New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-07-05
REAL ESTATE.
THE MARKET REMAINS STRONG AND
DULL.
WHAT ONE BROKER SAYS OF THE PREVAILING
CoNDITIoNs-AUCTIoN SALES FOR
THIS WEEK.

THIS
Although the real estate market OF last week fell
far short Of eauallng the excehent RECORD Oh 'he
week previous, the number of sales while none OF
them were Of especial significance. was largo for
this season Of the year. and there was little GROUND
for the complaints Of many OF the brokers regard
ing the culness Of the market. These same brokers
were heard TO remark about the first Of May that
there would be TO more business till the fall rent
ing and selling season opened. but when. about the
middle of that month. the real estate market gave
evidences OF decided activity. and many important
sales Involving several thousands of dollars each.
were closed. they took more hopeful view OF the
situation and decided TO postpone vacations. Now
the reaction.
A disappointing feature Of the market Of the last
week was the failure Of certain brokers to close
several large transactions. two OF them at ieas'
involving. II was hoped. actual sales Tor cash.
and the accompanying announcement that negotia-
lions had fallen through entirely. with practically
no hope Of their being renewed on the lines along
which the brokers had been working.
In explanation of these disappontmerts. one W
the most prominent brokers in the downtown dis
trict said Tribune reporter: THE brokers can
always make better commissions and do larger
business generally when there is a break In the
market ard prices begin TO fall than under con-
dtions like the present. when property is held al
its full vaus. Owners determined TO hold their
properties at return of per cent on their invest
ment. and sometimes even less. unless they can
Ind purchaser al their OWN inquiries. Tue o"HS'
Is in almost every case able 10 maintain this atu-
tude az there Is an abundance OF IDLE capital here
and II he IS compelled TO borrow he finds httlc
trouble IL securing generous loan on paying
property at a low rate OF interest. The market IS
dull out at the same time il IS remarkably strong
and the present difficulty Seems 10 be that pur-
chasers are looking for bargains and have not as
yet learned that they cannot buy improved realty
In the desirable sections 81 the ely at the priSeS
As already said. che sales OF the last Week
though not few IN number included none OF o un-
tract were the following:
ward TO James Livingston the Orlenta. an eight.
story apartment house. at Nos. l53 and 10 East
Livingston gives IN part exchange the ree-story
and basement private dwellings at Nos go 522 and
John T. Williams sold the southeast corner Of
Blocker and Elizabeth SITS. a len-story brick
business building. OF a plot eSsxS9s feet to John
Thomas s. Brennan sold No. 464 Amserdam-ave.,
between Eighty second and EighSycth N s., sts
Gordon Brothers, builders. to F. n. Mott
Edward n GrOs6{ and Eugene s W nyS. sold for
Immediate G improyemeht Plot lssxesxiS5xis the
s benz Feet en so 5s east Of s a
southeast corner OF One-hundred- and-siXth,s,.
David Stewart sold for Jacob Hess. to an investor
the lots the south side Of Onehundred-
andeighty- eghth-st., 100 feet west of Amsterdam
Gutwiilig brothers sold to NJ. Conway. the three
lots on the north side Of hundred and eleventh.
ate m tseS Mesa Oh Five
American basement dwellings will be erected on the
bernhard Meizger sold Nos. 22s 2ao and 232 East
Eighty-four;h-st, three four-story fathouses. on
plot 56lOxlO22
THIS WEEKS AUCTION SALES
Among the auction sales scheduled TO take place
this week at No Ill Broadway. unless otherwise
specified. the following:
Tuesday July s.T1By d. Phoenix lngraham & Co.;
l2l Avenue A. west side 4sl0 feet south of Eighth
81. A4xSo leasehold, four.story brick tenement
Gov PaTSiilon se Wb McSTds refef ra No
i402 second-ave southeast corner of Seventy third
st. 27.2x75 tve-stoIy stone front tenement house
Seventy rstst.. being the northeast corner of the
streets named, 2. 2x!5: two four-story brick tene-
by James L. Wells: Foreclosure sale; John nt B
2ss feet west of Central Park West, 2xiOSs, four
story stone-front dwelling; due on judgment SiS27
g 5O feet east sP Of IWoodsi oxSo four TWO story
BY John r Boyd: Trustees sale. No; 81 First
ave. northwest corner of Twenty-second;str AS14x
81. a hve-story brick tenement house, with stores
joining il on the north; No. 81 East Twentysec
ond-st. 2ox74Oa.. adjoining the foregoing at rear.
fve-story brick tenement mouse with stores.
closure sale; Henry D. Macdons; referee; Nos ia
and 1926 West re- Iss Il
four-story brick dwelling; due on Judgment. $ilsp.
BY y. Phoenix lnBranam ~ Co: FOrecloSure
sale; Wilbur Mcbride referee; No. 153 Franklln-st.
south side, 1910 feet east OF IIudson-st 261ox
Il 2x25 7x664 three-story brick stores: due on
Judgment. $4,000
Friday July BY D. Phoenix Ingraham Co:
Foreclosure sale: William S. Andrews, referee: No
Is 10 % West Sixty fourth-st north side $50 feet
west of Central Park West. 75xlO0.5. three five
story stone-front hathouses: due on Judgment.
81 2l3. subject TO other mortgages for 100000 ,
Stanwood Menken. referee: No. IL Chrystie-st,
We side about l25 feet south of Broome-st., Ok
100 fve-story brick tenement-house with stores;
due on Judgment, $,SH6.