New-York tribune., 1908-05-03

The life of every suburban section is usually
marked by a number OF varied changes. The initial
growth usually that resulting from the activities
of a community of settlers. Next the summer Colo
appears and adds to the building strength OF the
place and also increases it's popularity With the
summer coIonist usually arrives some widea1ake
real estate men. and they. grasping the early op-
porunitfes development OF the district. seek
to attract outside capital to enhance the growth OF
place and also lay plans for the bettering OF the
transit facilities. The change In suburban
community Is usually that OF transformation from
a summer colony 20 attractive allyear-round resi-
Dental section especially noted for its suitableness
as a place for detached semi-detached franc
houses. Soon afterward the development results IN
attracting the attention of builders OF brick sTuct-
for many families. Now ElInhurst and Corona
have passed through all Of these stages up 70 the
time when the building Of brick houses Is near at
hand. Though the development Ot the towns along
the north side OF Long Island covers many years it
IL only recently that the realty vigor OF these
places has really become known TO iarse numbers
of persons The tunnel projects undoubtedly ara
mainly responsible the great interest now shown
in the development OF those sections. because the
tunnels have forever removed what has been one OF
the greatest obstacles in the development OF the
districts permanent all-year-round home sections.
The recent growth of such places as Corona and
Elmhurst may appear amazing to many real estate
men, and their future growth may also surprise
them as II will be much greater and grander
scale than many conservative operators imagine X
the prophecies OF various experts are fulfilled Most
of the signs indicate that these prophecies viii be
realized.
In realty circles winning OUT is a newly coined
and popular phrase who has been success
ful either a land speculator builder IS said 70
have won out and have won Handsomely
IL he began his operations with small capital and
perfected his plans a large scale There are
many opportunities win in this attractive dis
trict formed by the old township OF Corona and
E1mhurst and the careful investor. with a small
sum to purchase land lis likely to win
out Handsomely Fine lots may be purchased IN
Corona for about s1OCo These loss in many cases
have frontage Of % feet and depth Of 129 feet.
located in the choicest residential sections
of the place. IN the business avenues the prevail
ing price lots is from $4,000 5000 The cost OF
the majority of houses which have been built
Gently at Corona is about 5000. Some Of the
houses $4,000 and others high $4,000
Large sums OF money have been made of late years
by specuators and investors in the district tract
of about three hundred lots in Corona which
sold about 1896 for $25.000 recently marketed
for 100000. This is OF the Instances Of profit
taking IN the section. and there, many opera
tions which have been nearly as profitable
Regarding the physical characteristics Of Corona
well known real estate operator said yesterday:
The natural grade is good. The land is almost
free of rock. and the. drainage is therefore almost
perfect. The laying Of pipes therefore. be
done at a lower costithan in most places Corona
is of the most progressive places on Long
Island The greater part of il Is covered by mod
ern houses the remainder tcr Industrial plants
Here the plant ofithe Tiffany Studios. which
poys five hundred skilled wOrknen and working
women. Many Of the employees are home owners
and take a great interest in the development Il
the town. Just before the town became a part N
greater city plans perfected for the build
ing OF school, and at that time 1T thought
that that school would provide a seat for every
child that applied for adittance in'the next thirty
years That gives idea OF what some people
thought of the realty future of the. place Since
the became part of the greater city
Der of fine public schools have been. erected One
at a cost Of s2S00dO has just heen completed, and
another similar structure has been begun One Of
the principal business streets is Grand avenue and
another is Locust street.
I'm Broadway. Elmhurst, the, prices for lots
25 by range from s. 500 TO. s45o- There
few lots in that broad for sale Other busi-
ness lots of the'tow.n find ready market from
about s. up Some of those lots sold about
years for $3.50 each. and that tgives you idea
of the increase of values in the,town IN business
centres. The prices for good building lots on
which to erect modern dwelling houses from
$500 up. Elnhurst has city improvements, such
gas, water and. electricity