New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-17
REAL ESTATE.
BUSINESS IN THE FIELD.

Although ,ast week was the dullest one OF the
wear in real estate matters. and although political
agitation OF peculiarly trying KIND reacheu I've
height In the middle OF the week. real estate Vaiues
IN this city remained mistaken and immovaoe' o'o
OF the largest deals OF the the transfer Oh INC
81, James Hotel property. went through upon ''e
same basis that laid down In the FIRST stages %
the negotiations last March. There were no s's"s
that the ST. James Company OF Phiadeiph'a Gnu
New-York had any desire to weaken OH i'
proposition 10 buy the property at certain price
indeed the location seemed to the purchasers more
valuable for an Office and store building than IL oiu
q wear ago when they first cast their eyes on the
site with view 10 investment. One reason Tor TINS
Is that the residential character OF Manson STUART
Is undergoing change into use TOT ONCE ou'i"e',
as indicated In these columns last week but pes o'
this lies a deeper reason for the present staoiV Oh
real estate values in this city, together with an as
sured increase in them as time goes on Inc Po'i'
was made tersely by wel-known real estate oIoAe'
last week when he said: THE fact Is TINS Is New"
York city. and. unless an earthquake or some great
kindred catastrophe wipes the city out or existence
Its real estate will continue 70 increase In value Inc
most that can otherwise happen TO 1t Temporarily
will be it's standing still until storm ike '"e
present passes by. 49,,
The speaker then went on TO call attention 10 'he
fact that this city the great financial commercial
railroad shining manufacturing and business CEN
IRE OF the country that these interests are develop
ing constantly as the country grows and as business
expands throughout the United States
.'New-York." the speaker proceeded mas got 10
grow and real estate values must go along Win
that growth. At time one section OF the cry
may make squirt IN Improvement ana AT ano'her
zine another. but all the while it Is the city 'hat y
growing The business Interests OF the country are
centring and more here. New orh - y
ing therefore. not only on its own natural ie', '
ont ~ tho strength and vgor OF the industries OF te
whole country How, therefore. can there ne any
substantial check the steady increase oil 'hs CITY
real estate values?
The fact that eight OF the thirteen floors OF the
sim uncompleied office building at NOS % anu
9, Wal-st have already been rented is proof OF the
active demand FOR more office room IN tnat famous
thoroughfare. Nos GO and 60 lie between i'a''o'o'
and Pearl SITS Yet. although for wall street Ne',
this seems good distance away from Broad anu
Wall SIS /, is about the nearest point on the south
side o. the street Vnere site lo' US INV
ing IS TO be had. ~
For some time the City and Suburban Homes
Company has been having statement prepared
acting forth the details OF its plans for mooel
tenement houses in this city and model SUBURBAN
dwellings. The problem is a most interesting one,
md the character and experience Of those behind
the undertaking furnish all the needed assura
that these plans would be a fruitful source oi III
formation for the phianthropist as well as inc
practical builder 1t is learned. however. that ON
account Of the prevailing financial depression the
detailed report will not yet be given out TO oulio
model tenement houses and develop great phlah-
thropic and financial undertaking combined re-
ouires money and the more extended the project
and the more far-reachins its intended results the
more must men with money respond, even with
view TO making money. Capitalists in all branches
NJ business will not at present take up large
new enterprise. And this holds true in real estate
despite its quality as hrst-elass secur"X HOMES ms
management OF me odr9 en- 40 he nvrslins pru-
6onipS sn;rse ie'eio'e' 'e'''' -
owners of real estate In One hundred nd-twe
tv-ffth-st between Third and Eighth ayes, have
come TO the conclusion that values IN that stleet
The croker sale is proof OF this one Of the large
owners Of properly in that vicinity was daH'e II
had held on for two years in the hope Of making
and he finally sold out two weeks ago at about
One man in this town who does not ride BIZ
cycle was praising the bicycle fever in an earnest
This he said: Il have owned piece Of property
H. the Boulevard. near Nineueth-st TOT several
bicycle craze came along mink had only two
three inquiries about the value OF me prqpsrty,
Since the bicycle fever mas been running nave
o nn1 TO sell The i5oGieard is now the
great street for bicycle rider. ard this fact has
called attention to IT, and has increased the de-
Propertylowners seem a tribe dazed over the
statement of Russell Sage that the Manhattan
rrar@niee hat the proposed extension Of the ee-
waited syst an uptown must be accompanied with
adjoining property-owners If 1t be true that IS
per of such owners are Wiling 10 waive
claims for damages in view Of expected dement's,
IL is argued in real estate circles that the Man
haitian people themselves could possibly run the
Among the auction sales, announced for the
week are the following to be held at the New
York Real Estate Salesroom William Kennedy
will offer to-day in foreclosure sale. the block
front on the west side of Gouverneur-st., between
East Broadway and Divison-st.. lc.llx64.4xl0l7x
GA This is an eGht-story brick factory.
Tomorrow Peter +. Meyer & Co will sell In
foreclosure the four-story and N .rent brown
stone dwelling No. 10 East Seve:hJ sixth-st., on
lot l2sylO22 D. Phoenix 1ngranam & Co Will
offer in foreclosure No. Y Ffth-ave., story
brownstone dwelling, 26 feet north Of Clinton
Place.
D. Phoenix Ingraham Co. will sell in fore
closure on Wednesday the plot. 75X95 feet. In West
One-hundr -irst-st. north side, 100
feet west Of Audubon-ave.
Peter +. Never & Co. will offer Thursday. in
foreclosure No. 149 TO 153 Leonard-st., seven
story brick warehouse; also. plot on the north
side of West One hundred and fifty fourth-st. l25
feet east Of Eghth-ave r. V. Harnett & Co.
will sell No 3Og7 Thrd-ave.. southwest corner of
One-hundred- and lot 25xl00 feet
fhree-story brownstone building with store; also.
Nos 60 and 60 Lispenard-st.. seven-story brick
Warehouse James L. Wells will dispose OF No.
story and basement brownstone dwelling
Philip A. Smyth on August 20 Will sell 1853 lots in
the heart of West Chester. adjoining St; Peters
Protestant Episcopal Church. The sale Will be held
on the premises