New-York tribune., 1908-04-12


re Is fire residential districts fronting on the
waters O. the bay and the Atlantic Ocean have for
z long tine been popular summer resorts for vast
r--ongs of peonIe living IN the borough and other
rz--s q rle City. and the popularity Of these
places VII undoubtedly increase
TIE bridges connecting the borough with Man
haitian have not only created speculative zones
n Brooklyn but have resulted in vast Improvement
projects for the older districts the borough Be
-Veer Lhe eascerly approach TO the Manhattan
Bridge and the junction OF Washington and Fulton
streets. Brooklyn. is Z big stretch OF land which
up 70 . tew years ago seemed il It would
main from real estate point Of view, IN dor
usn- condition for long time. But the Manhattan
B-idEe has changed the outlook IN that territory
and brisk purchasing movement is now under
vsr IN the section In view OF this values in
creas-r 81 rapid rate and scores Of ulanufactur-
--E concerns are getting control Of suitable sites
there for Improvement with buildings for their
own use. and Spectators are buying large plots
-hr-e 10 resell n the near future The section is
specially attractive 70 manufacturing plants TO
builders Of loft structures and to small wholesale
rr-ls. number of realty leaders could a few
Years ago have bought many blocks in this section
81 very attractive prices and could have started
movement for Tie transformation OF the district
into one similar that At The westerly end Of
the Manhattan Bridge Il has long remained a
mystery why the district has not appealed to the
builder Of tenement houses The reason that such
builders have not been active I'm large numbers IN
the district appears be that the newer sections
@ Brooklyn, with their natural charms lured them
sVaT from the older part Of the city. Owing 10
tre extent % The movement in the newer sections
builders fouud that they could get more satisfac-
rr-v loans for operations in those districts than
elsewhere. and that factor may also have been in
measure responsible for them forgetting for the
tine being the districts adjacent to surrounding
Tie Brooklyn Bridge and the other proposed
bridges.
The movement 10 the newer sections was also re-
sDo1s-1e for little building the years in
fTe Heights section. one of the best residential dis
trlcrs in the whole borough. Realty conditions on
ne Heights have undergone a marked change for
-re better in The last year. and that the sub
Kay IN Brooklyn is IN operation the Heights
--- has become the nearest high class residential
district n the Wall Street and other business zones
n. Manhattan Island Business men with Offices in
'-7er Manhattan have found that they can make
me journey from Wall street Court street,
FrooEyn. In about ten minutes. and therefore
homes the Heights in greater demand, and
according 70 real estate experts the number OF
buildings for sale there is much less than the de-
Tlsr1. Not only is there rapidly increasing de-
msrd FOR houses on the Heights but broadening
e the purchasing operations in the section looking
r. the t-snstorTnstion Of large part OF dis
'-t-t into great Office, store and hotel centre.
Whether owners Of homes are sufficiently strong in
numbers 70 arrest this march OF business is ques
Ton which real estate experts have not yet salts
Factor answered.
more riE Office structures, and the present de-
uendS of retail storek=epers will likely result in
re creation q z bigger retail stopping centre.
Fulton street lust north Of Flatbush avenue. is
-T--e attractive To theatre men il . few
-es-= zEc. and there rImors that a number Of
theatres are being planned and will he built in this
sec-la II Fulton within the next two years.
-r=rz Is not . section of the borough which has
ro- been benefited by the bridge projects, the sub
T-z- plans and the enlargement Of the trolley zone.
- Fourth and FIatbush avenues = newer business
Cs7~s has been created within the last two years.
and property II that point is only in vigorous
demand bur few owners are inclined sell
~ the figures lots there. The plans the
Fourth avenue subway route. which viii afford
6-a-- subway line SrCn the westerly end Of the
'la-larrau Bridge 40th street and Fourth ave-
n-es Brooklyn. a. which point there viii he two
spurs one extending 10 Fort Hamilton and the
other running 10 Beusonhurst. Bath Beach and
foHey Island. have been approved. About i've
wears ago there were many lots in the Bay Ridge
section which could bought for 800 each, but that
price vas then considered 50 high by many real
eHrarr spectators that sales OF lots made
- thar sum The lowest price for lots in the dis
f.ir- Is about $3.50 In the last few years that
section of The borough lying just south Of 56th
street and Fourth avenue and extending over
vide The east and west has become one of
tho largest fathouse districts and private dwelling
house sections Of the borough There has been
.--le building in those years along Fourth avenue
between the F1atbush avenue station Of the Long
Island Railroad and 90th street, but doubts
fHat many old buildings which occupy sites along
fr1u avenue between those streets viii be torn
Gown De replaced with modern hathouses with
-for-s Because Of the operations Of the big build
.F ia the newer sections OF the borough in recent
THIS old part Of the town, like many other Of
tl- older districts, has been hardly noticed 10y
lec-Iative builders. and this inactivity Of builders
fler. has been taken by investors 10 indicate that
rs realty opportunities are fewer than iH many
other sections Such an inference, however. is
-a se one. the near future really leaders are
.EeIy 70 awaken 20 the fact that this stretch Of
FOURTH avenue offers iunumerahie realty "ppor-
f4nros-
iH The last fer years the Bensonhursi Ba Beach
ard Gravesend sections have been growing rap
l-l and the increases % values m those districts
have been about n Per cent in the lest four years
r ~ feV. wears sEo those sections were mostly
c--e-sd by rcp-e n frame dwelling houses large
cefsr,e6 rrIvz-e 7elhnE houses, o--upr1ng htg
@-a vel lad rur plotE - ground Improved rapld
'---s-t tao-ltLes Trich brought the sections nucn
esS+sE. Hg1ratlvely speaking to the business cen