December 12, 1914





RECORD  ANB  GUIDE





953





ONE   MILE   OF   RESIDENTIAL   NEW   YORK





I                       Assessments  on  Fifth  Avenue,  Between  Sixtieth  and   Eightieth

!                       Streets, Total $51,171,000—H. C. Prick's Residence Still Unfinished

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WHAT is probably the most valuable
mile of real estate, devoted to resi¬
dential purposes, lies on Fifth avenue,
between 60th and SOth streets, known
as Millionaires' Row. Only seven parcels
remain unimproved, and these are sit¬
uated north of 71st street. The total
assessed valuation of the mile stretch is
$51,171,000, while the land value is placed
at $37,735,000.

The north corner of 77th street, owned
by Senator William A. Clark, bears the
highest assessment of any corner, in fact,
when the improvement is taken into con¬
sideration, the property is assessed for
more than any single block front in the
zone. The holding carrying with it the
next highest assessment is the Henry C.
Frick property, occupying the block
front between 70th and 71st streets. The
land is assessed at $2,650,000 and with
the structure totals $3,100,000. The im¬
proved valuation is on the unfinished
buildins and probably will be increased
next year.

Three Important Blocks.

The block front, between 60th and 61st
streets, occupied by the Metropolitan
Club and the residence of Mrs. Louise
M. Gerry, are assessed at $3,400,000.
while the two block fronts, running from
67th to 69th streets, figure at almost the
same figures, the former being $3,075,000
and  the   latter  $3,010,000.

There is not a single block front in
this mile that the assessment of the
land is less than $1,460,000. The resi¬
dence of Samuel Thorne, at 912 and 914
Fifth avenue, is the only improvement
on the block front, between 72d and 73d
streets, the south corner being owned
by Tames Stillman, while Howard Gould
is the owner of record of the north
corner. Other vacant parcels along the
"Row" include those owned by E. H.
Van Ingen. at 904; Cornelius Vander¬
bilt, adjoining on the north; J. B. Ford,
at 944; E. Hastings, at 952, and E. H.
Van Ingen, at 956, south corner of 77th
street.

One of the unique features of realty
buying in this section is the fact that
the owners, almost to a man, acquired
their properties for their own occti-
pancy. and not for speculation. It is
one of the few sections of the city where
rapid transit facilities are not essential,
as all the residents have their private
vehicles, which transport them to the
nearest   subway   or   elevated   station.

Assessment List.

The following is a list of the assess¬
ments placed upon some of the principal
corners: Metropolitant Club, $2,000,000:
Mrs Louise M. Gerry, $1,400,000; E. L.
Winthrop. $775,000; J. B. Haggin Es¬
tate $840,000; same estate (64th street),
$530,000: S. A. Sherman, $575,000: J. J.
Astor Estate. $2,175,000; E. B. Schley.
$585,000: H. O. Havemeyer estate, $975,-
000: E. H. Gary, $660,000: E. K. Gould,
$775,000; Fifth Avenue & Sixty-eighth
Street Company, $685,000; Thomas F.
Ryan, at 858, $1,550,000; Henry P. Whit¬
ney, $1,300,000; Ogden Mills. 69th street,
$700,000; E. H. Harriman Estate, $875.-
000; PhiUps Realty Co., $515,000; H. C.
Frick, $3,100,000: N. E. Baylies, $385,000;
M. I. Burden, $500,000; James Stillman
(vacant). $540,000; Howard Gould (va¬
cant), $660,000; L. A. Palmer, $375,000:
A D. Pell. $650,000; S. B. Chapin, $285.-
000- C. H. Bertron, $775,000; E. F.
Harkness. $540,000; Synagogue, $1,300,-
000- M. W. Wysong. $400,000: E. H. Van
Ingen (vacant), $330,000; W. A. Clark
Realty Co., $4,000,000; W. V. Laurence,
$320,000; T. B. Duke, $1,585,000; I. D.
Fletcher, $465,000; I. V. Brokaw, $560,-
000, and  N.  F. Brady, $300,000.







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