New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-15
NETWORK REAL ESTATE.
DEVELOPMENT OF THE UPPER TWELFTH
WARD.
PROPERTY Is IN INCREASED DEMAND AND
BETTER FACILITIES FOR TRANSPORTATION

PROPERTY Is IN INCREASED DEMAND AND
BETTER FACILITIES FOR TRANSPORTATION
WILL ADD GREATLY TO THE POPULATION
The upper Twelfth Ward of the city, which lies
between the Harlem River the North River ana
spuyten Duyvi Creek. and including what is known
as Washington Heights and the old Fort George
promontory. is a section of the city which is at
tracing the attention Of real estate agents ana In
vestors at present Any one familiar with That
locality can readily fancy some of its possibilities
in the line OF future development The estaoish-
nent Of the Cathedral Of st. John the DIVINE at
one hundred and tentn-st and Mornngslue Di'Ne
has been denominated by a wcll-known Gen'icniah
not identified with the Protestant Episcopai church
as An insp,ration OF tremendous effect 10 advance
the growth OF New-York northward. Al presen.
the wealthy element has followed fifth-a'o an"
Central Park East far UP into the neishpoih vi
One hundrcdth-st FOR the establishment OF pa'a'''i
homes This movement has led In many instances
10 the abandoning of mansions within 'ne as' sco'e
~ vears from a point far south as washington
Square. ,,
The territory living northward from Cathedral
Heights also embraces the magnificent SITES Oh
Columbia College and St Luke's Hospital. There
are many auxiliaries necessary to the iui oe'eiop
ment OF this property. Chief among thesc IS 10
make the locality more easily accessible 10 oo"n
town districts. This will be supplied, OF course an"
within reasonable period. through the en'eip'ise
of transportation companies Persons faniiiar WIN
this upper district have been surprised at the rapid
ity of its development with the limited faci'es al
ready existing.
j. Romano Brown. the weE-known real estate
broker at No 50 West Thrty-third-st. VINO mas
been a representative Of some OF the largest opera
tons in realty In this city since >sS ana Is ga
ceptionally familiar with the section embraced IN
the upper Twelfth Ward. said to Tribune reporter
yesterday:
With respect to real estate north OF Nest o"e
hundred and forty ffth-st and between inc Ha''e
and the Hudson rivers, Will say that the ihcle~scu
value OF property within that territory depends en-
tirely upon the transportation facilities that shan
be afforded to the residents there. 1t is necessary
for the majority of landowners and the male popu-
laton OF the district TO pass DIS quickly as possoe
between their homes ard PAGES OF business down.
town. We are provided with only two arteries
OF communication for the entire district. one OF
these lines OF travel consists Of railroad which
provides requisite facilities for reaching the East
Sde and thence by connection enabling persons 10
go southwark. If we can secure line which VIII
trict 10 reach the West side We can attract for the
district north OF One-hlndreian nifty me
that part OF the territory extending northward on
the West Side from Fifty -nlnth-st 10 One-hundrcd-
II DO not mean to speak hopelessly. but viii
coming We cannot expect immediate or even early
Improvement 1 believe railroad extending north
boulevard to Kinssbridge Road. whether such line
should be operated by either cable or trolley sys
tenn would quickly add over s0oooot0 10 the taxable
value OF that property. II would afford immeas-
urable RELIEF 10 owners of houses there and attract
thousands OF newcomers.
Generally speaking l regard the real estate mar
ket the present time not only finn, but strong
with a good demand for desirable plats at a fair
advance the original cost. We have noticed
fair increases in prices Of property sold at auction
over three. or four years ago But what we espe,,
ciay require in this locality is the opening OF
more streets south Of One-hundred ty-first
and their early grading and paving including. OF
course thorough sewage system Fo. instance. II.
in that section lying between One-hundre1-and-
s!xty-nirth-st and One-hunGre second
81. Knssbrdge Road, the Boulevard and LAFAYETTE
ave, known the French Boulevard the streets
In proper order. the owners would improve
their pla;s at Ir every instance where streets
have been opened and put in order the improve
mems have promptly followed. thus increasing at
once to a considerable amount the taxable value OF
the property. As illustration. let me point 10 a
single locality viz. in One-hundred- and sixty-sec-
ond-st.. between Ejgecombs and ST Nicholas ayes.
Lots which only a few years ago, before improve
r1ents were made were sold at $3.50 cannot be
bought now for less than 5000 each"