New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-10
Comparative Tables of AS
sessments for 1912 and
1913 Reflect Higher
Worth of Piers.

w OTIn Oh Tiers
Waterfront property in the greater city
ls more highly priced than at any Other
time in the history of old New York; and
Il # extends along the North or East
river or the Lower and Upper bays it is
about as valuable a realty asset as the
most active Spectator or investor can
find.
More has probably been done in Brook
lyn TO add to the value of the harbor as
sets of old New York than in any other
borough.
And more work of this character is
being carried out in the beautiful borough
Of homes and churches and of many other
delightful physical features than else
where.
Most of the pier and warehouse pro-
iects. too, are the creation of concerns
with ample financial resources for doing
such work on a scale where the highest
utilization Of water frontage can be had.
Some big owners of waterfront prop
erty in The Bronx are considering the
development Of their sites. Millions are
TO be spent
Moreover, the shore line of Richmond
is. according TO scores of real estate eX-
perts. not only most suitable for piers
Of the greatest length, but is long over
due for transformation into one OF the
most valuable shipping terminals and fac
tory areas within the boundaries of the
metropolis
But BROOKLYN is not hkey to have its
prestige or strength as a borough with
p-to-date and rapidly charging shipping
facilities lessened by the development Of
harbor or river sites in those boroughs.
II is confidently expected that the
Panama Canal will result in the forma-
ton Of many steamship lines. with this
harbor as their home port. A large num-
Der Of them WILL 1t is thought, have piers
on the Brooklyn shore.
The state barge canal will also increase
the Importance of the waterfront develop
ment OF Brooklyn. A state barge canal
terminal will be in the Erie Basin. That
decision was announced some months
ago.
There will also be other similar ter
mlnaIs along the Brooklyn shore.
The DEVELOPMENT of part OF Brooklyns
yaterline in a modern way has already en-
iarEed the taxable worth of many adjoin-
ing or nearby home sections by many
millions.
Internationally building activity in those
home centres is directly traceable to the
newer pier and terminal facilities.
The great terminals and dock improve
menta in South Brooklyn created bigger
demand for fats within short distance
Of the 18th street ferry. In response TO
that demand scores of speculative builders
placed long rows OF fathouses on sites
that had for years been part Of big vacant
tracts
OF course, the building Of the Fourth
avenue subway is considered one or the
biggest factors in the vast changes In
the sky line Of South Brooklyn In recent
wears. But the new terminals there
broadened in an unusually large way the
avenues for employment. and consequently
made possible the quick renting of row
after row Of modern fathouses as soon as
they were ready for occupancy.
The improvements being made at or
near the Erie Basin will certainly result
in a reawakening Of building interests in
the Red Hook section.
The enhancement Of values Of water
front properties IN Brooklyn is clearly re-
dtcted In the comparative tables OF assess
ints for 1912 and 1913 for piers, ware
'nses, ETC., from the navy yard TO point
sogth OF the Erie Basin. The tables are
as follows:
Location or Assessed value.
owner Of record. pier No. 1912. 1913
AIOuckle Brothers-Betwe 49,.
Jay and Adams streets. $4,000 s21s5OO
ATbucke Brothers-Between 1900.
Bridge and Pearl streets. SsS, 900 $4,000
AIoOcNe Brothers-Between $4,000
Bridge and Gold streets. $4,000 $4,000
Kings 90. Electric Light
snd Power CO.-Retween 49,.
Bridge and Gold streets 2,9i3.oOo $4,000
Natl0nal Lead CO.-Between
GOD street and Hudson .- nm
avenue and East River f ei1o $4,000 7soOos
Cnknown-At Hudson ave- 1
,nle and EAst River. 5,OOO SUVV
Tmladephia and Reading
toal and Iron Co.-Be-
Adams slr ss1s s'.. anu 10000 1i5 800
tnknoUn-Between Wash
mg'on and Adams ,o.oo
ArbuckIe Brothers refinery
East river . snee. ""I $4,000 $4,000
Arb0ckle Brothers refinery
.BetNeen Pearl and 5000 ,,e.ooo
Ab0ckia Brothers-Betsecn -
Jay and Bridge streets. 53S,0oo H2Ooo
Jay and i'i BriSss streets Ge $4,000 10000
- y. BrOohman estate
Bridge streets -. 1900 1880
Afbuckle Brothers-Between ooo
Jay and Bridge streets. l60.0OO iooVVV
hngs Co. Electric Light
snd Power co. At
streets ooia an' 2so.5OO 1888 800
bDuckle Brothers At
Bridge, Gold and John ,oo .oo ZOO no
NsIsets .........-.....s.' 7"''"'' "-''N
national Lead Coat Hud-
Son avenue and Gold ana - 80 900 ooo
:, John streets .........-., Eio'oW %oo'""V
Ffooklyn Union Gas Co.
f--Between IAttie street 90. so ooo
a ana Hudson avenue ...s.. l9O'VO ifo'VO'
Ssay Street TeFmtnal-Be-
tween Main aud Dock 80 ,oo IA. ooo|
tuetu .......,.....s.ss.' SvV.'"V N~