New-York tribune., 1899-11-16
REAL ESTATE.
TO BUILD FIFTEEN STORY APART
MENT HOTEL - OPTIMISM AMONG
BROKERS - PRESENT STAG
NATION BELIEVED TO
BE TRANsIToRY.

The impression seems be growing among real
estate men that the best explanation OF the present
lack OF interest ia real estate Is TO be found In the
general expansion which is noticeable in all lines
OF business The view OF well known broker
quoted in The Tribune a few days ago. in which
the generally improved commercial situation was
cited as the reason why there were not more In
vestors in the ned was sufficiently novel TO oc-
casion comnert. but many brokers are apparently
OF the same way OF thinking In this connection
F. De r. Wssman said yesterday:
"One Of the chief reasons why men are not
nVee.ing n rec. estate is|that they need all the
money hey can sei for the legitimate Of their
busntse. Commerce and manufacture Of al kinds
are expanding. ana In many men are doing
more business than they have capital on hand for.
IL conse IueHce. there has been a strong demand
for money and It is bringing high Of interest
because there are many channels in which 1t
can be used. Business men are prospering. their
enterprises broadening and they need all the
eapltal tney can get. Ii Will he ony a matter OF
the untl the money that has been diverted from
the real estate teids will return to IT, The coming
spring season Is likely 10 LOOM. but IL VIII
basis, and that is what want. The selling
market Is dun to-day, but not because there is
anything radically wrong. Too much has been said
about increased taxation That has mad some snare
In the general result. but 1t been given undue
prominence. one Of the best Indications tnat the
condition IS only transtory is 10 be found in
ieAtns market which has exceeded expectations.
den are putting money into other things at pres
ent. because times justify business expansion but
as these same men reap The benefits OF tae general
prosperity they will naturally and certainly tUrn
10 real estate as safe and profitable field for in
The Etna Real Estate Company has sold the
nortnwest corner OF CeEaral PARK West and
paT eeced and boGs5 rom TSe654 S5d Guss sas
the northwest corner Of Central Park West and
from Amelia ~ Dunlap the lot west. of the corner
OF Seventieth-st.. size -5xlLo which there Is
Real Estate Company to build fifteen story apart.
ment hotel, al The cost OF SI0Ot1D, 20 cover this
plot Work will tegin on the building as soon as
Maxmilian Moreen hau has sold to John Massi-
mino the entire block front on the westerly side
OF Sherman-ave;. between One-hundred "a nc-sixty-
third and One hundred nd-siXty fourth SITS This
80 feet in East one hundred and-sxty third-st
and runs in the rear to the centre line Of Lew's-s
prepare plans, and therefore the property will be
! improved at once.
nothing else Of much Importance There were few
sales reported by brokers, including those OF sey,
! lot OF properties attracted a number Of persons
but the plaintiff again figured largely In the legal
| OF voluntary sales IN tne receivers sale OF the
Metropoitah Euiiding Company proper, Sdding Sn
was confined 10 two buyers Arthur A Swdhy
bought the corner Of len1x-ave and one nundr eG s
and MinsoW r. BsSoy rstcs ae
Samuel Golcsticker has sold for the helrs OF Lpp-
man LoPit[ to the Home Tor the Aseo Ga o sho ~ ne
! hundred-and dseventh-st., 200 feet east Of Amster'
| dam-aye 25xlO0ll. for $1,OC0
Hall J. Howe has sold for Maria Bennett lot in
| Observation-Disclosures and lot in One
hundred -and-eigEteehIh-st aoutting 100 reef west
Karl NJ Wa,lach & Son have sold TO a Mr..
a6oase on on at PFTas& q & No. 9Vf exsH
ffth-st. The same Arm has purchased from Frank
r. Tq9 the yx sxs sS%x no. eSs @ Vest aea
! ST.; also. from Mr.: Burgman. the I'VE story
East one-hundred -and-tenth-st -.
