New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-10

week Just ended however. has been the number OF
lots north OF One-hundred- nd-twenty-hfths and
within the Harlem section which have changed
hands. These sales were reported on the day fol-
lowing that on which they made IN the col
umns of this paper But when viewed collectively
the Importance OF this purchasing movement Is
more plainly The following are the principal
parcels sold IN the section in the OF the week.
together with the names OF the sellers and the
buyers and the brokers:
plot 10oxssu feet. on the north side Of One-hun-
dred-and-forty- third-st. loo feet east OF Eighth
Mangam and Myers ArOnsOn to l. s. & A NJ
A plot aoOxssn feet. the south side of one-hun-
dred-and- -thirdst rs feet west OF Seventh
The block bounded by ons-hundred-and-tort
and Seventh sves by Henry HsllnaR for John D
ing for a syndicate
Judging by the number Of other sales Of vacant
property the purchasing movement Of vacant prop
erty north Of Fifty-nnthst. Is spreading at rapid
rate. and the movement presages unusual activity
IN the building line beginning In the spring
MONEY MARKET NOT YET EASY.
The money market Is not yet what ie should bs
and until conditions easier many big opera
tons will be held In allegiance and many pros
pective investors will remain conspicuous by their
absence from the market While the mortgage
loans for December. 1893. nearly 100000
thar Tor the corresponding month of 1909. the
crease {: more than $4.O0O.00O. against the
OF the mortgages fled in the first week OF last
year. 1t Is difficult to find for this sudden
change. This decrease does not blend tremendously
with the activity OF the majority Of operators.
they among the greatest borrowers. They
usually most active when there IS easy money
market and inactive when it Is difficult
TO get loans. The number OF loans at less than
per cent obtained on Manhattan property last week
was 81, as against 103 for the corresponding week
of last year. The year has started well in the
building line. The number OF buildings plans filed
in Manhattan and The Bronx last week was "A. and
in the first week OF last year IT. The estimated
cost for the "a buildings given S774.0o9 and
for the Il buildings $646 $50.
One OF the principal investment transactions OF
the week was the sale OF No. S14 F4tth-ave. by
Horace 5. Ely Co.. IN conjunction with the s.
OsgoOd PelI Company. for Joseph Milbank. 10
Frank Martin. OF Paris. The building is lot
24Sx100 feet. According to a report. which has
been confirmed the purchase price was 100000.
Another excellent transaction the sale OF the
Hotel Aberdeen, at the southwest corner OF TWEEN
ty-nnth-st. and Madison-ave.
REALTY PAPERS OPINION
The Real Estate Record and Guide says IN
part in it's last ISSUE in review OF the real estate
market for 1903;
Building operations IN Manhattan have altered
estate operations propese There has been an IN
Grass IA me NUMBER OF ol4dlhss Ior Whlch panS
called for by these plans the consequence being
average cost Of each mortgage. has DECREASED con-
sderably in 1893. compared to 1892 In Manhattan,
for instance, the total number Of buildings for
which plans filed esq in 1903. against SOS
IN 1902 while the figures for both Manhattan AMI
The Bronx 1,75I for 1893 and only 1,703 for 1902
On the other hand. the estimated cost Of these
buildings decreased from ss0444OO in 1902 to S 49,.
IA In 1903.
1t should be added however. that since the amount
or money expended in alterations larger by
about 100000 IN 1893. and since Brooklyn build
fngS 900 more the expenditure upon
new building in the three most important boroughs
OF the city was, far as IL can be determined by
official figures. about the same in two years Be IL
added that the average Of each building erected
IN Manhattan and The Bronx. which 81. so In
1909 only In 1908: but this figure Is
very large compared to the general average of the
last years which did not s2301 Never
thelesS. a tendency Is plainly betrayed toward the
erection OF cheaper class OF building, which will
undoubtedly be moro prominent in 1904 than it has
been IN 1903
When we como TO the changes recorded IN the
different classes OF buildings for which plans wera
fled there considerable variations to be noted
IN the comparative figures for the years The
following table win Indicate the nature OF these
variations: