New-York tribune., 1922-12-24
Opportunities
For Investment
In Suburbs S
First Call for Vacant Realty
Will BE in Districts Con-
venient to Transit Serv-
ice, Declares AuctiOneer
By Joseph P. Day p


In the process OF rounding out The
City Of New York there must be not
only a general distribution Of popula-
tion over the districts more or less
distant from the eongested eenters Of
business, the extension Of rapid transit
facilities and municipal improvements,
but also the subdivision Of large tracts
OF land held intact for many years by
estates, private and corporate owners.
Each sale OF such properties, both
large and small, will constitute a fresh
opportunity for the home seeker 70
buy his building site nc his own price
at public auction.
Il Is logical 10 suppose that In the
process OF remodeling New York into
a "round" city the elosest-in, most
convenient and accessible residential
aud business sections will be the hrst
10 come within tie scope Of the de-
mand. Such a section is the district
lying west Of Forest Hills, Kew Gar
dcns and Richmond Hill, between and
ou the line OF Queens Boulevard,
Woodhaven Boulevard and Metropoli-
tan Avenue, which Is, approximately,
only ten minutes or less from the
Pennsylvania Station, and just beyond
where the Metropolitan Life Insurance
Company, the Greensboro Corporation
aad other prominent interests are now
investing millions OF dollars in apart
men. houses, Of both the elevator and
nca-clevator type, in two family houses,
u homes, IN stores and business build
ingl
The most recent factor in the devol-
Opment Of this most accessible section
OF the City Of New York, IN Queens,
was the subdivision and sale Of the
property known as Forest Hills West,
which surrounds the new Long Island
Railroad station known as datawok.
I began the sale Of this property on
July 5 OF the current year and sold daily
thereafter for about ten days, both on
the premises and IN the grand ball
room Of the Pennsylvanja Hotel, Man
ha..kn. The sale resulted In tho dis
pesal Of 3,i33 lots for total OF 81
POI .275, and IL was followed almost
Immediately b. the formation OF the
Forest Hills West Taxpayers Associ-
ution, which Is composed Of the 500 or
more buyers at the sale.
Many Buildings Planned
During the few months that have
elapsed since the sale plans have been
filed for more than fifty houses and
iusiness buildings % be erected next
spring. This total will be greatly aug
inonted by the large number Of houses
end business buildings for which plans
are now being prepared. The gale Of
this large number Of lots at an average
OF more than fsi2 each was indicative
OF the strength Of the lot buying and
home building movement in New York.
AT the present time the extension
and construction Of the Woodhaycn
Boulevard 70 the Rockaways are under
way and progressing rapidly When
his new eross-borough and cross-bay
highway Is completed Woodhayen
Boulevard, or Jamaica Bay CauseWay,
as it Is 20 be called, will be the princi-
pal automobile highway 20 the Rocka-
way beaches and the Atlantic coast, be-
cause Of the fact that IL will cut about
Twelve miles from the present round
about route.
Queens Boulevard, oy its widening
20 zoo feet will become even more im-
portant than II is now as the principal
automobile highway Of Queens and the
route Of the Queens Boulevard trolley
line which outlets az the Queensboro
Bridge Plaza, Fifty-ninth Street, Man
haitian. Metropolitan Avenue. 20 the
south OF Queens Boulevard. y the prin-
cipal highway out Of Brooklyn and the
route OF the trolley line operating be-
tween Brooklyn and Jamaies.
In the earlier days the late Cord
Meyer, who was one o. the first 70 see
the future and possibilities Of this
section Of Queens. purchased, IN 1904
the 800 acres now comprising the su-
perbly developed residential colony at
Forest Hills, end part Of the equally
a. fine Sage Colony, known as Forest
Hills Gardens.
The development Of Forest Hills by
the Cord Meyer Development Company
was begun in 1906. at which time the
only method Of transportation was a
horse-drawn stage that operated be-
(Csntiaus1 % pan, thrSal