The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-11-20
REAL ESTATE MATTERS.

How Property Apprecintcs-Snlcs OF Brook.
Iyn md New Jersey Unimproved Lots-The
Kingsland Manor Plot.
The success which has attended PREVIOUS specula-
tons In real estate in the neighborhood Of New
York is stimulating still further activity in this
direction and operating to rapid appreciation or
suburban property. The plan is for an association
OF capitalists to buy largo tracts in desirable loca-
lities at as reasonable price per acre as they can
obtain it, and then have the same surveyed, laid out
In streets and avenues divided into small parcels,
and after extensive advertising, with plentiful dis
tribution OF maps sell the plots at public auction
In this way large profits have been realized during the
present fall and last spring. and new movements
on foot for further speculative enterprises Of the
same description. The erect OF this Is benelcial
value with that SO disposed Of ana thus any per-
sons, without any risk whatever, are benefited
A Brooklyn paper Of recent date, in noticing late
real estate movements at East New York 10 locality
visited a. above referred to has the following cor.
r0borative OF this statement-"1nqutry Tor large
tracts OF vacant ground for speculation and invest
ment very active. tract OF twenty acres, belong
ing to Mr.. Duryea and adjoining the xanslcen farm,
has been sold to New York capitalist Tor $4,000.
Negotiations are pending for other large tracts but
1t Is found that the farmers want about as large
the last two weeks have witnessed severe pressure
and panic in the money market II has made no DIFF
ference with the transactions In real estate we are
informed by or the largest real estate dealers at
this place that the demand has been more active and
the sales more extensive than At any other two
weeks In the year,
The same paper has the following announcements
OF late transfers and proposed improvements In that
neighborhood:-M Christodoro, Of New York city.
has purchased Nos. and Central Buildings corner
OF Atlantic and vansIcen avenues, for the sum Of
$4,000 David ,. Molloy has purchased Of 9. ::
Lowrey, o; Brooklyn, fourteen lots on Wyckou ana
Butler avenues, near Fulton avenue 2sx1oo EACH for
$500. MIR. Samuel waggoner, ST., has sold one OF
the new three story frame buildings, store and
Dwelling south side Of Atlantic ayenee near Butler
avenue, for 80, 000 George w. Hall, OF BROOKLYN,
has purchased sixteen lots on Fulton avenue, De
tween Sackmann street and vans.ndern avenue
eight on Herkmer street and eight on Fulton ave-
nand for Atlantic avenue lots. most OF the holders
refusing TO sell. Mr.. Slichtner was offered $1,000
present place Of business, the applicant agreeing 70
erect immediately two three story brick build
ings. NJ. slichtner refused the offer, stating
that he would not sell for 81, 600 each. David J.
Mooy was offered 81 500 for one OF his lots, south
west corner OF Atlantic and Schenck avenues, which
,sn aes XSsnue Gens 1 mi
up BLOCK OF brick buildings on this ana ADJOINING
Tn The business n the Exchange saIesroom yester.
day was tolerably active, being however, with one
exception. confined 70 out of town unimproved pro.
perry. The exception was small piece Of improved
CITY property the quotation for which VIII oe found
below. The other sales were one By Johnson
Miller or 40 Eighteenth ward BROOKLYN los located
on Bushwick avenue, Boulevard Evergreen avenue,
retta, werneld and Jacob streets. and number OF
lots at Passaic village, N. j., offered by Quackcn-
The attendance at both sales was good, and stand
ard prices obtained In each case.
Messrs. A. J. Blocker, Son a Co conducted large
at East Newark, known Is 1.-THE R,n9sland Manor
Lot" comprising about twenty acres, DIVIDED intQ
city lots bounded on the north By the Newark and
city and half mile nom Newark cItyl on the south
By the New Jersey and Morris and Essex Bailroa ds