New-York tribune., 1909-09-25
HUGE GROWTH IN REALTY
Accomplishments OF One Con
Germ Have Been Noteworthy.

l1HS Ol growth and These ft'f~ are
and familiar that are likely to over
look their economic significance Twenty years
sgo . billie group OF uen impressed bS the stf-
bTuty Of these laws. founded the 4meriean Real
Estate company the original and oldest real
estate corporation ia New York CITY anj home
makers for the New York millions
when men of little vision rejected Falt1n
idea OF steam naVis. atom a rough sketch
"A working Hioael-yet tlir god ol commercial
progress t!se ma -I,ine Back oi The re-
markahle growth OF the American Real Estate
Company from a fulI Iald capital of Slu3UlO
20 assets Of nearly ST. 2OG000J .s iJea OF
practical real estate cooperation. v-illun tile
reach oC the smallest investor. based On sound
natural laws and business foresight rlIioi
cary recognized the ImlaortsnCe oG e-.trl, tran
sit in real estate development
In harmony with ITS foundation plan The
Dany has acquired home site properties only on
lines of rapid transit the direct hne of the
city's growth. and has improved these holdings
IN advance Of population thus securing in the
largest degree that -unearned Increment
marked ia an cities but which IN New York has
been a great source n profit for one hundred
years
The American Real Testtta Company owns to
Gay 5000 city lots at seven subway stations.
with ten miles Of street frontage and three and
One-haH miles Of tdewaieT frontage. Its total
street frontage would parallel straight lam.
drawn from the Battery 20 the Harlem River.
The American Real Estate Company buys high
class Rew York real estate which only capital
lists and wholesale operators can handle. opefat-
ing On extended scale that acquire large
tracts Of land at acreage prices 70 improve and
force values. 90 protect against adverse cOnds-
Tons and 10 hold through panics and other de-
BTessige business conditions Ia addition 70 the
valuable holdings. improved and ready Tor build
ing. the borOughs Of Manhattan and The
HTOnA. tte company owns among other valuable
Income producing properties. thirty apart
Hent buildings containing more than seven hun
dred apartments and twenty three stores. three
modern business buildings. two hotels and a
theatre u the most modern hrepTO0f cOnstru--
ton
Park HIn-0n- tlae-E Hudson. the suburb BeautI-
ful completed community Of high class homes
Is one Of the earliest Developments Of the Amer
lean Real Estate Company Park Hin is stu
ated on a plateau three hundred feet above the
Hudson River. commanding a magnificent view
OF the Palisades and the surrounding country
Its western line fronts on South Broadway a
continuation Of Broadway. New York City. only
about three-quarters Of mile from the city hne
it has the best and cheapest transportation in
the metropolitan district
The "peOpleizati0n Of cOrporatio-s- - sradu-
ally becoming an accepted business fact The
American Real Estate Company was pioneer
in this movement Since is foundation twenty
Jnc years ago II has invited the co-OIera don Of
The small investor and has paid him G per cent
promptly during this time. without any OF the
worries or cares Of business managernent-in
fact. nearly SlO00000 principal and interest
The average man cannot invest an small par
GELS Of selected real estate Of the high character
u the American Real Estate C0rnpanys hold
ings. bot through the medium OG the 6 per cent
bonds ISSUED by the company he can share IN
the earnings Of the most proitab field Of real
estate investment In the United States
There are two forms in which the bonds are
Offered-the ten-year per cent coupon bonds.
purchasabic at par in multpIes OF 100 and the
9 per cent accumulatiVe bonds. purchasable on
instalnents during ten. fifteen or twenty years
The business Of the American Real Estate
Company. based upon the ownership of millions
Of selected real estate at strategic points toward
which the great city Is moving offers invest
ment that Is time tried and panic tested. which
conforms in the highest degree TO the essential
requirements Of a sound inyestment-rcal and
ample security just income and convertibiIity.
One Of the more important moves recently
made 10y the American Real Estate Company
was the purchase OF what is known as the old
Watson estate. There are ninety three acres of
this property. adjoining the properties now
owned. Al the centre Of which is the Simpson
street subwa, station. This Is by far the most
important transaction the company's history
since the purchase Of the Hoe and Simpson
tracts before the opening Of the subway. This
valuable holding contains over 200 city lots
with hair a mile OF frontage Westchester
avenue and 1000 feet Of tidcwater frontage on
the BronK River