The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-09-03
REAL ESTATE NEWS.

The past week m ust be set down as partc-
ulufly satisfactory one in the real estate mar
ket.. IL is true that the auction branch OF the
market was practically inactive, but inactivity
10 the normal condition OF the forced selling
during the summer months. The same dull
ness 10 expected in the business on private
contract. but last week was either an exception
to what has been considered the rule. or 1t was
the beginning OF the fall activity
1t Is practically impossible to settle definite
ly whether or not the fall season Is actually
begun. but tho signs are all that 1t Is. The
selling last week was OF the same kind as
ushered in the resum ption Of activity year
ago. and the scene OF the dealing lie the same.
The opening OF tho season last year was
marked by a pronounced activity in upper
west side property. dwelling houses and
apartments. and along Central Park West. plots
for apartments. Last week was prolific In
transactions OF the same nature. excepting
only Central Park West properties. and the up
per west side was again conspicuous.
Then too, last fall there were few desultory
movements In business properties. and the
same movements were observed last week.
Three sa .es OF this character were reported
and several others were practically consum-
mated though not published. At the same
time It Is not safe to predict absolutely that
these signs will be followed by a resumption
weeks in succession before they can be
accepted as Trustworthy.
Tho one thing needed more than all else
to convince brokers that the active season
Is at hand Ia the presence In town Of the in
vestors. Solong as negotintions must be carried
on by mail, the closing OF transactions will be
delayed and even broken of. Brokers gener-
ally believe that the numerous public festivities
OF the present month will bring many investors
back to the city. and in that event the market
may be expected to improve.
The sales OF the past week have. as said.
called attention particularly to the district on
the west side OF the park between Fifty-ninth
and 10th streets. The transactions in
dwelling houses in this section OF the city were
surprisingly numerous and tho property was
for the most part OF the best kind. Riverside
Drive was conspicuous In the dealing. as 1t is
likely to be throughout the coming winter. A
builder who has been closely assoc iatedwith the
development OF the Drive said yesterday that
on that thoroughfare. between Seventy second
and Ninety third streets there were only five
properties in the market. and that two OF thess
were held at prohibtive figures. He also
pointed out the fact that the present values Of
property along the Drive were natural. whereas
on Madison and Fifth avenues they were to a
large extent artificial. depending as they do on
the continued residence OF number OF veal
thy families.
The auction market was the one blot on last
weeks record. Only six sales were made and
these in foreclosure The present week will
be little moro active. but there are two days
Monday and Tuesday. on which the Broadway
salesroom will be closed.
Mcvickar & Co. were the brokers In the sale
OF 105 East Thrty-ffth street. reported yes
terday.
Pease & Gilman. Post 4 Reese and other
prominent brokerage firms report long lists of
important leases. 1t is conceded that the
rental season is to be a good one.
The following are the comparative tables. for
Manhattan and the Bronx. OF the conveyances,
mortgages and projected buildings for the cor
re- ponding weeks of 1880 and 1888, as compiled
by the Record and Guide:
CONvEYANCEs