New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-10-03
REAL ESTATE.

EEw-YoRK. Friday oct. 2. 1853.
AcOnstantly increasing population. a trade, always
immense even IN the dullest times. and a spirit of
speculation really necessary TO the advancement
of property the advancement of property is neces
sary to it. renders the real estate business of New
York and its surrounding cities always active 1t
longer requires inspired tongue to predict that
every successive year will add to the value OF city
property. Hedged in between two rivers New York.
with the trade of two continents passing through
her hands, finds room, the all important requisite
both of business and Of living The yearly addition
to her population is compelled TO go further toward
Westchester County to cross the rivers to Brook
lyn and New-Jersey. Yet these suburban cities by
their growth do not lessen but rather increase the
value of New-YOrk City property, the very ne
cessity of their existence seeming to act as
reason for rise iu city property. The opening
of Central Park at once drew the attention OF
purchasers 10 uptown residences rendering
localities lately fit only for the occu-
patton of our "squatter sovereignty dcsir-
able as sites for the most expensive palaces. But
this removal of residences uptown did not in the
least lower the value of the property left behind for
elegant stores sprung up in the old parlors, and
dining-rOoms We're speedily filed with safes and
counters. So will it ever be- as long as the ocean
rolls at her vharves, and railroads issue from her
OcpOS so long must tnls CIONucu lSiilu DO DouRhl
and Tebought by the merchants and traders who dis
tribute the goods laid at her feet
The sales of real estate in New-York and Brooklyn
for the past six months hayebeen very large In New
York. a building now almost necessitates tearing
down. for from Ffty-ninthst 10 the Battery there IS
hardly lot which is not covered by some building.
Many large buildings going up on Broadway,
among which, may be be mentioned. the ron-front
stores, of Deyst the iron and marble build
ing, corner of Eleventh-st.; the store on the
site of H. b. Chittendens old house. and the elegant
structure between Ann and FultOn-sts. to be occu-
pied by the Park Bank, now nearly completed. The
transfers and leases for the past six months have
been large. Purchasers have paid large prices, but
desirable property has been in such active demand
that large prices were easily obtained. The largest
recorded transfers were those of April, amounting
10 $3 S551s3 The largest amount of leases occurred
in June reaching 81, $4,000. In Brooklyn, building
has been much more active than in New-York,
especially in the line of private residences. The
increasing population of this city, in spite of crowded
tenements and the unccasng noise of saws and ham
mers asks for residences without finding them.
High rents small houses and movement into the
country-this is the history of Brooklyn emigrans.
The transfers and leases have been more steady
throughout the Summer than those in New-iork,
although, Of course not reaching so high \ figure.
The following table exhibits tho recorded transfers,
leases. and auction sales of the two cities since
March last