The New York herald., 1873-09-01
REAL ESTATE GOSSIP,
The Coming Fall Trade Antici.
pated To Be Very Brisk.
West Side improvements What Has Been
Accomplished During the Space Of One
Year-The Eastern Boulevard.

VCse soiuc improvements hut hh, DCch
Accomplished During the Space Of One
Year.-The Eastern Boulevard.
With the close OF the month OF August 1t is ex-
pected that the real estate market will show some
new signs OF activity. The dulness prevailing dur
ing the past two months has been no worse than
at any previous summer season. The only differ
ence Is that the sale OF suburban property has
never been more extensive, and thus formed a
striking contrast to the comparatiye lnertness OF
city rea estate. Yet sale of a New York lot stt-
ated III an eligible locality-say near the Central
Park-wil realize more than probably 200 lots ut a
suburban SALE But occurrences OF this kind at the
| present season are extremely rare and when
made continue to form the basis OF conversation
| for some time. For
THE OPENING OF THE FALL TRADE
| shall doubtless have the sales OF several large
estates OF the few that left Manhattan
Island. The rates at which city lots are now held,
| and the constant enhancement OF values and con-
sequent taxation make it extremely difficult lor
owners OF estates to carry such large possessions,
even with the prospect Ofstfll higher advancement.
Under this pressure the Banks, Carman, Post,
Bradhurst and other large estates were brought
under the hammer last spring. and the figures OBJ
tanned fer the lots were not only extremely high,
but tended to establish rates OF valuation for all
the surrounding property. Such realty, as for
instance the Mott estate, which thus far remains
intact. is now very scarce, and, sooner or later,
this same property must be disposed OF In partition,
and come into the market for consumption.
THE WEST SIDE
was mainly owned by similar estates the owners
having attained thereto either by purchase OF,
many years ago, as farm lands by the acre, or in
herited them from deceased relatives. With the
establishment OF Central Park property on this
line advanced In value, but at slow remunera-
| tive rates; but under the "Ring" rule when the
magnificent boulevards were projected and put
IN forward state OF completion, the fever OF real
estate speculatiOns set in, and In very short time
became epidemic and spread in all directions.
| Ventures in lots made hap-hazard; every
thing within the precinct of Manhattan Island hav.
| ing the appearance OF terra fr-ad was eagerly
! bought up and held for q rise. Even lots under
water-Cide the Dyckman property at lnwood-
commanded as high as $1,000 per city lot, and
sellers, even at that rate, maintained stubborn
indifference towards selling. This was the state
of affairs at the opening OF fall trade last year.
WHAT HAS BEEN ACHIEVED THIS YEAR
is already matter OF history. Business Is rapidly
approaching towards the southern boundary OF
Central Park and crowdng private dwellings fur
ther up town. In anticipation Of such an event
and realizing the nortnward movement OF our pop
ulation the Legislature has passed the bill pro-
viding lOr the annexation OF the lower Westcnes-
ter towns to New York county, which measure VIII
be ratified at the coming election. This extension
will be barely suficlent ior the rapid in
the growth OF this city, and judging from the ex-
perience OF the past quarter OF century the next
| OF New York VIII have to be further increased.
Since the advent OF warm weather our builders
| have been very active. The erection OF dwellings
and business houses may be noticed at every side,
and, while there is a surplus OF store property un-
Itat.I t.nnnn hos hpn
apparent within few days past, owing to the re-
turn oil the country pleasure seekers, winch wiz
tax the energies OF the builders to supply in season
Tor occupancy Since last fall we have likewise
had many vast improvements added towards
Riverside PARK, the laying out OF the Northern
Boulevard, running from l5jth TO lnwOod street.
through Washington Heights; the finishing OF
grading seventy second street from Eighth avenue
10 the Commencement OF Riverside Drive, and
various other important measures II TINS same
built up, and then-well, the future must decide
the rest.
| THE EASTERN BOULEVARD.
While the Judicous and tasteful laying out
OF broad avenues west of Central Park has
achieved wonders In the enhancement OF properly
located this line the east side has taken care OF
Itself. Most OF the property, except such as was
not too marshy and OverfiOwed 10y the East River,
has been built up and commands remunerative
profits on the investment. Yet the residents OF
this section OF the cty by right laid claim to some
improvement on the part OF the Corporation. For
this purpose the State Legislature, on the 10th Of
May last, passed an act establishing the Eastern
ments:-
those parts Of the following named and
Known as 5" the Eastern Soue1Srd namey
second street from Fnh Avenue to avenue Avenue
ninth street from avenue to avenue b avenue b. IRON
to
@ senS Ss @ srse
east Of second avenue then to said boulevard;
@ @ as%srd S .Iss s5sS ;Is&
| tO A; A.
cniiy 10th the Harlem River and i shall be
sSf Sns shs The 1ae
epn D soaeysrd Extending iro@ the Of
nc a.
and avenues now laid out, or partly through the same
such such directions as the said department.
n the @ or e Of the
OF l6th street with avenue A.
The act empowers the Department OF Public
Works to establish or alter the grades OF all streets
or avenues connected with the work; also to lay
out public squares OF such extent as the DEPART
ment may deem proper, between Eighty-fourth
and Eighty sixth streets, extending from avenue
to the East River, and within the lines OF Fourth
avenue. between Sixty-seventh and Ninety-sixth
Streets but no openings in the said squares to
| be more than ten by twenty leet.
have been heen held by Commissioner Van Mort
respecting the proposed improvements but no de-
termination mas .us m lar oeen M n r e
| posed route OF the Boulevard exists among the
holders OF real estate on the east side, and we
Bather think that, after hearing all sides, Mr.. Van
Mort will be compelled to run this avenue accord
| ing to his own Judgment a prerogative the law
gives him. desire to please everybody generally
results in satisfying no one, and as this Improve
ment Is highly essential to the progress OF this city,
the Commissioner should proceed at once with this
enterprise.
SALES OF PROPERTY.
Mr.. John Kavan agh reports at private sale the
following property
slots on the south side OF 55th st. l70 feet OF 9th
sv. TOR the building OF nrs class brown stone o M.
One story brown stone h. ana l., 2l3 West 42d ST., 80.
Tx lots in West Farms, Westchester county $Iu
lot side OF 9th between SD and Sith quo
lots south side OF 5sth 300 feet e. of 5th av,
the erection OF first class brown stone dwell -
|
The following sales at auction are announced
| for this week.
~ yAxKs ~ MLLER-xoSpiY, SEPTEMBER l.