The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-06-08

is to be regretted that this table cannot be brought
down time, II would give at glance owl
dence prosperity ofbe times but Albany lcgsla
tors necessarily nkering at municipal
CITY Inspector keep a OF the buildings The
officers the Croton Aqueduct Department aid fanish
water 10 new houses ana il would be we'll for the board
make the duty Of Of their clerks 70 furnish TO the
public II 1 e 80 houses put up every year.
Tho above statistics show in a marked manner the in
uence the state Of the money market has upon the build
ing operations In this city 10 1885, when the real estate
speculation fever ragged s26 houses erected, which
fell OF to houses for the following year. while the panic
ragged 1889 only GA houses built bat since
sh statements for the last eight years. would doubtless
show houses have gone up year; houses
that involved much larger expenditure than those
erected fifteen and twenty twenty years since AT time
good substantial brick house. costing ten thousand dollars
considered good enough to transact business in ~he
rent OF s. 600 for q store considered very high
price, and prudent people shook their heads at the extra
vagance Of the parties who paid it,
But few years has worked great change In this re-
spect brick house Is considered unit for any but
small retail trackcrs, aud rents OF from i've to twelve
thousand dollars per year not The
ton Of splendid bro stone stores was about
fifteen years since; but moro recently massive iron or
beautiful white marble buildings have been oil the rage
until the city below Chambers street ID wilderness OF
elegant and costly stores
THE FLUCTUATIONS IN TIE PRICE or REAL ESTATE.
Although in the aggregate the price OF property has
been greatly enhanced In this city, stu there are spots
has stood s, aad others, again, where property
has fallen considerably.
The upward movement OF BUSH towards the centre
OF island has already deprecated the value OF proper
ty in the First ward, and Is not only possible,
but that real estate the lower point OF
Island will yet be quoted very low compared with
the prccs obtained for property 10 the centre OF business
traffic II has been noted that sales OF property 10 Broad
way, below Wall street. have brought lover prices than
obtained for ave years since All that portion Of
down town lying between Maiden lane and the Battery
on the east side, has been affected injurousy by the
Of business towards the west side and farther
up town. Capitalists willing to invest In property
Of and below William street. ms impossible 10
suggest any Improvement will enhance the price OF
real cstate that quarter There are consequently bat
few improve mcn,s be noted In that part Of the city,
and we may look at no distant day, nnd lots sell
ing much lower than they do at present. The most
serious loss TO the southeast side WAS the dry goods
trade, which Ia OF the most important In
this city Formerly Pearl street. Beaver and few other
streets monopozed the rac In dry goods and the price
Of property was greatly enhanced thereby. But few
years among the large dry goods deal
crs commenced for locating the west side Of the town.
and exodus from Pearl street has reduced the value
OF property from third 70 half Stores for which
So 600 per year paid seven years ago now rent fR
Properly below Cortandt street, and running from
Greenwich and the river has also deprecated In
value very much, due TO the removal up town Of the
wealthy people who formerly resided IN Green wh street
and Iva enyirons This fashionable quarter Ia
Rue ST. Antoine, the streets oiled with gar
bage and the least reputable class Of population dwe
But a. we pass upon the North river side we end
that 0 wonderful change has taken place within few
residences. and about the year Is,5 lot Of 2sxioo
feet could DO bought In Warren, Murray, or
Chambers street., for from seven TO nine thousand
dollars Twenty Eve and thirty thousand dollars Is
unusua prize 10 pay aud the lucky owners OF real es
tate IN the Third ward rank ng wealthy citizens
so far the dry goods traffic has only reached Reade
street. but inevitable that the fifth ward above
that point will be quail valuable. Owners Of real state
Walker White and Leonard streets already ask from
sl5 10 $40 900 per LOT they know hat the upward
movement commercs will Oil their streets with
costly piles The OF ira 10 has had moral In
nuence Also has almost entirely depopulsed Church
street. once for its houses OF prostitution aud ren
dered similar establishments 10 Leonard street 30 unprs
6abe that the propreors have been compelled 10 move
elsewhere.
Property h the Eighth and Ninth wards, above Canal
and OF Broadway has advanced at the rate OF
about per cent q year, AMI " doubtful matter
whether any great impetus viii be given TO he price OF
this property for years 10 come, Unless indeed
street should be wdcned ard down 10 the Battery,
and Broome street widened and exten led the Norh
river Il propo ed 20 do Were Greene street wdened
II would make a splendid avenue, and may be that the
requirements OF will compel the oit authorities
10 make this important Improvement
Bot no let return 70 the east side again. The Fourth
ward the Second ward the have long been
considered containing The most stationary property in
the city For TWEEN years the price OF property has
varied uch and u not for the improveme OF the
past year and those contemplated this year. Ia fair 10
presume that would have remained twenty years longer
LIN the sluggish condition. Tho extension Of the
Bowery Pearl street, and the opening Of Chambers
street 10 the river will have the effect OF enhancing pro
perry in the Fourth ward twenty per cent and perhaps
more, within two years.
Property In the sevessb Eleventh and Thirteenth wards
has advanced but very little In price within the last ten
years. there any prospect OF any FOR years
TO como The city poor must dwell some where, and
With The increase Of poFsntou and luxury they will sIss