The New York herald., 1872-12-12
REAL ESTATE MATTERS.

Transactions In Property Light-Thc
Fifth Avenue Hotel Fire the Main
Topic-The Proprietors COndemned-
More Hotels Needed, but Should he
Fireproof-An Important Sale OF
Firth Avenue Property-Legal Sales ON
'Chnnge-The Riverside Park Improve
ment and Effect on West Side Property.
AS predicted on Tuesday, the assembly on Change
yesterday was not so large as on the previous day,
owing to the unattractiveness Of the sales, which
consisted mainly OF bonds, stocks and corporation
shares.
The general topic OF conversation was the mel
ancholy occurrence at the Fifth Avenue Hotel,
where so many lives were needessly sacrificed.
The owners, projectors and builders Of the hotel
came in for great share OF blame in the disaster,
and the action Of the proprietors relative TO the
poor victims by sending the remains to the Morgue
was commented upon in unmeasured terms.
Real estate men are bitterly opposed to tar and
gravel roofs, and attribute the spread OF the fire
mostly to this combustible material.
The newly projected hotels will and ough. to be
of hreproof material on every floor, including the
roof Then such calamities will In future be
avoided. The fact is that the hotel accommoda-
tons for the increasing population of this city are
inadequate and must be increased. The hotels
down town make room for business houses, and
our caravansaries necessarily have to be located
depots as possible.
The daily increase OF prices In real estate all
over New York should be warning to those in
tending TO erect hotels to secure available sites at
once. No better investment can be made.
An important sale was made yesterday py Messrs.
v. X. Stevenson Son, of IL Pine street. being the
high stoop four story brown stone house 600 Filth
avenue, the northeast corner Forty-ninth street,
owned by Dr. G. H. Gardner, to Mr.. Charles +.
Chickering for S13o,O00
At the Real Estate Exchange Muller, wilkins h
Co., besides disposng OF large amounts of stock,
bonds, &C.. sold the annexed property by order OF
A. G. Vanderpoel, referee =
story house and lot on Madison ay. g. s. 80 II H.
OF l33d 2Dx30 j. N. Haywood plaintiff 900
story house and lot, s. of Madison av., 39.l us
OF l33d ST., 2OxSl Same purchaser. Ill 900
story house and lot 9. g OF Madison av, 1911 II s.
lS3d ST., axso Same purchaser ILL ,OoU
story house and lot, W. OF Madison av 1871 It,
132d 20xs0 Same purchaser.
story house and lot, OF Madison av 30 IL f.
story house and lot W. Madison av., So ii it. n
OF l32d St, 20x30 Same purchaser. 1000
All OF the above men ntioned houses were In an
unfinished state and bought by the plaintiff in the
suit before the referee
story house and lot, ". s. of Madison av, 391lns
OF l32d st., 20xS0 j. b. Fellows .Sl2 900
story house and lot w. OF Madison av., 2gxll IT.
sof I33d ST., 20xS0 Same purchaser 40
James N. Miller, auctioneer, sold
The lease Of the Ave story brick store and lot No
80 Leonard ST., between West Broadway and
Church St, lot N4xlWl-the lease has fifteen
years 70 run, with privilege Of renewai ground
Joseph MCGUIRE, auctioneer, disposed Ofa
story brown stone house and lot n. 9. of 63th ST.
100 IT W. Of 9Th av., 25xl0O.5 IT., to y. d. Tappan
70 lOO