New-York tribune., 1897-08-30
REAL ESTATE.
TWO BIG TRANSACTIONS IN A WEEK
OF BRISK DEALING.
DEALERS ENCOURAGED BY THE INCREASINGLY
FAIR PROMISE FOR THE AUTUMN MAR
KET-WIiAT MAY re DONE IN


KET-wHAT MAY re DONE IN
HERALD SQUARE.
Two big transactions in city real estate. not TO
mention the launching of projec; for the develop
ment Of a valuable section O: the Ncw-Jerscy
coast. completely overshadowcl ordinary business
in the market last week. and have made the other
dealings OF that period seem duh In comparison
Yet. even apart from these three transactions In
millions. the week was buster one than the aver
age at this time Of the year. There were several
important sacs OF West side dwelling houses of
the finest sort. ana number OF vacant plots in
hlgh-clnss localities taken out of the area Of
waste land. and marked for speedy Improvement
1t was a "bu' market from Monday 10 Saturday.
full of encouragement. both TO holders and investors
and there are more dealings under way which in
dca,e just as surely the signs OF last week that
real estate dealing in the approaching season is
going TO be brisk and profitable among those In
possession of really valuable holdings
The greatest transaction of the last few weeks
has been. OF course the Herald Square trade. II
was a deal In which there was no imitation OF
prices either side. in which both parties re-
ceived substantial pieces of property and one
substantial cash consideration In addition, and
with which both have reason 10 be content. The
interesting question now Is what Mr.. Van lneen
viii do with his new purchase re has told his
friend, that whatever he does do. he will GER
iainly not continue to maintain for many days the
present malodorous mudhoe which now disgraces
the ncghborhood but beyond that nothing Is GER
tain. Mr. Van Ingen has so far been "A highly sue
cessful spccuator IN the field OF real estate. There
is not a piece Of property bought by him. so far
as Is known that has not increased in value in his
bands and doubtless he had plan more or less
we'll defined for developing this parcel when h"
acquired it But 10 dispose to the best advantage
Of such property this This time, is 10 small
problem.
The hotel project for the site has already failed:
It is doubtful in the minds OF many people whether
a big Office building in such place would prove a
profitable venture Just yet. and there Is so far no
Indication that any dryGoods establishment big
enough TO utilize such an area would transfer its
ht sness from the sacred precincts bounded by
Fourtcenth-st. Sixth-av".. Twenty y-third-st. and
Broadway try experiment uptown. l. VIII
come in time. every enc ems 10 agree but in the
mean time it is scarcely likely that the next few
months will see the beginning of work sky
sCraper' overlooking. Herald Square. Mr.. Van
Inecn will probably tc content 10 hold the prop
crly. paying its running expenses As far IA posi-
be. with two or threo story structure. aiiy easiy
removed when the time comes FOR IL more ambi-
The peee of business second IN importance 20
! the Herald square transaction has been the sale
for immediate Improvement of boulevard property
announced in The Tribune Of saturday. The sig
| nifcance OF those three joint purchases has not
been overestimated and they are the sure fore
runners of Others little less I'm importance In The
dcvclopmcnt Of The upper West side This week
| IN real estate may be- dun on the snriacr.anmd net
/ the aucti' n-roorn list Of offerings !. 1b."luiry
/ barren 81 more than ordinary parcels-but many
| transactions. relatively small IN comparison
Of compl, tio. and. in truth. these viii show thai
signs of better times IS based on misrepresentation
Of the facts
IN THE AUCTION ROOMS
among the auction sales announced for this week
at 40 III Broadway are the following:
Monday. Aug. BY william N. Ryan: Forcslos.
ur, sale Charles T. I.ydrcker. referee No. i' East
nchundr-i-and-twenty- ond-st. north side. 2Sl
4 ropf NJ. St.l-
BY william Kennedy: Forccl sur sale Gilbert
: M n Tee, West of srconiaTe I5xic5 thrce-story
brick dwelling: due on judgment sSsA ,.,.,.
b. Van Gaasbeyk lefsrce 80 Lsi 10 ~ -, First
Nircty-sixth ss. 2Gxio eight nve-story brick cnc-
men's win soGc- on on sy'u ana yar1n o,h% at G1T ne5f
BY strong ( ireland FTcclossre ,ae; se'ah & r
side Oo OF Ten;h-aye.. 23A>?, three-.tory
prick tenement win stores: due \ Judgment G'2S
Tassay Aqg -Ey Wam Ns@oely; ,a,,elN. xG GoTs I
story brick and stonr dwellings Nos liz and II.
West Observation-Disclosures -sixth.st. north side
1918 fee, west of icnox-ave two thrce-story brick
! Ry August Kleinau: sherin's sale 10. So for
mery No $50 East One hundred -IrXrniieih-
being par, Of Lot 10 - on map Of village Of Nor;
risania. loxi6a; two-story frame dwelling. and
vacant all tide and interest OF Mary \. Moan on
Wednesday, Sept. l.-BN James l.. Nols. for"-
closure sale; John T. Pine. referee; NO. IS West
| Nnotieh-si south side. 2ji f""; west OF Central
Park West. 2XlosS. four-story stcnc-front dwell
! ing: duo on judgment. si321
At No - Iibcriy-st., by Richard Y. Ianett 4
co. public auction sac. No coo Fast One-hundrrd-
and ihriy-sxth-st., south side, 2lGj feet east of
! AIcxand,r-avc. "A thrce-story frame dwelling. 4oX
| 1O1
closure sale Elliott Sanford rrfcrce: Nos 23 and
-, West Ninety ty-cighth-St. north side. So feet
west OF Amsterdam-avc. =. 7xl4sx29 l0xii03 two five
story brick hlthouscs. Due on Judgment. - ls5, sub
! Icct to other NOR. 2ages for $500
! By James |. Wells: Foreclosure sale. George ..
I Austin referee. Nalcntinc-aV".. southwest corner
OF one hundred and ghtv-sccOnls,. lJ0Xo,9 two
story flame dwelling and two-siory frame stable
and vacant Due judgment. 1924,
! Friday. Sept BY James |. Wells: Foreclosure
sale: Renianin f. fio'l referee: No l.91i seventh
ave southwest corner OF One-hundrs Il and nine
reenth-si. 2Gxlc0 iyc-story brick rathouS"s. with
! stores Due iulgment, $lJ.c.l: subject TO other
| mortgages :or $1,000