New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-12-04
REAL ESTATE.
THE WEEK ONE OF LARGE TRANSACT
TONS IN FIRST-CLASS PROPERTY.
TWO IMPORTANT BROADWAY sALEs-MR CAR
NEGIEs PURCHASES IN F1FTH-AvE-Lr-
TIE MOVEMENT on THE PART OF

NEGIEs PURCHASES IN F1FTH-AvE-Lr-
TIE MOVEMENT on THE PART OF
SMALL. INVESTORS.
The last week has been a series OF the most I'M
portant transactions III city realty closed for many
months The scenes OF these operations have been
the two sections of the city where realty Is at It's
greatest value-that is. Broadway and Fifth-ave.
and in the latter section particularly the erect VIII
be large and far-reaching
Andrew Carnegie's two-biock purchase in Firth
ave. between NinctIeth and Ninety-second sts
for a site for his new house is the largest made IN
this city in recent years with view to sihsie
dwelling and with MIR. Carnegies precautions TOT
securing congenial neighbors viii DO more 10 'alse
prices and to develop that part of Ffth-ave IN INC
long run than anything that has occurred III CON
nection with city realty for several years. MI
Carneeies modest disclaimer that his new dwelling
Is not TO he a palace" though II is TO be room!
is thoroughly understood The house may not pe
a palace to lis owner. but 1t Is certain. ever oi'
is agreed that ii viii be as handsome and com
moiious a dwelling any now existing III >o"
York and ncighhoring houses built on the rest OF
the property will be in keeping with H. Aire"uy
many options neighboring property are III vase
demand and there is no doubt that genuine
boom in that section is IN course OF ue'eoP
ment.
The two broadway sales closed by FREDERICK
southao< & Co are scarcely second in importance
10 this Fi.th-ave. deal The transaction involving
the northeast Of Broadway ana Ie h,
bona fde investment purchase. ana WIN w Sei' ~
Of NoS $50 and ga sfieT lots are to be i'm
proved with iwelve-story meTcantle ou, ,r,,s
artions involving Broadway property in one week
are truly remarkable Outside OF these items ,o ,
p 1Iaf gpioNn and old bindings ground ripe for
remprovement in the lower sections OF 1ne
which The speculatOr has more tidh HohoPO"@e"
'n In t6e aicon rooms during the week business
Ia has been. ana on fIIudN 'OIo
were no auctions at all The inaclNlt! n.y., no"v a.
may be regarded subject for Tor as
closure sales The properties offered al SoduatSSii
the schedule or the seventeen parcels billed IN
forcclo PROCEEDINGS FIVE were 6Grg The o chocer
offerings withdrawn or adjournea; Len 1pa fit
disposed Of two were adjourned and fve pa IN,
Prices were conservative. and the buyers were
The sac whch attracted the largest attendance
rinb house at Sixth-ave and Fifty-nfth-st.' by
Peter Msysr on e T4s5daS f9 CUB %hck paid
}or il 500 0c and the auCtioneer SAID maj me cro
was prepared sell a. SacpGe aS os sr 800
over mortgage Of sl25oo. but the auctioneer de-
withdrawn.
LATEST PRIVATE SALES.
7, was learned yesterday that Dr. John S. White.
,he headmastcr Of Berkeley School. Is rapidly
developing that institutions important really IN.
vestment Dr. White expects 10 move the schooi
irfO home n the OIu 'V4uHi"id IN
property on Washington's Birthday Febr ri dIs
In Inc mean time DIR White has praCtlcaHy oi h
posed Of big section OF the Park-ave IRON VI ne
Iattcrs premises to be entir ly separated from the
me oia Columbia library has been sold to well
known downtown library Tor aoou, s-wv,, ~
White 'e nsi5n9 pn IN of srkeiey school,
rrvilege Of using the library after taxing posses
%rs 4 9anar has sold to Ms Alfred T corning
brick and stone dwelling-house on lot l"N,' au-
ionine the Riverside Drive block front ana , otndr
djtional house is purchased by Mrs Clark for use
s,oreroom for her furnte wne S Aver
NJ W,yH she Viii tear down No. 331 secure ad-
d FTa5a aT f sold ne to ADAM Hape @ $40
and 872 West each
The price paid was about s2s5Oo each Mr. Hap,
pe gives in exchange SIX iG's on 's east Of ST.
MA Max Hart has sold to Mary J. sullivan No. 26
brick fathouse. 27xs9xloo. for about so oo 9eung
house loi 22x1OO has been sold for $1,000 u.,0r,
Charles + Kreppei has sold 10 C9nn
iot 2sxloW irregular ,ous, from sonn
Brothers plot 5xloo on the north side Tr Nne
irst-si 126 feet west Of Central PARK west ana
vii fTge Avsry have apo sold to r J. Kelly 80
Morningside-ave. hve-story na'house' o" 10
Frederick sou-hack & Co have leased for Philip
and Louis Phoenix 10 Hannah Freud ior zen years,
S-l
lot 2SxaS . No % West Twenty -third,St. .,Ihlls
rental Is perhaps high-water mark IN TINS pIoch;
hui is partly due the fact that the owner VIII
make extensive alterations < .
Nessrs Southack have also leased. for four years
al $4,000 and $1,000 year. 10 the ttecKer-Jones..
Jewell Milling Company the old Welsbach store al
No 93l Broadway. $1,000 -. ESQ m,
The same firm has leased for four years al Sloovv
q wear 20 Asiel Putzel the store and basement OF
Nos .,S4 and $50 Broadway. and reports fehtihe IN
The business sections Of the city TO be IN peter
condition than for several years. 80 ', :,
De Blois & Eldredge have LEASED WIN a. n
Drew q Co. for three years 10 Charles NJ. Vel
richs No 81 Madson-ave, and to Prescott Law
renee for the season. No. ia East Thirtle' h-st.
Osgood Pel has leased to Theodore A have
MEYER No. II West Thiryninth-st
STATISTICS OF THE WEEK.
The sales at private treaty last week were shghtIy
below those Of the preceding week In amount Inc
auction sales In Manhattan and The Bronx reaiizeo
ssS2 against $50 O5 in the corresponding week OF
last year In Brooklyn the auction sales rea!lEed
SI263-u as compared with $l6446o in 1891
Thee tables compare the cOnveyances mortgages
and buildings projected In the three DorOughs III the
Corresponding weeks Of 1888 and 1871:
MANHATTAN AND THE BRONX
CONVEYANCES.
1895. 1897
%