Newspaper Page Text
tres nevfti "'. W.a.«hlr,gton Bquare totaSen many
nacre m;'!!or.«, uud on Washington Heights and in
the Dyckmuti sections many more millions were
spent in the construction of apartment houses and
in rov.s of aiod'ern dwelling houses. The fact, too,
asust net be overlooked that in this period of years
a newer central hotel zone was created, the upper
Fifth avenus residential district was enlarged by
the !sdd:tion of many big houses, and great areas
of land in The Bronx sparsely settled ten years ago
are now thickly populattd fiathouse districts, at
tncttoe not only to the speculator but to the
REALTY CONDITIONS CHANGED.
!n days of such activity as referred to. the little
brir.cseeker must largely depend upon his own
financial resources or those of intimate friends to
erect a house for his own use. Now the times
have truly changed, and the demands of home
se*kors elicit close attention, for the market Is
eatertag upon a long period of homebuilding and
the <3*\c lopm^nt of its vast-suburban resources.
Without this network of river tunnels and the
new bridges such an undertaking as the develop
xaent of suburban districts on the present scale
would not he seriously tdered. Regions remote
from rapid tiansit are not only a costly investment
to the I*!? speculators, but like so much waste
lar.d to the thousands of little buyers. The tun
nels, the new bridges, the subway and the many
plan? for improving transit facilities within the
metropolitan zone have opened up larger egtans
of f.ne suburban tracts to homeseek^rs than ever
before in the history of the greater city.
Sincr- IPA millions lvb been invested by wage
trorkers in purchasing land for future hoi sit^s.
Most of those buyers have lived up to their con
tracts, and arc now ?efk : ng the necessary money
«rita which to imprjve their properties. Recognlz
ir.ir the extent «.>f the demands among wage earners
for homes of ili^ir own in th<* metropolitan ar«*a
many of the large development companies which a
few years ago purchased and divided tracts of
land near this city are planning to do all in their
power to help the cause of these homese.'kers.
This subject of >;rensthening the hand of the :
■nsge earner s"> that he can build for Kim«flf was the
them*- of. an a-JUress recently delivered at a dinner
of Lor.ir Island real estate operators and investors
heid la this city.
This home- building movement would long atn
have becTi of great volume if better money chan
nels had been withir. the reach of those who d* sired
to build for themselves. For some years thrre has
bee-i Pule money available for such work, and that
w v v jnore building has not been doTie by indi
viduals within the boundaries of the suburban dis
triM* of the greater city. Last year home building
on an extensive scale as now planned was not to
t-e thought of. for the real estate market then
■was still experiencing « readjustment of its af
fair* resulUag from the setback it received, owtag
to'the financial depression of 13U7. Of course there,
■was considerable building last year, but it was
p!;t i v <jore by large speculative concerns, which
found that it pa^d them better to be active than
to be idie. But when it is necessary to pay targe
bonuses for loan? the' financial burdens to be car
ried by bomeseekers •■■ rot Ddoetve to wide
Realty sigT.s truly indicate, according to many
exD€rts, that it will be B long time before con-
Etracticn work on Manhattan Island iinssswi the
r»>cord made in 390»>. and that from now until at
least 1912 the development of the suburban areas
win be one of the leafilng features of the local
TO SELL FIXE PLOTS.
Offering Comprise* Oakdale Bunga
An opportunity is presented of buying an ideal
jangajow plot on and near Great South Bay, with
in ten minutes" walk of the Oakdaie station. Lone
Island, to-morrow, when forty plots, 75x150 each,
■win be offered 'at public auction In the Vesey
street salesroom by Bryan I>. Kennelly. The terms
m liberal, 60 per cent, of the purchase prices
b*T.r allowed to remain on ■ -.-.. for three
years a' * per cent.
Ciakcr is growin? rapidly. For many years
ttis suburb has attracted much attention among
bcaweekers. Carefully restricted, it If within es»y
re*ch of Manhattan and Brooklyn. "With the
operation o? the Pennsylvania tunnel system the
ran will b* mad') to Male In cbout fifty minutes
•• a monthly numttation rate of twenty cents a.
RIVER VIEW manor.
Situated in a Primeval Forest, It
Overlooks the Hudson.
