New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-08
This Retail Trade Hub Has
Been Improved in
Recent Years.
LOFTS AND STORE
ON OLD STABLE SITE
The Section Is Most Suitable Tor
Little Speciality Shops and
Big Apartments.

one of the most important centres OF
Brooklyn is OF Seventh avenue and union
street. This centre is part OF tho great
Park Slope district, and is therefore one
Of the most attractive residential sections
OF the borough. Within recent years the
southeast corner of the two thorough
fares has undergone vast change LOT
the better. The corner was long occupied
by the Hollingsworth stables.
The outlook in the district is considereu
very encouraging in investing and specu-
lative circles This charming home region
has been for years without subway faclii-
ties, except at the extreme northwesterN
point at Flatbush and Atlantic avenues
The plans of the dual subway system pro-
vide for linking with two routes 'his
part OF Brooklyn to the great under
ground rapid transit lines one line to De
controlled by the Interborough and the
other by the Brooklyn Rapid Transit
Company. 1t is unofficially reported that
one of the stations on the Interborough
route Will be at Eighth avenue and on
the Rroollvn Rapid Transit line at Sew
enth avenue The distance between TINS
and the sites selected for the subway
stations is a little over five blocks anu
consequently the subway stations VIII oe
within an easy walk of the entire region
At the present time many persons IVl1e
in the section with their place or pusl-
ness In Manhattan walk daily To anu
from their homes and the Atlantic avenue
station of the marlborough subway line
They enjoy the walk. and also save extra
carfare. Their homes are really Wltnih
a scent fare none OF their place OF DUST
ness
more conveniently located residential
and trade centre than this Seventh avenue
and Union street hub would be nara 10
find The greater part OF the entlre ols-
trict is composed Of dwelling houses OF
four and five stories, with Easements
Among the occupants are many persons
prominent In business and social lie.
Tho home Of the late Mayor Gaynor' az
No. 20 Eighth avenue. is within the area
N question. Here and there are some
hirh class apartment houses. some OK
these Brooklyn buildings have been erect
cd by men long prominent in adding TO
OF Manhattan, who turned their backs on
the fields In which they were first success
full 10 launch enterprises OF similar
character in Brooklyn. because the price
for land in northerly Manhattan was not
as tempting TO them as those for sites IN
this part OF Brooklyn.
Although there are few vacant sites IN
the district, the region lends Itself reaoliy
10 the changes which are now taxing
Mace there and which are likely TO con-
,,nue 10 be tho dominant factor In its
huiIding improvements for many years
spsculators ind It profitable TO replace
IN. old brownstone and brick dwelling
houses on various sites with modern build
ings OF the apartment house class. Inc
popular type OF apartment mouse mere
and the most profitable one to erect Jude-
ing from their number. is the four or nVe
story structure. with four families 10 the
eoor with rentals running from 30 up
Th. old fashioned dwelling houses mo
,ssdv l.ssees at from 1900 TO SLOW
wear. and are for sale at from WOW" up
Along Union street, north and east OF
the hub at Seventh avenue. the average
rental for dwelling houses is 80 a month
ard the market value for similar
structures Is from 1850 up. These figures
may seem surprisingly low to persons
trading in Manhattan properties. Ihey
furnish an accurate idea OF the almost
unlimited chances for profitable specuia-
ZION in the section.
The old Holdings worth stable, at the
southwest corner OF Seventh avenue ana
Union street. was bought about TWO
wears ago by the Desmond Dunno Com
many from the Hollingsworth estate ana
altered into "A store and loft structure
The stable was put up in 1856. some years
before the advent OF the automobile. IN
those days there were quite number OF
well known men who spent many hours
each DAY driving behind fine teams OF
borses. Private carriages were also much
I'm use by many families on shopping
,ours or on pleasure bent
The former stable property has 'front.'