New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-08
pRIGHT FOR TUE HOME CITY
OUTLOOK FOR BROOKLYN REAL ESTATE
Is ENCOURAGING
,,orlRIEs INCREASING AND REALTY MEN DIS
CEENING \ MARKED IMPROVEMENT TO
FOLLOW THE SUCCESS OF THE
BOND ISSUE.

FOLLOW THE SUCCESS OF THE
ISSUE.
IT,. success OF the bond issue has led to d feel
tho among the real-estate men that the coming
so.lng will show a decided Improvement in realty.
For n long time past real-estate men have com .
lain.I Of a stagnant market Much time has
hean spent in speculation upon futures. and with
many zine has hung heavily. But now, they say,
che situation has every appearance Of a healthy
chang. During the last few days more in
opries have sprung up from possible inves, oys
and. according to the statements made by several
rsal.estate men yesterday. quite a number Of
Xew-York people have crossed the Bridge in
quest II homes and also investments for future
sale.
r. y Moody OF the firm Of c. y. Moody & Co.
I. one II the rcal-estate men Of this city who
,oke an optimistic view Of the coming spring
.od summer business. He said yesterday: I've
have had d little more call lately for property
mostly for trading purposes. Everybody had
s.an awaiting the result Of the big bond issue
.na now that it IS shown that people have
,,eat deal Of money laid carefully away the out
i,ok from our point Of view is excellent. There
have been quite number OF calls for lots to build
upon know Of five houses that soon to be
bult in one Of the good uptown districts Trad
ng as a rule. is in business property. such as
iots for apartment-houses We have deal on
hand now aggregating about 100000 which is
likely q 90 through very soon. We much
pleased az the outlook IN The new Twenty ninth
and Th.rty-frst wards. There is excellent in
ouiry r acreage property as well as lots. III
fact, W feel quite encouraged on this score.
do not want 10 be quoted as saying there Will be
a great boom in real estate this spring in Brook
lvn. for that would be untrue. Ii will no doubt
take fully Q year TO equal the trading done two
and three years ago. l want to impress, how
ever urln the public that realty men have more
confidence since the success IF the bond call We
will - along this spring in a satisfactory ana
healthy state but look for great deal better
busne next fall.
IF the consolidation bill passes there IS no
doubt i'm my mind that values IN our city
will DE increased from 20 to - per cent. Consoh-
dalton Will mean improvement and the pro-
gressive well-informed citizen Will tell You that
a number OF people who would otherwise have
zone T. New-Jerscy Will come 70 Brooklyn in
stead. The new bridge will Of course be an i'm
portan, factor.
Mr. Moody referred 10 the proposed Ne
cbau.cs Bank az Court and Montague SITS.
as An evidence Of the revival In building. and
Mntea that he knew % several other buildings
which had every prospect Of being started be
fore very many months. Work on the Me
chanlcs' Bank will be begun about May !, aud
the big ten-story building will no doubt be
finished in a year from the date Of its begin
mig -,
Leonard Moody considered that the outlook
for real estate in Brooklyn was never bettc'
than az the present time. Since the anneNa-
lion question" said he was brought TO
roint which consolidauonists were led TO De-
ileve would be successful and this taken IN
Connection with the assured success II the bono
,ssue there has been brought about marked
assurance If revival. and these two facts nave
stimulated more than anything else signs o.. d
rs,urring activity. Now want to tell YOU OF
what 7 consider remarkable fact We ma
had great many calls from New York people
for Brooklyn property. not SO much lor sPHCun,53
tion verhaps as for purposes OF actua! quiz
ing We have already rented 70 several NeW
York people. and are consicer.ng PROOFS, a. q,
daily from others Those inen want MONIES -,
Bro.klvn and they sae in their remoNal aVIv0S
the river not only less rent 10 paw but iAisv'
area 4 living room. and in the future as a. e,
cess 10 their business in NeW-N orK. IneIe i
roing 10 be more or less building THIS spring