, 1881-03-27

In New York recent sales have been nn.
usually large. The market tends steadily
upward, with very strong undertone. In
the matter Of first-class property, there are
more buyers than sellers. Several proper
ties heretofore for sale have been absolutely
Withdrawn from the market. Choice lots
south Of Seventy-ninth street In the East
Side building district, are like United States
bonds,-above par. Among the more notable
transactions is the sale Of five lots on the
northeast corner of Fifth avenue and Seven
ty-second street, and four lots on Seventy.
SECOND street adjoining, to Mr.. Rockefeller,
of tho Standard Oil Company, for SS4aa55, SS4aa55 0o0,
averaging about S47, ~ per lot. Seveity-sec-
ond street, the very centre of the building
district, Is being rapidly improved between
Lexington aud Madison avenues. In this
locality, say above Sixtieth street and be-
tween Third and Fifth avenues, 1t is proxiin-
ity to the Park which gives value. AS an ex-
ample, lots on Seyenty-second street, be-
tween Third and Lexington avenues, are
worth about S11.O00 to $4,000 each; between
Lexington and Fourth they are held at from
Sl4, 600 to SIG 900; between Fourth and Madi-
son ut from S23, 200 to S25o00. and between
Madison and Fifth they ask almost anything
block bounded by Seyenty.t!rst and Seventy
second streets, Fifth and Madison avenues.
1t is the only entire block Of the old "Lenox
Farm" still in original lands.
Mr.. D. Q. Mills, the well-known California
capitalist, has bought. for about SG25, GOO, the
property known rs No, IS Wall street and
Nos. IS and 15 Broad street. The same gen
tleman has also purchased Nos. L, 19, and q
Broad street for about S70o0D. The present
buildings are to be demolished, and on the
land Mr.. Mills will erect for office purposes a
palatial pile to cost over S3,000,0 900. In this
Single real-estatc operation Mr.. Mills invests
nearly 1000, goo. Several Important finan-
cial institutions, and more especially the min
ing interests, will, 1t is understood, find
permanent home IN the new structure.
What Mr.. u. Q. Mills is doing on SO mag
niticent a scale-i. e., investing money made
in stocks. mining, and other enterprises, in
New York City real estate.-ls being to q GER
tain extent very generally done by other fort
tlons.
4 notable new building will be erected in
New York at Nos. IS, q, 49, and ST Rose
street. Its dimensions will be e feet front,
1o4144 feet deep, and nine stories; or ls9 feet
and concrete foundation, with blue-SMna
coping, and galvanized iron-cornices. The
roof will be fiat. The foundation-walls will
be forty-four inches thick, the first story
walls thlrty-six inches, and the stories above
A fire-escape will be furnished by an iron
stairway, provided with iron doors aud sur
rounded BY brick walls, extending from floor
to roof. It will be owned and occupied by
George Munro. as 4 printing and publishing
house. John Correja drew the plans for the
structure, which, it Is estimated, will cust
$500, 600. ::
4 i,ine-story grocery warehouse is to be
erected on West Broadway, franklin, aud
Varick streets, having . fronting Of. 80 feet
OIL those streets, It will be occupied by the
grocery firm of Francis LII Legeett Il Co.
Each floor will have all area Of 10,000 super
1icial feet equal to four city lots. The walls
are to be three feet thick iul cellar and TWO
feet eight inches above. The entire first
story is to be of grant, from the patent
light stoop up to and including the cornice;
from thence to the eighth story the fronts
are to be faced with Philadelphia brick, with
grant sila, 'sill-covers, bands, and lintels;
The ninth story will be formed by the man
sard roof, extending around the entire three
streets. There will be six freight elevators,
Two forty-horse, doubfe.decK boilers. and an
siglty-horse power engine, This building,
when completed and fully equipped. will cost /
the SUN Of 500 900, exclusive Of the ground. ]
In New York 1S5 plans for new buildings |
nave been entered OIL the books of the Bureau |
II Buildings since the 1st Of January last |
s The number of-neW buildings proposed Just
loW," the Chief Clerk Of the Bureau said, |
: is not so great as it was in August and Sep !
enlber last, when plans for lib new build |
ngs were filed; but the cost Is infnitly great t
n now than then.' The number Of new
buildings erected in New York City in nine ]
.ears is no fn1fnyS.