The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-03-07

duces about EASE, 900 an acre. To cap then
all, however, we must 70 back to the plot a
ground at the northeast corner OF Threads
needle street and Finch Lane, belonging TO
Mr.. Alderman Moon, the present Lord NAY
or, which, report says, has bSsn reosnely ~
| Ct ground rent Il 81 900 per Nnnum.-
The superficial area Of this place u 900
feet, and calculating the ground rent = thir-
| " years purchase, We find it, value IL Ut the
rate Of lS49 900 per acre. Much has been
/ written abou, the value OF the triangular
! plot OF land between New-cannon street and
st. Paul's. The area Of the plot 10 CATO
] feet, and we understand positive ofer has
been made to take it at . ground rent OF E2,-
600 year, which would produce, ct thirty
wears purchase, the sum named, EGO, OOO,)
being at the rate Of E42O 900 An more. We
need scarcely give any additional examples
| TO prove the enormous value to which land
in the city of London has arrived"
| The above figures are indeed large, but We
shall see whether they may not be equalled,
and perhaps exceeded by New York vaua-
tons.
The lot on the lower corner Of Broadway
and Wall street, 80 feet by 40, containing
| 200 square feet, is held and may be sold Al
$l00, 900. This Is at the rate OF $3,63O,OOO
III acre, OF uDOut AfoO,Uvu. lho wv WAN
of Nassau and Wall streets, on which the
Express (newspaper) buildings stand, Is 70
| feet by 90, and is held at $l25 900, or 81
420, o0O-equal to $500, 900 per acre. The
lot on Nassau street adjoining the lot which
Messrs. Duncan, Sherman l. Co. have COM
menced their new banking house on, is con-
sidcred abundantly worth 100000, but it IL
held at $l50,0O0. At the former figure, it
| being but so feet by 30. and containing A.
600 square feet, it is held at the rate OF -
306, 800 an acre. The lot and building adj
| joining the Custom House, lately occupied by
the Bank Of the State, and Bank OF Com
merce, was sold to the United States govern
ment for $53o,000 Estimating the value
of the building at $30, 900, We have $5OO,-
900 for the value of the lot, the area OF
which is 5000 square feet. The rate per
aero is $2,420, 900, or f50O;00O. AT the re-
cent change in the organization OF the Me-
chanic's Bank, the building and lot occupied
| by the institution were appraised at $780,
900. The building is to be torn down, SO it
was not counted in the appraisement. The
lot is an irregular piece OF ground OF an area
of about S 900 square feet, and its valuation
| per acre was more than 2,OOO,U 900.
With respect to leases, we have but two
/ instances to report. The lot on the north
east corner of Fulton street and Broadway,
which contains only l,600 square feet, is sub
| ject to yearly rental of $4,000. Estimn-
| ting on the same principle AS in London, (at
| thirty years purchase,) We have for the val
ne Of this lot the enormous sum OF $4So,-
600, which is at the rate OF more than $l2,-
O00, 900 per acre, or about E2,500,0O0 sier-
ling! VIC cannot give the exact figure rs to
the amount of the yearly rental OF the lot on
the southwest corner of Broadway and
Chambers street, covered by building own
ed now by the Shoe and Leather Dealers
Bank, but are sure Of this much, that it is
considerably larger per acre than the rate at
which the Lord Mayor lot, mentioned in tho
above extract. was let. 1t is proper to add
that estimating the value at the London rate,
it cannot lie applied to this city; about If
teen years purchase would be more in record
ance with circumstances. This would make
the piect first mentioned higher than Alder
man Moons lot.