The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-11-19
BUILDING GAINS ON
EAST BRONX SHORE
Old Estates Thrown on Market
Open Up Vast Number OF
Home Sites.
NEW SUBWAY GREAT AID
Housing Famine and Exemp-
ton Law Offer Favorable OPP
portunities to Sell.
NEW SUBWAY GREAT AID
TT HE influence Of water frontage in

TT HE influence OF water frontage in
the choice of New York city
home building site has been mani
tested to q degree In the last two years
in the Throgs Neck. Pelham Bay Park
and Eastern Boulevard sections OF The
Bronx. where more than a thousand one
and two family dwellings, bungalows
and taxpayers stores have been erected
since the dozen or so of old estates began
to be sold at public auction.
The close proximity Of Long Island
Sound and Eastchester and Pelham bays
has been the one big factor in the sales
of such sites.
The Transforming building movements
that have followed rapidly in the wake
OF these sales must be attributed in
large measure to the influence of, tax
exemption and the benefits to be de-
rived Hereunder In the shape of SUBJ
stantial saving In taxes yearly until
April. 1882.
The third factor was the extension OF
the Lexington avenue-Peiham Bay Park
subway in Westminster avenue to Pei
ham Bay Park with q station In West
SiCStSI 0qidic dl E<dSl lTcHlOuI dVenut,
the gateway to Throgs Neck. In that
instance of rapid city growth the extern
sion OF the Lexington avenue subway
was of first Importance. Long before
the section had transit facilities of any
sort many OF the wealthiest and most
prominent families Of New York pur-
chased large tracts of land between
EastcEester Boulevard and Long Island
Sound for the establishment of residen-
tial estates.
Those large estates were preserved In
all their integrity from one generation
to another, but with the advent of the
subway and a cent fare their owners
were quick to realize that their proper
ties almost Immediately would be
brought within tho scope Of the home
builders demand and that the adoption
Of the tax exemption law by the city Of
fered them most favorable opportunity
to dispose of their properties in a market
erected on the housing emergency.
At that psychological moment Joseph
p. Day saw his opportunity and began
Immediately to exploit the Throgs Neck
and Long Island sections as Offering an
exceptional opportunity under tax ex-
emption for home seekers to build one
and two family dwellings, Of moderate
cost.
Throgs Neck, along both sides OF East
fremont avenue. is practically sold and
under Improvement from the Eastern
Boulevard to the intersection of East
fremont avenue and East 177th street
at Dewey avenue.
Sales of estates back OF the Fort
Schuyler Reservation have carried the
Building line to a point far beyond the
intersection Of East fremont avenue and
East 177th street, and with the result
that practically no large tracts of land
between Eastern Boulevard and Lawton
avenue remain unsold, leaving only tho
comparatively small area between Law
ton avenue and the Fort Schuyler Reser-
walton and comprising only one or two
estates and the bathing grounds. Locust
Point and Silver Beach.
The narrowest part OF Throgs Neck
is the section between Lawton avenue
and the Shore drive. having the East
River as the southern boundary and
Long Island Sound on the north and
east.
No other part of the Bronx mainland
extends so far into Long Island Sound az
does Throgs Neck and the Fort Schuyler
Reservation, and Fort Schuyler points
almost directly to Little Neck on the
Long Island side of the Sound.
Home building along Eastern Boule-
ward and Long Island Sound, which un-
til this year extended only to Lohbauer
Park Is progressing toward Pelham Bay
Park, directly south of which Is the
Spencer property. sold recently by
Joseph +. Day at public auction.