New-York tribune., 1902-06-22

of parcels in various districts by simply taking
a standard OF values the price paid for the lase
parcels sold in the district This man IS cioseiE
lated to the old fashioned doctor who SAID mat
when he got his diploma there were only hundred
diseases with hundred names 10 which the huilali
body heir, and that these hundred diseases Lld
been doctored by the younger physicians mo-
there were now hundred diseases with a Ihou-
sand names He thought that the man who coulu c0'i
one disease by ten names got times more 'Iiah
tue who had only one name for each u'se@'
In my day at college" said the Old physlSi"l,
person stricken down by heat was Sald 10 pe sum
ing with sunstroke. but such a patient III lit nv
icaI wards is said be suffering with lnsoia'o"-
To return 10 the old real estate man. one oaS
person gave him a order to buy several HOUSES ~
the same street. The houses 10 be bousht were Hum
bered T. D and = The last house in that street.
said the old man. was sold for 81 a square TOO,
so ought to buy Nos. 3. and at the same rate
But when he came buy he found he coulu sel
No. ; for 81 a square foot, No for $ ana No.
for & a square foot. The reason for TINS van"
tion was that the sizes of the parcels dlf1ereu'
7-he-efora if all the conditions affecting parcels In
one street were similar the sizes OF the Pai'e
the same II would not take long to ger int eA'oN
standard of values for the street
However when the keynote the situation Is 10
be found in a long array of hgures OF val -
noyrers the student must labor long TO hnd ill'
average value of the properties Ihere are Hipl
precipices and pitfalls leading to disaster III nv
real estate market than supposed, and none t oa
suesser's piot in trying learn values. in the
real estate market the scenes sniit fra-
and old suideposts are uprooted Win sle" "
Going back to 1885. the records show that No s.
West FTfty-seventh-st., which is on the soiIh So S
of the street and 14a feet of SiXth-aNe.. was
transferred by Mrs. Ellen d Cass TO e Danet "a: "a:
Davis for S75.Oe The property Is a lolf 81 stoaS !
stone front dwelling house, on a lot -"AIEI. oA
cupying n lot comprising 80. sHuaT@ IA G ieer @ s26
SdIIare foot. In the same year No 10 10 IA
West Fifty-seveuth-st three six story brick i haI
Iipman for ~ ooo over mortgage Of of $laS,so 39
which the same rate a square loot iNa,- ai,a
recorded in the same ear "S no go fr,,7t
West Fifty-seVenth-st.! four story STONE iLoII .
dwelling house, on lot $oNISt'S 1tt EEL "S aeTtIst
Of Fifh-ave. and No ID West tlftH H-oe'
four story stone front dwelling mouse. on - d
29xl0e5 feet by the FarmeTS I iI iTan 6f 6apoine
Ellis Mr.. and Mrs. John r. Martin i } OF f tb
Iyn and John ". Ellis. for $oG iTs size t@ OF ase @
combined parcels was 59Xlroo feet ne pa' 80 80
price 4 square foot was about %47 80 ana d 4io'''
In 1901 title to No 42 West Fifty-seventh-st.. 4
four story brick dwelling house on the south SIDE
of street, and 652 feet west OF tlfth-ave. wa
conveyed by Charles H Godfrey, OF Sonthaim5gt0 mp or
Long Island. TO Charles q Emery, for Sl2',y"
The purchase price a square foot was So anu
front foot $500. Thus table Of comparisons 2r
the price paid for No % West Fffty-seventh-st IN
1895 and for Nc. a. West Fifty-sevsntA-st; IN 55
front foot So oO0-an increase in valuation front
foot in FYfty-seventh-st. between Fifth and Sixth
aves. from 1895 to 1901 Of $-1e; 80
The four stone front dwelling mouse 40.
30 West Fifty seventh-st. lot 3lxl09 feet was
conveyed by Sarah A. Sueden to Joseph j Man
foot or $3.50 a front foot. No accurate idea OF
what this parcel would probably have brought II
10 TO ia West Fffty-seventh-st The sizes OF the
parcels are not the same. the latter DC ,ng three
height or architecture. The records will show,
however, that it might have brought httle more
cells could probably be sold in jify for $3.50 a
front foot