New-York tribune., 1898-01-23
REAL ESTATE.
MORTGAGE INTEREST RATES BEGIN TO
DECLINE.

, MOST IMPORTANT ANNOUNCEMENT OF THE
urrx THAT OF THE EMIcRANT INDUS
-r,r. SAVINGS RANK-A CENTRAL
PARK KAPARrMENT-HorsE SOLD.
..or more than Atty parcels OF real estate
...sad hands at private contract last week. and
.sas. not more than half dozen had any I'M
OF o, w" a. all as showing the tendency Of the
pO''rn, or we're OF interest only to the few per-
owning property in the localities Immediately
affected ,,... -, ,,o ,...oL ,.,s
..nounce,nent that the Emigrant Industrial
th,r. NV Rank which has been for years one OF the
-, lenders of money on real estate security
"'9 S ,on the maturity OF mortgage loans due TO
WIN .,a,d them II desired. at per cent interest
~ ~1rr,n. instead Of Az per cent, as has been the
pe S,.bsrto and will make per cent its rate for
Iuio Iosns upon bond and mortgage This IS be
lu' % mark the beginning OF the long expected
-. in mortgage interest rates and the general
oc o,, ,s that II is the best thing that could hap
~ ,o- future dealing.
w. ,re auction rooms in Broadway only on one
!" - the whole week there any sign OF ami
ds! !" Tn. amount OF property offered was mod
H IN, q was almost all put UP at forced safe
e'"V ,isintirs were the most conspicuous BUY
az" -. ls a somewhat be.>.r prospect for the
e'' u,ssk however, the sales including soma
good parcels ,
LATEST SALES IN THE MARKET
.rc,.story apartment-house in course OF coy
1T, m the northwest corner OF ElShty-siX'h
s"a Central Park West was sold yesterday ~
- s.. Isv,rgston 10 an investor. The name oi '''o
ssor IS kept secret and all Information aS -
pr,cs Maid Is also withheld for the present Nv
~ however is the largest OF the week ailu - " "
ns-el opinion that Mr.. Livingston mas mas "
the - nrodt t,y the transaction The bu'Io' y
h" ,,o, about l0l feet on the avenue py ao'u'
w.. :, The street. II is expected to be hhisneu i"
,wo months - .o,, Gov .hc Demorest
-. n Mark Arnhelm No. z East my 80
s.s's, n ,our-story brownstone dwelling houSe'
-. W tuo.story dining room extension xIV ."
nriyate terms. rN... C~buds
-. Glen, No. q Eas; seventy-ffth'st st. louI
,,o-v hrownstone dwelling-house on a io' @oN1O--
Iss property was bought in 1887 for S-Vc'' anu '"'
r,.sent price is somewhat higher. -,
su,h A. Stewart and Harnett d CO. nave SOU
,or George Hi 10 Pembroke Jones NO. Is Wes'
rs,.r~rs.s. 8 four-story brownstone d"eilhS-
house Oh lot 25xloo. for 5000
Francis J. Schnugg has sold 10 Meyer He'l'"''
Nos q and IS East ne-hundrei-and -hrst-s''' Two
Ave-s.ory fathouses. each GjxoNl-t taxing III par
payment six lots at the northeast corner oi frs,-
-. and Nineteenth-st. JUS bousht by Mr.. He'll
~o.r from Mrs G. Davis Mr.. Schnugg has aso
cd TO Amelia c. Schafor Nos. 9S5 and ~. ScluiI,
ssoya 80 tWo fve-story nathouses. taking In part
payne No 81 Wes: FL FfySeII [oS I65n * Horner to
Tsyj Haip,n the vacant 10, on the north side ot
onehundred and 70 = az 1ee' west q
Z j Ecan has sod 70 a Mrs Kline ana Mis
Gur.er Nos 2g5 ard e27 81. Ann's-ave hve-sto1y
brick hathouscs. 5aXSiXl", for ABOUT Si5VJ l.,
Gustave Newman has sold for John 5agenbuchIe
- Uerncsscv 10 29s East Nln;h-st., four
story hathouse 2ov@0 for 81 30.
STATISTICS OF THE WEEK
The auction sales last week realized S9S475 IN
the Rorouch Of Manhattan. as compared with sSj7.
e-s IN .be correspona.nr week Of 1891. In Brooklyn
the auction sales realized $i6275. compared with
slSl44 In the corresponding week last year These
tables compar, the conveyanccs. mortgages ans
buildings projected IN Manhattan last week and in
II nnrresnnnhlnr week ast year: