New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-24
REAL ESTATE.
BUSINESS IN THE FIELD.

Tho real estate business of the week ended on
Saturday or practically Friday. last was similar TO
those OF two or three weeks preceding. Inc dssie
gate sales at private contract resulted IN 'o.ai %
81 10000 But for the intense cold weatner Oh ias'
week the amount of business would have been much
larger Thoro are some important real estate deals
in the hands of expert brokers that are iKey 10 De
closed at any moment. There are seVerai iafse
pieces Of property to be disposed OF. Inc hotei
Brunswick property. Fifth-ave. and Iwehty-siA'"-
ST., sooner later figure in the real estate
business 1t is in many respects one OF the choces'
nlo,s IN the city The owners OF 1t (for there are
severaD II Is said are willing to make satisfactory
long leases Of the area covered by the hotel 10 any
one desiring erect large building there ior JUDI
ness or other purposes 1t is said that one or TWO
large insurance companies are considering p''p'-
sltions for leasing this property.
Another great property that seems 10 De hari "
handle on account OF the large sum OF money IN
VOWED is that OF the Paran Stevens estate Inc
most valuable pieces Of realty owned III tn'S ''''
by this estate Is the Hotel Victoria property a'
Fifth-ave. and Twenty seventh-st. ana broadway.
Mrs Stevens prior to her death, had about hnished
plans for the tearing down Of the building ana erect
ING In It's place a large business house. Whatever
disposition is finally made OF this properly must
have It's effect property contiguous thereto' III
fact real estate men believe that II structure OF
the proportions indicated in the pans OF the iate
Mrs Stevens FOR the Victoria Hotel site Is reared
the invasion of FIfth-ave by trade will thus be so
conspicuous that it will only be question OF time
when the great thoroughfare all the way to the PARK
entrance at Fifty -nnth-st. will be great shopping
district for the wealthy, who must themselves hieai-
while and other localities Tor their homes
ralrty-cvenih-st ami also at the southeast corner
of Forty-ourthst are two .arge pieces OF property
owned by the heirs of the late Parah stevens, al
81 far as selling them is concerned. The heirs are.
however prepared to lease these plots on long terms
The recent announcement, OF the Metropolitan
Traction Company that II Will INTRODUCE the nnd.r,
ves SAID large owner Of realty. rs gong %
enhance Yates In many secu0hs ot we oios hen
these lines traverse. Special attention mas peer,
called to the property situated In the vicinity OF
Washington Square The Sixth-aye. me uiI ,, ole
system Will run from Sxth-aye. 70 W est hroan
way through Fourth-st. This VIII ar0Ii the prop
eriy-owners and tenants Of the new oudinss recrn.
ly erected around Washington square an opp,pi 'us
70 with surface road afording s3od service
one OF the most important features OF me rea'.y
market recently is the reappearance mere OF Chcago
city with over million dollars for realty speculation
Its members propose 10 buy certain pot OF ground
ana erct ARG arg r SGe of 9bcage no further
aunouncernents viii be made until all the desired
The auction business for the last week has shown
a little more He than has been apparent IN the
erty has been offered jor sale by the voluntary
action Of hs having Harces IN gmaFse ,b man peaS
with lrawn because the prices did not come up
Humber ne of parcels sod than Was expected By
M the opening Of the Individual sales. The sales
INK week OF last year the results OF this week are
satisfactory. For last year the sales realized only
7oGn the Raess auction sas' w ss' Esss
'T the fe Tef 81 a i weak in h. city
were 2,6 Of which lS5 were nominal, the remainder
being represented by total of s2~5.5sj For the
corresponding week Of last year the transfers mum
b-red l7s OF which eiehy-six were n9mlH l the
remainder being represented by Total OF Msl,.l
In the Twenty-thiri and Twenty-tourth wards. In
Guiding the annexed district there were sixty
one transfers of which twenty-nine were nominal
the remainder being represented by total of sN.-
gSl against twenty -seven transfers. OF which ten
were nominal. the remainder being represented by
a total ~ S2sj4l for corresponding period OF 1893
There were recorded - m9rtgases last week IN,
period OF 1895 there were PA mortgages. involving
the sum Of S.jio7O9. One-hfth OF the mortgage
per cert interest a year while three-hfths OF the
total amount loaned Al per cent interest The
balance secured at lower rate of interest than
According to the plans filed last week in the
four protected new buildings. ms figured by the
arch!tec;s. reached the sum OF s2.iSoS5o. against
s. lns75 for the same period OF last year ,s 400
nyc-story once building 10 % South wil.iam-st.,
Mexanier Mcdowell, has bought for Improvement
the northeast corner Of Manhattan-aye. and one
hUndrca-and- fourteenth-st., lollXs5 ,.o
Edwin 5 Townsend has sold at $4,000 the four
story and basement hrownstone building. used ns
restaurant No 10? West Thrty-eshth-s;r 2ox9S9.
The block front the south side OF One-hundred
ani-sxty -fourth-st. extending from Amsterdam
the Lawrence estate 70 Jacob u. Butler
Bryan /. Kennedy has sold Tor S. F. Paul. executor
tucker. 30. 70 East Fifty-s!xth-st.. a four,s;
brownstone front DWELLING. l7x67 for about s22 600
valencia No 80 West Fifty -ninth-st.. have rented
from March the cottage At Ha am Srs T W,
will spend the summer In Europe