New-York tribune., 1871-01-11
REAL ESTATE.
HEw-YoRK. Tuesday, Jan. 10, is71.

NEw-IoRK, Tuesday, JAN ~ isIl.
The only sale at the Exchange, to-day, was
conducted by James NJ Miller, under tho direction Of
Thomas H. Landon Referee who sold by order of Court
otCommon Pleas thetwosOry, attic, and basementbrck
house and lot No Is Waker-st, for sl7 ooo.
The lot s 2Ox1O and Is valuable for Improvement At
private sale the market was firm.
Messrs. Roberts & MCGUIRE viii sell on Thursday by
order OF the Supreme Court, 4story brick tenement
house, with store, Twenty between First and
Second aves. and easehod property known as No. 900
Pearlst. Both sales are under direction OF Daniel p.
| The Philadelphia North American. in reviewing The
Rea Estate market in tat city Tor the past year. says
"From the Official report Of the Building Inspectors Of
this city we learn that the whole number OF permits Is
during the year 1870 for structures $780, Of
which there were G3 fourstoried edifces. 170 three
stOred and 269i twO-stOIied; and included In the list
are one theater one museum. one musc-hall, hos
pital, banks, three markethouses one home. two
mills, statiOn-huuse eight churches, two Cbape
fouIdeFie four lighthouses six brewories and 200
bles. Altogether the whole number of new business
structures erected was 49, but II we add to TINS the
number contained IN the list OF alterations OF dwellings
| into stores tire total would exceed 1,0CO.
1.-THE result OF the year business while improves the
appearance OF the city very nuch has not been crafty
all kinds of property being oyestoeked from the pen
ming To the end of the year. with the supply Increasing
at such rate as TO leave no chance for working OF the
surplus. AZ consequence prices aud rents have fallen
seriously with holders still lighting resouely against
any acknowledgment OF the TACT We have satisfied our
selves by careful inquiry that prices and rents both
have fallen, except in certain commercial ceners not
withstandlng all that may De SAID ABOUT eAccPtOhal
| cases.
"he operations OF the year have not favored Chestnut
ST. property, and the tide that set IN against few
years age, IN cor.equence OF the enormous rents oi
ssrs sJl running strong. This current mas hocded
other with Xpccted business, ana there are
many idle stores in Che.tnut-st In fact the business
character OF the street has been seriously injured by the
excessive rents and there viii have TO be large decline
before the current will return TO the old channel AS
consequence ~ these high rents, Improvements our
ing the past few years have taken start again IN Mar
ketst., and the mercantile character Of that highway
/ seems 10 he more hOurishing than ever. 80
"Much capital has within the last five years been with
drawn from estate in the city and put into corpora
stocks and bonds In consequence OF the superior
returns and the relief from taxation PrOpertyowners
have also been rendered nervous by the extraordinary
that they resulted from incendiarism But this with
drawal has been about compensated for by the steady
influx OF the middle classes from all parts OF the country
seeking homes Of their at moderate rates, and by
perseverng efforts OF all classes OF our people to own
| their residences. go
"The latter part of the wear 1870 has been prolific in
movements destined 10 influence prices and rents. Coun
eils have at last resolved 10 establish Paid Fire De
paTtment anu relieve of the volunteer curse tat ha
demOralzed our youth, scattered b!ackened ruins ali
increased insurance rates and driven away
nervous underwriters. The department Is not yet
in existence but being fixed fact IL has already eXer
cised a salutary influence, and infused new confidence
into the real estate interests The manufacturers
especially relieved their establishments were con-
stanty threatened Combinations or real estate Oper-
have arranged immense scheme OF street open
ing grading, and paving in the western sections, at
which beginning has been made. The effect upon pro
perry that district viii be seen during the ensuing
season"
,rCTrOH SALE OF NETWORK REAL ESTATE