New-York tribune., 1908-04-12
JEROME AVE. VALUES
Expert Says Thoroughfare Has a
Bright Future.
BY B. Fl. Wsisker. jr.

Jerome avenue IS practically the continuation
of Seventh and Eighth avenues, beginning at
Macombs Dam Bridge and viaduct the Har-
lem River and running north to the city limits
The avenue is then called Central avenue and
continues on 10 White Plains The Jerome avenue
section Of The Bronx lies between the Grand Con
course 10 the east and the Harlem River to the
west. Mount Hope University Heights, Fordham
Heights and Bedford Park are all in that section
Those places are almost exclusively occupied by
the hetter class Of private dwelling houses the ma
jority Of tenants being the owners of the houses
University Heights is the finest residential section
in the entire borough. New York University is in
that section.
AS Jerome avenue is the only avenue entirely
given up business in the whole district. conse
quently has large draw from for busi-
ness purposes. Jerome avenue is also the dividing
line Of the East and West Bronx. property lying
n the west being designated q No. / West and
70 the No. East In this respect il bears
the same relation 70 The Bronx Fifth
does TO Manhattan
The value of Jerome avenue property varies con
siderahly. Lots Of the greatest value where
the avenue IS crossed by thoroughfares such
fremont avenue, Burnside avenue, Fprdham Road
and Kingsbridge Road all Of which arteries of
this realty and have trolley roads which
connect with the present subwaye and elevated
roads. Inside lots south Of Kingsbrdge Road aver
age from $500 5000 d lot, except where near
the arteries mentioned. where the values much
higher. recently sold a plot 81 by 100 feet
fremont and jerome avenues for a little less than
$40 zoe This the first sale of corner parcel
at that point in number of years. The other
| corner plots are held ny estate and are not in
the market.
An irregular corner containing a little four
lots. at the northwest corner of Burnside and
jerome avenues. sold about Two years for $50
O0o. The other corners al that point have not
changed hands in number Of years. The south
west corner Of Fordhsm Road. irregular Plot,
comprising about one LOT covered by a four story
apartment house, SOLD about year for $1,000,
the only sale Of corner parcel At that point
| in some years, none Of the other corner plots
has been in the market. Lots in the streets and
| IN other avenues IN this section will average IN
value from $500 So 900 a lot. The main arteries
/ which cross Jerome avenue north Of Kings0ridge
| Road are the Southern Boulevard, @0th street,
! Mosholu Parkway and Gun Hill Road.
! As 10 the increase Of values OF property in this
| section in the five years, think average OF
| 100 per cent would be fair estimate. There has
| been no particular boom in this section, but there
has been a steady and natural increase IN values,
: which no doubt viii continue.
| The increase IN the near future viii entirely
rend upon rapid transit which this section is sorely
| in need Of AT present the Union trolley road
| yects with the Sixth avenue and Ninth ele-
! waited road at 10th street and continues up the
! avenue 70 the city limits There are TWO plans for
/ rapid transit on Jerome avenue for which the
property owners have given consent, and for which
/ plans have been prepared. one IS The Lexington
avenue subway, which Will cross the Harlem River
rard avenues, entering Jerome avenue al 169th
! street and then UP jerome avenue 20 Woodlavn
or 233d street The other plan is the continuation
Of the Sixth and Ninth avenue elevated railroad,
/ from its terminus 18th street TO cross the
| Harlem River by the bridge used by the New
/ York & Putnam Railroad, entering Jerome avenue
! al 161st street and then north 233d street
/ Woodawn.
AS the ultimate future Of Jerome avenue
| there is doubt owing 10 its natural position as
a thoroughtfre. its great length and the immense
| area from which il has 10 draw for business pur-
poses that il viii be the greatest business avenue
in the entire Bronx. Some Of The large owners of
! property on Jerome avenue John Jacob Astor.
| the Vanderbilt family, Lewis s. Chanler, Edmund
Coffin, the Fleischmann Realty and Construction
Company, Frank J. Gould Miss Helen NJ Gould,
! J. Romano Brown, the United Real Estate and
| Trust Company Gn Irust). kountze Brothers, Kuhn
Brothers Seth Sprague Terry, tho estate of John
| Dickeusou, William Waldorf Asuor. the l. Levey
estate, Joseph Hamerschag, Jacob Hirsch, Alfred
| GuttwilIg, The H. y. Camp estate. J. c. Rogers
! the Century Realty Company William D. Peck,
John B. Haskin, John Clafn, Henry I. singhi
/ and the Clark estate.