New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-27
REAL ESTATE.
NEw.YoRK. Saturday, Sept 25, 1869.


The market for real estate in this city con-
tnues quiet but firm. This been Its since May
last There has been general decline in the prices
which property is held. No doubt there have been iso
lated where who had become involved
rash speculsons have been forced to sell The connec
ton between the money value OF real and the rate
of interest is very intimate As general law 1t
will always be found that when the rate OF interest
high the value Of land and houses is low and on the
Sther hand when the rate OF interest s low real estate
much lower than In New York, and the value of land
me for money this city has been ia unusual
lsproIortion to the supply. and as consequence the
prices Of real estate have been nanS s So
stance is that people have beeved-what, indeed. is
scarcely dOubtfuhst the scarcity Of money largely
sYer may be the truth with regard 10 the loan market
noders of real property have nor yet been persuaded
that decline in real estate is inevitable The average
consideration OF 1855 transfers Of real estate recorded at
tho Registry ONCE this city during the months Of jan
n1sc. The average Gf sss tPan:Srs faaas between
MAY and eptsmber L was slssS7: increase Of per
e. Of January taking the streets from F snS
seOline On, FlftysiTth-sts north side, FEBRUARY
for Aug 10 we End 81 s2an sss1
lot S.s 4 the ss @ %e for ss On
10000 We have before us memorandum OF some
<orY traIsfsrs Of lots In the six lots Enclosed by Fifty
third and Fftyeighthst Fifth and sixthaves cover
INK period OF more than eight months from the of
sanuary TO the present time careful inspection OF
The list fails TO show any fall in prices Considering the
difcuty OF obtaining money, the amount OF building
which has been done this Summer is wonderful To the
south and east Of Central Park north of Forty fifth
81 and west OF Third-ave., brown stone fronts in
b5 1s process OF construction, may be counted
dral the new st. ThOmas's Church. and the
new ednce of the Collegiate Reformed Dutch Church
VIII bear comparison with any churches In the city,
any modern churches in the world 1t is difficult to
der about In the region whose boundaries given
a0ove without being literally overwhelmed by the evil
uences OF vast wealth which meet the Observers
every side: No person, however gloomy his tempera-
ment can do 10 without being convinced that NewYork
mas grandeur OF which Its
snd present are utterly Inadequate
The table of property sold by auction shows
crease In the number OF pieces. On Tuesday three
Sales $50 New Jersey lots disposed OF SIT $751;
the average price exceeding 800 p0r lot OF 2xO0 The
property sold consisted Of Greenvie and West Bergen
lots On Tuesday Messrs johnson and Miller advertised
sell 500 lots at the Six Roads, In the Third Ward of the
City Of Railway and on Thursday 800 lots at Linden be-
tween Elizabeth and Railway, Messrs. A. ID. Mellck jr
Bro advertise 70 sell the day. 90 lots at Bay
Dnne All the'above sales take place the premises.
The following sales OF real estate in this city made
on Friday by Mr.. VI. A j. Lynch:
lots 5tthst between 5th and MAd0nAyes 900
Pseisest Brookn each 2oIfOIlOO esoo
lots 56ih and 5Ith OShaye 3oI2OeI2O 2o0o
House 26thst thEvs 6er<IKB9 hO0o
tlORse