The New York herald., 1869-01-20
REAL ESTATE MATTERS.

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Auction sales or Real Estafs Yesterday.
The auction sales Of real estate yesterday were
well attended notwithstanding that the offerings
were comparatively light the general expectation Of
largo business this spring inducing alike holders
who design bringing their property into the market,
ana spectators who contemplate operating, to be
present at these early movements and learn the
tone OF the market, and judge favorably OF
the prospects OF profit likely to arise In
either direction. So far the encouragement has
been reasonable The property offered for sale
has excited fair competition and realized
just apprecative prices, and unless holders should
too greedily seek to at the figure which
the various improvements in progress and design
point that their possessions viii one day be worth
the ancipations Of large dealings in real estate next
be borne in mind, however, by these that specua-
t0n In Hal estate Is not like speculation In stocks.
Men do not purchase the former In the same spirit Of
Ing the agencies looking to their appreciation In
ducements to operate yet with the knowledge that
they may at any hour be dssipated but calcdang to
sell out again before that time comes while In the true
spirit OF the man who risks his money on wager,
accepting the chances. On the contrary, in buying
value rs q permanent investment, even although
they may SIMPLY take "contract or intend to
"csrryn i for q short time, that being condition
Thus bidders for real estate, as rule. have good
idea OF the value OF piece OF real estate they
make an offer for as the owner. Theyshave made
themselves acquainted with all the present and pros
pectve advantages possesses, its chances OF appre
citation and their exact value, and have settled
in their own minds previously how high they
are willing 10 go In their bidding. They are
prepared to give pretty nearly what its pre-
sent value Is; but they viii not be found
willing to give what it will be worth say when the
Pacific Railroad is completed, or when the obstruc-
tfons at He'll Gate are removed or when the Brook
yn bridge Is bailt. II the owner wishes tolget that
price they are quite willing he should "carry" his
lots until that lime arrives, pay taxes on them and
lose the interest on his money. The increase in the
value OF land In this city and adjoining districts is
steady and RAPID, IN obedience to recognized and
well known currents OF growth, progress, improve
ment and metropolitan development, and can be Sc
cured at any tine In the market; but the character
and influence " these are too well known to be dis
counted.
Below We dive particulars Of yesterdays sales,
with the names OF the purchasers
YORK PRoPERTy-BY JAMES MILLER.
lot with the improvements, known No II Walker
q, between West broadway and Church ST. Sorl0o,
BY JAMES W'aUrnE
lease Of ons lot FOR q with three renewals from
January B65 situated OF lSth at, 1913 II from 9Th
nv, 25xi0ls Benjamin Marks 800
Lease lot for 2f years, with three renewals
January l55, situated on the OF 4Sth s, 325 Il from
naooKLYM paopEnrY-BY MrssEs JoMssoS 4 aIIIEE
lot on the corner OF 7th nv and Macomb st. 25xl00,
LOT, adiolnhe above, aaxioo wIJo6nscn isSo
lot adjoining above 22xl00, WJohnson. ls75
lot on Carroll st. between sh and 9th avs 12x7al Mr.
aios on Presidn. St each lot siio Peier Dcnney 5000
sics fronting On s A. commencing at the corner Of ~,
lots fronting 4bth st. $50 n from 9Th sv, each aox
aSe Ia AZ oa nes ana sr:cn st.; between Grand and %
Casson ava "a Il front Dean 81, about 50 II rear,
9ft In front on Bergen ST. looo