The sun., 1900-09-16

Staten Island Ia an excellent illustration Of
these requirements. For example. the settle
ments In and about st. George. Livingston
stapleton. Clifton. Tompkinsville. Snug Harbor..
West Brighton. Port Richmond and Prohibition
Park have every improvement. including city
water, electric light and gas. and the streets
are legally opened. graded. severed. paved.
gutterei. curbed and tagged Yet In these
communities. although there ara no special
assessments 10 fear. lots range IN price from
81 500 in the best residential section Of ST.
George reached az fve-cent fare from Man
haitian. tn $500. Houses containing
two or three rooms besides pantry and kitchen
on the 1rst floor. four bedrooms and a bath on
the second floor and one or two rooms IN the
attic rent at from $40 and t72 10 80 and soo a
month and sell at from 81. 400 70 s72O0. Private
houses Of this description have lawns and fre-
auenty fruit, while shade trees invariably
line the street. Houses surrounded by four
or Ave acres In fruit and lawn are common
along the Rapid Transit Railway. served a.
Communication rates equivalent 10 q ten
cent fare from Manhattan. and may he
bought az from $500 to 500 an aore Along
the trolleys and nearer the centres OF popula-
ton similar properties cell at from $50 to 81
500. Farm land In the interior brings 800 and
$500 an acre
These prices are exceptionally low In visw
Of the natural and artificial advantages offered.
The churches and other institutions, embracing
every important creed and party. have psssed
the period Of debt and struggle for existence.
and society Is represented by clubs which enjoy
the prestige OF long traditions oi exclusive
ness The ocean views and inland scenes the
bathing and fishing and an unrivalled road
system appeal TO the love Of nature and the
taste for outdoor sport. The transportation
facilities. including ferry and steam and trolley
railways. is cheap and adequate. the farthset
part Of the island being accessible In an
hour from Manhattan. and the fare bcing
five cents across the water and five cent?
more inland. Under these CircumstsDoes
the explanation for the low prioe OF real estate
on staten Island will have to be sought on
purely technical ground A high local rate
OF interest on mortgage loans causes fee vslues
to remain low Down TO consolidation
the island maintained an independent eIistenoe.
and the local banks made practically all thu
loans. the rate Of interest being a per oent.
Since consolidation the island has come inc1eas-
ingly into notice with Manhattan capitalists
and lending institutions. 80 that the rate dur
ing the summer may be said 70 have bean ~
duoed 10 per cent o n new loans and 81 pcr
cent. on renewals IL Is evident therefore,,
that Richmond borough La approaching period
OF active speculation. and that apart from
this prospective influence. real estate invest
ments are meantime certain 10 rise in value.
owing 70 falling interest rate
George F. johnson Sonshave sold ne Shree-
story brick and stone dwelling on a lot 5Il0Q.
on the east side OF Kelly street 100 feet north
OF l5eth street, 70 q. Z. +. Cordes, at tl2,5oQ.
Henry ID. Wlnans a May have sold No
West Eiehty-seve en- tn street. f1ve-s story Ameri-
can basement dwelling. eighteen feet wide;
for Mrs. Phoebe p. Knapp, No. 5i West Seventy
second street. a four-story dwelling on lqe
26xiOO. and for Francis D. sohnuss the private
residence. eighteen feet wide. at the intersection
OF the west side Of the Boulevard lafayette
and i5sth st eet
Ralph II, Reid the three-story brick dwelling.
is9x9o.ll. No. 2+6 West l2ath street, and has
resold the same TO . Mr.. HAYES,
Timothy Donovan has sold for Improvement
TO Jere O. Lyons the lot, 5Iloo. on the north
side Of isAth street, about $50 feet east Of L>noE
avenue.