The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-02-07
REAL ESTATE MATTERS.

Character of the Market During the Week.
Up Town Lots and Down Town Lots-Hoid-
ers and Buyers-Imp0rtant sales Yesterday.
noticeable activity corresponding 70 tho dulness and
sagnation which prevailed in real estate operations
during the month OF January has marked the past week.
being the first OF the succeeding month"; and promises
TO continue for time to come. II Is marked, how
ever, by certain changing phases Of tone or feeling
which render the market somewhat unsettled; but as
the only just opening and the relative value OF
the differently situated property up for sale is Jet to be
determined, some luctuaon both in respect TO price
and demand, is not unnatural or OF serious injury
Another marked feature OF the market Is the presence
Of spectators eager 10 purchase In certain localities
where projected improvements Indicate . prospective
rapid In the value Of lols; but tho accomplish
rcnt OF some OF these Improvements Is to q great
extent problemscsl. or, at BEST their completion a
matter OF disan. consummatlon the most knowing
ndisposed 10 give prices much beyond the present
actual OF the lots offered while holders, with the
natural weakness OF humanity which overrstes the
quality OF its possessions being unwilling to sell
Al what they, regarding golden future IN posse,
not in ese, are pleased 10 consider a sacrifice,
much o. the property put up at IL Withdrawn
after by the sale OF few lots II Is asoertaned that
those present unprepared 10 purchase at figure
which they consider exaggerated but which s not oven
up TO the minimum hoped TO be obtained II s doubt
fui the property offered AZ pubic auction during the
week with the exception or days Gale, realized the
prices anticipated By the vendors Certainly. according
10 the statements made by the auctoneers much was
sold far below what could be obtained for 10 at private
sale or course testimony such thss like the argus
ments OF counsel, must be taken with a great deal OF
reserve but looking the sales OF the last few days.
the adjournment OF many OF them aud other matters Il
would not DO surprising II the future should demon
s,rs.e That ne present was period o. imitation esPo,
called but many OF which AT considerable distance
from the Bouevardl upon the market bring down their
prices occasion their withdrawal for while. As this
In by absurd anticipation, 10 would no we'll
for those who have property Of this description offered
their expectations. and not insult bona Ode bidders,
many Of whom may have come some distance or
drsva Of the property they bad advertised. simply be-
cause men with perhaps keener appreciation Of its
real value than they possess and OF purchasing
lion was iet in The Exchange rooms yesterday s the
stoppags Of sale Of up town lots I'VE only and
those the least desrabe-rsmained TO be sold, the
ground sad that the pricos which the others
had been sold were not goo Tho auctoneer In making
tais announcement stated that he did 20 under the
direction OF the attorney OF the owner, not OF his own
motion.
Ths following particulars ofthe sale viii show how far
this proceeding was justified Tho property consits OF
eight lots the west side OF Fifth avenue com prisng
the entire front between l3ln and la2d Streets nns
lots the north side OF l3lst street and eight lots on
the south side OF 1924 street. all OF usual size and
sold as ollowsrhe lot on the corner Of l31st street
and Fifth avenue 70 Walter Brady for $500 who like.
the corner Of 132d street 10 Calvin Stephens Tor s550
and the one adjoining for 33.25o Nj. stephens like.
Mr. Brady for 49, 100 each. The remaining Two
disposed Of one 10 Raynor for g. 200 the other to
Mr. Higgins for g $50 Three lots nnediatey In
rear OF those weH purchased by Martin Fox, fol-
ows:Two fronting on l31st street, ~ 81 900 for that
nearest the corner and 81 $50 for the adjoining one
and 81 $40 for one fronting 1920 Skipp ng tho
others, the eight lots farhss rear four fronting on
each street. With the old mansion house Of Charles
Henry Hail. we're next put up, subject 10 mortgage OF
$1,000 having three year, 70 They offered a
so much lot and being started al 81 200 knock Cd
down 70 MT Fox for 1900 BY the terms OF the sale
niy per cent Of the purchase money OF the uninoum
oered lots can remsn on bond and mortgage for three
years az the option OF the purchaser.
Besdes the above there offered for sais yesterday
at the Exchange the following additional up town lots
Two lots on the north SIDE Of Eighy-h street. 400
feet west OF Eleventh avenue and 25s feet az inches
east OF the line OF the proposed drive each rs Feet
front and lo2 feet inches In depth These were pur.
chased py Lewis lnglee al 81 $50 each Also Two ots
on the north side Of 10Th street. 400 or $50 ice, wsst of
Ninth avenue each 70 feet front by 100 feet IL nebss
y which wore sold 70 Mr. Hamilton al al, 350
Quite number OF valuable improved Iots ioe.,sd IN
the very heart Of the business part Of tho city wers like
wise put up at auction yesterday disposed o. and
the advantages hey severally possessed being we'll
known, and mot speculative, thsy each brought fair
prices well corresponding 10 the increase In the value Of
city real estate situated the centres Of trade
lot, with building. No. 900 Water street near Peck
sp - fsst inches vide By 81 feet inches in dsplh