New-York tribune., 1910-06-26
FUTURE Of YORKv|L[E SECTION
improvements That Are Being Made and Opportunities oeeo
as Told by an Expert.
MODERN STRUCTURES REPLACING OLD BUILDINGS

rresfern section many handsome piiNo'o
houses have been built. among winch ai
the Carnegie Phipps and Clark niaiisioiio
Madison avenue with its electric iiiie
transferring to all crosstown hnes' Is peins
improved. with large apartment MUSES.
MANY of them being elevator apdr drtiiieh''
with but few vacancies.
Park avenue is gradually peihs
formed into handsome. residential 'loi
oughfare, several fine homes having an
been erected. A number OF hlsh oi"e'
apartment houses are also belnS eieo'oN
soon This avenue will be one of the most
beautiful in the city
Lexington avenue is bound to see won
derful Improvement on account OF the pto-
nosed subway, and there are already signs
of increasing values.
..Tb,rd avenue is also seeing wonder1ui
improvement-namely. as to business. ne
demand for stores is so increasing tha'
Owners are being compelled to use the sec
ond and third stories of buildings for mer-
camille r,,rposes Second avenue has lateiy
been receiving the attention of investors.
First avenue. which for many years mas
sufserad through lack of sufficient transit
facilities is beginning to feel the results
of ir,proying transit. This being very
broad avenue and in the centre OF the
,bicklv populated tenement house sectioii
Win inonroye considerably, and oHers op
portunities for investment.
.arhe East Side avenues are srauuais
bainS altered from residential avenues "
business thoroughfares. naturally lhoi ie"'
ing the returns of the properues.
..While many people feared that the OPEN
ing of the Queensborough Bridge wouio
denrec;ate the values of the properties III
the lftieth and sixtieth streets, yet inns
has not been shown, the values In close
r,roxiuitv to 59th street have materially
increased.
..E,ighty-sixth street is considered the main
crosstowp thoroughfare Of this section IN
the vicinity of Third avenue values have
greatly increased.
builders and investors would do we'll to
study this section, as the oid-rashioheo
three and four story houses must soon give
way to more modern apartment houses
both of the cheaper tenementS ana hlsi
class character.
Central Avenue Section.
In the central section there is need for
better class of apartments There is now
scarcity of four and five room, up-to-date
apartments. AS example, Spectator hac
Is by 100 foot lot on his hand; he ereoteo
a two-family apartment house with SIN
rooms in front and five rooms In the rear
Before this building was completed he hao
all but one apartment rented without max
ing any concessions to the tenants. In th'
Lexington avenue section elevator apart
nents will soon be in demand. Already
several large investors have considered tho
advisability of erecting such up-to-date
apartments.
LAS sign of the stability Of this locality
the records viii show that in no sector
of the city have there been less fore
closures than here in Yorkville.
Therefore investors with capital to In
vest, either in purchasing or on mortgas'
loans, will do well to come here and re
| ceive the benefits that will shortly come t
those whose capital is here invested