New-York tribune., 1898-01-10
REAL ESTATE.
PROMISING BEGINNING FOR THE
YEARS BUSINESS.
REMARKABLE SUCCESS OF THE 7. NJ C. A. AS
AN oPERAroR--uPTowN LOT SALES UN-
AFFECTED BY THE RAPID TRANSIT
sErBAcK-PooR BUSINESS IN
THE AUcTIoN-RooMs
THIS WEEKS
pPoSpE(~TS
PROSPECTS.

The close OF the first week OF the new year nhos
real estate brokers in more hopeful frame OF
mind than they have been for many weeks. Whlle
the volume OF business reported for the week has
not been remarkable the private sales make
much more satisfactory showing than they did IN
any Of the last few weeks OF the old year. and
they include many good items. The passing OF the
New-York Athletic Clubs old building and site
at Fifty -h.th-st. and sxthave., into the hands o.
the rejuvenated Democratic Club has already been
dealt with In these columns. The most interesting
part OF this transaction now is the fact that IL
leaves upon the market the Democratic Ciuos
present clubhouse, valued by the directors at
100000
The real estate dealing into which the Young
Mems Christian Association has plunged was, now
ever, one OF the best things OF the week ana IL
can hardly turn out In any other way than TO the
advantage OF that organization The site Of the
present building OF the association, at Twenty
thlrd-st and Fourth-ave, Is valued. without the
building upon It. at nearly 100000 The building
when 1t was erected In 1863. cost 100000 For the
plot acquired. at the northwest corner Of Lex
ington-ave. and Twenty-sixth-st., and the seven
houses upon IT, the association pays sl5l.G0 As
there is little doubt. In view OF the existing and
prospective Improvements along the line OF Fourth
ave, that the institution will soon be able TO sell
It's old home at It's own price, when II does 1t VIII
be In a position. after having had the use ot the
Cd place FOR nearly thirty years, 70 pay for the
new plot and Tor 4 handsome Dulldlng su4tcu "
its every requirement. out OF the price OF the OLD
plot alone. without regard 20 the building upon H.
AS to the other sales OF the week, the placing OF
the proposed new United Hebrew Charities Building
at Twenty-frst-st. and Second-aye will have a
good effect the value OF realty in that section as
will also the establishment OF new apartment
house at the southwest corner OF Eighth-st. and
Second-ave. Most significant to real estate men
in the transactions OF the week. however were the
purchases OF uptown lots for building operations in
spite Of the setback TO rapid transit from the atti-
tuGe OF the Tammany administration.
Among other big deals in progress, with every
hope OF successful close. four operations in
volving sJ00O0 each. Contracts are also expected
to be signed early this week by which tract Of
seventy on the Southern Boulevard will be eX-
changed for n downtown building. wiki 4 prospect
Of the lots being Immediately improved. In fact,
there is every hope that the volume Of real estate
business transacted in the first four weeks Of this
year Will show remarkable Improvement on recent
dealings
Miss May Irwin. the actress. has bought the fat
houses Nos. li2 and IA West Twentye ghth-s,, 2jx
100 feet each for $500 from Paul Leavitt.
IN THE AUCTION ROOMS.
The most unsatisfactory side OF the opening busl-
ness Of the year was seen last week in the auction
rooms Throughout the week the attendance was
poor and the sales most o. them forced auctions
resulted In the buying Of the property by the per-
sons who brough, the suits The voluntary Of
ferings o, improved property were only two in
number. parcels at No. 81 East Eleventh-st. and
at No. % Maiden Lane The Eleventh-st property
was Withdrawn bid OF $4,000, ana as the own
ers OF the Maiden Lane parcel had an offer OF $4,000
for It and bids that amount were forth
coming it also Withdrawn. Twenty-one lots in
Jerome-ave. were disposed 0: for total sum OF
s33 800. a price wholly unsa ttsfactory in view OF
the situation OF the land and the fact that 1t Is al
ready level.
