The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-09-17
REAL ESTATE NEWG

While more business was done At private con-
tract last week than during the preceding one.
tho auction branch OF the realty market was
fully AZ inactive. The offerings were consist.
emily embarrassing and tho attendance at the
sales was small In the brokerage branch Of
the market however. there was q very notice.
able improvement In conditions. and the de-
mand for uptown residences was quito marked
II Ia noteworthy. too. that the dwellings sold
were OF q better class than those which figured
in the midsummer dealing. and tho same thing
10 true rs regards their location. Outside OF the
dealing Ia dwellings. there was a slight increase
In the demand for uuimprovod property. and
several fairly good transactions OF this char.
acter we're reported. Tho most interesting OF
these were the sales OF a number OF lots ut
MorninRside avenue and 115th street, and a
block front. reported, on Lenox avenue. be-
tween 18Th and 139th streets. Tho purchases
were made with the intention OF I'M proving the
property
While the past week was undoubtedly dull
30 far as the selling Of property was concerned,
there was noticeable impetus given to the
renting business. This was true OF almost all
classes OF improved property. from the tene-
ments OF the East Side to private residences
near Central Park on the east and west sides.
Tho consensus OF opinion among the brokers
Is that the renting season is to be particularly
bOOu ouS, WIN NO IDdTkeu increase or QecrehSo
In charges. but rather general Averaging
the high priced apartm ents to undergo slight
reductions while those less pretentious will
rent for a triHe more.
This general averaging Is the result OF per-
fectly natural causes. On account OF the very
noticeable increase In number OF high class
apartment houses. the resulting com petition
has compelled a general reduction OF rents
reduction which would be much more
marked were 1t not for the great demand
which oxists'just at present for this style OF
housing.
On the other hand. there 10 a clear distinction
now between a fat house and a tenemen and
both gain by this fact The owners OF tsne-
ment houses are fully aware OF the fact that
labor Is in great demand and that the wages
paid for days work are perhaps higher than
in years. They argue from this that the lessess
OF rooms In tenements are better able to pay
for them than heretofore. and the rents are
raised accordingly. This increase would be
even greater were It not for the fact that there
10 a tendency on the part OF their tenants to
move nearer the fields OF their work. in tho
upper part OF the city and in Brooklyn. and so
away from the strictly tenement districts. This
movement on the part OF workmen accounts
In part. at least. for the decrease In the tone
ment population OF the Seventh. Tenth. Thir-
teenth and Seventeenth wards Of the city.
PLAYHOUSE rents. az q general thing. will re-
main about what they now are. It makes very
little difference what improvements are made
to them. so long as passenger elevators are not
among them their value in the eyes OF the
houss-seeker will depend on their location. and
this 10 not subject to change. Tho demand for
this kind OF dwelling is good at present. par
ticularly in Harlem.
There is still a month at least before the
renting business comes to an end and the in
dications are that the brokers and agents who
find little business to be attended to in sales
will be kept busy enough bringing landlords
and tenants together
As has been pointed out. business In the
Broadway salesroom was dull. The present
week promises q reversal OF this condition Of
things. and II the list OF offerings does not
suffer from adjournments and Withdrawals.
there will be a revival OF pristine activity. The
offerings for Mon day number eight.
Tho following are the com parative tables for
Manhattan and The Bronx. OF the conveyances.
mortgages and projected buildings for the
corresponding weeks OF 1890 and 1893. as COM
piled by the Record and Guide:
coNvEYAScRs.