New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-20
REAL. ESTATE.
BUSINESS IN THE FIELD.


The warm weather last week thawed out the in
dIvidual investor 1t evidently made both seller and
investor think that the season would be brought
prematurely to a close. and In consequence the IN
dividual buyer who looking for place for his
occupancy contributed lively phase to the
sales Of the week The number OF houses sold was
Unexpectedly large. The situation generally was an
improvement that 81 the week before. Some
interesting sales which had been in allegiance for
long time were completed
The sale Of the Central National Bank property
important and interesting one. While the
syndicate which bought II Is made up in greater or
less part of directors other stockholders the sale
Is regarded IN the market having the same Sig
nifcance as IL It had been made to persons not so
directly in interest. The bank sells the property
out and out. and. OF course better terms than
could have been secured otherwise Inasmuch as ten
ants have been told to vacate their rooms May I.
1t Is expected that the tearing down Of the structure
will be begun mmedia tely after that.
There several sales OF property last week by
executors agents Of estates which have been kept
out of the market for many years. As these sales
were not matter Of necessity. this movement was
interpreted a good syn In real estate matters.
There Is the additional fact connected with these
sales that they show that sellers not holding
prices up sifiy they WERE and that the re-
duccd margin OF difference in prices between them
and buyers will give an impulse to this kind Of In
vestment.
The sale of the st. James Hotel property. reported
to have been arranged for at between 10000 and
N.00000. still hangs fire. One member of the pur-
chasing syndicate had been expected to secure for
the deal piece OF property In Twenty -ffth-st. ad-
joining Trinity Chapel. but difference OF 5000 In
price Is said to stand in the way. 1t Is thought.
however that comparatively small difference Of
that kind cannot be the only obstacle TO the con-
Hotel properties have figured In the mi, market sho
ne
by IIyman Israel TO John b. Cole who has put into
fourteen story hotel structure There was renewed
gossip that hotel would be put up on the ste ,i OF
are having plans prepared FOR two iwelvestory mer
camille buildings on the old Metropolitan Hotel site,
cost OF $4,000 The old story also has been revived
that the property on the southern half OF the block
st. would be sold FOR a hotel site but no tangible
foundation fol the rumor has so far been dlscov-
The sale of Nos 4ss and IS. F.fth,ave has led
this part OF the city to speak Enthusiastically OF
what they call the new real estate centre OF ac-
haitian Hotel the sale of the Holy Trinity Church
property Immediately opposite. the Delmonlco lease
safe Deposit COmpanys warehouse In Forty-eec-
ond-st. are ali signs OF much activity in that dis
trict.
Another group OF brokers talk about boom
along Cathedral Heights and the MSrningsGs Drive rive
ptal and the laying Of cornerstones of some OF the
nsT IN % 2t s GSms S FOR TAKE aSc
ion The new Cathedral Itself 10 a constant factor.
There are unmis,akable Indications OF a general
above the Harlem River. In the days OF Tammany
Halls complete ascendency. necessary legislation
ty-fourih wards hard thing 10 get, especially
In View OF the fact that Louis Heintz. much to
Tammany's disgust. had been elected Commissioner
Of street Opening and Improvement. lie was
that a syndicate OF politicians was bearing" the
real estate marke, in order to get options a, low
lines the final maps. and in other directions. these
prelimnares ar now being completed In a manner
which gives hope OF a boom across the Harlem
sign OF the times IL the fact that while last week
twenty plans we're filed for tyfour buildings be-
for buildings in the old annexed district
That this uptown district Is soon going 10 become
a hrsi-cnSs combination theatre at Alexander and
Third AYES and one hundred and-f forty second-st
William L. sei,z and Clarence ". Gaylor the
purchasers. The plot Is i2NlGxli0xs The selling
price was $4,000 The building is to cost some
10000 Mortimer VI. Thesis Is the lessee for term
OF years.
Real estate men are taking deep interest in the
BIZ No LOST INTENDED 70 permit the board OF Alder
control street encumDrances. The cart
ana stand patronage = a great plum for the Board
Richard V. Harnett N co. will sell on Wednesday.
a, the Reai Estate Exchange. The seven four.story
brick private dwellings OF the Richards estate. at
Twenty Gfth-st md Lexington-aye
Peter +. Never a 60. will offer for sale. At the
90 Wa-st.. and the easery part OF No. IS Wallet.
extending through - Plnc-st Each half OF No -
Is owned by a different interest that the union Of
the easterly part OF No. ~ with No. co Will give
fine front Tn. 4. unique form Of sale.
Slawson g Hobbs have sold FOR the estate OF
Charles r Tag tie 10; the south side OF West
seventy-six,h-si.. 80 feet east Of Columbus
The purchaser will erect single mouse on this
lot for his own occupancy. The terms are private
Real Eetnfe