March 14, 189C.





Record   and   Guide.





437





and refined in the extreme. The trim of the dining room Is rich
St. Jago red mahogany, brought to the highest point of brilliance
by skillful workmanship. Fire-seats and cabinets of this beauti¬
ful wood are placed on either side of the mantels, and so al¬
most fill up the wall on that side of the room and in an attractive
way. The effects in the dining rooms are as rich as they are
graceful in the parlors. The trim of the library is red-birch,
with bookcases to match. This room is laid with parquet flooring
of appropriate design. The apartment at the rear of this is also
trimmed in birch.

Besides the usual and indispensable things that go Into a house
of this class to make It acceptable to buyers, Mr. Stewart has
added a number of others, an attention that ought to be ap¬
preciated. For instance, there are gas ranges, wine closets and
refrigerators in the butler's pantry, and needle baths in the
bathrooms. The kitchens are tiled and the laundries particularly
well finished.

Inquiries regarding these houses should be made of the owner
on the premises, or at No. 102 West Slst street, or of any broker,
and intending buyers are confidently recommended to In¬
spect them.—(Communicated.)





Real  Estate  Market.

The inclemency of the weather has doubtless proved detri¬
mental to the existence of a livelier market, but nevertheless
the sales by brokers or individual owners direct foot up the very
respectable sum of $3,200,000. Trades, however, figure exten¬
sively in the business of the week and have contributed more
largely than usual to the total given. The thermometrical con¬
ditions have been particularly unfavorable for house buyers
since Monday, and for that reason alone there has been a falling
off of twenty-five per cent, in the week's sales of residences, and
in addition several have been bought on speculation. Their pur¬
chase will involve an aggregate of about $820,000, an average
price far greater than that of last week. Other grades of realty,
particularly flats and tenements, have sold fairly well.





Tho followiugavet're comparative tables for
ances. Mortgages ami Projected Buildings for
weeks of 1895 and 1896 :

OOHTaTAHOBS.

lo95.
Mar. 8 to 14 Inc.

Total number for enth-e city............         ono"aq?i

Auioiint mvoived........................     »a,_uo,.i»u

NumVier nommal.....................■•.• • •                '■—'

Nmuljer 23d and 24th WarrtP, oniilting

new auuexed district (Act 18'J5)...                  J^

Amount mvolved........................       » j j / ,o.ij

Wntnler nominal........:u" • V V • v'.:•

Numlier 2:5d aud 24th Wards, iuclud¬
ing new annexed distiict...........                ....

Amount involvea........................                ----

Number uouiinal........................                ••••

MOBTOAOaS.

Total number...........................•                fj-^

Amoiintlnvoived........................    »j,o/j..'jj

Number over 5 per cent.................         n,a<v-^

Amount involved.......................     ifi.oiB.J.io

Number at 5 per cent...................         n-^ ,iw

Amount Involved........................    iti,.jo..uJ ^

Number at less than 5 per cent........                 14

Amount mvolved.......................       tyss.uuo

Number or above to Banks, Trust and

Insurance Companies..............                  49

Amount in70lv6d.......................     ifi,.j.'jj,.oo

PaOJBOIBD BUnJOINOS.

1895.

Mar. 9 to L'i, Inc.

N imber of buildings....................     ».)-ii5ii?^

Ls-Jmated cost..........................      »_,ji5,»/o





New York Convey-
the correspondiug





1896.

Mar. G to 12 Ino

2112

$3,016,042

115

42
147,876





70

$76,701

37





*3,303,o.'>4

123

$677,»)18

115

$1,787,836

36

$830,600

34
$1,105,60 J





18!I6.
Mar. 6 to 13, inc.
99

$3,454,970





Sales of a voluntary character were the feature this week in
both auction rooms. The transactions on Tuesday were the
most satisfactory, inasmuch as twenty-six parcels of^city prop¬
erty were disposed of for the aggregate sum of $548,3.50 to
twenty-two buyers, among whom professional speculators cut a
less important flgure than did the investing public. The parcels
were all of moderate value, the highest price obtained being
$54,000, and among them were five sold under legal decrees.

There were two special offerings on that day at the Broadway
Salesroom, which, with several minor announcements, suc¬
ceeded in drawing to the room a crowd such as had not before
been present this season, and one that taxed its capacity to such
an extent as to make moving about not only difficult but use¬
less, if the object sought was to get within hailing distance of
either of the two most important auctioneers of the day after earh
made his initial offering. The latter were Philip A. Smyth, who
officiated at a sale of property owned by the estate of the late
Maurice O'Brien; and Williani Kennelly, under -.vhose auspices
took place a sale of property formerly belonging to Charles W.
Lawrence, deceased, and other executors' sales fully as inter¬
esting. The last named auctioneer sold all but one of the prop¬
erties presented, the exception being the dwelling. No. 121 East
SSth street, withdrawn on a bid of .$26,050. In addition to three
New York parcels there were included iu the Lawrence estate
property, a dwelling, etc., with Ol^.^ acres at Mastic, L. I., bought
by F. M. Lawreuce for $2,000, and an adjoining tract of 108%
acres, with house, etc., sold to Miss H. N. Lawrence for $5,.350.

