Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: [v. 94, no. 2439: Articles]: December 12, 1914

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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 III......II.....II.....iiiiiMiaiiiiiiiM^ 65-^Street 70*Street ^3A. 1 1:^ Jherman \P/ri///?5/^fy. Oa "kJS/oarT Fst § /.}Vorm5er5K %Jlf Herb erf- ^ Q.O.Jennings %Three5tafe5 ffyCa ^ A.Leyvisohn "^A.^.Ouqqenkeim ^FH.Harriman § Fstate ^J.B.Haggirr ^ fstate 64'-^ Street 59'-^ Street A V e n u e f^ r.J. Ber^md Co 0 C > < ^ Ogden Mills § J.Brooks % C.V.Broka>Y %M.B.Harrijon \K.Lf(ernochan taOFeid QO JB.Hagqin fstate \J5tickney ^.Fm/?ney ( SS''-^ street 58* street %/intalphak'tY.Co. 1 F/FrhAve., & %A.L.6errf % O.O.Lake I T.Rutter § HJ.ChhtroIm ^ TFJ?yarr DO % Cl.M^Murfry § Wm.Loring ^F.KOouM % O.Amsinck , btr^ street i ?7*Street sz 4- ^- EL.Winttirop J 4- t4- %F//.Oary "^ 6. Sara tW.F.Rooserelt Ij- 1 OF Mason %FCM5atkmMe %LW.HaYemefer ^ A.C.Bostkvick CO H. O.Haremejrer \ Fstate ^^ J. A. Bostwick 61*-^ Street 66-^5treet IMOerry \£. B.Schley 1 J.J. Astor Fstate s Metropolitan C/ab 60^^ Street 65* Street 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. 75'-^Streer 80*~^Strect CM.Bertron \/I.F Brady %F5Murray t^A.W.Hoyt %)V.Leivisohn ttrJCurtis ^L.VHarkness ^ L /.V.Brokavr %.M.L.Schiff ^JDLayng Fst % S.B.Chapin 74'-^ Street 79* Street ^A.D.FeH Ci) > < ^I.D.FIetcher %H.H.Cook %6-)V.y\^arren t PW/rii-ney ■^ tMF.TerreH ^^Oh^iTarren JB.Duke ^ \FQuqqen/re/mer > ^LA.Fa/mer < 73'-^Street 78-^Street //.Oaa/d (VacarrO ^ W.V.laurence \ JH.Schiff 5; 5aml FHarne ^aH.BuHerfst 1 %5.H. Dieter ich W.A.Clark ^ Fealty' Oa Jas. 5fUlman (ycKcarrt) 1 7£"-''Street 77-^Street ^^ M.I. Burden F ) f t h i^FHVanln<^en *' O.yanderjbilf \y_ (vacarrt) ^OBMrdinof S 1 %3.W.Bri((qham F.H.Van /ngfen (rcfcarrf) (yacantj %A/.FBaylies %M.W.WYSong 71'-^ Street 76*^ street F. a Frick Synaqoqae J.B.Ford (^^(XCoKrtfJ tf.fHarkness 70^-^ street 75--^ Street