New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-05-06
REAL ESTATE.
INTEREST IN SALE OF SIXTH-AvE CAR
sTABLES-OTHER TRANSACTIONS

OF paramount interest to the public in general
the sale of the Sxth-ave stable property,
which provided the aiding item in the transactions
last week The disposition Of that property
naturally of acute interest to property holders In
the immediate neighborhood, and stories that were
circulated Immediately after the sale to the Cen
eral Carriage Company. to the effect that manu-
featuring would be conducted on the premises.
not without the effect Of causing uneasiness
TO owners by. The neighborhood is that
has been made popular for fine clubs, and already
several of these, including the Bar Association
and Century buildings are there The new Yale Club
and the New-York Yacht Club will also go up in
close proximity. Naturally. the announcement that
factory would be built there was a pleasing
piece Of news. But the report, like many that are
brought forward as a result OF imagination,
apparently without foundation Plans have already
been drawn for the building that TO take the
place OF the stables II VIII combine head
quarters for the carriage company, with bachelor
apartments. and If the plan given out by the
architects is followed there Is no reason to be-
heve that the improvement VIII prove objec-
tionable one &c neighboripg owners.
The price obtained for the Sixth-ave. barns-re-
ported 10 be sooeo-is another striking exhibition
NATHAN Island The records show that the block
its transfer To the railroad company for $4,000.
This Is much less than a single lot is worth now.
bought lot in 1853 for So go 1854 S. 900
5000 5000 one in 1856 for sSO' and one in 1867 for
Probably the most conspicuous item Of news. as
III.
was the announcement by firm of brokers that
they had negotiated loan the of 31a per
cent. The property involved is Broadway and
Twenty-th ird-st., and the loan is described
straight transaction. The loan represents 40 per
Of the value of the property, and is note
worthy as 1T carries rate Of interest that has
been reported for considerable period Of time
Sales of two apartment houses and the purchase
for Improvement or plot at the southeast
of Hudson and Vesey SITS. form about all that was
of distinct interest in the business reported by
brokers last week. There more or less gen
eral trading. but little else that in any way
of the ordinary.
The announcement that the demonstration syn
dicste will sell auction May 16 the remainder
of the orphan asylum lots caused some surprise but
IL is generally conceded that the sale will
considerable interest The Offering will include the
plot of five lots the southeast of Fifth
ave and Fifty-second-st, abutting the site Of the
Union Clubs purchase the adjoining two lots in
Fifty-second-st and lot the block sew
enty-fve feet west of Madison-ave.
The auction business OF last week was Of an in
different character, but the coming week promises
better results. the offerings listed are of more
generally interesting character
The following the comparative tables Of the
conyeyances mortgages and projected buildings
for the corresponding weeks of 1900 and 1899 as
compiled by THE Record and Guide:
MANHATTAN