New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-04-08
THE WEEK IN REALTY.
CONDITIONS SHOW SLIGHT IMPROVE
MENT PROFESSIONAL ELEMENT
DOMINATES THE MARKET
THE LATEST SALES.

There was little more stability in the market
last week. and the result on the whole some
what better than for time. A few conspcu-
ous sales do nos make a market, and the fact that
limited number OF good parcels changed hands is
in itself distinct indication that business is
improving. Investment purchasing is still an I'M
known quantity. and practically no outside capital
found its way into realty last week. Apart from
the buying of dwelling houses incident thic
of the year by persons who made the pur-
chases for their occupancy. and a few parcels
TO be improved for similar purposes. the business
OF the week IN the hands of the professional
element.
The general condition of the market is of
waiting. Brokers say that there are many in
quiries that may lead TO future business of salts
factory proportions and character but the diff
Guilty at present is bring deals to conclusions.
Some extremely large and interesting deals In the
indefinite stage cited last week by brokers
who hope TO close them, but who realize at the
same tine that no transaction is complete until
the contracts signed. Under existing condi-
tions IL is impossible TO hint the of
them, for premature publicity is not intrequently
serious handicap. II absolute misfortune, to
the real estate broker.
In the renting market it is observable that
similar hesitancy exists. The leases generally
for brief periods Of time, particularly in the
case OF business buildings. Fer this two
assigned. There is already slight tendency
toward higher rentals. Landlords and owners take
the view that there ought 20 be further increase
TO help them meet increased taxes. The tenants
who have experienced greater or less degree Of
commercial prosperity are in many contem-
plating the necessity for larger quarters in the
future. There is consequently strong in
csntive either side TO sign long leases. Vacant
lots and plots figured somewhat in last weeks
business. Opposite Central Park, on the east
Charles L. Tiffany bought a 50-foot plot in Fifth
ave. 504 feet south One hundred "a nd -nnth-st
The sale OF the south corner of the and
Eighty-fourth-st. by the Kemp estate. Is reported
be the forerunner OF fine residential improve
The transaction in Seventy ninth-st.
Fifth-ave. reported below is also interesting
item.
The Orphan Asylum property came into notice
again by the sale to Eugene and Thomas H. Kelly
of the z0-foot plot the north side of Fifty
hrst-st. 70 feet of Madison-ave. This dis
poses OF all of the Fifty-irst-st frontage except
$40 feet adjoining the OF the plot just sold.
In the there is lot unsold in Fifty-second-
st; also lots the street. 100 feet
of Fifth-ave; also the 1o05-foot corner plot the
avenue. and the adjoining lot, which abuts the
Union Club site.
Upper Broaway contributed two transactions The
plot bought at the Emo sale. in october, the
southeast of the thoroughfare and Sixty
ffth-st.. sold for Improvement and Charles T.
Barney disposed of the northwest corner of Broad
way and One-hund-ed- OBSERVATION-DISCLOSURES
The sale Of the abutting properties No 70 John
and No 30 Wiliiam-st- is OF interest. The pur-
ohasers viii .ear down the old buildings the
transaction whereby a manufacturing concern
ouired the rectangular plot Nos. 357 and $50 West
Twelfth-st. and Nos. IS and so Jane-st.
imprOSement-a factory building.
Other transactions We're: The six fiVe-Story Amer
lean basement dwelling houses No. 242 to 252 West
Riverside Drive given in part payment; the
your story brownstGne dwelling house at the south
of Madison a and Seventy-fi th-st.,
with the similar dwelling house adjoining at No.
S55 Madisol-ave.; the seVen-story apartment house
Nos. 81 and 80 West One-hundred and twenty
fOurth-St.; the siX-StOry apartment house at No 8
West Ninety-second-st. for which vacant property
was given in part payment; the vacant plot, 100lx
209 the southwest corner of FirSt-aVe. and One
hundred-and- first-st for which six six-story tene
mont houses in One-hundred- nd-twelfth-st. were
given in mart the plot of four lots at the
northwest corner of Manhattar-aVe. and One-hun-
bred -eighteenth-st.. for Improvement with
seven-story apartment house. aud the northeast
corner of Park-ave and Eighty-th!rd-st., n0.7x76l
with old buildings.
The leases included the entire building at the
northwest corner of Fffth-ave. and Twenty-second-
St. the first floor and basement the southeast
corner of Fifth-ave. and Twentieth-st., the first
tcor ana basement the northeast of
Fifth-ave. and Twenty-first-st the southeast
ner Of Broadway and Thirty-seYenth-st.. the build
ing at No. so Greenwich-st. the building at No
81 Greenwich-st, and the store at No. Astor
House
The following the comparative tables of the
conveyances. mortgages and projected buildings
for the corresponding weeks of 1900 and 1899, as
compiled by The Record and Guide:
MANHATTAN AND BRONX