New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-18
REAL ESTATE.
p1rcINESS IN THE FIELD.

W
classes Of realty which have included parcels IN
all parts of the city. 1t may fairly be said tnat
the fear of any further decline In prices or IN re"'
is past. and that from now on STEADY tno"s"
rad,ial rise In values will he the order OF thihss
For confirmation OF this belief the many real estate
brokers and investors who are authority Tor IL
point to the unusually large dealings In vacant o'S
and I'm valuable properties In the lower part OF the
city available for building sites. upon which, IN al
most every case the purchasers announce ther IN
tcnton of improving the properties by the erec'io'
of tall office buildings fathouses private dwell
ings No better indication OF the prospective ac-
tiv,y in the market can be had after sucm ,Dn
by shrewd investors in purcha sing extensive build
ing sites with view TO immediate Improvements.
Office building which is to be erected the plot
At no 20 TO Bro2dya9y , exGndng anrons s on
its south line, 1925 on its north line and I'll II,
from peter Marie and William Alexander Smith,
The building is be OF limestone. and VIII cost
'Io"' yonS in add M to So s Broadway and
Nos. l96 and l2s Crosby-st.. which he purchased
cured the adjacent old building. with lot, at NO.
59i Broadway and No lH crosby-st in It's rear r
Lyons desirable building site Sc feet in Broad
by about 200 feet 10 Crosby-si. where ne mas
this plot the purchaser will erect twelve-story
mercantile building. covering the en- ire plot
brick building at No. 5ss Broadway :, running nndn.;
sroW viii i also Src modern ONCE
building The Union Assurance Society of london
in The insurance district no IS Plne-st., has
engaged Lamb & Rich architects 10 ar gray w,, up
ing TO cover the entire plot. 2ilX16. These are
some OF the extensive improvements In the down.
town district upon which work VIII begin ABOUT
May1. +, "a,
upper OF the city that have to do with the nm
mediate improvements of the properties conct thn
pTrchaac by Boehm COON. the real estate brokers
of Maiden Lane. from the United German ~, iaui
corner of sxth-avc and fftcenth-st. plot - feet
In Slxth-ave. by =, in The s'reet win tme rnu,Jm
take possession on August !. when they VIII at ~
begin the erection OF six,story store ahn oI
the new owners Of The property have rented the en-,
tire building fer period of fifteen years from TIE
date of its cor1pleion. at annual rental or $z5W
a year This speaks well for the renting auali,ies ties
Of IN the n he Section named
within the last few year, TIE f6 so, q,
corner OF Fi i ard hirtyninrhst by Arch-
bald d. Russell :or about 5000 gives assuran1r
Of The city. The parcel covers a plot i95 by lc'.
upon which Mr.. Russell Will erect handsohe o"'oe
Extensive improvements in the way OF lildlngs
have made in sections of the CITY sun iur.hr
Of ffteen thrce-story and basement brick dwellings
in the east side Of Edgecombe- ave. between one
,birdy"irhths SIS to cost $500 j. Romano
Brown has sold in the Kingsbridge Road lots -; ~
by leo Acadcmy-st. and % by 10 anuttlhg III
the rear on Nermy e@.ve to MAJ Mat has
future nproy h Go in hS Xnci,ehs north side
40 feet west Of Columbus-ave. to Jung Moht'
who will erect five fve-story hathouses on ,nc P1'.
Numerous other purchases In the norm Sne VI w.,
city repor,cd last week; where lehei E,r
cient details here given, however TO snow Ina.
there is TO be a great de al OF activity, so lar ~
So FAR as the downtown district is concerned. tho
anticipation on the part Of many people NV, VINO H Nh
will be passed in the near future by the l.eSis,at-
urc at Albany restrict the height of the same u,i.
