New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-03-05
Property Comprises Three
City Blocks Along the
New Subway.

New Subway.
A syndicate, composed Of the ALI
ance Realty Company, William H..
Chesebrough and DANIEL b. Freedman,
has purchased from the trustee for
Henry Malllard, the candy maker Of
New York, now residing IN Paris,
about nlnety-tye lots lDeug the entire
Maiilard holdings, on Grand Boule-
ward and COncOurse, Mcclellan, Gerard
and Walton Avenues, and East Tooth
Street, comprising practically three
entire blocks ana located north OF
Tooth and south Of lOith Street.
This property has been owned by
the Malllard family for more than
atty years, having been acquired by
Henry Maiilard's mother IN 1864. rms
property lies between the two stations
OF the new subway now under con-
structOG, located, respectively, at lO@d
and lO1th Streets; the former station
at jerome and River Avenues and the
latter at River and l6ith Streets are
close to the property ltne iast-named
station being only several hundred
feet away, as Will also be the station
of the new Jerome Avenue elevated
which connects with the West Side
Manhattan elevated roads, and also
with the new suDways at Jerome and
River Avenues, the SAID stations OIL
the subways and the West Side ele-
waited extensions being contiguous and
virtually junction stations at both
points.
I'm the last few weeks there has been
a decided buying and building move
ment IN the West Bronx, especially on
and adjacent to Grand Boulevard and
ConcOursc, due to the approaching
early completion of the new subway
and extension of the elevated, winch
will supply TO this great boulevard the
only factor which has hitherto been
lacking. direct access by rapid transit.
One block north Of the property Is an
important cross thoroughtare extend
ing from the east 10 West Bronx. with
railroad trolley connections across The
Bronx and TO the new rapid transit
stations as well as those OF the roads
now IN operation.
This SAFE is interesting not only By
reason OF IT'S magnitude, but also as
an illustration Of the development
which Is taking place on the Concourse
for a b gh class OF apartments as well
as sites for educational and religious
institutions. Within the last few
month, there has been completed a ten
story hreprOOf apartment uuad'H& on
the COucOurse with an euIfely sue
cessful result. It is generally expected
that within the near future the num-
Der Of high class apartment structures
which arc now projected or under way
upon the Concourse viii be greatly in-
creased and that the location OF TINS
property, 50 close 90 Manhattan, and so
accessible 10 all tran sportaton, should
insure ITS early Improvements, ratt'cl-
larly as II Is now Do hands when are
capable Of subdividug 10 as desired.
IL Is also interesting 10 note that th.'
is ii case where foreign investor has
sold real estate. This has been q ca5h
purchase.
William II. Chesebroush has pur-
chased from the estate OF william H..
Htlsmcyer ITS interest I'D twenty seven
lots fronting on jerome Avenue, facing
81. james fark. and beg unlnS 'Ol Zee.
south Of King bridge hoad.
These lots have iIouta-es on jerome
Avenue OF 2S5 feet north OF ly2nd
Street and 6oj feet south thereof lney
are uaimproved and available Tor m
mediate Improvement The completion
of the elevated extension Of the new
subway system nov under cod91Iuc.
ton. which viii have station al
Kingsbrld-e load. has caused a recent
revival of interest and activity I'D
property on jerome Avenue ana al
Jaccut thereto.
These lots were acquired by the
Jerome Barnard Associates, OF when
syndicate William +. Have eyef was q
member, about slx years ago lhey ai5
located az grade on the westerly side
Of Jerome Avenue, have an attractive
outlook facing ,ha pa!k and are eope-
ciallv convenient because OF ther loca-
tiop m, well built up community OF
kingsbridge They are especially SUIT
abIc for a GOOD class Of apartment
houses. with stores ON the grade uoor
They will be offered 90 builders M
plots 70 suit. The consideration was
cash. there being no element OF trade.
other sales follow:
FORT WASHINGTON Ay-Cuaer F. orcr.'ti
has sod f.. ut N4.c. t..... l' 'lt '... y
Tfs.t,.ug O. upary .It r.l. .'A.' Ut I'D. Do"
e.s, ,.a.e1 .t i.- Nas.- b '. a' ti 81,
DAVID G. N,,.l.. as s..i..' .'' ,1 ..
i.,. TIL. U-e .H.t F.. "St q, ORG,
ere. on Of six s0' house VIZ" .. IL a. g'" or .l
cuu has poured --.I.s a.l permanent .o'i'
i'T r, 'eg ~ ..n,. siaoou nav. bought through
80 r. I.,'.-. |lfl me 3. F,c It.t.y COM
plJ rs VS. lo.t So. i've SOY H.. '' p-'i
u .ylUf f..r Ar.,..llau ~
--I ST. -i4..- ,..slsg. have s'.i fer Re
soy al,. aa 20, -,.iyo5. between ls.to al Ea'-
I'D Sr-Hap lev h,s .r1 FOR '.- M''s .,,t
L,..h % -'e 81 r.s -, ......s Fam +, owed
"f, ,5 ' 81 a., e,,ns 3 Haamsa.- ss'. sod. I'd