New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-06
Got Many Thousands in
Bedford Park Section
Syndicate Bought Plot of Thirty-two Lots for $4,000
in 1884 Each Member Putting in Pool About $3.50
Cash-For One Corner Of Parcel Sl65,O0O
Was Offered Two Years Ago
O.hor Big Transactions

esrecia'y bright future Nam % us
..rgfod n. 'rc enthusiastic fellows VINO
tried their best 20 get Us to buy prop
cr-v ir tho centre. \O" those ielloWs
can enjoy a good laugh at our expense.
Looking a: the grand record made
bv the Bedford Park section, do we
no. Try g intensity any doubts tnat
We NAV have as 10 tho brighter future
awaiting he section by saying 70 our
selves that . does not seem posslpIc
TIA. the centre viii ever again present
20 US such wonderful opportunities as
E. did IN what we refer 20 as the
ha'cyon days Of realty? We had more
and serious doubts about the section in
.tc distar, pas-. but we realize to-day
that our doubts were baseless. What
ever present doubts we may have are
not ONLY baseless bat ridiculous ne
NV .r2rei' lines arc of themselves
sufficient 20 bring about S'upendous
enhancement Of values throughout me
rnt-rc section.
Continuing. the speaker said: Vow,
let. 500 some of the rises IN property
nricos IN the section in about the last
.L:r4v Years or less one Of the cnolc-
os. rarcols Or the entire section IS that
q. the southwest corner Of WEBSTER aN'
and the Bedford Park Boulevard or
2O0th St. owned and OCCUPIED DN 'he
real estate brokerage house OF nara
Brothers. ~ 1884 this corner prop
orty contained thirty-two lots. II was
then sold by tho Manhattan savings
Bank 70 Julius Toussaint and others
Cor $4,000. on p payment OF aoou'
g o0O cash. The balance being on mort
raro. The etorv or This property may
convov 20 YOU p fairly accurate idea o.
the lrrc Of realty
Now much money did each Nom per-
o. the syndicate put into TINS deal
was asked.
"Abont $3.50" replied the real estate
man "Not much money 10 invest IN "a
roa',v gold mine. ch' The syndicate
div,ded tho plot The corner parcel
rrortirg 100 feet on Webster az. ana
i2O feet on the Bedford Park Boule
ard sold two wears later, or aooui
1859 for $4,000. Between lss6 ana
1891 the corner parcel became less IN
area owing 20 strip beng taken Iot
street widening purposes' III Io'i
had a frontage OF ia lGtI on
,,l.,iovs,d and 100 feet on webster aN.
ard IL was sold IN that year loI Nl D.'i
90 Goorge Punk IN 1872 George kuhh
80 ,bo pronertv 20 +. Cannon Tor
90 600 who erected FIVE three story
building. with stores. O'Hara broln-
49,. purchased the property M l9V2'
,avirg S66 800 for the site ana ouId,,
r,'gs Comrarc this with the sum paid
for The entire site Of thrty-two io's in
,oo5 ord we a. once begin 10 be I'M
,ossod with the realty power OF me
Is,:on Now. what do you thlnk
O'IIora BROTHERS were offered for the
,,oncrtv in 1872" asked the speaker;
F"About 100000" said the person al
dressed
wei. about $4,000 Tor my Se'o""
'"Hirher still"
"Sl35. 900" .i.t,,od
ostote man. "Thcy were Of
tnrod sI45 600. The gross rental o. me
.xo,ar,y to-day is $4,000. Right oppo-
tho premises IS 20 ne an express
~. of the Webster av. line OF me
s SI"'.G' o. i How much do you ihinh
riocirg Of an T. station mere :
.mt fo enhance the property Many
.,Sooo,,eands. without doubt
Heres another study IN 'he r@plu
$50 I'M real estate values I'D WV ~
80, " added the real estate man ~
hing his hands HIS lace WE ~ e.
olhS ,iies He was evidently enjoy.
VIZ" rccital Of the upward rise OF
ing u's ,be section just as much as
vaIuSS ror The block on which - the
We h'"ts oIIara Brothers, real estate
JJnJ,~s and agents. Is boundeu py
3roSc, a,I Decatur avs, 20Oth s. or
No G1SI Park Boulevard. and and 1921 81 81,
The southeast corner Of 2o oS1 ST. ,H ana
az % Ssc and sod rd1 D tgs some ne
,o,,,oued on page 3, column