The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-04-25

polls, but extend all over the island. High
prices, too, are paid for houses and lots in
localities where one would suppose that the
value of property did not materially increase
from one year to another. In Chrystie street,
for instance, we notice sale of house and
lot % by 100, for $34, 900; while the north
east corner of Delaney and Ludlow streets,
19 by IS, is valued at $50, 900. Purchasers
and sellers of property in this city, by care
fully reading these lists of transfers as they
daily appear in this journal, will at once ascer-
tain the true value of property all over the
city. In this connection IL may be stated that
no doubt with an eye to future improve
ments for business purposes-houses in Grand
Wooster, Greene, and Sullivan streets seem
to be in demand, while present owners, well
aware of the constant march of trade towards
that section of the city, are not at all dis
posed to part with their old "rookeries' at
a bargain. Thus, a house and lot in
Wooster street, between Houston and Prince
streets is disposed of at $40, 500, and one in
Grand street at $4,000 OF course, the
vicinity of University place, Union square,
and the Fifth avenue commands the very
highest prices of real estate in the market.
Thus, we noticed the transfer of house and
lot in Fourteenth street, near University
place, 45 by l06 feet, for $780, 900 and, at the
same time, one in Seventeenth street. near
Fifth avenue, for $4,000. For the next
ten years at least, if not for a longer
period, Union square is to be the heart Of
the city. There and in its adjacent streets
the retail shops, the places of amusement the
great restaurants, the club-houses, and the
prominent hotels will centre, and at least one
third of the peoples money will be expended
in that vicinity, either for ladies' bonnets and
dresses, or for gentlemen's dinners and wines,
and music for both In previous articles we
have shown that among the go-ahead caterers
perfect frore to be located somewhere near the
| square; but our list of transfers at the same
time demonstrates the fact that, with all this
| moving up town of all sorts of business, good
| prices, nevertheless, continue to be paid for
| downtown property; $40, 500 is the price of a
| house and lot in State street, near Whitehall,
| and S34 500 was paid the other day for a hou se
| and lot in Duane street. Fashionable resi-
| dences up town, of course, easily command
high prices, and $4,000 for the southwest
| corner of Madison avenue and Fortieth street
| is considered by real estate brokers "mode-
rate sum-" This being the case the sum OF
! $75, 600, which was paid the other day for the
\ northwest corner of Nineteenth street and
Fifth avenue, must be considered quite "mode.
! rate" We take these prices at random from
the list of transfers, as printed daily in this
! journal; and as they are official, we cannot &C
behind the figures, evenif there is an apparent
! discrepancy, as in the above instance.
! There does not appear to be much of an
| increase in the value of Harlem and Yorkville
| property just now, and there probably will
not be until our Albany or city Solons agree
| upon some sort of a steam railroad which viii
| convey residents there, in a reasonable time, tC
their business in the lower part of the city.