The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-04-03
THE REAL ESTATE MARKET
RFTTER DEWIND FOR INEN-
PENSIIE PROPERTY.
siIsreIIaneous TVsdsSsE appears Co Ne sup
planting the BS~m IN High Price
RuildtnE~ The swat investor u
sTeAt,nH = Dema MI for Z ptsWn Flats.

healing IA sp.sialties Was not 80 proml-
neut q featur" - 'h. real estate market
la. 81 r.k - 81 hal leon Heretofore ever
srn.-s th. rsr..'rry f-p.u The panic There
10 tnis.d % substantial volume u
tr- lI-,g .u the iuid,"gn -s.otipn and IN the
htah e.. 70 upyrt neut house neiEhbor-
d..,i- gh.-h have b.'sn tbs, chief section
81 irtIst.v urs for = ycIr and a half.
hut th. trading here vas supplemented
b. AZ increase. proper; ICr ~ Iniscella-
upDu- huy NJ The demand was less eX-
cMs,yrly f"- hugh prroe realty. indicating
that nsW class ~ investors and Oper-
afDrs - being drawn irtp the market.
In Manhattan a very considerable num-
Der Of fats and comparatively inexpensive
private Nv ellnEs figured ia the brokerage
news. representing n grade Of Investment
that has been neglected until quite re-
Gently ~ even moro Importance per
hlp- 80 - ideur'. that the purchaser OF
moderat" meals - returning 10 the mar
Le, vas the fact that twice az many pri-
vA,s nlss ~orc rspDrted from The Bronx
last v~ck a. IN the corresponding week q
yesT ago
Further proof ~ the same effect was
supplied nv the Shrady-Appley auction
a1tr n which twenty eight pieces OF real
estate 90 tho heart Of the Fast Side tene-
won't dis'-ict we're disposed 81 at n total
80 SIS: M The -sls was uncommonly
yell attended aud high prices were OBJ
famed from bidders living in the neigh
bprhooI ~ ho arc 1T course the best judges
OF tho property there
There has leon considerable doubt
whether a general market would develop
IN time 81 replace the market for spe-
cialtie~. which was too much in the nature
~ boom to - permanent. Current
brOAerage reports hold out a pretty defi-
pt" promise that a seasonAbly normal
volume ~ trading will continue TO he done
this spring aud that IL will be increasingly
diversified
In this connection a suggestion made
hy the Record and Guide may bs noted
which II acted upon would have the effect
OF opening up a new source Of capital for
Investment IN real property. After com
nnentinx upon tho growing number of
cooperative apartments tho Record and
tride afg'ie~ in favor 81 cooperative loft
lHildings and "fhca building. adding:
IL " tscomIng eAtremsly important
foT a@rI5tr ousine@s men 10 secure per-
utar--. ofnCr- fpr their business in sotnS
desirable central lOsatiOn. AZ present
thew can d. ~ only wy either purchasing
q Hlte anu rtcNNthA "a billtsiiug 80 fussir own
or Wy securing desirable premises on a
long leasr. IN the first cas-, the rnsr-
chant ~ Obliged to tie up a large amount
81 e.apitAI IN ths second he fscaS the
prolls biIity that when HE lease expires NJ
will be asked to Jay q .ArR-r rent--psr-
ttrilarly 10 case his business has nosir-
shed In that particular lOsati0n. Whv
then should not certain numbers ~ cor
Tporations and firms circumstance
',ornlins to buy a site and erect a builsiing
"a their own in which they could have
soulo asuiirancs ~ permanently p0.uess-
tu1 tbs Ogfices they need witnOut the threat
so constantly tn~reaaing cOst7
ia buying the land and erecting the