966





The Real Estate Record





October 15,1881





company to have their plans pushed with rapid¬
ity, but notwithstanding they are employing over
200 men, it will be a work of several years before
tlie entii-e city will be supplied with steam power.

The strike of the bricklayers during the week
lias been of cjuite an extensive character, but
does not appear to be justifiable, and met with
determined resistance. The facts in brief are as
follows: The compact entered into last spring
between emyloyer and employee, on the basis of
•Sy.of) per daj^ until December 1st, and noted in
the KKConi) at the time, was adhered to until the
extreme pressure of building operations made
workmen \ery .scare when, yielding to the law of
supply and demand, the nnister buUd'>rs ad¬
vanced the rate to >^4,()0 jier day, and in some
cases, even this^\vas exceeded. Now that build¬
ing has .slackened oil", somewhat, the demand for
labor lins made a correspondiag shrinkage, and
employers naturally expect workmen to submit
to tho adverse turu of the same law of supply and
(leiaand tiirough which the receivers of wages
recently held their advantage. All that has been
aslced is, that the rate shall go back to the terms
ofthe original agreement, viz., .$3,50 per day,
and against this very reasonable proposal comes
the strike. Naturallj'^, the master masons are
indignant, and seem inclined;'to make a strong
effort to carry their point. The strike has had
scarcely any influence upon the market for ma¬
terial, mo.st kinds of which have continued to sell

eely at full rates, and, indeed, on brick there is

en a sliglit hardening of values.





There is nothing new in the mining market.
There are scarcely any outside orders and the
trading is done by tlie In-okers, The public has
beeji " stuck" so often that it refuses to pay out
any more money for stocks which always decline
and never a<lvance. The market for mining
sli;ires will die out, unless sonie bonanzas ai-e dis¬
covered. It w.as the five great bonanzas on the
Comstock which led to the gigantic speculations
on tlic i'acilic coast. There have been some good
paj-in;,^ l)roperti(;s in New York, but nothing sen-
s-.tion.al. Should we have a very great develop¬
ment and some widely distribtited stock go up
live hundred points, a new mining furor will be
<l6^^eloped iu New Yoi-k, but tlie immediate jiros-
l)ect is not iDroinising,

--------------------4 • »--------------------

The great tax sale has been postponed to
December 1st. This was to save the confusion
which would arise in having the tax books over¬
hauled .at the time when the taxes are about to
be ]jaid. Of tlie two million due, about one-third
h.'is beeu paid up. This sale really ought to take
pl.-ice iu early spring.





OUT AMONG THE BUILDERS.

It is said tliat it is tlie intention of the owner of the
)}lock of ground lying between Eighty-'jixth and
Eighty-seventh street, and east of Avenue B, to erect
a large number of small dwellings in the spring,

.T. W. La Baw is preparing the plans for two four-
story brick flats, with four stores, to be erected on the
corner of Fourth and Erie streets, Jersey City, The
fl.ats will contain six rooms on each floor, Dr, Ho£E-
inan, the owner, expects to expend about $8,000 on
tlii.s improvement,

Tlie same architect is also drawing the plans for a
three-story brick dwelling to be erected by Mr. James
R. Shannon, on Atlantic street, Jersey City Heights,
aud whicli will cost $4,500.

Messrs. La Baw & Son will soon complete the plans
for three tliree-story brick and brown stone front flat
houses, to be erected on York street, Jersey City,
They will be 18,4x50 each, and cost $20,000.

Mr. Cyrus W, Field is about to erect, near the site of
the Andre monument, at Tappan, a building to be
used by the Rockland County Historical Society, of
which Dr, Agnew, of this city, is president. The bricks
used in its erection are to be taken from the old
"Washington's Headquarters," near the Battery.
Rockland County is eminently rich in revolutionary
reminiscences and relics, and the new structure will
be a fitting monument of its historical importance.
Mr, Horace Greeley Knapp is the architect.

