Please note: this text may be incomplete. For more information about this OCR, view About OCR text.
Real Estate Record
AND BUILDERS^ GUIDE.
NEW YOEK, SATUEDAY, FEBEUAEY 7, 1880.
Published Weekly by
ONE YEAR, in advance.. ..SIO.OO,
Communications should be addressed to
C. MV. SWEET,
Nos. 135 AND 137 Broadway
The regular lists of Conveyances of Real Estate,
Jlortgages and other statistical records are so large
this week that we are compelled to lay over all ediÂ¬
REAL ESTATE MARKET.
2^Â° For list of tots for sale seepages iv and v of
Tliee were some sales of considerable interest at
the Exchange during the week. Among the foreÂ¬
closures were the VVitthaus houses, Nos. 6, 10 and 12
East Twentieth street, near Fifth avenue,* the three
buildings being knocked down at $80,000 to the plain-
tiff.s in the suit. On Tuesday Mr. Bernard Smyth
sold in partition three lots on the south side of
Ninety-third street, 100 feet east of Tenth avenue.
for Si),200, to Lespinasse & Friedman. These gentleÂ¬
men have since-resold these lots at private contract
for Â§11,000. Thursday's partition sale conducted by
Mr. Harnett, was very largely attended, Mr. Smith
Ely, Jr , securing a five-story brick store and
dwelling on the east side of Third avenue, near
Thirty-fourth street, for 5-21,000. The Lexington
avenue and Fortieth street property, disposed of at
the same sale, also brought very fair prices.
There, was a lively interest in the sale of the
Boulevard lot near One Hundredth street yesterday,
and after some tardy, in some respects childish, bid-
fling, Mr. Seaman knocked it down at 86,500 to Messrs.
Le.spinasse & Friedman, who bought the lot for Mr.
N. D. Higgins.
In Brooklyn, on Wednesday, four lots on the
southwest corner of Bedford avenue and Ross street
were sold at auction by Mr. Edward McLaughlin for
GOSSIP OF THE WEEK.
Extraordinary activity continues to be the leading
fearure of the various brokers ofBces, and it is diffiÂ¬
cult even to keep track of the numerous reports of
sales that reach us'trom all quarters. We again
repeat here that we only publish those sales that are
authoritatively vouched for, and designate rumors as
such in every instance. Of the latter class the
market, of course, is unusually full just now. The
negotiations for the hotel property on Fifth avenue,
between Fifty-eighth and Fifty-ninth streets, are
said to be progressing rapidly. Common report has
it that.a clique of California speculators, among
whom Senator Jones of Nevada is the shining light,
will ultimately succeed in purchasing thia eligible
property so as to include the entire block from Fifth
to Madison avenues, and erect thereon a hotel that
will eclipse in splendor a*nything of this kind now in
existence, either ia this country or Europe. As
considerable interest is attached to this transaction
we can authoritatively state that up to the hour of
going to press with this edition no sale has been
effected and that negotiotions are still pending.
Three lots on the south side of One Hundred and
Thirty fifth street, west of Fifth avenue, have been
purchased, by Mr. James Thompson for $.3,.'S00 each.
Eleven lots on One Hundred and Sixteenth and One
Hundred and Seventeenth street, between New and
Ninth avenues, have been sold to Mr. J. M. Pinckney
at $2,500 each.
By reference to our columns of transfers it will be
seen that Mr. Nathan J. Newitter has bought three
lots ou Ninety-eighth street, 125 feet east of Fifth
avenue, for $4,500 each. We simply call attention to
this transaction for the purpose of stating that these
identical lots were sold in 1872 for $11,500 each. The
purchaser, of course, feels contented at his bargain,
and, while in the effort to steer the boom right ahead,
he has <1eclined an offer of $15,000 each for two lots
on Fifth avenue, 50 feet south of One Hundred and
If'irst street, for which he paid only one year ago
The sale of Seventy-ninth street lots, alluded to in
one of the daily papers, has been incorrectly reported.
Messrs. L. & I. Phillips closed the contract for these
lots, which are on the north side of Seventy-ninth
street, 150 feet east of Fifth avenue. There were six
of them in all and they were sold at $30,000, not
Â¥84,000, apiece to Mr. Jacob Campbell, President of
the Pacific Bank.
Ihree lots on the southwest corner of Seventy"
ninth street and Ninth avenue were sold at private
contract during the week for $16,16) to Mr. Christian
Blinn. The circumstances surrounding this transacÂ¬
tion caused a good deal of comment in the street
during the week, owing to the fact that Mr. Burling,
who had charge of these lots and conducted the negoÂ¬
tiations successfully with Mr. Blinn for a number of
weeks, was suddenly ignored by the buyer for the
simple reason that he happened to be out of his office,
while engaged in other transactions, for about a half
hour, just as Mr. Blinu made up his miad to close the
contract. Pine street, just now, is exceedingly
anxious that the rights ot brokers should be protected
on all occasions, and during the present revival of
business it is but fair for builders and buyers to
Mr. John A. Monsell has purchased fifteen lots on
One Hundred and Eleventh and One Hundred and
Twelfth streets, between Seventh and Eighth avenues,
for $41,350. In 1871 Mr. Edward J. King bought these
lots for $40,100. They now average Mr. Monsell $2,750
apiece and he holds them at $3,50U. Five months
ago Mr. Monsell purchased ten lots in the rear of
those he has just secured for the same amount.
