New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-05-14
RIFT ZINC IN RROOKLYN.

RIAL ESTATE MATTERS DULL-ACTIVTrY IN BUILDING
CONFINED TO THE SOUTH BROOKLYN DISTRICTS.
The activity which characterized the Brook
lyn real estate market at the beginning Of the season
has gwen place 20 unusual dizziness, amounting almost
to sgnaon During the latter part OF February and the
first two weeks March many sales took place OF houses
I'm Clintonave Heury-st PierrepOntst. the region OF
"the h the lines Of the carracks extending to
Prospect Park at prices and terms favor
able TO the sellers Valuations Of property and prices Of
rents were fully 20 per cent in advance Of last years
charges but the operations OF spectators in Walst
caused tghtness in the money market, and forthwith
all movement in estate and improved property came
10 stand prices receded to their previous figures ana
tenants were informed that they might retain their
premises AZ the old rent. As consequence there has
not been the usual amount of moving this year, and
where concessions been made by the landlords and
the anticipated advance has been held IN allegiance, the
tenants have preferred 20 remain at the old
prices rather than undergo the trials annoy
ances, and expenses Of moving 70 other quarters
where perhaps somewhat less than the old rent
was required While there generally little movement
In real estate. activity is manifested in improved
property I'm two localities. In st. MarRsave.,
Prospect-pace. sixth and Seventhaves, Pros
pect Park sales Of handsome threestOry houses with
the modern improvements have been made at prices
varying from $1,000 $4,000; while on Ninthst and
the direer line the side of the Park number Of
houses have been sold az advanced prices In fact
tytv is confined TO the vicinity Of Prospect Park,
whittier the tide OF settlement is tending. There
large tract Of elevated land In the vicinity OF the park
which is most desirable for dwelling purposes, but
which until the laying ont Of the Boulevard bad been
either neglected overlooked, while less desirable
localities more remote from the central line Of travel
and the nucleus Of business bad been built up improved
and thereby rendered extremely valuable. Attention is
now directed this region which has been neglected,
and disposition is evinced TO improve and occupy IT,
Lots IN the vicinity Of the park are worth
from 500 70 $3.50 foot The Twentyrst Ward east Of
BedfOrdave sought Tor also BY purchasers and three
story frame houses IN good condition with gas, water
and closets be obtained at prices varying from $50
5000; while good brick houses in the locality
purchased for - 5000 These houses rent
moderately we'll from $500 sOO being asked Is gen
orally believed that when stock speculation runs hlgh,
dormant, and the nigh rates
OF interest offered in Wast seem 60 have attracted the
attention of mOneyed in Brooklyn, and diverted
them from regular transactions IN property more tnan
they have Influenced solid business men in NewYOrk.
Numbers Brooklyn capitalists whOa at this time OF year
usually invest their money In real estate are now 70 Dc
daily In Walst lending money 70 the occupants OF
Poverty Corner who are willing 10 nav greater inter
eel than be got elsewhere. II is claimed that since
the end OF the war, more than az any time previously
money has become merchantaDe commodity, huetuat-
ing in value according 70 lts scarcity or abundance
equally with wheat potatoes, or any article having at
ZINES different commercial values
The attention OF prOpertyOwners is directed to the
rapid transit movement and more good results are an
ucpated from the carrying out Of this enterprise than
from other source In fact since II was announced
that the whole amount OF the capital STOCK OF the steam
Transit Company had been subscribed for. percepuhe
movement has been noticed IN real estate along the Line
OF the proposed route Inc great eOrt 70 cOnheeI Dy
a ride Of few minutes Fulton Ferry and the East
River Bridge with Prospect PARK, FlatDush and East
New-YOrk and the road VIII have tendency to omid
mp tract OF land heretofore comparatively cheap
little sought after. The announcement that rapid
progress Is making on the bridge has had no perceptDle
effect upon the price OF property The doubtful state OF
the finances OF the Bridge Company and the possible OBJ
ment Of the work have their effect upon the minds OF
property-Owners VINO are in measure tncredulous AZ
10 me imminent OF Inc enterprise Nheh the calssOn
was finished many OF the results which would accrue
from the use OF the bridge were discounted and no ap-
preciable advance real estate will be felt from that
until the flooring Of the bridge IS laid and the ct
Eens realize that the work Is about 70 De completed
This is the result Of the exposures which have revealed
the mismanagement OF the directors, who have lost the
Looking over the real estate field and noticing the
general dizziness and inactivity which prevail one de-
the impression that the present most favorable
opportunity for purchasing, WHETHER permanent in
vestment or Tor speculative purposes II Is not believed
and Tor those who ndlspOsed 70 take the chances OF
Wat lotteries and prefer 70 invest real estate With
good chances Of fair profit, the few persons who have
money 70 spare and affected by the strngenCy OF
the money market believe the present most favorable
une 70 0Qy The inactivity in real estate likewise
anecied the erection Of buildings. Little has been
localities referred where there have been some move
ments ID real estate Most Of the buildings which
been erected are upon the plan VI the French
nats. Three ana four-story buildings of TINS class
have been erected IN South Brooklyn, in Carroll.
Ffesueht FIRST ana SecOndsts As the rents have been
placed al reasonable prices these buildings largely
sought for, ana were rented they were finished
The rent for $50 month the second Tor az
and the third for SO There rooms on each fo0-
Alltucuf foOh' DtQfOOlF,
The houses have DrOWustOue fronts and
able homes for persons receiving salaries are nd.
posed 70 i've in tenement-hOtses and become elas-ed
with those who nerd in them, and yet are IN
able 20 pay the rent OF whole house in - desirable
nelghbOrnOOd There j. growing want for dwell
part OF large class OF persons, and builders
viii md no difficulty IL renting them II the tariff Of
be placed reasonable figures. The are
caDytsslug the CITY 10 obtain the whole
Der OF buildings constructing They viii finish
laDOrs middle OF June, bat their reports
up " tins time show smaller number thtn has been
the FOR nye years
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