New-York tribune., 1910-04-03
BEAUTIFUL BOROUGH
BROOKLYN NOTED FOR ITS Many THRU-
ING HOME AND BUSINESS ZONES.
Has Many Other 4ttracUe Realty Features The Outlook
There Seen bu Expert.

day it is one OF the most beautiful and one
of the most fourishing home sections. and
also one OF the safest realty fields for the
large and small investor within the limits
of the greater city.
No other borough possesses such popular
beaches fronting on the ocean as does
Brooklyn. No other borough is so richly
endowed with city features. set off by en-
trancing rural surroundings. as Brooklyn
Its development In recent years has fire.
Quently been described as phenomenal, and
builders refer to their construction work
not in terms of feet, but in measurements
denoting miles or more. You often hear a
builder say nowadays: II am erecting
rows OF houses the combined frontages of
which equal over a mile" These building
projects have caused many realty experts
to think that the growth of the borough
has been little too rapid and that the
outlook for the enhancement of values IN
the near future is not so bright as it would
be II less speculative building had been
done.
Factors in Its Growth.
/ firmly hold to contrary views. 1 do not
think that the growth of Brooklyn has been
the result of speculative realty fever, but
in response to a strong and irresistible de-
mand for new and more modern houses for
thousands of the busy workers of the
greater city, seeking to own their own
homes. To me Brooklyn IS Just beginning
to develop into one of the grandest regions
Of residential and business districts ever
known.
For years it lacked proper transit facili-
ties and many other things which are neces-
sary before realty values can be considered
TO be firmly fixed. 1t is now linked to the
famous financial and many other districts
OF old New York by many bridges. It Is
also Joined to old New York by many
East River tubes, and the plan OF formu-
lating an extensive subway system through
the business and residential districts of
Brooklyn has just been begun. If with
poor transit facilities and many other realty
drawbacks, all of which have now been
overcome, the borough grew amazingly
fast, what will be it's rate of growth under
the improved conditions? >.
Subway Sections Attractive.
The realty outlook in Brooklyn was never
so bright, and the only problem that |
think Of that IS likely to perplex the mind
Of both the builder and the homeseeker is
where to be active and where to invest.
/ firmly believe that, the section which is
going to be more highly developed at an
earlier date than any other district is that
part OF Borough Park in which have been
busy building and selling houses for some
years, and also the other zones through
which the Fourth avenue subway extension
will run.
There were many opportunities years ago
IN the northeriy districts of Manhattan
Island for the small investor and home
seeker with a capital of $1,000 or more. The
trading there now is done almost entirely
by big investors and SPECTATORS, for in the
most northerly district, which is the Dyck-
man lots are selling at from 5000 upward,
and a large amount of cash Is necessary TO
play a prominent part and to buy prop
erty there.
In the Borough Park section Of Brooklyn,
however. and in nearly every other district
Of the borough there are many chances for
the small investor. He can become a prop
erty owner there with capital of only $3.50,
and beautiful brick houses, with all the
latest modern improvements. can be bought
at about $500.
Ten years hence the realty opportunities
there for the small buyer will be consider
ably less, and therefore this is the time for
the prospective homeseeker of small means
10 buy.