The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-08-27

indications OF . Brisk FAN Trade-0seal
Activfty-Demand for Dwelling Housei
Exceeding the suPPly-ssls on City

indications OF . Brisk Fall T1ado-2rooh
Acttvfty-Demand for Dwelling Hsuses
Exceeding the supply-sals on City
Property.
There il at present every indication that the
vtagnancy OF business in real estate Is about draw
ing to an end. By the middle OF next week the
majority OF people out OF town during the past
summer will have returned and then aiter few
days OF city life the hum Of traffic viii De az lively
as ever is was during the busiest seasons Besides
those absent from New York in the country, the
large number OF visitors abroad will return nome
this fall, and the capital Of our wealthy men must
find some healthy investment, and city real estate
can guarantee the surest interest and most profit
able income.
1t only rests now with our city authorities to
continue the various
IMPROVEMENTS PARTIALLY BEGUN
and In contemplation In order to maintain the
frmness OF tone in real estate values II. however,
niggardly policy Is adopted by the nscal agent OF
the city, 10 dsp%1g sorsom . OF MS,cS @
ablest man9uvring and shrewdest foresight OF the
heavy operators cannot avert. The opening o.
streets and bOuevards must continue, even II the
present rate Of expenditure Is heavy. LAYING our
money for such purpose Is like bread cast upon
the waters, and must return to US manifold in the
enhanced Valuations and the consequent increase
ofrevenue on taxable property.
may be noticed in almost every street Of this CITY,
Especially Is this notable up town. On Fifth
avenue Che foundations OF q number OF houses are
being dug. and dwellings and places OF business 10
be erected thereon bid fair to be finished for oc-
cupancy by the first OF next May. Our prominent
tracts Tor, building edidces, ranging in price
from $4,000 10 $4,000 each and upwards. On
the northeast corner OF Madison avenue and Six
teenth street, and running to Fourth avenue, the
foundations for twenty three first class brown stone
dwellings have been laid by Mr.. John McCoOl
which he proposes to have completed tn about six
mOnths. Further up town Q similar activity may
be observed and yet, singular to say there exists
at this moment
PERFECT DEARrH OF DWELLING HOUSES
in this city This assertion may sound strange
considering that after the LIST OF last May largo
number ofresidences above 1000 rent per annum
of a number OF uptown brokers that the list Of ap-
plicants for houses ranging In rents from 81 800 to
$4,000 year Is very large, while they are totally
unable to supply the demand. At this season of
year such occurrences are rare, and 1t Is only
presumable that numerous persons having
got tired OF hotel life have determined to
try housekeeping once more, notwithstanding
the annOyances OF "Servantgal-ism." The
more costly houses on the avenues
and the uptown streets contiguous to the Central
Park will come ii demand after few weeks, when
seaside and country life have no more charm for
wealthy city folk. In the meantime q few good
which Mr.. Frederick Zittel reports the follOw1ng:-
One four story brown stone high stO0p house. 26x
100 built upon the full LOTT, on the south side Of
FftysecOnd street, 1876 feet west Of Fifth avenue,
for 100000, and one four story free stone high
stoop house and lot, 20X50xl00 ieet, on the north
side OF street. ninety feet east of Mad
son avenue, for $40 600. ~.