New-York tribune., 1896-02-03
REAL ESTATE.
BUSINESS IN THE FIELD.

The week just ended has presented decided con-
trast OF favorite nature to the two weeks I'M
mediatey preceding. The aggregated private safes
for these two reached in amount respectively,
100000 and 100000, while for last week the
amount in aggregate was S32Oo.OOo. Attention has
been particularly drawn to the northwestern part or
the city this last week, now passing under review
and the renewed interest has turned the thoughts OF
real in that direction more than Tor
long time before. The character Of the improve
ments in the northwestern part OF the city mas
shown that NewYork owing TO her contracted
area Is destined be given over to four needs OF
humanity In the first place. room must be made FOR
the advance OF trade interests In the second place
more and more space Will undoubtedly be given over
for the erection Of mansion houses for the wealthy
class. Expensive apartment houses. too, are pouho
to increase in numbers and extent for the accom-
mo1ation OF those Of moderate incomes ana tehe-
ment-houses for the poor must be considered Dur
ing the last eight ten years the West Side area
has been the theatre of development In accordance
with the general trend OF individual tastes on the
hand. and OF avarice on the other.
The closing week OF the month. however. was an
eventful in the northwest quarter OF the city,
along Amsterdam-ave. and Washington Heights De-
Sixty-seventh-st. and Onehundred-a
fourth-st. There almost unparalleled sale OF
lots in this vicinity and vacant plots and single lois
side streets overlooked In the rush Tor
property There lot sales TO the number or lSo,
and the amount involved was slfVp,op Ihis was eN-
elusive Of resales and upper Harlem transactions
Realty look upon this series OF transactions at
this early season OF the year promising an almost
unexampled tide OF building projects to be carried
into effect with the opening Of spring. They base
their belief in this upon the fact that large pro-
portion OF the property disposed Of passed into the
hands Of builders and Of others who are known TO
contemplate heavy investments In the direction OF
providing apartment houses and residences In ad-
d!tion this 1t is known that number OF leading
loan operators have made extensive purchases In
comparatively unsOught neighborhOods. This action
on their part can only one thing-a heavy
plunge into building improvements as soon as the
tme comes for operations OF that nature , -.
Another feature OF Importance In the evolution OF
realty the northwest side Of the city IS touha 10
Presented in the Legislature in the last week by
Senator Ford authorizing the construction OF a
street railway through West Ninety ana "
IL ntnatei that this includes the crossing OF Cehtra
Park at that point. Apparently no objection has
pTovement' i ana the BIZ stands fair chance OF be
,bn West slSe declare that It would be wrong to
break up such streets as Eghty-sxth,st. ana
whtch % navs hoses Rut in
Ninety y-sxh-st this Is not the case. as It has not
been improved so high degree as the other
Bus!ness in the auctionrooms has been somewhat
S7i. but when compared with the corresponding week
OF last year the results are satisfactory for this
crease OF $9o3' only one special feature OF yolun;
tary Offering marked the business OF the week, ana
even nal msa e o bn order OF the executors was
purchased by the heirs of the former owner
Of si0i.SS5. when. when compared with the same
week Of iss5. shows that the results this year
According to the plans fled last week in this city
with the Building Department. the estimated cost @
architects. reached the sum OF n.7l4.s3o against
S293io for the corresponding week Of last year sa -
which l55 were nominal the remainder @ bel being rep
linz Of last he numbered
49, Of which niney-nns; Mere nominal ,ss hs re re
In the Twenty-hrd and Twenty fourth wards, in.
cudlng the annexed district there were seventy
Transfers Of which forty-nine were nominal the con-
siIrration for the others amounting 10 sS.93s.
against fortyeight transfers for the Corresponding
week last year Of which twenty-four were nominal
the others amounting to Si.@5 -
There were ~ mortgages. involving the sum OF
81 5000 AGAINST s2s25.7l6 for the same period Of
1886 The sum of 1881 was borrowed last week
at over Per cent Interest , yea. 90 ana 30 Ta
A less rate Of Interest than per cent year There
were $50 mortgages. involving the sum of s25?ll,-
go placed during the month OF January sgains.
2sS mortgages. involving the sum OF sl',5sool5 Tor
the month OF 1895
There will be meeting Of the Real Estate Board
Of Grollers at the Real Estate Exchange to-day at
which the report OF the committee OF ;evgn on con-
fbe Roari of Directors OF the Real Estate Exchange
VII meet 70 receive the the rpor St tine pscba broops ES
board From such ilformaon as IS ootanabe: be- y,
Will soon be successfully Organized -,,
The Santa Anita. seven-story apartment.
house, No. l22 ana III East lniFty -lourtH-St lOt
isxli76 has been sold for about $4,000 \ small
portion Of the price Is represented by a parce. TO
be taken in part payment.
'rhe three-story stOne-fron; dwelling No. $50 West
Seventy-nrst-st lot l7xlO0j. is reported TO have
been s5li by Mrs Jane NJ Baldwin for about $4,000.
The Bradley q Currer Company has sold the three
story frarie.house No. p East one -hundre,i-and
ye,ghth-st. lot 25x99 H. to Fayette :. Curtis
William +. Hawes & Son have sold for Giblin &
Tavlor the three-story brownstone dwelling No. 7S3
west End-ave. lot 2ox5sxlO0 for about $4,000.
charles Griffith Moses mas sold for George II.
Huber the nathouse property Nos 70s and 10 East
one -hunired- and forty hf,h-st on private terms.