New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-11-15

are found. The corners AT Cedar-st and Broadway
valued at $50 a square foot One block east,
Nassau-st-. land is worth 500; block west, at
Church-st, so; two blocks east, at Wiliam-st'
SIS. blocks west. Greenwich-st-. $50
In CortIandt-st- the tide changes. but only for
the nonce. At equal distances from Broadway
there is Cortlandt and Church SITS. at SIS, and
Maiden Lane and Nassau-st- at $50; Cortlandt and
Greenwich SITS. $50 and Maiden Lane and Will
iam-st- at $50; Cortlandt and Washington SITS. at
$40; and Maiden Lane and Gold-st.. SIS; Cort-
landt and West SITS, at $50 and Maiden Lane and
Pearl-st. at SO In this particular stratum there
fore, and at these last named points, land to the
east is worth only one-sixth Of that TO the wes'
Fulton-st values were relatively higher II -nty
years ago than they at the present time. Then
business men used the street when they patrOnized
the ferry 10 Brooklyn at its foot. The tide which
now flows through narrow Nassau-st. 10 the
Brooklyn Bridge then poured through Fulton-st.
Al the present time land in FUIton-st TO the
% Broadway is held higher than TO the west.
Fulton and Church SITS. IS valued at s45: while
Fulton and Nassau SITS. the distance from
Broadway. Is held al $50
Chambers-st is a sort Of e1abankuent by which
the upward tide Of traffic is turned from the east
&c the west The property opposite City Hall Park
as OF course, more valuable than that at the
distance 10 the west in Chambers-st-, but at fur
Their points conditions are exactly the opposite
West Broadway land is held at $50, whereas at
lark Row. he east. which is equidistant from
broadway il is appraised at so. On Frankln-st.,
property just east OF Church-st. is valued $50.
while that the same distance eastward.
Elm-s-, has been held at SIS. At West Broadway.
in the centre OF the lace trade, values $40;
hut at a corresponding point east Of Broadway.
near Baxter-st., finds stiH greater contrast
Here the land is covered by old tenement houses
and IS appraised at s.. At Franklin-st, Broadway
prices rated IN the neighborhOod Of $50 one
tenth the price 0: the corners IN wan-st- North
OF Frankln-st-. Broadway values begin to rise
again
II Fourteenth-st-, at corresponding distances
from Broadway. property to the west is from two
70 four times higher than TO the east
For example, land IN the neighborhood OF Four
feminist and Sixth-ave.. which is the southern
edge OF the great retail area. has been held az $50
foot while at FOurteenth-st- and Third-ave.
Il valued at 80
IN Tventy-third-st there is another peculiar shift
OF valuations Although property between Fifth
and Sixth aves, in Twentythird-st.. has brought
high as 500 and thus equalled lower Broadway
prices, nevertheless there is abrupt fail in values
between sixth and Seventh aves. so that land there
is only from one-haIf TO one-qUarter valuable
between Fourth and Third ayes. at points eQui-
distant from Broadway. The land in this particular
region has been increased still more in value
Gently by the construction Of the Rapid Transit
subway in Fourth-ave.
Until recently the trend o. values in Thirty
fOurJh-st has been TO the eastward. Here Broad
way and Fitth-ave. are a block apart, and the
intervening district Is OF the greatest value.
Property in the vicinity OF the Waldorf just west
o. Fitth-ave. held al s45 square foot, while
just west OF Broadway II was estimated at SIS.
Between Fifth and Madison ayes. land has been
garded twice as valuable as between Broadway and
Seventh-ave. N the last few months the condition
has begun 10 change. The determination OF the
Pennsylvania Railroad Company to build its station
between Thirty-frst and Thirty-second SITS. ana
Seventh and Ninth aves. has doubled prices in
many places. The northwest corner Of Broadway
and Thirty-fourth-st- brought 1888 q square foot.
value, OF course, vastly enhanced by its frontage
in Broadway. Sales Of other lots in Thirtyfourth-
ST. west Of Broadway. however. have shown that
the boom extends as far west as Ninth-ave.
A lot 500 feet west Of Broadway sold recently for
SO a square foot and land between Seventh and
Eighth which sold for 80 IS now held
al $50 II IS the belief Of many old real estate
operators that Thirty-fourth-st-. between Broad
way and Eighth-ave.. viii become a great retail
street similar 10 SiXth-ave-, between eighteenth
In Forty-second-st before real estate took a
boom IL the vicinity OF the Grand Central Station,
because Of The proposed Improvement OF the New
York CentraIs terminal, and before the subway
estate men always shook their heads before pre-
dieting the place 10 buy In this thOroUghIare. AT
Grand Central Station OF the same distance west o.
Broadway are rated much as formerly. Renee,
striking contrasts in the price OF Tea4 estate IN
F0rry-second-st- may be found within snort as
tances. Land just opposite the Grand central Sta-
ton held al SO square foot three hundreo
feet il IS appraised az ~ Wtlle AT 1he sans
distance 10 the west Fifthave II is valued at
So Land 100 feet east Of Long Acre Square is
held al from so So. while the same distance
70 the westward il falls 10 $50 and S35. Two hun
dred feet values are az from SO 70 |1o "Ille
90 feet west they may be found at 80 s
The values Of residential property are governed
by wholly different influences from those Whlch
AFFECT land used for business purposes The heavy
traic which would increase the value OF business
block would only injure the property as me SIC
Tor dwelling houses. Thus. land near Riyerslae
foot, while in the same street between C0!ull4OuS
and Amsterdam ayes, Il is held at $ and 80