The New York herald., 1869-11-29
REAL ESTATE MATTERS.


great falling or prices writes to US to express his
views In opposition TO such and upon what he
regards as the present and prospective condition OF
the market without advancing anything new upon
the subject as the arguments he uses In support OF
his belief In the continued hrmness or the market
have at various times been before applied here his
letter contains points OF pertinent appli.
cation at this time. lie says
AsI have been engaged as real estate broker In
the city OF New YORK Tor some twenty years,
j am daiy asked whether the real estate market IS
not duh or hat ana whether prices are not on the
declince, to ali of which have unhesltatlngiy an.
Hwerea no, II we compare the sales being made
from day TO day, with the general run OF safes dur
ing past years Real estate since the year 1872 when
it commenced to revive from the shock 1t with all
other securities received IN the great reyulson OF
1887, has continued steadily 70 rise Ia value and
prices, with only occasional checks to the present
time, because capitalists OF TINS city ana rom
abroad then began to appreciate the ultimate growth
OF New YORK Island, and nave invested lnuch OF
their surplus funds in vacant or Improved property
In this city, IL ID true that the present state OF the
market Is dull compared the excited state OF the
market OF last winter but few persons stop 10 con-
Bider that The market al that time was In an
unparaleled state OF excitement as often happens IN
the stock maraet, competition ran high, almost
Wild, at auction safes on change, ana even private
sales paftook somewhat OF the same nature, the
difference being mat most OF the private sales were
b nj Noe, While many OF those at auction were not.
AT tnat time II Was apparen. TO most Intelligent per-
then ireuue ting tue saiesr0om that the excite
ment would soon come To a sudden end, ana IL was
til feared that the collapse would produce a
greater stagnallun tnan IL ever mas. IAe SuihiHeI
season that followed brought with 1t quiet mar
ket but should not forget that real estate ~ gem
erally du during the warm months, wlen most OF
our money yed men absent from the city, seeking
repose III the country; nut eau assure any one VINO
s seeking information on this subject that there has
no. been any aiifne of in rices oi vacantslols from
last WINTER el en- i'll welilng houses, but rather
that all tile sales when lave been made during the
last summer aud those nov belng made daily, lRdl-
cate advanced prices, ana can safely say that the
number oi sales being made are equal not greater,
tnan me average that have been made for several
any one wno will take tAe trouble to examine the
records or tho transfers published In the uay Jour
nais And 1t is per ecty natural that thus should be
10, lAr The march OF Improvement Is greater IN
eacnSucceedlng year; our wealth and population
are constantly increasing, commerce Il moving up
town.. urlyrg our citizens before IT. many OF our
farmers and manufacturers, who have amas5ed
fortunes during the past nlne years n1cA 70 lnis
great emporium to reside ana invest their money;
vacant lots are becoming rapidly less IN NUMBER as
the years roll on, as the marcn Of Improvement can
20 but one way the Is and, e., nOrInward. me
Park USES up auouJ 5000 lots, leaving but narrow
area on either slae OF 1t. Many other parks are
being made ahd projected, W., Manhattan square,
Hamilton square, Mount Morris PARK, Morning Side
and River Side PARKS; great NUMBER OF new
Aigh Bridge or Reservoir Park ana Fort Wash
,ngton Park, all OF watch together VIII aosorD
about us many more lots as the Park; then
the district of the upper part oil the island ying
north OF ManhattanviIie ana west OF Eighth
avenue will be mostly used Tor villa sites. occupy
Ing from four lots to acre or more and cannot be
used IN any other way whlie Yorkyle, Harlem and
Carmansyiiie are even now literally covered with
DuIIUuuS, puUUC 50, Win lubSe I'LL
provements going on, and bcautilylng and increas-
lug the OF real estate now ask, can one cx-
pect any ial III prices OF uptown vacant lots.
predict That man living Will ever see any material
Iat the price oil real estate on New YORK Island.
The HERALD has not been anon. those that pre-
dict any considerable decline in the prices OF real
esrate at ali events on Manhattan Island. With the
falling Off IN the gold premium, unlmproycd
properly must necessary decline in repre-
sentative greenback value, although not IN
actual value; but improved property from
winch a greenback revenue Is derived, IN
In the shape OF rent should continue firm II 1t does
not appreciate Ine opnion has been expressed
here however, that dealings III real estate would be
very much limited during tae next few weeks: The
approaching session OF Congress ana the contingent
likely 10 ARISE IN the financial situation ol Tie
country directly affecting the currency, by ITS ac-
against engagements extending INTO the future
hence the present stagnation and that we look lor-
ward to, may exist without any depreciation III IS
simply the application oi sound conservative busi-
ness judgement at a tune uaHiIesVy calling lor
such caasion.
real estate during the past week.
NEW YORK-IMPRovED PROPERTY.
TUESDAY, Nov 23..... ..St5S SOJ
NEW yoRK-uSIMeEoyED PROPERTY -,
1'' sunuRnAS-ImrnovED slgs PROPERTY.
Monday, Nov. 22, Railway, n. J....... SL150
Tuesday, Nov. - Brooklyn. .lo6,ooo
Friaay. Nov. 2s, CentreylIe N.J.... e4ao -.
sunuRBAS-uNlmrRovE PROPERTY.
Monday, Nov. 2, iahway, n J..".."ss6gs
Tuesday, Nov. %, Brooklyn. ..........lO, 40
Fpaay, Nov. 70, Cenlreyie, \. J...... ',lO2
Total for the week ending Nov. 27....... $500 s7l
The following exhibits the totals Of the alierenI
kinds OF property sod at auction during TIE pfeeed'
New York-improved Observation-Disclosures. s1),s4t
New York-uuimproyed Observation-Disclosures. AZ. 50l
Suburban I'm proved. ed...................... ol,0lt
Subufban-uhiInpfoSed.. ed...................., ii,lo-
Total for the week ending Nov. 2O......s slsl, "a.