Morning journal and courier., 1881-03-22
Tuesday Morning, March p, 1881.
REAL ESTATE IN NEW YORK CITY.

REAL ESTATE IN NEW YORK CITY. Real estate is s'moving" in decidedly live l ly manner in New York city. Large sales have recently been made at good prices, and 1 in the matter of first-class property there are
 more buyers than sellers Among the more notable transactions is the sale of five lots on l the northeast corner of Fifth avenue and Seventy-sscond street, and four lots on Sev-
 enty-second street adjoining, to Mir. Rock
 afellar, of Cleveland, Ohio, for $425, ,O0O, averaging about $47, ,222 per lot. Two lots on the north side of Sixty-eighth street, just east of Fifth avenue, each 25 by 1OO.5, have
 been sold for $66, ,OoO. Two lots on the
 south side of Sixty-ninth street, west of and
 near Madison avenue, which were bought
 last year for $27, 500 each, have been sold for
 $33, ,OOO each. Lots in Eightieth street, be-
 tween Fifth and Madison avenues, are selling
 at from $lS,O00 to SEQ, 900 each, the most re-
 cent sale in this street and between these
 avenues being that of plot fl by 1922 for
 $30,0OO Further down town, Messrs. Rob-
 ert and Ogden Goelet, for $405 OO0 have
 bought the southeast corner of Broadway
 and Thirty-second street. having a frontage
 of 125 feet inches on Broadway, ,and depth
 of 126 feet 10 inches on the street. The pur-
 chase money, $405, 900, may be said to rep
 resent the value of the land alone as the
 buildings are old, and must soon make way
 for modern structure suited to the locality
 The brothers Goelet have likewise bought
 the lot and building on the southeast corner
 of Fourth avenue and Twenty-ffth street. The lot has frontage of 49.4t on Fourth avenue by 100 feet deep. MT. D. O. Mills, the well known California capitalist, has bought for $625, 1000 the property known as No. 35 Wall street and Nos 13 and 9 Broad street. The same gentleman has purchased Nos. F, 19, and 21 Broad street for about $700, 900. The present buildings are to be demolished, and on the land MT. Mills vii erect for office purposes palatial pile, tel cost over $3, ,O0O,O OOo. In this single real es- tate operation Mir. Mills invests nearly $5,- 900, GOO.
 In commenting upon this activity in real l estate the New York Tunes says: 'swhen which few men have made in this city in | the course of a comparatively brief period | they are struck with astonishment and ask | how it was done. They learn that in most | cases the successful man bought real estate in or near the city and held it steadily through good and evil times, believing implicitly in the steady growth and future greatness of this metropolis. Everybody praises the foresight and ,.sagacity of such men. Every man thinks he would initiate ! heir example if he only had the chance. Yet t may be doubted whether there is one in en thousand who would have the pluck to profit by such opportunities, no matter how they might be presented. When Fifth avenue lots above Twenty third street were selling at $20,0OO apiece, several so- alled experts and acknowledged real estate authorities wisely shook their heads, spoke ! agely of fictitious values and prophesied lreadful things generally when the bubble hould burst. Well, it has bursted two or hree times since then, and at the end of ev- ny burst New York city real estate comes ut higher than it was before. Lots on Fifth venue, between Forty and Fiftieth treets, are selling to-day at from $7O,OOO to s75, 900 each" These remarks apply, more IT less, to the real estate situation in any rowing city. They apply in New Haven, s those who have bought good real estate turing the depressed period or have held on o what they had, will doubtless soon dis over. Real estate is already moving in his city, and there are signs that good market for it is at hand