New-York tribune., 1911-10-22
BRONX OUTLOOK BRIGHT
Northward Drift Of Many Specu.
Iative Builders Well Defined.
SOME LANDMARKS RAzED
Brisk Spring Markets Anticipat-
ed for Plots in New Rail
road District.

lOo0 0AS " NV
Realty conditions in The Bronx are quick
=, improving 1t IS now generally thought
hat there will be brisk market before
.eyt spring for large vacant sites. and also
or modern houses. in the West Farms sec
,,on and. furthermore, for building sites
.o-,h OF Rhinelander avenue and White
,,o,ns Road. near the New York West
..sster 4 Boston line. High speed electric
,,sins will be in operation early next year
:, the southerly part OF the road
Ruvers are at present we'll scattered
..roughout every attractive nome and busi-
sess zone OF the borough. Speculative
..,uders however. are not as numerous as
.,sv were al this season a year ago. Yet
.bs-e are plentiful evidences OF extensive
obstruction work, which has already given
% SOME well located centres most pleasing
s.,iding lines and better still, an appear
.rce OF great realty strength.
where many old landmarks stood a few
.,,ths ago are either inviting dwelling
uses o. substantial fathouses with stores.
The total cost OF all the building projects
s.-takcr so far this year IS considerably
,,,e than 900, and that is big sum
=, period following one of widespread
,,g5ing activity of about three years du-
ration
several sections Of the borough are a
s,tle topheavy, as IL We're. as regards fat
sorses The percentage Of vacancies proves
,tat fact But by spring the supply Of
vsu Manned fathouses centrally located
,riu about equal the demand. Then there
Will be manifold opportunities for success
f,Uv launching big fathouse projects and
rsnosiDg of the new buildings 70 investors
,efore the summer dulness is at hand.
n there is an unpromis;ng speculative
..,ior In the borough il IS unknown 10 the
.,1frl managers Of realty business. Some
,lsces IL IS true. are sOrely handicapped
~ an abundance OF owners Of big vacant
,iots who have inaccurately determined
~ value OF their properties, and their
so,siDg prices are nearly twice the market
z,-,s Of the land. This attitude Of owners
,ss driven some buyers 20 other parts of
.,s borouch where there is much land for
sale A. r-ght prices. Investors not sure OF
,be,r footing in realty walks should not
hesitate % buy on that account. To keep
css- Of difficulties all they have 10 do Is
- STICK close 10 the main arteries OF travel
!, the borough. and 10 stay within the
horjers of the we'll established centres
,sspts AZ buying and managing are usual
~ ,ba uainstays OF the market for new
products and 20 them II appears that no
.sltv difficulties too severe exist. In old
AZ new territories they are conspicuousiy
happy and busy.
The borough is noted for its number Of
,o-Der properties Of high speculative value.
o,5 settlement and road lines have been
e,-efully preserved. and that is why there
,-s more corner sites in a square acre Of
ard in The Bronx than IN a similar area
of ground in any other borough.
Scores Of traders have a deep-rooted
.onduess for corner parcels, and their
wants in this respect can be well supplied.
Owing 10 this physical characteristic Of
ne street boundaries there are hundreds Of
extra good income producing houses occu-
pying corner sites. The rooms Of the
houses overlook. or, rather. front, on two
% more streets.
Some sections closely resemble the street
plan OF old Greenwich Village. the thor
oughfares running in all directions and IN
such a z.gzag way as 20 beWilder many
parsons. AnRularity in street making al
most 10 the highest power is everywhere
visible In the Highbridge. Morris Heights
and Fordhau Heights districts. And IN
TIE region southeast OF Crotona Park the
acute angle type Of block predominates.
This wide divergence in street plan IS not
al all a hindrance 10 profitable building
.or light and air are well conserved. ana
light airy rooms command higher rental
,ba, aa-Iy s+rlAfv quarters
South Of Crotona Park.
One OF the most attractive home baili-
vicks OF the borough is south and south
sss Of Crotona Park. II is 10 have
large theatre The playhouse is to be
butt or a plot 1zxl47 feet on the westerly
SIDE Prospect avenue, l92 ta.. north or
I'd t-eet The property wa recently
bought by Archie Bimberg and A. J. Wei
sr from Augusta Liebertz Alexander
Ss.kn and Elias Epstein were the brokers'
Marv other Bronx sites have recently
been bought FOR immediate improvement.
Charles Veltz sold 10 Henry Hultz q GO.
plot 8x-95 feet. on the south side OF
18th street 2-S feet west Of Washington
avenue. The company will erect there
ace and embroidery factory A client OF
hugh p Smith bought the block front on
The south side Of 1Soth street. between
Hughes and Belmont avenues, with front
sges OF lsl feet in lSJth street, l2 feet on
Eughes avenue and 80 feet on Belmont
avenue 4 group OF four five story houses
sith stores will De put up on the site.
row of two family brick dwelling
houses has been planned for plot Of six
9,s on t.e westerly side Of Carpenter ave-
e. On feet south Of 10Th street John II.
Bshrmauu sold the premises 10 the persons
Flo Will improve them.
On the ,asterly side Of Washington ave
nue, north of ,-2d street. two six story nat
houses sr- erected by Leader & sill
yernar. he plot early this season
from FL. ard through H. j. Radin.
he plot has frontage Of 100 feet and
depth ~ -pJ i-.t The Reille-Siesel COM
pany acquired the plot Of eight lots on
the westerly side Of the Southern Boule-
yard 20 feet south Of l73d street 1Ton
Grosnan Brothers & Rosenbaum, through
Arnold Byrne q Baumann. Apartment
houses with stores Will occupy the site
builder purchased for Improvement
pot 52IU1 feet. OL the north side or mar
rngton avenue. 10 feet east Of Mayho"er
Avenue from Edward J. CahilL George j.
GcCafrey. jr.. was the broker In the trans
action Philip Kaufman is going 10 ere''
FIVE story apartment house on ploe
cxS feet. at the northwest corner o.
honeywell avenue and West street ne
bought the property through John a
War1h from Mrs William McCanerty' -
'ie southeast corner Of 1S0th street anu
Ihlrd avenue the Kellwood Realty DOii'
Sany VIII build hathouses, with stores. -
A,ely bought the site. which is ABOUT i''A