Real estate record and builders' guide: v. 21, no. 520: March 2, 1878
| Issue list for this volume | Browse all volumes | « previous search result | next search result » |
false
Click image to zoom in (opens new window)
)
Click image to zoom in (opens new window)
Please note: this text may be incomplete. For more information about this OCR, view About OCR text.
Real Estate Record
AND BUILDERS' GUIDE.
Vol. XXI.
NEW YORK, SATURDAY, MimCH 2, 1878.
No. 520.
Published Weekly by
(Bin %vd (Osteite %mxii %%%otmixo ii.
TERJIS.
<>.\E YKAR, in advance....SIO.OO.
Coniimmications should bo addre.SKed to
C. -VV. SAVEET,
Nos. *I5 As-n :3-17 Bhoadwav.
PIIOPERTIES FORECLOSED BY I^^STITU-
TIONS.
Since the p.anic of 1S7:} there has been great
pvasion practised bj- institutions with reference
to the condition of defaulted mortgages, and
there has also been culp.able negligence and tiii-
v.ari-autalile leniencj- excreiscd iu the matter of
the foreclosure of niortgagos. A cominon subter-
fng(> practised bj- institutions has been to retain
among .sound a.ssets mortgages that were really
in hopeless default. Neglect and leniency iu re¬
gard to foreclosures have involved both mortga¬
gor and mortgagee in needle.ss and aggravated
calamity. Under the impression tkat it was in
the i)ower of these institutions to buoy up and
support inflated values of real estate, the policy
has been adopted and pursued bj' some of them
for nearly four J-ears of making excessive loans
upon mortgage, and of adopting the mildest kind
of treatment with defauling mortgagors. Prob¬
ably, underlying this policy was a latent hope
or belief that real estato values would rally and
become finally re-established at or near the"plane
of former rates. Tho utter failure of these e.x-
pect.'itions. and the enormous depreciation which
has .•ictu.nlly taken place in real estate values
during the pa.st four years, have not only bank-
niiited the makers of doubtful and insecure
mortgages, Imfc also thrown upon the in.stitutions
a va.^t amount of propertj-, the corporate liens on
wliii.-h have been greatlj- increased by arrearages
of interest and taxes .as well as exaggerated legal
foes and expenses. If these .same properties had
been brought to an earlier foreclosure and .sale,
the chances are that pui-ch.'isers might have been
found fur them at better prices than can be
i-oulized to-daj-. At all events, the institutions
would have been relieved from the addition to
their claims in the shape of accrued interest and
taxes, nnd in all likelihood would have been
•'spared tho necessity of assuming the ownerehip
of so many blocks of real estate. The knowledge
that many foreclosures were being delayed and
kept back deterred private capitalists from
entering the exchange sales room. The absence
of outside support, and the gradually increasing
volume of foreclosure sales, have had the efTect of
severely and unduly depressing the real estate
market.
AVe have taken tbe trouble to collate and
tabulate all the conveyances under foreclosure
that have been made to institutions during the
past three years, aud present them in this number
as an index to the residts of corporate manage¬
ment during the past decade, as well as a direc¬
tory as to the ownership of this vast body of
real estate, and the data from which to determine
the question as to how soon this swollen stream
of foreclosure suits by institutions may be ex¬
pected to dry up and disappear. A careful study
of this list will afFord instructive information ns
to the past management and future prospects
of small and great financial institutions:
Mt-TIML LIFE IS.S. CO.
1875.
