The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-11-28
REAL ESTATE.
a Veterans Views-What He Thinks About tho
Market-Preasnt Duinsss and Pro-
ssf spsotivs Animation.


seat, sir.n
Tho place was back once In the middle OF the
dock on Cedar street, between Broadway and Mas
san street, on the north side, the time afternoon,
Enc mterlocutors myself ana Mr.. A. J. Blocker the
veteran auctioneer OF real estate In this city, and
1he occasion desire on my part to learn something
III respect TO real estate matters OF tho present
time.
Isought Information here because knew would
get is honestly impaired, without bias Of feeling
without coloring In favor Of any special interest,
ana with the crown mark OF experience and intcll-
gent extended observation.
The first licensed auctlonecr In New York city was
Anthony L. Dleecker iLho family II descended from
tho early Dutch setcrsl projentor Of the present
old gentleman who In this Interview sits uiS.a-rts
with me, genial, pleasant, communicative look
upon nis broad face. the gathered frost Of many
winters silyering his head with shine eloquent Of
honorable TOLL impartlng kindlncss to his ap
pcarance that invites communion.
Mr. Checker, said I, after the usual compliments
have called On you to get your views on real
estate. t
Mi. BLEEcKER-well. SIR have every disposition
to oblge but your single question involves SO much
that am afraid II were TO undertake to answer
you We would not get through to-duy. I like tho
HERALD for the course II has taken in connection
with real estate interests. Mr.. Bennett, whom by
the way, am happy TO number among my friends
early saw, with that prescience which has
distinguished him throughout hls career,
the vast Importance OF that interest In connection
with tho growth Of New York city, and has been
ever consistent advocate Of it. New York IL
largely Indebted to him for many great improve.
ments, end real estate owes much to the HERALD,
rejecting Of course the spirit OF progress and de-
vcopment for its appreciation.
lNTEHVIEWIST-I agrc5 with vcu tbnrn Mr.
Bleecker quite outside Of the partial feelings which
as an attache OF that journal, would naturally
alect my opinion OF the EERALD's influence; but to
return 10 my original inquiry, mean what do you
thlnk Of the present condition OF the real estate
MarKet2
Nj. BLEEcEER-Well the most dist,ncu,sh,nc
feature about IL Is dulness and has been Tor montns
had . lew very successful sales during the sum.
0bainedi but take 1t Tor all In all the real estate
business Is dull, very dun, Just now; but think
asre y Every encouragement 10 look Tor an active
isrEavIGwIsT- arc your expectations OF an
Mr. sIngcEER-IS viii be lime for another move.
meal. Real estate IN this vicinity cannot remain
s'asnant FOR any great length Of time. The yearly
csal CHANGES mat lake place in localities either In
rcspect TO localities or improvements are suffcent
TO cause such disturbance in value as win slmu.
az, , seculatlon rhis Is leaving out OF consdera-
,iOn tne numerous projected that gain
gian every year and wcA as quickly as men
likely TO DC affected thereby, Just the same "a anv
thins affecting railroad or likely to influence aoid
Is discounted on the stock Exchange.
INTERvIEwIsr- What DO you thus OF the late sale
or Cenlral Pal k lOtss IN 49, ~
Mr. BLEEoKEE-That is scarcely fair question to
ask me-, as tie sale was made tnreurh norher
house. am MOI likely to be misunderstood. how
Eyer eyer IN ths matter and may say that think the
at which IL was attempted. -.S
=, iAlEayIEwIsr-TnaI Is certainly very logical, Mr..
Seeeaor, put permit Inc 10 suggest Rather un-
:, Mr. BIEEcKEn-Wei 1: Goes not become me to
st ~ Judgment upon matter OF that Kind and you
VIII excuse me. Inc result, however proves that
the market was not able TO absorb SO rauch hirh
priced properly at tuis time. This Is what meant
py tne sale being inoppottune.
IhrEEytEwIsT- Iiow DO the prices that were OBJ
tanned iol the lots sold compare with tho prices rea
March 1865? =
MI, BLEEczEn-calculatlng taxes ana assess-
meats ana the interest on the money invested the
latter prices were not so good. But the comparison
IL NJ. Oily fair sold the Tanan estate at the
in mr. dealings Il was ono o. the moist
successful sales III respect 10 the property
disposed o. ana the prices obtained ever made III
isrEavIEwlsT-l recollect the occasion wen, Mr..
Beecker; IL occupied you TWO days at the EX-
change.
All. BLEEcKER-Yes, and we had splendid COM
pany. 1t cou.d not be repeated now--and why
There has been reaction since In the activity OF the
market, and such an Offering now would exercise o
depressing influence.
tina, appeared In morning paper the day Of the last
Centia Park sale bearing upon real estate at the
Mr. BIEEcKER-Ycs; read 1t, too With q great
doal OF surprise.
NEUTRALITY-SUSPICIOUS. hat Is your opinion Of the Justice
ofIt'
Mi. INSTRUMENTATION or 1t is true, but the points
are TOO strongly put. The great cost Of improve
ments IN that neignhovhood assessed upon adoln.
Ing properly Is certainly heavy drawback to It's
salablGlty But Ia the Hands OF strong holders 1t
must eventually pay. ana VIII II Is, however, too
high priced for much speculative activity and too
h0avy 70 carry. ..-.
lNiHnyInwsr-what is your opinion, Mr..
R1pns nf fno AN nj arno sp,o
upon real estate values here
Mr.. BLlEcKER--lt ought l think, to strengthen
other streets VINO neglect their business ana get
lighting, get their trade ana grow prosperous. so,
II England ana Russia engage In war, we shall have
to feed enc or both ana maybe all Europe. Our
profit Will DC great, and very much OF 1t is nicely
lind its way into real estate.
lNrERvlEwIsT-- How If cur bonds should come
tumbling back upon US
Nj. BLEEoKER-lhat is unlikely; but, even II it
should happen, II would send gold up, which would
advance AL other Values and whatever other inter-
esls might suffer real estate would be likely to benefit
by the movement Of capital.
INTERglEwIsr-Whai GO You think Of real estate
outside OF New York; that is, in the adjoining coun
Mi. BLEEcKEE-At present there is very little
dong We had g few rood sales oil Jersey property
during the summer The vast Rutherford Park sale
Westchester property under decree ofthe Supreme
Court recently at very firm prices.
iKTEHvIEw1sT-H0W about Brooklyn?
Mr.. BLEECKER-l don't care TO give an opinion at
present about Brooklyn property. Taxes are very
hcavy there. 1 hear, however, or n purpose TO
draw attention to property there beyond Prospect
Park and outside or the city limits next spring,
Tits s to be stimulated by the promise, or perform
ance, OF "a new railroad ana ferry.
lSTERyIEwlsr-Do ven think there Ia any Chance
OF early rapid communication with the upper end Of
che is,ana2
MIR. BLEEcKER-We al hope so. There are so
many plans, however that the Legislature well may
hesitate as to its preference. The necessity Ia,
however, becoming every day moro pressing, and
solution OF the problem cannot be much longer
delayed,
INTERvIEwIsT-Good afternoon, Mr.. Blocker
Accept my thanks for your courtesy.
Mr.. BLEECKEE-Good evening" sir. No thanks.
am always happy to oolige any or you gentlemen
or the press The press Is the great lever OF the
Ainetcenth century
And bowed myself OUT
FiEs0sa CRIME
A Woman Outraged and Robbed by Three