■Svar View Manor, at Hastings-on-Hudson. is
on« of the best examples of the substantial growth
<£ a high class suburban community in Westchester
County. Afcout ote year ago the Hastings Homes
Company acquired this very sightly tract, which
Mes between the villages of Hastings and Dobbs
Ferry, anj is practically surrounded by the large
estate* of the late ex-Governor Flower. Dr. AlWt
Shaw and others of equal prominence.
The property is a srles of aatural terraces, rising
in *tevation from the villages to an ultimate
nelght of more than five hundred f«*»t, and from
each one of these terraces may be obtained magnifi
?°* Vle *'* up and down the river, with the im
?*££_ Palisades in the foreground. The property
TOt-if is covered with a primeval forest, and no
*re are more magnificent tr»^s to i>e found.
t-refc'^" I^* Home " Company Is entitled to much
. r ~" for tha thoroughness with which the im-
were Installed. While no attempt to
hts * * C * V ' w<?lo J imp nt out of Bttver View Manor
•afloTT <lua J nl couttry drives - wlMdln « U
«»«£, d ° ver !*S hil!e - h3ve »**n laid out. A
t'i ,>, > » WTr " r **?**• U^ h P««ure water *v«
te«*ihSr fe l? * na cl * ctric " Kht ** rvice h * ve b *" n
"£Ni ~a !• thC strw ' ts are "Bhted with Welsbach
t£. . teSL '? bydranls * r * «ber.Hy distributed,
«W' v« If.,! prt>^ rt >- »a it* country-Ilk- oondi
■ n remark
^- of the omz , !lg of Xew
«tiW ewaoltehing permanent all-ear homes
Th^bSL, t.v the " Cen< " ry all .j tbe erivlronl
JZ s?^** T™""™ "* pr "ere,,l aif ranidly.
Sr VV 0"^0 "^ the RenCral wa »«eer of the
s z£*uz. m sußders ußder c —^ '
SLi« _ ■" Bn * - -'
A BOBOCGH OF HOMES
AND BUSINESS CESTRES.
Maivi Chances for Safe Realt?/ In
vestments in Brooklyn.
•ions affecting the trading in the vari
ous real estate fields of the Borough of Brooklyn
have greatly Improved' in the laat three months.
This fact !■> reflected in the records relating to
operations in the borough. Since January 1 to date
over RMMN I aye been loaned on bond and mort
gage In the borough, as against $16,000,000 for the
corresponding period lam year. Moreover, many
builders who have been idie and who a
Of erecting long rows of houses I
HOME OF LONG ISLAND AUTOMOBILE CLUB, AT BAY SHORE, LONG ISLAND.
I there have become prominent again In or.c or more
of the large building undertakings in this great
borough of homes.
The real estate conveyances also show the great
er market for . ropertles in the borough. Since
January 1 to riate the considerations expressed in
the transfers of titles affecting propertiefl there Is
over J5.000,000, as against 12.600,680 f,, r the corre
sponding period of last • ar.
A Few years ago many well known operators and
bmstors who had figured prominently In the larger
purchasing iir.d building movenv-nts on Manhattan
Island snd in The Bronx for many ears became
farters in the realty growth of the borough, end
their presence has tended to make wider known
the attractiveness of its many and varied realty
fields for s=uf-^ speculation or Investment.
One of the chief features of Brooklyn is thai It has
a larger area of land, with rural charms, Surround
ed and bordered, as it wero. by great manufacturing
and business centres than Manhattan. It is in Brook
lyn that one niay really enjoy suburban life In the
fullest hense of the word and yet be an occupant
of a house within a ahoii distance of al! the prin
dpal business and amusement centres of the great
er city. A striking characteristic also in the.
huildir.p growth of Brooklyn is th© development of
many c!i.=tri'-ts with brick flathouses of smaller plz-»
SS)d wicth than Is to be found In the central loca
tions cf The Bronx cr in the northwesterly dis
tricts of Manhattan Island. What is known as the
seven-story or the ■ story "walk-up" fiat is not
popular in that borough, and many of the leading
builders and investors who have the best interests
of the borough at hpart hope that the day if far
.■i?tant when Rdi superb residential z"n«>s as Klat
bush. Kensington, Midwood, Bay Ridge and Rich
mond Hill will be largely covered with big fiai
ITS RCALTT MEASfREMBNTS.
