New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-27
REAL ESTATE.
EFFECT OF THE BUILDING OF THE HUD-
son RIVER BRIDGE.
erxrp, v1Err,s VIEWS ON CHANGES THAT
WILL. RESULT FROM THE BUILDING OF THE
HARLEM SHIT CANAL

HARLEM SHIT CANAL
General Esbert L. Niele has been identiheo WIN
ire real estate business this city for neaF-y .
a century He springs from an ancestry "ii'V"
belongs 10 the SOIL indeed, he Is wihns 10 ~
his pedigree back 10 the Iroouos Nation ahc lees
very rroud OF the distinction II CONVERSATION
yesterday with a Tribune reporter, he SAID
Manhattan Island has been familiar 10 me u,
the line Of my profession. aside from my persona
relations to 1t. Cor period embracing a.
three fourths Of my lifetime Re" peop' "
any conception OF the existing area OF the ely -
New-York TopogrsphieaLy IL Is 90 o"s -" =. .,s
row that it is difficult 10 give ooffeV' uea "a
real merits To-day two-thrds OF the CITY d0'u.
al,v lie above the Harlem River The isianu "s'''
is mere fraction Of the city proper
General Niele spoke with much enthusiast" -
regard TO the advantages that VIII accrue " '"s
nroner;y north OF the Harlem River as result Oh
.ha onening OF the new Harlem ship Canal He
is M, one Of those who believe in the cosins Oh
,he river and spuyten Duyvi Creek IN ofoei ~
secure the benefits OF the reclamation o. the id''u
that would thus he acquired he poih's 10 '"e
srlendia sizes that nave been made on 'ne SUM
front o. the Harlem River by the Astor estate II 10
nroposed according TO General Niele's statement 10
-, us,.rtronts along what is eventually 10 DC
thu Harlan River Canal. and the properly Will
n-oha blv be e,oted 10 storage warehouses as wen
as Wharfage facilities for mouiders oil l!o" iu"Oe
dealers and br!ckmakers IN that he.s"oo' -
General Vielc believes that in the course o. NV
wears the Harlem River will he narrowed oo's'u.
ably from its present width. ara tha' "s o'''"
viii be studded with manufactures and mat 'he
commercial value ~ privileges on INC ""'o'
will largely increase ,a,
Work on TIE Hudson River Bridge has a!Teaoy
begun and the effect will soon be mace mah"es'
sad General Niole He added: "Ihere VIII ue
distinct division IN time 10 come al FoTy-se0o'o,'
as the clty's centre. The peop.e VIII begin 10 pas
haio EorfV-SeCOnd-st
northern districts as a residential centre as ids' ds
they can get away Meanwhile these sections VIII
be devoted 10 commerce and manufactures. IL -
likely that within few years the region oe'o"
Forty-second-st viii be a disagreeaole secHo" ~
occupy fo~ homes. People can hardly conceive o.
TIE importance OF the transfer OF the sreat station
cor the receipt o: Western traffic from the vest
.iss p, tho Hudson River to the east side doubtless
at or near Forty-second-st. and the changes N'''
will .,l,ow tho construction - this bridge
We lose sight OF the :lc;. II discusS.hs
.ho immediate future OF real estate hefe'
that New-York is the great commercial man, man.
:ai and mann paris Berlin ar, ali great
world centres but they merely the capitals o.
e nos a. arre as the United states and many Of
the States OF Europe are quito INFERIOR - ''''''
'"rss Har;em River is actually below The centre
O. the southern area II was me norhotH NM "a
the city only few wears ago properties gave Sos"
Is, north OF there recently for 4 large sum l &c
lot believe that there will be any nes''aa,on on ,h
% nsw seId by Investors there grown
much more vaaasle w aonnet sne Win The river
which are Of increasing value for commerce ana 'o
Il, is more than quarter Of century since
there has been any Wildcat rea.-es'ate speE ,sI
ton in New sl on real estate IN connector
Win the develor:ne that has taken place mas ii:
rse ei asainr, " c soe.uave period that ha
ever been known