The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-13
REAL ESTATE MATTERS.

Business During the Past Week Dull
What Causes the Enhancement OF
Property-Activlty Expectcd-The Es-
tablishment OF the Crystal Palace Adj
vancing Real Estate Mntcria1ly-The
Assessment Lists For the Riverside Park
and Broadway Widening Improves
ment-Rapid Transit Agitated More
and More-Private Sales Effected and
Public Auctions To Be Held.
In the real estate transactions for the past week
we have but beggarly record to make Various
circumstances censpired together to PROSTATE
business, foremost and first being the wretched
weather, and next an exceedingly tight money
market Everybody expected lively operations and
everybody was disappointed. Yet the season is not
at hand when real estate speculations may be said
to have commenced for the ensuing year. So far
we have only passed little over week since New
Years Day, and nearly every one brokers, Dealers
holders and purchasers, have been very busy In
taking account Of last years operations and fgur-
inQ up "pronts and loss" This occupation
will probably last for few days longer, and then
well recklessness will be apparent in the actions
Of many, who imagine real estate speculations, on
par with Wall street stock operations pay an
amount as margin, and before finishing the con-
tract close out at good profit. In many instances
this theory holds good; but as general rule lots
are not apt to rise in value greatly In thirty or
sixty days unless through an unforeseen and un-
expected circumstance.
The enhancement in the value Of property In this
city has been due 10 various causes. An extensive
demand, owing to increasing population, marked
CITY improve ments in all directions, and fond an
ticipations OF rapid transit, to be built at some
time or another, which will enable uptown resi-
dents TO calculate with some certainty on reaching
their homes, but most OF Gil q scarcity Of unim
proved lots remaining vacant and lifted to be built
upOn-all these reasons combined form a network
In which s sntangled the entire philosophy OF the
ActualIy. there Is nothing doing among the bro
kers in property yet there seems to be an activity
prevailing from which the very best results may be
augured. brisk inquiry for real estate on the
east and west sides OF the city prevails, but holders
are chary in placing their possessions on the mar
ket except at greatly advanced prices.
accop%s me Park
and Broadway widening improvements. On the
east side the rise Is superinduced by the fact OF
the finished condition OF the streets east OF Fifth
avenue the He'll Gate clearing and the anticipated
location OF the Great Industrial Exposition Building
which is to occupy twenty-four acres OF ground
or twelve City blocks, running from Third TO Madi-
son avenue and from Ninetyeig to 1881 street
me successful establishment OF the Crystal Palace
must necessarily advance the value OF improved
and unimproved property not only contiguous
thereto, but on the entire east side Of the city
above Thrty-fourth street.
side Park and Broadway widening are an assured
fact. II Comptroller Green and Commissioner Van
Mort have differed on many subjects, on these two
they have agreed. Yesterday Mr.. Green submitted
to Mr.. wan Mort the assessment lists for the awards
of property taken Tor the River side PARK improve
ment. III.
the Commissioner OF Public Works has placed
his survey ors and engineers on duty on the route
of the River Side Park, and has therefore CON-
merfced active operations. The assessment lists
for the widening OF Broadway above Thirty-fourth
street. amounting TO S2,504 1873, was sent by Com
missioner Won Mort to the Collector OF Assessment Is
for collection few days ago. The Comptroller VIII
commence the payments OF the awards az once
For the past two weeks our citizens have been
greatly agtated by the subject OF rapid transit,
which AT present RACES most virulently not only In
this city but at the state capital. In tne latteI
the 6th instant concerning q railway which Is con
tempated to be constructed Dy the city, was intro
9th instant and referred TO the usual committee
| SO important has this subject OF quick trsye