Cedar st (Xn. 141). n s. 40.4 e ^Vashington st, 29.6
x54. Jimel ................................5.5,000
llth av ami li5th st. runs along middle line of
llth av. 1S8.5 to lands of Xew York Juvenile
Asylum by northwest about 165 to land of
JV. JleDonaM x .south 202 to middle line of
IToth st X east 1.50 ^Vest Xew av. beginning at
a point in middle line of 17.-illi st, where it is
intersected by Xew av. runs north along
Xew av ion .v e.isr, 110 .x south x 100 x west
M". JulyO................................. 8.643
1876.
llOth .st, ss, :i-27i wGr.and Bonievard. 150x99.11... 20,000
llOtlisl. ss, 475w Grand Boulevard, runs west
lo high water mark. Hudson river .x north
.-. ,"'*-U- Jan. 21...............................20500
Cedar st (Xo. MI}, n s, 40.4 e AVashington st, -2f) 6
.\.5L Sold................................... nom
.3yth .<Jt. s .s. between IOth av and Hudson Rivi^r,
with water wharf and pier rights. Jlay 2... nom
4th av, e s, 5:3 n IKth st, 78x1.50. April 12....... irQ ooo
Htith St. s s, oOO e 10th av, 50x100.4. 1
Olith St. n s, l'-'5 e KUh av, 1.50x100.4} Jlav 20. . 20 350
Iflth av, e s. 25.1 s t;7th st, 2.5.1x100.)
16th .St. s .s. :300 e Kith av, 2.5x100. Sold........ 8 000
lUthst. n .s. 5'20 w:3dav, I7.IIxI00.ll. Aug. 30.. 4*000
76th .St. ss. 95 e JIadison av,'i'>.vl(>2.2 I c^ „„ '„„.,
77th .st, s s, 95 e JIadi.son av. 25xI0-2.'2. 1 ^^P- â– ^°- • - 5,000
7rth Sf, s s, 1-20 e JIadison av. -25x102.-2. Sep. 30.. 3 -300
5th av, e s. 75.8 n 115ih st. 2.1:3x100. Sept. 26.... 4*000
.5thav. e.s, 100.11 n 115thSt. 2.5.:JxI00. Sep. 26... 3'000
5th av, e s. 126.2 n 115th st. 2.-).:3xlOO, excepting '
triangular oft n e cor. Sep.-26........ 3 000
114th St. n s, 520 w 3d av, 17.11x100.11. Sold. "' 4*500
JIulberry st (Xo. 1-25), e s, 125 s Bavard st, -2.5x '
9i.y. Xov. 13...................-;.. 10 000
63d st (Xo. 3:38), s s. 150 w lst av. 25x100.5."'.'.'.'.'.'.' lO'oOO
5th av, e s, 50.5 n lOOth st, 50x100. Xov. 3......10',000
1877.
11th av, n e cor 95th st, 201.5 to 96 st. x650... 79 000
Sth av, n e cor l-25th st, runs north 75 x east 1(30 '
X north -24.11 x east 25 x south 98.11 lo 12.5th
six west 1-25. Jlarch 27............ j oOO
77th st, s s. 95 e JIadi.son av. 50x1(1-2.2.. | o ,, " '
76th St. n s, 95 e JIadison av, .oOxlO^'.-J. f ^ou\.....16.50
49th st (Xo. 42 E). s s. m e JIadison av. 21.6.\-100 5 22 000
6(!th St.. n s. KK) e llth av. 25xl()0..5. April -28 ' " 8"l00
COth st, n .s, 1-25 e llth .av, 2.5x1^0.5. April 28"'" " 8*500
84lh St. n s. 100 e llth av, 166 to B<uilevard"x '
iionh '-"OLIO to S5ih st, x west ISO.IO x soutii
~01.4................................ 50 75f)
Onth St. n s. 200.1 e llth av. 24.11x100.5 June bo"" .s'eOO
llth a-.-, secor (iOth St. 50.4x100. Sold " o'.542
.\inity st (Xos. 31 Amity and 223 Greene .st.s)' li ''
w cor Greene st, runs west -i5 x north 92 S x
west 25 X norlb 10.X we.st :37.6 x north IOx
east 87.6 to Greene st x south 112.8. Sold " 25 500
14th st, s s. 88 w Av C, 2.50xI03..'i. i . !: ------'
13th St. n s. as w Av C, 250xl03.:3 f â– '^"&- ^8......24025
Broadway (Xo. 9:30), e s. 8-2.2 n Slst st, 20 Ix
12:3.11x19.4x118.6. Oct 2........... 53 500
5th av (Xo. 960). e .s, 82.2 n Slth st. 20x12.5.'also *
right of w-ay through carriage wav adi on
rear. July 27......................; 43 000
10th av. e 8, 94.3 n I37th st, runs east 8:3.3" "i'l" "x '
southwest and south 471.9. cro.ssing ]3fith st
to land late J. Lorillard x northwest 7:39 6 to
10th av X north ;380.6 to beginning. Oct. 29 56 500
Crosbj' st (NOS. 74 and 76), w s, 72.3 n Sprinr st 1
41.11x50.....................
