New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-19
THE REAL ESTATE MOVEMENT.
pp1crs ARE GENERALLY ADVANCING.
.,v RISES MOST PRONOUNCED ON PROPERTY
IN THE TWENTY SIXTH WARD AND
IN NEw-UTRECHT.

tE
o' q, come extent in the neghborng cities. custom
a dccrccd that most of the moving shall be done
- NAV All until that date possession can be Slyc"
s but few of the occupied houses. Leases arc maze
oO5rablc on February and that is the date wheh
,ondIords determine whether they are going 10 con-
.Inne their relations during the coming year
Already thrc are Slight but sufficient indicauohs
J.. he noted of the range OF prices for the preScu'
sooson and the fluctuations, If any, in rents / "o
od,ction is freely made by real estate dealers ''
t,js will DO prosperous year lor INC" .,. +ho
They base their calculations upon TIC id'' '' 80
real estate market follows closely l'o "'""
neral bus,ress and that this has been renialNH"I
GOOD year throughout the country inns law 'N'
,sv Is bound TO assert itself IN lrooh!h'
A. ,bo same time no marked rise In prices except
y, fov instances is looked for In the oider se'''eu
neiahborhoods throughout the city rents anu P'0P0.'
yaluts will remain much as they arc N'"' .,ao
likely to go higher than lower however d "oI0
seems to have been no overbuildng in any one district
In fact building operations Just aoou' N00P paw
tho natural growth OF tho CITY,
There are two sections. however. in when SUD
,,aptiaI advances in vacant lots have been Hauc'
Dpe Of them is the Twenty Ward formerly
Fast Ncv-York and the other Is the SUBURBAN 'o"n
# w-Utrecht. In the Twenty sixth Ward 'he au-
vance in prices has been continuous ana He'i'N'
rhcrc are already three rapid transit lines running
,hither. one of them being the branch OF the Ohoh
-Ivated which starts from the foot OF Broadway and
no other the branch of the line which runs from
b bridge and Fulton Ferry. The third is the Kings
rounty road. which also has its starting point a'
rpton Ferry, and also connects Win inc b'l"so'
There is strong belief that this suburban quarter VIII
bo provided with still another line OF rapid transit
mining from South Ferry straight along AtanucaVc'
Ths will doubtless prove strong IN
duecment to settle there t. those per
sons of moderate means whose business pursuits
call them TO the lower end of NewTork city. VII"
these four lines. which can be reached rom '''o
METROPOLIS at four different points from the balcFS
n Twenty trdst.. the future Of the East Ne"-forN
subnrh of Brooklyn would appear To be well a"'c"'
Another and more central part Of the CITY VIII az"
he benefited by the construction OF the propose"
line This is the upper end Of the Twentyfourth
Ward which lies east of Bedtord-ave ana south oA
Atlantic.ave II is true that adjacent To Ne"-no'N
and st. Marks aves. cluster oil inc "aius'
residences in the city is 10 be found but IL Only h"N
small oasis in the desert of Its loneliness lHc'o
No bandsoncr "lay Of land" in the City OF Churches
than this section which slopes upward gradually rom
Atlantc.avc to its crest at the magnificent sackett
=, RonIevyd This th0roushfare, with its triple
roadvavs offers one of the finest sites for residences
to he found about New-Yorf. hut is now as deserted
az a country road. In every other direction tle me
% Improvement has passed by the twenty l"u'il
Ward and the impcdment 70 its growth Is u oe lo"""
- tbo steam, surface railroad. with its o5structins
fences. IN AtldNtc-dNt NllltH - ~ ''''
arv This barrier has hitherto repealed the uue oi
ponulation which is anxious to cross IT, But pA'
these steamca~s on viaduct over the street. ana tc
rroblem Of the Twenty fourth Wards prosperity VIII
easily take of itself
The New-Utrecht movement. which is now attract
,nr marked degree Of attention, is not only hghN
interesting from the proportions it has assumed Du'
t,o tho manner in which it got its first start. 1t
was not Brooklynites or even New-Yorkers who as
