The New York herald., 1870-02-28
REAL ESTATE MATTERS.

The real esate market for the week just psss has
oeen noticeable for much greater animation than
any for some time previous but oloses with less &C.
tivity than during the earlier days.
THIS has been brought about mainly through the
new speculative movement IN gold which has again
BY tts activity brought up grave anxiety in tho
minds OF most mon ~ TO what 10 to be the end 4
writer Tor morning paper said In his article yes.
tsrday:-"ln commercial departments trade n
generally langud. and values OF most descriptions
OF merchandise are unsettled owing to the uncer-
tAinties OF the future" The Same influence operates
to some extent upon rea estate, but only 10 an
inferior degree In the proportion OF the tess uncer
tainty OF ts future. That In the event OF an early
agreement between gold and greenbacks there must
be certain readjustment or nearly all values OK.
tending even to nxed ana real property seems 9
logical Inference. and the fears entertained OF
. great financial disturbance Ii tho .neces-
sity OF this readJustmcnl be precip,tatod
by any means not strictly !n accordance with the
natural laws VI trade very just argument In favor
Of the strctost conservatism respecting large en-
gagements This mas been the principal cause OF the
delayed interest Ia the real estate market this win
ter. ana now that " Is more prominent IN
mems mlnds " recent events. checks its opening
spirt
1t would seom, however thar so far a. real estate
IL concerned an exaggerated Importance 10 attached
Is this the case with improved city pr0perty-srs
made as Investments. ana by men not likely to be
forced by any temporary monetary CRISIS to realize
but capable OF carrying their property better
times. There arc none VINO believe lp any perma-
nent depreciation OF real estate on this island
through any sucn cause as this; but where
rect Judgment Is used In respect to neigh.
borhood, as TO its probable sdeyelopment, ali
feo well assured OF future great Increase IN
value. The same principle applies Ia = modified
sense TO the metropolitan envtrons, ana unless
u very severe crash TO very ttle real Ga.
tate s likely to be thrown on the market here a.
sacrifice although, OF course there might 90 excep.
Ional instances oil this character Ia tho OF weak
holders. In season OF general nnancai disaster.
where there widespread forced winding up OF
mems AFFAIRS and tho Sherln acts as auctloHeer fair
realization not 70 be expected although the con-
hdence felt Ia the future oi New YORK would even in
this extreme anu unlikely case draw much capital
lf0m other places. as vclr as that large amount
which Is always unemployed here, INTO so saie ana
profitable an investment. The immense surplus
now conn ned TO temporary loaDs In Wall street ~
one OF the strongest Arguments that can be used 70
sustain TINS idea OF consnued nrmness In real
estaio.
Inc experience OF 1887 can never DO repeated nerc
lis lessons are too well understood. Who that pur.
chased IN the dark days OF that year or were able
10 hold their real estate period OF pan,c lost
tunes since been realized There are too many now
Wiling To avail themselves OF such an opportunity
To admit of much PROBABILITY OF its ever again being
Afforded.
One OF the most important or recent events In its
relation 10 real estate values 10 the completion or
Elevated Railroad through Greenwich street to this
HUDSON River railroad depot Its early opening pro.
missed and although unable TO speak at present from
Wctux! experience. OF tho chances or lLs beng
ceptcd In popular sense M public highway, It's
advantages anu accompodatlOn seem fair. II thus
accepted, and any reasonable arrangement In the
mater OF tolls can be efectcd with the Hudson River
read, the influence II will nave upon the value OF
property far up town on the wost side, In Wcss
chester county, VIII be very considerable.
Tho question OF quick communication with tho
business part OF New York one OF the trst AFFECT
Ing the desirabillty OF suburban property and ~
consequence the inquiry for It: and staten Island
New Jersey, Long Island ana Westchester all now
feel their reati0n In THIS particular
Particulars OF auction sales or real estate nave
already been given mere from day TO day. Transac-
tons al tho desk show likewise u recent Improve
ment and continued nrlnness. Among those latest
reported are ne following by N. A. J. Lyncn:-Four
four story brown stone houses on Fifty seventh
street. between Eignth and Ninth avenues $l41 900;
avenue &22 900; fourteen lots ON l05tn street. be-
tween Third and Fourth avenues $a2 900; four lots
on l4otn street. near seventh avenue, S. 900; four
lots on l49th street. near Seventh avenue (rssold
$40, ,000 twenty -four acres unimprOved property at
Long Branch, 100000 country seat Ut Brandon W.,
s30.O00 Total $4,000
Charles McIsay reports sale OF Sls2 900 OF property
during tha month.
William n. Raynor haa sold four acres OF ,ana be.
tween lS8tn and lssth streets. between Broadway
and Fort Washington hcight, for $45 900; also one
anu quarter acres at inwood, with nne view OF tGa
Hudson for 500 900; three lots Filth avenue
northeast corner SIXTY 0fth street. for SS7, 500;
three lots south side 1921 street. llg ses sast OF sixth
avenue, Tor 81, 500 each.