Cro-^ljy st (J^'o- 78), w s. 114.2 n Sprin"g"st;'-i5.2x ' ^^^^
Spring st (Xo. 81). n s," 34.'7" w Crosby" "st", 25'5.x
"3.5.................................
3d av (Xos. 19-25 and 1927), n e cor 106th st, 75 7
xlIO. Xov. 12..................... â– 7500
Jay st (Xos. 16 and 18). s s, about lOo' e Green-
wich st, .50.\S7.6. Xov. 15 ............... 14 000
64th St. n s, 175 w llth av, runs north ioOSx '
west S2.1 to Hudson River Railroad, x south
10L3 to 6lth 8t X east 54.4. Dec. 13.. 8 000
1R4th st, s s, 150 w Sth av, 50.v99.11. ( ^. ''" '
1:3:3d st, n s, 175 w Sth av, 25x99.II. f -^ov. 15 .... 3,000
NEW YORK LIFE IXSDR.\NCE COMPANY.
1875.
l'2'2d st, n s. 80 e2d av, thence east along street
21,5 X northeast 12.5 x north 91,5 x east 71 6
X northwest ls7,3 to I23d st, x west 23 4 "x
south 201,10 to beginning, July 21. , stoaa
2d av, e s, bet 122d aud 12:3d sts, '200.10x80....... sstm
mth st, s s, 228 e Av A. 20x100.10. Sept. 23 '" wmi
•2d av, n e cor 122d st, 100.11 x80 ( . ,„ „" V' ^"'™"
ad av, B e cor 123d st, 100.11x80 {"-^"S' ^*' 6old.l34,000
1876.
.59tli st, n s, 325 e llth av, 25x100
Jlay 25.....
.S.OOO
L.sfiO
ll.IMK)
7.'.'(I0
:30.','(!0
(i.COO
6.51 0
15,000
15,()()0
13th st, n s, 260 e '2d av, 20x100,11. Jlarch 31...
ILth st, ss, .375 e2d av, 50x100.11. Jlav'26......
1st av, w 8, 80.10 s 116th st. 20.x70. Jl.av" 2(5......
3Uh st, s s. 225 w 2d av, 110.\98. May 27.........
4th av, w s, 40 n 1.32d st, 20x75. Julv 11.........
4th av, w s. 80 n l-'Wd st, 19.11x75. .iulv 14......
5th av, e 8,75.8 s SSth st, 25x102, July'7.......
.5th av, es, 50.8sSSth81,2.5x10-2. July 7.....
56th st, s s. 74.6 w (Jth av. '25.6xl00..5. also strip on
e s of lot commencing 2.5.5 s .56th st, 4.(;x
75. Aug. 12.................................. '22.2."0
6:3d St. n s, 95 w Jfadi.son av. '25xI00..5. .-Vug. 12. ll."7.-.(i
9Ist st, s s, 100 e 5th av. 2.5x100.5. Aug. 10...... 6..I0O
Sth av, s e cor 91st st. 25.8xl(H1. Aug. I'2......... 15.0( 0
5th av. e s, 25.8 s 9Ist St. 2.5xl(0. Aug. 12.......13 OdO
.Mb av, e s, ,50.8 s 91st st, 2.5x100. Ang. 12........ 13 0* 0
5ih av, e s, 75.8 s 91st st. 2.5xI0(l: Aug. 10. '..... 1.3,oro
Jlott St. e s. 7.5.8s Hou.ston st, 2.5x86.10. Oct. 9. 13 OOO
Jlott .St. e s, 100.8 s Houston .st, 25x81.3. Oct. 9. 10.0 0
Jlott St. e s. 125.8 s Houston st. 25x.S7.1. Oct. 9. 13 .'.tio
8-2d st, 8 s, 169.6 w-6th av. 16.6x10-2.2. Oct. 13.... 2 4(0
74th st, s .s, 175 e 2d av, 25x102 2. Oct. 31....... 10 iM
93(1 St. n s, 3:50 w 4th av. 70x100.8. Sept. 21
117th St., s s. 173 e Av A. 25x 100.10. Xov. 1..
