New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-16
REAL ESTATE.
BUSINESS IN THE FIELD.

There has not been the activity IN real estate a'
tiers within the last week which dealers nave oeeh
locking forward to with good deal OF hopeiuihess
and even confidence. There are several general
causes to account for this. while one or TWO special
conditions may be mentioned why the desired IN
crease in the amount Of transactions has not peeh
brought about The stormy weather OF inc "eeh
was an obstacle in the way Of house-buyers. ihe
falling off in sales Of residences, therefore, was
nearly % per cent in the weeks sales Real estate
dealers declare that mild and pleasant weather a'
this season invariably has marked effect in bring
ing out lively condition of transactions win mousse
hunters. who look for good investments at ths ''he
of year. Then again. real estate interests arc
proverbially timid and so long as possible conpca
tions with European Powers continue to be SUBJECT
of discussion damper is put upon real estate trans
actions
Nevertheless buyers, well as sellers, are mold
ing themselves in an unyelding attitude. Neither
side is disposed make concessions TO the other
Then. again. owners OF property are taxing the
ground that what is good enough for somebody else
to buy as an investment is good enough for them to
keep for the purpose.
Transactions. however. have extended over nearly
every part of the city OF these the North Side has
received a fair percentage. When the decision OF
the Appellate Division OF the Supreme Court shall
be made upon the report of the special commission
the rapid transit question. it is expected that not
only will real estate on the North Side take boom,
but also that all along the upper part OF the pro,
posed routes, especially along upper broadway ana
Court will approve the finding of the commission
Although the market was not as lively last week
hoped for there is by no means state OF stagna-
ton. The sales by brokers and individual owners
made total of $4,000 1t Is difficult TO get trace
OF a good many sales until the actual transfer Is
recorded. The head of a well-known house ex-
planned this Saturday as follows: AS soon as the
sale of piece Of property Is announced especially
for Improvement the owner his representatives, Is
at once bounced upon by contractors. plumbers,
furniture dealers insurance agents and whole ar
ray of those representing every sort Of interest in
volving the situation. In consequence, so many
private buyers object 10 publicity of sales that real
estate houses aid them as much as possible in that
direction.
Two sales last week attracted particular attention.
One of these that of the Osborne Apartment House.
Seventh-ave. and Fiftysevenhst. offered the in
teresting features that the customary 10 per cent
rule departed from. II being announced that
only per cent OF the purchase money would have
TO be paid in. This was, however. only special
arrangement made among the heirs of the estate.
and involved general departure from custom.
The sale of large part OF the Fiftyffth-st. front
of the old 81. Lukes Hospital property is regarded
with special interest in real estate circles. The
operations Of the syndicate which bought a large
part of this entire property with the declared pur-
pose of improving II by the erection of modern
houses it is believed will be successful in bring
ing about large profit for the members of the syn
dictate.
The table of conveyances for last week gives
total number of 262 of which AS nominal. while
the number for the corresponding period In 1885 was
226. of which 123 We're nominal The number Of