New-York tribune., 1900-03-05
THE WEEK IN REALTY.
VOLUME OF BUSINESS SMALL AND IN
TEREST1N& ITEMS FEW-BROKERS
COMPLAIN OF TAN UNCER-
TATNrTN

whole, extremely disappointing to those
brokers who had been led 10 believe from the de-
Yeopng conditions the beginning OF the year that
the market nearing a point where much inter
esting business might be looked for The bulk Of the
trading was confined to apartment and dwelling
houses. for which active demand still prevails.
Many OF the private houses sold last week
Of superior kind, but they were bought obvious
~ Tor occupancy by the purchasers, and mark no
new demand OF any kind. or the apartment houses
sold the newly built elevator kind had the prefer
ence A few sales involving vacant properties
and business buildings of unimportant class
added TO the budget whatever variety IL possessed
1t is difficult to know what the present depres-
sion should be attributed. The real estate market
seems, however. to be getting sensitive all
the time to outside Influences and while the gen
eral prosperity, of which much has been heard.
factors have acted to nufy in part at least that
! months ago acted direstly on the realty market
and until the situation in the stock market i'm
proved there was observable cessation of busi-
Rs5s in b nss 20 Of ] which are ordinarily de
The revelation Of the condition of the Third
nsenue = Fairoa0 a mas some say. DESTROYED tt IN
and bonds II would seem that under the, the cirenm
property. but It is rather more likely that he has
put tight rein on his money until better condi-
Whether this capital will later md It's way into
Some of it is almost sure to do so and there is Ger
tainly reason to doubt that eventually invest
make for prosperous and satisfactory conditions
That the movement in that direction which seemed
at hand few weeks ago has been temporarily
checked IS a cause for regret of course. but inte.
gent brokers do not see IN that fact any permanent
The uncertainty IN regard the stranahan bill,
%hGh Men PROPOSES 10 f9leet tax on real estate loans
Or the depression in the market 1t has had the
effect OF diverting large share OF money that
seeking employment in the real estate feld at
least has caused it to be held back until the lenders
Hnd out whether the bill is 10 become law or not
Real estate men are anxious that some definite
action should be taken on the subject, for, they
isting at present If mortgages to be taxed. It
conditions the earliest possible time and if the
to real estate interests by having it put out Of the
way at once. Without going into discussion OF
ensd much capital from the field.
Fear E, Of the passage OF the bill was subsldlng
stood chan5e OF being put through. This. OF
discussion which while ii does injury to the spring
market may aid in killing the bin. The protest
together with similar expressions OF disapproval
spread is the objection to the fnortgage feature
of the Stranahan bill
The only item furnished by the real estate market
,hls week worthy OF other than pass ing mention
Twenty-Five foot lot at the north @ corGe of Ffth
ave. ave and Ninety 1touTth-st by the owner OF the
The week also INCLUDED the sales Of the following
East No " = asa as No
E East 81 Fffty-afth-st & No us East sixty-ffth-
the southwest corner Of Madison-aye and seventy
%hlch VIII be the site OF a bachelor apartment
The Lippman TOplitz property Is to be sold
, Tuesday by Philip A, Smyth and a partition sale
Richard Hsrnaft = tS NJ 't 9lf,g ~ g',.taS & 10y
cessful real estate operator Every parcel is IN
active and promising district The list Includes
IN Harlem. and number OF vacant parcels in the
Riverside, Cathedral Heights and Washington
underground rapid transit road The properties In
Ar Iar, t%sne'ts sale are neaE5 al tments IN
Fourteenth sts and Th!rd-ave. but there are also
7S9s Wes, lots IN near Central Park
THE RECORD OF SALES
Henry G. Gabay has sold TO J. w. Doane the six
story brick building. Gsx7lxloo No lt3 to 10 Frank
| ln-st.. for $4,000
Richard V Harnett & Co have sold for Mr. Iiv-
| ngston to Jacob B. Essclstyn the three story and
basement brownstone dwelling house. 176xl0t. No
| private.
| blum and Max Singer. from AdoIph cohen No. l42
Nor1oik-st.. i've story brick fathouse. with stores
| lot 25xloo. 1t about $500
| Niels Hansen has sold Of his new apartment
a0dsfs IA AmTeadJamIaye 6G,ween hundred
Charles f Schuyler & Co have sold for Hamilton
| as the Alimar at the northwest corner u West
name is withheld but the purchase * sdidlto have
| been made an investment.
| Thomas tlJzsimmons has sold for Mrs Jennie
A A caEe~ the tyG stor% double hathouse No. 132
Taylor & Douglass have sold for a Mrs. Wright
! to samuel }. Corker the four story brick hathouse
/ feet Of Lexington ave l9x1OD
! William II. FaCOneT has sold No lgs East
Twelfth-st.. three story and basement brownstone
! house, on lot 22ibxl06 to J. +. Schurchman.
| Burril Brothers have sold for Emma p. FIsler the
| three story browrstone dwelling house No JO7
Tirst-st.. Eighth-aVe., BROOKLYN, for Sl4 500
Maxwell 5. Names has bought No Jos West
| Forty y-seventh-st lot 22xl005
! Horny kohn has bought the northwest corner OF
| Hudson and Perry SITS. a lot 52X+6x62X irregular
| William Schmidt has bought No. 5l7 East Thir-
teenth-st., five story tenement house.
| William II. Jackson has purchased from r. j.
| Blake the five story brick fathouse the south
: west corner OF LenoX-aye. and One-hundred-a and
thirty sixth-st The buyer gave in exchange No. 13
! East Sixteenth-st., already reported
} Isaac Gevingson reports that he has sold for
/ Lowenfe1 & Prayer Nos. 8. and Goerck-st..
! plot 81 SxlO0.
John e James &, Sons, of Brooklyn. have sold
| to the Sterling Piano Company for Thomas s
| Banklev the Brooklyn property known the
! Bank. 4GxS0 at the southeast OF Fulton st
and Hanover Place for 500 900. a story bus-
building will probably be erected the site
SUGGESTION FOR BUILDERS.