Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 20, no. 493: August 25, 1877

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Real Estate Record AND BUILDERS' GUIDE. Vol. XX. NEW YOEK, SATURDAY, AUGUST 25, 1877. No. 493. Published Weekly by Clje %ml Estate Sf ta.i:tr S^ssodatiaii. TERMS. ONE YEAR, in advance....$10.00. Communications should be addressed fco C. W. SWEET, Nos. 345 AND 347 Broadway. MARKET REVIEW. REAL ESTATE MARKET. The fcransactions during the week, bofch public and private, were lighfc. The offerings afc fche Exchange Salesroom were unimporfcanfc in characfcer, and the sales actually consummafced amounfced to eighteen only, the aggregate sum realized thereby footing up $ 156,148. The recorded deeds disclose no operations of magnitude afc privafce bargain, and fche general mar¬ kefc may be characterized as apathetic. Fourteen sales are announced for the coming week, among them the twenty-four lots on the northeast corner of One Hundred and First street and Third avenue, and twelve lots on fche soufchwesfc corner of One Hundred Second sfcreefc and Second avenue. On AVednesday nexfc BIr. Harnefct will offer for sale the property situ¬ ated on the soufcheasfc corner of Sixfch avenue and Thirty-fiffch sfcreefc, consisfcing of five four-story brick (stone front) sfcores and dwellings, known as Nos. 586 fco 594 Sixfch avenue, and fche fcwo fom--sfcory dwellings known as Nos. 72 and 74 AVesfc Thirfcy-fiffch sfcreefc. The amounfc of loans, bearing infceresfc afc six per cenfc., secured by mortgages and recorded during the week aggregates §183,200. There is included in such amounfc a purchase money morfcgage for $45,000. _ The fcend- ency fco a sfcill lower rafce of interesfc is evidenced by the fact fchafc occasionally a five per cent, loan makes its appearance, ahd in the published list of morfcgages a loan for fche sum of $10,000 bearing infceresfc afc thafc rafce will be nofciced. 'As compared wifch the operations for fche previous three weeks, we nofce an increase in fche numher of plans filed with fche Superinfcendenfc of fche Deparfc¬ menfc of Buildings. For fche week ending August 24, 877 fourteen plans, embracing twenty-seven build¬ ings, were lodged in the office of that Department, fche esfcimated cosfc of their consfcruction amounfcing fco $168,550. The subjoined table shows the number of deeds and mortgages filed for record with fche Regisfcer of fche Cifcy and Counfcy of New York, during fche sis days ending August 21,1877, and fche amounfcs involved : Amount. 84 Deeds, in aU/................................$722,v40 19 Nominal deeds............................. nom. 14 Referee' deeds............................. 131,1.^0 14 Deeds, in 23d and 24th wards.............. 25,910 MORTGAGES. 83 Mortgages.................................. 630,090 18 Mortgages, afc 6 per cenfc............ ...... 183,200 1 Morfcgage, afc 5 per cenfc.................... 10,000 19 Morfcgages to Trust and Insura,nce Co.'s... 216,000 The foUdwing are fche sales afc the Exchange Sales¬ room for fche week ending Aug. 23: Baxter sfc. No. 33, e s, 85.2 n Park sfc, 1 five-sfcory brick double fcenemenfc and store, -25x100.6, to Francis F. Robins (plainfcUf)............ $14,600 Perry sfc. No. 16, s s, 195.8 w Greenwich av, 1 three-sfcory brick dwelling, 22x95, fco Regina Gufcman (plainfciff) •• •-•..................... 11,000 Sth st (.^o. 44 St. Marks pi), s s, 125 e 2d av, 1 four sfcory brick (sfcone fronfc) dwelling, 25x ^ -, to Moses Sfcern.......................... 22,663 14fch sfc, No. 519 East, n s, 266 e Av A, 1 six- sfcory brick sfcore and dweUing, 25x103.3, fco Alonzo Van Deusen (plainfciff)............. 12,980 20fch sfc, No. 418 Easfc, s s, 239.6 e Isfc av, 1 four- sfcory brick sfcore and dweUing, 20x92, fco AValfcer Sparks (plaintiff)................... 5,200 20fch st, s s, 190 e 2d av, 1 three-story brick house, 20x92, to George Reichardt (plain¬ fciff)....................................... 8,060 24fch st, No. 3-20 East, s s, 268.4 e 3d av, 1 three- story brick and frame stable, with lease of lot, 24.4-X98.9, to J. M. Smifch (plainfciff)..... 3,000 39th st, No. 524 AVesfc, s s, 350 w lOfch av, 1 five- story brick tenement, 25x98.9, fco John AVafcson (plaintiff)........................ 