New-York tribune., 1901-03-31
THE WEEK IN REALTY
IT WAS MARKED BY AN ACTIVE MAR
KET AND SEVERAL NOTABLE
TRANSACTIONS.

There is apparently a general healthy boom in
The real estate market. and It is thought that II
will help the biggest and the smallest operators
All signs indicate, at least in the opinion of many
real estate men. that the spring business Will be
more than good, and that there Will likely be gen
eral rejoicing all along the various real estate
lines The present upward tendency of many real
values in parts Of the city Is due II Is
said to the lively demands. TIE demand Tor
realty is increasing in manner that is pleasing
the greatest number OF persons interested In real
estate transactions. and many Of these demands
frctn persons who have not until recently hg-
ured investors in real estate
There only few persons who take a pessi-
mistic view Of the present condition of things in
the market. hut their wangs are not loud, and the
sound Of their voices has been seemingly lessened
by the rattle OF the hustle and the hustle of those
who have forcefully felt the effect of the lively
market and who say that the good times have
to stay for long time. man who Is en-
ployed by large real estate house said TO Irlb-
une reporter the other day that the magnitude of
some Of the operations had amazed him. Il do not
see. he said. how all these gigantic operations
to be carried on successfully. I fear that one
Of these days there will come reaction and that
the market will become dul and listless. and then
you Will hear Of many persons being hard pressed
failing selling their holdings a loss" His
views those of only an onooker He has not
made a study business of real estate transac-
tons. He is in the whirl Of the market. but does
not know the reason for the unusual activity Of
the market Nor does he care to knor". To the
dents Of the real estate market the prospect Of
continued excellent deals and movements in the
building line dazzlngly bright. Some of these
students constantly expressing themselves free
y on the present and possible future condition Of
the market. Their views are exceedingly inter
estinS. as they are not hastily formed, but the
suit of careful cOnsidera ton of the subject
Some of them say that there IS wild. erratic
operator with plenty Of money at present in
huencing trading. Such operator could easily
affect prices in certain districts they say but he
would only lead himself and his misguided follow
ers 10 ruin in a short time His and their down.
fail would undoubtedly scare away good Intending
investors and might tend lower the values of
property in the districts which the false boom
with numerous men who do not enter haphazard
into deals. and who are not only working for i'm
These men are the dominant factors IN the field.
influence on the market is healthy one, and
they are working wisely and well their influence
must increase as The months so by.
Big operations continue to cast in shadow the
one nuhdred ana one little operations daily
week was the sale OF No IS to Al East Fiftieth-st
and No. - to A East Fifty -rst-s seven fve story
nathouSeS, by the Equitable Life Assurance Society
10 the Central Realty, Bond and Trust Company.
and i25 feet in Fffty-frst-st II is Immediately
south of the property on which stands the building
occupied by the female wards Of the Roman Cath
Ole Orphan Asylum, and which sold about
two weeks ago. In the course of the last week No.
4o5xl25, Columbia College Ieaseh9Id. vas sold
speculation was rife As TO the buyer Of the house.
which Is on tie northwest corner of Forty
II was sold by the estate Of +. O. Matthiessen
through W. f & +. y. Taylor. 1t was at first re-
ported that the buyer Cornelius Vanderbilt
hut this report learned be unfounded The
sale OF the Aulic Hotel, now known the O'Nein,
revealed movement to erect gigantic hotel on
the site Of the AUlic and contiguous property
Another large sale Of the week. which has not vet
Deen officially confirmed. was Of the buildings No.
80 10 ~ Broadway, running through No. 9 10 Is
NeW-St.
number Of interesting sales in the Long Acre
Square district reported. The two three story
buildings Nos III and li3 West Forty-fifh-st were
s2ld 10 me city Mortgage Comp my through J. Ed
gar l-eayCraft d Co. The brokers' in con-
junction with Charles II. Easton & Co. also sold
NO 1856 West FOrtytfth-st., a three story dwelling
mouse. loo1l"'5, 10 a. B. Dunn one Of the leading
S@leS IN the upper Flfth-ave. neighborhood was No
$'t ffth-ave., a five story American basement
4WelIng house, on lot 5iXlG0 feet, by john T. and
James A Farley to Jacob II. Schin. An inn
poftant sale In Riverside Drive was the Dor Of zen
!ots on the southeast corner Of One-hundred- and
tWehtE-seFenth-st. by Bernard Smyth & Sons for
the estate Of Daniel r. Temann 10 J. Allen