New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-01-02
For Sale and Profitable
Investments of Realty,
Claims Kennedy.
MARKET ENTERING
GREATEST ACTIVITY
Auctioneer Predicts That Bigger
Fortunes than Ever Before
VIII Be Made.
ny BRYAN l.. KENNEDY.

From the beginning of my associa-
ton with real estate. more than thirty
years ago, | have had supreme con
fdence in New York City, and have
at all times held tho opinion that money
invested in its land and buildings was
the best invested money in the world.
To-day am greater bull than ever
on New York City.
Having witnessed tho unprecedented
growth and expansion here, have al
ways found it hard to understand why
many intelligent and successful men,
who, following the example Of the late
J. T. Morgan and Z. II. Hartman, are
bullish on the United States, thereby
enjoying the fruits of prosperity which
the brave receive, so lack confidence in
their own great City Of New York as
20 be pessimistic regarding It's real es
tate.
Why be bearish on the City Of New
York? Why have a short sighted and
perverted vision and worry over slight
! increases in taxes or the calling Of
few mortgages where lenders have been
careless and made 100 liberal loans?
WHY not be sulls on New York City?
b Here we have the imperial city Of
+ the world, with more than j,0O0.OOO in
I habitants. wrestling the financial SUE
premacy from London, and destined 10
/ be the very heart Of world finances IN
the future The great war ls the lll
wind that has blown good 20 us. The
/ opportunity we have waited 20 take our
place ne the worlds foremost city has
| been presented, and we were ready for
/ a.. The place we now have assumed
never will be wrested from US.
The mighty city is gradually being re
built with wonderful structures, which
Will stand for centuries as monuments
10 the energy and skill Of American
capital and enterprise. Out OF its own
pocket the great City or New York Is
taking nearly $4OO,OO0OOO with when
10 construct the most comprehensive
transit system ever undertaken at one
time. by which the various bOroughs
will be bound in still closer union for
expansion and betterment, and great
fortunes must be made In the future,
a. they have been made in the past,
along the new transit lines, and my
motto has been for the last seven years
to purchasers at my auction sales,
4 Follow the lines Of the subway" Soon
New York Will be the gateway for the
myriad hosts of men who VIII come
from war ridden Europe 90 become use
/ full citizens In this land OF opportunity.
They viii find city humming with
industry, surrounded by waters from
which vessels win start laden with
cargocs 20 feed and clothe large part
of the world. They viii sec city of
beauty, with unequalled parks, the most
wonderful hotels in the world, the
/ finest theatres, art museums and gal
leries TO attract the wealthy from every
part of the country, and splendid homes
being established In greater numbers
/ every year by those 20 whom the sp-
peal Of New York is go great that they
spend at least a part Of the year here.
Prosperity i'm Wall Street presagcs
prosperity IN the commercial aid real
/ estate fields. As an indicator II has
never failed in the past. One year ago
[ the outlook In all lines Of cndeavor
was the darkest The Stock Exchange
has had one OF its greatest years; the
country's crops are the greatest in its
history; labor is fully employed at the
best wages ever paid; capitalists and
laborers throughout the United states
are making money in greater volume
than ever before. Prosperity is here and
here to stay.
In New York City it is reflected in
apartment homes rapidly being filled
10 the last tenant; IN the Office space
i'm UNPRECEDENTED demand by great
concerns which are taking over the
worlds trade, and in call for all
g. ssrrrrf foo Hfrr ffr a.
/ purposes where goods can be made for
which the whole world Is crying. !
( say that the real estate market rs en-
tering on the period Of its greatest
/ activity and that fortunes arc going
10 be made there greater than have yet
been taken out of the land of New
York City. Available vacant land, par
/ ticularlv IN The Bronx and nearby
/ Long Island City and Brooklyn, along
/ the lines Of the new subways and
/ railroad facilities, offers great oppor-
tunities for builders of apartment
| houses and factories. and the oppor-
/ tunities here presented will greatly
| aid in making a very active real es-
tate auction and private sales market
/ in the spring.
/ The great popularity Of property IN
the west Bronx, near the new jerome
Avenue extension OF the subway was
/ forcibly demonstrated by the most
successful auction sale Of the year,
/ viz, the auction sale held by me last
/ June by order Of the Upland Realty
/ Company of 172 lots in the vicinity OF
/ 172d Street, Featherbed Lane, Shakes
peare Avenue and Macomb's Dam
/ Road. where very active bidding re-
/ suited i'm the disposal OF the lots at
very satisfactory prices to the sellers.
Div own private sales department has
done more business during the last
/ two months than during the two years
preceding, and the demands on US Tor
property of all kinds are greater than
/ at any time since the boom nine years
ago.
During the thirty years my Opt,
mism regarding New York City real
estate has never wavered, the optimism
handed down to me by my father, the
/ leading real estate auctioneer ana
broker of his time, who established my
present business in July, lS4l, nearly
sixtv-nine years ago, and whose en-
thusiasm on New York real estate was
the basis OF the making Of many tort
unes among his long list of clients
and, / repeat, ! am greater bull on
II to-day than ever, FOR the opportunl-
ties for sale and profitable investment
I -. u.,,.r O. Good az thew are now.