The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-01

family houses range from 1880 to 81, 500,
For brick two family houses the price rises
to $ll 900. The buyer usually occupies the
owe apartment and rents the upper apart
ment.
The greatest unsupplied demand In The
Bronx IL for two family houses. Az a result,
builders have begun to erect these in large
numbers. During the first quarter OF the
present year plans have been fled for only
other hand, plans have been filed for $50
dwellings, to cost 81, 7O5 sis.
A good deal of the present construction
work IL in the northerly part Of the borough
and in the district east OF the Bronx River.
As a rule. the houses are situated at some
distance from the rapid trarsit lines, but
oonvenien to connecting troleys, and also
along the proposed New York, Westchester
and Boston Railroad, along the New York
and Portohester Railroad, along the ex,
tension Of the subway to West Farms and
road. An active building movement is
developing also at various stations on the
Harlem and on the New Haven. A specu-
lative boom is just now noted at Wakefield,
to which station the Harlem division OF the
New York Central will begin to run electric
trains In September.
Among the settlements that are prin-
cipally affected by the present real estate
movement is Williamsbridge. Laconia,
Wakefield, Jacksonville, Washingtonyille,
Crawford, ,%,Pennfeld, olinville and Bronx
wood Park. These are on a high ridge
on the east bank of the Bronx River and
will be affected by the improved Transports
ton on the Harlem division Of the New
York Central. The streets and avenues
throughout the district are in many places
graded, curbed, tagged and supplied with
sewers, making them available for build
ing operations. Lots range in value from
500 to 81 200, and In comparison with a n
in the older part Of The Bronx are very
cheap, Lots On White Plains road, which
until two years ago could be obtained at
3 1000 to 81, 200, now are 81, 800 to 81, 600.
Further east many old estates have re.
Gently been bought by operators, and will
presently be resold in building lots. There
has been a marked increase OF value along
Pelham and Mount Vernon. Here land
has advanced from 81 900 to 81, 500 an acre
to 5 1850 and $3.50 an acre. This section
is adjacent to the Pelham Bay Parkway
ind the Hutchinson River.
WestcheRter avenue has recently been
completed from West Chester and promises
to be an important seat Of activity. In
fact, values have already commenced to
rise in Unionport, West Chester and the ad-
jaoent territory. The opening and gr di 6
mensely, as 1t viii. afford a direct east and
west connection with the rest Of the city.
Perhaps the greatest increase has been
east and northeast OF West Farms, along
the West Farms road and Morris Park
avenue, due largely. TO the subway, extension
White Plains road. The section east OF the
Bronx River Is new and comparatively
I undeveloped. but the city is laying IL out
in streets, avenues and b%oulevards. 1t is
e~minently suited for improvement with
two family houses OF the kind that is now
chiefly in demand. Land there is certain
| to increase rapidly in value and investors
who buy houses for their occupancy will
not only have the use Of their purchases
but in the course Of a few years will find
than they paid for 1t. There seems to be
lust now no better investment than de-
tached two family house on a full city lot
in the newer part Of The Bronx.