January 21, 1899J





Record and Guide





iqi





brought. Mr. Carnegie did not sign his contracts to purchase his       which show that he only paid between thirty-two and thirty-
two block fronts between 90th and 92d streets until November      three thousand dollars for jnside lots, and fifty and fifty-five
23d, It is generally conceded by real estate experts that $90,000       thousand dollars for corners; therefore, if the above sum o(
was a full figure for the two 5th avenue lots at the time men-      $31,000 is deducted froi-n $717,725, it would leave $686,725, which
tioned    and' is  fully  borne   out   by  Mr.   Carnegie's   purchases,       is exactly .$20,725 of the estimate.

la.     —... _-:..       ~~       "                                                                                   The following are the comparative tables of Manhattan and the

ReSi    Estste    Msrket.                                Bronx of the Conveyances,  Mortgages and  Projected  Buildings

for the corresponding weeks of 1899 and 1898 given:

Tbe business of the private sales' market has been very satis-                                                     CONVEYANCES

factory as regards both quantity and quality.    It has been well                                                                               'imo.                         1898.

distributed topographically, and  has embraced a fair variety of      ^^^^j ^^   ^^^ Manhattan and Bronx   J^°-^^ to 19^inc.       Jan.l4 to 20. in^.

property.    At the beginning of the week brokers reported that,       Amount involved  ....................         ?2,'111.021                   $2,358,720

in the absence of settled opinion as to whether the owner or the      ^umber .omln.l  ^^j---;;^^-■^■--^-^                     144                                182

tenant   w-ouid have  to pay   the  increment in the local  tax.   in-         new annexed district (Act 1805)___                      K6                               33

vestors were showing a tendency to postpone the consummation      Amou^.t ^"^^^-Ived _;■■_;-_■■;•_•■_........              S520.050                        5210.910

of  purchases.     But   as  the   week   advanced  the  conviction  ap-      Number 23d and 24Vh wards*, liiciuding

peared  to  become  general  that  the  tax  would  eventually  be      ^^^^.^^^^^J^^]^-:—;--^            ^626.81      -              5235.611

shifted to the consumer, and the inclination to extend negotia-      Number nominal  ....................                      37                               39

tions   began   to  wear  away.     As   regards  speculative   property,      Total^ ^to^fate.' .^^'^"Tf r.".*:?.'                     801                              040

the  tax question was said to have  exercised little,  if any,  ad-      Total amount of Conveynncea,

verse influence on negotiations, the reason being that the price        J^^"- 1 «<> ^ate...............      ?8,yG8,27a               ¥0,221,506

of speculative holdings commonly bear little relation to present                                                       MORTQAQES.

actual or possible earning capacity.    Indeed, the announcement      Total No. for Manhattan and Bronx..                     329                                872

of tbe augmentation of the tax appears to have had a tendency      Amount ^n.olved ^. .^^„.............          $6,677,300                   ?5.769,408

to bring speculative property into the market for improvement.       Amount  lavoWea      ___'.'.'.'.'.'.'.'.'.'.'.'.'.          ?1.700,3'38                   $1,538,073

The  transactions  in  choice  vacant  land  embrace   two  lots  in      l^^^t tn,l^^!LT"\:\\::V:\::V.:-.         S2.109.7M                  ?2,582,^i

Jith avenue, opposite the park, five m Central Park West, two in       Number at lesa than B per cent......                      75                               03

tbe   Boulevard,   and   a   number   in   other   high-class   residence      Amount Involved...................         $2,867,170                   $1,647,500

uie   Euuicvaiu,                            ,    ^ ^,          ,      .£ il,    T^-           1   *    !,„           Number of above to Banks, Trust u4

streets.    Bight lots purchased at the sale of the King estate have         insurance Companies  .  ...;........                      66                               80

been   resold   to   builders.     A   noticeable   feature   of   the   week's      ,^^t°al'nnmiic^r "of■'Mor'tgnee;'           *3.301.716                    $2,360,450

business has been tbe large sales of acre property in Brooklyn.         j„„. 1 to dnte..............,'                   007                         1,U3S

Tbe activity in   similar property on  Staten Island,  where Cor-      Total  ^^^^.^^l^ot Jiort^^^..     fl,»«,l4S,0»3              912,2SG.G3«

nelius G. Kolff has sold a large tract, near Huguenot, for a sea-                                                              .      .     <i-    ,     =,«wo              •^l^,^s.^,.^Mn

.side resort, further goes to show that the demand for suburban                                             PROJECTED BUILDINQS.

property   which   became   manifest   last   spring  has   been   bene-      Number of New- Buildings............                     80                               32

rtcially   influenced,   if  at   all,   by  the   tax   announcement.     But,      Total    no?»ber"oi' New'nmid-          -^2.312,825                     $1,444,050,

although tbe number of transactions in lots on Manhattan,  in-      ™,*'t*^f' *''*"■ ^ *** 'J^l?-■ • ■ J,'•-• ■ •                      ^"^                              ^''"

eluding antiquated East Side tenements, has been considerable.         ?n"'H, Ja'n,°" to'^ilate?^! .. .".'.'^r      ¥4,siy,475                $4,700,950

the sale of investment property in the form of mercantile build-      Total   anioant   ot   Altci-atiuiis,

ings   and   flats   has   been   equally   conspicuous.     Of   course,   the         J""- 1 to date...............             aa7,0G5                    158,050

purchase of No. 8 Broad street by the Stock Exchange, coming                                                              --------

as it does at a period of activity,  and  made under a pressing          ''^"^- ^^"'^ Sons are offering m the advertising pages of this

need of more space, will not exercise the same influence on the       '^sue,   to  lease  on favorable  terms   their  extensive  premises  on

real  estate  market  that  the   eariier  purchase  did.    Neverthe-       ^^^t lOOth street, and to sell their engines,  boilers, etc.    At a

less   it established a  new record  for  high-priced inside lots-       '""^ of revived confidence and increasing industry like the pres-