For the coming week the auction sales are not
OF a remarkably attractive character, but the
Fl Was last week Il is noeworthy in this con-
ne ction that the rule adopted by the Appellate
case OF forced sales makes it possible to estimate
much more closely the value OF the property o.
fered and is sure 10 attract bidders.
Following is list Of the offerings at the sales
room. No. III Broadway:
BY Thompson & Pryor. Foreclosure sale Donald
43 feet NORTH Of Twelfth-st., 2OXN three-story
fBhSax 8ns nsr9ham 9 CO.. Fore
closure sale: Ooed H. sanderson. referee; No; l5s
al and Irregular three-story brick building. with
stores and lofts due on Judgment. $s45 49,.
sylvester L. H. Ward. referee; Fourth-st, Wake
field. east side. block front from Twelfth-ave. TO
Thirtecnth-ave.. 22sXlO5. vacant due on judgment
By william Kennedy: Foreclosure sale; Eugsne
side, loJ feet west OF Seventh-ave., 25x7Oll, Va
cant; due on judgment & @2si ror.oo.ur. sale.
Thomas f. Donnelly referee No. 505 West Forty
south side. lSs feet west OF Tenth-aye:.
stores: due on Judgment. SO i37.
BY Peter F. Meyer & Co.: Foreclosure sale John
twefth-st south side. 80 feet east OF Frst-ave..
;0xlO0l. ive-story brick tenement- house; with
stores; No. 42l East One hundred and -twelfthcst
north SIDE 2os feet west of Pleasant-av 25XlWll.
brick tenement house. with stores; Que
Wednesday'-By George r. Read: Foreclosure
sale, George l. Nch9ls referee; t no. % T,nSS Mtst
ave. S0sxl0O5, ive-story brick fathouse; due on
BY james l.. Wells Foreclosure sale. J. Addison
Young referee; southwest corner Of Samuel (One-
-eshtethl St and y Mohegan-ave' 'Slx
BY D. Phoenix Ingraham & Co: Foreclosure
sale; Roger Foster, referee; No. 2l5 West Eighty
a We. 25xioos hve-story brick hathouse; due on
Judgment. sS,i6i; subject to another mortgage for
Peter Never CO. ,;s Psr'Go sale GH12R JShR
side. IS feet east OF Pitt-st sx-story brick build
By Peter F Meyer & Co.. Forssosure sale;
tiethes,. north side go feet west Of seventh-aye
,sxsss nvestory stonefront fa,hou'e; due on juds-
By Peter r Meyer & Co. foreclosure sale;
Edward Browne referee No - i2o Ess, Nnetynn sLif6
hree-story brick dwelling house; due on Judgment
Mclean, referee Hampden tone-hundred-and-
elghtythlri St, south side lol feet east Of Grand
BY L%doM s,Is 81 ei ENScHor Ws, o sas 4senNcb NN
ave. 22x95 three-story brick dweiing-house.
Thursday.-By George f. Read: Foreclosure sale;
Roger Foster. referee Nos 33i and 1886 East Thirty
ifth-st south side, 25 feet west Of Frs,-ave. 50x
OO coal and wood yard with two-story brick Office
lue on Judgment. sls,al.
BY Peter F Meyer & Co: Foreclosure sale: John
r. Judge referee No. 420 IenOX-ave. northeast
,orner OF Northumberland thirty -frst-st. l7xs5
hrce-story sone-front dwelling-house due on judg-
By Peter F. Never & Co.: Foreclosure sale.
n ires Steckler referee: No. $50 Forestave.. east
side los fee, north Of one hundred and-sxty first
t. 27xl35 two-story frame dwelling house with
wo-story frame dwelling house AT rear; due on
By Thompson & Pryor: Foreclosure sale; James
VI Ward referee: No. 295 to Sol Avenue B. east
side block front between Seventeenth and Eigh-
eenth SITS lsixl3s one. two and three story brick
md frame buildings. lumber yard. etc; due on
Judgment. l0620.
BY Thompson & Pryor: Foreclosure sale: Ed
ward D. O Brien referee No. 976 Sccond-ave.. east
de l0S feet north OF Fiiyhrst-st 20 5xl00 A four
story stone-front tenement thouse. with stores; due