Real  Estate   Record





AND BUILDERS' GUIDE.





Vol. XX.





NEW YORK, SATURDAY, AUGUST 4, 1877.





No. 490.





Published Weekly by

TEEMS.
ONE YEAR, m advance....$10.00.
Communications should be addressed to

C. "W.  SWEET,

Nos. 345 and 347 Broadway.





MARKET   REVIEW.

REAL ESTATE MARKET.

During the week the market exhibited fair activifcy,
and several notable transactions took place both at
the Exchange and under private confcracfc. The plot
of land on the southeast corner of Fifth avenue and
Seventy-fourth street, which was sold pursuant to a
decree of foreclosure, was bid in by James Lenox, the
mortgagee, for $112,000, and the two four-stoiy brown
stone front dweUings, with lot, known as Nos. 17 and
19 East 74fch sfc., were sfcruck ofE to the plaintiff in fche
action for $33,435.

Referring to fche published list of conveyances, it
wUl be noticed thafc the aggregate amount of fche con¬
siderations expressed in fche several deeds filed for
record is $2,427,231, and that the transactions by
privafce bargains are of considerable magnitude. Five
houses and lofcs on Fiffcy-sevenfch street, between
Lexington and Fourth avenues, have been transferred
to Mr. Solomon Loeb for $138,000. The Globe Life In¬
surance Companvhave become vested with the fcitle to
property on Madison avenue, transferred by ifcs Presi¬
dent, in considerafcion of the sum of $74,000, and Mr.
William J. Byrnes has taken title to property on Fifth
avenue, Madison avenue and Lexington avenue,
Forty-flfth and other streets, for which he ostensibly
paid $226,055. The Universal Life Insurance Company
have caused to be recorded a deed, by which valuable
real estate situated on Madison avenue in the vicinity
of Sixtieth and Sixty-flrst streets, has been conveyed
to them in consideration of fche sum of $631,000, and
Mr. A. Hirschfield has bought fche one-half part of fche
eight fchree-story brick dweUings, stores and factories,
known as Nos. 95 to 109 Greene street, for $90,000.

In the mortgage loan markefc twenty-nine mortgages,
bearing interest at the rate of six percent., have been
recorded, seven of which, amounting in the aggregate
to $91,500, are held by the Mutual Life Insurance
Company, and one, securing a loan for $100,000, run¬
ning five years from date, made to-the Germania Life
Insurance Company.

Nothvrithstanding few plans for new buUdings were
filed with the Superintendent of the Department of
Buildings for the week ending Augugt 2d, the total es¬
timated cost amounts to $369,800. Mr. S. BeUman has
filed his plan for fche erection of fourteen brown stone
dweUings on Madison avenue, between Forfcy-fif fch and
Forfcy-sixth streets, the estimated cost of which is
$14,500 each. At Nos. 536, 638 and 540 Pearl street a
flve-story iron warehouse wiU be erected, at a cosfc of
$32,000.

A plan for fche alfceration of the building on the
northeast corner of Fifth avenue and Fourteenth
street Qate Delmonico's) has been filed, at a cost of
$5,000.

It is reported that Mr. Edward Mathews has pur¬
chased the plot of land on the northeast corner of
Fourth avenue and Eighteenfch street (50x150), for
$48,500, and wUl immediately erect thereon a seven-
story apartment house.

Since the rapid transit meeting at the Exchange
Salesrooms, where aUproperty holders alongthe aven¬
ues were charged with opposing rapid transit, there





has been some talk among those owning real estate
along fche lineof fche proposed Gilberfc Elevated RaU¬
road, the result of which may be a united action
among property owners. Ifc is for fche purpose of
denying fchafc fchey are obsfcrucfcionists, and to show
fchafc fchey do favor rapid fcransit, bufc nofc along fche
great arteries and narrow lanes of the city, that they
are now combining, and it is proposed to hold a series
of meetings in September, when fcheir posifcion in re¬
gard to rapid transit wUl be made satisfactorily clear.
The mosfc practical men among them state, that the
building of an elevated road, both in the avenues and
in narrow streets, Uke Pearl street for instance, im¬
pedes ordinary traflBc of carts, carriages and wagons,
interferes with the operations of the fire department
in time of conflagration, and the strucfcure itself will
be an eye-sore fco all pedesfcrians; afc the same time
fchey see no reason why fche idea of Hon. AUen Camp¬
bell, Commissioner of Public Works, should nofc be
adopted. He favors the continuance of the depressed
Fom-th avenue improvement to fche Cifcy HaU and
Posfc Office, which could be builfc for seven miUion dol¬
lars :