6,500 51st st, Nos. 425 and 427 Easfc, n s, 235.8 e Isfc av, 2 three-storv brick (stone front) dwellings, .33.4x100.5, to Rudolph G. Salomon (plain¬ fciff).......................................... 15,850 52d sfc, No. 159 Easfc, n s, 120 w 3d av, 1 five- sfcory brick sfcore and dwelling, 25x100.5, fco Henry J. BurcheU (plaintiff)............... 13,930 55fch sfc, s s, 325 w 6fch av, 25x100.5, fco John E. Taylor (fcrusfcee and plainfciff).............. 5,700 55fch st, s S, 350 w Oth av, 25x100.5, to AVm. C. Dornin (guard, and plaintiff).............. 5,500 55th st, s s, 375 w Oth av, 25x100.5, to Catherine S. Blorell (plaintiff)......................... 4,500 57th st, No. 445 Easfc, n s, 145.5 w Av A, 1 fchree- sfcory brick (sfcone front) dwelling, 18x100.4, to TJnion Dime Savings Inst, (plaintiff)___ 8,700 71sfc sfc, s s. 100 e 2d av, 50x100.4, to Helen Lang¬ don (plaintiff).............................. 2,000 83d st, n s, 350 e Oth av, 1 three-story brick dweUing. 18.9x102.3, to Michael J. Kelly... 5,375 87th sfc, n s, 125 w 3d av, 50x100.8, to Anna Ofc- tendorfer................................. 6,110 lOfch av, e s, extdg. from 305fch fco 206tli sfc,) 199.11x400.............................. V 9fch av, s w cor SOOfch st, 99.11x100...........\ to G. H. Peck et al. (plaintiffs)............. 4,420 Tofcal....................................... $156,148 ----------------«~»->^-----.---------. BROOKLYN, N. Y. In fche Cifcy of Brooklyn, Mr. I. F. BisseU has made the following sales for fche week ending Aug. 22: Afclanfcic sfc, s s, 246.9 w Courfc sfc, 21.9x80, fco Carl Voighfc (plaintiff). (Blorts. $7,000) .... • $9,500 Fulton st, s s, 100 w Nosfcrand av, 200x90, fco Wm. H. Chapman (plainfciff)...........___ 25 Madison sfc, n s, 262.6 wTompkins av, 18.9x100, fco Ellen H. Tompkins (guard, and plain¬ fciff)......................................... 4,000 Presidenfc sfc, s s, 192 e 7fch av, 25x100, fco Henry D. Polhemus (plainfciff)................... 5,TO0 HamUton av, n e s, 235.1 n 14th st, 26x88.3x22x 74.5. to AVm. F. Johnson (plaintiff).......... 2,500 Schenectady av, ws, 93.6 s Paciflc st, 18.9x100, to Elizabefch Taber (plaintiff).............. 50 South Carolina av, s s, 50 e Barbey sfc, 25x100, fco fche East New York Savings Bank (plain¬ fciff)........................................ 1,700 Throop av, w s, 75 n Gerry sfc. 25x100, fco John BL Aimesfplaintill)....................... 2,500 Tompkins av, e s, 60 s AVUIoughby av, 20x100, fco Robinson GiU. (Morts. $-2,500).......... 3,000 5th av, n e cor lOtli st, 20x75, fco Chas. Kohle- beck...................................... 7,425 Tofcal....................;................. $36,400 BUILDING MATERIAL MAREIET. BRICKS.—A more or less doubfcful condifcion of affairs continues on this market withoufc, however, fche evidences of much fcendency in favor of fche im¬ mediate gain of strength. Consumption of hard brick has been sufficient since mid-summer to exhaust a goodly amounfc of stock, and is sfcill as a rule fair, but fails fco come up fully fco expecfcations, or even to calculations and arrangements, and the disappoint¬ ment has a depressing influence. The formation of a combination among manufacturers too, has un¬ doubtedly proven injurious to the healthy condifcion of fche markefc, as buyers nafcUraUy objected to a dicfcafced price, notwifchsfcanding ifc may have appeared cheap, and sfceady resistance generated an unsettled tone at all fcimes. Manufacfcurers now fcalk more gener¬ ally aboufc shutting down on the production on the plea of actual loss, bufc fchis movemenfc wUl have to cover the majority of fche yards fco prove successful, as certain makers have had a margin fchroughoufc, and are nafcurally nofc over anxious fco cease work before frost especially as fchey have nofc made much of an accumu- ■jlafcion for sfcock. The week's business.on our market on Common Hards has been slack, "^and we quofce everyfching off aboufc 50c. There are no Up-River's selling above S5, wifch fche excepfcion of a single brand, which is sfcill. quofced afc $6. AVe make $5 an exfcreme figure, fcherefore, for everyfching bufc fchis one excep¬ fcion. AVe quofce: Pale, per M. $2.50@3.75; Hards, Up-Rivers, $3.50@4.00; Haversfcraw bay, $4.00@4.50; Favorifce brands, $4.75@5 ; Fronfcs, Crofcon—brown, $8; dark, $9; red, $10; Philadelphia, $23@27: Balfchnore, $34® 38. Yard prices, delivery included, $2@3 higher on ordinary and $5@6 on fronfcs. GLASS.