The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-09-19
UP TOWN IMpROI.EMENTs.
Real Estate Values North Of Central Park a.
Affected by Rapid Transit.

that part Of the Twenty third Ward Of which
Fleetwood Park is nearly the centre. Much Of il Is
rocky land. and only here and there arc streets
laid out with here and there IN isolated dwell
ing. The property. with thousands Of acres in
the neighborhood. has been in the Morris
family since the DAYS Of 20 Gouvcrneur Nor
ris. when he signed the Declaration Of Indc-
pcndcncc. owned nearly all the land north OF
Harlem River to White Plains. Ton years ago
the property could havc been bought for $500
an acre. In 1879 it was valued at $4,000 an
acre. Just then renl estate values I'm this part
Of New York were at their highest The next
year the bottom fell out Of the real estate mar
ket and the property was valued at not moro
than q 500 an aero. Now 81 300 an aero. or s75
a city lot taking the good land with the bad, Is
the estimated value.
Further south. belonging to another branch
of tho Same family. nre 1863 acres Of valuable
land; valuable not by reason OF improvements
for the Morrises do not improve their own
property until it has been benefited as much as
possible Ivy the improvements Of their neigh
bors'-but because II is near the Harlem River,
between which and the Harlem Railroad IT
lies cast and west from llGth street TO 1921
street Ii Is neither 50 hilly nor so ROCKY as the
other r% me opy ,,mrSyscnp d rs 'f f tS
thoroughfare Is laid out IN lots, and a few build,
ings are going W. Ia 1873 the land was valued
$4,000 IN acre. and a lot 2jxlOO. with brick or
frame house, may DO bought for from $4,000 to
$1,000.
Tho smoke over yonder is from the Mott
Haven foundry, on the Jordan L. Mott estat".
Tho land is all leyel' laid out in streets and
guttercd with gas and water pipes laid Tho
Mott estate extends from Harlem Bridge 10
listh street west u Third avenue II belonged
to the Morrses and they sold 1t to the father II
averaged in value al .600 a city lot; now il is
huI n "a n eft lgf ln of lf.t
Mott Haven property Is improved and Is owned
hya thousand persons. cottage and a city lot
bring from $1,000 70 $1,000. renting at from sl2
70 s2j month. In view 81 the approaching
realization Of rapid transit there is much in
qgny Ior pr2Rrg Of IN s Knd oro erodod tho
sidewalks arc tagged and gas and Croton
water pipes are laid on. About 300 lots Of this
Brown being part Of the Morris estate from
which the land was purchased about 1865 for
81 600 an acre. then a very high price About
$1,000 IA now asked for an ordinary city lot in
this district IN Third, Lincoln, Alexander. Will
Us. and 81. Annes avenues. The tract EN-
-. Annes avenue on the cast Bronx Kills on
the south. and the Junction Of -. Anne's and
Third avenues on the north. The Portchcstcr
Railroad which runs - the score or, more 81
pretty villages on the New Haven rond. has it,
terminus at 1924 street and Alexander avenue
Nearly In the centre OF the tract. which seems
TO Ice absorbing all the money that owners are
sspcn,In On the Improvement 81 this part Of
brook sewer. which. when finished, it is said
will be the largest in tho world.
Immediately beyond 81. Annes avenue.
toward the Long Island sound II the valuable
tract owned by the Port Morris Innd Improve
ment Company. Along the river bank property
is held AT high prices. for the water is very
deep and the owners fancy that after the Hell
Gate distractions have been removed the great
European steamship lines will see the advan-
iagrs Il having their whnrves Mt THIS point. The
Port Morris Land Improvement Company
bought this tract about 1868. when 1t was valued
at not more than 400 an acre. In 1873 II was
valued nj 81 GOO. and now II will bring about
$1,000 an acre: The only improyements are on
the works Of the Central Gaslight Company.
which has monopoly N this section OF the
many handsome residences. including those Of
Sndlier To the left is the house in which vii
liam Is. Ogden used TO live. the most imposing
private residence in this part oi the city. Fur;
Tier on Is the homo Of lewis G. Morris, and
German Lloyd-. The tract Is all high ground.
and Is very little improved, In 1873. without
any improvements. II would have brought $4,000
an acre. Now 800 an acre is considered
good price. Rapid transit will not be oi present
benefit 70 II, Tor the property owners Co1ect 10
improvements. preierring privacy and low
Further g tho northeast are. the villages Of
fremont. West Farms. and Fordham which all
expect to be much benefited 10y rapid transit.
CITY lots in these places are quoted AT from $500
to $500 each and cottages rent at from sl2 10 s2O
Il month. according to size and situation.
Property owners below Eighty-sxt h street on
The east side do not expect TO be benefited 10y
whirl Prospective buyers away beyond York
villc. Tn Hudson River and Harlem railroads
carry thousands ten or twenty miles into the
From Nincty-seeopd to Eishty-siNth street
between First and Lexington avenues. York
vile is pretty well built W. and there are COM
parutivcly few vacant lots along the line OF
Third avenue from Eighty-sixth street t. the
Harlem River. The east side, from lluth street
g the Harlem River Is generally well settled.
Brtwecn Third avenue and sixth avenue. from
l21th 10 l3Uth street, Is well built NJ, being the
choicest part Of Harlem. Between Lexington
and Finn avenues from Eighty eighth To l2uth
wne qr y Sr t' sb Sq%5oT Sna Tf
Kendall. Along Third avenue and cast Of II.
James Woo. o. II. T. Archer, and the brewers
crs of vacant lots. Forty years ago land on the
east side # the TWELFTH Ward was sold at from
s3o0O0 10 Hu0.00O an acre. and ii is now held at
about 80 per cent Of those values.
Without doubt. II is on tho west side that
property will be principally benefited by rapid
transit. Among the fortunate owners are the
i,hmelandcr Kendall, Carrigan. Aston, Carmen.
Douglas and David Wood estates. and John y.
Sherwood. Homer and Henry Morgan. VIM L.
jlslow Judge lngraham and Isaac /. Bern
The land from Harlem River 10 10th street.
between flfth and Sixth avenues, Is very level
and mostly upimproyc'l In the Tax ONCE this
splnstcr, VINO inherited il from her uncle Watts
Of the firm Of Lrakc 4 Watts. Thirty years ago
the properly was worth from 81 200 TO 81 500 an
h're' In lSi3 y was worth rs much lot, and
now i would bring from, 900 To 81 200 "A lot
- luft OF the Nheutlne Mott estate lies between
Eighth avenue and tho Hudson River. The
land rocky and undulating witt great patches
OF hrushwood. Twenty years ago land on the
adjoining Carmen estate wnS sold for 80 900 an
acre. Last year city lots were sold for 5000 a
lot, which is equal 10 $4,000 an acre As long
ago a. 1887, property in this region reached cN-
travafant prices in equcnceof preliminary
thr Hudson River to the East River.
- below HON street, ON both sides Of Central
lark, are large open spaces. The land is roll
ing. and IN many places rocky. especially on
the west side On the east side II is alternately
high and rocky and low and marshy. 1t is dnl-
cunt 10 make even rough estimate OF the val
ues 81 lots So differently situRted; but these
may be said 10 range from 5000 10 - 600. cX-
cnpllng those adjoining the Park in Fifth and
to 10000 each.
Between tho park AMI tho Hudson. rnpid
transit VIII affect real estate ~ lar south a.
tily-nnth street. This region IN the near
luiuro must ho very desirable for residcucrs :;
Tor On the east Is the Central Park with tho,
grand boulevard running from Eighth 10
fdeNenth avenue. and on the west are River
side Park and the Hudson. Ordinary lot- now
BRING from 81 900 to - JuO apiece. and Boule-
yard and other choice lots from 50 900 Ia $4,000.
During the Tweed reign IN 1874 u extensive
improvements were begun here and Riverside
ihrk lots were sold for from $4,000 10 SIS 600
apiece. You may now buy al you want for