New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-22
REAL ESTATE INVESTMENTS.
Within the Reach of Small Capitalists by
Cooperative Methods.

The characteristic feature of real estate opera
lions for the last few years has been the orgauza
ton OF corporations for the special purpose OF de-
veloDing and investing IN real property in and near
New-York City.
Two principal causes have brought this move
Heut about First, the enormous capital required
Tor modern operations In New-Yorz realty. which
has outgrowc the capacity OF most I--Vllua. ouer-
ators- Mos- men are attracted boy the dazzling and
Conspicuous epei2lloIls Whlch reqlTe capita. Pc
yond The limit OF the ordinary individual But for
one man who Is pecunarlly competent 20 undertake
these operations alone, there are score who
venture Y this co-opeTati.is many advantages
1Inproira5ig The reoIired s.-srp ee i-cor1s Is Sc
secured the joint effort OF large number OF per
sons 70 promote the success Of the undertaking
The risk Is divided and tie profit made more GER
second vitality important cause Of the coop
eTatIEe movement IS mat through II t-e Investor
the advantages of security ana income without III.
Disadvantage Of individual ownership Property
Endorsement and delivery Of the bond or Of the Ger
uacate OF shares and as al titles are clstomaTi-y
srt5 lnknoTta facility ana without the delay ana
a consadeIa2-e proporlion Of ne 1Tn3orLanJ rea!
by such corporations many o5 them having 3ea2
organized 70 90 a genera! business IN real estate.
creased materially the YATES OF properties within
iished new STANDARDS Of vaIue as well as i'm parted
new stability TO values previously disputed. But,
period OF rapid DEVELOPMENT and unprecederte9 IN
creasin values which offer the best security in the
world for the guarantee Of permanent income. The
this new period Of activity in the growth and de
veloDment Of the city, and pointed out TO prudent
reward Of their provdent foresight
estate IS furnished 9y me belniont sgropeTJ.es;
which have been under development ror several
pany 10 4sg Fifth-ave,. mis- city. a few years
ago this property was farm land. traversed only
Of a new business section. a boulevard 100 feet in
width, extends through II north ana south ana II y
traversed east and west by a broad avenue extend
Ing from the Hudson flygr 70 Lc2nk SAND 5qunos
these main thoroug fares. including an all night
irto existence buildings for business purposes
have been erected. and me munlclpa5 authorities
rartment upon the properly. which indicates the
bubble opinion OF the business future Of this To-
caIiiy Residences are sprtnging INTO existence ali
about. and in this way new community mas -oIn.
into existence. providing for p2ruon ~ me l5nop
people who are annually added 70 me population
per cent. due to the increased value Of the prop
si!GIe rsai estate Investment for small sums
wishing 20 look into the methods or tn-s company,
fun Information viii be furnished on application AT
ofices No. 4S9 Fifth-ave Eew-Eor6.
From every quarter Of Ne7y-hoTk ,-ty the real
estate records gather intrllige'ce or the steady
nd uninterrupted rise in the price Of land in
places 49, ~, fig11res in Of hers leans ana
bounds thar are almost stariaa ms patio Or m
from causes that are not always apparent % the
llnirittated For instance. il IS said that West
cbarer lots have FOR some time been Increasing IN
,-1i,,s A. the rate per cent year. Along the
line Of The subway. IL is estimated that values have
iIrrease within the last year at least 90 per cent
Central Ffth-ave property in the neighhOrhood Of
sec0udsr has increased by leaps and bounds.
T,l,r owners Of houses in Harlem that year or
20 could be- had Tor so 0OO now approached
Win offers Of $751; 900. And it goes. The increase
in rIonrla ton. the growing business OF the port,
the general prosperity. and the tendency 10 con
caDtTste wealth luxury end employment the
leland OF Manhattan. all tending apparently 10
recognition OF this tendency, and Judicious apph-
cation of capital. guided by skill knowledge o.
general conditions and experience, may reasonaDlg
be expected 10 yield ample, steady and safe returns
upon the investment