The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-10-16
REAL ESTATE NEWa

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I",od from The Bronx have again directed
rI'y,ior 10 the present condition OF Affairs in
NoT-ortv.third and Twenty fourth wards.
Wv .,,n tho mat four weeks several sales OF un-
WV, ,nterest have been contaminated there.
We ia n fact calling for great deal OF solt-
'u,o,ulation to the people OF these two
eonsi that these i'm portnnt transactions have
N.i ,hsir inception and completion to the
0"VS ovid economic condition OF things In the
Borough Of The Bronx.
lumber Of conditions have combined to
- things to such a pass there that realty
ling I, no longer speculation but desir-
pInv.s,ment Perhaps chief among these
"o .i,tops /. the extension and botterment OF
eS,ror,,tion facilities. The continuation OF
.v,ted road with the extension OF the
sr..c.nt fare on II to fremont has maze
n.ossihs the property lying along it and near
:, and has caused an enormous amount Oh
bnildng in the section.
Th. introduction OF the transfer system from
,.o,eynted to the surface lines OF the Third
,,on,e Railroad Company. whose control OF
Uuck cherry system gives 1t a prac-
,ic, monopoly OF the surface roads IN the
,.roucb ha. Increased the ease with which one
..a,sl from, the outlying districts to City
n.n .nd has resulted in the development OF
tina two wards which had to that time
hddorman'. ,-,,,.,
.,.,io, ia assured when the Manhattan Rail-
,yTonpany secures the consent OF property
nars N extend its Third avenue line to Ford
h,a, The completion Of this extension VIII
lad % increased building in the northern SEQ
,i,r ~ m. borough and will probably induce
,hs Third Avenue Railroad Company to con-
.,rrct cross Ines to accommodate the residents
h.,u.sp the elevated road and the New YORK
|a,,-oIIire along tho Harlem River. So far as
,beou-stion ot TRANSPORTATION Is concerneu me
Tronx is well enough eGulppca l" in''te rea'
e1 rhs noturaI advantages Of The Bronx are
p,rtcuarly numerous. Among these tne most
attractive 70 the % ss4 s ."s f nearly
IW1" arres OF land Tor aboat S9,UOO.OOO. and
the wisdom Of the Investment Is prohEeu 10y
e 9c, 'hSt the ''Ih a ah arrest re- Of the parIs is
i l.hS Hn' Bsy Park consisting Of 1900 acres
VIII frontage item mss on the , Waters w IF fhS
ia i32 acres The old Van Cortlandt manor
house. the parade grounds and Mnshlngt"n
bsdpuarters tn. ola lndan P,r nanssts of
vi acres otil OF which have been devoted TO
The New York Biological Gardens The Botan-
irn, Garden 10 also located there J.,
Tho system also includes lrotona, fark IN
which are the borough buildings. Claremont.
cedar and St. Mary,s parks ,o, ,,.., .,i, ,rL
svst.m ia bound to rlay an important part; IL
provides against the danscrous overcrowding
bic in mnGy 'S who6 Oh ia obtane
only through park construction such az mas
been introduced in the lower East side. ana "
assures for generations to come the unpoiiuted
Air and light 20 necessary to health. 1t is
doubtful II the equal Of the park system OF The
mother factor in the development on the
1wenty-thlrdi and Twenty-fonrth wards has
b en- the attention devoted to the opening and
systems There has been no delay in opening
streets where they were needed and the depart
ment has made it point to see that all thor
oughiares are kept in good condition. The
mistake II putting in sewers and water mains
large enough for present purposes. but too
and the system will be equal to the necessities
for many years.
The school system ia also well developed.
tons and the grammar schools are not over
crowded The high school at Third avenue
and l5sth street and the University, OF New
Of advanced pupils.
The facilities offered to business enterprises
q nearly every kind are unrivalled. The Bronx
With the Harlem River on the west and south,
and Long Island Sound and its approaches on
land traffic is provided with miles OF dock
room, This condition Of things is as yet IN
exnIoIted. but as the value Of wharf property
increases IN Manhattan and the tides Of popu-
Iation and business turn northward to The
BRONX the value Of the immense water front
w,il be appreciated and advantage taken of j..
The wards are contngen to two great rail-
rSsa dn nes; making tHrtheT nroSson Tor hns
YoE Nsw haven ana ana
leased lines penetrate and intersect The Bronx
Competition is thus established and reason
more valuable in the old city the outlying dis
tycts viii see the establishment OF grea,
m manu- o5 apd c9mmsrea enterprlses Of
trans. Harlem districts will not be the least
favored Of these
Every present condition in The Bronx ia nm
Assurance to investors OF all classes that
money placed there will in the end yield good
returns The physical and financial conditions
meu, who realize the Importance OF con-
serving aud lettering them, The North;
bG sSsfa men % m 90
rrovements to the various city departments
aud zealonsly aiding in every way the develop.
nsnt OF the annexed district.
The following extract from the Construction
ANrs OF Oct ii presents in comprehensive
manner the present condition OF the building
N.ne throughout the country:
Bullying operations in the ty'leading
CITIES Of the United States during the month OF
C oe,HSsr shqw gain OF sper cent over the
h. increased cost OF building. however has
hren steadily reducing the large volume oil
tons Of the earlier months. This dscreaso in
Iae gains made during the first half OF t6s year
Ser "1!i .ins,Tated by the operations IL
showed an increase of.6G per cent. over the
.pratDnS fpr the corresponding period OF last
year The August gain, however. was only "a
yer cent. and the September gain Is hut per
rem. tseems difficult to find other factors oil
ssyuihelent inheritance to cause such n slump in
NE latter months Of this year. particularly
Nhtle the country Is ENJOYING such a mark ed
GssIee q prosperity in nearly. all lines OF bust,
The increases Of the earlier mouths OF ism
Ire SUI maintained PittsburC Is reflect.
ng me conditions Of the iron mark 81
~ large increase in building opera.
,nons ami Buffalo and Toledo are beginning T.
S sri the stimulus OF their coming expeditions
S S.n building evidences no depression. a.
na{ De seen from the statistics OF New Orleans
snl Atlanta, and Cleveland and kansas Cit
S Sso malntain the gains Of the first half OF tn,
yrar Inc total expenditure In the twenty citiel
r,urlng September was 5.672. 800 as com
tt Srn with Sl4,453,2Sl for buildings started
ouit.ng ne same period OF last year. The rec
II Ss 'or Septemher, 1890. and for Septem Der
4"o are given below:
- $780, - 1895. - Re