The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-04-02
REAL ESTATE VIEWS.

The past week has been in every way the
most active and interesting the realty market
has experienced for months. It has marked
the entrance into rea ~ transactions Of tho
iong-awaited Investor. and that alone speaks
strongly for the future Of the market. The
sales at private contract have been almost
without number. and the property has varied
IN value as much az II has in location. The
prlces paid Tor properties. when reported. have
shown a steady advance. but In no case has
the been abnormal. In the auction room only
has the wees lecn without special interest.
ind thc inactivity there was partially due 10
The 20 ,tponement OF o number Of important
sales.
The history Of the week in realty IL largely n
history Of Filth avenue. Perhaps In no ono
week in a year have the sales on that avenue
ind its intersectinR streets been 50 numerous
or so important. The selling has Included the
various kinds of rror 'rty. vacant lots. hnc
dwellings. and. In one important instance. an
Office and inft building. In the vacant lot sales
the most characteristic oi the present state %:
the market. and 81 tifth avenue property in Tar
ticular. N;-tl til" -il"uttwel'" lots At loLd street
Although NJ Inrncgi" has not as vet rom.
mei,r,D! HE erection pt his proposed mansion,
there j. Il great deal ~ confidence f"lt that he
will build. aud this accounts. in part at least.
for the readiness with which property north Of
sNlUFIN -St'Nil'l ~lt'' ' = b'iUn ~ ! I'lt Wv
the avenue eight lots have been sold. on Eighty
. ninth and Eighty-eiehth streets. f.. H.. Van
Ingen bought n 5U-foot front lot on tho avenue
no feet north Of EiRhty-seventh street.
But the most tangible effects OF the activity
on and near Fifth avenue appear in the list OF
sales Of residence property. O.. II. 7. Belmont
bought No. NJ Fifth avenue. the four-story
dwelling on the northeast corner of the avenue
and Eigttv-third street. The other sales in
-t-l-l ~ 80 r., 10, f-,.tl .t..-t NJ Sl
East Sixty.tiird street. No. ~ West Thirty
iuhh street. No. ~ West Forty-sevcnth street.
No. ~ West Forty nth street and several other
dwellings.
In the miscellaneous sales on and near Fifth
avenue should be mentioned Nos. 2JS and 2'iO.
an eight-story structure. and No. 81 East
Twenty-second street. No. u East Eighteenth
street. No. > East seventeenth street. Nos. II
and 80 West Fifteenth street and No. 20 East
Twelt tn street.
Among the other sales worthy OF mention
we're those Of Nos. 373 and375 Broadway. Mob
Park row. and the unfinished Victoria Hotel.
Nos. 1lS aui l2O West Thirty fourth street.
One other sale deserves notice, both from the
intrinsic worth of the property disposed OF and
its possible cfr"c, on the district in which it
occurred. II Is the sale to Ogden Mills and
Ernest FlaRg of n number Of lots at Tenth
avenue and Forty-seconi street. The intcn-
zion OF Tue purchasers Is 10 erect lTtlTDoI ttne-
ments on the site aud to run them after the
plan followed out in the management of the
Mills hotels. This sale calls attention to the
dormant state Of property on the west
ride. and PARTICULARLY in the lower see
ton, the Ninth ward. for instance. The
lower east side has been enjoying a boom
for months. so Jar as realty goes. and the own
RS of tenements are every day refusing to sell
at prices which they themselves admit are far
IN excess Of the value OF the property. There
must lie an end to this condition soon. and
what more natural than that the SPECTATOR.
unwilling to meet the eNorbitant demands OF
east side owners, will turn his attention to the
state Of affairs in the lower west side. where
proI critics winch rent as high as any Oh the east
ride can he bought for prices within reason
The following are the comparative tables for
Manhattan and the Bronx 81 the conveyances.
mortgages and projected huiidings tor the cor
responding weeks OF 1880 and 1893. as COM
piled 10y the R.yord and Guide: