Osage Valley banner., 1881-04-28
MIrh.prIced Real Estate IN Nsw YorE.


A recent New York letter saws. The
three costly buildings on Fifth Avenue. |
for Mr.. Vanderbilt and two of his sons,
are approaching completion. The
double building for Vanderbilt, Sr., at |
fifty-lirst Street, is a good piece of |
architecture, but would be better If the |
building were story higher. II looks !
rather SQUAT In proportion to the |
ground covered. The material is the |
same brown stone that TX as "a ncii4 !. !,
all the buildings on the avenue. 1t does !
not wear so well as some other kinds Of
stone. but there is none else that looks
so rich. 1t will probably be year be-
fore the inside work Is finished. On
the next block above stands the new
home of one of the Juniors. 1t is not
SO large as the paternal mansion, but II
is more ambitious in architecture and
may be called more ornate. The angles
are very numerous and the whole struc-
ture more showy. The material used
is a sort of gray limestone, n novelty in
stylish buildings in New York. IL is
not handsome. but it is different from
what Is seen in other buildings and that
may make up for lack of good looks.
Still further up, at the corner of Fifty
seventh Street, the most stylish OF the
/ Vanderbilt houses has risen TO the roof
aud is now closed in. 1t looks better
/ than either of the others. The general
/ design is neat as well as elaborate, and
the elect is pleasing. Inthis house the
! material is brick and light colored
1 stone. in about equal proportions.
There is no suggestion of baroness any
/ where, nor OF overlooking with fancy
work, either. II will take longer to
/ finish the inside of each of the Wander.
bilt mansions than it has taken 10 build
the outside. Probably in a year from
now the three will be ready to occupy.
You may now walk up the avenue all
the way 10 the park and find hardly one
vacant space Everything is built up,
and symmetrical rows of brown stone
fronts line the way on both sides. A
man wanting TO buy must pay at least
sized house well finished aud in
rood order. d. o. Mills, the California
millionaire. paid something about that
figure, believe, for the mansion he
bought on the avenue some time ago.
Mr. Mills seems 10 have tdth in New
York real estate, His latest purchase,
down in Broad Street, is the largest
made here in several years. An in
yestment Of nearly Sl,5O0OOO is worth
noting. The property bought by Mr..
Mills runs from the Drexel Building, At
the corner of Wall Street, down TO Ex-
change Place, the length OF an ordinary
|, block, and it includes, besides, one LOT
). on Wall Street, east of the DreXel, SO
that entrances may be hadon both sides
} + OF that building. The exact price paid
! for the properly is understood to be
81, 400, 900. The cost of building on II
will probably be at least 1000. 900 more.
There is no place in New York where
: real estate pays better. The neighbor-
hood fairly swarms with brokers, and
/ offices are always in demand. tits sdirect
ly opposite the main eE. -"ne 20 the
: Stoct Exchange. and the i:Iost r,,-stling
spot in the city 1t is at She corner o
! Broad Street and Exchange Place thai
] nearly all the call loans OF the brokeif
! are made Millions and millions change
z hands there every day. and most OF th'
business is done on the sidewalk, AL
= the brokers occupying offices on thu
, property bought by Mr. Mills hav'
. received notice ~ vacate on the Is
= OF MAY. The notice has caused a grea
) scramble for other offices in the sam'
neighborhood, and sent rents up enor
3 mously. The rents of the vacant office
! in the Drexel Building went up fifty pc
1 cent an hour after the notice wa
Q served. Ii is in this building that th
| business of Drexel, Morgan a CO., an'
Morton, Bliss Il Co. is carried on
I The location is just one block iron
5 Trinity church. II was on the opposit
= corner that George Washington was in
: augurated President Of the Unite
+ States. But Wall Street is might
t different place now TO what it was then