The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-06
REAL ESTATE IN BROOKLYN.

Comparison of Present Values with Those
OF Last Ycnr-The Uncauai Rates Of Appre-
ciation-The Park and tho East River
Bridge.
York and Brooklyn is just the difference between the
aheadveness characterize the former while the latter
strongly Of conservatism and makes haste slowly.
These characteristics, matter Of course, affect the
real estate Market and property. though comparatively
high in price, changes hands with much less rapidty
than does New York. Prices reported 10 rule
somewhat higher than they did twelve months ago.
some dealers that tho difference Ia much TWEEN
tyve per cont This however. is only true Of certain
localities; for general rule may be safely stated
that the general average IS much about the Same.
The unusual severity OF the last winter had . dam
aging effect the value OF property in Brooklyn, and
tho extreme inconvenience suffered by thousands Of
business getting TO and from their homes caused
many Of them TO leave Brooklyn the LIST OF last May
and take up their residence in New York; where by pay
Ing very much higher rent thoy secured much less
pleasant and commodious dwellngs-an Inconvenience
they were willing to submit TO in preference to being
detained for several hours at the ferry almost every day
during Tho inclement OF the year. This
OF the which has produced certain amount
OF torpidy in the rca estate MARKET and the general
statement that sales effected very slowly especially
ofimproved property which the owners place certain
value and anticipating constant upward tendency in the
market refuse TO part with except for the price named
Relatively the value OF property in Now York and
Brooklyn Is one hundred TO sixty five and In
localities the difference is much greater
In the Eastern District the alterations and improve
ments which have been going on IN Grand street have
had slight effect the value OF the property in the
immediate vicinity, but with that exception change
has taken place IN prices which prevailed about twelve
months since, and sales are reported TO DO slowly
effected.
In some Of the suburbs large numbers Of unimproved
lots have been auction during six months
n
much higher, 10 fact. than there to
expect than tho value OF the property seemed
could not be sold for from SIS TO Sia5 and now they
have found purchasers at $500 Some OF the purchasers
lots, and then, furnished wish map went or TO tako
look at them. and their arrival at the designated To-
cal,y after dsen. study Of the map and close qacs
whore deep and large pond furnished bathing facilities
to all the urchins around there their lots located
pool ruminatcd on the advantages Of 'water privi-
ieses" and won't on, deciding not 70 build just yet.
rRosPECr PARK AND THE BRIDGE.
Prospect Park is solid substantial reality and its
huge proportions are rapidly assuming that symmetry
and beauty which will make Il worthy rival Of own
Park All property In the vicinity Of tho park has ad
vanced very considerably In price and the demand
lots is quite brisk Not long 81 500 paid
less than two years ego. This said to be worry fair
average OF the prices prevailing In tho most desirable
waaa sss az shs banS hch 70 ys
the owners OF property In ITS vicinity In the neghbor
hood Of the park there are many buildings going up,
and everything bears look OF prosperity and progr 10
which speaks well for the enterprise OF tho Brooynites
n the seventh Eighth. Ninth and Twentieth wards real
estate interests are progressing and large amount Of
building II being carried on.
genuine Brookynite however, ono 'who lives and
moves and has his being" in the City OF Churches
which he never leaves except to hear Horny Ward
Bcecher speak In the Cooper institute, looks into
future and says no secs . bridge spanning tho East
river over VIII oh quarter OF million of people pass
daily 10 and from New York without hindrance from the
cc, which is blocking up the river below, or the fog
which almost obscures the light from tho many gas
jets which are burning ether side. To tho building
OF the East river bridge tho properly OF Brook
Ign are looking as measure which they say viii revo-
utonzc the real estate market on their side OF tho
water and is altogether probable that their anti cpa
tons will DO moro than realized Whenever the bridge
shall be built but In the meantime they must accent
the present situation and mako tho best Of Il.