New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-27
APARTMENTS FOR
MAPLETON PARK
Sites for Houses Sold Re-
Gently Aggregate AL
most 100000.
LAND ALONG NEW
BROOKLYN SUBWAY
Plans To Be Filed This Week for
Improving Block with Four
Story Buildings.

The opening of the Fourth Avenue
and Sea Beach subway a week ago last
Saturday was marked by scenes Of
great rejoicing at Mspleton Park.
II was there the first stop was made
on the return trip from Coney Island
Of the eight-car train carrying officials
and guests numbering almost one
thousand persons. The train started
from the Chambers Street station in
the Municipal Building, Manhattan, at
1895 o'clock in the afternoon. Among
the officials were Borough President
Pounds, Chairman Mccall Of the Public
Service Commission and Colonel Tim
othy S Williams, president Of the
Brooklyn Rapid Transit.
There are three stations of the sub
way in Mapleton Park. At the Fifty
sixth Street station the party alighted
from the train, and, headed by the
Brooklyn Rapid Transit band, paraded
through the section TO the Twentieth
Avenue station. where the party again
boarded the train. The stop was ar
ranged by Colonel Williams as a token
Of appreciation for William Sugarman,
president Of the Alec Building Com
pany, whose activities have chiefly been
responsible in making Napoleon Park
the popular home section II is to-day.
Numerous obstacles were encountered
in getting a right of way for the sub
way in stretches along the Sea Beach
route. Mr.. Sugarman's cooperation
helped considerably. He was one who
made good his promises in this respect.
He was helpful in other ways also IN
the interest of the subway.
There seemed 10 be a rivalry on the
part Of the residents at MapletOn Park
TO make the celebration a memorable
one. Homes were decorated with flags
and bunting. The official opening Of
the subway 20 the public occurred on
Tuesday last. This gigantic operation,
which represents the last word in sub
way construction. reduces TO about one
half the former time in reaching places
along its route.
According 10 reports from various
sections. the effect Of the subway open
ing in relation 10 realty interests has
already been shown. A number of in
terestinC sales Of plots and homes have
been announced in the last few days.
A humber of building operations. it is
said, will soon be started. Mapleton
Park has been a place Of considerable
home building activity in the last few
years. The Alec Building Company
has erected block after block Of houses
in this section.
With the exception of some corner
houses, most Of the homes are semi
detached. Houses are built of brick, }
with decorations 10 suit the occupant
The cost Of house is $4,000, with an
initial payment Of $500. The balance
of $500 consists of a first mortgage
OF S3.250 at 5ia per cent and a second
mortgage of $3.50 at per cent. The /.
carving charges total 1869 4 month, f.
or total of S442.67 year. The sec .
ond mortgage Of $3.50 is for twenty /
years.
The Fourth Avenue and Sea Beach .
subway line at present extends from .
the Chambers st. station TO Coney I
Island. the route being across the Man .
haitian Bridge TO Brooklyn, up Fourth /
av. 20 Sixty-fifth st. and then through I.
the Sea Beach open cut, physically the
shortest transportation line TO the
beach. BY making a short cut through .
Mapleton Park the trains, which are T.
operated by the New York Municipal
Railway Corporation (the Brooklyn
Rapid Transit. are az present making
the trip from Park Row 70 Mapleton
Park in twenty-nine minutes. This .
time will be further reduced in few
months when the express tracks, not
yet ready for use. are put into opera
ton. The time will then be twenty
four minutes 70 Mspleton, with Coney
only seven minutes beyond
Speaking Of the effect which the op-
Grafton OF this line will have upon
realty values in the territory within
easy walking distance OF the various
subway stations. William Sugarman
said yesterday:
'It does not take an expert in realty
values 70 see shat this subway has al
-eady placed the real estate adjacent
o IL in the same relative position as
he New York subway did for realty
long its line when il was FIRST eN-
ended into The Bronx and later into
Washington Heights.
"Although transit improvement is not
he only factor in making for enhanced
aluations, il is, Of course, the one i'm
ortant prerequisite; the railroads have
made this nation the great country
,hich il is to-day, and similarly the
ubways are quickly making New York
ity the leading metropolis OF the
orld.
"Considering the fact that Napoleon
ark has in the last ttsee years shown