The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-08
REAL ESTATE MATTERS.

Prospective Value OF Propcrty-Sales
Public and Private-Work OF the CONF
missioners 60 Assess Property for the
Northern B0ulevard-StiR Prices Asked
for the Condemned Lots.
1t is scarcely time for any great activity to be
displayed in real estate matters, inasmuch as the
majority Of the operators brokers, buyers and sell
ers have not yet completed the task Of getting
last years accounts into order. Yet some busi-
ness has been and is being done every day. Con-
siderable inquiry is being made for property on ali
sides OF the city, and purchasers as well as owners
are having themselves recorded on the books OF
the brokers for future operations.
Thus far nothing can be stated about the rates
OF real estate, whether they will rule any higher
than last year, or about the same. In some local-
ties the prices will be much higher, but in
do We learn that there is any possibility OF fall
The same may be said OF improved property.
The deserted appearance of the Real Estate Ex-
change for the first few days Of this year mas
changed during the hours OF sales to life and ami
nation. While the attendance yesterday was not
30 very numerous, IL was at least enthusiastic, and
S Urces OF sold Teaea very
kins h Co. sold four first class brown stone houses
and lots, Nos 160 1872, 1874 and 166 East Seventeth
stories, high Easements and cellars studaing, fur
ring and rough flooring all done, sewers and con-
referee, to Addison Brown, the plaintiff for $4,000
each. Considering the location OF this property,
on LennoX Hill, 10 one of the best in the
city, these houses, although in an unfinished con-
diton, have realized very low prices. 1t viii cost
at least thirtythree and onethrd per cent more to
finish them.
Mr.; James M: Miller disposed Of three lots on the
north side or Thirty-seventh street, 225 feet
east of Eleventh avenue, 25x9s.9 feet. for So 7oO
aud the two lots adjoining on the east same size,
for $1,000 and $500 RESPECTIVELY. Three lots on
each, 200 feet east OF Eleventh avenue. brought
$4,000, $4,000 and $4,000. The same auctioneer
likewise sold the lease OF lot north side OF Fifty
sixth street. ia feet east OF First avenue, 20x990
ground rent $24o per annum, to James Dougherty
Among the private sales effected may be noted
one made by Messrs. 3. II. Ludlow Co., being the
Thirty fourth street, between Park and Madison
avenues, 34.6x7OX9s.9 feet; also the two story
brick stable in the rear, on East Thirty-third
street, 246x9S9 to Mr. Henry A. Burr for $780, 900.
THE NORTHERN BOULEVARD.
Commissioners, consisting of Messrs Traphagen,
Seaver and McClave, held meetings every day this
week for the purpose of vauing the property
affected by the Improvement They have advanced
with their labors as far as Fort Washington, and
calculate to finish the entire route by the end of
this week. The area Of assessments was settled
upon and is to be made only on the lands imme-
missiOners have refused to follow the example Of
former commissions in running assessments over
ground which is not affected by the Improvement.
and favor the principle of making and paying full
prices for property taken for the projected avenue
Mr.. McClave, who is the expert of the commission.
states that the owners OF lots on this line ask
enormous prices therefor, in many instances more
than double their value. AS the city must pay one
half OF the damages and the property owners the
balance, the commissioners have two interests
which 1t Is their duty 10 guard. 1t is somewhat
singular that only persons whose lots are taken
Tor the new Boulevard have so lar called upon the
commission to press their eXOrbitant claims,
while those who are to be assessed the damages
have studousy kept away, and are not raising their
voices in behalf Of the projected thoroughfare,
which is to enhance the value OF their posses
fons, either pro or con. AS soon as the report is
, made by the commissioners and approved by the
Court work will at once be commenced on this
boulevard and carried to speedy completion.