H.. J. Scharzmann & Co have commenced plans for
a stable and extension to the large brewery, located
at the corner of Columbia avenue and Broad streeti





Philadelphia, and belonging to Philip J, Lauber of
that city. The extension will be 58x70, four stories
and cellar, being eighty feet high and built of brick.
The stable will be 28x62, also of brick. The cost will
reach $75,000,

On the west side of Greenwich street, between Cort¬
land and Dey streets, the New York Steam Company
have commenced the erection of a portion of the build¬
ing, which, when completed, will be known as Station
B, It will be about 100x120, built of brick, four stories
high with a cellar of ten feet. The walls at the base
will be fifteen feet thick, it being the intention of the
company to make this the strongest building ever
erected in this city, as it will contain sixty-four boilers
of 250 horse power each, or a total of 15,000 horse
power. There will be double elevators running to the
top of the building where there will be room for the
storage of coal which will be fed down through
tubes. In the cellar will be a small railroad on which
will be run box-cars for the receipt of all the ashes.
The building wUl be thoroughly fireproof and wHl
have two large chimneys, 2.50 feet high. The cost of
this structure will be $150,000, exclusive of the boilers.
The New York Steam Company gives constant em¬
ployment to a corps of architects,

Charles C, Haight is at work on plans for a new
small-pox' and contagious disease hospital, to be
erected by the city on Brother's Island, It will be
180x40, two stories high, and built of brick and stone;
cost about $40,000. It is expected that the city will
erect several more buildings to be used for the same
purposes.

The Duffy Brothers propose erecting at once a row
of elegant French flats on the northeast corner of
Second avenue and One Hundred and Fourlh street,
100x250,

A row of first class brown stone flats will be erected
on the plot of ground on Ninth avenue and Forty-
seventh street.





SPECIAL NOTICES,
Thomas Carlyle in his time complained bitterly of a
want of conscience among modern builders, compar¬
ing their work with the edifices that have come down
to us from the past. The work of to-day, he charged,
was superficial, while the honester architects and
builders of a former age built not for a day but for all
time. It would have delighted the sage of Chelsea if
he could have inspected the solid foundations of the
buildings now being erected by Ira E. Doying on the
southeast coruer of Madison avenue and Sixty-second
street. They are of enduring strength and put to
shame the foundations of thousands of very preten¬
tious houses on this island. Mr. Doying's three fine
houses on Sixty-seventh street, east of Fifth avenue,
are among the very best built in New York. The
stained glass decoration has never been used so exten¬
sively or with such effect. It is a pity that capitalists
do not insist upon building enduring houses ivith firm
foundations, strong walls, beams and girders that will
last for a century. Young architects and builders
could learn a lesson tliat would be of value to them
by inspecting the foundations and the buildings men¬
tioned above.





Mr. Lewis Weinier, real estate dealer, has recently
opened an office at 242 East Seventy-ninth street.
He has a number of eligible houses in his neighbor¬
hood for rent and sale.





MARKET REVIEW.





REAL ESTATE.

^e~ For list of lotfi and lionses for sale
See pases 11 and Iii of advertisements.

The Real Estate Exchange during the past week
looked like its old self. The room was full every day
there was a sale, and, in addition to the faces of the
old operators, there were many new ones. The bid¬
ding was generally spirited, and very choice property
commanded good prices. The most notable sale was
probably that at the southwest corner of Fifth avenue
and Twenty-ninth street. The flrst floor is occupied
by a jewelry store, and up stairs is rented oui for flats.
The total rental was $15,300, but it is supposed that
within a couple of years this may be increased some¬
what. An appraisement before the sale fixed the
price of the property at $160,000. It brought $163,000.
On the same day A, H. Muller sold the two four-story
dwellings on the south side of Twenty-first street, 80
feet east of Gramercy park carriage way, 44x78,10,
and the four-story dwelling on the southeast comer
of Gramercy park carriage-way and Twenty-first
street, 19,8x80, for $42,100, to A, C, Hassey, for which
it is reported he has since refused $53,000. On the
same day R, V. Harnett sold fifty-two lots, located in
Fordham, near the proposed new rapid transit line,
at prices ranging from $50 to $104 each, the balance





of the estate, the Kayser, containing the homestead
and sixteen lots, were wlthdra-irn. E, A, Lawrence &
Co, also sold on Thursday the four-story brown stone
house. No. 354 West Thirty-second street, 16,8x98,9, for
$9,300, at which figure it was cheap.