$234 per sq   foot.    The other notable transactions of the week       '-■"^' "^^^e offers ought not to remain long without takers.    The

comprised a block front of 5-story warehouses on the east side       l^remises and plant are in excellent order, have water front, ana

of Rutgers slip, between South and Water streets; the old build-       dispose themselves to subletting.    The particulars given in the

ings on the northeast corner of Sth avenue and 19th street; the       advertisement are commended to the attention of manufacturers

new   G-story  elevator   apartment  at   the   northwest  corner  of      ^nd others in search of new or improved quarters.

Lenox avenue and 126th street; the new S-story fireproof build-                                                                 ^--------------

ing at Nos. 30 and 32 East 21st street; the old building, Nos. 75                                      -           >          r a          «»»
and  77  Duane  street;   the  7-story  building.  No.  51  West  3d                                     GOSSiP   OT  the   Week-
street;  the 6-story apartment house.  No. 325 West 83d street.                                            SOUTH OF 69TH BTRBBff.
The total number of transactions given below is 70, with consid¬
erations given in 23. and amounting to $2,227,700.    Correspond-          Rutgers  slip,   east  side   from   South   to   Water  street,   5-story
ing figures for last week are 47. 8 and $1,520,300, respectively.             warehouses on plot loOxlOO;  seller, Thomas Hitchcock;   buyer,

James F. Maguire; brokers, Ruland & Whiting.
--------                                                                 Lexington   avenue,   southeast   corner   of   SSth   street,   4-5tory

The improved tone of the auction market, which became mani-       building, 22x70; seller, A. McW. Oberbeek;  buyer. John Smith;

ftst at the sales of tbe King and Bathgate estates, found little      broker, W. C. Dilger; price, .$40,500.

oppoi-tunity for expression this week.    The list of offerings was          ^^th street. No, 221 East, 4^story double tenement. 25x50x98.9;

small, and restricted chiefly to the common run of cheap dwell-      ^^ller,  John  M.   Lewis;   buyer,  Louis Drewes;  broker,  Henry G.

ings   fiats and  tenements,  sold under foreclosure.    However,  in      Cassidy.

the executor's sale of leaseholds belonging to  the James Muiry          Baxter street. No. 22, 6-story tenement, 25x117; seller, Joseph

estate   conducted  bv  Richard  V.   Harnett,  the  prices obtaineo      ^- Buttenweiser; price, .$50,000.

were   extremely   satisfactory.     The   voluntary   offering.   No.   30          Thompson  street.   No.  9,   G-story  tenement;   seller,   Joseph   L.

East Slst street, a 4-story dwelling sold by the same auctioneer,       Buttenweiser.   See No. 119 Sullivan street.

brought $39,500.    No. 13 East SOth street, a similar house on a          Sullivan street,  No.  119,  G-story tenement;   seller,  Joseph L.

larger lot and in a more attractive street, was sold at..private      Buttenweiser; price for this and No. 9 Thompson street, $73,500.

treaty   by  Mr.   Harnett   in   November  for  $36,000.     The  three          7th street, No. 94 East, y-story and basement single flat, 21x91;

store and tenement houses on the southwest corner of the Bow-       seller, Joseph L. Buttenweiser; price, $30,000.

ery and 4th  street, sold in partition by Peter P.  Meyer,  were          Peari street, No. 294, 4-story buildmg. 2ox80; seller, Caroline

bought by one of the heirs for $106,000.                                                     Breier; buyers, Julius Hirsch and Mark Harris; brokers, Ruland

The following properties were bid in, withdrawn, or adjourned      ^ Whiting,

to dates beyond the coming week:    No. 118 Wall street, Wilfiam         Canal street,  No. 214, 3-story  building: seller, E. Z. V. Lane.

M. Ryan   bid in at $42,200; No. 1436 2d avenue, Bryan L. Ken-      brokers, Ruland & Whiting.

nelly, adjourned to January 30; No. 523 Lenox avenue.  Philip         Broome street,  Nos.  137-139,  old   buildings.    40x60;    sellers.

A   Smyth, adjourned to February 2;  Nos. 403 to 407 East 23d      Schmeidler & Bachrach; buyers, J. & M. Wemstem.                ._,

sfreet, Peter F.  Meyer, adjourned  to February 2;  No.  13 East          Madison avenue,No.l27.4-story dwelling, 23.3x90; seller. Eagan

22,1 street, S. Morris Pryor, withdrawn.                                                      estate, who take in part payment, at $30,000, the 4-story dwell¬
ing. No. 144 West 45th street; buyer, Woodbury Langdon.; price,
$59,000; brokers. Ranald H. Macdonald and B. W. Williams. Jr.

Richard V. Harnett & Co. will sell at auction on 31st Inst- the         3d street. No. 51 West, 7-story store and loft building, 25x119;

4-story and basement high-stoop brownstone dwelling. No, 47      seller. Perez Rosenberg, who takes In part payment some prop-

W,  35th  street.     Description  will  be found In   our advertising-    erty at Yonkers.

pages or can be had of the auctioneer at Noa. 71 and 73 Lib-         Rivington street. Nos. 138-140, old buildings. 44.4x100; sellers,

erty street                                                                                      j                   Shardy and Young estates; buyers, Mandelbaum & Lewln*.