inN
OF investors in downtown parcels to have the plans
ned immediately for the erection OF iher
soon Ui such a bill may be passed II IT gets through
the Lcgislaturc al ak but even should it do so. ac-
cordng to the present draft of the bi now ~ a, Al
filling his contracts for the erection of high office
building after the measure is passed, PROVIDED he
has begun work within sixty days THEREAFTER Dahl,
Mr.. Constable. the Superintendent of the Build
ings Department. is Of the chief promoters OF
is that buildings should be restricted to twelve
is certain that the opponents OF such law VIII 90
all in their power to have it's provisions as elastic
proposed provisions to prohibit the further cree
ton of skyscrapers. the present building laws II
owners and builders TO expend at least one third
more in the construction Of buildings in this city In
accordance with the law than the same buildings
A meeting Of property-owners and others inter
Wednesday in the Office Of J@rcrson NJ Levy to OPP
pose the extreme, rigor shown in the proposed re-
brough was made the chairman OF a committee con-
sisng Of twenty-five real estate men 10 iormua al
| Legislature. The committee was appointed In view
| imposing the restrictions here outlined has been
RELOCATED mainly TO architects and others only in
much reason that TO the real estate owners and the
rentpayers of NewYork,. who are the principal per
| sons Interested should be given the greater con-
sidcra;ion in the matter.
Among the sales scheduled at the auction rooms
this week. to be held at NO ~ broadway. unless
| otherwise specified. the following:
Monday: January Is-Iy Peiar f. Never & &C. CO.
west corner of Sxih-avc and Thirty -nnth-st.. 2i.s
xlc sx-story brick store and loft building Due
| By William Kennedy. foreclosure sale. Eugene
ave-. and Northumberland -fortoth-st' 24ixico.
hve-story brick tenement. with stores. Due on
BY William kennedy. foreclosure sale. g. NJ.
Spcr referee. No. l.G26 Amster lam-ave, west side.
! an fee, north of c-hundred-and- fortieth-si
25xloo. hve-stoIy brick tenement with stores. Due
T1esday January BY William Kennedy fore
closure sale Thomas c. Kinney. referee. One-hun-
Fifth-ave' 75xiooli three nvo.s story brick Mats.
Due on judgment s2o.e5i; subject TO other mort
BY Andrew /. souaard. foreclosure sale. Emanuel
! VI. Friend referee Nos. 800 10 32G East Onc-hun-
Observation-Disclosures. south side. PSI feet of Sec
ond-avc. lcoxico four hve-story brick tonements.
subject subj a'G to FIRST mortgage for 5000
! BY August Klcinau Sherin's mortgage foreclos-
feet south of one hundred-and-f forty -sccond-st,
2c7x75YoGx7 fyeostory browns'one, fat Due
si7Go
! Wednesday, January 2o--By Peter f. Meyer &
Co foreclosure sale George h. Mcclellan. referee.
Nos 81 ~ West Thirtynfth-st.. north side 22i
feet west OF Tenth-aye.. l5oX9s9: also. Nos 5i to
500 West Thiry-siXth-st.. south side 2oJ feet west
of Tenh-ave. l00x9s.9. eightsory brick plano fac
tory: also. Nos 526 and 52s West Thirty-sixth-st.
south side 32j feet of Tenth ave, 50x9s.9.
cant: also Nos. 5S2 and 53i West Thlrty-sixth-st
south side 900 feet west of Tcnth-avc.. aON9s... va
cant. Due judgment. sl0ss95
BY Bryan H. Kennedy. public auction sales NO
4 l;edfOrd-st. northeast side. between DOwningst
and Cottage Place. 22x97xl2xs6 four-story brick
! tenement: also. Us East Onc-hundredth-st, south
side 20 feet Of Third-aye.. 25xo0ll. hvcsory
brick fat; also lib Madison-ave. east side. - II
feet south Of one hundred-a nd-thrty thirdst... y
/ xSo three-story and basement stone-front dwelling
also. Nos 1904 and 1905 East One hundred-and-
scvcniicth-st south side. - feet west OF Brstow-
ST. 25xloD each. three-story frame tenements
Thursday. Jan. 2l.-By Peter F. Meyer & Co. fore
closure sale. Edward T.. Mccall referee. No. 30 Wes
Nineiy-sevenih-si.. south side 20 feet west of
Eishh-ave. 1sxl0ol. four-story and basement brick