The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-05-03
REAL ESTATE MATTERS.
Review Of the Operations During the Past
Week-Table Of Sales.

Review Of the Operations During the Past
Week-Table Of Sales.
There were two noticeable facts In the transactions
on Change during the past week deserving OF special
notice-namely, one the apparent failure of the sale
OF westminster lots announced for last Tuesday, and
the other the success attending the sale of the Tucker
estate, ON the succeeding day, comprising four
Broadway lots and property located on Tenth and
Eleventh streets and University place. The result in
the first case although doubtless the reverse of graft
Tying to the vendor furnishes no argument however,
against what has been heretofore said here concern
ing the rapid and certain appreciation OF property
In Westchester county. Auction sales are very much
like lotteries with the chances equal of drawing
prize In the shape OF good price for what is put up
provided the right kind Of men are In the audience
or blank in the form of a bid much below the value
increase in the vaue OF lots in Westchester county
convenient to Harlem bridge depends not upon mere
contngencies but Is an Inevitable consequence OF
the growth OF the metropolis, which, having spread
itself In every direction until its business
marts are now the centre of thickiy
populated built up district closed in in every drec
ton for miles, now finds its natural extension
northerly towards the mainland, that which affords
the best scope for its further growth in aiording
sites Tor homes not too distant from the city FOR
business men. The solution of the question OF how
to get there quickly Is also another certainty;
road 1t matters not which, or the other must be
built soon. The underground road has been found
w WIN cACcucHtiy III LONDON; the necessity IOT
something similar exists here Engineers declare it
practicable to construct IT. capitalists offer to furnish
the money, the Legislature grants a charter,
and what more is wanted to assure It's accom-
plishmentf SIMPLY commencement, and with
the first pick struck for its construction
Westminster property will become as much sought
after in the market as Central Park or Boulevard lots
Much may not be done in 1t this year. as the
s drawing to close but all the signs at present
that next season 1t Will rival Brooklyn in the quantity
offered for sale and exceedit in price, The sale OF
the Tucker estate shows the present apprecative
prices OF Broadway lots, In the neighbOrhOOd OF
Tenth street, resulting from the movement Of the
retail dry goods business in that direction. gore
lot on the corner OF Broadway and Tenth street, on
the east side Sis front, 1916 rear, Ill feet mean
depth, brought $171.OOo lot adjoining 25.l front,
26l rear, 100 feet mean depth, $4,000, and two
other Its near, about the same size respec-
lively $50 500 and $s7 500 The sale of these lots,
as well as that OF the balance Of the estate to which
they belonged, will account for the difference which
appears In the suboined table between Wednesdays
sales and those OF the other days. The total of the
weeks sales for this is less than that OF the
preceding one-viz., for the week ending April Is,
$2OO9,S 800. The following are each days sales:-
MONDAY.