New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-11
REAL ESTATE.
BUSINESS IN THE FIELD.

he
1t has been comparatively in state OF inac,N"s'
which &c soon TO be broken" Signs that TINS IN
activity is soon TO be thoroughly overcome nav"
multiplied with nearly every day OF the ne" 'ea,
Hardly a day has passed since January III WIZ
some transaction Of importance has not been re-
corded and the record for the last week mas peoi'
n remarkably good one. The sales at priVate cum
tract for the week ending January amo""'eu -
100000 "a compared with S.+"V" IN the co'iV
spending week of 1896 The auction sales Tor inc
same week amounted TO s2.5st3l2. as compare" WIN
S5 72s in the corresponding week OF 1890 vi cou,H
the large increase in private sales for the periou
named this year over those for the correspo'"ie
period Of last year is accounted for In part ny
George Crockers purchase at sl.GN'"" OF the Vaiu-
able property running through from Broadway 10
Newest. reported In The Tribune last week Inc
feature of the weeks business was the extensive
dealings In Broadway properties. and this Is
most encouraging development for the rev year.
The Offices Of the leading real estate brokers pre-
sent a decidedly different aspect now from that OF
a month ago. Then the brokers were waiting FOR
the new year TO bring in the business Now their
clients are frequent callers and brokers in many OF
the downtown offices are kept busy all day con-
sulting with those who are anxious to sell. buy,
lease effect deals in connection with desirable
properties in all parts Of the city The fruits OF
these numerous inquiries hardly apparent as
yet. but this IL be expected. Real estate ~
like no other form of investment In that It's values
are practically determined and can be relied upon
TO remain almost unchanged for months and often
for years Operators buy and sell stocks All In Il
day according TO the fluctuations Of the market.
but real estate the form of Investment to feel
the effect of hard times OF returning prosperity
| ana consequently the last to change It's valuations
| This being the case people having capital to IN
vest in realty Invariably take ample time 20 con-
slider well what additional security such an invest
mcnt Is likely TO Offer other investments al ii
period well in future before they decide 10 buy
rbnf fbDr. fs l1rp pIero f
| in the city to-day Is shown not only by the In
creased activity in the real estate offices but also
10y the statements of the banks last week. in which
the great increase in deposits cOnclusively shows
that great many people have large sums OF money
lying idle in the banks. only awaiting investment
in form of security. of which real estate has
| come to be regarded the most safe and sure
| from every point OF view.
In connection with the increased activity in
| Harlem lots it is interesting to note the steady
| advance In this form of realty in kingsbridge and
! its vicinity. Vast improvements have been in
progress there for the last few years in the way of
opening streets putting in sewers. grading, build
| ing etc. and more recently has come the an
nor ncemcnt of the construction of "A new road by
| the Third Avenue Company TO run from the june
ton OF One-hundred-a nd-sixty hrstst. and Amser-
| dain-ave. across the Boulevard at One-hundred-
and-sixty-hrst-st and north the KingsbridGe
| Road to kingsbrdgc at observation-disclosures
hrst.s: where it contemplates Joining the surface
! road already running TO fonkors. The new ROAD
| is overhead trolley line, with an arc llEUt
at the end OF each trolley pole. Gangs OF men are
now at work on the roddhed when Is 10 pe OF
| for the construction OF the new power houfe at
ana twGnn sres
| which Is TO op'ratc the line.
The construction OF his road opens up , pew
in that section. and many brokers are already tax
nF Brown S the hes Pprhaseh a,o" sixty city
| lots .,xlGl feet there many OF them fronting IN
| the Kngsbridge Road. and has already sold
| mi of q handsome increases the
Mr.. crocker's purchase of the properties at Nos
20 p and = broadway extending through to Nos
. II and 10 New-st. from Peter Marie and William
Transaction Of the last week The plot has
froptase in Broadway Of H feet 1T, and o, In & nSd
ll26 on its north line. This purchase establishes
nM sr fG G pl" 5ns SIS
foot. which ha. only twice been exceeded in sales
Haiku, 20 prepare plans at once Tor, twenty
story modern limestone Office building to be
The cost viii bo about sl'o0Oo
Among the auction sales Of the. week to take
| place az NO II Broadway. the following.
