The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-10-15
REAL ESTATE NEWS.

.rount OF business transacted In the
i,.,t,ts market last week proves ono OF two
80 r., ,Ither the dealing was temporarily
Violated by certain com limitations OF clrcum-
80, 80. or tho market has entered into a period
.r.t,iped activity In determining which
', ,he,s two conditions 10 the actual fact. TO
,1tcnt, the two big sales OF the week
.n.t DO left out OF account.
mn. bulk OF tho sales made last week con-
.,tptsd a showing that the market has not
''"r,llsd In months. The properties. so far a.
,NSi,Idunl values were concerned, were com
"I.,slv eclipsed by the orphan asylum aud
pp'o,dv.y sales. but in comparison with tho
i..,t, which has been figuring In tho reported
..I., for weeks past. they were undou btedly
..r,or This comparison holds true as re-
ard, mum bers.
,rone the sales which served to make the
~ 40 satisfying were that OF fne dwelling
I'd fat on Riverside Drive and the purchase
:. ,hs seller Of a large corner plot on the Drive
eh,,b will serve as q site for handsome resi-
S.nc,. big plot on the Boulevard which 10 to
=. improved with soven-story apart
w, house; a one-hundred-foot apartment
snr,s the Endymion. in Harlem. . fine
.v.lliue on East Seventy-second street. and
s"mb.r OF large lot sales in the Bronx. In
.ddi,ou there were numerous sales OF less
r,opor.ion but equally necessary in the max
u, q, q good market. These transactions
.u,, 20 far toward proving that the week was
40, temporarily active. 1t 10 safo to assume
,h,, the mark ct has entered upon an active fall
,,,son and that last week furnished the first
evidence OF activity.
Ths partiss at interest In tho Orphan Asylum
,,,n,,ction still maintain secrecy as to tho
hn,.r or buyers Of the property. and until it is
~ Ia Ia
.o., interesting details OF the deal must re-
-,in unknown. The fact that the block has
Nan on the market so long has detracted
.om.xhat from the importance OF the actual
al. Tho 6nal disposition OF the property has
NAN largely discounted and unless the Sc
or.ntial improvements are out OF the ordinary.
N. surrounding properties will be little at
t.,,.d The deal 10 ono OF the biggest ever car
RED through In this city.
The sale Of the corner OF Broadway and
sprinR street m cans as much. II not more. to
,bs market than the Fifth avenue transaction.
This In true at least until the details OF tho
l,,,.r are known. Mr.. Aver admits that he has
bought for Investment. and tho admission
means much. Tho site 10 now occupied by
various buildings which will bo torn down to
make way for a twelve or fifteen story build
Ing
IL In said that the Central neatly bono ana
Trust COMPANY which owns plot 60x200 ad-
Joining Mr. Ayers property. will undsrwrite
The building operation. which may possibly in
clude the trust companys plot II certain con-
tingencies can DO met 1t is not probable that
the building will DO begun at once as there are
snumb OF leases pending which the owners
are unwilling TO surrender
The auction branch OF the market fell behind
the brokerage branch In activity last week.
Only on ono day was thero any semhlance OF
activity. The present week promises to more
nearly squalze things Tho Emo sale on We'd
nesday will perhaps prove the m ost important
Offering OF the season.
Another Offering that contains much ofinter-
est to brokers will be disposed OF by Auctioneer
Goldsticksr on Tuesday. 1t Is the block front
on Seventh avenue. between 125th and 10th
streets. fronting 126 feet on each street. This
property has been left unimproved while its
neighbors have been given over to the influ-
ences OF trade and housing necessities. The
corner on 125th street 10 one Of the valuable
Harlem plots still unimproved. and 1t 10 prob
able that 1t will call forth spirited bidding The
sale is held BY order Of tho estate OF Henry
Schubart
The following are the comparative tables. for
Manhattan and The Bronx. OF tho transfers.
mortgages and projected buildings for the cor
responding weeks Of 1899 and 1893. as COM
piled By the Record and Guide:
coSvEIAScEs