New-York tribune., 1909-04-25

longest stretches of beach fronts. For many miles
this division Of land fronts the Atlantic Ocean
and on Jamaica Bay. To the OF these three
sections is the great summer outing territory Of
the island and its main farming region. To thor
oughy measure the realty characteristics of these
various divisions it is necessary to study them
separately. for while all closely united. yet
many possess features not 10 be found in other
sections. And The present trend OF realty cond-
t0ns in the which appeals 10 builders OF
speculative houses for summer all year
considerably different from the factors which
responsible for the charm vigor of many other
similar districts.
OF course the chief factor in the recent enhance
ment Of values throughout the entire island. par
tculariy The nearby suburban districts, the plans
| which have been well laid and spIendidly car
red out by the Long Island Railroad and the Penn
/ sylvania Railroad unite in bonds steel this
beautiful body of land with the Manhattan and the
/ New jersey shores. These rapid transit projects
viii result in a grea- reduction the running time
of trains between points the island and the bust
ness and amusement centres Of Manhattan Island.
/ and the operation Of the trains in such
make travelling pleasure and
4 much possible delays in travelling
The prospective buyer Of real estate on the
island, whether he intends - his estate
| for his own benefit or TO improve il,
! find a ready market for it, Will have 10 de-
pend largely upon future conditions and not upon
/ the brilliant. realty achievements which have
/ marked the wonderful transformations which have
taken place in recent years many sections Of the
island to find profitable market for the work Of
| his hands
There are some persons who think because of
/ the tremendous Of building operations
throughout the suburban of the island the
! large numbers OF summer homes which have
erected IN the last five years along the North and
! South shores and in inland places Of Nassau
/ County that there now few opportunities for
safe speculation or investment in OF the alIur-
! ing ocean and inland towns the island II is
true that in many places the asking prices for lots
to-day are somewhat greater than the sum al which
acreage was sold few years before the announce
ment that the PenEsy ivana and Long Island rail-
roads had perfected plans for operating tunnel
! trains from Manhattan Island to Long Island and
before The leading SPECTATORS and investors of the
Manhattan real market Razed intentlv al the
striking progress mich being made in the de-
veopment OF Long Island City. Astoria. Flushing
Jamaica and at the toWrs the Rocksway penin-
sua and later eyinced strong desire 10 become
| Identified with such operations.
\ BRISK BUILDING PERIOD.
Undoubtedly the last five years form one Of the
busiest realty epochs il the history Of development
and construction work the island. The increase
in value which have taken place in that time were
not due 70 unnatural conditions but to factors
which will continue TO be for many years the nr.
dominant keystone il the foundation OF the stabil-
y and growth Of the various districts especially in
drawing to the districts some Of the leading build
ers spectators and investors on Manhattan Island
II conditions affecting the real estate market OF the
island manufactured for the pufposa ~
anlassing fortunes for shrewd developers Of land
and OF transtory character. the boom days
Tie island would long ago have been abruptIy
ended d dismal fashion. The strength 81
market. however is shown by the sta bity Of
values At large tracts of land which have
been opened in the last few years the early ask
ing prices for properties could be duplicated to-
DAY and the original owners Of the sites would
gladly and quickly take back. if offered 10 them at
the old figures the properties which once the,
owned. This is proof positive that opportunities
for safe speculation and investment in real estate
the island manifold. and that thousands Of
little buyers In the suburban districts especially
could quickly resell their homestes or their acreage
plots Yr their seashore cottages At handsome
profit.
The present real estate signs indicate in q vivid
that the entire suburban area OF Long
Island will in few years be a region with CON I
siderably fewer long vacant stretches Of land and
q district much greater in residential and business
strength than at the present time. In what sec
values Will rise rapidly than In others Is
c question which experts differ : Is this differ
ence of opinion which is largely responsible for a
continual broadening of construction movements
throughout 4 highly attractive suburban territory
possessing a variety Of charms
FUTURE TRADING AS SEEN BY EXPERTS
Some experts Of the opinion that the ,,siue
Of the beacha' along the South Shore OF the ISL