New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-04
REAL ESTATE.
BUSINESS IN THE FIELD.

BUSINESS IN THE FIELD.
Judging from the excellent showing made In the
real estate market in the week between Christmas
and New Years Day. in which time considerable
falling of in all sorts OF trade Is always expected
the predictions OF well-informed real estate me"
that the market will be exceedingly lively af'er
the middle OF the month seem in fair way 10
be realized. The last week compared favoraoy
with many OF the best weeks In realty for the last
few months II was remarkable for the large num-
Der OF private sales, and these are the more en-
couraging as many OF the properties were snapped
up at good figures almost as soon as 1t was known
they in the market. Then, too contracts
which have been hanging fire for weeks were cioseu
in the last days OF the old year. Variety IN the
classes OF property sold and In Its location was
distinguishing feature. All these sales combine 10
give bright outlook to the real estate market, for
the reason that the brokers had mdde little effort
TO push their offerings. most OF them being content
apparently to wait In quiet AID contentment Tor
buyers and sellers to find their offices after the
holidays past
There has been tendency OF late the part
OF investors who formerly bought stocks TO ac-
qure holdings in real estate and with the millions
OF dollars that will he paid to capitalists In the
next few days In the way OF interest and dvidenos
only TO be reinvested In some form OF security
offering a sure return. II Is altogether likely that
a great deal OF capital will find It's way into New
which have been unusually low for the last year.
especially in the downtown office-buildng district.
owing to the oversuppy. are already stinening ana
anxious investors. who have had capital lying idle
for months. will find ample opportunity for invest
ment In realty It Is not liely that there VIII be
extraordinary amount OF building In addition
TO number OF large buildings the plans for which
are already approved and in the hands OF the
architects but many owners OF valuable parcels
in all parts OF the city who have only been walt
ing for conditions to improve will furnish sufi-
Client offerings to make competition lively among
alert investors.
Two important sales OF private dwellings were
closed on Thursday by Henry d. Wnans e. May
The first was an American basement four-story
dining room-e X enson dwelling on plot 2oxGox'V nj
No u West Fifty-fourth-st.. on private terms
The building recently completed by Walker
& Lawson. The second sale by the same brokers
OF No. 121 West Seventieth-st.. four-story
twenty foot front dwelling with buffers pantry ex-
tension. built by Edgar & Son, on private terms
Almerc Hugh Pagct the purchaser OF No. II
East Sixty-frst-st.. which Douglas Robinson CO.
sold for William F.. King at $4,000 1T Is five
story American basement dwelling on plot 2"x
1905.
Noticeable among the sales OF fiat and store
properties were two transfers made by Herman
Wronkow to Leopold Henger. Mr. Wronkow sells
the five fve-story brownstone store and single fiat
buildings at the northwest corner OF Thrd-ave ana
Forty -nnth-st, on plot lG)xl0o. for about Sl'oVv
also the four fve-story brick store and fiat build
ings at the northeast corner OF Third-ave ana
Ninety-ffthst.. a plot 1ooxioo. for about $1,000"
1t was announced early in the week that Presi-
dent Seth Low OF Columbia University had taken
in exchange for his Hamilton and Franklin office
buildings in Brooklyn Nos J02 and 50i Broadway.
running through to and including No A to 80
Crosby-st.. having frontage in Broadway OF ~
feet and in Crosby-st OF l2o feet hve-story
y.
gives the New-York property and cash to Mr.
Low. The deal involves in all about sl,Sooooo.
Traffic in valuable city lots was unusually lively
and most of them were purchased by investors who
intend to improve them by the erection OF modern
ENTHUSIASTICALLY private dwellings-in the near
future Ex-Judge Henry Hilton sold 10 Mandel-
baum & Levine through William A. White d
Sons the four lots comprising the street front on
the south side of Seventy seventh-st. between
Madison and Park ayes, for Improvement James
b. Gillie sold through Duff & Rusher TO Francis
south side OF -hundred-a nd forty Inf hist %
ieft s Oh No @ to 81 Vest
and-orty-ffth-st four , iiye-story apartment
ference in cash Mr schnugg viii improve the
former property Immediately by the erection oi
Clarence True to Flake & Bowling plot 10 feet
front in Riverside Drive near seveniy-slXth-st
n dTeps vii Se erected o." the lot
Among the sales at AUCTION scheduled for this
a
otherwise specified. are the following
Monday, January by Peter T. Meyer q Co.
southwest corner OF Liberty and Nassau SITS. Xix
79.2x west 9e7x south inches west s2iex north
iron Syndicate Office building. with stores. Due
judgment. $lll.517; subject to other mortgages
BY Peter F. Meyer, & CO. receivers sale. Cyrus
G. Miller reseiyer NO ~ xi north
ceased .four-story brownstone-fron dwelling.
arfif d.
ford referee. no i43 Eighty -frst-st south side.
1856 feet west OF Avenue a. 2SSlO2 tn
BY William Kennedy foreclosure sale. J. p. Solo
mon, referee. No. l,G32 Amsterda m-ave west side,
2ill feet south OF Onehundred-and forty-irst-s
25xlo0 fivestory brick tenement with stores; due
By Bryan l.. Kennedy. foreclosure sale Hugh
r. Garden referee. No III to l22 one-hundrcd-and-
s south sa c Gf aa wes' q stores
in No. ia to 49, due on Judgment sSiSs6 subject
Tuesday. January BY Peter F. Meyer & Co.
foreclosure sale Edward Jacobs. referee northwest
corner of Fifth-aye ana Clinton race' %S s,6
By Andrew L. soulard foreclosure sale. Emanuel
NJ Friend referee No. 800 to 1876 Northumberland
nnthst south side @ feet east OF , sore
in No. 800; due on judgment. s9ioS; subject to first
BY William Kennedy foreclosure sale. Adam
Wiener referee. No. 1862 Park-ave. west side p
feet north OF One-hundred and -sxteenhst.. 255x
30. fve-story brownstone-front fiat: due on judy
ment s2sos subject to first m nSn sjsSoc
CLOSURE sale David Mitchell referee No IS For
syth-st east side. l76 feet south OF Grand-st..
s5xioo five-story brick tenement with stores due
on Judgment. $2S31. 49,
BY Philip A. Smyth foreclosure sale. John Vim
cent referee No 40 Seventyeight hist. south side,
81 feet east of Amsterdamave x5x1,x941. four
story stone-front dwelling; due on Judgment
81. 293
BY John ~ Goldng. foreclosure sale. Adam
Wiener referee No 300 TO 81 Eleventh-ave. west
side 49, feet south OF Thirteenth-st. 494lsxl0)
lumber yard: due judgment. sl5,o45
Thursday, January by Peter +. Meyer q Co.
foreclosure sale Edward r. Mccall referee. No. 30
Ninety-seventh-st.. south side. 215 feet west of
Eighth-ave. 1SxlO1l. four-story brick dwelling; due
on judgment, sli.S1.
BY Peter F.. Meyer & Co. foreclosure sale
Mitchell A. c. Levy. referee. northwest corner OF |
BEDFORD and Downing SITS. s0xe2.7la. seven-story |
brick store and loft building due 90. on Judgment
BY Peter F. Meyer & Co. foreclosure sale. |