New-York tribune., 1908-07-05
cFACOAST LOTS IN. DEMAND
,,tyv SALES TOO, OF PARCELS FRONTING ON THE
SOUND BAYS, LAKES And RIVERS
~ Of Widespread 4cuty the Great Suburban FiedsVious
Units of VaEues Throughout the Section.

.o hest time OF the year for prospective
IA-s t,,sx conditions affecting real property
pus [h,,rban sections OF the greater city. III is
u ~ tos-. r,re because at this season OF lhe year
t ,-,,ral charms Of the various places are
me .or and their realty strength is therefore
Qul. .aasfr eauged. AS values are usually based
hO-' ne home seeker Will be able to get
o. - ,se. Of the market value Of properties OF
- kinds by learning the sums at which houses
,esses for the summer or by the year Ac-
-. data regarding vacant parcels are not so
c., htafnable il is only after careful sur
= % realty conditions that the marker Nalue OF
rsrt rlots can be determined
,s-ied are prices for vacant land and improved
.r-ies with frontages on the Atlantic Ocean
she nearby bays and rivers that many intend
.,,.e-s are likely to be perplexed at the marked
nas,es in values Many persons inexperienced
- - estate matters sometimes think that If Z
-, % LOT in A town fifteen miles from New York
- he bought for $500 lot Of similar size in
49,. some distance further from the city ought not
. ba worth more than 50 or 20 per cent of that
~ Values viii not be revealed by using such
,,s,e7, Even a brief study Of conditions in what
:. ,ils5 The Jamaica district and the adjoining
.s,,ions 7iu quickly show the uselessness of
ncb rlan Of determining values
n the principal thCroughfares Of Jamaica, es-
,e,a,1v in the business sections, there are few
- that can he purchased at less than 500 front
o.. nile south OF Jamaica there vast
+s ~ land which are being marketed at from
taa !. lot Up and in many instances the purchase
sos Of each acre would not buy choice lot in the
resr Of the residential sections Of the old town of
T.,,sicl.. Between Jamaica and The Atlantic Ocean
* long stretch Of land the greater part Of
pi,h is Practically un;mproved which is looked
,,n,n r,v experts "a being in the line OF immedi-
sre development high class residential district
There are zones within in the great realty
field Of this city, and each zone has its units Of
values for its business properties, and also other
units of values for its residential districts. The
unit Of value which prevails in the business sec
,ion of Jamaica or the unit of value which exists
IN the residential section useless in arriving
II values in the outlying sections. The adjoin-
ing region south Of Jamaica. which comprises the
towns Of 81. Adams Springfield and other nearby
and charming places, is really another zone. and
there the unit 4 value is based OF the sales Of
vacaut land or improved tracts. and also on prop
able future conditions which may enhance the
value Of property there.
lust a short distance south Of that zone begins
the seashore district. and there another unit of
value much higher than in the St Albans section,
will be found. For instance. places like Cedar
hurst. Lawrence and Far Rockaway have units
OF values which would surprise a student Of prices
who had devoted himself almost exclusively to
examinations Of values in the attractive vacant
suburban sections Of the greater city. Cedarhurst
and Lawrence and the towns in the Rockaway sec
lion many Of which possess some Of the finest
SretcneS pI ttag4 On ilt <4Iidllllc ocean, are
not the results Of the efforts Of energetic builders
In the last few years. Those places have been pop
ular for years. particularly ideal summer colo
ries Though their growth has been remarkable
and their realty strength is doub;y alIuring at
the present tine 10 many wide awake spectators
and investors. the upbuilding Of the places has
taken many years. There, too, various units of
value prevail
The market value OF property in Cedarhurst,
which is a short distance from Far Rockawey.
cannot be used d standard for gauging values
Of any lot or improved property fronting on the
atlantic Ocean or in any nearby or any other
suburban zone. Each section has its standards
BY which values are determined. OF course value.
are almost always affected 10y general conditions
IN the choice residential section Of Amityville,
which is about thirty-three miles from this city
and which fronts on the waters of the Great
South Bay, there are few lots to be had at less
than $50 front foot Yet in the district between
AnityEilie and Jamaica, which is a distance OF
over twenty miles, there are some acreage tracts
which can be purchased at about what a lot would
bring IN the heart OF AnItyviIle Here the stu
dent Of values is confronted with the fact that
some acreage parcels much nearer TO the city than
Anityvllle and in zone which could be trans
formed by one or more of the great construction
companies in short time into a high-class resi-
Dental section is cheaper than fine lot. Such
transformations in the Township Of Amityville
however mean the expenditure Of large sums of
money by men Of many years experience in realty
affairs before a unit OF value is reached and
one which equals that prevailing in the heart of
such 1oUTishing place Anityville. What has
been said about the determine of values in the
charming seacoast and inland suburban sections
Of Long Island alsn applies TO the rapidly growing
and attractive residential districts Of New Jersey
and in the region north Of this city.
There are few more interesting studies than the
determination Of land values. Many things enter
into the makeup Of the standards for gauging
values, and one Of the most important factors is
distance from City Hail Manhattan another the
means Of travelling and from place at all
hours Of the Gay and night and then comes its
natural and artificial realty strength and its probs
bic future yisor
Most towns with frontages on the Atlantic Ocean