The New York herald., 1874-12-16
REAL ESTATE.
Interesting Features in the Market in Con.
ncctiOn with the New Outlook.
THE GREAT CORPORATION SALE
Yesterdays Miscellaneous Sales
and Negotiations.

Yesterdays Miscellaneous Sales
and Negotiations.
This market was the leading feature OF inter-
est down town yesterday IN the speculative
in the sense that men are AT
tracted TO make purchases. not so much from the
assurance that the actual existing wants OF man.
kind Will later 1nd them better market as that
present wishes, which have not yet crystallized
sufrcien,ly TO reach the pressure OF wants, VIII
soon again sulerinduce active inquiry. The
feature OF the days business was. OF course.
THE CORPORATION SALE,
which attracted large attendance. The occasion
OF the sale was the non. payment OF assessments
for certain designed improvements up town. and
others partially commenced or dnished elsewhere.
The safe was commenced oy Mr.. A. S. Cody, Clerk
OF Arrears. At twelve O'Clock a large number OF
purchasers assembled in the General Term Room
OF the supreme Court. Comptroller Green opened
the business, and Mr.. Cody read on the terms OF
SALE
The points regulating this sale are peculiar and
interesting. Few understand them. and often
times even owners are to;aly ignorant OF the
proceedings. The hrss lnrlmaton OF q sale
having taken place may occur when wishing TO
negotiate loan or transfer their property An
explanation Is, therefore, OF Importance. When
stree are to be opened widened or extended or
other public improvements made, propertYwhich
IL 10 supposed VIII be benefited thereby Is as
sessed to llquldate the expense Of such work. The
owners have one year to pay this money after the
confirmation Of the assessment. All property In
arrears under this law is then advertised (or sale.
ABSOLUTE TITLE TO THE PROPERTY Is NEVER
GIVEN.
Tho no n. .rch tho laaop a Cevtotn uuro.
ber OF years. agr eeing to pay therefor the amount
OF the assessment, interest thereon and expenses
OF sale. he may buy this lease or any number OF
years. 1t Is Knocked down by the auctioneer to
the purchaser bidding on the shortest time. Alter
this sale certificate Is given and the owner has
TWO YEARS AND SIX MONTHS TO REDEEM.
This redemption can only take place on the pay
ment OF all expenses incurred and fourteen per
cent interest added. Should The owner laii to come
forward at the end OF the specified time the pur.
chaser gets MS lease for the term OF the original
bid. Then 1t becomes imperative on the owner,
should he afterwards Wish to enter absolutely
upon the control OF his property, TO make the best
bargain he can WITH the purchaser Of this lease,
Should any lnlormaity ARISE as 10 proper title Of
the purchaser the city undertakes TO return MN
his money with seven per cent interest additional.
A large catalogue oil the property to be SOD has
been printed. 1t contains fflyone pages. Yes
terday
~S~D
Among the owners IN the catalogue are men.
toned Messrs Jonn J. Astor. Daniei Drew, Fer
Edward Matthews, =. I. Barnum, W. ). Wander
bit, Nathaniel Jarvis, Jr., A. X. Lawrence, John
Fox Ghares e. "a Loew ana % otaer prominent .I,e men men
property to be sold. the assessments for which, In
some instances, amount to only few dollars.
IN MANY CASES THE PARTIES DO NOT KNOW or
THE SALE,
and in others hopes are entertained OF evading the
payment on some tecnnlcai point. Hundreds Of
before the COurt6. where II Ia
sought 10 escape payment on the ground OF
errors Doth OF law ana u>tice IN levyng the assess
ment. Among the buildings 10 oe sold are
number OF churches and institutions OF ali denomi-
nations. The act that corporation property IS ad-
In order TO ASSIST the Clerk OF Arrears IN deter.
mining ttle and where actual ownership IN the
corporation Is discovered the house or lot Is
stricken from the catalogue.
