crown CU Home > Libraries Home
[x] Close window

Columbia University Libraries Digital Collections: The Real Estate Record

Use your browser's Print function to print these pages.

Real estate record and builders' guide: v. 20, no. 491: August 11, 1877

Real Estate Record page image for page ldpd_7031128_020_00000095

Text version:

Please note: this text may be incomplete. For more information about this OCR, view About OCR text.
Real Estate Record AND BUILDERS' GUIDE. Vol. XX. NEW YOEK, SATURDAY, AUGUST 11, 1877. No. 491. Published Weekly by die %ml (Estate Mnaxti %^%ocmimx. TERMS. blVE VEAR, in advance....$10.00. , Communications should be addressed to C. ^V. SW^BET, Nos. 345 AND 347 Broadway. market review. REAL ESTATE MARKET. There is lifcfcle of momenfc to report in the Real Es¬ tate markefc. Owing fco fche absence of so large a number of capifcalisfcs and operafcorsjf rom fche cifcy, and the meagre attendance at the Exchange, the adjourn¬ ments were frequenfc and numerous. The fcofcal fcrans- acfcions reached only fchirfceen. The five-sfcory brick College building, and fchree lofcs, each 25x98.9, known a Nos. 238, 230 and 232 Wesfc Forfcy-second sfcreefc, were sold fco fche plainfcifE's afcfcorneys for $60,156, and the plaintiff in the action bought the five-story brick store oa the south side of Sixteenfch sfcreefc, 138 feefc wesfc of Avenue C, for $12,075. The recorded transacfcions show the transfer of the six-story factory, with lot, situated on the northwest corner of Canal and Mott streets, and the six-story factory, with lot, known as No. 99 Mott street, for $67,.'i00 ; also twelve vacant lots on the south side of Sixty-second sfcreefc, two hundred and flffcy feefc wesfc of Ninth avenue, for $42,000, the amount of the mort¬ gage existing on the property. The flve-story brown stone fronfc house, wifch lofc (20x115) and sfcable in fche leais'sifcuated on fche easfc side of Fiffch avenue, twenfcy- fcwo feet north of Eighty-fourth sfcreefc, has been con¬ veyed fco Mrs. Joseph Bell in consideration of the sum of $80,000. About flffcy per cenfc. of fche amounfc of loans secured by morfcgages which were recorded during the week, bear interest afc six per cenfc., among which will be found a loan by fche Seaman's Saving Bank for $60,000. Two loans have been made at the rate of fl^eper cent., one for $4,000 running for the period of seven years, and fche ofcher for $11,000, due five years from dafce. The operafcions of fche BuUding Deparfcmenfc are characterized by exfcreme stagnation, and we regret fco record fche facfc that for the week ending Aug. 9, 1877, only six plans, embracing seven buildings, have been filed in the office of the Superintendenfc. The esfcimated cost of the whole number amounts fco only $39,300. The subjoined fcable shows fche number of deeds and mortgages filed for record wifch the Register of fche Cifcy and Counfcy of New York, during the six days ending August 7,1877, and the ainounts involved : Amoimt. 142 Deeds, maU....................,......... $1,337,466 40 Nominal deeds.......................... nom. 17 Referee'deeds.....'..................... 151,276 27 Deeds, in 23d and 24th wards........... 72,750 M0RT6A6ES. 104 Mortgages............................... 788,646 26 Mortgages, at 6 per cent............... 383,000 10 Mortgages to Trust and Insurance Co.'s il3,500 The foUowing are the sales at the Exchange Sales¬ room for the week ending Aug. 9: Church st. No. 215, e s, 75 n Walker st, 1 flve- story brick (stone front) warehouse, with lease of lot, 25x75; leased May 1, 1867; term, 21 years; ground rent, $3,000 per an¬ num, to Martha E. Knox (plaintiff)........ $500 Madison st. No. 390, s s, 100 e Jackson sfc, 1 four-sfcory brick dwelling and sfcore (fronfc). and 1 fchree-sfcory brick dweUing (rear), 21.10x95.8, to Hiram B. Blauvelt (exr, and plainfciff).................................... 5,000 Macdougal sfc. No, 35, w s, 55 s Wesfc Washing¬ fcon pi, 1 four-stoi-y brick (stone fronfc) dwel¬ ling, 27.6x128. fco Edward Goldschmidfc (for plaintiff).................................... 20,000 16th sfc. No. 648 Easfc, s s, 138 w Av C, 1 five- sfcory brick sfcore and dwelling (front), and two-story brick stable (rear), 25x103.3, fco Samuel CardweU (plainfciff)................ 