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Real estate record and builders' guide: v. 20, no. 486: July 7, 1877

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Real Estate Record AND BUILDERS' GUIDE. Vol. XX. NEW YOKK, SATURDAY, JULY 7, 1877. No. 486 Piiblished Weekly by TERMS. ONE YEAR, in advance....$10.00. Communications should he addressed to C. -W. STITEET, Nos, 345 AND 347 Broadway MAEKET REVIEW. REAL ESTATE MARKET. The market presents few features for remark. It being customary to avoid selecting a day during a holiday week for the ofEering of property, by auction, the sales were limited and unimportant. For the coming week, however, the advertised list of sales, as appeal's elsewhere, will be unusually heavy. Such property as would probaWy have been offered for sale during the present week, had no holiday inter¬ vened, has been placed on the Ust for next week, thereby increasing the ofiferings to an unusual number. At private contract, Messrs. Lamson & Son report the sale of property on the east side of the Boulevard, extending from One Hundred and Forty-third to One Hundred and Forty-fourth street, comprising four¬ teen full lots, for $20,000 cash. In the mortgage loan market, the interest in refer¬ ence to six per cent, loans still increases. Since our last issue, the Mutual Life Insurance Company have officially announced that they are now prepared to loau money at six per cent, on bond and mortgage on approved productive real property, upon the basis of present relative values of cash and property, and in our column of mortgages will be found the first re¬ corded loan made by the company at that rate. It is also reported that the reduction from seven to six per cent, will apply to past loans made by the com¬ pany, provided the security held by the company has not so far depreciatsd as to become seriously impaired. The Commissioners of Taxes [and Assessments on the 2d day of July transmitted to the Board of Super¬ visors the assessment rolls of the real and personal estate of the City of New York for the year 1877, as revised and corrected by that Department, and also inclosed a tabular statement exhibiting the aggregate valuation of real estate in the several wards, together with a similar statement as to personal property. The total valuation of such real estate assessed for the year 1877 is $895,063,933, ah increase of $2,776,918 over the assessments of 1876. The valuation of the personal estate is $206,038,160; making the total of real and personal estate for 1877 $1,101,093,093. The total increase of real and personal estate over that of 1876 is $4,441,381. The Comptroller transmits to the Board his certifi¬ cate of the aggregate amount of the final estimate made by the Board of Estimate and Apportionment for the year 1977, to wit., $28,484,269. In the Bxiilding Department, matters are extremely dull and uninteresting. A large proportion of the plans filed during the week were for the construction of tenement houses. On Fifty-eighth street, between ■ Fifth and Sixth avenues, two four-stoiy brown stone front dwellings will be erected at a cost of $35,000 each. The total estimated cost of new buildings for ' the week ending July 5th is $201,050. The subjoined table shows the number of deeds and mortgages filed for record with the Register of the City and Coimty of New York, during the six days ending July 4,1877, and the amounts involved: Amount. 113 Deeds, inaU.............................. $971,118 32 Nominal deeds.......................... nom. 27 Referee's deeds.......................... 150,441 20 Deeds, in 23d and 24th wards........... 32,078 MORTaAGES. 139 Mortgages, m aU........................ 919,364 25 Mortgages, at 6 per cent................ 220,000 2§ Purchase JMoney mortgages............ 174,535 20 Mortgages to Trust and Insiu-ance Co.'s 216,100 The following are the sales at the Exchange Sales¬ room for the week ending July 5: Eldridge st. No. 60, e s. 20 n Hester st, 1 three- story brick house, 19.4x50.8, to Patrick Skelly.................................. 