New-York tribune., 1873-04-14
REAL ESTATE.
Nrw.YonK. saturday, AVN y. ls7s.


public offerings, which, whenever the properties nave
been well located and offered upon favorable TERMS
have with fair. and in several notceaOe is'auoeS
with active competition resulting In good piloeS e
quenty considerably In advance OF the expectations eh
tertained by both and operators AS We haNo
frequently remarked heretofore there can DC no oe'e
criterion values than the results obtained or proper
tics sold ~ public auction when such sales are larry
conducted IN mauuer calculated TO inspire confidence
and especially when coupled with certainty that the
sale will be positive TO the highest bidder entirely With
out reserve. Ii is to these facts we may atIlDute
the spirited competition and apparently hgh
prices frequently obtained whenever properties
belonging to estates offered, several notable In
stances Of which have been recently aOrded-instance
the " "Cnrman," POST" Cavalry" and other similar
sales which have taken place this Spring, where IN al
instances entire has been attained. This same
condition Of affairs would undoubtedly apply 70 all puV
lie offerings were 1t not from the fact that In tne
majority OF instances buyers know that the properus
put up are protected by socaled under bidders ana
in frequent cases run up to q price considerably III
excess OF real values and knocked down 10 parties
acting in the interest Of the owners. Tms may oo
done with the object in view Of stimulating aolaeeH'
values but very few, ary, are deceived py 'iii'
course the majority Of operators are entrey 'oo
well posted as values to be Influenced IN TINS way
There does not appear be any way Whereby THIS ull
fcuty can be remeded. Itfrequenty occurs Inat o"n
ers are willing for the purpose of making qucA
ton OF their properties to take somewhat less tnah cou
probably be obtained by waiting an opportunity 10 sell
by private contract. and therefore decide TO oer at
auctcn. vet in such an instance the owner certainly
cannot be blamed should bidder at fair price not be
fortbcomnc) for not being willing TO sell at great
sacrifice he therefore bids the property in, or more
usually has friend do for him. Again. owners not
unrequenty desire TO test the condition OF the mar
ke aud that end in the absence OF recent sales ether
public or priyatel Of adjacent property conclude TO
or fair nricp
himself, though at considerable discount under
the hoped for the sale usually consummated such
instances Of almost daily occurrence. We cannot
hold the opinion that il should be considered neces
sary in all TO sell absolutely whenever properties
are publicly offered, in many instances, owing to a
stringent money market. from other temporary
causes, IL becomes almost impossblity TO obtain,
even approximately the equitable value Of property
and sales to be made at extremely low prices
merely because of the public Offering the result would
to csastrOuy affect the value of adjacent realty and
would not IN any way be fair criterion. Nor Is the
custom protecting properties thus offered nearly so
unfair many pretend TO believe. The whole matter Is
perfectly we'll understood by real estate operators and
rule they do not expect save in exceptional cases.
20 be enabled TO buy at ruinously low prices With
suburban sales, such plots as are put up
are usually sold without reserve to the highest
bidder should the find the ruling prices lower
than consistently be afforded the sale is postponed
although suburban owners frequently feel entirely
willing sell certain proportion OF their properties at
cost even less for the purpose OF ndnclng improve
mtuls which In the end would lavorably affect the
the remainder. This whole matter has or late
bceu fuy argued and there Is undoubtedly much which
said either side 1t is noticeable feature.
