The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-05-11
B EAL ESTAT E.
A Review OF the More Recent Operations
'ote and the Lessons They Teach.
Recent Transactions in the Twenty-third
and Twenty fourth Wards and in
r Westohsster County.

The week which closed GU Saturday night was
full Of cheering and encouraging indications
oil increased interest IN this market. While In
respect to actual transactions this interest CEN
tired principally around the continued sale OF the
Mott estate, there was manifest IN the improved
inquiry larger disposition in this direction and
Q better appreciation, II not mayhap understand
ing, OF the conditions affecting real estate az
marketable quantity, In what constitutes Its pres
emit value. Apd let 1t be here observed in re-
spect to this very subject OF value shat 1t not
every man In the business OF real estate dealing
who knows what value ia.
ACTUAL VALUE
should be distinctly understood, where property Is
offered In the open market, to be precisely what 1t
win bring We are accustomed to look upon gold
as the highest OF all values; yet one can readily
imagine circumstances in which gold would be ut
terry without value and loaf OF bread incompar-
ably beyond value. Take wrecked crew. thrown
on desert island, without food, but their belts
fun OF gold would not q loaf OF bread or glass
OF cold water be worth more to them than all
their gold? Now commerce ts only graduating
rejection OF these conditions-supply and de-
mand--the mathematical rule which regulates all
real intrinsic values, which In poss. in respect to
|. demand, creates speculative value. and In esse
In respect to the power Of conversion, determines
actual value. II our real estate owners, dealers
and operators would only bear this in mind they
would have q clearer understanding OF @
THE CURRENT CONDITION OF THE MARKET
The quasi organ OF this interest," speaking OF last
weeks business says ,tottt4 ft
The week opened better than the last closed with
airer indications than we have seem for some time In
curry and negotiations Were brogah
ss ss St the q % M 5 ssae
NAMING lots 81 whch closed out e. auction s
average a. wen respect location and choice There
81 $ q ne he
%
sas sHSa @ not az as r
owners moro assured
which, being interpreted BY the rules given above,
means that the enthusiasm eyossS by the presensa-
after the Presidents veto Elimination had gwen
increased stimulus to real values, fell on slightly
between the hrst days sale and the last not sum-
clenty, however, to ignore the intrinsic value Of
the property Onered IN respect to Its cOnverti-
bilty vet reducing to some extent the speculative
value which y naa acquired IN the assumed pres.
to this sale the following supplementary details are
Riven:- -
WILLIE, By 4. ). RLEECKER, SON n WHITE, Mayo
l water lot No 1865 18th av. W. corner OF Goth St,
water lots Nos i3s to i7O 18th av. W. g. rs IT
Of oSth Ct. adjoining above, each same size;
@ S.ssF tx 10 10 faf lsl sv adjoining above:
w sa%s i pe M IL y ~: W corner sh st. as
% seoIs iaRs S,~' corner st. a
ic. N o. II 70 i7s 18th sv a. adjoining A'
Zach $ 5s same solss4 &
adjoining above. same szs same buyer sOl
aa2xl9 John a Tower. Lso
WoxiVo' 2. i6U