The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-10-29
BttL ESTATE NEWS.

nv. ,,.ck lust ended has not fulfilled the prom
..s,b,, the excellent condition Of things in the real
,s,,te field made for H. The renting season has
t.cr most encouraging, and period Of Invest
~, and speculative activity was naturally ex-
-..,.d That this period did not fall within the
-, ,,e.k is everywhere admitted and many rea-
,o,s arc given for the continued delay Of activity.
n,okcrs attribute this delay TO the near approach
=, IN. November elections and the excitement at
.rd,nt upon them II Is hard to discover any other
,,,son in view Of the satisfactory condition Of
,,,y itself and therefore II is well enough to ac-
rem, the brokers' view Of the matter.
Tile dealing at private contract, while not all
that was to be expected. possessed many features
Indicative of the near approach Of an active move
r,nt The transactions brought to a close in
.n.rtmenl houses and business properties have
N. ,upenrance Of investment purchases, and in
..r,rsl instances such Is admittedly the case
1, n. least three of these transactions the locali
dee have been favored for some time by investors.
The site acquired by the Caledonan insurance
Company on Pine street Ia in neighborhood
xhich has recently been the scene OF an invest
r.nt mo, rment, and the same thing is true OF
c,r,r, ParA West and West End avenue where
hg apartment houses changed hands last week.
A,,,ber neglected portion Of the city, the Bowcry.
M far as real estate activity is concerned has been
participating in the deals of late and the past week
cav ono good sale concluded there and a second
even larger transaction started on its way.
The dealing in private houses was maintained
Throughout the week and number Of good sales
x,re copsummated in various sections Of the city.
Along with this phase of the selling the transac-
lions In unimproved property may be classed.
S.v.,.l large plots found new owners on Man
haitian Island and in The Bronx a satisfactory
activity in this class of property was reported.
Several sales of some magnitude were made along
Third and Jerome avenues, and a number oi
equally good sales are promised in the near future
On the whole the week an Improvement
over its predecessors Of September ana general
conditions with the exception Of the state oil al
fairs in the structural material market are such
AZ 10 indicate that the active season Is only de
layed
There were several transactions concluded
during the week that are worthy Of comment
The first Of these is the acquisition by the Gale
DOMAIN Insurance Company Of Nos. so and 52
Pine street The plot is of good size and on 1t
the purchasers intend to erect twelve or fifteen
story office building. Ex-Nlayor IIewius pur-
chase OF the Monticello apartment house, at West
End avenue and Seventy street, was one
Of the larger sales Of the week. and the fact that
the Hotel Cecil St Nicholas avenue and 1lSth
street, was given in part payment detracts very
little from the Importance Of the deal. A second
large apartment house deal was that in which
the six story structure on Central Park West, near
Ninety fourth was concerned The building is
not entirely finished The purchaser Of this
property is said to have paid cash for it, The
other important sales Of the week included a
business property on Chatham Square and
eral high class dwellings, either side of Central
Park.
The auction branch Of the market Jared worse
than the brokerage branch. Outside of the many
sales in foreclosure and partition the two offerings
OF importance that Of the Seaman property in the
Twelfth ward and the Rogers property in The
Bronx. poorly received There is prac-
ucay no explanation for this exception except
the one that the locations not to the taste of
prospective buyers The present week promises
10 be fairly active in the salesrooms but it is
impossible 10 predict the receptions that will be
accorded the offerings.
The report to the effect that the Roman Catholic
Orphan Asylum deal had fallen through was
denied by the interested parties.
The following are the comparative tab les, for
Manhattan and The Bronx, Of the convcyances
mortgages and projected buildings for the CORE
spending weeks of 1899 and 1898 as compiled
by the Record and Guide: