The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-11-29
REAL ESTATE MATTERS.

What Has Been Done During the Week-A
Block ON ACKNOWLEDGEMENTS of the
Market.
The week Just closed has been, in respect OF auc-
tion sales OF city property the dules since the
pension OF operations OF that kind during the heated
term. This condition, however has not resulted
from any falling or Of interest in real estate specu-
ation, but was solely occasioned by the accident
| which 30 damaged the Exchange Salesroom as to
render it temporarily unfit Tor occupation. Previous
announcements had held forth the promise OF busy
time ana the forced postponement OF sales thus oc
casoned has been much regretted by all classes OF
dealers, holders factors SPECTATORS and those de.
string to invest.
The week has not, however. been wholly destitute
OF business. On Tuesday sales were held at the
commercial Exchange and City Salesrooms Brook
iyn-the former b. James Coles son. and the latter
by Hyckof q Little, OF Brooklyn, improved and I'M
improved property; and on wednesday A. J.
Blocker, Son N Co. disposed OF at public auction,
the sale being held on the ground, 900 lots situated
a short distance from Jersey City. Both sales eX-
hibt good results and apprecatye prices. The sale
ofBrooklyn improved property On Tuesday amounted
To 1c0, and OF unimproved property sl4,62J,
being u total OF $ll0.325. The sale OF New Jersey
lots on Wednesday amounted to $59, u.s. making "a
grand total for tie KS auction sales of 69, $50.
One OF the heaviest sales that have yet been made
OF single piece OF property Ia this city was effected
yesterday by Messrs. Smith & CLARKE, real estate
brokers. The property comprises the entire block
bounded BY Broadway aud sixth avenue, thirty
third and Thirty fourth streets, beng 2O1 feet on
Broadway l4s feet inches on Thirty third street
and 115 feet Thiry-fourth street. with the build
ings thereon, belonging to b. l.. solomon. The
amount of the purchase money IL 100000.
While calling attention to this sale as one indica-
tive OF the rapid appreciation which real estate pro-
perry on New York Island IL exhibiting II IA by no
means an exceptional Instance. At q corporation
sale that occurred IN the year lS45 the pro- erty eX
tending from Twenty-eienth 10 Thirty-sixth
street, on Fifth avenue, Including the lots Oh
the side streets, brought for the avenue lots
from $1,000 to $500 per lot, those ad-
Joining ranging from 5000 10 $500 EACH
One gentleman invested In this sale $4,000
aud sub equently sold OF his purchase 100000
worth, but was then stl the possessor VI the largest
portion OF IL. About the same period q gentleman
bought corner lot on tie avenue, then considered
very far out OF town, Tor which he paid $1,000. the
estimated value Of that lot by experienced judges ~
100000. In tie light OF these precedents Il Is not an
ueipating too much TO put the valGc OF the block
| sold as above at In few years, 81, 100000
Among other late sales We learn that Cyrus w.
Field, Of Atlantic cable celebrity has purchased the
property OF Mr.. Charles sterling at abbott, ford,
between DObbs Ferry and IrvngtOn. fOr $4,000.
There IL every prospect OF an active market this
week. The offerings ore numerous aud choice, aud
| doubt the sales viii lie heavy and remuueratiye.
The lesson taught by the great Eric frau OF tile
risk atten ling stock spe uatlons VIII likewise
doubtless help TO turn much capital In ths direction
Tor safe Investment tiat undnr other circumstance
might enrich the gamblers In Wall stree, aud thas
stu ur.ner tend TO the appreciation ol real estate