13,130 33d sfc, No. 409 Wesfc, n s, 150 w 9fch av. 1 fchree- sfcory brick dwelling, 12.6x98.9, fco Alberfc Smith....................................... 5,605 42d st, Nos. 228 to 233, s s, 325 w 7th av, 1 five- story brick college building, 75x98.9, fco Couderfc Bros, (plainfciff's afcfc'ys)........... 60,156 48fch sfc, No. 350 Wesfc. s s, 175 e 9fch av, 1 fcwo- sfcory frame dwelUng, 20.2x101.6x5.6x100.5, to Henry Dane (plainfciff)................. 4,000 SOfch sfc, No. 400 Easfc, s e cor Isfc av, 1 four-sfcory brick (sfcone front, mansard roof) dweUing, 20x90. to G. A. McMurfcry................... 8,885 74fch sfc, n s, 200 e 2d av, 1 four sfcory brick fcene- menfchouse, 25x103.2. fco Thomas F. HaU.. 10,200 83d sfc. n s, 368.9 e 9th av, 1 three-story brick dwelling, 18.9x102.2, to John Hartf>U..... 4,650 81th st, n s, 225 e 10th av, three-sfcoiy frame dwelling, 50x102.2, fco G. H. Poole. (Sub. fco all incumbrances).......................... 650 105th sfc, No. 203 Easfc. n s, 63.4 e 3d av, 1 two- sfcory frame dwelling. 17.1x80.8, to Pang- burn & Adams (plaintiffs).................. 2,110 129th St. s s, 275 e 7th av, 25x99.11, to Wm. V. S. Beekman (exr. and plaintiff)............... 1,400 Total.................. ....................$136,186 ----------<-«-»---------- BKOOKLYN, N. Y. In the City of Brooklyn, Mr. I. F. Bissell has made fche foUowing sales for, fche week ending Aug. 8: Congress sfc, n s, 51.8 e Hfeks sfc, 82x60, to John Gianella (plaintiff). (Morts. $1'600)........ $2,500 Degraw st, s s, 120 w 6th av, 20x100, to James Brady (plaintiff)............................ 5,000 Hampden St. w s, 75.10 s Park av, 10.4x80.1x l().llx58.3, to Sarah Ann Wyckoff (plain¬ tiff)......................................... 3,000 Harrison st, n s. 288 w Columbia sfc, —x95, fco Geo. F. Trippe............................ nom Pulaski sfc, 376 e Sfcuyvesanfc av, 26x100, fco Sfce¬ phen R. WUUams (plainfciff).........:...... 2,500 Raymond sfc, e s, 50.1 n Bolivar sfc, 92.7x81.11, fco Jaques (jorfcelyou (plainfciff)............... 3,000 Isfc sfc, n w cor Norfch llth st, 100x100, to Samuel WUlets..................................... 13,700 2d pi, s s, 187.6 e Courfc sfc. 18.9x138.5, fco Home Life Ins. Co. (plainfciff)...................... 4,000 17fch sfc, s s, 150 w 7fch av, 25x100, fco Julia P. Fosfcer (plainfcUf)............................ 1,000 De Kalb av, n e cor Sfcuyvesanfc av, 125x800 fco Pulaski sfc, 6 lots, to J. M. Phelps and K. Egan...................................... 5,750 MetropoUtan av, s s, 375 e Bushwick av, 25x 100, fco Sarah Roe (exfcrx. and plainfciff)___ 1,500 Ufcica av e s, 92.9 s Herkimer sfc, 23x100, fco George Dietrick (plamfciff).................. 1,000 3d av, s e s, 88 s w 15th sfc, 83x76, to Thos. Mc¬ Comb (plainfciff), (Morfcs. $4,000),........ 4,250 3d av. e s, 44 s w 16fch sfc, 22x75, fco John and WiUiam M. WiUis (fcrusfcees and plainfciffs). 4,500 5th av. e s, 60 s 9th st. 14x80x26x20x40x100, fco S. L. Vanderveer (plaintiff)................ 3,000 Brooklyn and Jamaica plank road, n s, 450 w Patchen av, 50x38 to Bainbridge st, to Ja¬ cob S. Hallefct (plaintiff).................... 250 Total..................................... $54,950 BUILDING MATERIAL MARKET. BRICKS.—On common hards fche markefc has shown a slow, dragging fcone, and did nofc appear fco give much safcisf action to any portion of the selling inter¬ est. Manufacturers, at their regular meeting, direct¬ ed that former prices be obtained, and nominally there was no change in values during the present week, but fixing a price on goods and getting buyers to submit to that price, are quite different matters. Sales have been made in aU probability at extreme flg;ures of quotations, but they were fche excepfcion, a,hd as the necessity of fche case gave agenfcs a certain amount of discretion,which has been liberally used, few desirable customers were aUowed to depart if qiiiet, Ufctle favors would secure their orders. There has been no shading, however, calculated to attract demand beyond the immediate consumptive necessi¬ ties of the moment, and the outlet offered was enfcire¬ ly disproporfcioned fco the arrivals. Indeed, the amount afloat awaiting a market has been very lull at all times, and at the close holders were commenc¬ ing fco grumble a lifcfcle over fche accumulafciug expen¬ ses, with occasional intimations of cutting l.)Ose from combination confcrol. Pale brick have been quite difficult to place, but nofc unusuaUy plenfcy. Fronts remain about as before on values, but slow of sale and withoufc much tone. We note thafc several cargoes of brick are aboufc loading afc Cold Spring, L. I., for St. Johns, N. B., at $3.00 per M freight. We quote: Pale, per M. $2.50@2.75; Hards, Up-Rivers, $4.0ft®4.50 ; Haverstraw bay, $4.75®'5.25 ; Favorite brands, $5.50@6 ; Fronts, Crofcon—brown, $8; dark, $9; red, $10; Philadelphia, $2.3@27; Balfcimore, $34® 38. Yard prices, delivery included, $2@3 higher on ordinary and $5@6 on f ronfcs. GLASS.