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Rent 133 dollars a square foot for Manhattan land
New York May 9 Manhattan land once sold by an Indian for 24 dollars and a few drinks of firewater is leased for 133 dollars per square foot annually at Broadway and Thirty-fourth Street. The 50 foot tract will host a narrow skyscraper and a candy making firm. The owner, Robert S. Smith, paid 387000 for 1250 square feet in 20 years ago, defying a department store bid of 1,000,000. The lease totals 3,500,000 over 21 years with taxes and expenses. another candy firm offered more per year but the deal stood. The scene captures urban land value surge amid iconic era chatter.
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New York
Manhattan Island
Broadway
Thirty-fourth Street
Robert S. Smith
America
Russia