New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-12-13

ecer Of the land Is such that large sums Of money
viii have 70 be spent removing rock and in fill
ing in various plots below street grade before the
actual work Of building z larger scale is begun
According to many experts the Washington
Heights and the Dyckman districts are goinS to
be made into splendid additions 10 the great apart
rnent house section OF the West Side north Of 18Th
street ! few years ago there were large num-
Der Of lots il the Dyckman district which could
be bought at from $3.50 upwards. But the present
average price for lots in this section is about 5000
each. and plots OF four more lots are being
rapidly sold about $1,000 lot Experts say
that most Of the lots at $500 each genuine real
" bargains. and that those persons who have to
pay the highest asking price for corner plots need
have no fear Of being connected with unproft-
able investment there will be greater opportuni-
ties n the spring for marketing plots a. a much
higher figure than the prevailing rate
RECALLS TRADING N THE SIS
- The prices that being paid in the Dycknan
district remind those persons who have been for
over twenty-five years identified with realty trading
on Manhattan Island Of the operations in the Cen
trral West Side IN and 1855 At that time the
development OF the West Side. which is now the
principal apartment house Of the greater city
and one Of the most beautiful and largest Of its
kind in the world IN the initial stage Of de-
~elopuent- A glance a. the real estate records
VII that few Of the real estate spectators
of the had any Of what the future held in
store for the West Side and those experts who had
Ct accurate gauge conditions in those days were
views a secret Most Of the opinions on conditions
sn the West Side expressed at that time by some
Of the best known experts indicated that the eX-
perts thought that prices were then too high, that
the city in many sections oyerbuhI that
the market about due 10 undergo a long perloo
OF read5ustn2ent. and that under the Teadiusting
process the tendency Of affairs would be toward
!Iessenng Of opportunities for profitable Investments
and q decrease Of speculative movements.
= Il was in 1855 that Samuel ColCOrd sold plot of
/, four lots al the southwest corner OF Columbus
) avenue Chen known Ninth avenue) and 18th
street 102 2xle0 feet, for $4,000 70 Alexander Nc
: Sorley. The brokerage house Of L J. Phillips
Co represented the buyer in that transaction IN
the sane year Thomas c Smith sold for the estate
{ Of Sheppard Knapp plot 32zl5ox6fz1A feet al the
northwest corner Of Edgeconbe Road and l6Sth
street for $500 Many other large sales Of West
Side properties made in that year. and large
number Of parcels changed hands in the old Real
5 Estate Exchange in Liberty street. on which site
now stands the home Of the Chamber of Commerce.
~ an auction sale held there in 1888 otunser
Brothers bought q plot 251zIG0 feet At the north
west corner Of l08d street and Central Park West
for sI3E5o A plot 25Ilxl@0 feet the southwest
corner Of I04th street and Central Park West was
sold on the same day Newman Cowen for $500.
Some Of those present a. the sale thought II Is
said that the Prices obtained were excellent and
Others that the properties had been marketed at
q figure somewhat higher than they might bring
q forced sale
SOME OLD AND NEW VALUES.
Since those sales values throughout the entire
West Side have in most trebled. Those
prices and the sums being paid for many lots north
of 10th street and south Of the Harlem Ship Canal
form interesting table Of values. Il in 1855,
TOO. that Scholie Brothers sold 70 Charles l. Gull
ses for 81 go plot Of four lots at the south
east corner % SO street and Broadway. That sum
IS just & trlfe less than the amount which
paid last week for plot Of four lots in the Dyck-
nan Jracts which is over five miles north Of SD
street and Broadway. The buyer OF the Dyckman
PLOT congratulated having secured of
The great bargains in that region Overtures have
already been made TO him to sell the property
about 5000 advance Of about s9 O09 II
Is the consensus Of opinion OF the leading
tate experts that there are many opportunities
for profitable investments IN the Washington
Heights and DyckInan districts as there in
central West Side IL 1883 II is the subway.
they say, that has brought about the wonderful
Improvement OF realty conditions affecting the
region on the West Side north Of the westerly ap-
prosch the Washington Bridge At least the