New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-09-02
THE WEEK IN REALTY.
SALES OF FLATHoUSEs AND LOTS N
THE UPTOWN SECTIONS-NCNER-
Gus ALTERATIONS.

The sale of uptown hathouses and lots and the
renting of dwellings IN the downtown residential
district comprised the bulk OF the dealings in the
real estate market last week. The transactions.
was to be expected. a limited scale, but
brokers report numerous inquiries from people still
out of for dwelling houses. both 70 lease and
for sale and the opinion is general in the brokers'
Offices that Immediately after Labor Day the real
estate offices will have all the business they can
attend TO in proviiing for those who have not yet
secured houses for the winter. Considerable rent
ing was done last week, and in the Fifth-ave sec
ton the brokers signs were taken down from
numerous house fronts upon the signing OF leases
Many owners Of residential property who occupy
their own houses will be kept out OF town later
than usual this year BY the length OF time re-
auired 70 complete alterations. Not only have these
alterations been general than usual this year
in the choice residential section but they have been
far more extensive American basement fronts
have replaced the high steop entrances. and N
many cases two story dining room extensions have
been added. IN fact, there is hardly block front
in the section bounded by Forty-sixth-st- and the
Park Madison and Sixth ayes. the appearance OF
which has not been materially changed BY recent
alterations. Work is going on rapidly on the old
Roman Catholic Orphan Asylum plot, where the
new Union Club and several palatial dwelling
houses will soon replace the old building, which
has been removed, and work has already been
begun on some of the foundations
In some OF the blocks in the Fiftias adjoining
Fifth-ave. the numerous alterations have forced
UpOQ the owners or acJacenL property WlIcn re-
tains its former character, serious problem The
radical changes in some OF these blocks from the
old style the American basement fronts in
which the new fronts have been extended out 20
the old stoop line have in many cases hidden the
high stoop houses almost entirely from view. and
where the new fronts have been erscced either
side OF the old style dwelling the latter is hidden
completely from view until one is directly opposite
As dining room extensions OF one. TWO and three
stories generally go with the alterations the &C.
cupants Of the old style houses gradually md
ing themselves shut in. both front and rear with
= consequent loss OF view and material loss OF
light. The result in such cases has been that the
owner has been compelled 10 submit 10 the loss
of both light and view; or If his property is rent
ed II Is more than even chance that he has
been forced 10 make concession 20 his tenant
on the rent The inevitable result seems TO be
that at no distant time in order 70 put the high
stoop houses on q rent paving basis equivalent to
that of the American basement dwellings, the
owners OF the former will be compelled 10 follow
the lead Of their neighbOrs- Already several al
terations have been made for no other reason than
one Of the most encoura gtng features Of last
weeks market is the appearance OF ne sran m
few DAYS have been OF hathouses or residences IN
Harlem and The Bronx, purchased for cash and
with view TO hoalns Ine pEopsFIy LOT
OF legislative action the mortgage question
f9r 52otaSe need only Tsaso1abs
assurance that they VIII not be made the targets
OF a suendthrift. Tauamany ridden city govern
nent before placing their money n Manhattan
real estate. - -
eeTe Of % sbe ye2r at aucto 6at almost xirhou5
ax-eDrion the property went to the plaintiffs. On
5aes A. the northwest corner Of Ninetysseventh-
81 and Madison-aye 90 by 100 feet were sold under
THs other sales under the hammer were OF minor
importance