The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1872-07-18
The Growth Of New York City.


In the window Of shopksepsr On
Broadway may b ssen On engraving
Of the city Of New York - laid out In
the year 1855. At that time the
Crystal Palace was standing, and Il
shows out in bold relief In comparison
with the scattering houses which
were then standing In that neighbor-
hood. North Of Fifty-ninth street
nothing is to be seen but . general
waste, the land is known - the Crys.
tai Park ut that time not ever having
been appraised, vacant lots In that
locality being then worth about $500
per lot. Within the past year $685.
600 has been offered and refused for
three lots on the corner OF Seventy
ninth street and Fifth avenue, facing
Central Park. A prominent real e.
tate agent lately bid through the daily
papers $50, 600 for any lot on Filth
avenue, fronting Central Park, below
6eventy.third street. Geven years
ago 81, 900 to $l4. 900 would have been
considered . fair price for tho Same
lots. The price for street lots from
sixtieth to Eightieth street, between
Fifth and Madison avenues, will
average about so. 600 each.
The nearest approach to these prices
on the west side for street lots, always
| excepting Central Park lots, was the
sale of two full lots on the north side
OF Seventy-eecond street, $50 feet wcst
Of the boulevard, for $4,000 each,
WEIGH were purchased by heavy
capitalist, whose whole inversment,
nineteen lots. In this block, was $264, ;
900 cash.
In the year 1912, only thirty years
ago, the southwest corner Of Broad way
and Fourteenth street sold for 50, 100
II is now leased n . ground rent Of
$52.O 900 per year. The point Of the
angle formed by Sixth avenue, Thirty
second street and broadway, so by so,
was sold during war times for $45, ,0OO.
1t is now worth ct least $3.50, 600. The
ground on which the st. German
Hotel now stands sold In 1850 for $45,-
600. To-day It oould not b purchaAsd
for less than quarter Of . million Of
dollars. Instances similar 70 the abovs
can be given BY the score, and are
familiar to every dealer 10 rssl estate.
| The proof that eligibly located
dwelling sites will command ~ msch
II not more than business sitss may b
seen In the prices attained By Fifth
avenue lots facing Central Park. Al
| yet the prices on Eighth. avsnus pash
lots and the west generally have no,
reached the 6guFcs Of the sAst side,
but that in short time they will
equal and lead tho east side 10 facl
not doubted by any prominent rss
estate operator. Probably the highes
priced lots on the the Island 10 time
win be those located on tho boulevard
, which is . continuation Of Broadway
, and Is now great favorits With prom
inent capitalists. Arr. william b
Astor's investments In that direction
haye been noticeable. and there y b,
description Of property In. New Ycsl
which y drifting into stronger hand
than the boulevard lots. snca
When Mr.. Vanderbilt viii nav,
completed bis rapid trAnsit railway
! work which he will undoubtsdl]
, carry through within two and on
half years. the west side VIII b
/ brought within ten minutes' ride o
: the City Hall, which sncs acoomplish
+ ed will add lO.0Oo homes to ths
i locality within few yeArs. AT th
4 present rate Of increase In population
e this city will require 9 900 addition,
: houses In 1850. The city now csntaiu
! lOl 900 houses, according II the csnsu
Of 1870. s'9a
] !