—Foreign shows a moderafce degree of ani- mafcion which a porfcion of fche Trade are inclined fco consfcrue as quifce encouraging, ofchers, however, can see nofching good in fche market and adhere fco the feeling of discouragemenfc so long currenfc. The previous small sales, however, Ught assorfcmenfcs in the interior, and the season of fche year lead naturally to a hope of increased orders, and especially in view of a disposition to keep terms easy. American is selling fairly we understand, and has for some little fcime fcended toward an increase, with manufacfcurers and dealers generally looking for full as good fcerms as herefcofore, wifch an efforfc now and fchen for some- fching a fcrifle befcfcer. HARDAVARE.—The demand is befcfcer in many cases and ifc is becoming more common fco hear dealers rt" porfcing a comparatively good fcrade,-wifch every indi- cafcion of a further addifcion. The distribution to the infcerior is general on assortmenfc, so far as whafc may be termed standard and useful goods, bufc ignores prefcfcy much everyfching in fche fancy Une. The lafcter sells to some extent on local account, but not freely, and our city consumpfcion also tends largely to regu¬ lar goods, of which builders' hardware forms a large proportion Exporfc orders are nofc quite so plenty, bufc sfcill are received fco a fair extent, and dealers say fche demand is simply undergoing a nafcural liUl. Generally values are wifchoufc radical change, but the tendency is easy. LATH.—Many receivers entertain prefcfcy fuUnofcions for lafch, and have ideas fixed upon exfcreme rates on fche fall fcrade. Ifc is expecfced fchafc local consumption will require 'a prefcfcy Uberal fcofcal againsfc which dealers are only scantily prepared, whUe producfcion and shipments are to complete the programme by keeping within narrow compass, an easy matter ifc is claimed, owing to the late drought. Buyers, however, can seldom be found to operate beyond present wants; building projects are nofc as yefc assured fco any exfcenfc, while many sfcrucfcures are of a class con¬ suming no lafch at all. Predicfcions of scarcifcy and the cause fchereof have become such regular features just before the setting in of fall business, that buyers seldom manifest more interesfc on fche subject than to ascertain what new embellishments are added to the sfcory for fche currenfc year. Since our lasfc reporfc the market has been fairly acfcive, and rates have been sfciffened a fcrifle by some holders wifchoufc mafceriaUy advancing the quotable range. LIME.—The offerings of Easfcern continue moder¬ ate and somewhat indifferently made, and receivers say must continue so untU the margin is increased. Manufacturers keeps a few kilns going to satisfy fche consumption nearer home, and accommodate customers in fchis direcfcion wifch a few cargoes from fche surplus, fche rafces received barely lefcfcing fchem out whole afc any fcime. Everything is ready, however, to increase production whenever there is a chance for profit, with some indications fchafc currenfc fcendencies are fcoward this result. Demand is more general and quicker, and there is a promise of stUl further in¬ crease, with a few buyers willing to contract for stock ahead of arrival. State lime sympathizes in tone with Easfcern, and meets with a good fair demand. The quoted rates have nofc changed, and holders continue firm. LUBIBER.—Neifcher in fche way of a caU for re-dis- fcribufcion fco consumers, or for parcels to pile oufc for sfcock, does fche demand increase fco any extent, and the general market at fche besfc shows only a moderately acfcive tone. Many of our refcaU dealers, possibly fche majority, are in possession of only a moderafce ac- eumulafcion, and indeed some are reaUy scanfcUy sup¬ plied, yefc fchere is an indifference aboufc maldng good deficiencies which indicafces an absence of alarm re¬ garding fche immediafce future, and an evidenfc in- fcention fco buy nofching beyond posifcively shown necessifcies. The interior markefcs give token of a somewhat reviving trade, and from many secfcions fche reports are quite hopeful, based on a beUef that the bountiful harvests wiU pufc funds infco the hands of ' the agricultural population to a sufficient extent to