Along the line of the Eighth avenue there has also
been considerable activity during the week, and
many sales there have been consummated at private
contract. Mr. Bird, the hatter, and Mr. Arkenbergh
have jointly sold the two lots on the northwest corner
of Eighth avenue and Eighty-first street, also two
inside lots for a total sum of $72,000â€”the price for the
inside lots being figured respectively at $14,000 and
Three lot.=! on the west side of Eighth avenue, beÂ¬
tween Sixty-fifth and Sixty-sixtn street, have been
sold for $45,000 during the week, and the northwest
corner of Eighty-eighth street and Eighth avenue,
50.4x100. has been sold at private contract for $28,000.
Mr. Edward Clark, also has secured more Eighth
avenue property. He has just purchased eight lots
on the northwest corner of this avenue and Eighty-
fifth streetâ€”four lots on the avenue, and four in the
rear v/ith an additional street gore for $95,000.
.There is also great activity in lots between Eighth
and Ninth avenues, all the way from Sixty-fifth to
Seventy-seventh street, because as yet they are conÂ¬
sidered cheap n comparison with east side lots. Some
of them can be had yet at $6,i500, but it now looks as
if there is to be soon more of an equalization of values
between these west side and the booming east side
lots, near the Madison avenue line.
Mr. Simeon Stern, the lawyer, has purchased the
northwest corner of One Hundred and Sixth street
and Fifth avenue, one lot on the-avenue and two on
the street, for $25,000. Six months ago these lots
were bought for $16,000.
Lespinasse & Friedman have sold at private sale
the four lots on the northeast corner of One Hundred
and Twenty-seventh street and Seventh avenue, 100
xUO, for $24,000, to Mr. W. H. Kelly.
One lot oa the southeast corner of the Boulevard
and Seventy-second street, 25.8x100, was secured yesÂ¬
terday by a well-known buyer for $17,500.
Coles & Heiser have sold during the week, at private
contract, the plot of nine lots on the southside of
Ninety-third street, between Eighth and Ninth avenÂ¬
ues, for $45,OGO.
We note the following private sales of improved
property during the week: V. K. Stevenson, Jr., has
sold the four-story high stoop brown stone residence,
64 West Fifty-third street, 20x55x100, for $30,500. to
Mr. A. H. Brown; also the four-story brown stone
high stoop dwelling, 20x65x80, No. 768 Madison aveÂ¬
nue, near Sixty-sixth street, for $28,500, to Mr.
Thomas Hindley. Messrs. Hine & Gray have sold
for Mr. Charles Johnston,.the store and dwelling, No-
564 Second avenue corner Thirty-first street, for
$11,900, to Mr. James CarroU. Falconer & Son report
the sale of the four-story brown stone English baseÂ¬
ment house, 236 East Twelfth street, for $10,250.
Gilbert Smith & Co. have made the following sales
on private contract: Two of those elegantly cabinet-
trimmed houses fronting Central Park, on Fifth
avenue, near Eighty-fourth street, with 125 feet lot
and stable, for $50,000 each. The two brick stores
and dwellings on southwest corner of Eighth avenue
and Thirty-second street, for .$45,C0t).
Mr. W. R. Grace, the sugar refiner, purchased 230
acres of Staten Island property, opposite Elizabeth-
port, with about 1,800 feet water front, for the purÂ¬
pose of erecting thereon a large sugar refinery. The
property belonged originally to Mr. Bowman, on
whom ic was foreclosed last month, when the encumÂ¬
brances thereon amounted to abeut $100,000. fllr.
Grace, who has just purchased it at private contract,
is said to have secured it at a very low figure, but
notwithstanding repeated efforts on our part, Messrs.
Coudert Brothers, the attorneys for Mr. Grace, deÂ¬
cline to furnish the exact particulars of the transacÂ¬
tion. Mr Bowman, the original owner of thepropÂ¬
erty has since assured us that last month's forecloÂ¬
sure sale was a sort of snap judgment, and he claims
that furthor litigation will ensue before Mr. Grace
cau take possession.
We are now in possession of full particulars of the
purchase of the Highlands of Navesink, by a party
of gentlemen. It appears that some time ago this
association was formed under the title of the Nave-
sink Park Company, with the followiug directors :
Henry Hilton, President, Henry Morgan, E. A. OsÂ¬
borne, and R. A. Francis. The capital stock of
$175,000, is held by some thirty to forty well-known
gentlemen, among whom are in addition to the above.
Samuel D. Babcock, John A. Stewart, and Henry M.
Alexander. The management intend to engage the
best engineering talent obtainable, and make this
Parkâ€”as its location entitles it to beâ€”the finest famiÂ¬
ly seaside resort in America.
BUILDING IN JANUARY.
The following figures show the actual increase and
cost in the number of buildings embraced in the
plans filed at the Department during the past month
compared with the corresponding month of last