From a real estate point of view the factors
whi<-h make the borough unusually attractive to
•eekera are the following:
ItP shore fronts, forming part of highly developed
residential sections and factory zones.
It* many large i>ler facilities, where the largest
vessels can easily dock, and where freight can be
bandied in an up-to-date way.
Its large stretches of* land fronting on the East
River, between the Brooklyn and Wllliamsburg
bridges, and between the WlMamsburg and the
Its large SUIUI IliWll centre, >n lhe lower Fulton
Its many big factory regions along Che water
front and others in inland locations.
Its many miles of streets dotted with one and
two family houses.
-.irk system and Its gi sntlal legions
fronting on tbe Atlantic Ocean or within easy rvach
of the scaslioi>- bead) -c waters i-f Ja
Not wily have the bridges led scores of spetru
lators and builders who ha\e figured largely In the
development of oommereta] and residential build
ing on Manhattan Island and /The Bronx to become
identified with construction work in the borough,
but the river tubes between Manhattan Island and
the Long Island shores have forcefully revealed to
many thousand pei'sons the charms of the borough
as a residential district and as a strong manufact
I N() , is the time to buy Brooklyn properties, for
there is little likelihood of present valueß remain
iii'g stationary for a tau time. (There are man
a.crc-s of land within the lin:lts of .the borough
which can be had at from $400 to S&O a lot, and
each one of those tracts is Just as near to the City
Hali. Manhattan, and many of them are consid
erabty nearer than as. most of the northerly dhv
tricts of Manhattan Island and the southerly dis
trirts of The Bronx. In studying the realty value
cf this borough t!:e fact should not be overlooked
that lota are now selling in the Dyckmaa district,
which is many miles from City Halt Manhattan,
at from IMM to JIO.OOO a lot. sad that in the Dyck
man section, which Is s very rugged plateau of
land, thousands of dollars will bave to be spent la
the cutting of streets through solid rock and the
bringing of streets to grade before developing that
entire section of Manhattan Into a worthier annex
of the great apartment zone- of the big West Side.
ON THK PARK SLOPE.
The Park Slope, Broeklyn. Is within Icsk than J
three BSHBS of City Hall, Manhattan, and <■; II
sras ss4y a short time a«o that a large tract wt
XEW-YORK DAILY TRIBIWE. SUNDAY, APRIL 4, 1009.
land there wa? offered for pale in the Vo«ey street
salesroom, and the prices obtained for each lot was
less than the present sales prices of L»ycKman
sites. The Park Slope will lend itself just as
to being transformed Into a gTeat apartment house
centre as the Dyckman region.
One of the mo«t rapidly growing cistr'.cts of th*
borough Is Flatbush. In this region there are In
numerable opportunities for the homeseeker, and
this is one of the few highly d-eveloped resi
dential isones. within a short distance of the
very heart of the city, where large modern
houses can be bought on a capital of Sl.Ot" 1 . The
future development of the district doea not have
to de;>end upon the enlargement of the subway
zone of the greater city, as the larger part of the
region is now easily reached by surface lin. ? find
by the Brighton Beach line of the Brooklyn Kapid
Transit Company. Notwithstanding all the big
building operations which have bf en perfected and
carried out in recent years in this charming dis
trict of the r»orou«rh. values have not ri«en there
in proportion to the construction work. Taken as
a whole, it affords safer and preater avenues or
Investment than most of the other charming resi
dential regions In the city.
AS AN EXPRRT BEES THE BOROUGH.
Regarding the future development of the Bor
oußh of Brooklyn, a well known real estate oper
ator said recently: "We all know* how rapidly the
population of the borough Is increasing. We all
know what great rums of money have been spent
in recent years for more bridges, uniting ths
borough with that of Manhattan. We are also
aware of the many projects for enlarging the
subway zones of the borough no as to bring about
the desired Improvement in the transit facilities
affecting various sections. But few persons real
iz*\ however, the depth and breadth of the realty
strength of the borough as a residential region
and bf a nianufacti;r!nc centre. 1 firmly believe
that the Manhattan Bridge, which is being quickly
put up, will do more for the placing of the district
between the easterly approach of that bridge and
the EUiHt River on a higher plane ns a manufactur
ing centre than anything done in recent years.
