The sun., 1900-11-04
REAL ESTATE VIEWS

ciiaat t. the orgl1iZatlon "' t1' S"u''' '''
parada and to c.ectioneering WORN e'h''a',
In which real estate brokers hav" taken W ui''-
neut part With the near apIIoach oI e'e' avn
dny intending purchasers have also o'''''I '"
r-,ca,or resourcef,auess in pretexts for Tos'-
pouing the aAlXng Of signatures to contracts
a. hecause Of the prospect OF sound money
victory. sellers are making no concession III
n-ices buyers have no reason Tor assuming
-i.L nho,cver IN connection with the cleo
,Ion Under the circumstances this We'h 5
,o,r,a-a,ive,y rneacrencws budget by no means
Indicates a diminution in the confidence as 10
tho ,u,ure which began to be reflected IN
roderate increase OF brokerage activity some
three weeks ago.
The incroasad activity noted At that Nme
VIVA occasioned by a relaxation in tn" mort
rnce loan market. which has since undergone
po change Indeed McKlnley's eectlon
annears TO have been fully discounted by the
lending Institutions. so that in the mat'er o'
loans intending purchasers do not appear 70
hoy. found any motive for adopting waiting
,olicv A. W. Mclaughlin. whose positich
lend. weight "a his opinion, said yesterday.
Il do not EXPECT any immediate radical change
IN r.tes Of interest consequent upon the favor
able result Of the election. but look for an IN
creasing tendency on the part OF lenders 70
pu, out funds. The holding back ef oper
ations on the part Of operators and builders
for long time past has had the usual enect OF
leaving fewer untenanted buildings on 'he
market. and With the general increase In ousl'
meas in all lines which ls anticipated. I look
for corresponding return OF activity 10 ouilo'
lns operations. In view OF the active business
,,edcted bv 40 many competent authorities
| do not expect any considerable decrease In
interest rates.
There Is thl, difference. however. between
the person who lends money on bond and mort
raae and the one who buys the fee that the In
yestment made by the former represents only
40 or 70 Der cent, say. OF the market value ot
,he property, and IA besides secured by the
mortsaaor's bond, while the buyers Invest
ment covers the full market value. Ihe
slightsst shrinkage. therefore. will Affect tho
purchase Investment. while 20 or m per cent.
Of the assets value may disappear before tho
mortgage investment is tmperilled, This cir-
cu,nstance sufficiently explains tho greater
caution on the part OF the buyers In discoun'ins
rlectien results, for the fact Is recognized that
a deprecated currency means high interest
rates and that high interest rates mean low
fee values on real estate.
With the reno val Of the last vestise OF cleo
don uncertainty real estate ought on Its pres
ent merits to como In for at least a normal
degree OF activity. The rental income OF prop
erty has been substantially increased. partly
by the allng up OF vacancies. partly by the res
toration OF excessively reduced rents to profit
able oasis. The variation In the demand for
srorcs reflects with the accuracy OF barom-
etar the condition Of the tenantry In residen-
tial housing OF the principal avenues
IN the borough. Third avenue. is aud
fnr savaral admit
tedly the least prosperous. Yet. while
Third avenue. from sixth street TO i3Oth. two
wears ago contained is7 vacant stores. to-day
# contains only elghty-four. although this
number may be swcllcd up after election by
a dozen nremises which have beeu temporarily
occupied a. registration and polling places,
Arthur +. pnCr ret reports the following
sale, and exchanges.
SiNticth street. 23s West. a siSteen-famlly
tenement. .c5xIOO. at si?. 500. 10 James McSorley.
Six,ieth street. %, Vest, fve-story tene-
mcut, ?5xlOo to client.
The two-famly dwelling at Fourth street
and Whiteplans avenue Willlamsbridge. so
IioO at $4,000 20 VI. Low.
Twenty-flrst street. No. 2s1 90 as. Brook
lvn. ten two-famly dwellings. 10 Ellen Hickey,
al $4,000,
Ileventh street, No. 3oi. a two-story prick
dNfllinR. TO MARY BrgSs, AT S6,eJO.
