New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-08-11
rAIrE or GPO0ND m LONDON AND
hAV-yORE.


Thu Bn.ldcr. n Lordor periodical, recently pub
hshed the following WITH = ference TO the value OF
ground in the octt'ol business portions Of London
We copy it for the purpose Of pueer'ing a com
parison NJ 10 the rclat vc valuo of ground Of New
York aid LotCon, end stat, ments respecting the
land in the business portion of the city. The 6guie,
prostn;,d will asonish tboc who have never equired
into the subject:
Some land in Finch lane, opposite the Australa-ian
Bark ntly let Oh bull ling lease by the Morch-
ent Ialors' Company, produced about tlj foot as
gound r'n'-the depth being aban, 70 ieos The
Buildings the sonth ride Of Cornbil, recently
rnted by the Mesers. Savory end tte County Hire
Office, subject to giound'ient of i 200 per an-
Tnc ron.ge is about - feet, aud the depth 30
feet and cal ulatg former lat tbs rate OF
80 ycsrs purcf ascl, the cost per acre amounts -
$40, coo. Again, II" block Of buildings called the
Roy at EHctnnSo B"i.drSs occupying a" area Of rom
1000 10 900 feet produced gross rental OF tlOOOO
year. Tray cling aostHard TO New-Cat non strce, a
piece Cfland opposite tie Triangular po. aooioiDg st.
paus containing about 500 superficial feet, has been
LEI at ground rent of II $50 year. which, at 30
Yeas purchase, produces about t4"O coo an acre.
TO cap them al, however NUT 60 back to the plot
Of ground at The northeast corner of Thread needle
street and Finch lane, belonging to Mr.. Alderman
Moon TIE prese' Lore Mayor, which, report says has
been recently let at q podnd rent Of Il 900 per
rum. Tie superficial area of this place s about 600
feet, ard calculating the gtouud rent at tliry years
purchase find ts value at the rate of ESQ 900
the triangular pot of land between New Cannon street
and ST. Pauls The OF tn" plot is 627O feet, and
We understand positive offer has been made 10 take
il at groupo rent Of 81 900 year. which NO ali pro-
duce, at thirty yeais' purchase, tho sum named
$50 600. being Of the fatc OF 42O 900 an acre. we
ne ed scarcely give any addition Il examples to prove
The enormous value to which land IN the City OF LON
don has arrived.
The above figures ore indeed large, but we shall
whether they may not be eqused and perhaps exceeded
by New-YC ik valuations.
T.
60 feet deep ard average "a feet ~ nches wide,
cOutsIipg 100 superficial feet, cold TO the INK
of the Stete Of Ntw.Yo,k for 900, aud 100000
have sir been offered for it. AT the latter vau ,tion,
per acre il amounts to sl,j75 POL abOl 1895, 057
The LOT on the lower corner Of Broadway and Wall
street, 80 feet by 30 containing 1900 sqvafe feet, il
held and may be sold for 100000 This is at the rate
of SO 60 900 an acre or about 1850 900. The lot
corner Of Nassau and Nall Ftreats on which The Err
Press newspaper buildings stand is % feet by 90,
and Ia held at sl25, 600, or -, 420 OOo-eqnal TO
100000 per acre. The lot Nassau street Adjoining
the lot on which Messrs. Duncan, Sherman IL Co.
have commenced their new clearinghouse, is consid
cred abundanty woth 1920 900, but it is held at
cloOOOO: AZ the former figure, 1t being but 80 feet
by 20, and containing 1000 square feet, held at
the rate Of 81 100000 an acre. For the lot corner OF
Cedar and Nassau streets, now covered by the Law
Buldin 49, % feet by 60, 500 O00 understand were
offered recently, ich at the rate of 81 100000 per
acre. TIE lot and building adjoining the Custom
House lately occupied by the Bank Of the state, and
Bank Of Commerce. was sold TO the United states
Government for $3.50 900. Estimating the value Of
the building at $4,000 have $500 600 for the value
of the lC the of which s 900 square feet. The
rete per is So 1870 0O0 $500 000 At the reccnt
char e il the organization of the Mechanics Bank,
the building and lot occupied by the institution We're
appraised at s239, 900. The hui ding is 10 BE- torn
down. so if rot counted in the eppraisenent. The
lot is irregular piece Of ground Of area of about
600 square feet and it's valuation per acre was more
tLan 50 600 OC0 Lot No. Wall street % by 30, WAS
sold year ego for $50, 000 which is a. the rate of
nearly - coo 900 per acre. Measn. Duncan Sherman
q c. paid for their lot the of Nassau and
Pine streets which s so feet by So Sli7 000 which Is
at the rate of more than 81 500 900 per acre.
With respect 10 leases We have but two instancosto
report. The lot the north east corner of Fulton
street and Broadway, which conta ne only COO square
feet is subject to yearly rental of $4,000 Esumat
ipg On the came principle in Londona at thirty years
purchased we have for the value OF this lot tlc
nous sum of 00O which at the rate of more than
Sl2 900 900 per acre, abou. t2, 500 900 sterling
We cannot give the exact figures to the amount Of
the early rental c the lot the south west Of
Broadway Chambers street, covered by hiding
owned now by the Shoe and Leather Dealers Bank,
but are of this much that If il considerably larger
per acre than the rate at which the Lord Mayors lot,
ntiOned in the above extrsc was let 1t is proper
to ado that estimating the value a. the L,ndos rate
it ca1I Of be cOnectly applied to this city; about
fifteen yeafs purchase would be more in accordance
with circumstances. This would make the value of
the piece aforementioned higher than Aldcrnan Moons
lo.. Bankers Magazine