The New York herald., 1872-12-22

rather quiet, yet not uneventful week, has just
closed upon the real estate market, which was
marked by several important occurrences having
considerable bearing upon the increased values OF
property. One OF these, and probably the most
particular, was the meeting OF the Commissioners
to locate the Northern Boulevard, running from
7S5th street to Spuyten Duyvil, to confer with the
property owners on the line regarding the pro-
posed improvements. The full particulars OF the
two days session were duly chronicled in the
HERALD.
The most important feature OF the weeks events
wero the large private sales effected within the
past six days, which fact fully sustains the opin-
ions expressed In this column on the steady rise
and healthy tone of rates in real estate both east
and west Of the Central Park.
In east side property we can quote the sale OF
lot, 25x1oo, situated on the southeast corner of
for the owner, Mr.. Salter, to Senator Thomas j.
Dreamer for $4,000.
The fact that this sale was made has little more
interest than the transfer Of q similar amount OF
property in less favored locality than the aristo-
cratic thoroughfare OF the city, but little secret
history connected with this lot will not prove unin-
teresting at this period.
With great flourish OF trumpets this same plot,
corner OF Fifth avenue and Ninetieth street. was
8&VcTLlSeu LOT several weeks 10 De S0Q at auction
ON the 5th inst. The bulls and bears IN real estate
met IN joint convention over the august event.
which promised to give them "bone of conten-
taon." The bovine part OF the operators pre-
aicted the price to be realized from the sale
Of this lot should be as high as 100000,
and some, more venturesOme were even foolhardy
enough to place the figures at $62, 500. Bruin,
however, quietly gathered his clan on the day Of
the sale, and all the auctioneer could get after
dwelling an unusually long time on the bids, was
$4,000 The successful bidder announced his name
as +. M. Green, which was then and there daily re-
corded N the HERALD, with comments mel similar to
20 be whispered that the Aforesaid lot had been
bought in. and this is now fully borne out by the
fact that the pre- sent purchaser (Mr. Creamery had
Oered $52, 500 for the same lot before 1t had been
placed in the auctioneer's hands. Mr.. Dreamer is
the proprietor OF four lots adjoining this and ex-
poets to realize good profit by holding on to them
3or some time to come, and as Ninetieth street Is
tions are more than likely to 90 into speedy eject
Another important sale made on the east side
during the past week was the two lots and brown
stone houses East Twenty third street, adjoin-
Ing the Pike property, on the southeast corner OF
broadway, and one lot on Twenty second street, In
the rear OF those just mentioned, together, for
$4,000, to Mr. J. +. Loubat. This property at one
time belonged to Mr.. Corlies, Old auctoneer,
who originally paid about twenty-five thousand
dollars Tor the same Mr.. Loubat has obtained
good bargain, and has good opportunity to realize
months.
During the lifetime OF the late S. N. Pike it was
MS ambition TO obtain COntr0l OF these same
houses, and, IN connection with the leaseh0ld of
half the block on Broadway belonging to him, he
intended to erect the finest opera house ever
object his useful career was cut short. Whether
Mr.. Loubat intends to alter this property into
stores has not transpred, but such will ultimately
have to be done on Twenty third street, both east
and west OF Broadway, to accommodate the rapid
nptown movement OF the retail fancy goods busi-
ness.
on the 18th inst. we quoted an important sale
OF three lots, 76.Sx100 located on the southeast
Of Wacf End and
Seventy third street, made by John McClave to Mr..
4. A. sOthern for $780, 600 cash, the purchase being
made by him for a permanent investment, which 1t
certainly is lots in the immediate vicinity being
held at this rate and very many at even higher
prices. Property IN this vicinity cannot other
wise than command nigh rates, it being located so
advantageously between the Central Park and the
projected veTsae Park which very few years
aided by real estate writer, have endeavored to
play "bear' on lots located in this vicinity, but
have only succeeded In making themselves ridicu-
lous Their united efforts avaied them naught,
1Or whoever knows any thing OF buying lots is GER
tam 70 be Wen posted on ruling prices in this as
Considerable inquiry is being made for property
located on New avenue, which commences at Tooth
street, running between Eighth and Ninth ave-
nnes up to and connecting with the Grand Boule-
d dtd beA, ne tS NO gi anu Tue bouie re-
residences on the west side, as is Madison avenue
on the east. On the same principle the Tenth ave-
hue must become the uptown business street. In
vestments on this avenue have been very extern
sivey made, and as soon as the proposed improve
opened large advance in prices must inevitably
follow. The Morningside Park is now begun
and will continue down 10 Tooth street, which Is
one OF the main entrances to the Central Park.
most beautiful drive may be enjoyed by entering
Grand Boulevard at Tooth street the Riverside
Park, or else continuing in the Central Park to
10th street, and rolling along, via avenue st.
Nicholas, to the Mornlngside Park where the finest
views may be had OF the east OF Harlem and the
Long Island Sound OF the west OF the noble Hudson
and Of the south oil Staten Island and the Narrows.
All these attractions taken into consideration
cannot fail to fix this locality Tor pOpulous SETTLE
ment OF our fashionable Inhabitants who would be
as near 10 the Parks as possible Operators IN real
estate hold this Dew neighborhood In great favor
for speculative purposes and are daily reaping
their reward for the foresight displayed in making
iudcious investments. Property in l25th street.
actively inquired after. This street, 100
feet wide, is intersected by every fine
rom everv nSf' ana nnv
high rates, but when rapid transit once becomes
and m e
from the market altogether and be absorbed by
AT the junction Of avenue st. Nicholas and this
street, Ninth avenue, Manhattan and l25th Streets
namber OF lots have recently changed hands at
realize large profits by selling at present II 30 dis
posed. But they hold on for an Increase.
We likewise noticed on the 18th inst. the fact that
q party OF gentlemen contemplated erecting six
Story nre proof building, TO be devoted to q first
rate second class hotel near the Grand Central
depot. Since then more facts have transpired
The capital is being subscribed rapidly and 1t Is
more than probable that lots on the southwest
corner OF Fifty-second stree. and Park avenue
247 feet on the former by half OF the block the
latter, besides q lot 25xlO0 on East Forty.frst
street, $50 feet west OF Fourth avenue, forming
viii be devoted to this new and gigantic enter
PRISE such hotel IL erected in this locality and
carried on by a good caterer tas undertaking can
not prove other than eminently successful
This being holiday week very little business may
be expected to be done in real estate operations
The following legal sales are announced to take
place:-
MONDAY, DECEMBER q.
BY T.. II. Ludlow Co. by order Of the Supreme Court
under The direction Of Alfred T. Acker retree building
~ pm 81, lAPu W. fr. av. q, N6x96.2
15x65 " 49, " 80 w. ~ 80 W "A1 -
leth st. n. $. us n. ". e. cor. Lex. av., I6sx1nA
Jhmessl W. =, No q, h. and l.. 16xl32.
u., TUESDAY, DEcRMBhR "a.
klzabeth 81, 3 g., Gb IT, fr cor Bayard st. L. 25ygiA
sesn , 81, =, % u " fr cor I'd av., Al. s0xlU22