The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-06-09
HE'LL GATE IMPROVEMENTS.
The Eastern Boulevard Industrial EXPOSE
ton and Sinking of the Fourth Avenue
Railroad Tracks Discounted.
West Side Stability-Effect OF Annexation-First
Large Sale in the New Dis!rict-Growth and
Progress Of Yonkers-Heavy Sales
Of Suburban Property Impend-
ing at Marion, N. j., and
Whitestone, L. !.


just closed have been rather limited, while at
private sales considerable activity existed. On the
5th instant we recorded highly important trans
action in cast side property, consisting OF an
entire half block OF land bounded by Sixtieth
street and Madison and Fourth avenues, the plot
numbering sixteen lots, sold 10y Mr.. Frederick
Zitte real estate agent Tor Mr.. Hammersiy,
TO John McCool for 100000. The purchaser
has already commenced operations for the
erection of twenty-three first class four \
story brown stone buildings, which, when
finished, will complete the entire block with first
cisss residences Another extensive purchase OF
real estate, amounting to about half million OF
dollars has also been erected east OF the Central,
Ant the particulars thereof not at liberty to
make public as yet.
We merely repeat these facts to show the great
activity existing IN east side property, which may
he attributed the projected construction OF the
Eastern boulevard, for which enterprise bill was
passed at the last session of the Legislature,
and the clearance of distractions in the
Hell Gate water channel. This last men,
stoned Improvement Is being heavily discounted.
Already number OF steamship companies now
located on the North River negotiating for
bulkheads on the East River front, with a view OF
erecting thereon huge warehouses; and bulkheads.
Following this enterprise the natural result must
he the erection OF warehouses; and under such cir
cumstances it will not be long before the entire line
of docks on the East River VIII be occupied by the
sold business men OF TINS city. SO much for busl-
ness. Az we approach westward, towards the
NTH avenue
HEALTHY STATE or AFFAIRS
exists in real estate for dwelling purposes. The
rapid manner IN which the tracks the Fourth
avenue are sunk promises the completion of tins
gigantic undertaking within the next two years;
AM, this improvement is also heavily discounted in
hn nph n no ri eff tod
truously thereto. Another cause may in this con-
necnon be mentioned, which is the projected
binding OF the crystal Palace on the plot Of ground
bounded by Third and Fourth avenues, Ninety
eighth to lo2d street. for which q bin passed by
She Legislature, authorizing the city to loan
$2,5Oo0Oo bond and mortgage, is in the hands OF
The Governor and about to become law. All
these causes have had their sautary influences
and created q demand ior east side property which
did not exist for several months past until the
present time.
ON TIE WEST SIDE
the inquiry for lots continues quite steady. a few
days ago "A prominent theatrical gentleman made
offer OF $l2o,00o Tor front River
Ede Park, between Tooth ana lolst streets
which refused. When IL is n
sidered that not even a spade has been inserted
INTO the soil to make tins PARK reality, ana that
ihe improvements thereon are only protective it
well for Illustration Of the immense value
His " ~ haray lar 10 SET y Gown az u 'ouh'
movement. Lots IN TINS vicinity at auction, bona
Ade sales brought such rates warrant the
swner OF the above mentioned property III reius-
Ing Tie sum offered
Those inclined TO be ..Ebcnezcrish'' prophesicd
that the annexation Of the lower Westchester
towns would thave n depressing !efect uron New
ierk property, especially In tae upper portion uf
She island. These representations tyl are amply
borne out by the facts adduced above. Inc meas
BENIGN INFLUENCE
on realty, not only on New YORK property, hut The
eroao acres within the circle Of the line TO be at
tachca To the corporate limits Of New York have
enhanced upward OF one hundred per cent and
the cOntagon OF advance prices has even
extended Westchesterwara ar as the State
N Connecticut One great triumph achieved by
the determined stand taken on TINS annexation
business by the Metropolitan press IS that even the
'lmplaCablcs'i Of Harlem now admit that the bill,
even with the voting clause inserted, is good az
Alaw, ana annexation a fixed fact.
