, 1876-02-20
MISCELLANEOUS.


Tho South Side Railway Company have accept
ed the proposition of the owners Of property
around Brighton that, if the Company wonld fur
build truck from ths Rolling-11llls to the
Brighton House. The track will be laid this
spriug aud .he cars put on It once. The cost
OF this improvement Will be about $4,000 To tue
rroperty-owners.
The Chicago l. Alton Railroad are TO erect
this year round-house and repair shops, to cos'
about 100000
The Chicago l. DenyIe Railroad will oeg7n
april to run two accommodation trains oa1s
through Brighton from their depot IN the city at
the corner Of Clinton and Caffol sleesa' ~
Washington Heights. .
air. John McCadrey insends. next spring. to
buitd four brick stores on Archer road near
Western avenue. They will cost aoout gu 000.
kessrs, Doyian l. Lanyon are erecting two
story brick building for J. j. Whltehouse On
Western avenue It will cost s6,o0o-
nu1LDlSo PERMITS
Tho following building permlfs bare boen is
sued during the psst week:
c.L. Perkins, 1-story, eo111o. corner Of Randolph
1 Solomon snow, buildings stone front, each 1.
etory, e1xGo. 418 to &2s State street.
Arthur Dillon 1.story. o.x3), Beers street.
James S:usoa, 1-story, 1014n, TT Peoria atrees.
ii. q. THOMSON, .s,ory. 214v. nosne street. near
sarg / Biersaorf Manufacturing Company, 1-story,
1916U, On Ewing, near Canal street..
s. II. L. 1nomas stozy each. 2az4s, two buildings,
lincoln Place, near Soph1a street.
g9r gos m s33 ttpee asenpe
F. dotgenson, 1-story, oi1so. Dana avenue, near
Hclt street
John Schooner, 1-.tory, o41eo, % Grove street,
THE LANDOWNER ALMANAC
J. u. Wing l. Co. have published the Land
O,cner Almanac aud American Real-Estate Deal
fifty paget OF closeIv-printed columns. three to
page and aine to presnnt llet us nearly per
feet as possible uf thP namrs Of the raal-estate
dealers in every State in tie Union and in the
Dominion OF Canada
REAL ESTATE N NEW TonE.
For long time the numerous sales Of real
property at 1hs Exchange under Supreme Court
foreclosure DEGREES attracted very little atten-
ton from the outside public. They we're thinly
at.ended-iu many cases the parl1es IN interest
proher,y VAS bought By the plaintiff with bu!
little or no competition, while the defendant
stood silently by and saw himself sacrificed.
Under these circumstances it Is not surprising
| that at these sales houses and lots have
| lnvar:abIy sold below their aciual value
saw from IS to 50 per cent sbeloN
| their present intrinsic worth, after making all
proper all. .ances for the shrlnkago Of the iast
| three years: In estimating present values oi
| improved real property We base our calculations
Oh net return Of per cent in tue way Of
rental free OF taxes and repairA, while as regards
unimrroved property We ouly t,se int. consider
alton such lots as are susceptible Of adyanta-
| ceous improvement. say between si1tieth and
| Eighty Streets F.fth avenue, and tho East
| River region amply supplied with actaa
| present means of traDRlt more or less rapid
| rapid. or soon to be, on the underground Fourth
| avenue 1oad; less 1nrid by the Madison. Third
! and Second avenue cars. We have purposely lell
| out the large quantsv OF far uptown or out-of.
| town fancy lots which we're 90 freely Knocked
| about br margin scecufators during flush times
| and take oniy in consideration such vacant lot:
| as eau ut the present writing be adrantaseousIy
| covered with bricks and mortar, bT owners tol
permanent Investment and steady revenues. OF
| by speculative builders Tor profitable sale. The
area thus narrowed down enables us to speal
| With degree of exac:ness tia: would othel wiss
| Ia impossible. For after adding the cost OF I'M
| movement to the price Of lot within these lin
its We find By the rentals Of adjoining houses ant
stores the probable yearly return OF the invest
| ment, and thus fix the actual crescent value O.
! the property. To come back to the Exchange
it cau we'll be understood that in manv instances
| p1sintif1e IN the Legal actions have bought Eea
properties which, Yield than from the start u
! interest OF Is or 90 per cent. wb.le uptown lot
III the very choicest regions have been acquired
! at prices 50 per cent be.ou their lut1in
| ETC value, IS esteemed by their probable renta
when improved We know OF one recent case
where the buyer Of a house and lot, no
| being tbs plaintiff, at foreclosure sale paie
SIL GUp and resold tt within Elk weeks for S22.-
| 600, Another transaction shows even greater
| sacrifice and q greater gain. An unlmproved
| lot IN the rec1on aDove spoken OF was bought at
| foreclosure By . builder for SC, 500. and sloce
the sale 510.0u0 apiece have been offered and re-
fused for five similar lots adjoining. Plalntiffs
| who buy at these sales are not apt to talk much
| about their pu chases, for their galal is death