The New York herald., 1872-12-01

and the consequence of all is that reliable quota
tion OF improved property can be OBJ
tanned upon which to base any calculation
for future reference. The value OF "adjoining"
land at time used to be criterion to go by in
order to estimate the price of house or lot, or
both AS 1t Is now every owner makes his own
valuation, and no matter how absuraly high the
Agures are placed there still those who are de-
mented enough 40 become the victims Of foolish
mans fictitious appraisement, and In this manner
uptown property has been screwed up to o tension
which some fine day will certainly snap on the
slightest additional pressure.
While 1t is no more than Just and proper that
lot 25x1OO located in first class locality, should
bring $400OOif Mr.. A. can AFFORD to pay for 1T, Mr..
b. who comes afterwards and wants to secure the
adjoining plot, is made to pay $4,000, merely be-
nelghborhood respectabnity; hence the latter
pays for gentnity high price. This Is no fancy
'sketch. Uptown lots have jumped in price in the
ratio here quoted without any justifable cause
that can be assigned for the enormous rise, ex-
cepting such as was the advice OF the Snowman,
who proposed that "YOu pay your money and you
take your chOice.n
stringent money market has had considerable
otherwise there would not be SO many Court sales
OF property at the Exchange that have occurred
suing week. Scarcely q day passes but some piece
OF property is disposed OF at auction BY order ofa
The following legal sales were erected yesterday
at the Real Estate Exchange, III Broadway
BY Z. II. Ludlow 4 Co.: by order ofC. "A. Jackson,
East Fifty fourth street. seventy feet west OF Third
avenue, 10 Henry J. Burchel, for s2sooo.
JYvs, Jr. Referee, No. SO Carmine street, to Ber-
nkrd Armend, for $2d,soo; No s5 CaImine street,
same street had also been advertised for SALE but
before the auctoneer received the first bid the de-
9endant to the suit settled his liability and the
property was withdrawn.
house and lot north side OF Filteth street, sixty
feet west OF Lexington avenue, lot 2ox4s, was sold
to William Joyce Ior s15,SOO. Beyond the sale OF
Q few shares of miscellaneous stocks the above
were all the transactions had at the real estate
mart yesterday.
Several valuable pieces OF property located east
and west, contiguous to the Central Park Grand
market this week. Negotiations are now pending,
which purchasers are deSirOus to have kept secret
Messrs. Auienger \ Ehrenreich 3a Pine street,
basement brown stone houses on 123d street,
between Fourth and Madison avenues, each
These houses. being located so near Mount Nor
ris Park, will readily md purchasers, this vcin-
1ty is rapidly hling up with the best class Of resi-
dents The same firm reports the sale OF four lots
on 120th street, between Fourth and Madison av-
enues, S6x100 feet, for S35,0OO.
The real estate transactions by order OF referees
during this week bid fair to be very heavy, Judging
% ane sa o.s w oy Of
for reference, as 1t includes the sales for the
ang six days.
MONDAY, pEcExnER 2.
10Th st, g. s., between and Z, house and
lossh ST. n s. Is it W from corner ist av house A''
lsi av., iosth house and lot saiix75
:h ,'s St 1ns q lOs sssIos
bth av. n. S. l56 # in. II. from corner 44th ST.,
water ST. n s. soi house and lot ... SsxsS
"a 5, in corner Broadway 2iotssc1ss
boulevard e. s.. 2s II IN. from corner ". 77h
Bsaisvsrd, s.. 81 IT s.. in "
77h st, s. lis II W. nom corner 10th av, lot " asxiGs
Th st, s. lso r W from corner 10th ay lot. 25x0,2
;s;S a ;d 5S% .s ssrnsI ss
Cliff st, n s. No. AZ, house and ot.......... :. 25xsl
Av. G, n. ~ It from i7fh St lot.. 23xSS
Is, av., e;s2 z IT. in $ from corner 10th St.
s7th s., n. $, 1872 it e. from I'd av., house
sd s., lis feet av. house s''s
N corner ith av ana io7h st. 20 lots ''A'''
ssih 40 it n Lex. av., house 00N,Os ~,
lot sxloo5
ssth st. n $. ISo it W. IT. corner 4ih ay house
s,,s and q, lot IS = co-o.r a;n 2sxISos x S
l2sth St, $, 800 IT e. corner iOh av,
raipAY, pncrxnER g. = 80 1'"
Water st, between Montgomery and Gouverneur
Centre St. e. s. 20 it in. $ from corner Pearl .'
SATURDAY, DECEMBER z.
COenties slip, e. s.. " It. In. from corner Front
Delaney s sS IT v. from corner Pitt St. ..,
HOUSE Soxfo
On Thursday, the 5th instant, Messrs. V. X.
Stevenson son propose to sell, at the Exchange.
the valuable lot 25xl00, on the southeast corner OF
Fifth avenue and Ninetieth street.
Considerable activity has been noticed in Wash
ington Heights property during the past week.
Although IL was expected that the purchase OF
nine and three quarter acres made through
street, to the Columbia College, would improve
lots In that vicinity, yet the most san
gulne did not dare to anticipate such
a decided advance in price and value. The
deeds for the new Columbia College site were
passed few days ago, and 1t is rumored that the
Faculty will soon adopt energetic measures look
ing towards the erection or a magnificent ediiice
such one as will reflect the highest credit upon
30 wealthy and renowned a corporation, and at
the same time be an ornament to the classic and
enchanting locality upon which the college Is to be
situated.