The New York herald., 1872-11-24

Sales-Propcrty About Mount Morris
Square Very DcsirabIe-West Side OF
the Central Park an Onset to Filth
Avenuc-The influence or the Zoo.
logical Garden and Museum OF Arts
ON Increased Values-Taxes Collected
During the Weck-An Extensive Land
Sale Next Tucsday-Transfers or Real
Estate.
Saturday usually Is blank among real estate
buyers and sellers. On the Exchange the few people
who put in an appearance Micawber like, do so more
to what might turn upin the shape OF irregular
sales than to make stated purchases. The only
transaction that occurred at the designated hour
was foreclosure sale by order OF the Supreme
Court. on piece OF prOperty-the one half interest
therein over and above an existing mortgage OF
$4,000 and interest due since last July. The
property is located near Third avenue, below
Fftieth street, was started at $4,000, run up to
81, ,500 and finally Knocked down to the plaintiff
IN the suit for foreclosure. Another piece Of prop
erty. offered under similar circumstances, was
withdrawn when the spirit Of the assembly was
ascertaincd TO be in mood to bull very largely.
1t can hardly be said that all the sales at the
Real Estate Exchange are q reflex OF the market,
as the bargainings on the Stock, Gold and Produce
Exchanges are the regulators Of the various CON-
mOdities disposed OF there. Many piece OF real
estate Is sold at the first named place to make
value for other property in the vicinity, and very
frequently lots are offered for sale and bought in
by the sellers friends. This course, however Is
not pursued by many OF the brokers doing business
themselves to such small business are well known
and avoided by genuine investors and operators IN
property.
Among the leading brokers there have occurred
few transfers during the past week besides those
noted in the HERALD on the I'D instant. On that
day several sales were effected In the vicinity Of
Mount Morris square ut comparatively low figures.
Three lots on the southwest corner Of Third ave-
mn M CTR hu 1l~lf fnn o<Nbd fnp
$35, 900, and tour lots on i2Oth street, between
Fourth and Madison avenues, size SO by 100 feet,
small gore OF, brought high figure.
The TACT that active work in sinking the track
OF the Fourth avenue road has been commenced,
ana the extension ., the Madison Avenue Railroad
Mount Morris square has become In active de-
mand and is worth really more than Is asked for
lots in other and less desirable locations.
From the fabulous prices realized for lots on the
line OF the Central Park especially fronting thereon
have by no means reached the zenith OF their
It Is confidently asserted by those who are sup
posed to know that lots on Fifth avenue and con-
tiguous thereto Will soon command frOm $lOO, 900
to $150,O00 apiece. Time will tell whether such
folly can possibly prevail, even il money is mere
mercia men are 10th to acknowledge.
As an offset to east side property, investments on
ra e wesr par se ar o t I rte aSen ~ h e cen
OF the Geological Garden and Museum OF Art,
pying ten acres of ground IN the Park, running
IRON Seventy-seyenth to Eightyfrst street 1or the
latter the foundation Is now being dug) will have
tendency to attract purchasers, and that side Of
Eighth avenue must necessarily become the loca-
tion for private residences. New avenue com.
mencing at Tooth street and extending all the way
to Spuyten Duyvll and Eighth AM Ninth avenues,
is likewise rapidly coming into public favor, and In
a few years Wall form one Of our finest thorough
ares Four lots, 2oox5O feet, on this avenue, were
sold on Friday for the round sum OF S15.0Oo.
fOur lots on the northwest corner uf Eighth ave-
nue. and 1O1d street, brought $4,000: while SINH
vard va, southwest corner Of seventy-sccond street,
commands $4,000, and, owing TO i,s location, is
stil considered very cheap.
The payment OF taxes now IN course OF collection
by the Receiver, has had cOnsderab. e influence
the real, estate transactions, by absorbing funds
which otherwise would find outlet by the invest
ment In property The amount OF taxes collected
during the past six days was sl,1o7 100 10.
The action OF the underwriters in regard to the
prescription of Mansard roots Is causing consider
able agitation among the real estate interest.
Property holders contend thai THESE roofs, prop
erly constructed OF brick or iron. are as safe
onestory mouse, and as 1t is not only convenient
but extremely DESTROYS to occupy these upper
stories, reached by steam elevators,
pecially in hot weather, the insurance COM
panies should ntcrpose no hindrance to the
shape OF fre-p oo Mansard roofs and rather de-
vote their influence and power i'll compelling the
city authorities to provide an adequate supply OF
water, and steam engines with power sufficient to
send stream to the highest roof i'll the city, than
to interfere win the rights OF the property owners
Forty-two valuable parcels OF land belonging to
the estate OF the late David Banks, win be sold
next Tuesday at the Exchange by order OF the Su-
preme Court The property consists or two four-
story houses and iots 3t4 and 346 Seventh avenue;
the three-story brown stone house and lot BAG West
Twenty-seventh street, improved property known
as Nos 123, 1871 l3S, 1876 and 1871 Bleecker street;
three-story brick house and lot us Prince street,
three-story brick house and lot 4G3 washington
street; the building and lot 81 Leonard street and
improved property situated on Thrty-ninth, For
tieth 1j7th l5Sth and 160th streets, Tenth avenue
and Kin9sbridge Road. The terms OF the sale
are:-Seventy per cent may remain on mortgage
for three years at seven per cent This sale Is
peremptory and without reserve; title perfect
The following transfers were made last week OF.
NEW YORK REAL ESTATE.
Av A, so H. 10th St, 25x 100. $3.50
corner S3d ST., l62x6..Z.
and lot ............................. 5000
ls ay W. esd ST, T5xSO $1,000
Ist av e. S. Boz IT, s. sd ST. x7t. house and lot 1880
I'd extending I22d 10 i2Sd St, D l0xs0. 1880
2gth ST. 2rg q. 7h 21000
yth St, 375 ii. 9th 26 lxgSg l6O00
and lot :, OBSERVATION-DISCLOSURES. 1900
SD st. H. 2OJ IT, g. 9Th 20x1005 No. So $4,000
65th St, 20 It. e. llth 800
55th st n ~ 4O H. e. 9th ay 15xO0.5 .......... 5.6S
55th st. 1876 It. c. 9th av l5xl0O6 5,6S3
55th ST., 81 $50 IT. 4. 9th l5xOO5 ......... 5,S3
h5th St n S. 9th av. 5x0O house and lot e5U1l
65th ST., S. II. Sth av 25xI00b 5000
house and lot $1,000
ll6th ST.. n s.. 2Ol IT, W. av. A, loxlOO 10. house
and lot mortgs, $500 Observation-Disclosures, 1900
12Sth ST. n S. $50 It. e. Sth av 0Ox99 1500)
l2Sth Il. $50 IT, G. Sth axy9 H. o. C..... nom
house ar and lot Observation-Disclosures. -. 25ooo
OBSERVATION-DISCLOSURES. IS 600