New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-21
Is Watched More Carefully,
Perhaps, than Fifth
Ave. Realty.
OFFER LOTS ALONG
CITY'S PLAYGROUND
Sites Opposite Van COrtlandt
Park Will Be Sold at Auction
on Tuesday.

Even as steel has come to be regarded
Is the barometer of business conditions
so Broadway is the measure Of the ups
and downs of realty value. LAS Broad
vay goes. so goes the market" is say
ing common TO the ear Of realty men.
For this reason the trend Of Broad
way values is watched even more care
fuIlv PERHAPS than Fifth av., and all be-
cause Broadway. from 18th ST. north' Is
crossed at certain points by other prin-
cipal longitudinal thoroughfares' each OF
which has a character all its own.
Thus at each Of the junction points
along the line Of Broadway there is re-
dected the influence of conditions that
are peculiar to Fifth, Sixth, Seventh
Eighth. Ninth, Columbus, Tenth, Am
ste~dann ana West End avs, and 1urther
north to St Nicholas, Audubon ana
other avenues and streets.
However, at no point along Broadway
from the Battery to Yonkers, IS the H.
auencs Of a large playground, such as
central and Riverside parks, to be SEEM
except north Of 242d St. the present ter
minus Of the West Side subway "heH
Inc vast area of Van Cortlandt Park &C
cupies the entire east side OF the troi-
lev service thoroughfare from 24Zd 10
263d St, at the Broadway city line anu
nj the entrance to Yonkers, with us
growing population Of above 100000.
Haze then. is but one side TO Broad
NOV from the west side Of which the
land rises and falls in greater unduIa-
tiors down 10 the Hudson River en-
bracinq the superbly developed residen-
tiaI area Of spuyten Duyvii, F1eldston'
Riverdale and the territory just 10 inc
north of and within the bounds of South
Yonkers.
There are but two other psrk-faclns
thoroughfares on Manhattan Wlth "Iicn
the Van Cortlandt- Riverdale section Oh
upper Broadway can be comparisons
in Central Park West and the other res
idential Fifth av. The first OF these Is
built almost solid its entire length WIN
the highest grade apartment houses Inc
,o+,sr e. the location Of practically all
the most costly and palatial residences
and clubhouses the city boasts.
Central Park West has the Columbus
Circle subway station at its southeriy rt-
Ginning. an elevated road one long DlooA
~ the gest and only an electric surface
line along its direct line. Fifth av' has no
rsn,d transit line at all. and only the ser
vice of automobile omnibuses'
broadway, in the Riverdale-City hhe
section. has TIE terminal station OF inc
West side subway directly at It's SOUTH
erIv entrance at 242d St, direct conneo'-
ing trolley car service between this point
and Getty SQUARE, Yonkers. where con-
Yaction Is also made with the Sixth ana
Ninth av. Elevated Railway the putnam
Division OF the n. Y. c. r. K, lie"
hundred wards 20 the east, with the Caryl
station at Caryl az. continuation Oh
se2d 81 the Mount St Vincent station OF
the Hudson River Division Of the n Y. I.
X. r. at the foot of West 26lst ST. ana In
Riverdale av at 26Sd st.. another trolley
line that runs direct to Getty Square
Yonkers
Riverside Drive has no direct transit
facility except the Fifth av. omnibus SER
vice. is two blocks west of the Broadway
subway and four blocks west Of the ele-
waited road.
Values in these three park-fronting
,borougbfares are at such high levels that
only the wealthy can afford the luxury Of
owning sites facing thereon or adjacent
thereto for purposes Of residential occu-
nation. or else have reached the point
where builders of apartment houses can
not build proHtably unless they carry
their structures TO twelve stories OF even
2 greater height. according 70 the cost OF
the land.
ON the other hand. values IN upper
broadway. at the Broadway city line
where lots face directly on Van Cortlandt
park and are accessible TO the subway
elevated. electric surface and N y = H.
r lines. and where there is but one man
f-oro and entrance into the city are YET
low enough TO permit Of the erection OF
s,cb attractive detached residences on
those that grace the area Of tieidston'
Riyerdale. the Foster-schmidt co'ony'
Van CortlAndt Terrace. the Lawrence rs
tate. American Real Estate tract anu
other nearby sections.
However, il must be evident 10 an.
student Of real estate and city vaiues
that the day is close at hand wheh al