The New York herald., 1869-04-20
Real Estate Notes.

Mr.. A. 4. Stewards property on Broadway alone
is worth about s5,ooo,ooo. Mr.. w. Z Astor's real
estate on Broadway Is worth about $4,000 900.
The Lorard estate has ss,Ooo,Ooo invested In that
thoroughfare.
The highest store rent paid In Broadway is that
OF f. s. Jarays dry goods store, corner Of Leonard
street, which brings s60,O0o The highest hotel rent
Is that of the Ffh avenue, which rates at 100000
per num- but the most profitable OF all Its edifces
Is Trinity Building. This Is occupied by Offices. IL
cost about $4,000, and rents fcr nearly one-haf
that sum. Single offices bring from $1,000 TO $4,000
and the coal trade is almost entirely done there.
Our extreme Western suburb Chicago Is putting
on airs. Hear 1t speak through the Tost or that
vlsge:-
or course there is anguor In the real estate mar
ket Of New York. For town of that size specula-
ton hns been oyerdone Her prices have been exor.
bant--enornous. A thousand dollars q foot for
cltv lots seven miles from the Battery and half n
mile from Central Park, the lots being covered with
ledges, twenty solid feet IN thickness, OF shining
mica states, which must be removed before building
can Deginwhy should either buyer or seller expect
anything else than reaction against frenzy like
thiss The truth ~, New York is TO rapid growth
and perspective Improvement Played out. Com
pared with other American towns, with one notable
compared with the Queen OF the Continent
by which we, of course mean ChIcago-her
progress VIII be that OF snail when compared with
the speed made by a greyhound. The good sense,
tie business sagacity the prophetic disccrnment OF
the people OF THIS country, point To chicago as the
place IN which Investments will pay three hundred
fold every ten years. For the SPECTATORS OF New
York TO enter the field as competitors OF Chicago was
simply insanity and we are not sorry that they have
their reward. Had they sent their money out here
Instead OF the declining values and runous losses
they would have had profits and prospects TO make
their hearts glad. Meanwhile, Chicago will press
onward. Her destiny Is dxed The first city on III
Continent will never know what II Is TO be backward
Win prospective increase o her population TO the
extent OF 10000 In this year OF grace what has she TO
fear from the disasters which have ovcrtaken the
foolish gamblers OF the East who have lost their
money on the ogyish idea that New York Is still the
Empire CITY OF the land
Calvin A. richards, the well known real estat
owner, who built the Everett House and the Albe
marie House, is now adding another and larger
to the list Of Boston hotels ON the site OF the
old Cummings House, Just above Williams Market,
on Washington street, he 's erecting building OF
BRICK, TO be six stories high. with French roof 70
connect by galleries with tne large modern edince IN
the rear OF the premises. The whole, when comple.
ted VIII contain 100 rooms The large brick stable
adjoining belongs TO Mr.. Richards. giving opportu.
nifty for still further extension. Besides the hotel
office and the ladies' entrance, tie hotel VIII have
two large stores on the front, the oloe being IN the
centre. IL ~ to he called the warwick House,
Thefolowing sales Of real estate were made within