Fifty-second street. No, 3Os. BROOKLYN, n
three-story brick fiat. 2exlOO. TO T.. l.. Shultz
Ten vacant lots NJ East New York and Schnec-
tady avenues. TO VI. Dugan.
Queen Anne cottage. 5o1ioo, 70 NJ. storer
at Minnesota and Liberty avenues, Dun,on.
J.. !
new dwelling on Richmond Turnpiks.
staten Island. at -. 900 to Mr.. Mtntun.
The IeverldRe country seat on the wot.r
front NJ West Neck Park. Shelter Island with
boats, carriages, SC. NJ $4,000
Mansion nt Wavcrl V. y Y. at SIS. 600.
purchased by Or. Carman, who expects TO con-
vcr, 1t INTO a model san'arium
Eusnd 4 Whiting have cold FOR .Io.epb G.
Baldw T." l. Ian" No ~ Bo.kman street.
Harriet Shaw, No ~ TO so latbush avenue
corner Of Linden avenue. Flatbu~ll BROOKLYN
;our-story apartment house, al 50 1900, and
for the c>;rt, of Robert Shaw to Charles ii
Iah"r, y" ?iG Fourth avenue, Brooklyn
IT, lHnA l. Fisher Company has sold for
,linrl No ian Wn~' Flghiieth street. n fou,
.or, and hl-.ul"ni browusl Tone dwelling. on
10, ?o,iu2.? 20 { / J"rgcr
Tie NroNet"r Really Company uas sold
No. ia' and r3o Wc,i forty-afth street. a SIX.
n"Ty hlailu.ni hotel. on a plot "a 3xi0o 5, ia
Rowinnd W N''urdv
Henry Du~ rh.r has -old No ss Division strce,
Z" n ,'ih"t~' corner i Ildrdce street n three
toTN br Us tenement. With store on n lot co =,
80 . n'vl' 'oN"u. Hno has re>old il 10 Jacob
F.>Hcl for luIlroy"ric'.'
'harl"> "a!.ewsh aa> sold for Adolph Gold
san" y" - M1urno street extending through
I" No ~ herr S'''''. 4 plot ciNIa5
,tih"il J. y german lR- sid the vaCan,
pot an ~" NORM ~" Of Hester street IL
Itch ''' ~ -i'' ''e
william Lon borg has sold No. ie7 Hester
turel. ola buIinst On q lo' - 7ylrn
Hui"s n lstl"idl HI, ~pld for 4 lie No,It
~" vacant Niu' ou tho souihegst corner of
fremont and N'.oly avenues. ajxioD. 70
lT " Van T'for W.
E%m3u" brown & Go and Porter 4 co.
we're ~" brokers Do ~" 40 - Nos aoS nnd
au Wei l9H'h -'r'"'. '"p iyo--iory rat. n,' =,
IIgt "l\h y, 10 Louis Stern "
H" blidiuc = ls'l"~ for 10 0-St on no,,bs
~ 'u' N"i' pr"-"Ui ~'rla.., ..vId.uCc nf ,bo
con-errl'I,m which W, o., f,r uT",,iIcd H.
"a''hAi -" 5't bg,ld.uV~ have innn ni,n,ob
20 cost Si'c--.i,1. H. '.r nr>' ton ,r1rtl. n
,aei var inc 1rr"spri i.d.nc tpur,, wc,e 4 a..
bllings. 60 COT $Sli>sHIp IL rhr prnn,
~" - ! l'|' NV" noon p.lrrod cor ihi- Nc1r
70 GO, ttN9l,1 -. against 81, h'iildirrs ,,.st
ins!lo>f.i,i, l1-t yea. The Brook lvn record
]. !iIiL buildings, ., sling SliO2s 2at mis- vcar
aelhS' S,oiN hh.lGincs. 'os'in. slq tGg soi' lrs
reN y" totals for tho three hi.. horourbs
are 'ie' buildings costing Sc. $50 i5i, Tor ths