No. 92 East Broadway, the first parcel outlined in the auc¬
tioneer's pamphlet of the Maurice O'Brien estate's offerings, hav¬





ing secured a buyer at private contract, Philip A. Smyth opened
the sale by presenting the flve-story store and business structure,
Nos. 345 and 347 Grand street, for the consideration of his audi¬
ence. Business property on that thoroughfare, east of the Bow¬
ery, has, however, suffered so great a decline in value In the
past few years that there was little disposition to bid shown, and
it was finally kockcd down to a reperesentative of the owners for
$09,500. Other parcels fared better, and the seven disposed of
realized a total of $107,850, a sum equal to the expectations ot
the heirs, who, being in no mood to permit needless sacrifices,
directed the buying-in or withdraw-al of the following in addi¬
tion to the Grand street property: No. 212 West 105th street, at
$26,100, and Nos. 42 to 40 West 133d street, at $12,975 each.
Auctioneer Smyth also withdrew from foreclosure sale. No. 113
West SOth street.

There were also offered at the same time and place three city
parcels by William M. Ryan. One was sold. No. 315 West 110th
street was bought in at $15,000, and the northeast corner of 2d
avenue and 95th street at $-28,200.

Richard V. Harnett & Co., on the same day at the Re.tl Estate
Exchange, -w-ere successful in securing buyers for five parcels
owned by the estate of Albert W. Smith, deceased, on 9th avenue
and 42d street. No. 35S West 43d street, oftiered for the same
estate, was bought in at ¥17,900. The same firm sold an elon¬
gated lot on Edgecombe avenue for the executrix of the will o£
Richard Carman Combes, and withdrew No. 152 West lODth
street.

The most valuable of the many properties that passed under
the hands of the auctioneers, more valuable in fact than all the
others of the week combined, was, of course, the well-know-n
Osborne apartment house at 57th street and 7th avenue, and Us
offering by Richard V. Harnett & Co. at the Real Estate Ex¬
change on Wednesday attracted the usual large attenda-ice of
investors, representative brokers and persons impelled by curi¬
osity that gathers at every important auction, and especially on
the rare occasions when a million-dollar property is put up.
The apartment buildine- was sold to close the estate of the late
John Taylor, who in his day was prominently identified with real
estate operations. Auctioneer Harnett stated before asking for
bids that the building, while in an unfinished condition, w-as sold
in March, 1888, for $1,000,900, and subsequently when completed
was bought under foreclosure by the mortgagees and present
owners for $1,300,000. He also said that the building, which Is
at present fully rented, yielded a gross annual rental of .$99,905.
It was learned later that the net yearly income amounts to
about $72,000. The bidding started at $750,000, and advanced
by easy stages until $1,010,000 was reached, at which price the
Osborne became the property of Dr. John S. Ely. As Mrs. Ely
is a daughter of the late Mr. Taylor and one of the feveral
heirs of the estate, the presumption is that the purchase was
made In her individual interest. The total number of bids re¬
ceived w-as twenty-five. A departure from the customary ten
per cent, rule was the announcement made previous to the sale
that only five per cent, of the purchase money would have to be
paid before the completion of the transaction. Another unusual
feature was giving the buyer the privilege of acquiring the ad¬
joining street lot, 25x100.5, also owned by the estate, for $;i5,000,
a low figure as prices go in that neighborhood. It Is almost un¬
necessary to add that Dr. Ely did not fail to avail himself of the
privilege.

At the Broadway salesrooms on the same day Bryan L. Ken¬
nelly sold under direction of the executors of the wfll of Robert
Greacen, deceased, eight full lots on ISSth street, betw-jen Am¬
sterdam avenue and the Boulevard, and eight adjoining in the
rear on 159th street. They were disposed of separately to seven
different buyers for a total of $82,5.50. The old Kin.gsbridge
Hotel property, consisting of a large plot on Broadway, Hyatt
and Ashley streets, offered by the same auctioneer, was bought
in at .$42,000. Philip A. Smyth offered at public auction the fol¬
lowing, all of which were bought in or withdrawn: No. 244 West
25th street at bid of $9,200; No. 225 West 29th street at $17,000;
No. 243 West 39th street at $14,100, and No. 302 Bast S2d street
at .$9,200. William Kennelly similarly offered and withdrew
three lots on Inwood street, near Prescott avenue, at $1,700 each;
four lots on 216th street, 300 feet east of 10th avenue, on bids
aggregating $3,72-5, and tbe leasehold property. No. 734 Sth ave¬
nue. Peter F. Meyer & Co. adjourned to the 25th inst. a fore¬
closure sale of the leasehold No. 45 New Chambers street.





Richard V. Harnett & Co., will on Wednesday neyJ. the 18th
inst., sell at auction the following parcels in the Real Estate
Exchange, Nos. 59 to 05 Liberty street: No. 4 Oth avenue,
northeast corner of Minetta lane; Nos. 214, 210 and 218 West
Houston street, leasehold; No. 32 East Broadway and No. 244
East 104th street. On 'Thursday next, the 10th inst, and in the
Real Estate Salesroom, No. Ill Broadway, they will .sell No.
105 West 47th street. They also announce for Wednesday, the
25th inst., that they will offer by order of the executors of Fred¬
erick C. Linde, deceased, the fine business parcels, Nos. 182 and
180 Pearl street, two six-story and cellar brick buildings and
lots, located on the east side of Pearl street, about midway be¬
tween Pine street and Maiden lane. For fuller descriptions of
these properties, with dimensions, etc., readers should consult
our advertising pages, and inquire of the auctioneers at Nos, 71
and 73 Liberty Btreet for maps and other information.