5,650 Suffolk st. No. 18, e s, 150 n Hester st, 1 four- story brick tenement house, 25x100, to AugustL. Nosser........................... 14,327 Sth st, n s, 275 e 1st av, 1 f our«story brick build¬ ing, with lease of lot, 25x97; leased, Sept. 22, 1862; term, 20 years; ground rent, $300 per annum, to George Steinbrecher (plain- tifO{%part)................................ 3,000 16th st, n s, 225.1 w 9th av, 1 three-story brick building, 25.1x92," to Ellen E. Ward (plain'f) 4,000 18th st, s s, 102.2 e Broadway, brick carriage factory and stables, 73.6x93x76.6x71.6, to Greenwich Savings Bank (plaintiff)....... 64,000 47th st. No. 433 West, n s, 412.6 e 10th av, 1 three-story and basement brown stone front house, 18.9x100.5, to W. H. Jordan.., * 10,000 62d st, No. 101 East, n e cor 4th av, 1 three- story and basement and Mansard roof brown stone front house, 20x60x20x61, to Stephen Lovejoy.......................... 15,000 Slst st, s s, 100 w 4th av, 1 four-story and base¬ ment brown stone front house, 20x102.2, to Manhattan Life Ins. Co. (plaintiff)......... 14,000 87th st, s s, 170 w Av. A, 1 three-story and base¬ ment brown stone front house, 20x100.5, to Germania Life Ins. Co. (plaintiff).......... 7,400 126th st, n s, 160 e 6th av, 125x99.11, to Harmon Hoover (plaintiff)......................... 13,000 Lexington av, w s, 33.6 s 43d st, 1 four-story and basement Mansard roof brown stone front house, 16.9x75, to Charles T. Crom¬ well....................................... 10,100 1st av, n e cor 35th st. 151.3x321.4x153x322.6, to Charles W. Dmaht (plaintiff)............. 62,500 3d av, e s, 50.2 n 47th st, 2 four-story brick 1 stores and dwellings, 50.2x100............) 47th st, n s, 100 e 2d av, 1 three-story brick {" brewery, 25x200.10 to 48th st..........f. J to WilUam H. Akm (plaintiff).............. 32.225 6th av, n e cor 118th st, 25.2x85, to T. M. Chees- man (plaintiff)............................... 5,000 llth av, n e cor 21st st. 98.8x200 (lease), to Wm. C. Herring.................................. 10,000 12th av, w s, extending from 77th to 78th st, 204.4x100, to Washington Tobias (Trustee andplamtiff).............................. 1,500 Bolton road, lot 517 on map of 80 acres, part of the estate of Isaac Dyckman, known as part 3 of the Dyckman homestead proper¬ ty, 77.1x268.11x80x250.1, to Henry V. Allien (plamtiff).................................. 1,100 Highway leading from Yonkers to Williams- bridge, known as Gun Hill road, adj lands of John Dickinson, containing 105 acres, to August Van Cortlandt, Jr.................. SO.iKM) Lot 32 on map of lands in partition, belonging to the heirs of Rebekah Bassford, Ford- ham, 250x751, to Wm. Montross (defendant) 3,200 Total........................................$326,002 ------------------ BROOKLYN, N, Y. In the City of Brooklyn, Mesisrs. I, F. Bissell and Cole & Murphy have made the following sales for the week ending July 4: Bainbridge st, s s. 400 w Patchen av, 50x38, to Jacob S. HaUett (plaintiff).................. $250 Baltic st, s s, 200 e Bond st, 25x100, to Ann and John Cowan (plaintiffs).................... 500 Fulton st, s s. 80.9 e Rochester av, 19.3x80, to JohnM. Crane (plaintiff)...............•.... 2,000 Witherspoon st, ss, 150 w Tompkins av, 50x 100, to Hannah O'Hara (plaintiff).......... 4,750 Central av, n w cor Magnolia st, 93x100, to Sal¬ omon Rich (plaintiff). (Morts. $600)....... 800 Hudson av, w s, 92.8 s De Kalb av,.19x95x19x 100, to John H. Weeks (trustee and plain¬ tiff)..................................... ... 8,500 Hudson av, e s, 125 n Prospect st, 25x100, to John Couenhoven (plaintiff)............... $2,000 Hudson av, e s, 150 n York .st, 48x85, to F. J, „ Rail....................................... 2,500 Kent av, westerly cor Clymer st, 56.2x69.9x 56.2x185.3, to J. G. L. Boettaher............ 190 Lexington av, s w cor Tompkins av, runs west 125 thence south 46.9 thence east 5 thence south 55.3 thence east 20 thence north 56.9 thence east to a point 24.9 south from place of beginning, thence north 29.4 to place of beginning, to William Quavle (plaintiff)..:.............................'