New-York tribune., 1907-09-29

present suburban zone of the metropolitan dis
trict or else remain forever intending pur-
chaser of real estate because the McAdoo and
the Pennsylvania tunnels. welding New Jersey
and Long Island to Manhattan Island with arms
of steel. have opened up avenues of activity to
the builders in real estate which these builders
never expected would be created for them. The
greatest of these builders work along the rail-
road and other transportation lines. and they
work swiftly and with telling effect. and in a
short time they transform big vacant tract OF
land for wears useless or used truck farm,
into thriving town or into an important addi-
ton to a town. 1t matters not to them whether
the land is in New Jersey or Westchester or
Long Island It invites them, and it is ready for
them so long as the running time of trains or
other vehicles of transportation between New
York and the property is such as to make the
propertv a suita BILE place for the man or woman
who works in New York to live. The principal
factors of values in nearly every suburban sec
ton are It's proximity to the City Hail. Man
haitian its means of transportation TO and from
the CITY Hail. Manhattan. at all hours of the
night and day and it's natural and art1flciaI
charms. These truly the guide posts TO sue
cess in suburban land operations
Ahout a wear before the subway opened
,ba local market witnessed the interesting spec
.c1a Of a rush of big and little speculatSrs to
b,1v land in what then known as the great
vacant land areas along the subway routes. ana
those vacant land districts were on washington
uaiohts in the Dyckman tract. just north Of
the westerly approach to the washington briuse
and in the upper part of The Bronx. Builders
fo11o,ved the soeculators to those districts and
soon the extent of building operations surpassed
the record mark. Values rose so rapidly that
one of the most successful Bronx builders VINO
was improving plot or. rather several olocA
fronts with two family houses, had 10 apahooh
that project and erect fathouses on the ianu.
o,,.int, n the sudden rise in the value Of the
land the building of two family houses on 1t
would have been Improbable venture.
Last fall rows and rows Of modern fiathouseS
on Washington Heights. in the DycKmah us
tr,ct and in various sections of The Bronx were
practically tenantiess, and the city appeared u
he wofullv overbut in fiathouses and realty
catastronhe was thought to be near at hano.
No wonder the market for modern fathouses IN
.,a ,,nnar sections of the city was for many
months IfstIess and that many big realty opera
tors who had been prominent IN thls slsdA'io
building movement were positive lhaI reai'S
nrogress had received a severe Jon IN less 'ilsii
ten months this anxiety was dtspeHed' ana tne
cr,es of despair turned to shouts OF giadness'
For on nearly every hand the majority or the
,au, -,odern fathouses IN the upper sections are
al
IN the older residential districts the renting
agents have had considerable difficulty In meet
ing the demands for suites in apartment houses
and hotels 1t seems now as If the supply OF
hathouses would be much less next s2ring than
the demand
Throughout this great building activity on
Manhattan Island and The Bronx, which has
covered a period of over three years, the de-
mand for two family houses has been growing.
and little has been done 10 meet that demand
except on Staten Island and in Brooklyn The
New Jersey movement comes therefore, at the
most opportune time. and hundreds OF builders
already identified with it intend to do their best
TO help meet this demand for one and two family
houses According to conservative real estate
experts q ready market could at present be
found for at least twenty thousand one or two
family houses In the New Jersey suburban sec
tions within a short distance of City Hall. Man