New-York tribune., 1911-10-29
BRISK BROOKLYN MARKET
Biq Increase of Sales OF Plots
and Dwelling Houses.

Realty investors. spectators and builders
are active In nearly every section OF Brook
lyn.
In the last two weeks the volume OF pri-
vate sales has more than doubled. and 1t Is
likely that larger increases in the budgets
OF transactions will take place In the near
future.
The present healthful condition OF the
real estate market OF the borough was
clearly indicated several months ago. even
In the early part of July. when brokers
had few calls for their services Neverthe-
Less, there were many persons identihed
with trading there who could not see the
real drift Of affairs and loudly prophesed
that dull fall and winter season was
ahead of them. Now they are wondering
how they ever lost their grasp on the
situation.
Since January to date considerably more
than s2s,5Oo,OOO has been set aside for add
ing more modern brick and frame dwelling
houses to the rapidly growing home CEN
tres and for building a large NUMBER OF
store and flathouse properties, which on
account Of their location and the demands
there are bound to be excellent Invest
ments Moreover several high class apart
ment house sections are to be enlarged
along the best lines. and extensions to the
principal retail trade office and factory
districts have been planned
Bay Ridge Bensonhurst, Dyker Heights,
Park Slope Reid avenue, lower Fulton
street, East Williamsburg and many otner
districts have lately contributed many
sales and important construction projects
to the present budgets.
The most vigorous demand is for well
built and conveniently located dWellns
houses In view OF this, the majority OF
big speculative builders and concerns are
quickly disposing of their houses the foun-
dations of which were laid in the early
part Of the year. Some builders are also
finding buyers for big part of their un-
finished rows of dwelling houses.
In the Ridgewood avenue section more
one and two family houses have been SOLD
from the plans this year, 1t is said' tnan
in the last five years. This showing surely
speaks well for the ability and fair dealing
Of the individuals and companies engaged
there I'm improving block fronts or lesser
sites.
The recent purchase by the Jay street
Terminal Company, which Is controiied pS
JOHN Arbuckle and William a. Janllson, u
several blocks extending along the Ea''
River front from Catharine ferry TO ui'oi
ferry and inland 10 Water street, IS one u
the most important transactions or "s
kind reported in many years. PIERS hoa'-
ing bridges railroad tracks and othF'
terminal necessities are to be pullt t".'
At q cost Of several millions. Adjoining
the property is the Arbuckle plot, "il'h
includes all the riverfront from the MAJ"
haitian Bridge up to the navy yard
The aim OF the proposed improvements
will be TO help solve the shipping proo
lem Of many big concerns in tnat PdlI u
the borough and also TO induce more nou'
ishing manufacturers TO erect plants theie
stilI another large recent transaction
was the purchase by the Home lltle III
surance Company of the old frame pui'l-
ing on a plot 63xl00 feet, at the northeast
corner Of Willoughby and Jay streets. Oh
the site the company will put UP Duilu-
ing for It's own use. 1t Is an ldeal pol
for such An Improvement. s.,..os ana
The Reid avenue secuon III tuanIsaTo H,elT The
Brown Realty Company sold TO SlgnluIIu
Orbach and Benjamin May the tour-sto,rH 1,Cn
fathouses with stores, on plot l"NrW
feet at the northeast corner of Reid ana
Putnam avenues. In part payment for tnat
fine corner property forty-siX lots. lront
ing on Chestnut avenue and Sutter ana
Chrystie streets, were given.
James A. Caufield lately bought throuel
Howard c. Pyle e. Co. the block fronts
street between Irving and Wyckoff ave
nues. William Buchanan was the owner
Of the property. on the block fronts VII
be erected two-family, tWo-story. DrlcK
dwelling houses. There will be seventeen
houses. each 2Ox55 feet. on the north side
and sixteen houses OF similar dimensions
on the south side. The total cost VIII be
Sj3S.SpD Plans for the structures have been
drawn and filed by Joseph L. Cauiield,
architect This is one of the biggest dwell
ing house projects planned for the East
Will q m chllrcr SECTION this year.