The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-10-08
Real Estnte ard tho Futuro Of New


With the termination of the long vacation
end the return to the city Of those who had
been seeking rest and recuperation ut the
various summer resorts the real estate market,
which, during the interval between July and
September, was comparatively dull, has re-
sumed Its former activity.
With the completion Of the Pacific Railroad
across the Continent, stretching from New
York to San Francisco In an unbroken line,
and which even now in Its progress has
brought these two cities, thousands of miles
apart, to within fourteen days mail communi-
cation Of each other, brilliant era presents
itself to New York.
Through this city the trade Of three oonti-
nents must pass-the products Of the manufac-
tories Of Europe to America and Asia, and the
material wealth Of India, China and Japan,
with our own cereals, to Europe. To provide
for this development great changes must en-
sue In this city, affecting both Its landed and
building interests. A new passage for our
increased marine viii be opened up in the
removal Of the obstructions at He'll Gate,
while incidentally to the transfer of CONNER
cial business to that vicinity, new docks and
capacious warehouses viii require to be built
both enhancing the value Of real estate along
the entire river front on the east side. House
room being rendered scarce by the necessity
Of ptoviding for the addition to our population
thus brought about the southern and eastern
end Of Westchester county viii be rapidly
overrun, as, with the construction Of an under
ground railroad as proposed, here viii be the
most convenient residence for the working
man, while lower down the necessities Of local
trade and tho varied enterprise Of cosmo
politap Population win davalon and extend,
providing for tho culture and comfort ~ ~.
alone Of this city, but Of the entire country. !.
Sheltered from the turmoil and hustle, dust
and dirt incident to the conduct of these nu-
merous mercantile and manufacturing inte-
rests, and presenting in the midst Of all this
commercial progress quiet, elegant retreat
with superior natural advantages of situation
and scenery, for the satisfaction and enjoy
ment of refined taste, the neighborhood of
the western upper portion of the city seems
especially marked out to DO the fashionable
quarter of the great metropolis. Here on these
magnificent heights, overlooking the lordly
Hudson, towering to a purer atmosphere than
that of the lower land of the city proper, is
presented suitable sites for the grand houses
of our merchant princes. The steady and in
cases remarkable appreciation of real proper
ty extending In this direction. and the intro
duction into the market thus early of
an extensive tract here situated give
signs Of speedy realization of this
future. This tract consists Of one hundred and
twenty-eight acres, being part Of the estate
of Isaac Dykeman, deceased, well known as
the "Fort George property" and containing
some unsurpassed sites for villa residences
It extends from Broadway, or the old Kings
bridge road, which forms its western
boundary, to the Harlem river, which forms
its eastern boundary. 1t is to be sold
in plots of little less than an acre
each, and from previous sales of less de-
sirable property largo prices arc anticipated.
In this the managers may, however, be disap-
pointed, as In auction sales much depends upon
trifing circumstances on the day Of sale; but
even such an event, while possibly delaying,
cannot prevent the certain appreciation of real
property in this city and Brooklyn any more
than 1t can alter the manifest destiny of New
York to be the great commercial centre Of the
world.
How England Loved Us During tho War.