l-'3:3d st, s s. 95 w 4th av, '20x99,11. Aug 18
5th av, n e cor 65th st, 2.5..=xK!0. Sept -24
.5th av, e s. '29.9 n Olst st. 'ii.lxlOO. Xov. fi.
41 h av, w s, 40 s 1.3.3d st, 20x75. Dec. 9......
4th av, ws, 60 s 13:3d st, 20x75. Dec. 9......
4th av, w s, 80 s 13:3d st, 19.11x7.5. Dec. 9...
1877.
26th St. r 8, 73 w 9th av. 14 6x98.9. Feb. 17.
l'20th St. n s, 2.55 e 3d av, 20x!00. Feb. 21 .
JIadison av, s w cor 7.3d st. 102.2x99.10 | .,, ,.
JIadison av, n w cor 72d .st. ICJ.'ixlOO f.......au liens
.59th St. n s. 200 e llth av. 25x100. April 11......
59th st, n s. 225 e llth av, 2.-xl0f). April 11.....
64th st, 8 s, 45 w Madison av. 2.5x100. Feb. 24...
64th St. s s, 70 w Madison av, 2.5x100. Feb. 24...
76th St. s s, 105 e 3d av, 2.5xin'2.2. April 10......
119th st, n 8, 26:3 e Av A. '20x100, April 10. .. .
120th st, n s. 195 6 3d av, 20x100.10. April 10.....
120th st, n s, 215 e3d av, 20x100.10. April 10.....
I'iith st, s s, 75 e Isb av, 25x100.10. .^pril 10... .
127th st, s s, 191.3 8 6th av, 18.9x99.11. April 10..
1st av, s 8 cor 185th st. 25.10x75. April 10......
Istav, 8 s. 25.10 8 125th st, 25x75. March 31.. ..
1st av, 8 s, 50.10 e 125th st. 2.5x75. Jlarch 31.....
2d av, 8 s, 140.11 n 113th St. 20x80. April 10...... 3,P0fl
3d av, s 8 cor 105th st, 25.2x74. April 10......... 14.(^00
3d av, e s, 50.5 s 105th st, 25.3x74. April 16...... l'2.i ( 0
:3d av, 8 8, 25.2 s 105th st. 2.5.:3x74. April 16...... 12.0* 0
3(1 av, e s. 75.8 s K)5th .st. -2.5.3x74. April 16...... r.'.O' 0
:3d av, s e cor 10.5th .st, 10n.'.ix74. Feh. 1:3, taxes ti,'^ 0(0
5ih av, s e cor 86th st. 25.8x100. April II
120th st, n s, 235e3<l av. 20x100.1(1.!.........'."â– .
12-2(1 St. n s, 1-25 w 1st av. 25x110.11.........
l'2-2d st, n n, 150 w 1st av. 25xl00.ll.....
2il av. necor 122dst. SOxlW.Il. All liens.......
