New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-09
THE REALTY SITUATION
Views of Well Known Experts
ON Market Conditions.
TRADING SATISFACTORY
The Demand for Fine East Side
Houses More Vigorous than
in Many Months.

udrN J. the general OulIOOh DelnS rOSedle'
The opinions of John y. Goldng. d. L.
Gilman and c. f Moves are as follows
The indications for the business for 1913
look very good to me, and | think the
month of January demonstrated that il
may be ID wear of large transactions
Men seem more disposed to buy large
apartment houses. we'll located than they
have been i'm previous years
Business property i'm sections that have
been affected by the movement uptown
will seek its own level
IL only requires on the part of people
intrusted with making the laws of the
country to act as sensible business men
should act, and not for their own personal
benefit, 10 create favorable impression
in the eyes of their constituents. 1t
would be refreshing to have some big
men in the country stand up and say:
Let the business men alone and permit
them to attend To their own business
without hindrance OF molestation.' Dis
turbances naturally affect the minds of
men who are accustomed to do things and
who are pioneers in making cities what
they are to-day.
new lOlh must 80 dNtdu--liolllliS 'dii
stop il Its area is limited But that
does not make a great city: it is the out
lying districts which should have
healthy growth. and II seems to me. If
the incomipg administration would only
view with a degree of common sense the
necessities Of the business men and aid
them in doing things. that 1913 will be
very good year. But if they are going
to cater to the irresponsible element
presume the business man. as he general
" does. will curtail his expenses and safe
guard his interests The spirit OF reSula-
ton is abroad and il is extremely laugh
able TO be regulated by a lot of people
who, If thrown on their own resources.
would be incapable of paving for more
than a six room fiat.
JOHN NOBLE GOLDING.
The real estate market since January
has shown decided improvement in GER
tain respects, and there seems TO be
general feeling OF greater confidence in
the future than has existed for some time
past.
In the residence section of the city.
especially in what is known as the Fifth
avenue and East Side territory. d quick
ened interest is noted in the sale of pri-
vate houses The list OF houses of the
better type which have been sold since
January makes quite a respectable
showing after three very lean years. The
most expensive of the houses which have
been sold is No East 18th street. for
tho estate of "A. II. Rogers to Mr..
ROgcrs's late partner in the Amalgamated
II ",1l
ing this the sale Of No. 20 East 18th street
by Charles Buck. who built three hand
some houses on the corner of 18th street
and Madison avenue on the same re-
strictcd block known as the Cook block
gave a good start TO the market. To be
sure Mr. Buck took Mr. Olcott's present
residence AT No. 10 East 9th street i'm
part payment. but a considerable amount
of cash represented the difference. Other
sales of importance were No. Is East
list street by another builder, {. W.
Luystcr jr to julius Kayser at price
over 10000: No. Y East 18th street, by
tho Richard estate, to J. w Ellsworth
No. 81 East 6Sth street, No. 90 East 9th
street and No. g. East I'D street
The above sales occurred i'm what is to-
day the most popular section for fine pri-
vate houses. and is generally classed as
the Lenox Hill section. There have also
been some sales on and near Fifth ave-
nue. at 95th and 96th streets which have
awakened considerable interest and it
may mean a future extension to the
northward of the East Side residential
section, although the only building that
has taken place following these sales has
been the new house erected in 96th street
lust off Fifth avenue by ogden Goldman.
1t will be necessary for more buildings
to follow this if the move is to be classed
as an important one
Returning to the Lenox Hill section, We
find q new apartment house project
planned for the northwest corner of Goth
street on a plot just accumulated by the
Fullerton Weaver Realty Company. which
has built four other fine buildings in the
immediate neighborhood
There has been and will be considerable
activity in the Grand Central zone. with
a great increase in values Immediately
west of the new terminal. The renting
of fine Office buildings nearing completion
in this neighborhood has astonishcd even
the most sanguine.
and unless it gets some serious setback
will undoubtedly result i'm a very salts
factory year for most of the brokers.
DOUGLAS l.. ELLIMAN.
The Office which ! represent is well sat-
shed with conditions Of the real estate
market. We feel that, while trading is not
particularly brisk. the underlying con-
ditionS since January ] are much i'm
proved. We look for a slow, steady but
healthy increase in the volume Of business
from now on. Large and small investors
are beginning TO again come into the mar
ket, and not a few purchases are recorded
each week to investors who have not
been identified with real estate for some
years.
Mortgage money is easy and renting
conditions are much better than they have
been for number of years
We particularly look for activity in the
district south of Canal street TO City
Hall and east of Broadway. The COM
pletion Of the Municipal Building. the
erection of the County Courthouse and
the effects of the new subways now be-
ing constructed will greatly benefit this
would in itself be enough 10 send values
inward but all three coming at the same
time is certain to have a beneficial effect,
and many investors are taking this into
consideration and looking around for well
located parcels in this zone. Another class
Of rronarfv that has been dormant for