owners or the one hand who claim that it is entirely
far 10 protect themselves aud nOnOwners on the other
hand who pronounce the system 70 he simply species
of Peter Funk" vet who always stand ready 10 take
advan.agc OF any such opportunity offered Ia
tne reports of public sales gwen in this
give only the results of the actual transactions knock
downs uo sales are either so stated or not gwen at an
by making application TO the auctOneers, for so lar as
experience goes TO show. they are an times enlIey
wiling and, IN most instances anxious 70 give every
Information necessary; the exceptions to this rule are
very few We, usual, append list OF the proposed
public offerings for the next week, among when we
would cal attention TO the sale advertised % De nade Dy
sraby located lots Of ground, comprising four the
nOrh-westery Of the Boulevard and ODehundred
andthry Ourthst, two on the south-westerly corner
Of the same streets, 20 the norherly side Of the
street. commencing 100 feet westerly FROM the BoqIe-
commencing 100 feet westerly from the Boulevard,
Alvin higgins The favorable location Of this properly
aud tho liberal upon which II will be offered In
duce the belief that active competition may be looked
for Descriptive maps and full particulars be OBJ
tanned upon application at the auetloneer's office. On
parcels being principally Of improved properties which
well worthy the attention OF those looking for an
opportunity make investment in this class OF realty
At the Exchange toaT the attendance was small and but one public
& H. L9oT Co SOLD BY order Supreme Court acting under
the direction Of Thomas H. Lee referee The hysey Ses
fee: westery from Jacksor-st Ga Elias G. Brown,
wsm Kenne ajoaei week the sale noted TO be made
BY orerOi the sheriff being oip9PeT', on seo1a,e ave ana m
oooS} Spi ron honiai APR t. SATURDAY April 49, ncuve'
By Muller wilkins Co. igo-ay SIE house and lot 2'1loo
;Ses,s9 %aa.,.,s 0s t5 Known ,TIs as 70 H. VI
By Hugh Camp sale under The direction Of Henry E Davies
rseree house and irregular po located at CiSn STA sie5 a. -d 70 DC
premises Fa particulars can be had from the aucn0ner
al Ole once ~ THIS '" 71e,aay. Aprals
Br Muler wilkins Co.. 10 lots. each 2oxlE located nnnlng
through from ErhtysccOrd BghyhsL, commencing lCC feet
''s J T'S oI Of Alvin Higgins 50 lot, and
loeH ed on the boulevard OnehundIed andhyfOuas
II s so at and oS On Pe' and B the town Of dor
,as % 6. cVG 1 Ss'hS oa h Harlem Road Tssr
Fe Fu r-ca,r descriptive can be obtained upon aDp
cation At oiace Of the suctoneeIs -. -, 1r No. 4.
,. ad ~ bk house ana lot loI5GoI6i and known
i Hudson ,9 the similar g1ITs s1 t9'SD @ ,ed sG lSS s cB Jack
, house and loi 2Ies9 located tbe nOrtherJ side Of
Les 81 under dcon Of G. Beansh referee one 10, zS
.sS 8 located soutaery corner Of Avenue and Tselh
house and lot 1olt4y oca on ins % n ~ M az
inches e nom H1so9E & kno"n ~ As s y, ON referee. l,,,. Of
M 5IiO together buildings thereon located on the easet
& SrS with the buipgs lOesd the southeIy side Of
Whe - fee. e1' easter Jon H sf Fl NJ Randall bouse and o. 2s1
essx6si6i located No 2J East
,,;, b ST HsIs s on % the .oSSeIy sds Of Tghesh
St stable sud o SIO located the Ouher side Of TbrhA
ST. aS, o e5 iI located Oh soaheAstery Of Mad
,os,.ye ani o. ehuldrel elaud-tweuty utyourih-sL , p,
~ and on hundred twenty fOuthst
Pr tnoy hghstoop broSntone ont houses ana io eaeh
sOubery side Of Onehundreo twenty
.onrth.st between Fourth and MsdisOn-aye. -. 49,,
i0ahss .toop browuous and lot 20IlO0ll
.tI =, tb rorthery l6I
80 ~s.tsyIy from Second ~ known a. No. 2JL
eeory mgb-s;oo brown stone front house and o atSS To-
sOuLeTV ade o. lrylOa-s~ ~ ieet e~ei On
Tepth-aye.. known ~ No. 40 .,-----,,..- -, ~
Tao ouTo hgoop browaone oni houses and lots eseh zt
.eeerly from Eahtl-sve. known a. Nos Jlb snd Sz'.
,,s,aontlst eommelcng feet easery from Frst-aye
p Beroktr Son legal sale, under the direction OF A. a
5s1 rssss tbres brick building and lot 2tIO located
M through Greenwich 70 NashgIols zv9 ieet nortnty
49, hck baldng and 0t <Jfo located On
~ IN Wts sry come Peck-slp aud Southst