New York Land Comes High

1910

Space on Manhattan Island Quoted at Some Hundred Dollars a Square Foot

Space on Manhattan island which is a sure-enough tight little island if ever there was one, is distinctly at a premium. The record price for real estate in New York, according to Alcolm, was $583 a square foot, obtained four years ago for the southeast corner of Broadway and Wall street.

On March 13 last the Fourth National bank acquired the building adjoining its own home at the southeast corner of Cedar and Nassau street, a plot measuring 73.1 feet on the latter street and 73.2 on the former.

The average price a square foot was close on $307, which figure has been beaten by only three other sales of real estate in the city — the corner already mentioned, and two small plots the southwest corner and the southeast corner of Broad and Wall streets, which sold over 30 years ago for $330 and $348 a square foot, respectively.

A 30-foot lot on Fifth avenue at Sixty-ninth street, is reported as being sold to E. H. Harriman for a million dollars — and such price is by no means rare in that section. Fifth avenue values, indeed, have been bounding upward, and will soon be rivaling those of the financial section. — New York Sun.