DEPARTMENT OF PARKS. 63 



On April 23, 1870, an act was passed at Albany, giving the 

 Brooklyn Park Commissioners authority to sell the larger pari 

 of the east side lands for the <-il\ of Brooklyn, the proceeds to 

 be placed in the sinking fund. This acl was amended on 

 March 31st, 1871, and June 18th, 1873. 



Under these acts, maps and plans were made, showing the 

 reserve on Flatbush avenue, from the reservoir to the town 

 line of Flatbush, a strip of 250 feet deep along said avenue. 



After much delay — on November 17, 1881 — a sale was held, 

 and about one quarter of the lots laid out were sold. They 

 comprised nearly all the choice ones, as, tor instance, the 

 Plaza, Plaza street and Eastern Parkway. The prices realized 

 were not near what was anticipated, and the sale was stopped. 

 In many former discussions and estimates it was said that this 

 whole tract would bring 13,000,000, or, at the lowest estimate, 

 $2,500 per lot 25 feet front. This amount was not realized, 

 though about all the finest lots were sold. 



Total number of lots ] ,014 



Number sold 279 



Remaining unsold 735 



The 279 lots sold for $538,300 or $1,930 each. Highest price 

 for single lot $9,650 ; lowest for full lot $(325. 



The account of sales and disbursements shows as follows : 



Sales (total) $538,3 00 00 



Cash received $151, DOl) 00 



Bonds and mortgages 223,837 50 



Ninety per cent, of $180,625 (yet 



unpaid) 162,562 50 



$538,300 00 



Cash received for land $151,900 00 



Interest 5(53 18 



$152,463 18 



Cash paid, for advertising, printing, Ac 2,685 49 



unpaid taxes 13,804 18 



loan and interest . ... 51,420 06 