... 50 Snedeker av, w s, 230 n Libertv av, 20x100, to Wm. Dunham and Edward Waldron (trus¬ tees and plaintiffs)......................... 2,000 5th av, e s, 93.9 s 12th st, 18.9x97.10, to John B. and WUliam M, Willes (trustees and plainiffs)...................-'................ 3,500 Total....................................... $21,040 ----------------<-♦-»---------------- BUILDING MATERIAL MARKET. BRICKS—No very decided changes have taken place on the general market since our last report. The demand has shown more or less caution, and buyers have seldom called for cargoes until an immediate resale, or a deUvery for consumption was well assur¬ ed, while of course, the holiday has tended to still further reduce the volume of business. The feeling, however, is firmei*, and sellers at the close are in a more confident mood with nothing available as low as last week by at least 25c. per M. The accumulation afloat seems to keep within narrower bounds, and is niore easily handled, while from the current indica¬ tions, receivers entertain hopes of a more liberal de¬ mand during the present month, especially for good lots of hards. Pales remain in somewhat scant sup¬ ply, and about steady. Croton Fronts are selling close to supply, and at full former rates. The finer grades of Fronts not very active, but meeting with a lit¬ tle more calU We quote: Pale, per M. $2.50@3; Hards, Up-Rivers, $3.75@4.25 ; Haverstraw bay, $4.50@5.25 ; Favorite brands, $5.50@6 ; Fronts, Croton—brown, P; dark, .$9; red, $10; Philadelphia. $23@27; Balti¬ more, $34@38. Yard prices, delivery included, $2®3 higher on ordinary and $5@6 on fronts. CEMENT.—The market for domestic is much the same. Nearly all agents are selling stock on shipping orders, and occasionally" find it a little difBcuIt to sat¬ isfy customers as quickly as required, but there is no actual scarcity. For local use the calls are slow and indifferent stiU, and seldom exceed the known wants of buyers. On prices $1.20 is the rate for buyers who insist upon having their favorite brands, but sales are making at $1.10 in considerable numbers. Foreign, in very good demand and steady, but not much inclined to buoyancy, as importers are a little close on com¬ petition, and prefer keeping stocks moving on any fair mai^in. GLASS.—The demand for foreign has not improved, and generally the market is reported as in a dull, nominal condition, with holders of stock dissatisfied. As a rule the disposition is to name easy terms, even on the most desirable styles, but this fails to attract buyers beyond parcels required tor early positive wants, and the accumulations fall away slowly. American glass has some demand, but the movement is by no means free or general, and the market shows few encouraging features. HARDWARE.—Mail orders have increased some¬ what from various quarters, and a few straggling buyers appeared on the market, but busmess is as yet only in hopeful form. Dealers, however, incline to the belief that, in view of the long period of inactivity passed, the coming purchases \s'ill foot up a more en¬ couraging aggregate. The price lists are undergoing revision to a considerable extent. Some of the lead¬ ing lines of tools have recently been reduced, but the particulars are not as yet made public. Flathead &on, wood screws, are now quoted at 60 and 10 and 5 per cent, discount and 65 and S^ per cent, discount according to the company. Cabinet locks are offered at 25 per cent, discount, and settlements within 80 days are allowed 2}^ per cent, additional. LATH—As a rule receivers have not of late been talking in a very hopeful mood, and the market rather lacked tone. So far as arrivals were concerned the amount was not particularly heavy, but the off¬ setting outlet entirely out of proportion, and this naturally had a weakening influence. Especially was the loss of demand from points along the river, etc.