The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-06-14
REAL ESTATE MATTERS.

Business mt the ExchaDge-A Large Sale
OF Property In the Prospective Twenty
fourth Ward OF the City-What the
Land Consists OF.
No business OF much Importance was transacted
yesterday at the Real Estate Exchange, and only
limited number OF private sales were effected. The
particulars however, have not transp.red. The
great topic the street and among the interested
in real estate seems to be the approaching sale OF
property in Westchcstcr county. The land thus
offered forms the first large parcel or real estate
$500 ots) coming into the market since the bin for
annexing the lower Westchester towns to New
York city was passed by the Legislature, and is
located at the junction of the New York. New Haven
and Hartford and Harlem Railroads, at present
known as Woodlawn Heights. This property viii
be included in what is to constitute the twenty
fourth ward OF this city. Great Importance is at
tached to tins auction from the fact that fifty
houses are now being erected adjoining the prop
erto to be sold by fifty families, who have become
tired or paying rents and desire to be their own
landlords. Furthermore the building sites are To-
Gated on high ground, which slopes gently toward
the Bronx River on the east and Central avenue
on the west, and is within a few minutes walk
from Jerome Park and the proposed station of the
New York and Montreal Railroad.
Only lew years ago the now famous Duyckman
estate at Sputen Duyvil was brought into the mar
ket. Then the Qasfdruncs sneered when lot
thereon brought $500. This same property at
present rules very high selling in some localities
for $4,000 and $4,000 each, and lots under water
readily bring $1,000. The lots on Woodawn
Heights must ultimately become more valuable
as the growth and improvements OF the
city extend northward. The lower portion
OF Westchester once under control Of the Cor
poration, gas. water and police protection will
as a matter OF course quickly follow. The property
thus offered is portion Of that owned by ex- Mayor
George Opdykc and Mr.. Edward X. Willard, and ls
to be sold by Jere. Johnson, Jr., under the direc
ton OF Messrs. Potter Brothers, on Monday, the
10th inst, at noon. A special train leaves the
Grand Central depot at eleven O'Clock for the ac-
commodation OF purchasers. The terms upon
which this property 10 sold are ten per cent cash.
thirty per cent IN thirty days on the delivery OF the
deeds, and the remaining sixty per cent may re-
main on bond and mortgage for three years with
the privilege at option OF the purchaser OF semi
annual payments.
on Thursday, the 10th instant, the closing sale
under orders from Mr. Augustus F. Weeks, by Mr.
Jere. Johnson Jr on the premises. This property
adjOns that OF the Whitestone Land Association,
which has recently been sold to the New York Real
Estate Exchange by MeSsrs. Muller wilkins Il Co.
at good rates.
Annexed are the doings at the Exchange sales
room yesterday
The announced sale Of the premises No. l42 Bax-
withdrawn upon bid OF $1,000; and No. LA Bax-
ter street was withdrawn upon an upset price Of
$4,000.
lots W. g. llth av., 2a5 II. OF 57h St, together,
luUAlOU; 10 IhoIlaS Jones .S24,Wo
Brooklyn Real Estate Sales.
KENSELLy.
son and Luqueer SIS, lot 20xl0O. 466o
Suburban Land Sales.
A. D. Melck Jr, Bro, sold on the grounds Of Spring
field N j., yesterday III lots of land situate Spring
field Linden and Maryland and Main street,
mir frDp 1.t tNr