New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-06-10
THE WEEK IN REALTY
AUCTION BRANCH OF MARKET DIsAP.
POINTING-BURDENS ON PROP
ERTY OWNERS.

The real estate market Of last week, which gave
promise OF spirited bidding In the auction rooms
did not come up expectations. Several valuable
parcels offered for sale under the hammer
withdrawn, and those finally knocked down TO pur-
chasers went moderate figures. The biggest
surprise IN the failure of the high class prop
critics offered by George r. Read Tuesday,
which belonged to the estate of the late Eugene
OSullivan. to attract purchasers. Although the
| auction room crowded with prospective buy
ers OF them bargain hunters and the
general market suffered less by having all the par
| GELS withdrawn, with exception, than by let
ting them at prices FAR below their appraised
values The one sold was No. 81 Beaver-st- NIX
| 42.8ZIZIE55K. This bought by Herbert A.
| Sherman, the representative OF William 3. Have
meyer. for 800. Mr.. Haveneyer owns the az
| joining property. which back to Wali-st The
parcels withdrawn were Nos. a. %. % and q Cedar
| st. Nos 49, $50 and 1872 Pearl-st Nos 79 81 IS and
| s. Wall-st.. No. Cedar-st- and No. 90 Pearl-st,
The property at Nos. 1,45s and 14So Broadway.
| part OF the estates of the late Duncan c. and
Walden Pell offered Wednesday at auction met
with little success. though the price, s211 0O0 paid
by Ottinger Brothers low and $4,000 less than
the bid OF John Hoffman. TO whom. the property
was sold on April II. MI Hoffman never made
any payment the transaction. This plot, SO feet
front on the east side OF Broadway, is between tho
St. Cloud Hotel, at Forty-second-st. and the Cri-
terton Hotel. Forty hrst-st. The new owners
have announced no plans in the way OF developing
the parcel. and IL is understood that they pur-
chased II speculation Another evidence OF the
irresponsible bidding by q certain class OF people
VINO frequent the auction rooms followed the one
already noted, at Thursdays auction. Ten dwell
Ing houses on the west side Of Convent-ave.. be-
tween One-hundred- and-forty-frst and One-hun-
cred-and-forty- second sts. plot 20oz100
finally sold to Samuel Rouse at s3l 900 less than
the accepted bid Of the person to whom the prop
erty was originally sold
AS has been the case for the last few weeks the
t0ast SIDE residential section continued TO report
q n suifa Of cfi,ytv
John n. Goldng sold for Francisco A. De Roda O.
-FOUR story brownstone dwelling house. plot
4oxl3o feet, in Fifth-ave. between Sxty-sixth and
Sixty-seventh SITS He also sold for Simon Borg
No East Sixty-egllth-st., a private dwelling
mouse 2axlO feet Extensive alterations Will be
FIffh-ave piece was given as about pa 500 9 Af
ms TINS agGre the parcel being an inside plot sold
few days ago for Fifth-ave corner in the gifties.
sold for pr A +. winkel No 67s Madison ave,
Detween Sixty.first and Sixty-second SITS. and z.
American basement houses at the southeast
of N PaTk-a ave- and nd sixty -4,t
cSons s s most hopeful and optimistic
present inactivity last week. Several of them
plsined it by referring to the tremendous burdens
which real estate is compelled to carry this city
IN me way OF taxes assessments. etc. Last year
owners were almost double those of previous yeara
ston OF che legislature, which came so dangerous
eetate men were compelled to spend a great deal
Of time in Albany presenting arguments to chow
that New-York City real estate owners already
pay more than their Just share of taxation And
now comes the Fire Department, whose officers
have been serving notice on the owners OF
new freproof buildings and old ramshacke
structures alike to equip their property with
which two companies in this city appear to havo
e. monopoly. Furthermore, owners must
these superior fire boxes Those furnished by the
Pearce concern are not for SALE They cannot be
bought Real estate agents were saying last week
that II the Board of Health, the Department of
buildings and the Fire Department continued
ther present active pace to discover all and
Kinds Of violations alleged and actual In buildings
II would be necessary for Tammany Hall to double
the force Of employees in these departments, in
order to keep UP with the work.
THE RECORD OF SALES.
1t reported yesterday that No % East
Twenty hrst-st. consisting of old five story
dwelling house. which has been altered into
business house. was sold to investor. The
owner Of record Is the estate of Nathan Thomson.
and the price is sa.d to have been about SIS. o00
The piece adjoins the Continental Hotel and the
holdings in Twentieth and Twenty-hrst SITS. and in
Broadway OF the Herter estate
The following properties are reported sold: The
SIX story building, 2x114. No. 81 Bond-st and the
lot on the east side of ST Nicholas Place, 90 feet
south of One-hundred- and fftieth-st
1t Is reported that A Zimmerman has purchased