New-York tribune., 1898-12-25
REAL ESTATE.
OLD DEALS CLOSED AND NEW ONES
BEGUN
THE END or THE YEAR FINDS THE MARKET
IN a BETTER CONDITION THAN THE MOST
SANGUINE or THE PROPHETS
HAD pREDICTE

sANGuINE or THE PROPHETS
HAD PREDICTED
Christmas week. that period in all the year when
htile Is expected from the real estate market has
shown not only marked increase in dealings
over many preceding years but has demonstrated
ths, every condition Is working rapidly toward
present increase of interest aud activity in the
future
Many old deals have been closed up In the last
week, and a number OF new ones have been initiat-
ed which likely to develop early IN the new
NcHr. Brokers, In fact. seem 10 be enjoying a
period OF activity unexpected by the most sanguine
prophets. In January it had been argued. The
realty market would develop. but in the middle of
December the imaginary barrier established for
years by the Christmas holidays and the taking OF
stock of he business OF the that has gone has
failed to stem the tide OF prosperity.
Chef and foremost among the improvements IL
the considerable Improvement in rents In the Old
commercial buildings that have been renovated
ntted with new plumbing and with passenger ele-
vators Although 1t is early in the season for Office
and store renting. there has also been a good deal
accomplished In this line in the last few weeks
and the renting OF stores and lofts and factories
coming into season T. proceeding with much
greater spirit and better general results than have
been known for five years or more. Sales TO inves-
tors have been also in evidence. although naturally
the specuatCr is the first to take advantage of the
improved conditions ana 10 MAKE MS plrsthN" AZ
the market known by his works. The sale OF No
555 Broadway soon 10 be followed by that of the
adjoining parcel. No. So. to the buyer If Is
said investment operation pure and sim
pie. and Of the best kind. The buyer is an owner
next door and when an owner IN any place be-
does not need for use In his own business II Is 10
be presumed that he buys because he knows there
is profit In such an invest tinent-
In the auction rooms last week the list OF offer
ngs was short and there was only one voluntary
sale. IN which. moreover. the properly was BID IN
The weeks business. in fact. emphasized the ten
dency on the part OF owners ana auclioneers& so 70
days when It is hoped the auction market VIII
show some Improvement 49,
al s250u No 80 West One-hundred- and third St.
nve-story and basement single fathouse a,g" ax,W
on the west side o. Washington-ave., 800 feet south
OF one -hundred-and,e ,eightieth-st. 49,. .o,.,.,,os,
corner Of Madison-ave. and One-hunded and -eigh-
teenth-st fve-story fathouse; l0oxS' ior se2; y9I
taking IN aprt payment "A dwelling IN west fHty-
W r & c. H. Smith have exchanged for John
Van Dosen the fVe-stOry hathouse No IVY VEST
Eightieth-st 2jxsxloO. with rhfelder q Hecht, 10Y
eight lots the southeast corner OF I'm
figures in the trade at $4,000 and the lots az SovW
George s Hail sold the fve-story stl, hathosss ssy
2-x70xlO on the east side OF Park-aVe oe'"eeh CIV
entv-fourth and Seventy-fifth SITS, ,,,,,oa ,,o
Henry Marks sold TO schmuck 4 Moneasf sts f,ace ure
uifh four fve-story fathouses. each 212 'front.' ms
price reported is 10000" < ,,,-s, PRO.
bc MO, o6xio5 at the northeast corner Of AmsteT
dsnave and One-hundred- and Forty y-fith-s', ~ n
'mprovement This is OF the best
situated corners on Washington Helghts ,or No
12i Fif;hlave.. has been resoid to the ottm"" es
William 4. White sons were '"e
sawson & Hobbs we're the brokers IN 'ne saaG
OF me s ro,' snd Ninety.second-st II is part OF
the Womans Hospital plot