There is not much on the cards for next week. A.
H. Muller will sell four lots on the corner of One
Hundred and Fourth street and Third avenue, five lots
on Thirty-ninth street, 100 feet west of First avenue,
and four lots on Thirty-eighth street, 125 feet west of
First avenue. All these lots are ready for improve¬
ment. On Tuesday, Richard V. Harnett will sell two
lots on One Hundred and Twelfth street, 125 feet east
of the Grand Boulevard, On the same day he sells a
brown stone dwelling on the north side of Fifty-fifth
street, between Broadway and Eighth avenue. There
are, however, some big events on the cards. In No¬
vember, the 1,000 lots bought for Park property, will
be sold by the City of Brooklyn, This will mark an
epoch in the history of real estate in the city. The
property of James Gordon Bennett will come on the
market some time this fall or winter. Then there is
the Jumel estate. It is not unlikely that some of
the new houses built during the spring and summer
may be forced on the market under the hammer.

Gossip of the Week.

Mr, Frederick K. Keller has sold the plot of ground,
comprising about six city lots, on the northeast corner
of Seventy-seventh street and Riverside drive, for
$60,000,

Barton & Whittemore have sold the four-story high
stoop, brown stone dwelling. No. 40 West Fifty-fourth
street, 25x85x100,5, for $81,000 cash,

Dr, Dodd, of^Orange Mountain, hasTleased from
Jolm Coar the four-story brown stone dwelling. No,
120 West Fifty-eighth street, for $3,000 per annum,

Mr. Treacy has sold the lot, and the thr^e frame
buildings thereon, on the southwest comer of Eighth
avenue and Fifty-eighth street, 25x100, for $40,000,

The price paid by Mr. Lee for the four-story brown
stone house. No. 132 West] Fifty-efghth sti'eet, the sale
of which was reported last week, was $33,000,

Randolph Guggenlieimer and Solomon Marx have
sold their ten lots on the northeast corner of Second
avenue and One Hundred and Fourth street, 100x2.50,
to the Dufl'y Brothers, with a loan,

John J, Burchill has resold the plot of ground recent¬
ly purchased by him from Newman Cowen, on Ninth
avenue and Forty-seventh street, which was reported
in this column three weeks since, at a considerable
advance, to a prominent Brooklyn builder,

F. Zittel has sold the three-story brown stone house
No, 790 Lexington avenue, 20,x45x65, for $17,000.

Vernon K, Stevenson, Jr,, has sold the four-story
high stoop brown stone dwelling. No. 6 East Sixty-
fifth street, to Janies M, Baldwin, for $6.5,000, and the
three-story liigli stoop, French roof house. No. 120
East Sixtieth street, 20x50x100, to Janies Purdon, for
$25,000,

The principal buyers of the Fordham lots sold at
auction, by R. V, Harnett on Thursday last, were ex-
Mayor Ely and Wni. J. Baines, who were offered a
handsome advance on their pui-chasers within twenty-
four hours.

E,  B, Harper & Co., have sold the double brick flat
house. No, 310 East Forty-fourth street, 2.5x05x100, to
B, A, Ketchum, for $15,000, and a couutiy seat at
Mousey, Rockland County, containing about forty-five
acres of ground, to F. E. Smith, for $12,000.

The four-story brown stone flat houses, Nos. 420.
422 and 424 East Eighty-second street, 25x69x102.6 each
have been sold together, for about $60,000.

Messrs. Benner & Zeller have sold Counsellor Ed¬
mund Price's residence. No. 26 Irving place, 20x45x80,
for $15,500, to Dr, Aufel and the three French flats on
One Hundred and Eighteenth street, east of Pleasant
avenue, 61x80x100, for $33,000, and of which a descrip¬
tion was given in the Real Estate Record two.weeks
since,

Frank Stevens has sold a lot, and the brick build¬
ing thereon, on Exchange place, near the Pennsyl¬
vania R. R, Ferry. Jersey City, 36x96, for Philip Don¬
ohue, to Mr. Brock for $17,000, and a plot of meadow
land comprising about five city lots on Second and
Third streets near Monmouth, for $1,000,

F,   H, Spengeman has sold a three-story double
French roof frame dwelling, with twelve lots of ground
situated in Roselle, N, J,, to Mr, Campbell, of Jersey
City for $14,000, and the three-story frame house and
lot. No. 28 Jewett avenue, Jersey City, for $5,000,

Dealers in Jersey City realty report that there is a
strong renting demand for medium-sized houses aud
flats. The row of three-story brick dwellings, 16,8
front, recently completed on the corner of Monmouth
and Beach streets, flve on each street, have all been
let at $25 per month to desirable tenants.

United States Senator, J. R, McPherson, of New
Jersey, and a number of friends, have bought a tract
of land of about sixty acres located on the Navesink