New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-22
BUSY WEEK IN REALTY.
SALES OF SUBURBAN PROPERTY A NO
TICEABLE FEATURE.
STOCK Exc
STOCK EXCHANGE PURCHASE ESTABLISHED A
NEW REcoRD-PERIOD OF HIGHLY SAT
TsFACToRY BUsINEss-THE NE
vADA SOLD

NADA SOLD
Tho realty business Of the last week embraced
property OF almost every class II was heavy In
quantity. OF good quality and we'll distributed
Geographically In the most valuable class OF
property was the Stock Exchange purchase Of No
Broad-st but this. coming At a time Of great
activity I'm the market was mainly interesting from
the fact that It established new record for high
priced inside lots the Stock Exchange paying for
the parcel t23i square foot.
Brokers report that for the reasons indicated in
The Tribune last week, the tax question has yet
had little adverse influence negotiations in
speculative property. the price Of such holdings
usually bearing little relation to present or posi-
bic earning capacity. Early in the preceding week
investors showed a tendency postpone the COM
pleuon OF purchases. but as the conviction became
general that the would in the long run
have to pay the tax, this tendency entirely disap-
peared
Among the most noticeable features or the week
were the large sales Of suburban property for de-
velopment The fact that such prominent and sue
cessful operators as Jefferson NJ. LevNand John
ID. Crimmins are buying vacant tracts IN the eN-
Panding suburbs Of Brooklyn, and that there have
been equally extensive purchases In queens ana
Richmond indicates an extensive movement In those
sections By which the small investor and the home
buyer Will benefit in the end
The purchase by c. T. Hoffman, jr. OF Nos. 70
and IT Duane-st. from the Belts estate. through
Holdrdge Ward the nearest 10 an invest
week Mr. HOFFMAN and his brother William VI
Y Hoffman, own the adjoining property. Nos 70
and 81 having purchased il in 1900 at the same
time that George r Belts bought the parcel nov
sold The properties are well rented and no mme-
date Improvement Is contemplated
Members OF the Princeton club. OF this city. are
thinking OF acquiring 4 clubhouse and NJ Taylor
Pyne, president OF the club expresses the nope
bency. There arr $50 members In the organization.
In all. seventy parcels were reported sold at pri-
vate contract I'm the course OF the week The con
sdcretions announced in twenty-three cases
and amounted to S22Z.7Oo III the preceding week
sdera,ions Of ,l52oa0o In Manhattan and The
Bronx ne auction !lt sales realized ,0tA0 as com;
last year and in BROOKLYN 10 sii2i75. as compared
with Si6.275 in the same period Of last year.
THE NEVADA SOLD
The Nevada apartment-house built and owned
by Terence Farley's Sons sold yesterday 70 a
purchaser whose name Is withheld by the brokers
who closed the deal. FOR about $4,000 The Nevada
IS a handsome six-story brick and stone structure
in the Boulevard. between sixty-nlnth and Seven
teeth SITS Il has been built little more than year
Jesse G.. Bennett; & Co sold No 1872 West Sew
enty-eighth-st.. fourstory brownsone high -stoop
Withheld
The same brokers have sold two lots on the east,
side OF the Boulevard ~ feet south OF One-hun-
dred-and-seveny -ninth-st, for Pauline Levy for
Ruland & whiting have sold for Caroline Dreyer
the four-story and basement business building NO
29t Pearl.st: to Julius IIlrsch and Mark Harris on
block front OF warehouses /? RutRers-st.. extend
city lots to James F. Mcclure on private terms.
The same brokers have also sold for r. L. Y.
Lane No PA Canal-st.. a three-stOry building on
lot 26xiO2 facing Harry Howard Square.
Hirsh Brothers have sold to Niels Hansen a plot,
100 l0xl00 on the west side Of Amsterdamave.. be-
tween One-hundred- and forty-eighth and One-hun-
dred-and -forty-ninth SITS. .
Morris Myers has sold to Rebecca Cohn the old
building. on lot lssx6o No l5 Madison-st., for I'm
provement
W C. Drger has sold the four-story building.
22X70 the southeast corner OF Fifty eighth st
and LexlnFton-a ave. for A. New. Oberbeck 10 John
Henry C. Cassidy has sold No s2i East TWENTY
ninth-st. a fOur-stOry double tenement house. GjX
50xase. for John NJ Lewis, to Louis Dremes.
The plot. 23lxil5 the west side OF the Southern
and One hundred nd thrty-seventh SITS. has been
traded for five hye-story hathouses on the south
side OF One -hundred-and thirty-sixth-st. between
ST AIMS and Brook AYES The price for the lots
is $1,000 and for the fathouses $4,000.
The northwest corner OF Lexington and
dWeliings and No 2a East Eighty st. Sd-
Joining three-story frame dwelling. has been sold
by the estate OF Martin Mcintosh
The estat OF Henry Kanebley has sold the south
east corner Of Madison and Jackson SITS. with old
building 52xlC0 20 Rebecca COhn. The buyer has
resold for Improvement. 10 Cooper Delon.
y l.. & 7. Ottinger the buyers Of the plot.
5CNlO0 on the west side OF the Boulevard feet
north Of One hundred and-seventhst.. the sale OF
which was reported on Thursday. They will erect
a seven-storv aDartment house. ..
Edwin T. Wilcox has sold for Miss a. Y. Smith
the house No 1o4 Edgecomb-ave., l7xsJ, 20 an in
weston, on private terms.