SIX HVSpREp AND sixTY>FotR LOTS AND BUILDINGS
were thus sold YESTERDAY Ihe -s 2,ds ranged from ON
lets to be sold III all. The safe will De continued
90 Friday next and must take several days TO
AT THE EXCHANGE sALRsRO0M
the public transactions were as follows :-Mr.
James NJ. Miller sod by oraer 0. the Court under
the direction OF A. H. wal.is, referee, the building.
with ten lots. located on the northeast corner OF
west and Bank streets; and under the direction
Of J. 5. Lawrence, referee, unimproved property
on Twelfth avenue and lc3d street, and the prem!-
ses No. IS King street. Messrs. Bieecker. Son b
ton OF Phiio T. Rugges, reieree house with lot
on Twenty-eightn street, west OF Sixth avenue,
ana Mr. Jere. Johnson, sou ~ puUHc auCuOu
unimproyed Brooklyn property located on the
Eastern Parkway, Bed lord avenue. De9raw ana
Union streets The prices given below are over and
sale of this Brooklyn properly has excited much
discussion IN view OF the expectations that were
formed when certain Improvements upon the
line OF which these several parcels disposed OF
were located. The Improvement OF the Sacket
street oouievard, when was supposed to give this
property extra value, proceeded well enough. but
subsequently came the panic, winch checked all
enterprise Yesterdays sale was clearly one OF
Mani Aaf, Hn0 Nr Nor
more ii things were active pt was neld al very
much higher fgures-perhaps they we're
sas urcss Obtained
lowes point OF exceptional depression cannot be
doubted. rnus one evening paper says The
public sales to-day yesterday were numerous
and important Several sacrirces were made,
taxing previous cost INTO consideration. The dli-
terence was most marked In Brooklyn property,
when brought prices about eighty per cent less
than former valuations The safes OF New York
property we're generally IN foreclosure, where
parties to the action covered their tereSt at low
10 give full idea OF the sale OF Brooklyn prop
erty We subloin the following particulars inde-
pendent oi the summary
Jere. Johnson sold ten lots, each 2ox9e, at the
sou,nwester!y corner OF the Eastern Parkway
iSacIetL street oouevard) and Bedford avenue,
Brooklyn. 70 Joseph Agate. FOR s4lq each.
Also ten similar lots III rear, on Mon street, 10
Also eight lots -four on Eastern Parkway street
and lour OIL Union street. north sidel, 200 leet
west from Bedford avenue, to b. +. Warner, Tor
$40C eacn.
The same auctioneer sold eleven other lots, with
three gore iots next adjoining westerly, ior $Ss5
each. Also seventeen lots, 20x96 each, located on
the northerly side OF the Eastern Parkway, 200 eet
west from BEDFORD avenue, Tor $500 eacn. Also
twenty los. south side OF Degraw street, in rear,
lor 5000 each. Also two gore lots. one A5x96x
6S7xl03.S, on Eastern Parkway, next adjoining
weste ly and gore lot, ~. ox3. 7x96 on
Degraw street, IN rear, Tor $500 each.
Also sixteen lots, located at the southeast cor
ner o! Eastern Parkway and BEDFORD avenue, eX-
tending through to Onion street, lor $400 each.
Also plot, ILL, on south side OF Eastern Park.
way l5l.7 feet east Of Bedford avenue and 1856
feet to Union street. by 6Lsxls9.4, Tor $l,400.
These lots were sold subject to unpaid assess
ments amounting to $400 on each lot on the Boule-
ward and $50 on each lot GU the other streets.
THE FOLLOWING Is THE SUMMARY
OF the days transactions. Sales made yesterday
at pubic auction were as foliows:-
NEW YORK PROPERTY JANIS n. MILLER
s. bk. factory and 10 lots on the n. c. corner
West and BaIk sta. plot i5@lx2D62xllI Sx2lL5;
q L s-nuLA nsncn uinnr u