New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-06

Sc sections sold in the last two weeks was about
While the number of transactions affecting choice
improved parcels looks Insignificant, in comparison
some of the deals in choce improved properly in
dicate fair market for such property In the
week was made by John \. Goldlng. He e. leased
panY % eranertv al ms e eot the Corner Of FIFTH
ave. and Thirty-nnth-st., one four and one five
years to Ralmon. the silk house Of Paris for its
0wn oecqPancy On May next the W9rk OF eeYqn
story frenroof building will be begun The greater
house for it's own business The yearly rental will
be about $4,000 The silk house has B 5o Ft
ave, and are opposite the Union League Club.
Mr. Hutchins paid $4,000 for the property
APARTMENT HOTEL LEASED.
Another important deal in the same section was
also lease. Albert Ashforth was the broker in
the transaction. He leased for W. w. Renwick
the Beverwyck a story apartment hotel,
Nos 80 and Il West Twenty-seventh-st., 10 Barry
Dc Mclaughlin. The lease is for tenn OF ten
years. at an aggregate rental Of about $4,000
Collins & Collins and Frederick T. Barry were
the brokers in the sale of No. 64s Madison-ave to
Robert W. Taller, which will result in the i'm
provement of the plot and an adjoining parcel by
Frances NJ. Wilcox. as trustees for the estate of
eompeny s 30 e West es
oniy recently moved to its present spacious o guar
St, for term Of years, through NJ. & L. Hess.
This building connects with its present premises
present space, and also carriage entrance on this
now popular retail street NJ & l. Hess also leased
the Morris Bernhard Company the new SIX story
and basement building No 144 146. us and $50 West
Eignteenth-st for term I'm of ten years at an ag
about completed, and is built on plot SVXS2 feet
REALTY PAPERS OPINION.
The Real Estate Record and Guide" says. in
part in Its last issue. regarding the real estate
situation
comparison between the sales announced dur
ing the last week and those announced during the
corresponding week last year indicates how rad
icaly the real estate market has changed since
then. At the end of the first week of November,
in 1893, reported the sale of seventy-one parcels
of real estate. of which eight dwelling houses
forty-eight fathouses, situated north of Fifty
ninth-st. These figures indicated that the specu-
lation in Harlem fathouses characteristic of last
vaar 1ras aIraall,, veil under wav AS compared
TO the seventyOne sales last year, the totals for
this year 3l5, of which twenty are private
north of Fifty-nnth-st.. and ffty-one of vacant
lots. This classification, however. applies only TO
the Manhattan sales. which constitute a little more
than half OF the total.
A very large number of small transactions are
taking place in The Bronx, indicating much
est in real estate in that borough than there is IN
Manhattan. The Bronx is, of course, still Dor
the land he needs and build his frame house Tor
less than 5000 whereas in Manhattan there are
very desirable dwelling houses to be bought for
five times that sum. The small investor has also
entirely in Manhattan The total number of lots
80 a. H. hsr, as+ week amoIntng to about
600 Of which 600 situated in The Bronx, ana
about $50 Washington Heights. The same par
three times which shows that many OF the oPer-
taking quick and probably small pronts-
NAL. The whole operating and speculative fra
ternity is concentrating its attention on vacant
lots which makes the sales Of other classes o4
property small. Nevertheless, the outlook Is good
in every direction.