The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-11-26
REAL ESTATE NEWS.

The past week In the real estate market oar
,ied still further the Improvement In the con-
Alton OF the market which began TO manifest
Itself during the preceding week. There was
general broadening Of the business and the
dcalinq which had been for some time in the
hands Of operators. and which consisted main
~ 81 transactions along particular lines. was
participated in BY investors and spectators.
with the result that II was appreciaby e1-
tended TO nearly every class Of property
This participation In the dealing by investors
Ia still restricted to some extent by conditions
in the money market, but It was more notice.
abb, than usual. and ns the rates on money be-
some lower the presence OF investors In the
real estate market will be more common and
,he facilities for carrying on investment and
building operations will be greater.
The character OF the property most dealt In
during the week was the same In many re-
srec,s A. that which formed the bulk OF tho
dealing Of the previous week. On account OF
IN, success Of the renting season In oil kinds
NJ ent property particularly. IL has been
nrst 10 attract the attention OF the prospective
INVESTOR This the sales Of the past month
readily prove. The beginning OF whatever in
yps,ment movement has been discernible was
in the purchasing Of fats and tenements. Tho
ms, two weeks have Witnessed an extension
c,ihIs weak movement to tho buying OF apart
ment houses and business properties. still In
restricted numbers. II Is true. IL IL the belief
o,raal estate men that as soon as money rates
warrant It this buying will be extended. mas
much as the condition OF property Is such that
twill then offer a productive field for invest
ment.
The most interesting feature OF the week
WAS the temperance OF Fifth avenue proper
lie. in the list OF sales The sales there In
cluded two improved parcels and one vacant
plot at the north end Of Central Park. The
four.story prownstone building. No. 81 Firth
avenue was sold TO the owner Of an adjoining
rroper,y for aUuu' sl75.OO0. The second sale
was that OF the four-story brownstone
dwelling. No. COZ Firth avenue. near Fifty
third street. which was bought for
occurancy for about 100000. Tho
MOT sold was so. 11xlOO. on the southeast cor
net o, Fifth avenue and 1llth street. II Is one
OF the few vacant plots left on the avenue
nboye the Park. and brought q good price.
II will be resold for improvement. The two
sales OF improved property possess less In
terest than they might have. had IL been
the intention Of the respective buyers to I'M
prove their purchases. but they arc Important.
nevertheless. Just now. since they mark tho
remittance OF Fifth avenue property IN the
market.
Tho other sales OF the week included the sale
OIL business property on Warren street, where
another sale wa. made the week previous; q
lo,atl Is John street: a number OF fats and
tenemeuts; one seyen-story apartment house
on West Seventy-nnth street, and two similar
.II.story houses on Ninety-nfth street, near
Madison avenue. and .arge number OF private
houses in various sections OF the city. several
being located near Filth avenue. OF the better
class. A.number OF Gales OF vacant properly
were also made. Two churches bought build
ing sltes one IN Sinety-seyenth street. near
T..h avenue. and the second on the northwest
corner OF Madison averus ani Ninety-ninth
street one sale Of vacant lots on Eighty
fourth street. near West End avenue. was also
closed.
pThs Bronx was fairly we'll represented In the
bus ness OF the week. A number OF sales OF
improved and unimproved property were
reported and several sales OF large plots are
said to he near contamination.
With the exception oil one day the week was
duh In the auction room. The Jones estate
sale met with fair degree OF success. All the
parcels were sold. but In some instances tho
prices obtained were not az high as appraisals
The list for this week Ia short and few offerings
o'any Importance are contained in IL.
The follow ng are the comparative tables. for
an'attan and The Bronx, OF the conveyances.
morg ges and projected buildings for tho
corresron ling weeks OF 1899 and 1893. as
compiled by the Record and Guide:
coEyEIAscKs.