The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-08
Who Constitute the Heavy Buyers
and How They Operate.
SOLID MEN TO THE FRONT.
Projected Improvement on the Corner OF
Broadway and Dey Street.
Napoleon and New York
Real Estate.
Particulars of the Sale of Park and
Boulevard Lots To-Day.

Boulevard Lots To-Day.
The article in yesterdays HERALD respecting .
new movement In real estate created quite an ex.
citement in real estate circles and was principal
subject Of discussion among the crowd collected at
the sale OF the Boulevard and Park lots, well
In brokers' offices generally. The weight OF opinion
was with the correctness OF the conclusions there
set forth, and many reader contributed ms quota
oil individual knowledge to sustain our Judgment.
Others cOntended that while period OF renewed &C
uvlly, beyond question: was close at hand IN which
former seasons OF excitement and heavy operations
would be repeated yet that the market
was in an NEGOTIATE state as regarded this
result and had yet recovered the nee led spring
and buoyancy to justify full confidence. In other
words the effect the recent stagnatlOn is still
upon the market, and checks the speculative ardOr
which would otherwise stimulate free investments.
This Is certainly true to a great extent, Judging
from the record OF public dealings; but there are
numerous transactions daily occurring in private,
In which the heaviest operators engaged prir
cipals which furnish the needed assurance 10 justify
our anticipatons.
FIFTH AVENUE PROPERTY.
The single OF sale OF the lot on the corner
OF Fifth avenue and Eighty-irth street Tuesday
W. p. Douglas for $47, 500 affords opportunity
to illustrate this Mr. Douglas has since been offered
an advance OF IS, 900 upon his purchase the lot
adjOi ming this, on Filth avenue, sold In November,
1862 O0O and S45 900 has only recently been
refused. This RAPID appreciation Is but the natural
result of the competition among buyers that has
prevailed the interval to get hold OF this kind OF
property, competition that has been quietly
the advance upon former prices Is starting.
Among the heaviest buyers OF this kind ol property
own or control almost the entire Fifth avenue front
from Flty-nnth to NincLleth street. The influence
OF these investments is also visible In the rapid ap-
MADISON AVENUE PROPERTY
and property adjacent thereto. extending all the
way from Forty second TO Tooth street and bounded
by Fourth and Fifth avenues. Tne Improvement OF
tins district has been almost marvellous winn the
last couple OF years. Whole blocks Of houses nave
been erected cross streets wnile on the line
OF Madison avenue the Improvements are Of the
! Madison avenue anu Seventy-lOurth street, which
| sold respectively three years ago at $4,000 and
ence IS that the same men who by their operations
gave the impetus the Fifth avenue and nelgnbOr-
| to me Boulevard The appreciation east OF the
PARK having reached a limit beyond whicn there Ii
ment they have directed their afternoon 70 the
| side as Offering fresh held Tor successful
Speculation by speculation mere We 40 not mean
based upon fictitious Values bat speculative invest
ment looking 10 future rapid appreciation.
THE HEAVIEST REAL ESTATE OPERATORS,
whose presence In the market Is the certain indica-
ton OF genuine activity, are John II. Power, Amos
X. Emo, L. J. Phillips (Mr. Phillips Is said 70 be
heavy buyer on The west sideL George II. Peck,
bought freely at recent side sales); Grlfith
Rowe we have already mentioned. whose greas
specially Is Fifth avenue property; W. P. Douglas.
AEON Smith, John ID. Lewis :. M. Peyser, Sylves.
ter Brush and ]. Blumenthal. These are only few,
preference in their investments and are exclusive
OF the numerous operators In west side property
%ef Inc future of the made on
that account present Q somewhat puzzIinR problem
TO real estate men, but while the improvements
,,roia od w
based their purchases, go on without interruption,
1t can remain a problem without detrlment to the
interests OF other real estate owners We have also
omitted the name OF once distinguished investor
in New York real estate,
who, il has been Often Stated, owns or owned con-
siderable property this city. The ex-EmperOr ON
HERALD that sucn not the case but in view Of
the distress OF mind ne was then suffering from It
is quite possible he may have forgotten the piece
INCIDENT OF LATE TRANSACTION
1t viii doubtless be reoolected by the readers Of
the HERALD that Dr. Evans, an American dentist,
became warm personal friend VI the ex- Emperor,
then In the zenith Of his power SO close and con-
entrusted DR.. Evans with the onerOus task Of In
vesting large sums in American property. Among
the real estate purchased Ia this city tor the Empe-
rOr was o piece OF property situated the north
west corner OF Dey street and Broadway, the Broad
depth in Dey street OF $50 This cost the
Emperor 900, the purchase being effected IN Or.
or late the Western Union Telegraph Company
has been hard pushed for room In It's present head
quarters. and several attempts have been made BY
the MANAGEMENT TO obtain another and more ex-
pansive location. In order 70 be as close possible
to The new Post once bid was made some time
ceDted Finally the company red to purchase
the Broadway and hey street properly OF the ex-
to him. through DR.. Evans, for this properly, thus
divertlng into Louis Napoeon's private purse the
'e us she iss OF May he Guiding at present on the
property VIII be torn down to make way for the
new headouarters. The promised structure VIII
probably be one OF the most splendid, as " Will be
one OF the most complete buildings on TINS C0nti-
nent 1t will be the great Geographic heart OF the
country, where the electric current Will pulsate
night and day rom and to the extreme en's OF the
earth. The announcement by the company OF It's
intention has caused brisk demand Tor ONCE room
THE SALE OF PARK AND BOULEVARD LOIS
yesterday, belonging TO the estate OF wa s,,
M. Smith, deceased, under decree IN paruuon Vi
the supreme Court attracted large aten9ance
to the salesroom comprising nm many VI ane
prominent real estate men OF THIS CITY, VINO
watched the progress OF the sale with much inter
est The terms were somewna nae va sro rom .ne
map upon which was set down opposite to eacn lot
the amount OF cash tnat would DC required 81 me
supolned report OF the sale both figures are given
The first lot put up was one On seven emu sncH
between the Boulevard and Tenth avenue, 26xlo2S
which sold for $5,soo $4,000 cash Following ms
corner OF seventy-scventn street 25.6Jsxg0 being
the southwest corner, brought go 900; $4,000 cash:
$4,000 aud $500 respec.vey; $4,000 cash on each,
Inc ak lots on seventy -seventh street, south
aide beginning ninety feet west OF Tenth avenue,
each 25xI02 2 sold as follows:-The nrsJ two near
est the avenue SAT- each, and tue others success.
sIyey for So, 100, $4,000. $4,000 and $3.50;
81 900 cash on each.
me Boulevard lots sold as foll0ws:-
Corner OF Seventy seventh street and the B0ule-
ward, gore shape, 26.41s fron. llo.4 on Seventy
seventh street, sis, 100; cash $4,000 Lot adj0in.
ing, same front, mean depth 1905, $l3,400 Lot adj
Joining, mean depth 80 feet, $l2,356. Lot adj0in.
Ing; mean depth $40 81, 100 Tue cash pay
ment required on each OF these was $500.
The buyers were John h. Dyer, j. o. wright, w.
w. Backus. J. Blumenthal and j. X. Smith,
Tne other transactions at the Exchange were un-
important