The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-03

An eventful week to the real estate interest has
just closed, not that an overwhelming business
was done, but the tone OF the market was estab-
lished on firm basis and the keynote Of future
transactions sounded by the Goahs OF the ope-
rators in property. Every broker, great or small,
has his hands full OF traic at the present moment,
and although the columns OF the press are not
toeming with full details of sales made, neverthe-
less An immense amount of property has changed
hands during the past few days. SO far very little
Is done In improved property, the bulk Of the trans
actions being lots in parcels Of single one to
plots of blocks or acres.
During the present month several large estates
will come into the market by order of executors as
partition Sales The disposition of the celebrated
Post estate sold by Muller, wilkins Co., on the
29th ult., may be considered as the pioneer OF III.
ture ones OF the same kind to be held anon. The
prices realized for this property were on an av-
erage very large and fully up to the anticipation
OF the parties in interest. The total amount this
estate brought was s335,OOO. No less an important
sale was that effected on private terms by Messrs
Allen Dooley Henriques Of the following east side
property portion of which, embraced in the Jones
Wood estate, realized S25O,O0O:-
Four lots located the southeasterly corner of av
and 74th St. and lots adjoining on the fronting
st. and lots ADJOINING on t the rear :,
fronting on the re- 70 lots the side d
n3rtheas,ery corner Of ay and ga ST. and 4 lots adj
s A. sn "nS o "a @
easerly side between list and I'D SITS is lots
Aand the anniversary corner av i and
ae anS se lots on the reno ornerv side Of s
l0l lots all ful size except when noted.
MIR. Benjamin p. Fairchild likewise effected q
very extensive sale last week of West side prop
erty, located near the Riverside Park, for total
sum OF $1OS,0OO.
THE TIGHT LITTLE ISLAND
skirtng the outlet to the ocean on one side and
the Kill Won Kull on the other, known as '.Staten
Island" Ia looming up, and enters the lists of COM
petition for increasing its quota of inhabitants. In
short, the citizens of this vicinity inviting the
public to invest their surplus cash in property,
build up Richmond county and become permanent
residents thereof, and thus escape, not only the
high rents OF New York city, but also the annoy
ances experienced by the frequent blockades of
the present "slOw transit" by the New York street
railroad transpOrtatiOnS.
THE BRILLIANT FUTURE OF wEsTCHEsTER.
Rapid transit the opening or the He'll Gate chan.
River through to the HUDSON ali conduce to raise
the liveest anticipations respecting the future of
Morrisania West Farms and Kingsbrdge, the
lower towns OF Westchester county, that are
Knocking at the city gates for annexation. Natu.
rally they belong to This city, the greater part Of
the territory within their limits lying southerly
OF the present city's northern boundary, and the
water way between the two counties, with its
projected tunnels and accomplished bridges
forming a bond of reunion rather than OF
separation. IL Is evident that il Harlem
River and Spuyten Duyvil Creek are to be-
come the channel that Is expected, both sides of
the narrow stream must be laid out, regulated and
improved under competent authority that will act
as unit. Ihls is recognized in the present con-
cession OF jurisdiction over the matter OF the Gen.
trail Park commissioners, but the existing arrange
ment presents the anomaly OF officers OF the city of
New York exercising authority in matters of very
great delicacy and pecuniary Importance over an
other and separate political subdivision OF the
state that is directly represented and it is also
liable to delays on the proper payments by the
towns Tor their assessed shares in the work, such
as have already occurred, and been OF considerable
damage TO all the partes interested i'll the improve
mentS.
ANNEXATION AND ITS RESULTS.
The towns referred to, dsunlted, are denied
the use OF the Croon water, that might most
readily be supplied to them for manufacturing ad-
yantages as we'll as household conveniences, Fire
Department ana Police, on the advanced scale now
in operation in the city, and, OF what is OF impor-
lance equal to the ioregoing considerations com.
bned, the credit OF this imperial city raising at
q premium all the moneys required for the
public works that the municipal charac-
ter OF the towns now demands. with annex
alton accomplished, the capiral indispensable
for the prosecution of private improvements would
fow in to Morrsanla, Kingsbridge and West
YOrkville, and from the property thus enhanced
the city would receive its compensation in taxes;
the 1ncrcdSe OI WHICH would be out slight, COM
pared with the increased value OF the property
taxed.
NATURAL OUTLET OF OUR PARKS.
The views herein expressed are substantially the
opinions OF those who have heretofore watched
closely the progress OF real estate on New York
island. They see plainly that the Boulevards run
ming north from Central PARK have no other outlet
than Westchester, and that the ''west end' must
extend indefinitely in that direction The outlying
territory to be annexed has the same water front
on the east and west as the city, where COM
MERGE and manufactures Will gradually find
on the railroad now running through the
valleys are elevated plateaus that correspond to
the much desired and adve tsed-for portion Of the
city, "between Fourteenth street and Central Park
and Lexington and Sixth avenues" These pla-
teaus, where accessible in large parcels, are al
ready in demand for Improvement; but where more
remote from stations they gradually falling
into the hands Of holders who Will probably occupy
their lives, and then fall into the hands OF the gen
era public through the manpulations OF the
Bleeckers, the Mers, the Ludlows and the Null
lcrs Ut the future. comprehensive bill looking
to annexation VIII be introduced into the Legsla-
INDUSTRIAL EXPOSITION.
The final settlement for the properly designed tn
be occupied by the Industrial Exposition has NOT
been perfected so Iar but It is expected that the
final documents will be exchanged in a few days
This much has been stated to us by reliabie
authority. ON saturday number or shares were
subscribed for by business men ut the downtown
Office.
SALES TO CONE.
TN the 9th instant Messrs. Adran II. Muller, p. II.
wilkins Co. announce very important sale OF
eightyscven lots. located on the Eighth Ninth,
Tenth, st. Nicholas and New avenues Ninety ninth,
10Ath 109tn, ll4th 10th. 12lst l2Sd l25th l2sth,
10th and 20Sth Streets also three story brown
stone house, Ill East Sixty.iith street, the whole
the property Of Mr.. Benjamin Lehmaer, who Is
about taking up permanent residence in Europe.
In our advertising columns the full particulars OF
this property may he seen in detail.
PUBLIC SALES FOR THE WEEK.
The following legal sales are advertised TO De hed
at the Real Estate Exchange during the ensuing
week.
10Th st, n. 1879 av A, lasxiOoIo. by Richard "
Harnett, feb 3. -.
Snien court bet Sd and 4th avs, W. 20 south of
line parallel with 81 av, and 1853 w. 81 av, l99xn by
Rrosdway n e cor 55th st.. 756xl3 sxs2 sx96S; 55th
st. n s. g6.3 c, Broadway, 25xsAsx25.lxS2s, by William
Sd av E. s., l4l.e iOsth st., l7sxiOo by Richard ".
Cd av s., 1892 lOsth St, lzsxlOo. by Richard v.