The district north of Fulton street and east
of the Flatbush avenue approach of the bridge has
Just e« nfany advantages for the creation of a
big loft district as many of the midtown zones
on Manhattan Island. It could, moreover, be
transformed into such a zone at a less cost than
slmiJar building operations on Manhattan l.«ian<i.
because the prisei se of land there is much cheaper
than in West ZTI street and in othfr central
streets of \;.mhat:an Island, which are numbered
anr-tig the public thoroughfares in the Pennsyl
vania tunnel terminal «oi Now, the cheaper
cosi of land will also make It possible for many
flourishing manufacturing rases to have larger
plants In this borough than if they located on
Manhattan Island, and a« a shipping point for
freight I do not know of an: borough which can
Burpasa Brooklyn Through the bomugh la to ran
an an-throosjfa freight BBirtce. connecting U.e
j New England states with most of the Atlantlo
and Western states, and as the roadbed of that
i service will be depressed and be considerably
j lower than the street level It will not sertooely
! affect the development of abutting lands moit
■ suitable for residential purposes.
WHAT REALTY SIGNS INDICATE.
"Present real estate conditions affecting the mar
| ket for properttM in the borough Indicate to me
! that the day Is near al hand when the ofßce district
of the borough, near Borough Hall, will be con
siderably enlarged, and the borough will then be
I able to boast of sossessmg large numbers of mod
i »m office buildings instead of a few such structures.
I Tha enlargement of this office district, together
•with the#demands for houses on the Heights, will
unquestionably result In a great enhancement of
values throughout the Heights region.
1 "To-day the H<-i|C!>ts Is one of the choicest high
class residential setttntu near the Wall Street sec
tion, Manhattan." i
COTTAGES FOR RENT
SEASON OF 1909
ALFRED E, SCHERMERHORN
7 East 42d St., New York City
Contribute to Your Income
You who have always regretted you didn't buy land in Harlem and the Bronx before the subway??— T
You who have foresight — but who have never profited by it —
You .who are looking for the "nest egg" of a snug fortune —
Here at last is your opportunity to get your share of the biggest profit making realty investment ever
offered in the history of Real Estate. An investment opportunity that compels the attention and response
of every man and woman who wants to make money.
Just ns Atlantic City is the logical pleasure resort for
Philadelphia's 1,500,000 people; Long Keaoh represents the
future plarpround of New York's 5,000,000 Inhabitants.
Long Beach is the last and final accessible Etretob of
strand on the Atlantic Seaboard. Ir represents the cream
of seaside properties — th»- peer of investments.
For here is a city hy the sea, 4<> min
utes from New York — so ndvaiitage
ously located, bo unrivalled In natural
attractions, p<> complete In every facil
ity for enjoyment and recreation that
you'll marvel nr Its overwhelming su
Five million dollars ic>rth Of lots
harr hcen pwrcha»e4 by investors in
Nowhere in the world can you find
seaside attractions bo harmoniously
combined with the refinements of a
high-class pleasure resort ns at Long
Its surf brithing is Incomparable.
Think of nine miles "f hard, white
sandy beach upon which thunder the
mighty combers of the Atlantic. Think
of the millions of people who will visit
1.-in:,' Beach tor Its unsurpassed bath-
Ing alone And the millions more who
will jro there for its other attractions. •
Its i!uisi;ifl<'<-nt boardwalk — Its crand
hotels and casino— jr* crowds, gayety
n::-l Invigorating breath <>f the nea.
Then think of the profits that will
be made by Th^ foresjghted Investors
who M'i?.f<l this opportunity to buy
Long Beacb lots during the process of
development — while prices are at^rork
Now Is SXNO* opportunity to get your
share of this tremendous profit mak-.
Ing opportunity. X(nc Is the time for
you to come t«« Long Beach Estates
and cvt a mental T'irture of her future.
THE IDEAL SUBURBAN HOMELAND
SERVED BY TRAINS HAVING DIRECT CONNECTION
WITH THE NEW YORK SUBWAY
LONG ISLAND, winch has a greater diversity of natural attraction? than any other section, has become most
popular as a pernranent and summer residential territory.
Its excellent transportation facilities — its accessibility — makes it an ideal homeland. It is the land of oppor
tunities a place where real home life may be enjoyed with a bit of a garden, sunshine and such a? a
family should have to live rationally and well.
