New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-27
NETWORK REAL ESTATE.
THE Development NORTH OF THE
HARLEM RIVER.
,pcr SALES IN THE TWELFTH WARD AMI ."
-,,- ,-rrrSrry OF PELHAM PARK


THE VICINITY OF PELHAM PARK
In the opinion OF many New-forK rea'
ar.r,s the most desirable plots Of land FOR inves
aee"'' 49, orc north of the Harlem River.
,-..o ,os hesn disposition on the part OF oroAe'S
T., o,,. instances TO bettle this property because
=, VIVA, seemed to be Increased advantages III ~.
Ing ground at the southern end OF 'he ls'ai.
,.I r Freedman whose office Is az NO |o D'o
,., has beeu in the real estate business fr ABOUT
tJ,s une g that OF selling and buying
I'D ul,hou, any idea OF discriminating IN FAVOR Oh
ar against any particular property coming INTO 'ns
market. ., g., ~.
upper part Of the Twelfth Ward" he SAID yes.sr-
day 10 a. Tribune reporter. We have an ioeA .hA'
there IS as much value in dockage on the canai
on the Hudson River or the East River front. lnefe
il a splendid waterfront there. and for Ordinary
use, this can be secured at a reasonable pr'ce
This section now being developed is that which
extends ENTHUSIASTICALLY toward Pelham rark As
we all know the city has secured in that region .
series Of parks destined to be the finest IN the
world Between Pelham Park and the Bronx River
Park there will be the Pelham Park Driveway.
which is planned TO be 200 feet wide This secton
Is designed to be one OF suburban homes. and. In
deed many OF these already exist With every ad-
ditlonal home the property is enhanced in vaue'
There have been many purchases Of large tracts
Of land Immediately adjoining Pelham Park. This
is true especially in the OF West Chester ~nere
hundreds OF acres tave been transferred within .
recent brief period of time. The purchasers have
not been Identified with the speculative classes but
are rather associated with investors. The judg-
ment OF the larger real estate operators and IN.
vestors confirms the position have taken in assert
ing that the section lying north Of the Harlem 10
the one which is destined 10 be developed moro
quickly in the next few years than almost any
other district within the city limits. adjoining
them.
A great deal Of good is being accomplished by
the extension and effective operation OF the trolley
ads. These bring the people into close communi-
cation with another at small cost. | may say.
in fact that the electrical railways have been .
boon to dwellers and landowners to the north
ward.
residential localities demands have been 50 constant
for the OF such properties for business purposes
vesors. Trade has not only reached but extended
beyond Thirty-fourth-st on the West Side. and
camille uses while Flftkave. IS gradually giving
over Is residences to be used stores all the way
been. also, much activity in the transfer OF real
estate for business purposes on Iexiug,on-ave. This
Above Central Park there is an indication OF a
Many Gr the .ens ar~.s
there through the efforts OF OF property az
been the lack transportation aciit.es These are
now being afforded by the rival lines elevated and
surface. and improvements are stretching forward
from One-hundrei-and-ffty-fft northSard sn,o
the Twelfth Ward ~
Il do not to express an opinion In regard
20 the rates IN the lower parts OF the city I only
know that the natural graduation OF investors and
home seekers IL upward and northward OF the Hud-
son and East rivers and of the sound Prices In
the vicinity OF Wall Street certainly very high
IA one ooks at the subject from the standpoint OF
investors -
There has been a slight lun n the real estate
market OF late respecting all localities but there Is
no reason 10 doubt that the demands OF investors
will finally the offers OF owners There a no
doubt. also that many owners stand In their own
light when. seeing that improvements going
around about them. and offers being made for
their property they hesitate too long and their 1T
lie holdings are passed by. while the greater hold
lngs are merged into some iarge enterprise"