New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-24

BUSINESS IN THE FIELD.

more hopeful feeling in real estate circles Brokers
in buildings and lots affected. either conscious
ly or unconsciously by the feeling In wan street.
and like in other lines Of business, they come
more or less under the influence of the dominant
feeling In the Street. The much-heralded importa-
ton Of gold may have had something 10 90 WIN
the improved feeling in real estate circles a
strong cause for It was mentioned oy "eh-h"ow"
real estate dealer In Thirty-fourth-st. VINO de-
clared that the danger of the silver wave had
passed and that as soon the election OF Mchln-
ley should be bulletined, that moment sign Oh
relief would pass over New-York. and the wheeis
Of business would begin 10 move actively All we
are suffering from" said he. "is mental state
The moment get out of that that moment pus
ness will begin to boom" There are those OF
course who are less hopeful They think that I'M
der the most favorable conditions it Will take con-
siderable time to recover from the present setback
in business.
The filing of plans last week by Frederick Nord-
sick for ten-story office building TO be erected on
the south side OF Rector-st, between Trinity flace
and Creenwich-st. implies a continued confidence
on the part of owners that new and large once
buildings will still supply need. leading real
estate dealer in Liberty-st. speaking OF the IN
creased demand for office buildings, said the other
day: "Our methods of conducting business nave
been undergoing great change. Our grand
fathers used TO live their stores. Their sons
have been accustomed TO living uptown. or In
Brooklyn or in New-Jersey or elsewhere. and hav-
ing their offices and places Of business salesrooms'
warerooms etc. all under the same roof. We are
now undergoing another change. Business men are
now having their offices more and more by them
selves. They keep their factories or warerooms
somewhere else where land is much cheaper than
in the lower part of the city. This is particularly
true Of houses Of established reputation The firm
or company individual will now take a hand
some of offices whore he can transact business,
and then he will the telephone 10 run his
of cd
visits 10 them. You readily that. under these
changing conditions the demand for office build
ings with the latest Improvements is rapidly IN
creasing The success of the many tall office
buildings so far erected is a clear proof of this.
The mention in these columns last week of the
effect which the bicycle fever has had in increasing
the demand for dwellings in the neighborhood OF
the Boulevard called forth the following comment
from well-known broker in Cedar-st: The state
ment correct happen 10 have had similar
experience myself Many old families which have
been living in what is now the lower residential
part OF the city. even far south as Washington
Sluare have been looking for dwellings on the
upper West Side near the Boulevard. In these
families there may be one or two sons or daugh-
ters. or both. even the head of the family. for
that matter who ride the bicycle. They wish to
live in the upper part of the city where they can
easily reach the bicycle grounds Then. too. the
young people have learned by actual experience
that the upper West Side is delightful part of
the city, and that it is now easily accessible be-
cause of the improved cable service. 1t is wholly
within the facts to say that the bicycle fever has
increased the demand for dwellings in the neigh
borhood Of the Boulevard" ". ca.
There is one feature about the upper West side
which makes the purchase of house there not as
easy matter as ii might be, and that is the fact
vate owners who do not desire to sell out Despite
the tactics of the Manhattan Railway manage
the upper West Side The Columbus-ave cable
line is also proving great complimentary transit
hon iE aNi nfadf ha al mi area
will be put upon the Eiehth-ave line. and as soon
that shall be done the convenience OF travel 10
and from this part Of the city will be greatly in
creased. The numbering and semi-occasi0nal horse
cars now running in Central Park West above
Fifty-ninth-st. cannot be too superseded by
the car which carries its own motor
set in briskiy But Of sales? There is only now
and then one. Real estate transactions involving
transfers are almost as dead as the traditional
door nail. Even as to mortgages there is similar
stagnaion. AS one dealer expressed IT last week;
he wants a gold clause in his mortgage And
noTtraee his propertV 6e be refses
to allow gold clause? Buyer and seller, woud-bc
m1ortgagor and mortgage are afraid of the stua-
The sale Of the, furniture of the St James Hotel
will have five days according to usage in which to
remove their purchases. This will leave the build
on tuesday. September The fact that synd
cate was formed TO eree; the proposed sixteen
Of the times Well-informed real estate pre-
aTs that few qd4 p T erect o new
buildings. The Astors would be the principal ex-
ception. they say. II Is held that the risk is too
great for individuals TO care to assume. Syndicat
ing, according 10 the prophets. is 10 be the fashion
for the future
r. V Harnett & Co. will sell at auction at the
Real Estate Exchange to-day the leasehold Of No.
90 Third-aye., two four-story brick tenement
houses, with stores.
Among the sales Mt the New-York Real Estate
Salesroom this week are announced the following:
William Kennedy will sell in foreclosure the block
front on the west side of Gouyerneur-st. between
East Broadway and DvisOn-st. There have been
Two ap1ournmenls ALREADY.
Tomorrow ID. Phoenix lngraham & Co. will offer
in foreclosure proceedings Nos l32 and l2i West
472 West End-ave.. a fOur-story brick dwelling.
William Kennedy will try sell in foreclosure No
2'O to &3i East Ninety-sixth-st three hre-story
brick apartment-houses. 5 de Walltearss will
offer two plots the side Of Schuyler-st. 100
and 200 feet. respectively, northwest of Eott-ave.
C. A Berran will offer Wednesday No 81
dwelling: due on judgment, N.sI. William Ken
nelly will place sale No 70 Bethune-st.. n FIVE
story brick tenement house. due on judgment go
Sl5 also in foreclosure No 429 West Thirteth-st
a four-sory brick tenement house, due on judg-
$500
On Thursday y. Phoenix lngraham e. Co will sell
In foreclosure Nos GA and SIC Water-st. near
Gouverneur-st, two six-story brick tenement
houses with stores due on judgment 81 400
Ingraham & Co. Friday will offer in fore
closure No $40 West Fifty-frst-st. n four-story
brownstone dwelling due judgment $500
Philip A Smyth will have another OF his famous
open-air sales on the premises Saturday al 80
p m, West Chester when he will offer ls5 lots
In Westchester Washington and Green ayes. ard
in Butler. Halsev and Kinnear places. formerly in
West Chester Village.
The Bethany Evangelical Lutheran Church will
erect new church building on the south side Of
Teasdale Place. 575 feet west of Trinity-ave
The Title Guarantee and Trust Company will add
three stories TO its office building in Remsen-st
Brooklyn. at an expense Of 10000.