The sun., 1900-12-23
BrlI ESTATE VIEWS.

,..I,d Of movement and enterprise In sym
-, ,,i'b current Developments In the fsld
:, sepafsl Industry. Tho December dealing
y. ,.,I est,'. usually forecasts the character
=, To spring market ny comparison with
~. ,ta.sn, month tho December % last wear
rss distinctly Inferior In interest. The news.
,o.asfe in quantity. was concerned with small
.f,s.,,nal operations supplemented by sales
., rrIyuts houses. the staple bushes, of
,ontractod market. and accurately pronsured
~. conditions that have prevailed down 70
-. present month Current news. on tho
o,ber hand, IL concerned 20 4 notable degree
NTH large activities. while at tho same time
ols,lo.ng a marked increase In small trans
actions During the week nearly a dozen
si... wors purchased by builders and build
Inr loan operators for Improvement with
elevator apartments and family hotels. and
tho CAPITAL thus temporarily directed Into
ron, estate for the purpose ~ realizing opera
tive profits was reinforced by not FAR
from million dollars permanently Invested
through purchases by John Jacob Astor.
william y. Sloane. sx-Mayor Schteren. George
c. Boldt. and a syndicate represented b. q.
A. W. Mclaughlin Co.
Tim, this budget OF notable sales Is not
the result OF chance coincidence Ia apparent
two woeks partly from the unusual number
Of current unaut thenticated though plausible
70 ort- Of important negotiations that have
not yet reached the contract stage Nearly
every large brokerage house processes to be
Of. aged upon bushes. Of the seven or at
l.o,t six-fxure class It Il suggestive OF the
erection which the revival of activity 10
'aktng that most OF the noteworthy unfinished
ng-iness. like that which has recently been
.rln.i-hed, affects uptown sites for projected
apartments and mercantile Investment prop
e-'v The renewal OF constructional work.
iunuxh necessary to well-rounded. normal
market is at the moment. Of less Importance
r.tn the development OF q demand for inn
lroved property Constitutional work fuc-
tH;'es with comparative rap!dity according
to the movement Of building material prices
md trr.rorary changes Of sentiment IN the
l.rrt-lEc loan market The variation in the
demand for rna,tv Investments. on the other
hand. extcncs over longer periods. being
slrcted less hy credit panics than by
prolonged Alterations Of industrial depres-
sion and prosperity or improved real
es'ate. business promises are the first TO re-
cover after period u depression, and are
consequently first 20 yield rental income
sufficient to attract investment buyers. OBJ
yiouslv. a tenant will place more value on
property that enables him to earn an income
than on his dwelling. no will therefore sooner
economic rent Tor the latter, and Will also
sooner Increase expenditures In respect to
tho place Of business
The recovery In net income from business
property was retarded by the tax increase
occa-ioned by the consolidation of the
greater city. But for two years now a
steady, though slow. Improvement IN rent
Ing conditions has been noted In all classes
q! uI,lucs, property. while mortgage loans
have fallen to a point where money can be
borrowed freely at per cent. The cur
rent Dcccmber's brokerage reports. there
fore give promise of activity. not only In
vacant land. but also In improved property.
The recipients of the January dividend
and interest payments will find 1t difficult
70 place their surplus In any other invest
ment security than the fee OF improved
real estate without accepting less than
per cent. returns.
y Brigham Hall & son have sold for Sarah
A. Walker, Edwin Forrest Lodge Of the Actors
order Of Friendship, Anna LaCroiN and VAL
ertIue Loewi, No, 7e4. 7GG. ,GS and 10 West
l.rtv-soventh street. south s!Ge. so feet east
a. lOugHCrc s luaIe. with old buildings 70 3X
luu4. and for William Mot LELAND 1864
broadway. 90 + feet south Of Furty-seventh
st'"t q ioui.rt"iN bA!GinI. 2OASO abuttins
20 g.ove, 10 HI 4" La,helIe The purchaser
Will erect. COmMeuCIng May next. a theatre
with stage and auditorium on Forty-seventh
t'rret. and siA-otory building on Loncacre
s are. containing Broadway entrance with
Oh - Ia the uppor stories which will be used
iur ht, own enterprises. and will toe open about
David stewart has sold for the Cunningham
estate 70 AN out-of-town investor the plot,
MOO, on the west side OF Amsterdam avenue,
IS feet north Of l5jth street, The nroperty
il n
y VI Mott 10 Mrs NJ, Miller 40 lsl West
llgity-trst street, four-story brick and
,Io.r dwelling. OF lot l7.5xiu22
EN-Nlayur Hugh !. Grant ha- sold the vacant
lo' Oh the northwest corner of West End ave-
nue ard Scventy-Arst street. 25xlOp
Walter Jrnnn.- has sold his residence. No.
!; E1.' Forty-hfst street, 2lyos ., TO Thomas
Haetluss Of Carer" 4 Hastings.
Mc\ iCkar 4 CO. have sold for Mrs. Alexander
Van Rensselaer, 70 George sutherland the
sailors Snug Harbor lraschold property.
John Pctcrs mas sold Tor Frederick Weber
70 Carrie Gill 40. 3os East Ninety-third street.
a i've story, bile fat on lQt ?$xiOOs
corner of First avenue aud Seventy-elshth
ttreet. plot axes. a. % the southwest corner
pit sox65. The buyers will improve both
lea Never has sold to Henrietta Levy and
street. two fve-story fiat. on plot ;a.SxiooIi;
Lowenfcld 4 Prayer have. sold to Samuel
d. Ionlbacls No 22s East Eigi!ticth street,
old bui!dir on lot 2oXi02.:. Mr.. fombach
recently bought Nos. 23O to 234
Peter Axelrai has sold for william H.
Jackson Nos. 81 TO 81 last ll7th street Ave
0ys--t try fat, on plot l'2NlQO.li, TO Elias
Gu-arof Mary stolndler and Herman Com
pert.
Horace S Ely \ Co. and Douglas Robinson
i GO. were the brokers In the purchase by
John Jacob Astor Of No IS West Twenty
fifth street
Charles E Duress has leased to Conron
Bros the block front between Thirteenth
and Fourteenth streets, on the east side OF
Tenth avenue. running back iso feet, with the
exception OF the southeast corner Of Four
teenth street and Tenth avenue, 2?xs0 Six
lots we're leased from the Weeks estate For
q lease on part OF the Weeks property Con-
ron Bros paid $4,000 premium -Four lots
on Tenth avcnue were leased from the Iud-
low estate, and two on Fourteenth street
5OxlO3, from the Roosevelt estate The
lease Is for twenty-one years with privilege
of renewals Tho lessee, agree to put up a
four-story building which becomes tho rror-
prtv OF the several estates NJ he eSpiration
- the leases Conron Bros will erect a store
md worehouse for tho Use of their poultry
business and for the accommodation Of such
frr1s as may need cold storage A change
iauscs Iecame recessary by the action of
NO city In ta',inr the property in West Wash
80 .'on Mar,ct for dock purposes, which ia
> r.w occupied by the large Western firms
Real Estate Transfers.
DOWNTOWN.