New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-09
MOVEMENTS IN REAL ESTATE.

The present condition of our various Teales.ae in
teress-aways tie surest test OF the gro 9Th de-
crease in trade and wealth. of great city-afor3s
instructive siuoy from the very marked and significant
changes which are taxing place. The laying out and
RAPID improvement of the Central Park have tremen-
dousiy jnrre, sd that north@ard impulse which the
growth Of New-York received during the Crystal
Palace excitement. Fom the following general state
men. OF the salient features of real-es!aLe move
ments i. will be seen how this impulse and other 40
.oeous forces have affected the value of properly in
different sections of the city.
With regaId the activity Of the rea-estate business
it may frs be said that there seems no dminuon ia
the speculative feeling manifested Though the effect
of the revulsion of 1857 still felt yet the revul
sion was most upon the West turned the eyes
of operators to the saer field opened midst. The
capialiss and merchants ALSO continue to rival each
other in puttDg up stately snd expensive buildings on
Broadway and o,her thOroughfares; and Contractors
bui ders brokers, auctioneers, and other reAestate
men, have for year past, had plenty Of business on
their hands.
Property in out-ofthe-way downtown localities.
except in the First Ward has undergone little change
To that " ard however, sales excessively dull and
there marked falling of in the valns OF even the
most desirable localities. Even in Wall street the
agnaton is felt property there viii not command its
last years price, the feeling s that iis climax OF valid
a'ion is already passed, and that "Wau street VIII
have to come further town" On Broadway, be ow
Wall street. the decrease CT value is also apparent. No.
80 Broadway, occupied by the United States Express
Company, rented for sd 800 uuti within year, but
now rents for s. 900 only The building is five stories
high, and runs through to New street.
Property on the west eide Of Broadway, between
CouIandt and Chamber streets, exhibits large de-
crease in value-he magnificent stores, erected there
within the st decade renting for 30 per cent less THAI
they brought three yea ago. Ga the streets leading to
the Park from the East River, the change if any, is
for the better. East Broadway exhibits no recovery
from the duness Of past yeWs; premises valued ut
$40 co., when built and pied by wealthy Quikers,
20 years ago. CAN no be bought Tor quarter OF tha.
sum.
While Broadway iteelf, from the Park to Canal
street. shows change since last Spring, property has
Creay improved in the transverse streets, especially
those which have been wl1ened. West Broadway
New Bowery, and Canal sueet, have hardly advanced
in accordance with owners expectations. The neigh
borhood of the Five Points, however, is looking up,
purtuant 10 tearing down and ceanngoa processes
there going As an instance OF the worto Of Broad
way lots near Canal street, may stats that the
triple lot on the north-east OF Broadway and
White street, extending 300 feet on the latter street,
war recently purchased for $4,000 by Mesers Nut
thew Morgan aud Samuel ID. Bibcock Wall-s:fees
brokerp.
The Appleton Brothers recently leased their builcDg,
Nos. $40 and 3iS Broadway, TO a prominent hat and
esp firm, for Term OF years, at $4,000 per anuam
This is 10 per cent on than double the cost
Of the original purchase the extension, and other
improvements made by them during their ten years
occupancy OF the prem,es 1t is stated thai having
snce had occasion to regret the proposed change IN
their locality tho Appetons by the offer Of bonus OF
000 could not tempt the essees TO cancel the lease
Between Canal street and Union square, broadway
property continues 10 increase in value Messrs Ba,
Black Co. pay very heavy ground-reni Tor the lois
on which their beautiful marble store IA going up cor
ner Of Prince street and Broadway. Their lease ID Tor
twenty. one years, and ia equivalent 10 s',ooo per
abnum-S5 eco being paid for the ren OF AN inside lot
alone.
No long time espse before the private reside noes
Of Fourteenth street AT d Uoion square must give place
TO elegant stores and public buildings. The m'vemen'
ii commencI already Tire latest fact ahsennS IL Is
that MesHs. j. NJ. Trimble & Co.. ihs weil'hnown
buiders negotiating for the lease Of some property