The Washington times., 1902-06-01
Demand for Property
That viii Yield a
Revenue.
MONEY AT SMALL FIGURES
Owners Modify Ideas as to Good In
come-Vacant Ground at Sixth and E
Streets Northwest to Be Utilized for
Erection of Small Stores.


marked degree of activity, although
considerable business was done. Thert
was a noticeable demand for lots ant
houses. and there are numbers of reo
pie with money to invest who are look
ing about in the endeavor to place IL IL
real estate.
The largest demand upon the rea
estate market has been for propert.
that will yield a revenue. and IL is SAT,
to say that no sort of property thai
bears an evidence of being fair reve
nue producer has remained idle.
And in this connection may be men.
toned the fact that property owners
ideas as to good income have beer
gradually modified. Owners now con.
slider that they are doing well wher
they are assured Of an annual income o.
per cent from their property. o.
course. this is not an absolute standard
as 1t varies both ways. depending en-.
tirely upon the character and the uses
OF the property.
At the same time, as an Indication OF
the substantial standing of realty here
as an investment. it may be stated that
large lenders Of money in this city, rs
well as outside. freely make loans at
AZ per cent, and some money is lent
at as low a rate as per cent. Five per
cent is now the prevailing rate for
loans on realty. Only few years age
people were dissatisfied unless property
ofrered IN fbar, couId ehou m o,rpip,
capacity of at least 10 per cent gross.
At the same time 6 per cent for money
was all that could be had here.
1t is matter of common experience
that In all cities, as property values he
come substantial and not subject to the
variations of speculative holdings, the
rate of interest falls. This is the pro-
cess that has been going on in this
city, and ii is one of the evidences OF
the standing of Washington realty IN the
investment world, not only as repre-
sented by local capitalists, but by the
large lenders of money in the financial
centers of the country
Messrs. Frank II. Walker and F. f.
INT VI lnt dle
laundry. are erecting fine modern
building for the accommodation OF their
business. They have located on the
north side of New York Avenue. be-
tween Fourth and Fifth Streets north
west. The ground has frontage of 66
feet and 10 inches, and an average depth
of $50 feet to 3o-foot alley. The build
ing will occupy the entire lot, and the
structure will contain all the modern
improvements and appliances.
The property owned by the Knights Of
Columbus. and which was formerly the
home of the E Street Baptist Church, is
now undergoing extensive improvements
inside and out to adapt 1t for the use
OF the new owners.
The adjoining vacant ground on the
southwest corner of Sixth and Streets
northwest is to be improved by the erec-
tion Of a number of one-story stores.
These buildings will occupy both 'front.'
ages.
II have had a remarkable spring busi-
ness said Mr.. II. r. Howenstein, real
estate broker, ''and ! am OF the opinion
that the coming months will be equally
full of activity" He has closed out the
following sales: For Mrs. Mary Z.
wadsworth, 247s Ontario Avenue Wash
ington Heights, $3.50, to Mrs. Jennie NJ
Nichols; for Mr.. C. T. Atherton, 914 and
e16 Twelfth Street northwest, to ex-
Gov. Alphonso Hart; for Emanuel
Speich and Charles p. Blackmar. eight
lots al northeast corner Of Flagler and
u Streets northwest for $4,000; TO John
81.
Lydecker Avenue northwest, for s6.150:
for Julian c. Dowell. his country estate
at East Woodside, Md, to Mrs Louise
Nuehleison, who will occupy the same
as a summer home; for Charles 7.
Crosby, 426 New York Avenue north
west, for s., 600 to Mr.. Eldridge f. Jor-
dan: for Mr.. George W. Acorn, No. i35
Tenth Street northeast to Mrs. Clare NJ.
Ashby, s4,500. who Will make the same
her home; for Messrs. Kennedy G. Davis,
No 1927 Sixteenth Street northwest, to
Mrs. Julia p Truxton. $4,000. the same
to be occupied by Mrs. Truxton as her
future home; for Charles Schneider, No
1856 Sheridan Avenue, Mt. Pleasant, to
Mr. +. E. Dodson. for Si.100; for Mr.
Charles w. King, jr., No. 1864 Sheridan
Avenue northwest, to Mrs. Caroline b
Moon. for s4,700; for Charles ]. Crosby
John Campbell for $1,000. and for same
owner lot adjoining on north for $1,000.
to Mr.. George w. Acorn. who will i'm
mediately erect three flats thereon; for
the German-American Building Asso
citation, two houses on Pierce Street
northwest, TO Edward II. Fowler, for in
vestment; for Mrs. Nellie NJ. Hanback,,
No. 1910 + Street northeast, TO Mr.. Ed
ridge r. Jordan; for Mrs Helen NJ. Hay-
ener, No. 1873 | Street northeast, TO Mr..
George w Banville; for Mr.. Allen c
Clark, lot at southwest corner OF Eighth
and Massa chusetts Avenue northeast, tn
Mr. C. Grant Birdscll who viii erect a
home thereon: for John Atherton. No
1925 Seventh Street northeast. TO Ed |
ward J. Lanahan. $3.50: for William /
Terrell. No. f4i7 Kansas Avenue north |
Rest. TO Mr.. Joseph BiSges. for $3.50; |
for Edward a. Cbilders home at south |
east corner of Wine and Littlefeld Ave |
nues TO Frank Baxter. for $1,000; Tor |
Il. c. Emery estate. four lots at Wash |
,rgton Grove. to Mr.. l.. Cabell William |
ron: for John i. Warren. No l45 |
Thomas Street northwest. for 50 500: for |
the Warner Company. Nos. 2l3 and 2l5 |
X Street northeast; for Mrs. Mary NJ. !
Ryon, 10 Mrs Ida NJ. Beall. No. 1907 u
Street southeast. and for Mrs. Hanback, /
to Mr.. Z. Z. Jordan. No. 1913 r Street
northwest.