The New York herald., 1872-12-08
REAL ESTATE MATTERS.
An Impending Upward Movement in West Side
Property-Ths Riverside Park Fixed Fact
Tho Award Of Assessment Confirmed by
the Court Of Appeas-Ths New
Boulevard Extension Commis-
sion-The New Avenue" to
Run Through Property on
Washington Heights.

Transactions Ia real estate during the past week
have not been OF very inspiring character, most
OF the sales that have occurred being manly fore.
closures oy order of the Courts. and property thus
sold. as a usual thing. realized all 1t was worth.
The fact OF the matter IL that ready money to in
vest in real estate is exceedingly scarce, couse-
quenty business in that line has been quite stag
nant.
There is. every prospect now that decided
movement win take place within a few days in
west side property, which will materially affect
lots about the Central Park from Seventy second
to 130th street. and even beyond. We can assure
our readers that the Court OF Appeals has affirmed
the report OF the commissioners on the award Of
assessments on
THE RIVERSIDE PARK,
and Commissioner Van Mort intends to proceed
with the work OF Improvement Immediately. This
information comes from reliable authority and may
be accepted as a solid fact.
The effect the early completion of this park must
have on the surrounding property cannot be other
wise than highly beneficial. The Riverside Park
itself, when completed, will rival the great Central
Park in beauty. and, In some respects even sur
pass II. II will overlook the majestic Hudson,
having for prospective the grand Palisades on
the opposite shore. The Riverside Boulevard. on
the east side Of the park, must necessarily become
one Of the most if not the most fashionable drive
OF the city.
The Commissioners o.
THE NEW BOULEVARD EXTENSION
above l55th street, running through Washington
Heights. consisting of Messrs. william c. Traph-
agen, John McClave ana william A. Seaver, have
issued circular to owners OF property contiguous
to and which will be affected by the proposed i'm
provements, to meet them the 18th and 10Th
instant at the Office of the Corporation Counsel 81
Nassau street, Tor the purpose OF discussing the
Flrst-Thc present actual value OF the property
to be acquired
Second-rhe area of land benefited by the i'm
Third-What proportion. II any, should he
assessed on the Mayor, Aldermen ana Commonalty
Of the city.
The above is a novel and at the same time
VERY IMPORTANT MOVEMENT
on the part OF commissioners appointed to make
awards Tor damages to real estate by public inn
provements and speaks volumes for the sensible
course pursued by these gentlemen This is the first
instance where a commission conferred with those
directly affected by their awards. Furthermore, as
these commissioners are empowered by the law to
assess the corporation with one-thrd, onc.half or
threequarters OF the cost OF the Improvement they
are naturally very anxious to ascertain the views
OF those holding property on the proposed line OF
the new boulevard, and instead OF throwing obsta-
cles in the way, as has been customary in such
terprses, help the undertaking along, both morally
and intellectually.
The Commissioners have already possession OF
THE MAP
and are progressing satisfactorily with the work
the property, commencing tomorrow morning. in
order thas they may know from actual survey how
to adudge such will be affected by their action
Mr.. John McClave has been placed upon the com
mission on account oil his great experience in the
valuation OF real estate he Will certainly do JUS
tice to the property owners, as well as to the cor
poration. Several of the finest villas at Washing
ton Heights will be greatly affected by the con
structiOn OF this new boulevard, which in many in
stances will run Immediately through some portion
OF the property II not directly through the centre
The commission gives notice that simple afiida-
damages
entertained. witnesses are required TO testify in
person and consent to be subjected to rigid cross
examination by the commissioners II deemed nee
essary Tor the interest OF either party interested.
The completion Of the Riverside Park, the Zooog-
bOulevards must needs give to west side property
an impetus which nothing short of an earth
quake can retard. If continuous line for travel
ling could now be established all along Broadway
to The Central Park and thence to Kingsbrdge the
value OF real estate along that route would be en-
HANGED hundred per cent. There is great deal
to be written on this subject, which will in proper
time receive due attention in this column.
Yesterday at the Real Estate Exchange
was house and lot. "a Coenties slip, 2l.2
feet the other, by order OF Nathaniel Jarvis. Jr
referee, to II. Opperman, for $4,000.
The following are the
IMPENDING LEGAL SALES
for the coming week.
TUESDAY DECEMBER TO-
Monroe 1ns s St. ss No. IS house and lot x ow ISse te
18th St, u s., l52 IT, ~ in ". from corner I'd av.,
The house and lease OF lot 500 5th av,, w. s., 1856
#. s in. n; from corner 47th ST. by order of Lau-
5th av. W $. "a #. ii in from corner lsih std
lots llOxl5O
57th st., n 81 IS H. W. r corner "a av, lot 22xl00
WEDNESDAY, DECEMBER ii.
Madison av., e. s., 50 II. ii in. 8, from 133d
Madison av, e. 5, 80 It, II in. cor. ls8d
Madison ave 5. 1911. Il in. ) from issa -
Madison ay W $, is 1t ii in n. from cor is2i
Madison av. W s., 80 #. il in, n. from cor 1921
ST., b. and l....:..::....... 20xsO
Madison ay w s., SO II. II in. n. from 1921
St., b. and 20xS0
Madison ay., W. s., 80 IT, II in. from 1850
Madison av w. s.. 10 IT, Ii in. 5. from cor ia3d
ST. h. and 20xs0
Leonard St, 5. $, bet. Church and West Broad
way, 2i4xl00
63th H. 100 n. 4th av, and 25xlUO
THURSDAY, DECEMBER IL
5sth ST., H. s., I56 IT, b in west from cor. Lcxing. 49,
FRIDAY DEcEsBER i3.
Ay. A, w.s, 50 n. n. from corner 20th ST. houses
and lot, n. S. W. 92 lOls; s. 46, e. 23iOla; s. IL,
+. 62d s., 1897 IT from I'd nv, l. 7xloO5
SATURDAY, DECEMBER Ii.
43d ST. 325 IT, from 10th lot 75x200 10
lst av, W. s., IlS IT. l1a in n from corner f. I'D . ~
St, house and lot l94xl0O
Plot OF ground in town of Middleton, Richmond
county, L. L. about l25 feet square, by order of w.
II. McDouga, referee, at three O'Clock =. NJ. at
Petler's Hotel, New Brighton, by L. ii. Ludlow
Il Co.
FINANCIAL EXCITEMENT IN NEWARK.
The street Improvement Mania-Why
the Chairman Of the Finance Com nit
tee Resig the Mayor Thinks.
The taXpaying citizens OF Newark are very