New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-05-24
THE WEEK IN REALTY.
Many Building Plans Filed IN Spite
of Strike.

The real estate market last week showed signs
OF vigor several types OF properties This vtgor.
however, was not cause for much rejoicing for
the general condition of the buying and selling
market is distressing and the volHme OF sale
transactions is practically only a small part OF
what fl should be Under normal conditions When
harmony restored in the building trades, activity
again IN purchase and Improvement Of all kinds
Of properties will undoubtedly be seen.
II the present state OF affairs continues, no one
will be surprised should records be broken or
equale6 this year There are many indications
that this would have been phenomenal year in
the building industry under normal conditions.
Plans for the erection of buildings to cost many
millions Of dollars have beyond question Of doubt
been abandoned; but in spite Of this the week
closes with marked increase in the preparing and
fling of building plans 1t is reasonable to assume
that the persons interested in these expect that
the disturbances in the building trades will soon
be over and that their projected buildings will be
erected this year.
MORE PLANS FILED THAN A YEAR AGO.
In the week of May %, 1902 when conditions in
the building trades good, g plans for the
erection Of buildings in Manhattan and The Bronx
filed. The total number Of plans for build
ings filed in the two boroughs last week was Co.
more than twice the number for the corresponding
week last year. From January l to date the total
number OF plans filed in Manhattan and The Bronx
was 746 against 727 for the corresponding period
last year. The estimated cost OF the 746 buildings
s34 27 S25 and for the 727 buildings $50 0S9 $50
The statistics regarding the mortgage market show
that in Manhattan and The Bronx 6,117 mortgages,
involving s135 003 92 have been recorded, against
$500 involving sl42 24 for the same period last
year
One of the features of the season seems to be the
purchasing movement in the upper Lexngton-ave
section The principal sale in that section last
week that of four story store and hathouse
lot 20x75 feet at the southwest Of Fifty
ninth-st. and Lexngton-ave. by Adler & Herman
The resale Of vacant plot at the northeast corner
OF Eighty-irst-st. and Columbus-ave. BY the Col
onial Bank to the Manhattan Realty Company at
tracted considerable attention. Frank Z. Smith
and A L Mordecai & Son were the brokers.
A REALTY PAPERS OPINION
The Real Estate Record and Guide" in fits last
issue says in part the real estate situation:
There is not very much to be said about the
present real estate situation and what there IS
say is tolerably obvious. The summer inactivity
has already taken possession of the market; but il
has been accelerated by the labor troubles in the
estate in this city is closely associated with
its Improvement that anything which binders such
improvements straightway places almost en-
barge on real estate transactions. Just present
ticaly suspended, while no ones can be begun.
There is at least fair chance that this shutdown
will be continued all summer and with such
prospect ahead while occasional announcements
Of operations made and will continue 10
be made. these announcements are the expression
Of pouS rather than effective purpose Oper-
ators and builders who afford it may we'll take
a longer vacation than usual. They do more
business cooling their heels the porch of
summer hotel than they by sticking to the
hot pavements of New-York City.