Place: Smith's valley: Street leading up to Pearl St and Maiden Ln

“De Smit’s Vly,” or “The Smith’s Valley.”

A road leading up to what is now the corner of Maiden Lane and Pearl Street, where Cornelis Clopper had a blacksmith shop.
Possibly Maiden Lane, and a short stretch of it.

A central stopping point for country people to stop and shod their horses and socialize.
One of New York's early landmarks.

See more details here:

Additional colored rendering:

Smith's Valley: Street leading up to what is now Pearl St and Maiden Lane, possibly a stretch of Maiden Lane.