New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-20

property IN Mammalian ana BROOKLYN
than he was last year and also how
much has been the increase in the value
OF land and in the improvements made
Eventually this work will be extended go
as 10 encompass all the boroughs. and
when IL is completed any one will be able
TO note from year 10 year the enhance
ment or decrease in the worth OF water
front properties
BrookIyns Gains.
The new statistics of the Tax Depart
ment show that the market worth OF
waterfront property has risen rapidly in
the last year, and that Brooklyn water
front in the last four years has made
stupenduous gains There never was such
a demand I'm New York Harbor for Well
located piers or shipping facilities.
At the Department OF Docks and Fer
ries OF which r. A. c. Smith is the head.
there are more than thirty applications
for docking facilities on the waters touch
ing Manhattan Island. Brooklyn and
Queens which ii is impossible to grant.
All the city piers have been leased to
individuals or firms. and more piers will
have TO be built Immediately IL the pres
ent demands are TO be met.
The principal cause for the demand for
greater shipping facilities in New York
Harbor is primarily attributed to the
rapid growth Of the greater city; sec
ond. to the building Of the Panama Canal.
and, third TO the preparations being made
by terminal companies and progressive
shipping concerns which hope to take sd-
vantage Of possibly larger business when
the state barge canal terminals are
opened TO public use. Already the state
has spent more than sl50,0Oo,0oO on its
state barge canal system, and many mill
ions more are TO be expended TO enlarge
and make perfect the canal project.
AS above stated, the value OF all water
front land and Improvements in Manhat-
tan IL about SSO,000Oo0 greater for 1914
than for this year. The entire assessed
valuation for 1913 OF land in Manhattan
fronting on the Hudson River is So, $3.50
and OF the land and improvements sS2.-
90 500. The tentative assessed valuation
of this land for 1914 is $a2 1925, and the
total assessed value OF the land and I'M
proyements for 1914 Is sllO, 1855
Land Under Water.
The net gain In land in Manhattan
fronting on the Hudson Of so, J0s,2'5 NAV
seem somewhat large 10 persons CONVEX
SAINT with the physical characteristics of
waterfront properties in Manhattan.
Manhattan piers begin, as il were, AZ the
very shore line. there being little or no
upland between the entrances to the piers
and the first public parallel street Pier
Improvements in Manhattan are usually
taxed from the bulkhead line to the pier
head line, which is the extreme point ex-
tending into the water To which a pier
may be built The pier head line is cs-
tablished by the United states govern
ment.
While there is seemingly little land to
assess there are, nevertheless, miles and
miles OF it, but it is. with few exceptions
entirely under water. II IS the land under
the piers and on which the pier spilcs
rest
The East River waterfront in Manhat-
tan IS only slowly rising in value. and
this is said TO be due principally 10 the
treacherous eddies in the East River
which make navigation there extremely
hazardous 10 many kinds of craft. The
East River figures are as follows:
ASSESSED VALUATION.
1914 TOT.
~ land ..;.......... sl9oi7. 800 $40 76i on
All lend aud improve
ments .............. 22,97I.7oO 24s3s. co
INCREASES
Land ana improvements. ............. IgG6 80
For Brooklyn, the following figures are
the latest:
ASSESSED VALUATION.
Land . ssoo7o.as5 se5, S5Se7o soso 700 600
Land and
improvt l20, 2o4. 100 1876 4o5 300 100 0ooo n)
INCREASES FOR YEARS 1910 TO 1914 IN
CB'SINE.
Land and Improvements. ............ 10 0U0 O0o
Later, the appraisers say. the water
front statistics will be much more de-
tailed than those here given. and will in
clude all boroughs.