate ofIices the
opinion appeared TO be general that the real estate
market had more than held its own in the CLOSING
weeks OF the year. especially when compared 10
other forms of investment. There has NOT pee" 'e'
boom in realty that WAS talked OF just peiore the
election but properties in all parts OF the Guy nave
held their values and sales have been limited no'
by the lack of people ready invest In valuable
properties but rather by the cagerness OF owners
to secure more than the market value for their
parcels From the rumors which wee current LAST
week il is altogether probable that large nuihoer
OF important sales will be closed before 'he 'h'u'
OF January. No purchasers OF downtown p"'"'"s
sites with view to the erection or skSscrape'S are
to be expected for some time vet however AS mas
been stated recently in these columns. the supply
in h. line already exceeds the demand an" -
likely to do so for two years 10 come
4 number of real estate operators have been con-
siderng favorably property in the downtown dis-
iricts on both the east ana west sides between Inc
water fronts and the elevated roads. This class OF
property many far-seeing investors cohsiuet 10
destined to pay better than the more valuable
properties in the Broadway and Wal-st district
With the increase OF commerce and the consequent
demand 70 warehouses and stores that can De
easily reached from the whirVes, inns ''aSS Va
property in which there IL no considerable iradihs
at present is bound TO become more and more val
liable. A proirinen; operator VINO Is holdihs so'ho
property on the West Side said to Tribune re-
porter a day ago that he believed such prop
crty had a better outlook than any other business
property in the city, and tha. II the owners OF
property In one block could he induced TO remove
the old and unsuitable buildings which prevaii gen
orally in that section. and then erect more mode'h
buildings not an elaborate scale, bu' sui'e" |"
the use OF importers and traders. he was coh'"ce'
that for the amount Of capital Invested such prop
erty would command "A high premium In the near
future His opinion was. further, that II improve
ments could be started on small scale In one or
two such districts. other owners would follow IN the
same line. and that the value OF adjoining proper
ties would thus be greatly enhanced. There IL HI
tie doubt that II large number OF adjoining prop
erty-owners could he induced TO remove entirely
these poor buildings, the land without a brick or
stone upon II would sell for far more than II these
properties were put M al sale in their present con-
ditlon
The most important sale recorded at the auction
rooms last week was the purchase by Governor
Levi =. Morton on Wednesday OF Nos no and liz
Nassau-st and No ~ Ann-s,. for S'slvo THIS
property adjoils the Nassau Chambers. owned py
Governor Morton. large number of bidders were
n. the auction-room ready to offer good prices for
the property and the bidding was lively throughout.
the Governor securing the parcel at It's full value
Whether or not /, IS the purchasers Intention 10
extend the Nassau Chambers m the near future
could not be learned but this will undoubtedly re-
suit a, some time In the future
on the same day the executors OF the Austin Cor
bin estate attempted to sci! through George II.
Read at the I.lberty-s, salesroom the family RESI-!
dence al no a24 Ffth-ave.. A5x7Oxioo together
with No. A., Flnh-ave. lssx55xic. and an adjoin-
Ing private stable AT No East Thirty eighth-st.
The bidding started a. a lively pace. but was soon
stopped oy the peculiar tactics OF a representative
% TIE estate. who started the bidding AZ 10000
and forced IT up to sHtco which was the highest
bona -fdc bid lie then bid $4,000. and raised his
own bid by .2cp. thus defeating the sale. and the
property went 10 the estate OH a bid OF *i''"o
Notwithstanding the important sales recorded in
the auction-rooms last week. the Withdrawals or
property offered FOR individual account In many
cases ouinumbered the actual sales
Among other important sales was that Of the
TABERNACLE Baptist church. az Nos. ie2 to 100 Sec
ond-ay- uy William kennedy a, the Broadway
Real Estate Sslesroom Friday. The property
consists OF two-story brick and stone church and
q six-siory brick Sunday school. plot Sx25x
l2xs4sxlvxioss The action In foreclosure pro-
ceedings was brought 10y the New-York city hap
list Mission Society and the Southern New-iork
BIptlsi Association against tn. church only
bid Of Ss." WAS made. ana the properly went 10
An important trade was that negotiated by George
X. Read fos seth Low. president OF Columbia Cn-
yerslty. whereby he disposed o. the Hamilton ana
FRANKLIN One buildings in Brooklyn FOR a large
~. building ).
not knjwa The Hamilton building Il n hve-siory
west corner OF cour, ana Joralemon SITS. opposite
the city II al. and III" Franklin l. an eight-story
;. Her on ~ plot JOxlc a; No. lss Remseu--i. about
six YEAR, ago The TWO buildings connect in the
rear The aggregate value OF the properties In
cluded In the deal IL said TO be more than million
'rhe popularity OF vacant lots on ;he North Side
was again shown by the sale by Alfred r. Mariing
OF Horace X Ely Il CO.. and ". }. Van Peli. OF
George X Read. at conslderah'e aJyance OF fe.-
eral lots purchased by them AZ The Travers estate
peter r. Never & CO. sold I'm partition IN. i've
story brick enement-house. with stores. on a loi
25.llNly the northeast corner OF E'ghth-ave ana
One-hundred- twenty-lhird-si and me hve-
story brick tcnement-house No. T3 West one hun
drcd dtwenty third st. on To- 2'xiooll TO David
o Fowler. plaintiff in an action against James A.
Ware Gibbs sold for George r. Johnson NO. 81
West 81 1 Ewara Curtis ak RyII in pnr pas
meni No q Washington Place "A four-story dwell |
Ing on lot * o whsh ne As nas sSla SGsSsH L.
Golding q Whitchouse sold for II. II. cook the |
lot :s,xiOD on Fifth-ave. opposite Central PARK |
beginning loo feet north OF Seventy elghth-st. A
dwelling in keeping with the character OF the neigh
borhood will be erected for IN" purchaser. Mrs |
Louise NJ. Pollock.
This being Christmas week the sales the |
tIon rooms will not be 40 large numerous
usual Among the most important scheduled are |
the following:
ON Monday. al No. III Broadway-By Adrian H. |
Muller a. Son. foreclosure sale. Thomas f. Donne |
w. referee Railroad-avc. East. east side i251 feet
north OF One-hundred and thirty -ffthst.. 19l,X
no 1xI?x95S vacant: also Raroad-ave. East. east |
side feet north Of hundred a nd Thirty
hfth-s H. 1OxS46x 10 1xW l. vacant: also Railroad
ave East. side. 4CJ.3 feet north OF Ono hun
bred md hiry ATHEIST. 1o1lXIS11x1S. 1OxS46.
cant. due on Judgments. Si.5,O on each.
by william Kennedy foreclosure sale. Charles A. |
Jackson. referee. No "a Fifteenth-st.. south SIDE
foot ~ ir-afn hric