New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-19
THE WEEK IN REALTY
THE MARKET HAS NOT COME UP TO Elk
PECTATIONS, BUT NO ONE is
r1SCnIrR AGED

No conditions indicating any marked change in
the situation have been developed in the last week
The sales that have been chroncled from day TO
day have been for the most part such as might be
expected in any ordinary season of trading, and
few OF the items which on the surface appeared
most promising really indicate nothing. they
were closed some time ago. and are only just be-
coming public. The Tribune in the last week has
published from day to day the opinions Of those
directly concerned upon the cause for the present
lack OF investment buying, and little remains TO be
said that has not already been said on that sub
feet in this column The fact that the market has
not come up 10 expectations exists. however, and
brokers have set about facing the situation
philosophicay possible High taxes. increased
cost Of building materials. and last, but by no
means least important, the demand for money in
Wall Street and in legitimate business enterprises
have all entered into the general result OF these
three things conservative brokers think the first
has been the least responsible for the falling off in
business and small cause for encouragement is
found in the fact that the other two conditions
that can be of only temporary effect Indeed In the
ease the last mentioned cause, while temporarily
IL has depressed real business it carries
win II az the same time the promise OF better
things. For II men are needing money In their
business IT implies that their enterprises are de-
veioping and expanding. There is no doubt that
business are enjoying an era Of prosperity.
and the money which is 10 be theirs as result
OF their enterprise is sure 10 find its way TO the
real estate market eventually. Men have learned
is TO be had in New-York realty. The one cause
for regret would seem to be the fact that they
are letting slip a golden opportunity 10 get much
Tor little. There are always some men who cannot
afford too impatient 10 walt AS result
there is property in the market to-day which would
be quickly taken by investors II their own business
Interests and the stock market were not so dis
racting. Property is not going to be any cheaper.
There is every reason 10 believe that II Will he
considerably higher in price, and the men who are
buying to-day know what they are about Their eX-
ample is worth following.
Fifth-ave was again prominent In the somewhat
commonplace week, and that section furnished two
TENS OF news. -
One was the sale 30 an investor" of No. 657
Fifth-ave;, four story and basement brownstone
and the other was the transaction affecting No 432
Ftfth-ave., five story business building, between
rhrty-eghth and Thirty. ninth SITS: Both Of these
are reported as cash sales. the former involving
n2500O and the latter $4,000
Outside Of these features the dealing was large
y professional in character. There revival
n the demand for dwelling houses Among those
hat changed hands were No: q West Sixteenth
leth-st:, No - West Eighty sixth-st Nos and is
East Ninety hfth-st. No. los East Ninety-second-
-; No. A West Thirty-eighth-st, No East
Eighty hrst-st and No II East Seventy -fourth-st
The nye story business building at the southeast
corner Of Cliff and John SITS included in the
budget as was the four story business building
No. 2lS East Ninth-st. and there were some large
sacant property transactions OF these were the
plot looxlO22 on the north side of Eighty-fourth-
lng 80 feet the south side OF One-hundred-a and
twenty hfth,st go feet east OF Eighth-ave and 100
situated from Eighth-ave; the plot Of eighteen
OTIS at Morningside-ave ne-hundred-a nd eigh
ronR properly nvolvns he block front trade o6 ,b
vest side Of shermaD ave between Tn eSe
tnd-sixty-third and One-hundred-and-sxty- fourth
In the last week ifty-four parcels of city reaItv
we're sold. consideration being mentioned In eight
Eases and amounting 10 $4,000.
The auction branch has shown no great imnrove-
sn over Tseks e. far as The chaae
closure sales got most Of the offerings. and in vol
,ntsry sales Withdrawals were frequent The auc-