The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-10-11
REAL ESTATE MATTERS.


tate-Pr0spects Of tho Comins Week-How
Extremes Meet-Resume Of Sales.
The week which has just closed has been one OF
marked activity In real estate, quite equal In the
tent OF its operations to the period OF unusual activity
last spring. except such weeks were signazed by
exceptional sales OF uptown city lots. 1t would
seem, both from review Of these past operations
and glance at the announcements now made OF
sales to or at early day, that the period OF
dulness which formerly marked the year with real
estate dealers Is no more to have place
in their annual cycle. The wave Of appreciation
starting from the lower end OF Manhattan Island,
increasing In force and volume as 1t rolled upward
has swollen beyond cohesion, and breaking into
numerous streams, swept over all the surrounding
territory. Thus Brooklyn, Westminster county and
the neighboring towns Of New Jersey have been in
inundated by It's stimulating waters, and borne
plentiful harvest OF speculative activity and i'm
provement. All this has about by the operation
OF natural laws and In this, its logical inception, Is
TO be found the surest guarantee Of Its continuance
while the same laws influence IT, Fortunately for
those who have embarked In schemes OF speculation
founded upon the condition OF things as they are
presented there Is but little likelihood OF
other Influences being introduced affecting our ro-
gress and development OF character to defeat
their calculations. All appreciation in the places
above mentioned Is OF and from their proximity TO
New York city; Its progress retrogression IL
theirs. II In the future of New York there any
thing of doubt # betweei the city OF to-day, great
1t and the city OF twenty years hence rvalling
London In extent and Paris in magnincence, the
commercial centre OF the world, giving passage TO
the products OF the European workshops to Asia and
the aromatic wealth Of the Orient TO its Occidental
sumers with stately piles OF warehouses adjoining our
Eastern shore and the busy hum OF O labonous pop
ulaiion disturbing the present quiet OF Westchester
nal mi iaf 90 IN
and fashion enthroned on the site OF washingtons
famous earthworks, at the upper western extremity
OF Manhattan Island, with underground railways,
pneumatic tubes and bridges bringing the suburbs
into close connection with the centre; n
between this present and that near future there
any cloud obscuring its clear vision dulling its
bright anticipation, there might then be danger OF
disaster attending speculation In real estate In the
neighborng towns But that all this s certain OF
aizati0n IL as capable OF demonstration any prob
lem IN mathematics. The population OF the city Of
New York in ls25 Is recorded 1865 os6, in 1896 as
210,0Se, in 15s5 ST. 223 IN 1855 as go S1O and IN
1850 as s13,6d2. Assuming these figures az basis,
10 ess than twenty years New York city viii con.
tain more than two millions OF inhabitants and OF
necessity all the available parts OF the island Will be
covered with improvements necessary for the con-
duct OF the varied business interests centred here,
while the workers themselves Will be obliged to seek
sleeping places outside. These considerations are
are familiar with all the chances Of appreciation
they foresh0d0w.
Below viii be found an analysis OF the operations
set opposite New YORK improved property show ITS
high value, but few pieces only being sold. Brook
Se o m re ss nn
ianed louslde Of New York OF course) for lots and
the quantity sold. The Plainneld IN. j. property
sold At auction went remarkably low. This week
promises to be even more active than the last; and
to those who are interested In learning the various
rnsn presents rare opporiupty TTo s arss
tracts OF land situated at opposite extemites Of the
built mp portions Of the metropolis uncudlng Brook
for sale nj pubic auction. The one consist
Ing Of lss acres situated at the extreme
broadway, which forms its western BOUNDARY.
to the Harlem river taking In the site OF the old for
tincaton known As Fort George, being part OF the
estate OF the late Isaac Dyckman will be disposed OF
on Wednesday neu, by James VI. Miller, In plots
suitable for suburban establishments; the other con-
ssiing OF over nve hundred city lots In Flatbush.
near Prospect Park will be sold IN der the hammer
by Johnson a Miller, on Tuesday. These two
sales occurring ~ 4 were almost together and both
deriving their interest and Importance from the same
causes taken az an example, show how extended
already the results OF the numerous conditions
above reclted. Boti tracts are well deserving the
attention Of the speuaior or those desiring suitable
sites for villa residences. In the tract first MENTION
ed Is included land suited 10 every taste; the high
table land with s commanding view. the soping
hill sides OF picturesque aspect, rolling ground and
broad level surface, aud under the management OF
the experienced atctioneer who has charge OF It's
sale Il will doubtless realize largely 20 Its present
holders. Such ant cipation may, however fail,
much depending upon unforeseen accidents at tbs
very tune Of selling, IN which case those
WHO purchase purely with a view 10 speculation, will
bc much the more fortunate in securing a larger
share Of profit upon their investments. The other
tract presents In different way Its claims TO the at
tentiou vi the public. situated but snort distance
from Prospect PARK the line OF one OF the proposed
new b0uieyarls II addresses itself 10 those who
,anss brook!n property "a among the choicest lots
uOW ~ the market with yearly increasing value a.
te CITY extends IN their direction far exceeding the
lebh rate 81 ntcres. seventeen years ago lots were
purchased AZ The upper eud OF Eighth avenue, New
ioIk a. ess lhan ATTY dollars: they are not for
sse ~ s8.Voh wat the value OF these Flatbish
lVlN tHaN w seventeen from IL WOUlU bp
ulutut w Oreieil As IN New York, the direction OF
1ashonaOe residence was changed by the laying out
OF Tue Park 10 lts ntRfbOrhoOd and above IL until
now me commanding heights beyond from Manhat.
tanvlle 70 klnysordge seem TO be their destined
resnh4 pace, ana rum avenue aud Murray Hill
promise 10 be desersed so n " but Isely that in
BROOKLYN the stately mansions that now rear their
nne proportions on the heights there Will bc In time
gwen over To other occupancy and their present ten
ants. putting Prospect Park between them and The
city, seek the outlying townships that are rendered