The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-06-29
REAL ESTATE GOSSIP.
Jubilee Sales-What Good They Have Accom-.
plished and Their Utility.
A WEEKS HEAVY BUSINESS.
Brooklyn Real Estate and Why There. Is
No Demand Therefor.

R7erywhere, even including New Jersey, (which
has lately been admitted into the Union, opera
sions In real estate are in fiourishing condition.
more so in suburban than city realty. This is the
reason OF the year when sweated,/ worn out
mortality resident Of the city gladly embrace the
opportunity to get a days respite, from heated
bricks and mortar, and, by spending day in the
;cOuntrg, become purchasers OF lot or two upon
which ultimately to build cottage and become
landlord as we'll tenant. This is OF the good
results achieved by suburban sales, which some
people designate as 'Jubilee" auctions, and at the
Bame time deprecate the idea OF having. az
accompaniment, a substantial tree lunch
brass band and other kindred amusements.
As'these sales generally occur at place remote
from the city, and inevitably where 1t Is difficult
TO procure necessares OF life it ought to be con-
siiered as a special boon tnat the auctioneer re-
members his hungry auditors, and, while he sells
sthem o. cap lots at the same time cares for their
Inner man and envens their spirits with sweet
strains Of music by city brass band
From little acorns large oaks grow.
FMsas an old. trite saying and strictly true one.
From these same jubilee sales large and flourish
Ing towns and villages have sprung, where not
only the mechanic. but the small trader. has
foaCd cheap and comfortable homes; and
even wealthy men have found it more convenient
Long Island, New Jersey and even Westminster
county amply testify to the great good achieved
there by the summer auction sales, which have
tended to build up thickly populated settlements
where few years ago there was but comparative
wilderness.
The immense tide OF business Is crowding dwell
Ing houses from Manhattan Island; the upper por-
ton OF the city Is becoming too valuable for any
must be some outlet for our growing population;
md property which few years ago submitted to
@e r e Of lie has
been iurrowed deeper by the pick and shovel, and
stately mansions now grace the spot where corn
The past week has witnessed an unusually large
number OF suburban sales, which were, in every
Instance, a thorough success. We have endeavored,
In every instance, TO keep our readers thoroughly
posted. and published the results IN every detail
1t Rockaway, Long islands Marion and Middle
town. N. J.; Newark. Nd; Hyde Park, Long
were disposed OF by Jere Johnson, IT., in the old
town OF Mamaroneck, on the New Haven Railroad,
1t advantageous prices nrsS r,xr .vr.n
may be looked for this week in just such sales as
above enumerated. We begin tomorrow with
S Ss direction ~ efn Henry s s.
has perfected the title Mr. H. Wilson, Hr Far
rhild's auctloneer, win have charge Of the sale,
Broadway, and 1t will be his fault If he does not
obtain "bottom' prices for the property. In view
Of the near completion OF rapid transit this estate
on the LIST proximo, and on the premises, Mr..
Oliver Bryan offers nfty-two lots located on the
Southern Boulevard, between 135th and 136th
Streets better known as North New York and Port
Morris. These lots are directly adjoining the
and Harlem Railroad is to erect their depot The
entire property is restricted against nuisances and
grant Of George Ill. The terms OF this sale
are forty per cent cash; the balance may
remain on MORTGAGE for three years Mr. Oliver
luctioneers presides ut this sale. Jere. johnson,
Jr, the lightning auctoneer, announces in our ad-
vertsing columns large sale for nearly every day
this week. as does also Messrs. A. ID. Melllck n
Brother and Others. Even the GLORIOUS Fourth Of
July though a legal holiday is not treated as
such, inasmuch as the veteran auctoneer, An
thony J. Blocker, holds a sale on that day on the
Jersey side OF the Hudson.
ABOUT BROOKLYN REAL ESTATE
very little has been said IRON the fact that few
there in Last
Bryan, and announced lin partition" 1T It
the property was bought in and it was
30 stated in this column. We also took occasion to
City OF Churches and gave as reason the Just and
proper cause-viz., the enormous rate OF taxation.
This sad announcement dspleased the good people
Di some OF the Brooklyn press TO whom the true
statement OF facts seemed bitter pill TO swallow
In every particular We should be happy to quote
enhancing values in Brooklyn real estate This
city is part OF New York, having common water
course with MS Tor the carrying on OF ocean CON-
merce, which the opening OF Hell Gate
must ultimately increase many fold. But
the enormous rate OF taxation Is driving
people away and industry Is shackled
rs with iron letters. Brooklyn's lovely Park offers
great inducement to persons TO locate in Its i'm
mediate vicinity. The Heights, classic and COM
handing the finest view OF river scenery, has been
and is now the fashionable locality OF the City Of
Churches. But with all this, unless some conces-
sion is made by the authorities in favor OF owners
property must continue to remain stale and I'M
profitable.
PAYING AWARDS FOR BOULEVARD OPENINGS
has been earnestly discussed by property owners
the line OF the "Northern Boulevard" running
from 155th to Inwood street. IL is now nearly
one month since the report OF the Commission
ers-Messrs. Traphagan, McClave ana Seaver-
was confirmed by Mr.. Justice Fancher, and
thus lar the Comptroller has made
effort, looking towards the payment OF the
awards. Numerous demands have been made upon
him by the holders OF estates on the line yet they
have received little or no satisfaction. The Comp
1roller seems to think that property owners have
no rights which he is bound to respect, Judging
from the manner in which he treats the residents
on Washington Heights IN regard to the new
Boulevard.
THE NEW DRIVE IN HUDSON COUNTY
continues to keep the good people OF New Jersey in
the projected route are like Pip having great
regular conclaves, and by their hard labor demon
strate that they mean business.
THE WARDS ISLAND CHURCH WAR.