The sun., 1907-04-21

DeyeIOpmeuts Of the Bush Terminal
Co. the COunecting n. n. and the Dock
Department, Coupled Win the subway.
Except for the shopping and ONCE build
lnk districts near the Borough Hall and
except for the manufacturing districts in
South Brooklyn and in the vicinity OF tho
bridge, Brooklyn. though twice a. large
In area as Manhattan, Is almost entirely
n borough of homes. By far the greater
mart Of New York's business population
travels daily over the Brooklyn and Will
iausburg bridges and the many ferries
acroes the East River.
Naturally, real estate activity in Brook
lyn is mostly along the line Of home build
inn and In the buying and selling OF vacant
land for Improvement with residences.
The wears 1905 and 1905 comprise probably
she greatest period which that borough
haa known both in the buying and selling
Of real estate and in the volume OF new
,oAstruction work carried on. From pres
anA indications 1907 will surpass even the
hinh records Of the two preceding years.
Tbe nearness TO completion Of important
nav rapid transit routes Is now having its
aefAot an the market. Vahes have risen
.harnlv within the last few months. eepe-
NsnIIv in the downtown section. and own
Of valuable improved realty show q
tA5encv to hold on to Their property In
tneSce Of high Offers.
IN announcement that he Brooklyn
subwA will be in operation some time In
June hs had a stimulating effect on the
market t-oughout the borough. This has
been espeNaIly apparent In the neighbor-
hood OF thu Borough Hall and near the
Long Island Iailroad station ON Flatbush
avenue, where the main branch OF the
tunnel will hav, it's brminus. This sub
way is in reality n e4ension Of the New
York system. The Inerboroush express
trains which now PaA around the loop
under Battery Park wiIln future enter the
tunnel under the East Bier at tha Battery
and run through the fer track subway
under Fulton street up Fkbush avenue to
the Long Island Railroa depot. Here
they viii swing around a pop and return
TO New York This will hing the lower
end Of Brooklyn and the jcinity of the
depot in direct connection nth al parts
Of New York as far north 4 The Bronx.
for single fare.
The real Importance Of thiinew nsrvico
Is not the benefit to DO derivetby Tho Inn
tied area within few blocks 4 the termi-
nal at Atlantic avenue. but Eean the fact
: that the short tunnel paves Il way for
future extensions which will % remote
sections Of the borough when s6anient
transit is badly needed. The bost I'm
portant Of the new routes will be II Fourth
avenue lines. ono running to Be- Ridge
and Fort Hamilton and the other at Por-
tieth street and New Utrecht venue
through Bensonhurst to Coney IslaHi.
The territory which has probabk felt
the greatest effect Of improvemeas in
transit is Bay Ridge. A great tranSfama-
ton has been going on in that sectionand
IN the outskirts OF South Brooklyn dJRinR
the last year. Tracts Of vacant Land hyo
bean bo lght up by builders and improsed
With AID blocks of small OED and tro
family dwellings. This type Of resideme
combines the reasonable rental Of an apaEs-
unant with many of the exclusive feature
Of private dwelling. Two family housel
are becoming very popular with home.
seekers Of moderate means who have beer
forced to move to the outskirts Of the city
BY the high rents demanded in Manhattan
and In the older sections Of Brooklyn.
An unusual feature Of the present situa-