< toe of the most striking evidences of the growing popularity of country life that has been shown in recent
years is manifest by the immense number of people who flock to Long Island to look for a desirable spot on which
to •establish a home.
Think of it— over 11.000 buildings erected in the «übu rban towns on Long Island during the last two year?.
This clearly indicates what is coming. The day is near at hand when the western end of Long Island will be oire
vast built-up section. Every village within thirty miles of Xew York is coming to be a settlement in itcrs,
who can reach their place of business with less effort and not much more time (from some places in less time) than
from the crowded flat houses in the city, and when their working hours are over can quickly reach their horrves
for (Tinner and then have ample time to enjoy the big, free and open country that the suburbs alone can otter.
The Interborough subway trains run direct to the Long Island Railroad station in Brooklyn • Flatbti^h Aye.).
which can be reached from .Yew York in ten minutes.
String conditions are back of the activity in real estate on Long Island. Here is a territory with a wea't'
nature's favors — right at the door of the metropolis, and millions of dollars are being <pent for additional facilities I
connect it with Manhattan.
There is no feature whi-h goes to make an ideal condition for a home that is lacking on Long Island — pr r e
water, refreshing breezes, cooled by the ocean in the summer; excellent schools, churches of all denominator
libraries and well-stocked stores.
For maps and list giving names of Real Estate Agent* having cottages for rent addros the General Pa-fenger
LONG ISLAND RAILROAD
263 Fifth Aye. New York
Five Million People
You have never seen a tract han
dled on such a gigantic scale as at
5700.000 Nassau Hotel
The Nassau Hotel, fireproof, with
350 guest rooms, hot and cold salt and
fresh water in all bathrooms, and a
cuisine of New York City standard,
will open In June. Rooms can be
hooked with their agents at this office.
Let Your Money Grow in
This Great American
Every requirement of a national sea
side resort has been fulfilled. Every
improvement and convenience of a
hlsh-daas summer home place has been
provided for. The magnificent Horel
Nassau will be open in June.
Alone the ocean front is the finest
bonrdwalk ever constructed. Five
miles of concrete piling and fifty foot,
planking. Three miles of it have al
ready been completed. Macadamized
streets, concrete sidewalks, sewers,
water, pas. electricity, and all city con
veniences are r.ow being Installed.
Every street has its wise restrictions.
ESTATES OF LONG BEACH
WILLIAM H. REYNOLDS. Pres.
225 FIFTH AYE.. N. V. T^ P h<M^ 300* m^u*.
GREAT NECK VILLA
An Ideal Colony on the North Shore of
Long Island, Near the Water.
Designed for and sold only to people of recognized standing.
The property is surrounded by the homes of New York's wealthiest
citizens and is sold at the right price (less than $350 a lot, in ■ acre
plots or more). No checkerboard plan, but the real country idea.
Liberal arrangements can be made for the building of houses.
Take 34th st. ferry. Booklets and photograph sent on request.
LOUS G. & PAIL V. SHIELDS COMPANY
NO. ONE WALL ST.. NEW YORK,
Riches have come to those who bought lots in tbe
world-famons ocean resorts before they arrived. Atlantic
City. Brighton, Nice and Ostend are i>aying enormon* divi
dends to early investors.
Yet none of these places possessed the snarveloua
money-making future of
Every lot owner has the protection nhm
and co-operation of a thoroughly re- M
s>pon»lble company.' .
In all the world there Is no other
spot where yon can buy lors s«> sure of
quick profits as at Long Beach. J»
This Is Your Chance— ft
Grasp It ! - j
Remember — Lonz Beach Is the last wm
desirable and available piece of sea- ww
coast on the Empire State Coast \JBm
Your opportunity to get a substas- SwJ
tial share of this unparalleled money- wS»
ma kin? investment Is note. Dont XSw
hesitate. Don't delay. There 1* abso- ot«
lutely no risk. There are sur* profits. »Sn
And yon may never again get to-day's jw
low prices. $M
Get This Free Book ft
Write to-day for our handsome.
beautifully Illustrated book. Pleas© Sw
read It carefully. Then If you desire to ' SJSS
see the city we are buildln* at Long X
Beach write ns for transportation. We «§«;
will gladly send you the number of wSw
tickets you wish. Come on our special !SSs
Guest Train next Sunday. But be sure :«Sxs
to write for book. \M$