The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-10-31
HOME BUYERS r ABOUT.
NEW CUSTOM Frs o BROOKLYN
real Estate BROKERS.
Who EToct or trolley Car, On the bridge Felt
Aircndy-Chnnces In BroeLiJn for Men or
Moderate Means and Mechnnics TO Buy
Their Orn Mnmea-In Other aectlons,

y ~ hhNNt - hEUiNL WIT Ou ~ hhtNs
AIrcndy-Chnnce In BrooLiyn for Men or
Moderate Means and Mechanics TO Huy
Their owe Homea-Jn other Sections
Although the work needed to enable trolley
cars TO cross tho Brooklyn Bridge is only just
begun, people are already looking ahead to dis
count tho effect which improved transporta-
tion will have on real estate values over In
Brooklyn home districts. The real estate deal.
ers of Brooklyn have been fora yoar or two doing
a very moderate business. No business men
felt tho hard times more than the brokers
IN real estate, and ms this fall CANT on
with its exciting canvass for the Office OF
Mayor OF tho Greater New York. they were In
clined to look for no noticeable Improvement in
either the number OF renters or the home build
ere. AS an indication OF the staGnation one had
only TO look ut the advertising columns devoted
to real estate in the great newspapers during
tho month of September. One dealer told a re.
porter that the space devoted to advertising
wildcat Klondiko schemes was at one time
greater than that devoted to tho sale Of real
estate in ali tho territory of the new city.
1t was only the other day that the lOng.consid.
cred scheme for running the trolleys as well as
che elevated trains across the big bridge was ad-
vanced sufficiently to set men at work to lay the
rails, but the effect. as shown by tho reports OF
real estate brokers, was instantaneous. From
the first day that the newspapers announced the
beginning OF the work now faces be AN to APP
peas In Brooklyn real estate offices. As n mat
ter of fact, most of the new trade came from
people OF moderate means who had lived in New
Jersey and Now York, and were anxious to take
advantage of the quick and comparativ ly
comfortable transportation to be found
oye- the river. They were wage workers
looking 'or Hats within thirty minutes or so OF
NV York CITY Hali-pcoplc to whom the five
cents daily fare on the bridge was an item worth
considering. y reporter found dealers who had
observed so many now faces in q week that they
were constrained 10 ask the people where they
cnmc from ana why they were coming to Brook
Ign. The numbers of people 30 questioned
ranged daily from fifteen to fifty, according to
the dealers.
But along with those looking for places to
rent cam u considerable number with bank
books who were willing to buy homes. These
being commonly more thrifty than renters werc
in almost every case influenced by the fact that
they would be able to travel from any part of
brooklyn to New York for one hve-cent fare.
cause of these facts occurring during the
height of u political campaign the real estate
men OF Brooklyn are looking for a good increase
OF trade during the month of November.
In talking OF the home buyers who invest in
Brooklyn. u dealer. who for thirty years has had
an office facing the Brooklyn City Hall, said:
Eve have here what YOU may call four classes
of homes. On Clinton avenue, Eighth avenue,
st. Marks avenue. Washington avenue, and
Hancock street are the homes OF very rich men
millionaires in many cases. These localities
in some way happened to attract rich men. and
oae ri h family attracted another. 1t will cost
from $50. 900 up to get a homo in these select
districts. and they are strictly frstclass homes
in the choicest neiRhborhoods.
Another class Of houses may be had for from
$50, ZOO to $4,000. These are found on the
outskirts OF those mentioned as the homes Of
the millionaires. and thero Is a whole district
east of Fifth avenue and north Of First street
the Prospect Heights district-where houses Of
this class completed and vacant lots abound.
"For people OF still more moderate means
people with an income OF from Sc. 900 to $4,000 a
ycar-you can find good houses north of Atlantic
avenue and east of Court street. These arc
convenient to the ferries. Another region lies
east of Fifth avenue and west Of First street.
Another is what you may call the Bedford dis.
trict. ANY man with $1,000 a year or mora
can find in these regions a home perfectly suited
TO his wants.
Tin the last class to be considered is tho me-
chanic, who gets 50 n day. or thereabouts. and has
saved, say, $500 or $500. 1t is a most important
class in the minds of builders and dealers. Too
many of them are living in when they
might become home owners and enjoy life much
L ~ oppo IN h~ASN W 49, sNStA
arc the most attractive in the city. II one will
buy near the ferries, let him go between Allan
tic avenue and First street, west Of Fifth ave
nue.. Here are a plenty of houses at from $1,000
to SIS, ZOO, and he can pay for one out of his
waccs If he is thrifty. He will have for his
neighbors men OF his own station in life. and he
will find some of them owning more than one
house. man will nrefer m 90 furthe,
away from the. river and take chanccs IN tns
Values is better there. A lot 2OxlOo feet may
be had for, say. $500. and a good house can %
~ mechanics usually build their houses to hole
their own family with another, ana some quiz
three storiGs high and rent to tw Gbr r"n nnst Of th I,
property. In fact y man has only to SIT dowl
and figure out the , cost C +. @ 0t rent sa, a f bnme .e .
his own instead OF adding to the income Of
landlord. Within a week plans were MED 70
con,modate two families each, the cost Of eacl
house being but 81, 900. In Tho came perio'
Soc cach. These would be excellent houses
Ono may buy very good three.story woode,
ifihsy are preferred. Houses q this class wer
never cheaper in Brooklyn; Times have bee
S sE,ilc and mdrs are can Gu maze peT i r na man WIN only
'"How many rooms are there in a two-stor
brick house costing $4,000
mime or ten, aud the houses Will % fron
eighteen to twenty feet front. A good neighbol
hood is easily found for a house OF hat pric'
700
"How about taxes 7"
Houses in Brooklyn are assessed at abou
twu-thirds OF the price you must pay for then
Al the present rates n man who buys a nous
for 81. 600 must pay about $50 all told n year ]
taxes, ana you can fix the tax rate on any nous
from hat. a,
lin what part of the city do you expect tn
largest increase in selling value when the goo
times return T.
"Nou will lind that dealers will differ some
what in their opinions in that matter because T.;
their varying interests, but any mel who WI
think for himself can determine the matte
closely enough for profit. 1t Is certain, Tor J
stance, that good transportation facilities VI
add value 10 real estate that Is now calie
suburb N, How long !, 1t since property on tn
side of The park, right On Eighth ayenu
was sold by the acrei Tie horse RAILROAD
were the only means of transportation wine
that district b, gan to grow. But now with u
electric troilcys you can travel from 18th ,Beat
or BensOnllurst To the City Hall. New York.
forty'fiye minutes; you can reach II from VI
Fiatbush houses in less time. Sou can trav
from the City Hall. Brooklyn, to ManhattI
Beach in TWENTY-FIVE minutes.
"The trolley companies OF Brooklyn are full