The New York herald., 1872-11-22
REAL ESTATE MATTERS.

General Survey OF the Market-Ilots on
the Upper End or the Island I'm Fair
Demand-Ruling Prices HiSh-ImPor-
tant Transfer Of Improved and Unim-
proved Property-Sales at the Ex-
change.
II was supposed the great Boston calamity would
affect everything in the commercial and Industrial
line, and as the money market became stringent,
consequent upon the losses by the insurance
companies, real estate would not be exempt from
the impending crisis. A tour among the brokers
and agents In this line reveals the fact that two
OF them agree the actual status. The deduc
tions TO be drawn, however, from their combined
opinions may be summed up thus
The season properly for real estate transfer is
over, yet considerable activity exists among buyers
ana sellers.
First class property is held at high figures and
various parcels that have been sold realized the
largest prices
Investments are made daily In property on the
Grand Boulevard and Washington Heights as far
as Klngsbridge; some on speculation, but the
major portion for permanent investment. The
value Of this property may be judged IRON the fact
that 5000 was declined for parcel of twenty
acres at the latter place, while lots south or Kings
bridge can be bought for $500 each. There are
very few large parcels OF real estate on Manhattan
Island In the market, hence the enormous amount
refused Tor the above mentioned tract.
Two or three beautiful sites in the vicinity of
1S5th street, running rom Broadway to the Hud-
son River. can be bought reasonably, the owners
being in need OF "ready money"
Potter Brothers made a sale OF twenty-seven lots
at Washington Heights at $6S000, purchased by
parties Tor speculative purposes. All the transfers
of land made In this vicinity command full cash
prices
v. X. Stevenson 4 Son report some very impor-
tant ana high priced sales OF real estate, among
which may be noted an elegant mansion, built Of
Dorchester stone, situated nifty feet north OF sixty
second street on Firth avenue, commanding fine
view OF the Central Park, 2SxS5 lot 105 feet. MI.
r. r. Wilson was the purchaser, and the price paid
$4,000. Another sale by the same firm was the
ee si9ns 9se or i0'
Six lots on the south sidc Of Ninetieth street,
east OF Fifth avenue, l5oxloo, owned by Hiram
Crittenden, OF ST. Louis were sold to Thomas j.
Creamer lor 100000. These lots nave been in the
Crittepdcn family upwards OF thirty,aye years. and
have also effected the following sales within the
past week House and lot 45 West Twenty eighth
$4,000; house and lot II East Forty, first street,
$45o0o house and lot As West Twenty eighth street.
$4,000 house and lot los East Thrtyeighth street,
s3s,0o0; house and lot 40 West Twenty-seventn
street, $4,000.
The ralIylng point for first class real estate seems
to be the vicinity OF Central Park, and holders Of
property charge correspOndingly high as the numer
ical figures of streets approach that locality Four
lots on Flity-seventh street, 100 feet square,
OF $4,000. FOrty-two thousand i've hundred dol
lars Tor one lot, 25xlo0 feet, even in broad street
lke EubySeNeHLu street, Is more .INan mOIHer
earth can possibly be worth, especially Ior the pur
pose OF erecting dwellings thereon. The truth of
the statement might c doubted had II not been
made by one OF the oldest aud most respected
real estate brokers in this city, who has no interest
In the matter, at the same time dcprecates the
running up OF property TO such enormously high
rates.
Uptown property, whether located east or west,
must necessarily command reasonably high rates
now while rapid transit is In prospective. When,
however, the various modes Of quick travel become
reality, real estate Will soar among the clouds
and be entirely out OF the reach OF persons worth
less than million; but Vanderbilt's tunnelled
roads on the east side, the Gilbert and elevated
raiways'on the west, besides the other modes of
transfer from the city Hall to KingsbrIdge, viii
oner Inducements for residences in Westchester
county to those Of moderate means.
The respect for decline in prices OF real estate
for an indefinite time to come Is very slim, and who
ever expects any such event to occur il only chas
ing an igntS ttttus, which daylight dissoves from
view Such an occurrence, in the face OF the ac
cumulated debt oil this city under the late Ring
RUE, the issue OF new bonds for city and county
improvements, among which may be noted the In
creased facilities in the supply of water to this city,
and numerous other outlays, too multifarious to
mention, cannot happen short OF miracle.
Rents of stores and dwellings situated IN de-
price OF lots, which Is only Just and proper. De-
mand invariably regulates the supply, and while
people arc in search of property whether to buy,
lease or rent, others come after them for the same
purpose ami the market in consequence Is Kept in
state oil activity.
The sales ut the Real Estate Exchange yester-
day, by Muller Wilkins 4 Co, were as follows 10y
order OF the Court OF Common Pleas, a. G. Wander
poel, rcfereel -
House and lot south side of 133d street. 240 feet
west oi Fourth avenue, $500.
Plot oI land on Birch street, near Central ave-
nue., Westchester county, S2,675.
Plot adj dining, on Iirch street, S2,050
great deal more p. operty was offered, but, not
reaiizing the desired prices, was Withdrawn.