The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-01-22
REAL ESTATE Matters.
Important Sale Of Building Lots In th
Eighteenth Ward.

Important Sale Of Building Lots In tho
Eighteenth Ward.
Az In every department Of general business the uni
versal complaint Of depression dulness transactions
in real estate furnish exception to the rula The
causes operating produce sagnatisn are
that 20 injuriousy Affect other branches Of industrial
and speculative enterprise while the heavy and grow
ing burden Of taxation, especially N this city, annually
assessed upon real property, furnishes additional
one Men Of moderate means are tmld about investing
their modest savings In this way, and In condition OK
mind whom 'he native aus Of resolution e setsd Ger
building lots q oil events 70. the present. unil such
time % they things more clearly" Tho great
building material and labor Of csurss lessons not their
ndisposton TO purchase, uneas some pectsd op~
portuniy In respect 70 location Is presented WHERE
Thus city lots offered in the market, " not BELONG
ing estate disposed Of under the authority Of
the sheriff. mostly In the neghborhood o. some pro-
posed Improvement calculated 70 render them excep
tonay desirable, either In respect 70 future business
advantages or combining convenient and attractive To-
cations FOR private residences sale commenced
yesterday at the Exchange salssroom, By Adrian H.
Muller or forty eight building o Possessing a. recon-
meudinQ them purchasers the frst Of the above
diuons They thus descriscd:-Eight lots the
side OF avenue O, comprising the entire front
between East Sixteenth aid Seventeenth streets;
twenty lots on tho north side Of East Sixteenth street
and twenty lots the south side OF East Seventeenth
street. comprsng the entire front between avenues
poslte oil the Eighteenth ward market pro-
posed 10 be built c, and the only vacant
lots to be had that peghborhood In onnecton with
this market for which $76 900 has been appropriated
building fund, II Is proposed 10 urge additional
alton 500 900 and It's extension to the river
while . new ferry is also proposed from the foot OF
East Seventeenth street TO run 70 Hunters Point,
Grsenpont and Williamsburg East Sixteenth and
Seveniesnth streets are severed, paved. curbed,
guttered and have their walks tagged. and avenue o
paved and the walks tagged the terms Of the
sale stated be- seventy cent Of the purchase
money may remain bond and mortgage the premises
for year with the privilege The buyer Of paying
or whole or IN part before that time In nstalmenis Of
$500 Tho sale commenced twelve 90 ock and
The Hrst lot offered that NJ The northwest
avenue and So feet depth Seventeenth street. Afsr
pretty lively competition was knocked down Tor
81 600. The lot adjoinine. Of the same Dimensions
fronting the avenue, with the privilege Of the tive
adjolning II, next offered and brought
$3.50. The purchaser declined 70 take The
others, which accordingly disposed Of
separately for 100 and $1,000 The lot 81 the south
OF Seventeenth street and the avenue OF he
dimensions, next put up and became the coca
sion Of q spirited contest between I've bidders. u w0
finally knocked down Ut 10000 The thrss remaining
los the sold purchaser Tor ~ 100
each Two lots Sixteenth street. next 70 the corner
OF avenue Is feet front EACH "a Zee. depsh we're so9
for "a $50 EACH and the lot naxt adjoining Tor eo0
On Seventeenth street, tho two lots corresponding 70
thoss sixteenth street which sold Tor ~ o50 each.
via next 10 the corner of avenue c, brought - t1s
each aud that adjoining g. $50 lot The middle
Of the block sold for o. 7s0 after which the suo
uonser declared the sale adjourned for two weeks