New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-08
REAL ESTATE.
BUSINESS IN THE FIELD.


The signs OF summer dulness in real estate mat
tiers became marked last week There were some
large transactions completed which have been held
In allegiance for some time and these helped to give
an atmosphere of more life TO movements IN the
field than actual conditions warranted The buying
ana selling interests remained quiet on the whole
No private sales OF large amount were reported
There stlll rumors of pending negotiations
but none OF these came TO fruiti0n.
Owners OF the choicest class Of properties such
enter into large deals. leaving the city IN
large numbers or are preparing to depart ana IN
vestors themselves apparently In a mood Tor
two months respite. The eyes OF many real estate
already fastened upon the fall trade These
de,ers and Spectators declare that the outlook Is
good They say that the spring season has. on the
whole shown them conclusiveiv that the market IL
IN a firm condition. Owners Of property have been
meeting investors in a more liberal spirit than IN
long time before. All interests appear 10 he hopeiuh
Several distinct parts Of the city have attracted
the special attention Of real estate men this last
week because OF some one or more movements IN
the field which mark the completion Of negotiations
of sometime standing possibility OF extensive
improvements. The final leasing Of the Isaac v
Brokaw property at the southwest corner or Firth
ave. and Fort -fourth-st. to Louis Sherry SHOWS
tina; tho rumors OF any essential hitch in the nego-
tlaiions were unfounded. The formal transfer or
the property OF the Church OF the Divine Paternity
al the southwest corner OF Fifth-aye. and Forty
nrth-st.. to John J. Hyland marks another step IN
the business march OF this part OF the city. The
conveyance shows that the price paid was $4,000
Tho announcement is made that Douglas H.
Schneider has finally secured tho Davies property.
at Broadway Sixth-ave. and Thirty -six'h-St.. and
will at once begin tearing down the old buildings
on the southern half of the block between thirty
sixth and Thirty seventh sts. Mr.. schneider han
dinculty IN securing the properly adjoining MS
own. because he wanted 1t free from the incuin-
brance leases He says now ne has arranged THIS
8, that he can at once begin tho erection Of the new
Herald Square Hotel as he proposes 10 call H. The
structure AZ already stated in Tho Tribune. Is 10
be fifteen stories high and OF brick. stone and steel
construction.
Interest In Sixth-ave. property at and above
Twenty thrd-st has been stirred up by the de-
termination OF tho Masons give up their Old site
at Twenty-third-s; and move uptown. Although
the removal may be made for year or more.
a. well-informed members OF the fraternity say the
would afford opportunity for the erection OF
a magnificent store. No offers however. It IS un-
ders,ood. have yet been made for the property:
There IS good deal OF tax II real es,Ato 'la,ro
about the As,or properties and a pending change
IN their management This takes the form mercy
OF rumor. for everything pertaining TO he hahIl'ns
Of the Is kept IL dark secret by the agents rs
we'll as the principals me reior. l. una, ,
tate Is going - grant loia leases on i's pFVPrtr'
were improvements are 70 be- MADE by irssets
The lea sing Of the SchcrInerhOn Buitiing 10y Jonn
Jacob Astor for period or hhe'y-hne S"iI7 W
the American Surety Company - San 10 De thr
., .ba rnr,h.ast corner OF Tw.nty-Ax,h-st. and
S.r.h-ave. have been offered ,or lease for Il long
term OF Years tbs property mas tron,age Oh iy'
feet on thu avenue anu on me street Inls wou WIZ
AFFORD opportunity FOR the erection % larse ouuu-
ing ror stores. ;or single large drygoois house
\ lease OF tns Kind would pace we ASlo' wppo..,y
in Fourth-av.. between Twentieth and Twenty
FRS, SITS n line for Improvements IN harmony VIZ" b
tho-.. already accomplished In that avenue IN thGt
uc,g,h lrNooi To what extent any change IN
policy Of this kind VII Ia carried out by the Asior
estate r"fnans % h-
business men who pass through tho lower part
OF Nassau-st have had plenty 81 aus, 70 e,rou'eT
.or few weeks IN consequence or me csno.',o''
Of the old Bank = Commerce Building i; cedar-st.,
the Old Clearirs-Fcuse at Pinr-st. ana ne narrow
structure az The northwest corner OF -Nass1" h.lu
Wall as THIS razng % t7- buildinsn has bern
about compeel howe'er A1glh-G year VII. . see
Na-sau-s; nl, then look narrower than ever The
f.v building ~ Doe ~-~-'~d a. Wal and Nassau s's.
although having frontage IN Nal-st. of only some
thirty feet. - 20 60 up h'te-n stor-s nigh some
~ .eei!rgiy nne work IN modern building consiruc-
iiru N'll b" accomplished IN -" e,rcph OF M a.
building Real estate men ara much Interested IN
Reports from some o, the outlying districts to
be taken into The Greater New-York indicate great
hopcfplness IN improved values n those sections.
Al Far Ro.kaway Il Is expected that the greater
city viii DO away with the nuisance caused by
Improvemen,. in values AZ Wh',es,one are report
ei Shturiays auction saes OF over 700 lots orrerr1
at sea Cato indicate confidence IN values along me
Coney Island shore Real estate men % tais city
however. are no. looking for any specia mango on
nc.olr; Of The Greater N"w-York. a. Least 'or the
present unless 81 may be IN some outlying distress
where improved facilities - travel VII be tne main
- F'pr ~ ~ si'un'lon
Tn. nurtiou ra"s announced FOR this week show n
good deal u salling ~ IN This llne of real estate
e..'vi'v q condition naturally 20 be expected
Among tho offering. ~ the New-York Real Estate
Snlcsroon vii bo property 60 DO put Up to-day by
pr.nr = Never 4 Co. consisting OF three parcels IN
Wes, SNfy-AecOni-st near West En1-aye.. ana
,Ao nv~ Story brick tencncat-h buses a. Rivington
ami cannon sfS on Tuesday there Will be offer
ing. AZ he same place by r. Phoenix lngraham
4, a., of property m West Thirty -frst-st. by VIII
fam K~rneiiy - property IN Monroe AZ. ana ny
/ J Phillips & co. ~ lot with four-story and
hi "a s;oop Dwelling house with extension at No
p Wesr seventy s"roHd-st A. the same rooms
Urvon T. kennedy will OFFER Wednesday be-
,eren rlr'v and MY vacant lots In South ioHkers
h.inu.lrg - 'he Old "Moiosin' Homestead
Tho row Office building being erected II Nos -
:, - Park Row and extending through 10 Ann-s;
WIN d. twenty AZ" stories hsh N its main por-
,,nn with two lovers i's Park Row 'front.'
Y..i.h VIII hnyc a total height Of twenty -nino
r,,r'cs Tho distance from ~" curb 10 the lantern
top viii De asS 'eot