New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-11-12
TRADING IN BROOKLYN
Big Demand in the Borough for
Dwelling Houses.

There are many buyers for nsthouse,
dwelling and store properties In Brooklyn.
Well located vacant sites, too, are In good
demand. the budgets Of recent sales indlI
eating that big speculative builders will
continue to be scattered for a long time
throughout every rapidly growing business
and residential zone Of the borough.
The unusually low cost OF numerous
building materials and the favorable money
channels have undoubtedly caused scores
of Spectators 10 enlafge their early fall
plans and also their original projects for
next spring.
The fan season In the borough began with
a fair list Of sales of dwelling houses In
nearly all the old and new sections to
honesee kers. II quickly revealed marked
mower I'm this respect and ever since It has
become a more important realty feature
each week These transactions cannot fail
10 strengthen confidence in the market for
Rrooklyn real estate and TO increase values
in the near future.
Many investors long ago proved that SUBJ
stantially built dwelling houses I'm the hor-
oueh are excellent investments, that cold
water" fathouses east Of Brooklyn and
Williamsburg bridges are as good. II not
a little better, income properties IN many
instances than similar structures west and
north OF those bridges. They also proved
that there are almost unlimited safe places
for them I'm the vacant land areas Of the
horouph and that in the central business
sections they were confronted with as many
o,nortunities as In some similar Manhattan
bailiwicks.
These facts are more widely known and
therefore the ranks Of the, investors In
the borough are larger. And In the years
TO come when the older home areas OF TINS
fiourishing division of the greater city are
noted for their many tall apartment
houses or hotels covering half block OF
more, or with office or loft structures OF big
proportions. II is a certainty that sales Of
ouch buildings TO investors will be just as
numerous as the transfers OF titles 10
small dwelling and business properties al
the present time. Then there will be Few
chances in the borough for the buyer with
little capital.
Now is a most favorable time for the
little trader, for higher prices are bound 10
prevail next fall. The present low cost OF
building materials cannot last long. Three
( or four months hence preparations Will be
made for the spring trade, and In the place
! of to-day's price list Of building materials
will be one with much higher figures for
all the essential things necessary to con-
struct a strong and attractive residential or
business property.
! In regard to the demand for dwelling
houses in Brooklyn. THE Real Estate Rec
ord and Guide" recently said:
"As matter of fact, Brooklyn is now the
| only part OF the greater city where prl-
vate houses of good types In purely urban
! neighborhoods can be obtained, ana tney
| are selling quite steadily in spite or the
| animadversions about the lack OF subway
| routes and other transit facilities. We
| do not believe that the exodus of home
! owners from Brooklyn 10 suburban points
within and beyond this state Is so, gen
eral as some would have us believe. Nhlle
| many owners bewail the movement OF
/ some families from the borough, they ian
| 10 observe the influx OF population thdt
| is constantly going on. There are thou-
sands of persons VINO prefer p, PllF ci,S
| to detached dwellings in the suourDS, ana
! II is we'll TO remember that BROOKLYN u
! satisfying this demand better than any
other borough, as well as supplying SUD
urban homes to a degree. This clrcum.
| stance should cause an enhancement OF
| private dwelling values in the borough
| commissioner of Public Works POUNDS
recently said that as many as four hun
dred families a week are moving into
| Brooklyn The Commissioner turtner sara
! that the hulk of the citizens of the Dor
! ough do not realize the growth that is
| under way The figures are based on the
official reports of the Board OF Health;
which are authentic. At this rate OF
growth there need be no apprehension
among title companies or builders about
the occupancy Of new tenement and two
| family houses in Brooklyn; because any
| overbuilding that has taken place I'm given
| districts will be offset by the steady in
| fux OF population alluded to. Further
! more. the circumstance augurs Wei TOT
| Brooklyn real estate generally.