New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-11-15
THE EAS1 SIDE PARK LANDS.

VALUABLE LOTS TO BE SOLD IN BROOKLYN.
A TRACT COMPRISING 121 ACRE5 To BE OFFERED
AT AUCTION on THUBsDAY--A DESIRABLE PLACE
FOR NEUTRALITY-SUSPICIOUS. OF TIE REGION.
The forthcoming sale OF the East Side Park lands
in Brooklyn is exciting much attention among real
estate men aud property owners in that city. The
tract Of land to be disposed Of comprises 12l acres,
containing over 600 city lots and is situated in a
desirable part of the city. 1t extends on either side
of the crest of the ridge Of high ground which
forms the backbone of Long Island, and which
pleasantly diver,lfies the landscape in Prospect
Park and Greenwood Cemetery. When the first pur-
chases Of land were made for Prospect Park, IN
1866 the intention was to have It extend further 10
the east and north than It now does For this plu-
pose the land was purchased to the Inc OF
! WashingtOn-ave. on the east, and as far
north between Washington and Wander
blt-aves. as WaUtn-st., now Prospect-plage
II was afterward deemed better 20 extend tue
Pork 10 the westward to take in the house OF
Edwin {. Litchfold and the Quaker Cemetery, both
now included in the grounds OF Tho Park. The
g0unGarJ on tue cast vas hAed az flatopsl-ale
inns l,tt the track OF I3Z acres bounded 10y Ir0S-
pect-plsce Vanderbilt Washington, and Flatbqsh-
ayes, and the city line ON the Flatbnsh-ave slde
| unused.
The Mounf Prospect Reservoir takes mp II acres
near the centre, at the top of thu ridge. In
! 1870 an act was passed by the Leglsia-
tire authorizing the sale OF the remainder Several
! legal ficulties were encountered and 1t was not
[ until 1873 that the arrangements Tor selling the
| LOO lots M auction were made The sale was set
down for December IN that year In september
came the panic and before tie sale came Oh tho
real estate market was completely unsettled. Inc
Board of Aldermen met in BROOKLYN and passed TeS-
! olutions Imporng the Park Commissioners
not TO sacrifice the property, and Offering
! 90 advance any money they might need LOT
Park expenses The sale was indefinitely postponed
and until now a finn condition OF the real estate
market has been waited for.
The sale - set down for next Thursday November
l. at noon II will take pace at the auction
a
the CITY Hall. The property VIII DE sold with no
restrictions, except a to the class OF structures mat
may be put up On Fiatbu,h ave, fronting on the
Park about 30 lots will be reserved 10y the city Tor
a site or public buildings.
prominent real estate dealer sad saturday 70 a
| TRIBUNE reporter that he thought that tins sale
would start boom in real estate ia Bfooky H..
No m re desirable property could be found IN
Brooklyn, or Tor that matter IN any city, Tor no
ether city desirable for residences rs Brook
| lvn. The property was close 10 Prospect Park,
within fifteen minutes OF COMFY Island
| ana twenty-five minutes Vi ui"n rcnHi
! When the bridge was completed and RAPID
! transit IN operation II wOuiu be WitIn twenty
minutes of the New-lOTk City liall-nearcr than
! Central Park. The lOcauouis high, dry and health
! tul In the extreme. 1t oy,TiDONs the Two cue,,
! New-l YORK Bay, staten Island, Coney Island, ia
maca Bay and large part of Queens county:
! From the Orange Mountains 10 Far Rockaway, ana
| nom Sandy Hook Llght to the uiiiS 81 west
! chester, the landscape was spread out from
/ THIS point. As an investment the property would
! soon double Us value. On most of II all improve
mruts were made and there were 40 Assessments 10
! 5r yald. l. wa, severed aud eppied with water
| ANA gas. The probable prices OF the lots would
| range from $1,000 TO 500, aud the SAFE NOuld
attract wide attention. The benefit 10 the s,ll-
! rounding property. especially mat along tue
/ Eastern PARKWAY, wolld be very great.
! the sale viii began win the 900 at the corner
| formed TO-, i,Jtbusu-ayU aud tuc Eastern Parkway,
or ~acArit-,l boulevard In, Is regarded as very
choice part OF tile property. The O,nr streets run
uu, through the property are tudrIhiil-aNe, Park
! place, Butler Douglass, DegTdW, Umpu, President,
carroll. Crown ANA Muut-O ucr} -sts., ANA reservoir,
! Juu,ru.l, ami Buller places.
! The conditions Oh the sale are very CaSy-IO per
cout To- be- paIu down. while 20 per cent can rouiih
uu bono and WurigJ- Ton ten years at D per cent.
! so DuIdmgs VIII Oc p .rultt.d except Ol hrCh,
! stone ~! llon, and at least thirty teet AIEh. No
| mauui actuuug OK any kind wall be auoWe'i, nor
| ANYTHING tuut may Doe nuisance 10 the urlghbor-
| hood There viii be- no TAX lald on tnls property
uuul july, loo-. a large demand has been Al
taag rNgi,-sad ilg IVA p, tud Information about thc
property. Iut -a, Wal ue under the direction Oh
! the LroOalyu Para Commissioners.
! The falh Commissioners passet. IcbpdloA cat
ur.Iy ming providing that tue Last SlGe Janus
Do. sold Ii,s tTum Ia. Prospect Iarh assessment ioi
| benefit and all luiurc IuS,dlnchtN IIcsl1"h'
! ~Ilagauau said yesterday tua, inquiries regarding
| do, property were numerous, ANA several intending
.ufruI-,E, uII -itl luu} Wuuiu bultu on INC prop
! rrr, bic. believed the uciEub1rhOud was a very
| ,Ho.cc One, ami tHat the properly 'ould DE p1i-
| cIt,rd 40 a Ird- uuaDC Tdtc. conoueuhGlS original
! cos. and the advantages oi the oltuIuOu Tue
! .rru, 90 Doe gwen IUr the property VIII De lull
! ,.Iyruaut and guarantee bN tie tuJ ot bIUohiA H.
ryiug the luiiu,j o. ssiyc lc-ai ute The idct dial
! iur each. lot sold thc au,tUntTrN are tut'utu ~
r.ar.u 80, amounting IN al To Tlo"oo, IS causing
! suIuo comment.