The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-08-20
REAL ESTATE NEWS.

with brokers ana auotiohoots e 80
mat week was typical midsummer period IN
real estate business In the uans .,
,,r,x,to contract the dealing was almost entire
- -,,bout incident, the sales being unusally
ID a, slisht i'm portanoe The properties
- ,or tho most part fats. tenemsnts, old
s,,na,ns. and dwelling houses. Only In the
-, Lind NJ property was there any value ais
-Ih,a Tn the list OF sales at private con-
.r.cxtbe operators presence was noticeaoie.
~. ,nct,on room the inactivity was no less
.,...hr. The sales were In nearly all cases
,ho rssult OF foreclosure proceedings. ana the
ri.,ntIffs figured largely as buyers. The SAFES
smounted 20 about $227O as compared WIN
.hout SZ77, 900 for the corresponding "eok Vi
1898. Tho present week promises equa, ,sao-
.iS,,v NJ the sales listed. numbering thirteen.
-. iii be reduced by adjournments ana
Withdrawals. n.,h., tb. m,rket
aohsd its lowest ebb. and that the sue
aa.d,nr weeks will see somewhat greater oo-
go n, activity. The resumption OF business
n,ov he gradual or the market may remain 10,
,ina,.it IA ut present. but 1t ts doubtful
fit gets much ouiler. st
mr. nresen. stagnation docs not prevent
,roLsr or inyestors from taking ratner opu-
n,,stic po,Ition regarding the coming season
:, /. .aid by the brokers that the inauh % ioE
nronerties. both as speculations anu in'esS
m,nts. are numerous. although 'nere .e,
littlc disposition to bur at present. ihVeseo ,,,
al, that they believe the coming season VIII
- rood nm account OF the present renting ac-
.,xitv II Ia OF course true that good renting
..on usua,ly precedes investment activity.
nj. mat week was prolific In rumors.
80, tbem was the reported sale OF the
.,.ven.story business building. NOS 90 anu
a7a broadway Tho owner OF the property
aid tbat no sale had been made. put 'na' no
- raosiyed An offer which was rejected. ana
tbat this had given rise to the report h'nios'
.,n.llv unfounded was the reported saie Oh 'ne
tour-.tory residence. No. 23e Madison avehue'
In this case there was prospective purcheeo.'
vnlina to take the property. but there was
nnnoal hitch and the deal Is pfae'ieeny Hn
Tho third report which stirred up .esi'y CIR
.,.s dnrtne the week was that which had tne
WoCs..rv Mot. on Forty second street. SOLD.
=. 4. understood that this 10 the re-
,..r,rce OF transaction carried so
-. "a compilation about three months
that the contracts were drawn ana
.iansd on one side, while the prospective pur-
chaser had plans prepared Tor eiA-s'or,
hpsiness building which he intended 70 eree.
.ha Mot James McCreery. the owner OF
A. nronsrty. says that tho whole matter 10
nr.ctically a. 1t was before the negotiations
began. .~.
A n tho actual sales OF the week. there were
two which deserve notice. Peter wagner
bought plot OF eight lots on the south side Oh
I0ath street. near Riverside Drive and viii
.r.ct tan dwellings there. This upper section
~ the Drive has been conspicuous through the
hnid,na operations carried on there. Inc
..cond item is the purchase OF the plot. lux
100 on the southeast corner OF Madison ave-
MO and Ninety ninth street by the owner OF
.bs adjoining property. This site wul be I'M
nroyed BY the erection OF several large apart
ment houses.
Two interesting items were reported yester-
d,v, hut in neither case could confirmation OF
the reports be obtained. c. t. Barney was re-
norted to have sold the plot. l55xloo on the
nortbeast corner Of Broadway and Ninety
third street to a builder who would improve.
At tho Office OF the owner all Information was
rafused for tho present. The second report
was a trine more explicit as regards details.
II was that the State Trust Company. as special
Guardian for Katie A. Mnrsteller. had sold for
Ss5 900 the two story fats. 62x1Oo. on
The northwest corner OF Broadway and Ninety
second street
Tho following are the comparative tables. FOR
Manhattan and the Bronx. OF the conveyances.
mortgages. and projected buildings. for the
corresponding weeks OF 1883 and 1885, as
compiled By the Record and Guide: