New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-02-15
REAL ESTATE.
BUSINESS IN THE FIELD.

An ,.. roaI estate transactions OF last
week were completely overshaho"en Wy Wv -
deal between the New-York Realty 'o'"p','
tho Netropolitan Life Insurance Company invo'N
ing the exchange OF properties Va'ueo nj 49,
>. %, ono T., which only few formalities are YET
| n no arranged There the usual n""ioe' "
comparatively small sales OF real estate ''
over a wide area OF the city, and the p'oA',s W..
tinued to do an extensive business III 'ne ''''
| snring rentals An important feature OF the week
dealings in realty were the sales in the auct'o" ~
J Several valuable parcels were disposed OF "'"e' '
! hamrer Including Gathouses and properties sold
| for Improvement indicating increased ACTIVITY
among the builders. In most cases Inc o'o'''.s
| was brisk and the large number OF compe'''o's III
front OF the auction stands and the ia'r P'ioe'
realized showed healthy condition OF the MAI he
/ The conditions affecting the real estate market
| rou, ara no, materially different from those TO be
found nj the same time any year The middle OF
February generally marks the TRANSITION oe'"ee"
the winter and spring seasons, ana from 'n'' .
/ on until May !, the brokers give their a''e"''o"
J almost exclusively to the rental OF OFFICES III .'o
downtown business district. This year the renting
agencies appear to have their hands luier IMAM
ever for several tall buildings have been compe'eu
within the last few months. and builders are push
ing work rapidly 10 have others readF ior oe'"
nancy on May l. and, with fair prospect OF 'nc''
completion before that date. the brokers are usls
! all their energies to secure reliable tenants TOT
| them.
Were II not for the fact that a large NUMBER OF
new buildings are already projected In the densey
populated business office districts below Cortiandt-
| st, and that work will begin on Them IN most
| cases. May !, thus making II necessary lot
| the occupants OF the old buildings to find new
| quarters Immediately. the new offices now IN the
| hands OF the brokers for rental would undoubted-
| " be far I'm excess OF the demand for them The
fact that there to be more removals than usual
this spring. partly owing to the fact just stated
and partly for the reason that there Is general
! tendency among tenants to leave the old buildings
and to seek quarters where more modern con-
venences are to be had. in the business centre.
tends 10 eaualize matters far as the demand and
supply go However. there Is no doubt that there
will be plenty OF office buildings for all those who
apply to the brokers.
This shifting about among business men s only an
indication of the confidence that better times
are in store and contrary to expectations, rentals
appear be stifcning materially. Two or three
months ago was noug Id rat 70 n nonten them
selves with rentals at about one-third less than
they had figured upon when they embarked on their
building enterprises and that their offices would
not he all occupied at that. For the last two weeks
however, the most encouraging reports have come
from the brokers' Offices and the rates showing
a decided tendency to return to their normal con-
The following auction sales are scheduled for
this week. to take place at No III Broadway. un-
Monday. February l5--By Peter F. Meyer fore
closure SALE Edward JaeNbs referee tn ;o
four-story brownstone front dwelling. Due
BY William Kennedy. foreclosure sale. Philip
NJ Leakin r ref No. 81 West sXty-eighth-st.
~ by 1905, four-story and basement stone-front
dTeng Due on Judgment .1i N7sl subject to
BY William NJ. Ryan. foreclosure sale Howard J.
5ss feet south OF Ninety-hfth-st. 20 by 100. i've
story rs brick fat Due 9, on Judgment $3.50 subject
auction sale. No. 1s5 West seventyeghth-st.. north
story and basement brownstone-front dwelling:
\, by andrew L. soulard foreclosure a sale, Emanuel
and ninth-st. south side 80 feet east of second
ays lx Co. foTr yesiory brick 90 With
to first mortgage for $4,000,
BY Bryan l: Kennedy; foreclosure sale Francis
ninth-st.. south side 225 feet east OF Second-ave
22xslxS 9xlon2saxo0, three-story brick house with
Wsdnesdsy Feb p 3aSs peter rs Meyer fore
Side feet Ms Of Wss EnSae ok
lCO5, vacant Due on Judgment. sl6.l36 Also. Sev-
north s 800 fe. west Of West End
e19 y Jd Dns on Was cal.
Jackson. referee. One-hundred and light -frst-st
or Fifthst., south side. lot 2l8 map of Prospect
Hill estate, Fordham. 6oxl57xj2xl543. Due judg
BY Bryan L. Kennedy, public auction sales Nos.
Broome-St.. 6ox75 four-story brick tenement
house. with store and two-story rear stable and
three-story brick tenement-house. with basement
store also southeast corner of Hudson and vestry-
SITS, 25x9I four-sory brick building also, Nos. 81?
feet west Of Eighth-ave. 576x9ss. nve-story
Madison-ave., west side extending from One-hun-
dred.and- eeventh to One.hundred-
each corner q and 20 respectively by So eight
four-story brick single iathoses No 1874 to 1855
At. No. 80 Liberty st. by Richard V. Harnett
public auction sale. No 5sl Parkaye. east side, 50
and basement brick hathouse; also Hslde-st. |
south side about 1924 feet of Kingsbridge Road
FDxsi NJ pxrn . p1S No
West Twelfth-st., north side $50 feet of Ninth
w s sy ana brisk brisk
house.
Thursday. Feb. ls-By Peter, T. Meyer, fore,
Eighty-seventh-st; north side, 1854 feet west OF
ment brick dwelling. Due on judgment. s2ss55
BY ID; F. Ingraham & CO.. foreclosure sale. Gros |
wes side 9 north Of Ss sxs
three-story and basement stone-front dwelling |
BY William NJ Ryan. foreclosure sale. r Duncan |
Harris, referee No 92 Brook-ave.. side 15lIa
e2.3l2 Port Morris Branch Railroad x25 2x6S a. a |
four-story brick tenement-house. Due on Judgment |
1921; subject to first mortgage for $3.50 and
BY W la Kssnney foreeGsre sale Grosvenor
at intersection With east side Of road leading from
with contiguous streets avenues and roads Except
ing. however, strip lx9l on the east side and also |
Lorillard-st and said road the latter plot being !
part of Lot 40 on damage map OF the Commissioners
Due Judgment S. 159.
Friday. Feb by Philip A. Smyth foreclosure |
side. 2p feet south OF J. Moneys lot as shown on
map of the village of Mott Haven Manor OF Norris
ania. town of West Farms. Oxl46x9Oxl4 running
through TO New-York and Harlem Railroad. Due
Judgment. sl6,0S8
Saturday, Feb 2O-On premises Mt II a. m. bv
ROLAND h. Archer. referee. foreclosure sale Eighth
St. near White Plains Road Williams bridge south
side, easterly One-third of Lot 1O45. map of viii
lage Of Wakefield, 334xllf. Due on Judgment s. 6lS
on premises at 10 a. m. by Harry V. Morgan ref
cree. foreclosure sale. First-st near White Plains
Road. Wamsbrdge. south side. Lot IS on map OF
village OF Jerome. 2Jxl0C