The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-16
REAL ESTATE MATTERS.

ACTIVITY property CaQscu ny INC
Promised Rapid Transit-Lots Advance
ing In Price Too Rapidly-The Cause
Assigned Therefor-Real Estate Gem
tralizing Among Wealthy Owners
Only--PTivate and Legal Sales Effected.
Since the assurance has gone forth that rapid
transit Is to be reality the real estate operators
have shown great activity, and the impetus the
trade has received within the past few days may
really be ascrlbed to this cause.
The present system of horse railways might
rather be called ''snail-travel," especially during
such weather have experienced since the
last heavy fall OF snow. 1t is very well to own
property In the upper part of the island and reside
south of Forty-second street. To reach home one
was compelled either to hang on to car or stage
by the cyelids or walk the distance twice day
Those living beyond the last-named point
were stu Worse on, from the fact that the
steam cars could only be reached via the street
railroads. and these were running only by fits and
starts. Now there Is at least prospect thak.
three rapid transit projects will be carried into
effect at once, and we have every hope that by the
end of this year the New York Elevated and the
Gilbert Elevated Railroads will be finished as far
as 1921 street, provided the promised construction
Of one mile per month made by these companies
is earnestly proceeded with.
Although the exact routes which these roads will
traverse are so far unknown, except by impica-
ton, still property on the supposed lines has ad-
vanced at very rapid rate, in fact too fast for
stability. Yet real estate men aver that lots in
every part of the city, east as well as west are by
no means too high, and will go up in price still
more. The only argument used in favor OF such
an event Is that the number OF lots on Manhattan
Island are limited and after being once built up
cannot then be bought at any price.
Lots on the line and vicinity of Central, River
side and MOrningsde parks are mostly owned now
bV wealthy prOprietOrS, VINO can anOrd TO hOlu OH
to them for an indefinite period, and to this end
are matters tending that In a few years capitalists
above Forty-second street ana retain " ior sneir
own purposes. - .a-----r-
sales were effected yesterday but very few were
made public. In numerous instances purchasers
request that their transactions may be kept quiet
especially when the buyer is a merchant, for fear
that 1t might be thought by outsiders that he H.
| specializing in real estate. One OF the largest
negotiations coming under our notice yesterday
was an offer made for nine three story and base
ment brown stone houses and lots. located
On laad street 100 feet east OF Madison avenue, for
| which good round sum was refused. The owner
demands $4,000 apiece for these buildings and
Judging from the location being near Mount Morris
tnaf Is demanded -s>SIa.s6esN..ss' :. a, =
Eleven lots on the west side OF Tenth avenue,
between loSd, iO4th and lo5th streets, each 25xoO
s5OOOO cash. A. L. Mordecai reports the sale of q
three story house on the east side OF Third avenue
and twenty eight feet north Of 10th street, 24x5Ox
&c. for 500, 500 An offer was made yesterday alter
noon for four lots the northeast corner Of
| Eleventh avenue and Eighty seventh street, of
$27 900, and refused. These same lots were bought
| only about three months ago for $24,O0O
| At the Real Estate Exchange a very numerous
! audience assembled yesterday noon The bidding
was spirited, and the property sold realized good
| prices.
The following sales were held by the various
auctiOneers named:-
4 s. Ohio stone front house, n. s. Of 5gth st. 3S0ft
e. OF Madison av, lot 2Uxl005 It, BY order OF Irv-
ing g. Whitehead referee, to Addison Kamack. $2360O
Ohio stone front house. n. 59th ST., 800 e.
OF Madison av., lot 2OXlOO.5 II. Same referee and
purchaser. 1880
4 s. Ohio stone front house. H. of 59th st. $40 IT, G.
referee. to Chas j. Osborne. ............-. 1900
s. Ohio front house, n. of 59th ST. $40 It, Q.
Madison av.. lot 20xl005 Same referee, to Chas
MULLER, WILKINS AND co.
s. frame house and lot, of lO5th ST. 20l,3 IT. W.
OF I'd av lot l6.3xi009 to A. Brown, plaintiff 5000
s. frame house. n. OF l05h ST., 1868 It. OF I'd
lot l63xl009 II. TO A. Brown plaintiff 5000
3s frame house, OF l05th st., 10 II. W. OF I'd
163xl009 IT., TO A. Brown, plaintiff. 5000
. brick 8. of l05h ST., 200 II. W. Of I'd av lot
l6.3xl019 it, to A. Brown, plaintiff 100
A. J. BLEECKER SON X co.
3 g. b house, c.. of 4th and 85th ST. lot E.2x
1922 IT, to ID. X. Kendall, plaintiff ........ $4,000
3s b. house, n. OF S5th St, 222 IT. Of 4th
lot 2Oxs22 IT, to same purchaser 900
g b. house, n. s. OF S5th St., 422 IT. O. of 4h av,
lot yOxs22 IT., to same purchaser 1900