The New York herald., 1869-05-27
REAL ESTATE MATTERS.

The market for city property Is becoming more
nat every day, the transactions growing fewer and
less interesting each succeeding week. This prostrar
ton not accompanied with any weaker feeling In de-
sirabe property situated on the line the neigh.
borhood Of required improvements actually under
construction, as was amply proven by the sale Of
Boulevard lots to which reference was made yester-
day. In further proof Of this and as Indicating tho
nature OF the Improvement required to place West
chester property fairly IN competition with other
suburban real estate, and as furnishing the real
reason why many sales OF that class Of property
were comparative failures this year. Is cited the fol-
lowing example,
Last week was q busy one with the people Of
Unionport, Westchester county, who just begin TO
realize for o fixed fact what has heretofore been
merely prospective-nameiy, that bona Nde rail-
road and boulevard 100 feet wide are to pass
through the town aud connect 1t with this city.
After many fruiess attempts this great desideratum
is In q fair way to be accomplished ana several
gangs OF laborers are now engaged IN digging and
grading for the UntonpOrt, P0rtchester and second
Avenue Railroad.
The importance Of this movement can hardly be
possible results take into consideration that Port
chester Is almost at the State line between New YORK
Connect the new W enterprise , with the Saueatucs
Railroad, aud by 90 doing thus open new line TO
besides as its inmediae result placing vast extent
Of country the East river and Sound shore within
twenty and thirty minutes ride by rail with the city
oil New York, and an idea Of It's Importance may be
gained. The extension OF this road through COnnec-
ticut now being agitated by the property holders,
with view to applying for the right OF way to the
Connecticut Legislature next winter.
AT Uni0nport greater activity seems to prevail
than at the sister villages, over 200 lots having
changed hands, at greatly advanced rates, during
period OF two weeks, and the demand for small plots
still being active by parties coming from the city
with view to build and become residents Of that
healthy and picturesque locality. Many are pur.
chasing for speculative purposes, PROBABLY having
confidence in the still greater rise In real estate
as the work is completed on the railroad and
Boulevard but many more simply purchase for their
own use, the place offering great Inducements for
those wishing to make homes there, from the gu-
perlor class Of residences already erected steam
ferryboat makes regular trips daily between Union.
port dock and Fulton street, New York, while for
fishing and boat sailing and Its magnificent view OF
the East river and surrounding country, Unionport
hammer is heard on new buildings In the course Of
erection, while large number more have been
contracted for to be built during the present season.
The gas question Is now being agated and meet
Ing been called for next week to take into con,
sideration the pr0prety OF having the Westchester
Gaslight Company continue their main from West
Farms lone mile distantl to Uni0npOrt, with view
to have the principal streets Of Unonport Lit with
gas
Enterprise OF this kind Is certain TO pay which IL
about the greatest stimulus to engage III 1t that can
be applied.
In contrast to the demand for property on the east
side OF Westchester county Is the dulness on the
west sde exhibited In the failure OF recent sale
OF YOnkers lots. 1t seems, however. In the latter
case, that the owners really expect to get too much
as some lew lots were Knocked down before the sale
was stopped at an average or Sc. 600 per acre.
and whatever the local attractions may be, yet for
all purposes Of suburban residence this quite
enough to pay, where travel to and from the city Is
the Hudson River as such great distance has to be
travelled on horse cars from the depot TO the bust
ness centre.
The dealings in the market yesterday were light
and present no new features.