New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-07


There Is SLOW of transactions and the pros
pet OF higher prices for property certain localities Is
encouraging. Unimproycl rcalty IS low, except whore
in the way OF near improvement but many vacant lOts
are cheap at ruling figures Business ana gllt-edged
Investment property, Of course Is the strongest ana
whenever offered is quickly taken up practically at
owners terms Discussing the situat'n, v X. Steven
SON. ,r said on Saturday My opinion is that property
north of Fity-ninh-st for rstclass residence pur-
poses between Fourth and Filth ayes, as far up as
Enetiehst., Is too high and out OF al pfoportion N
prices rs compared with wost-sde property This east
side property both vacant lots ana handsome houses Is
general thing heavily mortgagcd, whle tnefe nag
undoubtedly been material slrlhhaee III tne Isc 80, ~
these mortgages in the values In the equities OF TINS
property. Hence expect slight continued decline
here But we look Tor an immense advance III WIS., sluo
realty because cal itasts like Mr Aston. Amos X Emo
T. s. Higgins aud Isdor Cohnfoid have bought property
very largely from time TO tue tor years past GU te
west side Iayng cash for their purchases The records
show that these OF wealth continue to invest thtlr
surplus earnings and income the west side The rise
In progress Is gradual ana strong ana Is
honght for Mr. C9hreld few weeks ago the Morgan
sale, about three acres OF grOnd racing Iena
be1 H Ge % fesd an ' oaf Of 5000 for eight
lots between One-hundred and One hundred
and fourth sts., or an advance oi 9l"ooV Hoh 'ho
Teknow Pne-st broker said There can De M, no
triangle Is the most valuable 1t Is bounded oy Centra,
Park aud the Boulevard beginning at the Intersection OF
Eghth-ave and sixtleth-s, aud running to where the
Boulevard TeDth-aVe. at seventy -secOud-st
The elevated roads which passes through its centre,
brings IL nearer TO Wall street than any locality Fifth
ave above Fifty-nintbst, while the Elghth-aye has
not only all the influences which give value 20 the east
side OF the lark, but has the advantage OF having tho
morning sun shaded afternoon views IL Is not so
far froml shopping and amusement centres Dut Walking
street and carriages will always como IN play
Yes there is plenty OF rock IN tins 5ectlOn Dht Ger
tainly rock foundation Is preferable tG sWainpy one
such ~ many valuable houses now stand ON. The cest
Of removing the rock easily be ascertane ana II
costs $1,000 10 clear lot worth SlOo9O inc WORK Is
smplya mortgage without interest IL Is the interest
account which has eaten up the profits OF holders OF va
cant lots in tAo past twelve years II pi0PIt{
ON be west side would prepare the ground for improve
mrnt clear away all tho shanties and protect the street
lots AGAINST everything except private houses rst class
Lllblicrs would flock to this section ana values
would, believe. advance soon 10 S2OUOO T20'OOO ana
even $50, coo per lot, according TO location
Among the attractions Offering In the way or resi-
cluster OF pretty cottages built In the Queen
,tue stvle near the jerome Park statnn on the Harlem
railroad These cottages designed % DE suburban
park similar character Bedford Park, near London
and at name has been conferred about twenty-five
acres I'm the Twenty fourth Ward. Already dozen or
the villas have finished aud others undcr
The Park VIII he up into building lots. ana Wheh
completed viii have some half dozen avenues through H.