Eastern Utah Advocate | 1903-08-27 | Page 6 | Value of New York Realty

VALUE OF NEW YORK REALTY immense sums paid for tracts in desirable localities leaving aside ulde tho the va vast st I 1 v valuations added to it by consolidation the accumulations mulat mu lations lons of property on manhattan inland island alone have been astounding once eold sold in bulk for 24 the island now has a tax valuation real and per bor ul of its real estate values have risen prodigiously from the initial market quotation immense euma sums have now to be paid for tracts in desirable localities as high as per square foot having been asked for sites in business sections making a price of for a lot 25 by enormous fortunes have been built up by the increment of real estate values the moet most striking example of these being the astor estate founded on extensive purchases of land when the latter could be had for trifling trilling sums like attracts like and so manhattan Is attracting to it makers of fortuned fortunes from all parts of the country no other city possesses so 20 many millionaires as does new york and their presence here Is no slight factor in the running up of pro per 7 rights weekly