New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-08
REAL ESTATE.
CONTINUED ACTIVITY IN ALMOST EVERY
DIRECTION.
MANY PURCHASES OF PROPERTIES FOR IMME
date USE OR IMPRovEMDNT-DoiNGS OF

MANY PURCHASES OF PfofEhiir' '
date Use OR MISUNDERSTANDING OF
THE LAST WEEK.
TIL. last two weeks have shown a notable I'M
movement in the real estate market IN every dnc'
ton that could be desired. Recent 'rahsa0"o
reveal the presence In the market Oh 1"'' -
class OF investors which nsures steady oe'e'op
ment along safe and normal lines ana IL 'ne p
ent genuine activity continues there Is appa'e"'',
no reason to fear those disastrous mutations OF
values which have so often followed PERIODS Oh
revival In the realty market. carerui survey u
last weeks sales shows that neither DIG corpo
lions spectators any branch OF the so-c"
professional element has figured largely !" '
market but that the purchases have for the most
part been confined to comparatively smah deai-
,nos and that the buyers have been those VINO
have secured business properties at fair prices an
tlcipatng only moderate returns on their Invest
ments those who have bought for immediate I'M
provement or those who have secured houses for
immediate use and occupancy. Another encourag-
ing feature OF recent transactions Is that the pro-
portion OF deals has decreased materially
Whether or not the Inauguration OF Mckinley
is responsible In large small me isure for the re-
turn OF confidence among real estate men, II is a
fact that the market has taken favorable tufh
and that the long period OF stagnation Is over Is
the belief and testimony OF every representative
broker and operator The money market IL easy.
and. with present rates OF interest low. capital
that has long lain idle In the banks IL already
finding Its way into paying realty investments.
The transaction OF the week that caused the
most speculation In the brokers' offices and among
real estate generally Il that In which Henry
Corn is one Of the principals, and in which prop
erty amounting in the aggregate to 100000 or
s. 900 900 IL known to have changed hands. Fred
erIck Southack Co. are the brokers In the
| transaction. and so far they have declined to give
out the details OF the transaction. further than to
4
erty. at the northeast corner Of Broadway and
feminist: the northwest corner OF Waverly Place
and Greene 34x1oO new mercantile building;
the ten-story freproof business building and Nos
ll1 and l43 Fifh-ave at about $4,000. and prop
erty In Tird-st The purchase by w. Bayard
Cutting OF Mrs. Oliver III. p Belmonts handsome
city house. at the southwest corner OF Madison
ave- and Seventy second-st.. for 100000 and the
announcement. coming al the same time that Mr..
Belmont Is already planning to build a magnifi-
cent mansion In Fifth-ave. facing the Park caused
considerable interest and not little comment out
side of re Il estate circles
RENTALS FOR OFFICE BUILDINGS.
Although rentals for business properties have
not returned to their normal condition, especially
| in the downtown section offices in the build
ings are filling up more rapidly than was antici-
pated at the first OF the year, and the owners OF
old and antquated buildings are bound to be the
h he m Of cf Paul Bmd
ing: Frederick southack 6 Co, have rented IS per
entire frs oor has been rented to the Colonial
Trust Company: the second floor Is rented to the
Mutual LIE Insurance Company has a suite on
the fourth floor the John , Hancock Mutual 1th, Life
State Mutual Life Insurance Company on the ninth.
rsrn hs % on
aey na ha Life Bsn Smp1 s on ns ne
ance Company on the twentieth floor.
IN THE AUCTION ROOMS.
Among the auction sales scheduled for this
week to take place at No. III Broadway. unless
otherwise specified. are the foowing
Monday March s.-By Peter F. Meyer & Co.
west corner Of Frfth-ave. and Clinton Place 2SGx
100, four-story brownstone-front dwelling. Due on
BY William Kcnnelly foreclosure sale Philip n:
ld 81 feet west Of Prs x HSSt
| four-story and basement stone-front dwelling. Due
on Judgment, 1921: subject to other mortgages,
by William Kennedy. foreclosure sale. Matthew
feminist. south SIDE % fee; west of Peasant-ave..
2i.1oxlcoio. fvestory brick tenement. with stores.
Due on Judgment 1887; subject to first mortgage
Tussday. March BY y, Peter ssr Meyer Co.
south side 100 feet OF First-ave 3oxloO5 FIVE.
East south a side adjoining above e.
2hxooa each two hve-story brownstone-front single
south side. 2oxloo5 each. two hve-siory brown,
stone-front single fats. with lot about lS9x35.
East Fify-second-st.. south side. adjoining above,
9.xioo5. hve-story brownsone front Nat; also No:
Of F'rst-ave 266xloo fve-story brownstone- front
nat also Nos; 81 and 20 East Fifty see9nd;st:
ive-story browns tone-front single fats also.
a e9nT OF s9u n !aoS
a;haIf,story brick buildings; also executors sale;
W nH1fh through to e1nS
BY Adrian r. Muller & Son, trustees sale. No.
rs East One hundred and-ninth-st. north side: be-
tween Park and Lexington ayes. 1S1xl00s four
Frank Adams Aeer referee. Nos SO and si Vest est.
3iitss. tsxs2ll two four;story brick tens-
BY Bryan l.. Kennedy. foreclosure sale. Frederic
nST e @ feet Of fas s
three-story and basement brick dwelling. Due on
At No. 50 Liberty-st by Richard v. Harnett &
Co. public auction. or trustees sale. No 2i3 West
terdam-avc 25xiOO5 one-story stable also East
scventyhfth-st.. north side. las feet OF Ave-
north side. :4Sil feet west Of Avenue 4. 5Gxio22.
vacant as9 East six north side 2.2
nue. \. west side. oil feet north Of Scventy-ffh-
St; 2S6'4xlcox2; 4i9xlco, vacant
foreclosure sale. John H. Rogan. referee. seven.
norh sdS 2 fleet West Of Wes 81. End
Also seven;ie,hst north side go feet west Of
and vacant Due on judgment s5.iio ''''"s'
BY Peter F. Meyer & Co.. foreclosure sale. WILL
lam s. Andrews referee No $50 West Seventy
thrd-st.. south side 81 feet east Of West End-ave..
| I73x7G.S. three-story and basement brick dwelling
Due on judgment sl.l15, subject TO first mortgage
| for $1,000.
BY Fs,sr F. Never CO. fo T, sale: John
south side. ll0i feet west OF Columbus-ave. 4Ox
1905. six story brounst ono-front fiat. Due
Judgment. $52,sG2.
BY James L. Wells. foreclosure sale. Ernest Hail.
referee KinRsbridge and West Farms roads as
shown on map OF Adamsville. now Third-ave..
side, - feet north OF Rathgate Madison ave. 5)x
li5xi3xl19. excepting land taken for opening and
widening of Thrd-ave.. three-story frame house.
with store and two-story frame stable In
Due Judgment. &.ll3.
BY William Kennedy. partition sale. Henry =.
Butler referee northwest corner of Webster-ave.
and One -hundred-a nd eight yseventh-st, 81 TX