New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-28
NEW-YORK REAL ESTATE.
THE PLACE FOR HOMES is ABOVE THE
HARLEM
,r,,,oxs or , DEALER. WHO SAYS BUSINESS is
GOOD AND THE PROSPECTS FOR THE
r,tI TRADE ARE BRIGHT

OPINIONS OF 4 DEALER. WHO SAYS BUSINESS is
GOOD AND THE PROSPECTS FOR THE
FAIL. TRADE ARE BRIGHT.
| II il not possible to give expressions regarding
real esta,e in this city without giving the views OF
men who are dis,lncvely enthusiastic on the SUD-
| iect OF improvements north OF the Harlem River
There Is no doubt that many people seeking homes
are attracted by the offerings which come from the
beautiful and picturesque country embraced WITHIN
the limits OF the Twenty-hird and Twcnty-iourth
wards.
| The firm Of Hotang Co. whose offices are NJ
No 255s Third-ave.. near OBSERVATION-DISCLOSURES
eiehth-st and whose downtown Offices are al NO.
| ss Broadway, have had experience OF hiteen
wears as dealers In realty. vel as appraisers OF
values.
with reference to the market for the summer,
said Mr. Hotallng yesterday. as a representative
of the firm 81 never II better, and from pres
ont Indications ! believe We are going 10 nave
more active fall season thar We have had Tor many
years.
Speaking especially for the Twenty-ihlri and
Twentv-fourth wards. | might say that with re-
spect 10 renting. everything that Is offered Is ac-
cept.d ! might 80 further ana say that the ie-
mand has actually exceeded the supply. In our
Judgment we could rent more small structures that
would bring an income Of so to $40 month II
We had them This locality Is especially favorable
TO the investors OF sma. who desire 10 secure
homes In accordance with their income ana 10
capitalists who are disposed to make investments
In a similar class OF improvements IN the con-
hdence OF reasonable return FOR the outlay j" the
way OF interest
LAS for the selling demand. properties ranging
from 5000 and upward are readily disposed Oh.
Ue have two instances OF builders VINO erecteu
sixteen houses all arranged for occupancy oy
families in Prospective. near OBSERVATION-DISCLOSURES
nf,v-sixth.st which were sold within two months
af,er completion This demonstrates the eager
ness with which people Of thrift ana comior'ao'e
incomes seek investments Of this class. There Is
large demand north OF Manhattan isiahu LOT 'uou,
han lots at the rate OF $1,000 lot and upward.
The market has been exceedingly active ihdeed'
there have been instances where parties nave
nressed so strongly for the possession OF par
tcu,ar piece OF property that 1t has been d'meui.
m consummate the transaction. especially "he''
the were absent from tne cy vs,r have held
their own and In many cases values nave ~,
creased Every Improvement OF land individuany
wrSertaken adds 10 the value OF that parueuIsI
community. The population IN these upper, ,
able Class OF people. The thrifty now enjoys me
Inow,edge that he owns his home TINS IDEA mas
hmiI; I'M the west side OF the city northward from
Flfty-ninth to One-hundred- and-tenth-st win !ne
world can boast OF. and at reasonable COST and
with a value that is ever increasing with the
~rowth of New-York City. With q proper treat
mani OF the shores OF the Harlem Ship Canal In
manner calculated to add to its attiacsivene e
either for a wharfage or as manufacturing centre:
II must Inevitably tend TO build up this rnagnlncehi
territory lying the Harlem and the Bronx ana
extending FAR into Westchester County.