The evening times., 1899-02-25
PROMISING OUTLOOK
FOR REAL ESTATE
Prominent Broker Predicts an
Early Revival In Realty.
Prospective investors Enquire for
Property Bargains.
BuiIders Awaken From the Hibec-
Mating Period and Prepare
for improvements.

One OF the most prominent real estate
brokers in the city made the statement
to a reporter for The Times yesterday
that In his opinion the next three or four
weeks Will witness fine revival OF busi-
ness in real estate and building. He stat
ed that several transactions have been
closed by his firm during the past week
and that the enquiry for property, improv-
ed and unimproved, has been such as TO
indicate that very large number Of peo-
pie are looking over the ground for in
vestments.
Not all the brokers would, perhaps. be
SO enthusiastic in their predictions but
il is a fact beyond dispute that there is
much activity even now, in real estate,
and much promise OF booming business
in the early spring. The midwinter dull
ness reached further into February than
had been expected generally after the good
business of December. and pessimistic talk
OF a failure of the boom after all was not
unheard. There is now, however, much
more general hopefulness and even buoy
ancy on f Street.
The cheapDess of money is more re-
markable now than at any time before.
Ii may be said indeed that the situation in
this regard is entirely unique. One of
the prominent brokers has several consid-
cradle sums of money which he desires TO
loan at per cent. He has advertised the
fact, but for several weeks has been unable
TO place il. And for 4 1-2 and per
cent, there are probably hundreds OF thou
sands Of dollars in the city that could be
had on good real estate. Nothing approach
ing this condition has ever before been
known here. II is only less remarkable
than in New York where 1-2 per cent
l. .s,--.,
OF 10 II per cent, and where call money
can be had for ! l-2 10 , L. per cent and
time loans for 3 per cent. Washington
capitalists must turn their attention 10 real
estate for investment and for speculation.
Petworth the suburb on Seventh
Street extended, west Of Soldiers Home,
is TO be the scene OF one of the important
and interesting building improvements of
the spring. Two rows of ten handsome
houses each are to be erected on Quincy
Street, occupying. with the grounds, 200
feet on both sides of the street. and cost
ing about 500 600 for the buildings alone.
The sale of the real estate by the Petworth
syndicate 10 the new owner was recorded
this week. The trustees of the syndicate,
Horace 6. Cummings, William II. Saun-
ders, and G. ". F. SwartZell, conveyed 10
Adam McCandlish for about $4,000 one
entire block on Quincy Street, between
IS in the tract about 100000 square feet of
ground.
The plans adopted by Mr.. McCandlish
are believed TO be unique in Washington.
There are to be ten double houses each
occupying two large lots. 80 by $50 feet.
The double villas are TO be built with the
appearance Of one handsome structure, the
main entrances being separated. All OF the
ten plans are different The effect vii!
thus be that Of fine suburban street 500
feet long filled with handsome v To
add TO this effect the houses vii. lirty
feet from the building line. and the size OF
the lots allow about seventy feet between
them.
The structures will contain twenty rooms
each or ten in each house. The finish is
TO be in hard wood, and there will be hot
water heating and many other conven-
fences usually found only in expensive
modern structures.
Melville Hensey is the builder of The
houses and il was through him that Mr.
McCandlish made the purchase.
Petworth now has connection with ths
city gas, water, and sewage systems.
Several lots have been sold 10 people
who intend 10 build in the Moore tract
east of LeDeoit Park on the line of Rhode
Island Avenue extended. The building il
this section OF the city between NORTH
Capitol Street and Third northwest is
more active this spring than in almost
any other. II will be remembered that
several rows Of houses now in course oi
construction have been mentioned in this
column.
The fine row of twenty residences 10 be
erected by Thomas G. Hensey d Sons on
Florida Avenue. between Second and Third
Streets northwest. heretofore mentioned in
this column are 10 be begun this week il
is the expectation Of Melville Hensey the
builder, that they Will be completed during
the spring and summer months.
The work on the first contemplated ad-
dition TO the Portner Flats is soon to be
begun.
William J. Acker and others have sold
TO Albert E. Acker for S23,9 ,979 five houses
on First Street between f and +, north
west, and on Street, between First and
Second. The real estate is lots 56 and 81
in Acker's subdivision Of square J69 lots
SO and 81 in square 569, and lot 80 in Ack-
er's subdivision OF square 62S. The houses
are numbered 109 and III and t3 E Street
and SOC and sos First Street.
John d. Croissant and William A. Crof-
futt have sold 10 Sidney A. Sixbury for
$4,000 and to NJ. E. Sixbury for $4,000 q
large number of lots in East Washington