New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-02-28

there were only s. private sales reported IS being
tenement houses. "a dwelling houses old build
iugs and plots. comprising IA lots. The number
Of lots sold last week 81. Thus the increase in
the number OF private sales reported last week over
that Of the corresponding week last year was sew
enty-three, which Is remarkably large. What does
this increase in the number Of reports about pri-
vate transactions Indicate? In the first place, It
shows IL the realty statistics not included IN
considering realty conditions at all. that opera tors
are buster now than they were at this time last
year. and that vigorous activity at this season
OF the year might be considered harbinger Of
greater activity IN the remaining months. Cousd-
eriug every condition. the reports show that the
Two big purchasing movements of fatnouses north
Of FIftv-ninth-st. and vacant Harlem property
which attracted widespread attention early in the
season are not by any means Oh the wane and
are likely 10 continue features Of the market for
many weeks vet. They show. too, that despite the
high rentals and the high prices for land in the
central Fifth-aNe section the reawakeniug in that
section is probably here stay for this season, At
least and those firms which cannot afford to have
Ffth-ave frontage arc moving into the side streets
Of the section wherever the terms within their
reach. There are hundreds OF firms which desire to
have homes in the section which fully realize that
higher rentals VIII be asked when the Pennsylvania
and New-Tork and New-Jorscy companies tunnels
builr, the subway is ia operation and other
plans have been carried out for the Improvement Of
traffic facilities
The mortgage market is not better now than it
has been for some time If it has improved at all
the change is so slight as 10 be undiscoverable.
Though the number Of mortgages recorded last
week six less than the corresponding period
last year the decrease ia the sum Of the mortgages
recorded last week was more than SoooO0) as
against tho.e for the corresponding week last year.
The majority OF builders are still inactive II the
mortgage market was good and certain other build
ing conditions. especially the price of materials,
were favorable, Il is more than likely that builders
The decrease in the cost Of the building plans
Rod Of last year. was more than 10000 OF course
the realty statistics should never Der considered alone
az inatcatnS the present conoluons preFalllns ll3
81 i,'li,ess t- ,-e.-.I s,, 49, ' tco " 'Oi7
After the realty market has been studied from
Fifih-svs The West Side the Harlem sections and
The Bronx are the principal pleasing features. Some
transactions was tie sale Nv Leon s AItrn.yer for
nFs on plot l9o 1lNloo e te northeast corner of
Lenox-ave- and onc-hundrcd-and-df teortt-st., To-
Robert and Henry Arustein- The buyers viii tear
Gown ire hm.dlngs on the site and then improve
ces IN the LaroX-aVC. section II IS opposite sub
INC sale by T. ID. NacAianus and Remsen Darling,
for Mary j.. PIuckney If the block front The
and-ninetearth ard observation-disclosures twentieth SITS
ms is sara TO ne N largest uninpr"y-d plot IN
81 II comprises twenty-six lots. London s Bros.
Mandelbaum & Levine bought the block front on
The west side OF Lenoy-ave. between one-hup1rod-
and-siEtceuth and Onc-hurdrcd % O. seven nth
SITS. from the New-Y0Tk City Railway Company for
about $4,000. For General J. Watts De Peyzttr.
taH J. How & Co. sold TO Palermo Brothers seven
lots AZ the southwest corner OF one-huudred- and
hnCenth-st. and Morningside-ave.. on which an
elFht-story apartment house win be erected from
plans drawn by Schwartz & Gross Daniel Is
Freedman Is finding a ready market FOR the plots
In Manhattau-st. which he bought recently Few
operators seem 10 have discovered the attractive
ness Of this section. In the last week John IT
Berry closed several big deals. one Of the trans
actions in which he acted broker was the sale
Of the Berkeley Han Hotel At BarneCat y J.
TIE Barney syndicate has announced That II will
sell ABOUT 80 lots. and that the kind Of improve
ment which IL viii allow will be restricted for at
least ten years.
The Real Estate Record and Guide" says in mart
IN its last issue regarding the real market
The most interesting development Of the week In
the real estate market is tho announcement that
the syndicate controlling much vacant p-onertv
on Washington Heights IS prepared 10
proceed with the sale Of certain part OF
that property The selected TO be placed
first upon thn market is naturally situated
81 the southern uert ~ the district, near
subway station ana Includes several blocks he
tween one hundreds l-thirty- fourth and Oue-huu-
cred-nnl- thlrty-seyeDth ste Riverside Drive and
Convenience. Practically al the property Included
within this area is either owned by the syndicate
10y me city or by large institutions. that the
syndicate has IL Ia It's power absolutely deter
mine the character of the neiEhborhood. Not an
tnis property is. however. offered for sale al the
2IeSent time. the blocks between Broadway and