The New York herald., 1872-12-30
REAL ESTATE MATTERS.
A Review Of the Past Weeks Transactions
Busy Times Prcphesied. *
Healthy Tone Of the Market-The Broadway
Widening Observation-Disclosures by the
Board Of Apportionment to the Comptroller
to Issue 100000 Bonds to Pay
Awards on Riverside Park Improve
ments-The Projected Crystal Pal
ace Building-East Side Prop
erty To Be Greatly Enhanced
by It's Establishment

our review or the real estate market Tor the
past week. taken from pecuniary standpoint,
must be very limited. The Christmas holidays in
tervening retarded business, and the little left
after that the subsequent snow storm completely
crushed. In consequence OF these two events the
transfer OF property was very light indeed and, in
fact, one expected much activity to prevail be-
tween the 22d OF December and the New Year.
II, however the representation of the oldest and
most respected brokers and dealers in property
may be taken as authority, the business Of real
estate after the holidays will be the most brilliant
ever known For our part we can only state, that
on a close inspection and thorough examination
there never prevailed healthier tone In "Real
Estate Matters" than at the present timc Hold
ers Of property tenaciously retain the same at
firm prices, while buyers are willing to make con-
cessions even at the stlG rates demanded,
IMPENDING IMPROVEMENTS :.
oil over the city, in altering, extending and
widening streets and avenues have their influence
on property lying contiguous thereto One Of the
most important OF these transpirng during the
past week was the confirmation Of % the assessments
made by the "last appointed commissionerss on
the Widening or Broadway. The decision OF His
Honor Judge Larned was published in the HERALD
on the oath inst, which wound up with the infor-
nation that cit was stated an appeal would be
taken from this decision OF the Court and that If
necessary the case would be carried to the United
states Supreme Court" Should this occur 1t will
be done only by
s@ ONE PARTY INTERESTED
In the award, as all the remainder are perfectly
well satisfied with the action Of the Commissioners
1t il. however, expected that the wise counsel Of
friends will prevail and no appeal be taken, which
can only result in retarding a much needed and
highly important city Improvement. The only pity
is that the law legaiizing the Broadway widening,
from Thirtyfourth street to the "Circlen at Fifty.
ninth street, did not include the space between
Thirty-fourth and Twenty-third streets, or even
down as far as seventeenth street. Then Broad.
way, when so completed, would have been one OF
the nnest avenues In the city. The last snow
storm demonstrated most forcibly how sadly
Broadway needed ~aa
Il ADDITIONAL SPACE FOR VEHICLES.
While the cars on the adjoining avenues were
only hindered from running long enough for the
Stow pl0ughs to clear path, Broadway, after
the sidewalks were cleared, had no travel thereon
whatever, owing to the great height Of the snow
thus accumulated. 1t was only late in the AFTER
noon, and after laborious work BY the employees
or the road and several ponderous snsw plouahs
made. Tae wider streets and avenues were not
subjected to such annoyances.
AS soon as the Broadway widening is completed
continued all the way to the end Of the island, and
property on that line must then necessarily in
crease largely In value. M
The next important event Affecting
RISE IN REAL ESTATE
tIppsnbs taten by the Board Of Hpportionment at a
meeting held the 27th inst, ct the C0mptrollers
once, at which the following bonds were ordered
to be raised :-Asses essmenr fund bonds, authorized
by chapter 579 section Is, Laws OF 1853. 900;
city Improvement stock, chapter eao, Laws OF 1882
these amounts are to be applied for paying for
the land for the Riverside Park, and ordered to be
The eect THIS action will have on property in the
vicinity OF the Riverside Park cannot be otherwise
than highly beneficial. While our announcement
menfs on account Of this PARK BY the Court Of Ap.
peais ahead OF all other Journals at once enhanced
ers felt somewhat uncertain OF the Park being an
established fact, for tear the Comptrsller would
throw some financial NM onstacls IN the way which
the amount OF money needed to pay for the prop
erty appropriated to
has been voted by the old Board Of Apportionment,
1t will not he difficult for the Comptroller to place
the bonds and commlsslonsr a van Mort must nov
while on the subject OF the Riverside Park It win
not be out Of place to publish the following note,
THE FEELINas OF CoMprRoLLER GREEN
towards the projected park, furnished us by one OF
the heaviest operators In real estate. Our corre-
the co%psIoer Is actively 70 nssnss the
parties who have boon opposing the Riverside Park i'm
appeal TO the United States Courts from the
recent decision Of the Court OF Appeals confirming that
work Our czens generally and property owners par
tcularly would like 70 know pretty distinctly whether
and Of this public park Aword from him on the subject
will be In order
few days win tell how Mr.. Green is going to
act In this matter, and his course must be the
answer 20 the above communication.
And now. a. considerable space and attention
have been devoted to the west side Of the CITY, let
US take glance OF the eastern portion thereof
MOVEMENTS IN PROPERTY
in this section are more limited than near the
boulevards owing to the scarcity OF lots east OF the
Central PARK. However, what there is OF unim-
proved reai estate In this section is now In fair
way OF being greatly enhanced In value.
The motive power to e1ect this advance In prices
s the projected establishment OF
A PERMANENT CRYSTAL PALACE
by the Industrial Exhibition Company, opposite
the Uentra, Park, on table ol0t OF land extend