Right of way...............................$3,500,000

Construction.................................   2,500,000

RoUlng stock................................   1,000,000

Total cosfc..............................$7,000,000

As fchere is a disposifcion among fche pubUc generaUy
to favor an increase of prominent works at this
crisis of labor's disconfcenfc, an efforfc wUl shorfcly be
made, simultaneously by various up and down town
properfcy owners, fco urge upon fche aufchorities the
necessity of taking speedy action in regard to the
simple plan as confcained in Mr. Campbell's report fco
fche Mayor, and transmitted by the latter to the Board
of Aldermen. Property owners say they wiU then
demonstrate to the people that they favor rapid tran¬
sit, but not in a manner to disflgm-e the best and lead¬
ing streets of the metropolis.

The subjoined table shows the number of deeds and
mortgages filed for record with the Register of the
City and County of New York, during the six days
ending August 1,1877, and the amounts involved :

Amount.

116 Deeds, in aU..............................  $2,427,231

18 Nominal deeds..........................        nom.

26 Referee'sales...........................       170,300

20 Deeds, in 23d and 24th wards...........        43,090

MOETGAGES.

103 Mortgages...............................       884,350

29 Mortgages, at 6 per cent................       356,300

20 Mortgages to Trust and Insurance Co.'s      345,750

The foUowing are the sales at the Exchange Sales¬
room for the week ending Aug. 2:

Forsyth sfc. No. 155, w s, 1 fchree-sfcory frame
(brick fronfc) dwelUng and sfcore (fronfc), and
1 three-sfcory brick dweUing (rear), 25x100,
fcoL. M. Hirsch............................   $9,760

Gerard st, n e s, 154 s e Retreat av, 25x100, to

Sarah A. KeUer............................        500

22d sfc. No. 440, s s, 350 w 9th av, 1 three-sfcory
brick dweUing, 25x98.9, to Michael Silver-
stem........... ........................ ...     9,830

SOfch st, No. 336, s s, 192.6 w Isfc av, 1 four-sfcory
brick (stone front) dweUmg, 22.6x98.9, to
JosephLevi....................... .'.......     7,000

Slsfc sfc, n s, 230 w Isfc av, 1 four-sfcory. brick ten¬
ement house, 20x98.9, to F. Roesler........     5,675

32d st. No. 553, n s, 200 e llth av. 1 five-sfcory
brick tenement and store, 25x98.9, to P.
Huron.......................................     7,100

50fch st. No. 59 Wesfc, n s, 691 w 5fch av, 1 four-
sfcory brick (stone front) dweUing, with lot,
20x100.5; leased Sept. 22, 1868; term, 20
years; ground rent, $320 per annum, to
SarahE. BusseU(plaintiff).................    11,640

55fch st, s s, 200 e 10th av, 25x90, to Elizabeth P.

-Noble (plaintiff)...........................     1,225

58fch st, No. 243, h s, 85 w 2d av, 1 thriee-sfcory
brick (stone front) dwelUng, 20x100.5, to E.
O. Jenkins rplamfcUE).......................     9,050





63d st. No. 344 East, s s, 80 w Isfc av, 1 flve-story
brick tenemenfc, 20x100.5, fco Joseph L. R.
Wood (plainfcUf)............................   $7,100

71st st, s s, 450 w 9th av, 25x100.5, to Isabella

Cameron et al. (exrs. and plaintiffs).......     3,000

74th st, s s, 100 e 5fch av, 50x102.2, fco James

Lenox (plaintiff)............................    20,000

74fch sfc, Nos. 17 and 19, n s, 260 e 5fch av, 2 four-
sfcory brick (stone f ront)dweUings, 40x102.2,
fco Jacob F. Wyckoff (plainfciff).............    33,435

101st sfc, n s, 193.4 w 9th av, 3 three-story brick
dweUings, 48.8x100.11, to Universallns. Co.
(plamtiff)...................................     7,000

118th st, n s, 315 e 4th av, 1 fcwo-sfcory frame
house, 25x100.11, to Marv J. Munson et al.
(exrs. and plaintiffs)........................     2,600

