Year: 1870

street ana the Battery be carried out its use as
sary sequence and houses for which very large
prices have paid private residences may fail
TO realize past figures business stes In the early
stages OF this cnange. Thls however, could not
with any propriety be regarded ~ showing q decline
In real estate. These transitions ans inevitably entail
merco and business OF New York involve no loss TO
strong holders.


course OF the fashionable movement up town and
selected Fiftyseventh street Its turning point from
then pointed out block or new buildings on the
north side OF Fifty seventh street. Ninth avenue
built in the grandes style OF our fashionable modern
architecture and finished la the most elaborate pala
tal manner, as evidencing the faith which property
owners upon this line held Ia our predictions From
recent examination OF this locality-which Is just
below


THE GRAND CIRCLE,


ana may be considered as the nucleus OF the new
fashionable quarter, three or four at least Of the
houses We had reference TO not exceeded in mag
nicent ensemble by any IN the city, and give the block
an arstocratic appearance already not surpassed by
any on Fifth avenue-we ind our expectations re-
allied much earlier than We anticipated. Since our
remarks last fall were written four houses have
been finished on the south side OF Fifty eighth
street, and the foundations are now being prepared
for ten adjoining and for five on the opposite
side. On Fifty-seventh street, which, being wide
sunk for five more adjoining those noticed preyi-
ouSly, and for nve more on the same street.
same side, west OF Ninth avenue. 1t may be noted
In connection with our previous prophecies re-
specting this street that 1t Is wholly without i'm
provements deserving OF that name and a. lots here
are held at such high ngures first class buildings
are insured, as none others can be made 70 pay.


THE BOULEVARD LOTS,


Iss ssal ~ncn al mere was 80 much excitement
tue completion OF the sewers upon the several cross
streets north OF the point last mentioned. TINS Is the
most important improvement In respect to these
lots In their present condition. 1t obviates the
only obstacle existing TO immediate building i'm !.
mt. A. present as 8! the
yet been done, Ii very unattractve, but with short
season Of dry weather wl offer far more evidences
OF any but weak holders-and with the present pie
thora OF money here Onerlng eagerly ON real estate
not even tneyconsentng to sell these lots after the
progress made in the Grand Drive Itself and ada
cent streets. at anything like concession.


GENERAL CITY PROPERTY


lore, In certain localities where the changes OF
business have produced such an undecided inquiry
as TO create feeling OF uneasiness among owners,
TO trust the future. On


THE EAST SIDE


the success which has attended the blasting OF the
rocks at Hell Gate has made owners sanguinc OF
future high reazatlons, and but little property Is
onering; IN fact, taking the whole market,
thus far, although the inquiry ID considerable and
gives every indlcationo OF an active market 1t must
Do noted, however, as a prominent feature OF the
market Tor city property that there is


STRONG BEAR INFLUENCE


~ WORK 10 induce . belief in the decline OF real
sdera ole funds belonging to savings institutions
and feeling the certainty Of the increase OF property
on this island, are anxious to purchase heavily and
are exerting considerable influence TO create the
Idea that property has gone down. They are not
,ndlsposed to invest at present figures, but would
ike TO buy cheaper II they could. In regard TO
suburban property there Is not much to note yet.


BROOKLYN REAL ESTATE


lS urn, but as yet inactive. lot on the southeast
corner OF Fulton and Vanderbilt avenues which as
purchased In 1859 for $4,000 sold this week for
So, put depreciation as great as this advance
can also be shown In various localities. The com.
mencement OF operations on the Brooklyn Bridge
has greatly increased the confidence OF capitalists
past ten days than for The previous three months.
A number OF Prospect Park lots are to be sold on
Wednesday, February %. These will be followed
~ sales almost every day during the months VI
March and April.


wEsTCHEsTER COUNTY PROPERLY
ID inactive at the present time, but a. there are
many projects now before the Legislature likely "a
aect this locality we reserve II for another article


STATEN ISLAND


imperfect communication existing between 1t and
this city bat We learn from late that this
to be remedled. Thus in relation to the passage OF
the bay it ls proposed that powerful boats should
leave the Battery and proceed TO Q point on the
island intermediate between New Brighton and
car track, one branch OF which will proceed along
the north shore and the other In the opposite direc
north shore is Panus aooS from Witch Doint Un ana s
from Port Richmond 1t Is designed to bridge the
bay to the Jersey shore. one bridge extending from
sne latter place to Bergen Point and another from
the former to Elizabeth. THESE viii render the
island less isolated and more attractive; for ON tn,
Jersey SIDE passengers VIII proceed TO New York BY
Nothing depopuates a locality more than slug
gish travel. and nothing insures populousness more
tnAn an easy and rapid means OF transit; and II Is Il
the lack or public spirit OF vigOr and OF enterprise
Ia the property owners Of the island that every lo


We learn likewise that the present ferry company
have been making great improvements In Their
nsW 70 s wis
Staten Island Railroad and boat each half hour K
the nrst landing. This win AFFORD an accommoda
ton long needed, ana one which, II furnished be
fore, would have much increased the divldend-pay
Ing capacity OF the company.


.fhs late operations OF the Quarantine ring are
oxolung good deal OF attention down there. The
claim SET up BY Wener TO nifty feet Of Arieta stree
signed under misapprehension Of the facts we are
forced to believe TO induce reconsideration Of the
question at issue. The trustees Of Castleton deserv.
credit for the STAND they have taken In this matte
them by long USE The stories told OF the orlgina
sale % TINS S tine oc
other property owners to strengthen the hands O
the local authorities rather than oppose them IN
learn tnat Swinburne has put in q personal appear
ance In this ngat, and superseded his agea
(Wener2. In


NEW JERSEY PROPERTY


we hear there 10 not rs much doing as last year
great number OF people are prospecting and talk
ing OF buying and great deal would be sold II the
UWuCAn Va pAopCIty WUulu uaAc COuCcS6lOub. lucTs
IL q good demand for houses and owners prefer u
mold on TO their property. AS the summer adv ances
there will be great deal of business, ana Of


LONG ISLAND PROPERTY,


that several large tracts will be placed The
market This Is particularly true OF outskirts OF
Jamaica village. Quite number Of farms in the
vicinity have changed hands recently at an advance
on last year Of dfty per cent Most OF these tracts
VIII be improved and placed on the market during
the coming summer.


REAL ESTATE TRANSFERS..