Next week have the frst large sale Of
the season IN Wcstchester county. Already are
The maps Tor tae property 10 be offered In the
printers hands, ana The hna arrangements made
sOr a successful operation The land offered is a
portion Of that owned by ex-Mayor George Opdyke
and Mr. y. X. Willard, located on Moodlawn Heirats,
On the junction o: the sew YORK, New Haven ana
Har lioId and Harlem railroads comprising about
ave hundred lots, which VIII he ~OlG IN lots. Mr..
!c,e sonnson' lr The '.Fhininr' asc,oneeer,
are printed shall publish Iartller Particulars.
TnE GROWTH e. YoSEEIe
has been very marked. Forty wears Hgo this snbur.
han city was mere hamlet In Is4s the popua-
ten was 2hi5 m 1885, 5.Ii0 II lsd, Sao; lnlSI0,
!2;5ss. and to-day the city contains epwards Of
ls,00C inhabitants. The Typographical features of
the city, its Varying bls and deus ana as superior
building SITES, unegualiea IN the county ana rs
further faiid increase. The only INK required 20
faliy cOssuipmatc tnis rapid growth Is the pro-
iected one vi
oulCR TRANSIT
50 the l0wcr part u Manhattan Island: and when
This problem ~ solved The closely confined inhabl
sapts 81 New ! ORR can md pleasant homes Ill the
rural slbarns along the many picturesque hisidos
ior winch lobkcrs y Justly noted The city IS well
aTaIne6 NV The hudson, saw Mil or Ncpperhan
RIVERS and ifbht's Brook. The saw Mill River
affords cons,dcrable amount 81 water power
70 factories aionr ~ banks, as Wei as
water Ion steam purposes. The manufacturing
interests Of the city arge ior the sZe OF theS
place, embracing Two large Woo nat factories,
employing IN the aggregate about one thousand
hands There are Also wo large carpet, three sew.
my sk, one lead pene factories nonr mills,
elevator works, Two machine Shops, iron loundrlcs,
ssw mills NC, Nc, besides plenty " room Tor
large number more o. the KIND Such Is only
arapid summary OF the extern Of ionkcrs.
PROSPECT or TbE WEEK.
Or Thursday, the 18th instant, Jerc. Johnson, Jr.,
wlll sell at Marion, n. (which ~ only eight
Iunuies' rae rom New YORK by thIrty.two trains
'iails-about one thousand lots Of choice ground,
fronting the iIackensack River and the railroad.
incuaef IN this sale IL the 81. James Hotel rms
property has "a water 'front.' OF over one ana haif
miles, anc the Pullman Palace car company, as
aiso The Jersey steel Works contemplate erecting
immense factories the river site. The safe Is In
PARTITION and Tor the parpose o. settling the AFFAIRS
81 ihe Marion Building company, and will be con
1uciea oA Messrs. Jerc Johnson, Jr., ana J. NJ.
Gibson, al Jersey CITY.
On me same date the last SAFE Of whtestone
Property by Messrs. Muller wilkins 4 Co, under
The direction 81 Mr.. George W. Van siclen con
sIrhhp ~ ever lour hundred lots viii be held ~
The seW ,ofk Exchange. The second sale Of lots
from tAs estate bed last Thursday while bringing
comparatively low rates nevertheless realized faIr
prices, Inasmuch as the lana consisted mainly OF
salt meadows. Mr.. Armstrong New York
merchant, who purchased heavily, has since been
offered net pr0lt Of $4,000. winch he refused on
his investment. We shall give IulleT particular. In
list ~ sales for the week
~ FMsDinp PARK lots considerable demand Is
noted This property boasts OF five dCpots In close
proximity. and being near the city, enjoys every
1adiiiy Of rapid transit. The place Is improved
with stone sidewalks, and numerous buildings are
AZ course oil construction.
TIE MONTHLY INsTAiKENT SYSTEM
twiihrut INTEREST," has been adopted In connection
WITH thts enterprise. and seems 10 take well among
thc masses, judging rom ilie crowds who visit the