New-York tribune., 1896-09-28
REAL ESTATE.
BUSINESS IN THE FIELD.

r,. n..rer rhe November National election ap-
proaches the the feeling In the field becomes
The conviction prevails more and more among
real estate men that the Of sound money will
sweep the country. II is an interesting fact that
narty lines are not known among real estate men
this yea: they are "all out for the honest dollar
and not for the stuff" as one OF the witty ones OF
the fold expressed 1t las, week.
Several large transactions which have been ly
ing dormant showed signs of decided life last week
one Of these was the plan for a big new downtown
hotel A well-known hotel is behind this.
and he has the backing Of abundant capital Il
an, perfectng my plan" he said. "and taking time
for looking around for sites have good material
from which make selection for a good site. /
shall wait however until after election before
making the decisive The bigger the sound
money majority the sooner I get the site
wish and the sooner work the hotel will
be begun.
The boom in Sixth-ave. due 10 the SiegeCooper
Company IS already felt in regard to large busi-
ness plans In that street. The announcement that
the Moir property at Sixth-ave. and Twenty-thrd
a. will probably be utilized in the interest Of the
Molr syndicate. II may be called TO place the
tewelry business OF the house a broader basis
and 10 occupy the whole Of the fve-story building
Tor the purpose shows the tendency In the direc-
tion Indicated The Astor estate. 1t is understood
will erect large new buildings IN Sixth-ave. its
property between Twenty-sixth and Twenty
enth SITS. East Side. The boom UP the avenue from
Twenty-third-st. has already set In
The Gordan knot which tied up No. S34 Second
ave been by a Supreme Court order for
partition sale. on application Of Elliott Williams
as referee. 10 be held at the NewYork Real Estate
salesroom on October r. John r Boyd will sell
. the property This parcel is a four-story brown
stone dwelling belonging 10 the Stevenson estate.
Mr.. Stevenson, paralytic. decided the prop
erty years ago TO his wife for life She regardless
Of the life interest made will giving her property
10 two daughters, who would have inherited IT
having made will of her
When the trustees Of the Skin and Canser ,nS Hos.
site for the proposed annex to the hospital. tried
10 get No. 3,l. they found the property tied UP by
son. the Surviving daughter Of old Mr. Stevenson
vas willing to sell IT. The building was so made 80 80
that Superintendent Constable ordered the front
rear and SuI wa IS 10 ob he TORN bc ana
tically the construction of a new building. Liti-
threatened. When now judicial Interpretation OF
the situation shows the way, out by partition
sale. The trustees will probably secure the coveted
parcel at the sale unless spectators shall spoil the
plan But in view Of the condition Of the building,
the trustees could pay more for the property than
The three three-story brick dwellings a, the
ton-ave. be transformed into four-story
Os So na sadp in s{ M ar e Maa
$500 The front walls are 10 be torn down ana
Interiors will be practically new. According 10
sydney Fisher. the agent OF the property. the
provements at Twenty-hfth-st and Madison-ave..
be r hs for "a the &c se Of he pbudng for the Appe
late Division OF the Supreme Court while the
by one story and are otherwise being improved.
The effect of the Madison Square improvements on
the east side of the already referred 10 in
previous articles. is thus seen TO be spreading as
far away as Lexington-ave. 60, 49,.
Suburban Rapid Transit Railroad made the FOL
gwnf Nara me
in celebration OF the running OF the hrst thr0ugh
Fan WaH ast Ss '9s Mednesday n,raaye evening @ the
with through trains and with extensions OF the
popuatee roaa eee in no the and
wards and material success for the rairoa1 nsei a.
hand. shall supPlan the steam locSmotiye em ma
ting and the ns Fl shs 10
dredandforty ifh-st VIII become eon he mos oa'I va a.
able m norn oYer OF nd ae sPannng the
Of the road business and tenement puoiiies .si an
to twenty stories high right on the line Of trans
houses on a street can be That VIII De 10 HE "
TFhe suggestion made by Mr.. Cross as 10 building
the elevated railroad y s ana nGVe is @ of
possibilities This would be one way OF getting an
the projectors Of the old Arcade Railroad Company
scheme under the surface OF BToadway. ne pa"
The impetus given to values by the erection OF
the waldorf and the Schermerhorn hotels Is lead.
s me southeast corner Of Fifth-ave. and Thirty
fourth-st.. an od-siyle four-sory yI and hinnr
ns ,o tbe Astors but now used business pur
1T se is 0Hne@ Aso4 FAMILY by well
before modern structure OF me appearances , WIZ
Srorn the building is not more than half what
might be obtained. according to me outlay lot 'h'
The sign TO lease for a long term Of years APP
pears in of the oldme brick and & 1rownS'one one
dwelling at the southeast corner OF flih,aNe , amn
Thtrty-t hrd-st. dagonally across the avenue ioi
the This building s eo, er IL the 'g erection
on the plot of a tall apartment house with iarge M
WIuIiam 3. Astor building adjoining in Thirty
third-st is also TO let and also STANDS Vacah, "a w
Tb,r,y.tbrd-st on this and the Astor plot com
bned LshaPed apartmen, Some 0e such plan
is Contemplated. provided the necessary coino'ha-
"Gn fS tSat district Of the city centrng az Ffthaye
and Thrty-fourth-st. there is ntiie demand iDa
houses There aTs many Sn snnns Who have been
paying such rents are nov 'fys ps 40 ar e held stiy
nm however and so oldtime tenants OF The NOR
expensive dwellings are seeking icss houses
has ialen of heavily from last year ne ke'pv. &
Of them evidently finding tha, t4e bose ' out and
out is small The supply OF small houses IS meagrc'
but Of the better class Is for the week
at the New-York Real Estate Salesroom, are u me
ffoSS,ss fOrscossre 9oa+H So 7s East Avenue
C. four-s,ory brick tenement-housse WIZ WI, roor,
Sages Sa tG' < 81 @ William Viii Kennedy will Offer in fore.
closure No Perry-st n near nn lo g. s2Sx
2axssx22s: amount due. s47es. PhiIip a. smSa4 man
will sell in foreclosure No. 1863 Brook-aNe, IT,, NO.
one hundred-a nd forty y-second-st, three-stor!
frame dwelling with store on lot 2'xU fec, anUu
due g +S4: also No l2i0 Madison-ave, IN c0iJuv
ton with the property at the corner OF ras",S Gn
ninthst.. fve-story brick and stone ha' strong
lot IS sxlG0 feet; amount due. Sl6'5o j. NJ
will Offer In foreclosure No 1886 East SeVes ,H
St near Second-ave a four-story stone fron' 90 .e
rnent- house lot 2oxlO22 feet; amount ""' '''''
prior mortgage, $ll,0D 1T 1T -. axecu
Tomorrow William NJ Ryan Will sell al eaeou. .o
tors sale Nos 3o2 and 3o Madison,st fye-story
high-soop basement and cellar brick dwelling: .n 0n