New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-12-11
REAL ESTATE.
GUINNESS PROSPERITY REALLY FELT II
THE MARKET.

BUSINESS PROSPERITY REALLY FELT IN
THE MARKET.
HENRY coRN rHp BUYDRs OBJ T1iD PEABODY
,ors-cuEAP NONE YoBrAINABIE-THp EN-
CHANGE's ANNUAL MEETING
Almost every one interested IN city realty al
mitted last week that the real estate market WAS
at last feeling the benent OF the prosperity which
hv.res. ueneraIlv IN experiencing. Brokers every
where were busy and all had encouraging reports.
The Peabody and Fifth-ave. deals OF the last Few
dawn however, plain evidences or tho fnPro'co
stat. Of tho market. and there are moro IN view
n WAS said yesterday that the Siegel-Cooper
Company had made a large purchase In Eigh-
teenth-st increasing business compelling tho COM
pany to extend in that way. as well as TO increase
the height Of its present building. as announced
some time ago. II II also understood that the
Victoria Hotel property. which has been unoccu-
MED since 1896. 10 to be occupied at last Nego-
tiations have been completed for lease OF tho
building to a prominent hotel man. who VIII at
once reht and refurnish tho building, and open II
for guests. The Victoria is a six and seven-story
brick structure with frontage OF S4 Feet on inc
south ado Of Twenty-seventh-st. OF 81 feet on
Frfth-ave and 105 feet on Broadway. exclusive
Of It's annexea It is owned by the Paran Stevens
estate The name Of It's now lessee is withheld for
the present
One Of tho most encouraging pieces Of news for
some time is the fact learned yesterday that a
ga per cent on downtown Broadway office build,
ing. The mortgage was made at ABOUT one ar u
the valuation OF the property. This Is the nrst
concrete example Of the much-heralded cheap
money. ,,.., t.,
provement its immediate predecessors; Ihere
was n limited list OF announcements, and many
sale was that Of The Gerlach apartment house
No ~ TO IS West >, &c TO o satisfy
second mortgage bonds amounting 20 hoSvvv, rep,
resentatives Of the holders of when were NE
buyers at SOAPS subsequently sale under the
reported that the buyers at the first sale had ar
ranged to form ~ n7 e The rs on
gage No. 20 TO "a Pell-st came under the ham
form the most prominent building in Chinatown,
both because OF It's size and uses as an assembly
noteworthy Other transactions were uninterest-
ing. VI ,, -,
change is to be held tomorrow The treasurers re-
port shows balance in hand OF 81 $50 So In their
annual report the directors say this regarding tho
The committee on tho sale OF the building has
sacrifce and It believes that IN this. attitude il
holders. With the real estate market broadening
day by day your directors feel that the time can,
on terms satisfactory to. the stockholders
The annual meeting OF the New-f0rk Real Es-
and these officers elected p[essen
wsm Rys Secretary Sry' y Phn1
ham; Executive Committee. Philip F. smyth, VIII
lam F, Redmond. Peter F. Meyer. Louis Meser
Mc1ickar & CO have rented No; 81 Eas, Fifty
) ELS Hoffman I'm to the Kew Kew Villain ,N W. Ruthcr
ford; No ia West Fifty -hfth-st, similar dwell
N6 50 Madison G northeast corner sixty
nrstst. feet frontage for Mrs Frederick %l, Ct
teenth-st, s4-foot-front dwelling house. for Ed
ward Post to P ,26D NG ~ Eass Thor for
r Duncan Harris to W. Dennison Hatch No COS
Madison-ave:, at the southwest corner OF FIFTY.
tO II costs s2o No. oron IL East sim
liar house, for John A. Vanderpoe to Mra Cor or,
Thirty nth St. for Mra William F. Burden to
Theodore Havemeyer.
LATE SALES OF THE WEEK
was learned yesterday that Frederick South
ack q Co. the brokers who acted In the sale OF
tho Peabody lots, IN F1fth-ave.. that the buyer IL
Henry Corn and that he paid for the property be-
tween ss75UO and 100000 The purchases give TO
Mr.. Corn the largest remaining property suitable
for Improvement in F1fth-ave.. between Seven
teenth and Twenty third SITS. One parcel Is S2xllb
g. feet s0Stn q on It OF 20 feet and the
Other adjoining is ssxl7s feet with an 1 to ssy-
the angle formed BY the hrst parcel the the. Hotel
Logerot stands MI Corn will erect Large ,,, ner
and book trades. c~
Michael Fenney has tr1s ss tS conn
toXl"X irregular for ah OF and q
East Seventy-six th-st, two four-story brownstone
private dwelling houses n
May, No. q West Fiftieth-st. a forT-story dwell
Martin Metzger sold TO Arthur Moore the plot
on the south side Of One-hun6 red and eighth st.
100 feet east Of Columbus ave. 75xlo0.
Leitner Marks sold for the Ernst-Marx-Nnthan
Company the plot at the northeast corner OF Third
ave ard One-hundred- and fourth St. sS-
xlOo Three fve-story fathouses Will be erected
NJ L. Sire has also sold 10 Donnely Bros No
6G Hudson-st, fve-story nathouse on a lot 22x47.
at reported price OF 49, 900
STATISTICS OF THE WEEK
Tr1trty-nine parcels OF city realty sold at
private contract during the last week The con-
sidera tons announced in fourteen cases. To-
gether they amounted to 1867 900.
These tables compare the conveyance, mortgages
and buildings projected In Manhattan Brooklyn and
The Bronx in the corresponding weeks Of 1880 IND
1885,