New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-12
REAL ESTATE.
THE MARKET STRONG BUT INACTIVE
CONSIDERABLE DEALINGS IN LOw-PRICED PAR
CEIs-AuCTIoN SALES SCHEDULED
FOR THIS WEEK.

FOR THIS WEEK.
The ,prinr market for Investment In real estate
Il rapidly drawing to close and still tho marker
remains In practically the same conditoh WIN
which the season opened two months ago. all
classes OF property being held at their full value,
and the principal activity being In sales OF small
parcels Were 4 not for the apparent confidence
OF the small Investors In the future or the market
and the activity Of tho builders, who have bought
for Improvement principally In the section west OF
the Park the market would be extremely dull.
Aside from this. there have been somo good safes
Of dwellings In the Central Park district, on both
the East and West sides. but the figures paid In
these were not such as to hold out to the
buyers any Inducements from the point OF view
Of an investor.
The only large transaction Of the last week was
the sale by the New-York Realty Company. Flake
a. Bowling, OF Nos. 8. II and IS Maiden Lane. TO
Il builder. The property consists Of three old four
story and loft buildings on plot 57xS7.6x5lxS6.l,
and was acquired by the sellers about year ago
In separate parcels for total OF about A5oOOo The
price at which the builder. who Is said TO be
member OF the firm Of Robinson Gill Sons.
takes the property is s525.OOo. The transaction
appears to be pure and simple building-loan
operation. in which the Realty Company is to
make loan of 900 which Is one-haf the esti-
mated cost OF the ffteen-story building to be
erected by the builder from plans already drawn
by Ralph Townsend for Flake & Bowling.
SOME OF LAST WEEKS SALES.
Among the more important sales Of realty re-
corded last week are the following:
Gibson & Co. sold for Mitchell A. c. Levy to
Frederick A. Burnham No. East Seventy eighth
ST.. hve-story brick dwelling with lot 23x1Oo, for
about $4,000
The Frank l.. Fisher Company sold for A. b.
kight fve-story American basement house, DIX
GOxl00 No. 3lS West One-hundred- md -second-st..
TO a Mr.. Triper: for Clarence True a plot OF
ground. +Sx46 the north side OF Eghte hist.
40 feet east Of Riverside Drive to Mr.. Davis, on
which Mr.. True is TO erect handsome American
basement double house. also, for T. Sutro the
triple fathouse No. S35 West Fifty-ninth-st, Dix
90xlOo
p. Scott Son sold for the Gutman estate to
j. Levy the fonr-story dwelling No. IA East Fifty
seventh-s
Henry d. Vinans & May sold for Henry Good
dwelling, 2x60, with buffers pantry extension on
lot l022 feet deep, built by McCafferty e. Buckley.
to Mrs S. II. Kaffenburgh and Miss Hammell, on
private terms.
J. Romaine Brown & Co. sold for Andrew Deyo,
Of Yonkers. the old buildings at Nos. 53s $40 and
Chds adjoining the atters bravery
August Brakeman sold at sii5,00C the fve-story
fla thouse, with stores. Jo6x93, the southwest
corner of Coumbus-ave. and Eighty-n.nth-st.
Harris T. Fisher, conjointly with Francis e.
Wilson, sold for j. Kensett ELEPHANT the four
Iifty-fourth-st, TO Mrs. Horace Chittenden for
c. Buermann & Co. negotiated the sale to the
University Settlement OF a plot 67x6O on the
southeast corner of Rivington and Eldrldge sts al
s5S,250