Covered the availability of this long neglected suburb
* a place Of residence, but party OF Phladeip'"'
who more than four years ago organized corpora
ton known as the West brooklyn Lana improvement
Company. They purchased a tract OF 400 acres u
land which they at once began 10 improve o, i",il7
l., ont in streets by lighting il well and by establishing
,.,nrvrorNs They acted upon the theory that the"
lard was nearer the business portion OF orK ON
,bo rhirtvnipthst ferry. the South Beach Terry Ut
tie other established lines Of communlcauoh Una"
rast New.York Harlem or the NewJeFNeY lows
wi4hin half an hour after leaving their homes ii c"
,.h, business men can be at their Offices IN lower
New-York. .,,- ..,.,,.,,- have
Tho original calculations Of this company nave
- t,,dantIv verified. Plenty Of actual settlers
80 como 70 their domain, and men OF shfe"oho's
and canital have followed their lead ana bought "P
.atacont lands -Four or five years ago the farms I'D
,,e ncchborhood which were used FOR market tdI",
ing. were worth $500 an acre and no more. lou"
,1 emo land is bringing $1,000 an acre. ana aloh-
Ray Ridge Waterfront "A''NN' go
eusive Of streets, ordinarily lald OUT ah ANY
nc1,des twelve city lots - by 100 feet II is pr"
- 10 extend the present Fitthave elevated r2ad
s0nr Third ave 10 Fort Hamilton anu III iii ~ I,,.
H nc 10 GIro0klyn bat more 30 70 New ,tA
div which is now the great ieeder 10 10 u''0''F
Those are m brief the causes which have lea 70
the urcSeut activity in New Utrecht real eotalc, la
e one NJ Gradual growth and te promoters LOOK 10
the future for their 'FRONT.' 9toS ~" - dIc 10 a
Shame 10 nut the Naval Hospital, ana later Iile
Navy Yard, there, on the siOIcs Vi W" ,s I.r,c
Thi, II was said, would enable the oWheIo 81 Ia'
ms ~ nrorcrtv 10 sell them 10 the Government al
3 high price and ali unnamed 1ohglcssIHdl "1 go"
Interested i'm New Utrecht real estate, ana prcsaD!
are I'm position 10 know whereof ll'y spedA' S,o.,
.,r,,nric reason, aside from the enormous expense
involved il would be scnsclcss dca lO iIc 'iVNcI
from the sheltered position IL nov 1,c.pts ,, 10 - one
where il might be much readily DESTROYED By an
&gno5g those who expressed their Views on the
condition Of real estate TO the writer Leonard Moody
lr-t vcepresident Of the new Kedl hsld@ hNC"l'-e,
who SAYS: The outlook foI the coming opTlhs
pro porous all around. There j. a considerable ia
quiy among buyers about poPert{ on ''e ,r 'rii,,
tendency The remark viii apply to the IIG'-
gect PARK section oi the city ana III. mn d St0
bedford ave section builders are nearly an soiu On,
IN those localities lots are expensive ana are bcoGh
Ing more 50. We are looking for lively r martc'
sixth Ward and in New-Uuech Lots that %ytedr@9
selling Tor al % SIX weeks are selling IOI r''y
to day. II will eventually become the finest part oi
the city for residences
y. p. Darling, who Is largely interested in real
estate in the Twenty sixth Ward. expressed his Vie"
on the situation in that section as follows: " IN
general 1t may be said that there IS advance In
prices over last year; that buildng IS increasing
from year to year and that the growth Of the ely
las been such that there are few unOccupcd build
ings. As rule We satisfied TO let our houses
at last years rates. During the last wears there
has been an increase Of nearly 100 per cent in the
price property in the Twenty sixth Ward and the
next two years viii not be any worse There are
lew vacant houses there, and people who come there
to live don't 90 away. The streets are snppIcd with
aas and water and the work Of paving is being p he'd
as fast As need be i'm the settled neighbOrhood The
new elevated railroad in Atlantic ave. will helm mat
tiers along still further understand that all Opposi
tlon has been withdrawn and that the constitution
OF the road Is assured. II viii be "A great thing for
Inc upper end of the Twenty fourth Ward 10 gel the
steam off Of the surface Of Atlantic ave. The Twenty
La l,,iI1