128fch sfc, Nos. 151,153 and 155, n s, 285 w 3d av,
1 four-story brick planing mUl, with out¬
buildings, 75x99.11. to. David Wakeman
(plamtiff)...................................    10,370

129th st, No. 28 West, s s, .399.6 w 5th av, 1 three-
story brick (stone fronfc) dwelUng, 17.6x
99.11, to Equitable Life Assurance Soc.
(plainfciff)...................................    10,000

133d sfc, n s, 315 w 4fch av, 1 fchree-sfcory frame
dwelling and store, 25x99.11, to Washington
Life Ins. Co. (plaintiff).....................     4,000

2d av, No. 1050, e s, 60.5 n 55th sfc, 1 two-story
brick (stone front) dweUing, 20x63, to Jane
Jo-eph (plaintiff)..........................     8,815

4th av, e s, 51.2 n 77th st, 51x100.............*

77fchsfc, ns, 100e4thav, 50x102.2.............j"

fco James J. WUlett........................    23,400

Sth av, e s, 103 n 73d st, 101.4x100, to James

Lenox (plaintiff)...........................    92,000

Total.......................................$283,500

----------«-,->----------

BROOKLYN, N. Y.

In the Cifcy of Brooklyn, Mr. I.  F.  BisseU has
made fche following sales for the week ending Aug. 1:

Adams st, w s, abt. 267 s Concord st, 20xl'00, fco
Edward Colgafce and Wm. A. CauldweU
(exrs. and plainfciffs)......................   $4,500

Bergen sfc, s s, 138 e Bond st, 18x100, fco Chris¬
fcopher Druve...............................     2.000

Cheever pi. e s, 370 n Degraw sfc, 20x88.6, to

DeUa A. Moore (plaintiff)..................     1,000

Devoe st, s w cor Catherine sfc, 25x90, to Chas.

H. Blyndenburgh..........................     1,825

Duryea sfc, n w s, 130 s w Bushwick av, 30x100,

toAlfredC. Cooper........................     2,000

Kosciusko st, s s, 350 w Marcy av. 25x100, to

Mary Pettit (plaintiff)......................     2,000

Seigel st, n s, 100 e Graham av, 25x100, to John

Schriefer (plaintiff)......................           50

Steuben sfc, e s, 575 n Myrfcle av, 25x100, to J. C.

Merschlich (plaintiff).......................     1,500

Summit st, n s, 400 w Columbia st, 28.1x69. to
James and E. S. Calverfc (plaintiffs).
(Morts. and taxes $5,602)....................     5,902

Isfc pi, n s, 21.6 e Henry st, 21.6x133.5, to Octa-

vius J. Norris (plaintiff).   (Morfcs. $7,500)...     7,600

83d sfc, n s, 135 w 4fch av, 20x100, to Alexander

M. White (plahitiff).........................     2,600

Gates av, s s, 16 w Vanderbilt av, 16x43.6 to
Fulton av, to John G. L. Boettcher (plain¬
tiff)........................................     1,000

Greene av, n s, 180 e Hall sfc, 20x100, to James
L. Mitchell (admr. and plainfciff). (Morts.
$6,000)......................................     8,200

Hudson av, n e cor Concord sfc, 21x75, to Ar¬
nold Geisseman (plaintiff)..................     4,300

Van Cofcfc av, n s, 75 e Humboldfc sfc, 42.2xl06.6x

4.7x95, to Mary E. Davis (plainfciff).........     2,500

WUloughby av, n s, 393.9 w Marcy av, 18.9x100,
fco John McDermofcfc (plaintiff). (Morfcs.
$5,000).......;..............................     5,200

5th av, easterly cor 8fch sfc, 40x80.10, to Benja¬
min Floyd (plaintiff)........................     2,000

Total.......................................   $64,077





BUILDING MATERIAL MARKET.
BRICKS.—There does not appear to have been
much change on the general market since our last,
but the tone has rather lacked strength a;il around.
The combination of manufacturers made no alter¬
ation on fche scale of prices, and quofcafcions remained
nominally as before, but quite Uttle shadings have
taken place where a good customer could be secured
thereby, as fche accumulation of stock proved rather
full, and ifc was not deemed judicious to pass too many
chances for a sale. The imion of fche producers in the
efforfc to confcrol and regulate the cost, has not as yet
had a reaUyfair trial, and it is doubtful how much