The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-10-08
REAL ESTATE MATTERS.

Comparative Merits Of Brooklyn and New
jersey Property, suGsestins Its Future Ap.
preciation-Sales Yesterday-A New York
Down Town Lot.
We published yesterday particulars Of two large
Sales one OF Brooklyn property and the other OF
sites for suburban homes In Planneld N. j. both OF
which were in the sense Of good attendance,
spirited competition and fair prices success highly
gratifying to the respective firms Of auctioneers
having them In charge, as well az to their princi-
pals. Yesterday an additional tract Of land ada
cent to that disposed Of by them the previous day
was sold under the hammer by A. ]. Bleecker, Son
Co., being portion OF the estate Of the late Mrs.
c. Hart at Plain1eld, N. j., consisting Of over 100
plots OF fifty feet front, and varying In depth
from $50 800 feet situated streets and avenues
now laid out. The sale, being by order of the execu
tors was perempt0ry. Below win be found particu-
lars:-
We have already adverted here to the particular
causes which have produced the prevailing activity
in property situated this is and the conditions
aecting 1t In the market These influences also ex-
ercise to considerable degree similar effect upon
Brooklyn real estate In the outlying districts and
combine with others to bring up to the same cor
responding mark OF Improvement. Hence, also, the
large sales OF Brooklyn property OF which our yester
ssvTs e pd anu
New York city and towns situated like Plainneld fur
nlshed by the lines Of railway over which the steam
Meeting there with swift and powerful boats little
likely to be delayed In their regular trips by any prob
into such Close connection, would seem 70 give the
Jersey side the advantage In the minds Of New YORK
m sesE CONVENIENT homes ana thus suggest
its more speedy Developments and superiority IN
the Judgment Of specuators But there are other con-
ditiOns operating In Brooklyn to cOunterbaance the
disadvantages e suffers from the slow means Of
travel It afloFds rom the river 70 Its suburbs.
dftion. The same facility af6rded in New Jersey for
the quick transportation Of the business man from
easy for him to obtain such articles Of supply as he
needs In the way OF domestic stores, food clothing
and the ke IL New York city and thus these new "
for long time nothing else than dormtories, what
ever is needed for the comfort or Of the
residents being purchased here. Brooklyn from its
extent spreading over 80 large an area and reach
ing so far back from the river, with Its limited means
sef-sustanng. Inc necessities Of local trade there
FORE create demand for suitable sites for business
1 50
again appreciates property enjoying these con-
venlences for residents The amount OF
the number OF persons consequently employed there
render Y also the most suitable place for their resi-
they lived in Jersey making it, in regard to tune,
much the more convenient. Besides, there are many
men working IN New York who select brooklyn In
which to reside because Of the facilities afforded
them for travelling to and from their homes at any
hour, convenience which is yet to be provided on
the other side. 1t s not necessary TO refer here to
the influence exerted by the formation Of Prospect
Park and the carrying out OF incidental improve
ments or the value OF surrounding and neighb0ring
property. like our own Park and its c0ncOmitants
these afect class who alive to all the results
in the way OF appreciation likely to now there
from. These things being all considered and
given due account IL will be apparent that
there is no competition whatever between the differ
ent districts now being stirred to such activity in
the real estate market by the rapid growth OF New
York. Each has its own peculiar advantages and
special conditions operating to its advancement
while in the progress and increase Of the metropolis
all will have snare.
There was not much doing at the Exchange sales
room yesterday, the only matter OF interest being
the sale Of lot ON Thomas street, between Church
and West Broadway. This property was billed with
Q reference to the proposed extension Of Thomas
street TO broadway, which contingent improvement
may have operated to the advantage OF the seller.
The following were the
Sales Of Real Estate Yesterday.
NEW YORK PROPERTY BY A. JoyKNEAY
with ths building thsssoas known - No H. 9f2,oU OF
the purchase money TO remain on mortgage for
years. at the option Of the purchaser, or paid OF In In