—Business has again been only fairly acfcive afc the besfc and confined fco such small orders as would safcisf y fche mosfc urgenfc wants. Indeed the market is a disappointing one, and dealers generally are inclined fco find faulfc. The terms offered are figured down to the lowest point possible and not make actual lo.ss, while even this has nofc afc all fcimes been considered when it was desired to secure a good customer, but as a rule the temptation has not proven sufficient to move any considerable amount of stock. American glass is about as dull as the foreign, and is fco some ex¬ tent nominal on value, fchough buyers as a rule have the advantage, There is thought to be a fair pros¬ pect for the fall fcrade, especially on orders from the interior. HARDWARE.—Neither ] the amounfc of business doing nor fche general condifcion of the markefc is cal culafced fco give full safcisfaction to dealers. Buj'ers are reaching out toward sfcocks in various ways, fchrough travelers' mail orders, and personal inspec¬ tion, bufc wifch fche old careful fcone and fail fco afford a movement of encouraging proportions. Values, too, have been shaded and shaded until down to a bare living inargin, and current prospects are not favor¬ able for a reduction. Still the interest shown, as noted above, leads fco some hope for fche fufcure, and an underfcone of faifch in a good fall trade occasionally reveals ifcself. We hear of no recenfc changes on cosd of a positive character, bufc nofce continued irregu¬ larity on Locks and Cast Butts. Horse and mule shoes have made a slight advance. LATH.—There has been no change ^of a radical character since our lasfc wrifcing, indeed the market has preserved a very uniform tone. In one instance there was a momentary shading of cosfc, under some¬ whafc undue hasfce fco realize, bufc a quick recovery followed, aud afc $1.55 per M mosfc of the operafcions were consummafced. Stocks in the second hands are for fche time being fair, but nofc fuU, as the amounts afloafc here and expecfced to arrive are moderate, re¬ ceivers continue in a confident mood. LIME.—Business stiU rafcher slow, wifch evidences of much caufcion on fche parfc of all buyers. Bufc fche fcen- dency of fche markefc is fco gain fcone and former rates are quoted as sfceady. SuppUes have been moderafce. and the offering is nofc Ukely to greatly increase until a place for the stock has become pretty weU assured. LUMBER.—We find no change of a veiy decided character ou the markefcs. In exceptional cases dealers appear prefcfcy well safcisfled wifch fche amounfc of business fchey are doing, bufc where we find one re¬ port fcaking a cheerful or encouraging tone, fchere is a dozenof a contrary nature, and a Uberal addition to the demand would have to be made to infuse a general appearance of activity. In nearly aU cases, too, buyers show a nice idea of quaUfcy, and the diffieulfcies encounfcered over an attempt to dispose of undesir¬ able goods gives rise fco frequenfc complaint. Building wants do not appear to run much beyond the average afc presenfc, fche consumpfcion for manufacturing pur¬ poses is only fair, and export orders without large volume and for many outlets confined to parcels re¬ quired to flU freight room. Exceptions to the lafcter rule are to be founa, however, and we understand that recent shipments to the Easfc Indies, with other parcels now about loading, go oufc on special and direcfc orders, and wifch a shown margin for profit. Ordei-s for shipments from ports on the coast, especi¬ ally South, are being received to a moderate extent. Eastern Spruce continues under very fair manage¬ ment, and a show of steadiness is as a rule preserved. Buyers, without manifesting any undue anxiety to secure stock, and rather passing entirely cargoes of