The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-06

Favor Of the City Becoming tho Owner OF tho
Roads-Work on the Northern Boulevard To
Be Begun at Once-Private and Public Sales
of Real Estate.
year of prosperity to brokers and dealers In
real estate has just closed, and the first named re-
port the sales they have effected during the period
OF twelvemonth by the millions, and these soar
ing ABOVE the units. 1t is true there are only
few whose business Is so extensive, but altogether
every one engaged In this line OF traflc has not
even plausible cause to complain Of not having
done good years trade.
1t is almost too early to fornSany definite idea Of
the impending transactions, any more than that
the present outlook augurs very brisk and excit
ing trafnc. As we stated last week, the Oldest
brokers and operators prognosticate a perfect
avalanche Of business, and to their mature judg-
ment all sceptics must bow, hence we are found
among those who expect very brilliant and lively
time. 80 ...~
Where the line OF speculation Is to be located no
one can at present form the slightest conjecture
The east side Is nearly built up that but very few
lots are in the market, and what there is left are
held very high, and deservedly so. From the fact
that this portion ofour city Is very nearly all graded
severed and the curb and cutters set, impending
assessments are thereby avoided, and no ad-
dltonal burdens can be saddled on to property
east of Fifth avenue except for paving the streets,
and this tax is generally very light
The west side, however-frOm the fact that here
there Is more room, great number Of lots avail
able for first class residences, as well as for an ex
tension of business-promises more inducements
for speculations. Especially win this be the
case on the New avenue, running from
Tooth street. between Eighth and Ninth avenues. in
tersectng avenue st. Nicholas 124th street. This
thoroughfare will soon be opened in connection
with Morning Side Park, upon which large body
of laborers are now at work. New avenue. from
its proximity to both Central and Morning Side
Parks, must shortly become grand and select
street for private residences, especially between
Tooth and 125th streets, being near both OF the
aforementioned Parks. A steady demand Tor lots
has existed in this vicinity and high prices will in
"a short time be demanded Tor all the available lots
that can be procured.
one Hundredth street, being one Of the principal
entrances to the Central Park on the west side is
very high ground and more prominently located
west OF Eighth avenue than 1t is in the vicinity OF
Madison avenue. Yet the price demanded for the
former Is no more than half of the latter. Eighth
avenue in the course OF time, II our authorities Will
ever finish the improvements thereon must neces-
sarily become the Filth avenue of the west side.
The track of the railroad which has been laid close
to the Central Park sidewalk, is by no means any
detriment to the street, and we see reason why
lot this avenue, having iull view OF the Park,
similar to the Fifth avenue should not be fully as
fashionable and command as high figure in due
course OF time. The Ninth avenue likewise comes
into the same category, while Tenth avenue is re-
ing with places of business. The re-
sams as those Of to the ea
side-that Is, IL will be devoted to fashionable
dwelling only ns stTe ea exe nG 70 Inc
longest in the city. Property hcreabouts commands
good prices few OF the holders being willing to sell,
even ut rates advantageous to thcm-sO much 80
that lots lar down EiRhty-siXth street held
as high as $4,000 each. On the I'd inst. the Common
Council ordered New avenue open, to be graded
and to be paved with TelfOrd pavement.
A few days ago four lots, 25xloO, on the east side
of Ninth avenue, between Ninety-seventh and
Ninety eighth streets, were sold to Chckerlng, the
piano man, for $4,000, or Sc, 500 each-thus DEM
0nstratng that no fictitious values are placed upon
property this vicinity. Four lots, 25x130, or half
the block, on Tooth street, between New avenue
and Eighth avenue, were sold about thirty days
$4,000 per single lot, and it is doubtful, whether 1t
will be disposed OF by the owner even at thatprice.
The attention of the Park Commissioners is
| called to the fact that the various new avenues
recently laid out above Seventy-second street are
still devoid OF any other appelaton than New
avenue" owners and dealers complain Of the
facilities they lack in properly locating property,
owing to this oversight Of the Commissioners,
which it is hoped they will at once take into
serious consideration, especially as a number of
good namos for these new thoroughfares have
THE RIVERSIDE PARK
| is at last to become reality, not only In pros
| pective but in fact. The communication published
| In this column on the 30th ult from heavy opera
tor in real estate, to ascertain the 'reeling Of
ment, was answered on Saturday in practical
manner In an interview with the Comptroller. at
blnntiy asked him whether he was opposed to the
Riverside Park, and as reported he would
decline to furnish the funds to pay the
awards, Mr.. Green answered that he not
only was in favor Of the Improvement
but that he was getting ready to pay the owners Of
property taken Tor tins park the damages awarded
| them by the Commissioners during the coming
week. The Comptroller likewise expressed himself
| which the decree OF the Court recently confirmed,
and which will also be paid for at the Same time.
This subject, then, as FAR as appeals to check the
execution OF these contemplated projects are con-
cerncd, may now be dismissed Tor as soon as the
Comptroller once begins paying damages all pro-
A WATER ROUTE FOR UPTOWN WEST
The establishment OF a line or steamboats, on the
East River to Harlem has had more effect in adj
vancing the value OF property on that line than
anything else. In order to give more travelling
facilities to residents residing at the upper end OF
fish water route on the Hudson River, and to
this end the Commissioners OF Docks at q recent
docks on the route OF this new steamboat line.
The following Is the preamble and resolution Of the
| commissioners
the application OF certain parties for the building piers
at the foot Of and seventy ninth streets
APPEARED before the Executive Committee and placed
which exists for pier at Seventy street and icr
the extension OF the pier already existing at Seventy
ninth street. North River especially with the object
facilitating system of apid transit by OF
the Hudson River between the upper and lower
| districts of the city; therefore,
Resolved That the previous action of this Board IN the
premises rcscindod and that compliance with the
petition of A. Wtthaus, Charles H. RUSSELL Robert L.
kennedy, J. J. Aston, John q. Jones' s. f. Church and
others, and fully recognizing the importance the
measure sought this Board will proceed to construct If
the funds the purpose be obtained from the Comp
roer, pier and steamboat landing at the foot OF Sew
street North River in conjunction with the
grading and paving gong in that street. to
have the same completed at the same time as this street
nd "a n
ninth street. North River, in 1t be found insufficient
for q steamboat landing in Its present condition.
RAPID TRANSIT
Is the burden which everybod interested In real
estate. even as q rentpaYer. is engaged in aQi.