New-York tribune., 1922-11-19
Waterfront Sites Popular
With SnnaII Home Builders
More Than 1000 Buildings Have Been Erected ON
Ihrog's Neck i'm Last Two Years; Outlook Big
Factor in Attracting Buyers 10 District

erected, following the partition of old
Colonial estates.
The close proximity of Long Island
Sound, Eastchester and Pelham bays
was big factor in these sales, the
success of which IVES one of the out
standing features of the real estate
and building markets of 1922 and 1921.
The Transforming building move
ments that have followed rapidly in
tributed in large measure to the in
fluence of tax exemption and the bene-
fits to be derived until April, 1882.
The extension of the Lexington Ave
nue-Pelham Bay Park subway, in West
chester Avenue, to Pelham Bay Park,
with q station in Westchester Square,
at East Taremont Avenue, the gateway
to Throg's Neck, while of first i'm
portance, was secondary to the natural
advantages Of the neighborhood. Long
before this section had transit Of any
sort many of the wealthiest and most
prominent families of New York par
chased large tracts of land between
Eastchester Boulevard and Long ISL
and Sound for the establishment Of
residential estates.
Section of Fine Estates
These estates were preserved, in all
their integrity, from one generation to
another, but with the advent of the
subway the owners of these places were
quick Co realize that their properties
would almost Immediately be brought
within the scope of the home builders
demand, and that the adoption of the
tax exemption law by the City of New
York offered them most favorable
opportunity to dispose of their proper
ties in 8 market erected on the housing
emergency.
Throg's Neck, along both sides Of
East fremont Avenue, is row practi-
cGlly sold out and under improvement
from the Eastern Boulevard to the in
tersection of East fremont Avenue
and East 1T7th Street, at Dewey
Avenue.
The intersection of these three
thor0ughTares has come to be known
as the "hub" of Throg's Neck; the
location OF this "hub" is virtually the
halfway point between Easter, Boale-
yard and the reservation occupied By
Fort Schuyler. The Reservation com.
prises all of the narrow peninsula that
luts out into Long Island Sound for s.
distance of about one mile.
Sales Of estates back of Fort Schuy-
Ter have carried the building line to q
point far beyond the intersection OF
East fremont Avenue and East ITTth
Street, with the result that practically
no large tracts OF land between East
ern boulevard and Lawtcn Avenue re-
main TO be sold. This leaves only the
comparatively small area between Law
ton Avenue and Fort Schuyler, and in
this are only one or two estates and
the bathing grounds known as Locust
Point and Silver Beach.
The narro8est part of Throg's Neck
ss the section between Lawton Avenue
and the Shore Drive, having the East
Aiver rs the southerly boundary and
Long Island Sound on the north and
east.
No other part OF the Bronx mainland
extends SO far out into Long Island
sound as does Throg's Neck and the
Fort Schuyl reservation, and Fort
schngler points almost directly to Lit
tie Seck on the Long island side of
the Sound.
Aome~buiiding along Eastern Boule-
ward ana Long Island Sound, which VA
III this year extended only to Loh-
oauer Park. lis now progressing rapidly
toward Pelham Bay Park, directly
south of which is the Lorilsard Spencer
estate property, which was sold recent
- 81 public auction, TO hundreds of
prospective home builders.
As q result cf the numerous auction
sales in this section the trend Of build
i1lg is toward both the north and the
east. in one instance along the East
ern boulevard and Long Island Sound,
and In the other along both East
fremont Avenue and East 177th Street
toward the Scream, section of Throg's
Neck, which liz the comparatively small
section lying between Lawton Avenue
and the Shore Drive at the gateway TO
the Fort Gchuyleg reservation.