and aensy M EaWa E mas s0a doa six
Soy ta HGuss S Co., SALE a CASH s2
Lowenfe d & Prayer have sold to Julia " josef
son the dwelling house No 80: East Nneteenth-st.,
The following the results in the New-York
Real @ Estate SaeIroom yesterday x; sx.h.vo .s.
side. 50 feet south Of FoT.y-sixth-st lssxsO four
! No. III Yariek-st., northwest corner OF Broome-
St Hlx70 23 three story brick and frame dwelling
house to close the estate Of Ellen and Rose F. Nc
No u3 varck-st adjoining the above 2x7O
three story and basement brick and frame dwell
No is varick-st., adjoining the above. 2lx7c.
| No. 5ss Broome-st.. near Varck-st- 2oxs3.s,
fFFt %msHd ssnGy o4 ona 0FoN dwelling to
-sherman:ave., northwest corner Of Academy-st.
| Twelfth Ward @xlGl vacant; executrtx sale; to
John Connolly for t2,525.
No. 4S4 Grand-st. northeast corner OF wret,-st.,
6x62 a four story brick building with store: parti
lion sale TO Thomas \. Her5.rt for 81. 200.
BY Peter F. Meyer & Co; No l6I ! 20 ~ Gosrck-
col0xs0 5xlOo three and four story brick factory
buildings; putlc auction sale; 10 John Smith for
cas-; side 5 :1 feet north Of onshgs
MarxNathan Company; foreclosure: 10 the plaintiff
northeast corner Northumberland fourteenth st.
75.sxl75x irregular five five story and basement
brick and stone apartment houses: receivers sale;
10 Arthur A. swany for s. over incumbrances
St. Nchoas-ave. northeast corner OF One-hun-
story brick and stone apartment house With stores
receivers sale; to WinsIow E Busby for 5; over in
| cumbrances
Nos. 81 and 50 Rank-st.. northwest corner Fourth
ST., +Olia aX43 2x705. story apartment house
with stores: receivers sale: 10 Winsow Z. Busby
BY Herbert A. shsrman-No. sO2 West One hun
ndthirty-eighth-st south side. 1853 feet west
OF the Boulevard or Eleventh. ave, 6sxo9l, three
story and basement brick dwelling. foreclosure;
TO the plaintiff for ssooo.
No. rs West One-hundred-and- -thrty-sxth-st..
north side 1925 feet east Of seyenth-aye. Is sI9s H.
four story brick dwelling; foreclosure; TO the plain
dred thirty-thrd south side, 255 feet west
OF Fifth,ave.. 25xss,n, five story and basement
No - East north ,r side fee; st
sale e. Lowenfeld { Prayer for sls 900
west Of Doyer-st., 6xs2.lOx52s, eight story
brick store; foreclosure 70 the plaintiff for S!5G
BY MH 9s a f @ Of @ MG h
sixty-eighth-st.. 7Os:95. lands OF New-York and
fathouses: foreclosure: 10. i24o to II S shipman
Tor 6. s26 and No. l2i2 to 2s TO j. c. shrader. tOT
BY Philip A. smyth-No. q West one-hundrsd:
100ll. thre. story brick dwelling; foreclosure to
the plaintiff for N4.000
No rs West One-hundred nd -hfteenth-st., south
side 529 feet east OF LenoX-ave. 2xl00 II, three
story brick dwelling; foreclosure; TO g. I. Mendel
for $500
BY Samuel Goldsticker-No. 50 West One hundred,
and-thirty -ffth-st south side, 226S feet east or
Lenox-ave. l7.2x99ll. three story brick dwelling
foreclosure: TO the plaintiff for 5000
-
REAL ESTATE TRANSFERS
T3d-st No 3i3 East 25xi0o2 John KohloersI
William Peters and another. ....... sloooo
AnsdetaH N tios,h, w rS55 MScartsv % 800