The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-08-25
REAL ESTATE GOSSIP.

The Retrospect OF TraMc-The Future
Bright and ouragiug-suburban
Property in Active Dcmand-The Rea-
SON 'Thereof-Sales To BE Held.
There seems to be no great change IN the status
of real estate operations to record since last Mon
day, no active transactions Of any moment having
taken place. Yet there is an apparent undercur
rent, tending towards briskness, which must
come on now in very short time. During the
week just closed the Exchange looked quite de-
serted only two small sales having been held there
by Colonel James M. Miller, realizing altogether
about $4,000. At private sale we have only one
report, the same having been made by V. X. Ste
venson, Jr., and W. II. Raynor consisting of a lot,
oex9o, on the southwest corner of Park avenue and
Eighty-third street, for $4,000.
While city real estate traffic has been languish.
ing during the reign Of the dog star, suburban
property has been in the most active demand. and
In nearly every Instance where Offering was
made the prices realized we're beyond expecta-
lions. Land In the suburbs have advanced with
the growth OF this city, and In many localities in
greater proportions. From our reports of SUBJ
urban and other sales 1t will be found that farm
lands thus disposed of under the hammer valued
prior TO the at 900 per acre. usually brought
from s., 500 to $4,000, as laid out in city lots. In
many instances these figures were doubled.
The report OF the Commissioners OF Taxes and
Assessments shows that, since 1865, the taxable
value OF city property has more than doubled In
1855 IL was s42700O 600 and in 1873 $3.50, 600 0OO
During the first four years the increase was
sea- Oo0 900 per annum and during the last four but
s3s 100000, the latter deficiency being caused by
the extraordinary overflow OF population into the
suburbs. whereby the census OF New Jersey, Long
Island Westclester and staten Island has been
enhanced In far greater proportion than In the
city itself, which contains but Al per cent OF
the metropolitan population or SOC, 000 while the
adjacent cities In New Jersey and Long Island ex
hbit thrift and progress that rival the most fab-
lous history OF western settlements.
Although this result has been largely brought
about by the one-sded, or rather the neglected,
legislation OF the last Legislature Of this state
whereby the various measures for rapid transit
have been choked on or bunglingly enacted. thus
preventing quick travelling across the island, yet
we cannot regard ~ as a misfortune, since N has
aided TO foster the growth and prosperity OF n Tar
more healthy system of suburban life, and actually
force population away from the city TO their great
Atthe Registers once business has likewise been
very duh and no wonder either, Tor this establish
ment depends in the main upon real estate trans
actions for occupation. II no sales are effected no
transfers are made, hence the stagnancy Ina this
The sales to be held on Change this week en-
brace the fellowing:--
NJ JAsys . .rILsn.
TO-DAY lnosDArb, sreusr ~
Hou s1 ard 'p ., Gse Of I'd "a ss
TUESDAY,, AucusT "a
under the direction Of william Kelley, refereel
map OF properly bsiongins 20 Isaac Cason, deceased.
1fn9et the direction OF william n Weeks and John d.
Cooper executors o. jacob y. diraud, Jrl
eos ad ana e eFs 2, ssd az
OF the city. - -.
under The direction OF rhulaas B0esc, refsrce)
lel VI land = = OF IA a., @1Ns1a