New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-20
REAL ESTATE.
LARGE TRADING AND FEW CASH TRANS
ACTIONS THE MARKETS FEATURES.
DEALING THROUGHOUT THE WEEK IN ALI. PARTS
OF THE CITY. BUT A STRONG PREFER
EyCE EXHIBITED By OPERATORS



FOR UPTOWN SPECULATION.
The fact that the larges. real estate deal made
In several seasons is under way. with an excellent
prospect OF being closed early this week, end that
in addition TO other important sales mentioned In
this column. the usual business OF the week was
far better than the average. shows clearly that
the realty market. despite war talk and overmuch
caution, I. really In an excellent condition
To deal with the weeks business In bulk. tho
most pleasing features VI the transactions closed
are that they have been In all sections OF the city
and the majority are for improvement AZ an early
date AS renting In the last few months has shown
n steady Improvement, the latter is a good sign
Against this however It has to be admitted that
there were fewer cash transactions last week th'i
in the week before and the bulk OF the tradins
was uptown, much TO the dissatisfaction OF t"'
downtown brokers. who. however. had less caus"
for complaint than they had In most OF the preced
ing weeks.
A downtown brokers' view OF the market was
expressed as follows; Everything sold nowadays
is uptown Investment property downtown ~ AZ
standstln In times like these. why investors want
70 load up with non-paying property IN the ou'iy-
ing sections Is beyond comprehension.
Fortunately this view does not represent actual
conditions as the brokers uptown point out 10
their patrons with evident success. Operators see
IN uptown dealing q better chance for good pronts
than In investments downtown, and this feehhs
has become such a factor in the market that
brokers have to take 1t into consideration.
LATE SALES BY BROKERS.
The Bank for Savings sold to the Pabst Brewing
Company the plot. l5Oxl00. on the south side OF
Forty-ninth-st l2j feet west OF Eeventh-aTe'' ana
the lot 25xlOO on the north side OF Forty -eigh'h
ST. 225 feet west Of Eleventh-ave The purchasers
II Is reported will erect bottng plant and
stable on the property. TO cost $4,000
julius Friend sold Max Freund the property
Nos 1s7 and $50 Mercer-st j0xfco. for Improvement
Ignats Martin and Myer Hellman sold forty-three
lots In Garfield and Grand ayes. Brooklyn. TO
Alfred Merrill, who has already filed plans for
twelve houses. and two lots IN "ehihs-s''' u
Charles Greenhai
Charles T.. Schuyler E. Co sold for William ana
James Bradley to f. W Scott the five-story brick
and stone dwelling, S2x'5xi00. No. li5 Riverside
Drive for $500
Jones & Bailey sold to Winsow f. Buzby. for
D. r. Ogden. the northeast corner or Vanderbilt
ave. and hundred seventy eghth-st. lCsx
ice for improvement
J w Jones sold for a Mr.. Clancy TO r. heiiIy
Nos 23l and 235 West Flfteenth-st four-story fiat
houses 25xlO3 each: for the Blockledge estate TO
Mrs Collins. No A6 West Twelfth-st., a three
story dwelling 1882 and for j. Fistere TO MIS-
Doremus Turner No. 2O2 Waverey Place. three
story dwelling. 1S.lOx75 all on private terms
The Cram estate sold the block front on the east
side OF Fifth-ave between One hundred -and-thrty-
fifth and -hundred-and thirty sts 2ooxoo'
and half the plot has been resold to Stein q co.
for immediate improvement.
The Whiting Company is the buyer OF the Deck
er plot in Thirty-fourth-st., west OF Eighth-aVe
The Hartley estate has sold to jeremiah Pang-
burn the old building, 42.6x10 at the southwest
corner Blocker and Perry SITS, for improvement
STATISTICS OF THE WEEK.
The auction sales in Manhattan last week real
ICED 81 452. compared with Sslsss In the cor
responding week Of last year. In Brooklyn the
sales realized si4252s as compared with s6O.sS5 In
the corresponding week Of last year.
These tables compare the conveyances. mort
cages and projected buildings in the boroughs of
Manhattan The Bronx and Brooklyn. for the cor
responding weeks OF 1897 and 1888:
MANHATTAN AND THE BRONX
CONVEYANCES.