The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-17
REAL ESTATE MATTERS.

The real estate market exhibits increasing activity
IN suburban property, while free offerings continue
to be made OF large tracts in the several localities in
the neighborhood Of New York, which, during the
spring, attracted the attention Of buyers in large
numbers In city property there Is much less ex-
element although transactions ut private sale ind-
cate the steady and growing appreciation Of land on
Manhattan island, reflective Of its added wealth and
commercial Importance. The upward movement of
trade along the line Of Broadway has extended u
Madison square, where valuable improvements
and alterations are in progress OR con-
temptation that Will make this locality
an important business centre. Fifth avenue
beyond this point is yet sacred to the uses Of the
ton; but in view OF the approaches already made 1t
would appear as though another exodus OF the fash
ionable world. similar to those which the past his
tory OF New York offers, still further north will not
be long delayed. The course of this progression,
which was adverted to not many months back, is
now marked BY sporadic eruptlons of first class i'm
out. Turning from Fifth avenue along Fifty-seyenth
street west 1t ID easily discernabe from the style
and extent OF the buildings recently erected
and now going up that this is to form
the connecting link between the grandeur Of
The old estate on "the avenuen and that
Drive. Two conditions obtain for that street this
prominence-one negative and the other positive
Flfynint street. although possessing the superior
attraction OF fronting the Park, is Objectionable be-
cause OF the railroad running through it, while Fifty.
seventh street has the advantage OF being Of the
above Fourteenth street. Among the most notice
able OF the improvements recently made in that
the as sample Of the
block Of ten houses that have. but
short time been completed, on the north
side or Ffty-seventh street, between Eighth aud
Ninth avenues. They are situated on one OF the
highest points OF the island and at the terminus of
the Grand Drive Just beyond the radius Of the Grand
nuif I'M vIa
the massiveness OF their construction, grand eX.
terror and elaborate and thorough finish inside
tcular, indicate BY the most reliable OF all tokens
the confidence OF the owner owners IN the fashion,
able movement referred to, as under no other cir.
cumstances could they be made profitable. IL may
be mentioned incidentally, in connection with these
and other houses OF the same class Of late construc
tlon that In the fitting up OF modern residence the
liberal provision made for all the necessary wants OF
housekeeping by fixtures leaves little to be provided
tenant excepting room carpets tables, chairs
Railways dispense with the necessity OF oIlcloths
and polished staircases render covering for them
unnecessary. stationary basins and toilet stands,
ample closets and drawers bookcases. stationary
washtubs, range and boiler, with hot and cold water
pipes running throughout the house. are at hand to
house affords necessary store room while on every
hand the accommodations Afforded exhibit an APP
probation OF mans manifold wants that could
not be exceeded In palace, and provision for
which Is the highest luxury. Such are our later
Drown stone fronts" short distance west of the
houses above referred to Mr.. Bonner has commenced
work upon what In designed to be magnificent
residence for himself and family. He has purchased
plot running through TO Flty-eighth street. and in
the latter front he Intends to erect stable for his
favorite trotters which. II 1t does quite equal will
yet approach that built by the Emperor Caligula.
And why mott ISN'T he, too, sovereign Going further
west and north along the Boulevard the indications
are equally apparent Of the direction OF the fashion
able movement after 1t has left Fifty street,
and 1t may be accepted as settled fact that west.
ward the course OF fashion empire takes its way.
Concerning the prospects OF the real estate market
during the coming fall It Is quite impossible to form
any judgment the present unsettled condition OF
the money market and the doubtful contingencies
growing out OF the extensive combination reported
IN the gold market. At the sales OF suburban lots
already held the attendance Indicated q good in-
quiry, and prices stated to have been satisfac
tory AT Shippen Point lots averaged from ST. 500 to
81 200 per acre, and avenue lots sold from $50 to
$ll2 each.
Snles Of Real Estate Yesterday.
The following are particulars OF sales OF suburban