New-York tribune., 1899-12-24
THE WEEK IN REALTY.
,.,1r1oNs GENERALLY SATISFACTORY.
80, No MARKED CHANGES IN THE
NATURE AND VOLUME OF BUs1-
>-vsS WALL STREET SCARE
N,v HELP REAL ESTATE.
NAY HELP REAL ESTATE.

AN
-. onv new items Of overshadowing impor-
=. ,end II a distinctive character. last week
tSnO' o.,ate was not discouraging the whole
N ''~ 'oot preceding tho Christmas holidays is not
l luv expected TO yield large budget of sales
,ho slump IN the stock market could hardly be
Shu % benefit business in real estate The prin-
., nart OF that business for some time as has
~ ~ ,oted from day 10 day. has been the selling O,
-u,,r houses many Of them for occupancy by the
80" s.ors They have been generally expensive houses
W o- and such as might be bought by the men who
W. " or lose IN the Street Temporarily, therefore n
,.,re IN Wall Street was thing that could not
..a benehcial effect on the market and there "a
aoubt that some transactions which might other
,.s have been closed last week have been post
. until the situation clears.
-, me end however. IL is not unlikely that reatv
~ he benefited by the conditions which existed
rau Street last week. A good many men who
80, there or thought they opportunities for
tn and handsome returns on capital NAV now
I'm their minds into other channels 1t has been
,,,ted oct in this column several times that the
~, 80 thing that was having the most depressing
%oc, upon the real estate market was the d.
Ing OF capital that ordinarily came to that
,t., into the great channel which leads through
Wall Street
-sken as a whole the weeks record is a salts
,..,o-v II not brilliant one Those items that
IND ont most conspicuously. perhaps, are trans
,hslr actual consummation has not the charm OF
,vsl,v OF such a character is the announcement
eva, the Union Club has decided to take the Fifth
.vs and Fifty-hrst-st corner OF the Roman
cs,hol,c Orphan Asylum property
Among the business properties sold last week
as one AT Spring and Mercer SITS, 6lxlO0 which is
. :, bs improved with ten story building. A plot
=, six lots in Thirtythird-st, east of Third-ave..
rss bought by a publishing house. and will also
hl,ild he
and 6 Chatham Square also bought for i'm
oven,ert with a six story and loft building. and
= new eight story freproof store and loft build
,,e at No 80 Fourth-ave was sold
In Fifth-ave. the leading item was the sale OF
"a "a which is TO be the site Of modern business
hrld.ng, It is said. In the uptown secuoh man!
sns houses were sold.
THE RECORD OF SALES.
The sternberger estate has sold TO F. Victor &
lcbells the southeast corner Of Mercer ana spring
-. o,d buildings. plot eixloO The buyers will erect
. ton story hreproof building for their own occu-
pancy. -. ,oAu
n pons the three story brick dwelling house. on
nt %xloo No. II East Eghty-ffth-st.. on private
terms n
The estate of Edward Hayes has sold to Eugene
= 1udn No. l52 West Forty-fourth-st' four
,,o-, b-oynstone dwelling house, lot 2o6xloo0
rho-nas McIlwaine has purchased from Samuel
c.re, he Mot lcoxl64 on the southeast corner OF
r,,,ts,oa-ave and One-hundred- d-eightleth-st''
.or $500. >,o,,
P $ Treacy has sold for Countess NaseIi'
syardlan 10 w Donohue No l47 west SN'E-Hns'-
81. a four story dwelling house.
uorace s Ely & Co. have sold for the hosers
.,,s+a Nos 9s and sc Cherry-st. 5x2S1 with an
81" running through to No. 81 Roosevelt-st'' E0'SN
% The buyer is a builder.
n Feeney has sold TO j. Freedman No. S2s East
opAbundred- and -sxteenth-st. three story oro"h-
stone dwelling house.
building No. "a Union Square to the Douo'euaS %
Mcclure Company. ~
Jacob Iunitz has sold TO Harris Cohen & Bro
yo lze East Broadway. old building, lot 22xoL6.
The buyers will improve. He has also SOLD 10 3
Bernstein No. 1s6 Madison-s' a five story tenement
Pans iG were ed at the Department Of Buildings
SydrS BY P J. ON MG5F5fk pidf 2a5%ios No E
Place and no @ dsd SG 50 bY Paederck Aver
of Boston for twelve story and Sssment @ briSk lex
and LOFT building Ing q Ss aso BY the u tnda
company for an eleven story brick warehouse on
plot l7S4x229S. No $50 10 255 West-st'' TO COST
RESULTS AT AUCTION
IN connection with the unsatisfactory results in
the auction rooms which lave been noted from time
70 time. Mr. Mcvickar. OF McVckar & Co.. said
yesterday:
"Our hrm. which has only recently gone into the
auction branch OF the business is inclined 10 the
opinion that 81 more interest were taken In the
pfoperty to he sold by the auctioneers themselves
there would be an Improvement nouceanie ,as Lor az
Concerned This opinion is based on actual results
one day last week put up two parcels wnlcn
rhe plaintiffs felt would fall TO them lhey
were bought however. by outsiders The result
was due to the new method which we have miro miro
Syoed IN the conducting Of our auction business
When we have parcel on hand that we are TO sell
at auction make personal lnspecion OF tiie =.
inelNgently we also post notice on the properly
N ne effect that II is going to be sold. and we al
,ertse l., sneciav The result Is that Il not infre-
ouently happens that persons hear Of the sale Who
would ot theryise be ignorant OF the fact that II Is
~ +sts niace and they come down and enter into
the Kidding In one OF the cases mentioned the
bIver vas a man who happened 20 pass the house
IN question on car and noticing the sign. got out
10 Investigate We are willing to spend part d OF
Cr~ cornission advertising such property as we
are Going TO offer at auction because we DeneVe tnat
eve1tuaily the results will justify such an outlay