New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-18
REAL ESTATE.
BUSINESS IN THE FIELD.

Real estate interests in prosperous cond-
ton ast week. At least impetus was given 10
them which exceedingly satisfactory even
though unexpected by the active operators in
the business. The sale Of the ST. Luke's Hospital
property the University cub the transfer or the
Holy Trinity Church building AMI land. the sale OF
the property OF the Church of the Divine Paternity.
talk of large hotels. announcements Of the
proposed erection OF new Office and business build
ngs reasonable activity over the w"o.e field
OF rca. tate TRANSACTIONS were the causes OF the
encoura i feeling among real estate men
While the spirit OF the real market was con-
servative. since this part OF May u not generally
season for activity the transactions carried out
were OF fairly good number. Then there are I'M
portant transactions pending some OF them involv-
Ing figures close to 100000. Large building opera
tons also in hard Many persons have come to
the front this last week In the search for dwelling
houses. having postponed their endelvors In the hope
that prices so late in the would be lower. The
Indications are. however. that prices Will b. held
up and that these seekers VIII be disappointed.
Builders. as rue, seem capable of holding on for
the prices which they have been demanding.
The sa.es OF church property and the movements
of some OF the larger cubs in and toward securing
new sites have been the most striking features In
the field this last week. The Church OF the Divine
Paternity will probably move to the upper west side
OF the city. The sale OF this property al the south
vest corner Of Forty nfth-s and Fifth-aye.. just a
block above the where Sherry has been ne
bOtlitlnB LOT a new site. ana Wnefe tle new Dei-
rnoncos Is to be built, has stimulated interest
anew in this part OF the city a great real estate
centre. When 10 ,hs IS added the conclusion OF the
sale of the Holy Trinity Church property right in
that neighborhood. II seems exceedingly probable
that the predictions TO the coming Importance OF
this part OF the city Will be fulfilled. An indication
OF the vain" of Fifhave property in this neighbor
hood appears In the fact that the square foot
paid for the Church of the Divine Paternity invest
men was 1852 80 or 81 50 more than that paid for the
ST. Iuke's Hospital land by the University Club
In transactions involving the erection OF struct-
ures in the place Of old the existing building
does not "cut any figure"
Mystery Is still observed as to what will be done
with the two church properties mentioned There Is
we-founded report that hotel will be erected on
the Hoy Trinity site. Now that the University
cub has taken the land at the northwest corner OF
Fifth-ave and Fifty-fourh-st., there Is renewed
talk about the Union Clubs possible purchase OF
the upper half Of the property. that the south
west corner OF Ffty-hfth-st Officers Of the latter
club decline 70 discuss the subject or else say that
the club Is not intending to move The regular an
nua meeting will be he'd the last Wednesday IN this
month. May a. and it is understood that special
committee on site will then be chosen 4 member
OF ne CLUB states however. that this has no special
pointed before. the last one having been discharged
"A year ago. While there is an element In the Grub
that would Ike TO move uptown. IL is question
10 whether the older members Will not readily hold
The talk has been revived that a hfteen-story
hotel VIII be erected on the southern half Of the
sixth and Thrty-seventh SITS This is the Schneider
Davies property. and negotiations undoubtedly
sIxth-st to Mr. Schneider The latter's plan is to
erect the hotel II ne get the other property The
Davies plo. az s2ooO builders loan Of $4,000
at total I'e rental ns Of 4S 'oT rhS 5i
James II. Breslin would have the lease OF the prop
erty. Those directly concerned decline to discuss
=, There Is sun delay in the conclusion Of the
and Fifth-ave.. but this need not be especially sig
n!ncan'. since 4 took weeks 70 conclude the Del
VII go through all tight in due lime.
, interest IN the extreme upper part Of Manhattan
10 lots on the Dycknan Meadows by the Third Ave
nue. Railroad COMPANY This property l!e' between
twentieth SITS. ana along the Harlem River. In al
pany viii Construct V Wharf on The river front for
ne reception OF supplies This purchase Will IN
low land north Of Fort George especially in view Of
IN" cable mo ,%hlch wlll be built up the Kings
for building mstera.s would be vel located along
" Xn oce or Of st. heT a a Hospital calling aen
ton 10 MOrnngsde Heights. said the other day;
soceJy the GSograpiGai so,lcy and klndreI or.
ganzail1nS am In hopes that this magnlc nj part
q the ely viii be principally taken NJ by insiiui-
rhe building - The American Society Of c!yi
on pia, osIco fee, rIJ bc four ,r' s,6rS
high and constructed Of brick and stone.
Mayor strong has approved the bill limiting the
height buildings not nreproot TO seventy feet.
The limit heretofore has been eghty-fve feet. The
bin - now In the hands Of The Governor
Among the auction snes announced for this week
az the Broadway Sa,esroOm IL that OF business
property. lots and villas az Upper Montclar. Glen
offered to-day by william VI. Ryan. Tomorrow
James l.. Wells VII offer two lots a, Onc-hun1red-
an l-reyeniy- th!rd-st and Morris-aVe. On Wedres-
dag MIR RYAN viii offer plot 81 Twelve acres with
country residence AMI other buildings. at Oyster
Bav. and ihe following day ~ VII sell the Striker
property wes, 81 Eleyen;h-lye.. betWeen Flftv-ser-
Onl AMI fourth So. The lots will be sold
with rights extending 20 The centre ~ Ffty-th!rd-
ST. and not limited by the street line.
A. the Real Estate Exchange George X. Read VII
sell Thursday. At executors sac. the building at
the northwest corner Of LeNington-ave ana Thirty
fOurth-s;. This : Il fine old residence.
The auction sales Last week footed ZIP N}2.i10
against tsi, 35 for the corresponding week In 1876