5th av, s e cor 87th st. 25.'2xlt''2. April 16___
5th av, e s, 2.5.2 8 87th st, 25x 10-2.'2. ,\i.ril 16... .. K.iOoO
.5th av, e 8. 50.2 s 87th st. 25xI02.'J. April Ki.. IS (00
JIadison av. w s, 62.2 n g;3d st. 40x94.11. April 20 15.100
116 st, n s, 74 e 1st av.'20.K.S6. Jlav 7............. nom
.5:idst, ns, lOOeSthav. 26XI00..5. "June 8....... 48 MHI
.5Sth St. 8 s, 105 e Lexington av, 20x100.5......... lo'o-25
34th st, 8 s. 258.4 w Sth av. 16.8x98.9. Aug. 6 .... 12 0(0
74th st, 8 s, 200 e 2d av. '25x102.2. Aug. 3 .. ,S 000
l'22d st, n s, 100 w l.st av, 25x100.11. July 26..'... 4:3(10
113th st, n s, 166 e 2d av. '20x100.11. Aug. 15..... 3 000
.58th st (No. 1:38), 8 8. 105 e Lexington av, 20x100.5 10,000
11:3th .st, n 8, 180 e 2d av. 20x100.11. Aug. 15... . 3 WO
Ulthst, ns, 201.6 w AvA, 38.10x100.11....... )
112lh st, n s, 184.8 w Av A. 20.10x100.11........'. „, „,„
ll3th st, s s, 16.3.10 w AvA. 41.8x100 11 f -^LOliO
li:3th Sl, s 8, 2-26.4 vv Av A. -20.10x100.11. j
lllth st (Nos. 425 and 4'27), :i8.l0xl00.in
ll'2th st (No. 4:37), 20.10x100.11......... all liens
113thst(No.-136). 20.10x100.11.........fSep.S
li:3thsfc(No. 430), 20.10x100.11......J
69lh st, n s, 185 e 4th av, 20x100.5. Sep. 7
l.stav. e 3,56.9 s 118th st, 18.11x75. Sep.6..'.'......
JIadison av. w s. 42.2 s 85thst, 60x70....... j-j OOO
l'24th st, 8 8, 118.6 w 1st av, 18x100.11. Sep. 29.. 7"(i( 0
74th st, n 8. 2H0 e 3d av, 25x102. Oct. 24. ^'4m
76thst, ss, 1:30e3d av. Dec. 12.................1:3^000
OERMAKIA LIFE IXS. CO.
187.5.
39th Bt, s 8, 225 w 10th av, 25x98.9. June 10.....$11,500
•3»th st, s s. 375 w 10th av, 25x98.9. July 1.... 12-250
62d Bt, n s. 252 e 2d av, l7xlC4).5. Sold. July 31 5,500
1876.
•39th St. s 5, 375 vr 10th av, 25x98.9. Sold. Mar. 2 12.230
39th st, s s, 200 w 10th av, 25x98.9. Jlarch 11 . 11 750
Beekman pl, e s, 1*20.5 n 50th st. 20x100. Apr. 28 ll'oOO
5ith st, n s, 75 8 10th av. 20x100.5, May 26 10 (00
5-'th st, n s, 55 e 10th av, '20x100.5. Mav 26 . lo'oOO
39th St. s 8, 150 w 10th av, 25x98.9. Aujr 9... 7*600
124lh st, n 8, 207 w 2d av, 20x100.11. Aug. 9 " 9*200
Av A, 6 8, 32^ s 87th st. 16.1x81. Sept. 25..... 8,000
I 39th st, 8 8, 276 w 10th av, 25x98.9. Oct. 9 ... lOO
TSth 8t,l8 B, 194iw Av A, l6.8xl08.JB, Oct. 14... 8,CC0
lo.2ro
4.(M'0
.S..->(K)
26.40(1
2t).IKK)
4.0(0
4.000
4,000
6 3.50
5.000
ii.ono
11.(KX)
12.000
12.050
8.01*0
9.550
o.ino
6.100
6.400
S.OOO
9,200
4..500
3.000
2:3.(00
5.::no
4.(!i 0
. 4.(KiO
. 1.5(10
'..'I.OIKI
26,CC0
17.000
6.000
| Issue list for this volume | Browse all volumes | « previous search result | next search result » |