The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-09

ANYTHING more active In real estate transactions
SAau we gave to our readers on the 18th instant, In
relation to the sale OF the Lehmaier lots by Mcssrs
Muller wilkins Co., held at the Exchange, on
she 9th OF the month. The extensive advertising
done by the auctioneers and the high reputation
Of the owner OF the property tended to gather
large and appreciative audience, as the dramatic
critics say. The hrst few lots offered were sold at
medium prices, while all that were disposed of
xealxxed very low rates. The consequence was
that large number OF the plots were bought In,
otherwise they would have been sacrificed. In an
this there is moral
Ftrst-The proprietor Of the eighty-seven lots
real estate and, having determined to reside per-
manently IN Europe, 1t was thought that any price
offered would be accepted; but when 1t was found
shat lots on 125th street. between Ninth and Tenth
avenues, only brought $4,000 each and others in
desirable localities like low prices the further sales
Second-The money market was any way but
favorable to spectators in real estate, borrowing
rates raTS eey0na rates
laws and those exemptng mortgages from taxa
taon: all these causes had depressing inlusnce
Ing offers OF the auctonecrs failed to dlspel.
Some people say that this sale, being the first
held too early, and if it had been held few weeks
later the entire property would have been disposed
Of at remunerative rates.
NAMING UPTOWN STREETS.
luiS suDJeCt, WHICH tne Executive committee OF
the West Side Association has altogether assumed
charge OF, irrespective Of rights east side
may possess and which the west siders are sup
posed to respect, having been commented upon by
the HERALD as IL deserves, assumed more pOpu-
lar form and is now in q more just and equitable
manner OF being properly carried out. The great
est excitement prevailed among property owners
OF both sections Of the city, and it was finally
ranged to hold meeting Of those interested down
town to discuss the matter Subject to
notices issued through the press and
the mail q number of extensive property
owners met on Saturday afternoon at the
new effice OF MIR. John McClave. No. l Pine street.
to take into consideration the proprety Of recon.
mending TO the Common Council the new names
for our uptown avenues and streets. Some OF the
members OF the West Side Association insisted
upon the names proposed by them while others
effected nv allowing concessions, and the names
mentioned below were determined upon to be sub
Mitted and II the owners OF lots on the streets
20 into operation US soon as confirmed by the city
government
The following are the designations:
Eighth avenue, from Fifty westbourne
Ninth avenue, north OF Bloomingdale avenue.
Tenth avenue, north Of Fort George
Eleventh avenue north . West End avenue.
Seventh avenue north of Seventh avenue boulevard
Sixth avenue, north of 10th Sixth boulevard
Grand boulevard, north of Broadway boulevard.
Seventy second street from Linden place.
k kiSsIh avenue to Hudson
Avenue st. Nicholas is to retain its present name.
All having objections to the above names are re-
quested to send the same to the office, where the
meeting was held Next Saturday the same gen.
tlemen will again assemble at Mr.. McClave's estab-
lishment to take final action in the matter.
Commissioner Van Mort deserves the thanks Of
nv
him In pushing forward the work on Riverside
Park Upwards Of one hundred laborers are
actively employed on this job, and soon as the
frost s out OF the ground this number will be in
creased as large as can be conveniently
handled. In the meantime the authorities should
not neglect to have circle similar to the one at
the entrance OF the Fifth avenue, established
a. the entrance nee OF the Riverside Park and at
street and Eighth avenue. Such an Improvement
would greatly add to the beauty Of this gateway,
and also enhance the value OF the surrounding
property. Sooner or later this work VIII be under
taken, and why should 1t not be done now, while
the lots required for that purpose can still be had
Tor reasonable figure, before improvements in the
ncighborhood win make 1t as valuable as Fifth ave-
A few remarks In relation to values in
THE LOWER PART or wEsTCHEsTER
may not be inopportune while annexation and
rapid transit are on the tdpiS. We do not propose
to Indulge In figures but rather refer to certain
general facts which control.
great city Westchesterwards that is stimulating
values there we must naturally look for the high
est appreciation In localities geographically SUI
perior, and situated so as to be easily accessible
from
THE CITY's GREAT voarroRIEs,
such as Third avenue. over the bridge Fourth
avenue, over the railroad bridge Seventh and
Eighth avenues over Central bridge; through the
tunnel that Is to replace It, and from the Boulevard
section proper over the suspension bridge already
determined on; also the old railroad on the Hud-
son River side and the steamboat routes terminal
Ing on the Harlem.
On the foregoing routes only the steam roads are
continuous INTO Mestcaester. These give property
accessible by them the advantage OF unbroken
and quick communication with the city, and ex.
cept the Hudson River Road, they take up and de-
post their passengers upon aud along that yalua-
INarPREcIABLE STRIP or MANHATTAN
Island which runs northerly along the easterly
boundary OF the Central Park and through the
Boulevard district Of Harlem. Property in West
chester, that is superior geographically, and yet
that may be judciousiy restricted and Of EASY &C,
cess to station, VIII reflect more than any other
the valuable qualities of the choice section of the
city with which the present steam transit directly
connects IT. The section now traversedby
THE ODDLY WARDEN TRAINS
between the Fourth avenue bridge and the Hud-
son River, on the Westminster side, exhibits in a
large degree the advantages herein particularly
referred to- the only noticeable exceptions that
occur being where the creeks empty into the Iar.
lem River and magnificent site near Spuyten
Duyvil, that has been prematurey cut up and
built upon in a very inferior manner All large
parcels OF commanding situation near stations on
the trunk line traversed by the Harlem and New
Haven Railroads are OF similar desrability, but on
this line only few such properties have been re-
served for the present market. South OF Williams
bridge
THE LORIILARD ESTATE .sss
was one OF the latest to succnmb TO the policy Of
throwing suburban lots on the market before
needed for Improvement, that ruled In Westchestei
county over twenty years ago. That policy is most
conspicuonsiy Illustrated by the present condition
81 lne property lying on che railroad between VIII
namsslldge and Mount Vernon all OF which, with
tne exception OF the Briggs farm, at
se junction OF the Harlem and New
raven hallroad, and the Penfed farm,
nearer Mount Vernon, has lain for years cut up in
io.s anu mainly nnlmproved, In the hands OF null
..uulnous owners, whose separate and diverse
opinions anu interests nov preclude the unity OF
action ana concentration of capital upon the lots
tbat are essential 10 their Development and ap-
preciation. so much Tor yalnes on fbc conyjnuous
values la other quarters. ' w
THE PARK COMMISSIONERS AND PRoJpcrrn ,,,pyorv
MRNTS
Quite stir has been made among real estate