Monlay. Jan. by Peter + Meyer Co. fore
conner Of sixfh-ave. and Thirty-ninth-st. 2i.s by
"a" six-story brick store and loft building Due on
Ry philip A. smyth. foreclosure sale. Forbes !
,nnsssy referee Eos % to Sss Thr d. so sH"h
by west four inches. by south 23 by southeast lS".
by sSuh RI by west 3 BY po rnr, to POM Two rre e
story brick tencments and stores and SIX three
story brick en,mtitS IN rear, Win rleht ~ WY "
alley leading to same. Due on Judgment. s26.it
nv William Kennedy, foreclosure sale, John II.
Amsterdam-aye. east by Convent New Ninth;
ave south by Onr-hundred - dcforti.th-st. and,
north by d-andforiy fin st-st one ana
two story frame buildings on Amsierdanave an. ana
want lso Convent or New NnthayG Gas, sidG
sSenhinE G2S td 10 100 snail nGM yam 1r
Sniid liz and yaSsn Due on judgment Nsss7l
Tuesday. Jan. i2-By Peter +. Meyer 4 CO.. fore,
closure sale Charles Donohus referee, Nos 20 and
- -second-st. south side. .
feet east Of l.enoX-ave - by %ll Two h'e-s'ory
brick tonements Due on ihlsment: s@o.o
BY Thomas WakeT W ~ IS AndTeTS ref
and 40. 80 to $40 Fifiy-seyentn-st besnnins at
north side 30" feet esSi OF rny ia
to Fifty-seventh-st.. by west along same 49, by
south 2@ic. one Two and three story prick brew
Wedne@day January i$,-By Ieter +. Meyer
Co. foreclosure 'aie Charlie D0nohT r,,rS'
south side. IN feet west Of ortlandt-av' oOXl0l
lwo four,story brick tenements. Due on on Judgment
5000: subject TO other mortgages for N'.oW
BY b{"q L. kenneS ae So Tchoss PIace
W '.i sidc ssl feet north Of hundrSdand
seconds 20 by p by south l,5 by east 2 Gy
Du, on Judgment. sls,i94 -.
Tha!y an"2ry Ry reer f. Mey wG,; side GI
7G.S south Of seventy eighth-st. 296xss thrsc
story and basement brick dweing also Moprli
fortieth-s $3x9x25 ixll2. vacant: also. Morrs-aye
+ sae M fs sHI'n vS Gt aso
, east side sDl feet south Of One-hundred-a nd-for
east side. 1851 feet south of one-hundrcd -and,for
tieth-s 9S6x59 Sx25x s35. vacant. also. Third,ave
west side al feet south Of One-hundred-and-fo Tor
tieth-st 9j.ix95. frame building also: Third.ave
west side l295 feet south OF One-hundred -and-for
tleth-st. 25xn frame building; also Third-ave.
side ll75 feet south Of one-hundred and for
tieih-st 2jxS5. frame building also, Third-aVe.
l725 feet south OF -hundred-and- fortiet ST.
a5xso frame building; also No. ~ Leonardst.
Brooklyn side. 1911 feet north of briggs
: ave. 25xlro. frame dwelling.
Hy Peter +. Meyer q Co. partition sale franci
| \ Dugro referee the c0ncourse as proposed
q east side. 1861 feet south Of one-hundred
eighty-second-st 3oXl25. 2x3oxll6.4 two-s'ory an'
basement frame Dwelling also the 'oncourst a
proposed, east side about 1876, feet south OF one
hundred nd y-second-st. 2oxloxNxlZ'2 run
l. | south to point of Junction with Anthony-ave, va
" cant: also Anthony-ave. adjoining above. cas-
| side 2i7G feet north of One-hundred and-eghty
. firsi-si. saxl.M vacani: also. ANTHONY ave. cas-