New-York tribune., 1895-08-13
NEW-YORK REAL ESIAIE'
p,rSrY OF ROOM FOR HOMES IN THE
UPPER PART OF THE CITY
onvor,s INCREASE IN THE PRICE OF LOTS ~
HARLEM CAUSED BY INCREASED fA0"

.-oX-s ,vcpr,sE IN THE PRICE of Loi' "
, c,rsrp BY INCREASED FAcil~
rr1rs FOR TRANSPORTATION.
-. ole,cult,es associated with
tho sanitary regulations Of TINS cls " a,,ortable
~ ~ ,,.,h,,on Of its population IN co"''o ~ =
hnes has been the nigh price Oh '' ,,,,os
nscossarv encroachments OF tade upo" ,aor ,hon
,,.aho for the building OF houses. w ie eoro
.h,r,v wars ago the present site Oh "" o g
Garden at wenty-seventh-st' anu work
,,oa nv the passenger station OF the -'e 49,
r,.,, p,tlroad Company. The Hra"u ~"
., c,at,or was not finished until le' J." ~.
d,vs I, was possible for the artisan '"e O,.r a
and the clerk with moderate incomes ,.,,o ~
home in the village OF Harlem then
anal, frame cottages or more pre'e"''ou'
constructed OF wood ..,.r oc,Iit,es
..,ord tho land increased In value' anu III
obedience TO the desire to make money iise - -.
hers Of well-to-do people disposed vi 'ie, :.
az from 100 to 200 per cent pront anu oe'e
tnev were acting with clear foresight anu "suo m
~ navy Instances these properties were pought Wy
49,. -, .,,.,o-s and investors OF large means. VINO
- a,cura,.lv measured the advance whicn was
.. y. real,zed IN the near future and for WIN"
,hcv could we'll afford 10 walt some Oh 'he 80
homes OF "sauatters'' In the region KNOWN rs e
town. are In existence MANY p'
so,d their property at what seemed 'heh '.'''p'
nront have witnessed tnc uhShes
sulted from the improved transportation iao''.e'
,,c,arIv the building OF the elevated railway sys-
tenn The multiplication of values mas oesn ~, ri',
NOUS There ls however. plenty OF space aN"'
for homes only a short distance oeyo"a ''o 'iN
lem. e,.. ,,,o,,h
=. has for fortv-seven years been one or the prom-
nent bulders as well dealer IN real estate o''
the entire territory between Fourteenth-s'' anu III,
Harlem River and Spuyten Duyvh Creek ne S"'
yesterday to Tribune reporter;
"r have observed in The Tribune many interest
ing articles on real estate within the last ten Gay =
They nresent a proper and conservative view as 10
what is 10 be the early future or New-forK hones
for the middle classes II may use the term "'uu'e
class A better term would be the c'asses tha' We
hope will live in this great city when IL reaches
nonu,ation OF two or three mons-namely the
Industrial classes. noticed an article IN Inc Suhdas
Tribune quoting a man so well experienced In real
estate as John d. Cr.mmins. In respect TO crowding
a number of families into apartment houses doins
away with the privacy and individuality OF 'he
household 1t is sensible view which ne gave eX,
preston II is to be regretted ina, lnu.o' r is
are compelled average the rental incomes from
their houses at the END OF the g year ami rents
the dishonest ones. who have faiied 10 pay 'he''
III young people looking out for homes for the
future could realize how easy 1t is TO OBTAIN money
become the owners OF small and inexpensive homes
thereby paying rate of interest instead or
rental from the saving between the ,nterest anu ,,
renta. they would soon discover that they could C
pay off the mortgage and have their homes wholly
unencumbered. ,,
There is a large section in this city. lying Just
north and OF the Harlem River, where land
can be purchased moderate prices. and also or
the island itself between Broadway and the Hud
son River south of Spuyten Duyvl Creek. at prices
that are wit hin the reach of ordinary mechanic
The only way that crowding into tenements OF
apartment houses can be stopped Is to educate the
people. as you doing In The Tribune. 10 own
their homes. Any piece Of property purchased Will
be worth unauestlonably. double the cost price
within ten years.
IAN uptown builder who employs A good many
| men, stated to me that In every case where M ne
come the OF real estate he had done so, and
found that 1t had increased their love for the city