New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-02-22
REAL ESTATE.

the current year. There were no auction sRleS ioo"y
but large gathering Of those connected with the Ie
estate interest assembled at the Merchants TX
change and the sales Of the past week talked over
and antcpations OF those to gave rise 10 some
animated discussion on the general state OF the
market Business IN this branch Is geheraNy
very qUie on Monday Friday and Saturday leaving inc
bulk OF the work to be performed on 1Uesuay' "e"neS
day aud Thursday. The rapid Increase OF inc Value VI
property ia the northern portion OF the Guy Is OWING
,e.r iielv a. we have remarked before, TO the de-
NJ the Central Park and the demand for more
roam canned nv the increase Of population IN the city
II p that the aggregate cost Of the Park and all its
improyscnts has amounted to t1OOOOOOO, and the add
tpa income from taxation in the three wards surround
ing It, arising from the increase in the value Of
propelty amounts 10 sl,2S3,7S9 IS, while the inter
est on the OF the Park is only $50 IS, leav
ing an annual income Of $6S6,st9 50 to the city,
which already receives from investment Of 10000
VU Property in the neghbOrhOod Of the Park Is selling
today nearly three times what it cost five years ago,
and wn probably be worth twice much again at the
end Of auOtsr FIVE years Beside the Increase OF popu
lston thlt we shall have by that time gained, all OF
whom must have homes, the opening Of new railways,
especially the Pacific Railroad, which will probably be
finished In abon two years, win add in indirect man
nor % increase the value Of real estate In the
Northern Districts. The line Of the proposed new
Iouevafs already much sought after rs most desir-
able location for the residences Of our mOnaries WHO
viii De gradually driven out Of the neghborhood Of Fifth
bF the increased rush and progress Of trade The
of the Central Park have done much TO
improve the surrounding streets aud avenues and have
commenced operations by widening the SXtlS ana
soventaves from the northern boundary OF the Park
% Harlem River. These two avenues $50 feet
WIDE aud rows of. trees are TO be planted in
them. leaving space between the trees for rides,
drives and walks and extending for two
miles shaded throughout, making these avenues
and The streets adjoining most desirable neighborhoOdsto
reside m Within the past two years, more houses have
been erected in the vicinity Of the Park than in all
the Other parts Of the city together The square between
Onehuud and Observation-Disclosures
tyfourfhsts called Mount MOrTissquare is now being
fenced m and improved by the corporation and IN Its I'M
mediate neghborhood freestone houses are realizing
$1,000 aud great preparations are being made for com
mencing building operations a large scale in the
Spring While these operations are going on, the
demand for villa aud suburban accommodation
will Likewise cause increased demand for
property in the already fashionable neighborhood OF
Fort Washington and Spuyten Duyvn Creek The in
crease IN the value Of property on the east side Will not
be 80 rapid rs on the wes from the fact that its property
has already advanced 10 nearly its maximum Valne IN
consequence Of its early development The changes on
the Island Of Manhattan in the Of anotherhundred
years vii probably be very extensive, and should
the present ratio Of annual increase continue long
before that time the whole island VIII be
covered with buildings. the homes OF millions OF
tho Inhabitants Of Brooklyn evidently do not
Intend 10 be left in background Prospect Park not
ouy EQUALS Central Park but has many advantages that
the park Of the NewYorers does not possess Beside
giving families opportunity Of having quiet summer
as well a a Winter home at comparatively small ex
pense and also Of enjoying good seabathng, being
within 40 minutes Of all the New-York ferries,
and but short drive from COney Island beach AL these
advantages combined form an attraction that will be sure
e. be appreciated by city men when they find they
can enjoy all the comforts Of country residence, ana
s be within easy reach Of their business We learn that
Mt Peter Muller has purchased site for new church
On Tweuty -nrstst.. near sixthave., for $4,000.
Barnums Museum and Mensgerie Company have pur-
chased the six lots which their establishment located
and y m soon make important improvements there The
propertv has rs feet front Broadway the same on
Merccr, and 200 feet deep The price pad is 100000
THE STATE
The lively business in real estate confined 10 the
city alone but reports from the State show that
a considerable business has been done Of late.
In Huntington l. L. the certain completion OF the Long
Island Railroad gives impetus to real estate sales
II p Crozer has sold his house and lot for $4,000 Mr.
A Mugan is finishing the improvements on his country
seat winch will have cost him when complete about
$4,000 The Universalis Society have turned their OLD
church into parsonage and purchased lot which TO
erect new church. Nj. c. Prime has just completed
new mandatory for making Warehouses, jewery &C.
Mr. wetcenaus has built carriage factory; and other
Important improvements are in prospective. In Pough
kcepe the usual panic about rise in rents is the pre-
vsillng cry, but liz all probability there will be
little or no change. Last year there was
panic about scarcity Of dwellings but before the LIST
OF May many Of them remained vacant The result will
be probably the this year. for business places and
lOuses are less demand The building Of the Duchess
and Columbia Railroad is already having its effect
tho value Of real estate here The residence No. 40
south Cntont has been sold to Mr. George Daniels for
AGO Two stores IN Main-st, formerly owned by Ben
iainn Broas have been sold TO Rosenbaum for $4,000
In Hayana, n Y, the property belonging to the
heirs Of the late Charles Cook situated between
Canal and Genesee-sts has been sold to Col
j.. Cook. This property includes the Queen
Catharine Hotel. livery stable, barn. Montour
Hohse aud the buildings north Of Man-st and west Of
the railroad track. The Bank Building and lot near
the Court House. has beenOld 10 Ar Hull Fanton. who
intends ating Il up Tor law Office. On the vacant lot
north OF the NontOur House, the old Observatory Build
ing Or j. included IN the purchase Of Col Cook he In
tends erecting large and cOmmOdiOus brick block of
four stores three stories high the third story TO be fin
Bshed FOR a town hall In Warwick, farm Of 40 acres,
near AXE Station was sold by Mr. r. W. Gibson, to Mr.
>. T. smith Of Oxford, for $4,000. The farm OF 81
near Sugar Loaf, has been sold by the Messrs
4. II. aud D. C. Wood, to Mr.. Samuel r. Bar
her Of Chester, for $500 49,. In Goshen, N. Y,
asm OF 1T acres On the Chester Road. the property
Phlander Banker recently sold to Mr. William II.
Ward Tor $1,000 Two small houses DyisiOnst
sold Mr.. r. T. Heard Tor 5000. farm OF acres,
incs cast Of Goshen sold by Mr.. Phineas r. Cole
man % Mr.. Abram Van VOORHEES, for 100000. In Troy,
" y the estate, known tho Troy Grain Elevator,
propery OF Mr. Pny A. Moore and the heirs the late
sas L. CoyeI, was sold under decree Of the Supreme
Courr 10 Br F. A. Moore Son for S43os These gentle
men, g, is stated intend carrying The -four and grain
business at the elevator as before
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