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New York State Digital Library 3DMVAQV 3QVUI SIHDIJ S1H0I3H NA1X00US 3AISfnDX3 N0IID3S SS3NISH8 XN0U8 amtnj *'IHQKIH •fmi '9 TIHdV \XYaS3NtM^'<riVH3H-'HHOl ASK 65 tmi ^ IIMV *xvas»Nd»M 4tnTHHH» SHOA &?TK * 28 Nm$} ^mB^iiHEHAiA3^^miiimKtiUA^n^^i^i%* ]j^4; 1 !; i, NBW Youtt*K!*:R.vRiv tr>*»^:Nftk*-,t :i#Rit1 6f nt#y. BROWNSVILLE BOOM BRINGS WEALTH' TO SPECULATORS RIVERDALE THE GEM OF TUB NORTH WE!$t£RN BRtiW Heavy Purchasing: 1a JTtat Opening of the New East River Stimulated by Recem Public Bridge Causes Great Improvements. Growth. / BUSINESS VALUES INCREASE PRICES ENHANCED TWOFOLD Without exception the most remarkable real estate boom to Brooklyn's hlstoiy Is dred more are projected. The extension is now in progress in Brownsville, a settle­ rop.ftjy open country, feut its appearance ment Immediately south of East New will be rn.it era Illy altered in the next six months. At Ralph avende and the Eastern. York, populated by persons of Jewish Parkway extension thirty-five new stone faith. The boom 5s commonly credited to two* family houses are practically com­ the influence of the new Williamsburg pleted. Lots in this portion Which sold from tSOO to $700 one year ago are now Bridge. So far as the permanent buyers selling from $1,100 to $1,500. are concerned, the opeiatlon is ec<Urely In the hands of Hebrews, The tenants ore Present Illicit Values la Bnslaesa their co-religionists, and are therefore Thoroughfares good rent payers. On the leading business streets values are much stronger. It is not many days Many besides Hebrew operators' have ago that a plot 50x100 at a Belmont avenue, &.w.&zBFnN&Emm ATJ&VZ&Q&Z corner sold for $23,500. This is in the heart ZLXiOURST* mT&lKZTOWMfX&tNfeTUCZ »!••• ii.Ufl in acreage property in Browns­ c ville, but all of the small trading is among of Brownsville. A notable illustration of HOTJC ~ ?GlUVANm£ fflFOe>INl AT EIWRMLZ the strength of values was the sale of the <$• Hebrews. The buyers come chiefly from Stephen L.Vaiulerveer farm. It consisted the east side of Manhattan, but there Is a of seventy-eight acres when sold recently Entire Section Is Well Adapted to the when the turnstiles at the entrances click considerable percentage from other places. to the Brownsville Realty Company. The go on for decade after decade before there out the arrival of more than thirty thou­ Bronx Park Becoming a High Class price was $3,000 an acre. It was resold Constructio~ J n of- Beautiful jwillbsuit. o anything like content over the re- sand visitors within the space of a few Brownsville real estate has been moving within a month at $4,750 an acre to sev­ hours. Perhaps few will dissent to the Suburban Residential District— In the last decade toward the present eral speculators. Streets axe now being Country Houses. By an act passed April 13, 18®, a com­ statement that Bronx Park Is more popu­ healthy condition which It enjoys. Work­ laid through it and sales are going on mission was appointed to make provision lar with visitors than any other in the apace. It Is now quoted at $»,600 an acre, for a park system in the section now north side. Its area Is 661 acres. From Many Recreation Places. ing people of the Jewish faith began to or $S0O a lot. This farm is bounded on the known as the Bronx. It had long been north to south It is cut by the Bronx flock there about fifteen years ago. Capi­ north by Hunterfly road, on the east by a. drug on the market. Surely there has River, a beautiful stream, dashing over talists were then loath to loan money to Hopkinson avenue, on the south by Li­ been no overbuilding in the Riverdale sec­ demanded. On May 1, 1883, the duties of unnamed small parks, each containing a vonia avenue, and on the north by Sutter tion. Few dreary "To Let" signs are to cascades of various widths. Ancient gi­ them on Brownsville properly fop building be seen. the commission began and in the following gantic trees abound and shrubbery of half acre or less, most of them being at avenue. At Stone, Watkin and Pitkin ave­ almost every description Is to be seen. The street Intersections. Also there are two or any other purpose, and an antipathy nues are thirty lots, 25x100 each. A wagon Prices of unimproved property have not year its members submitted to the Legis­ unnamed parks on Hunt's Point Road, lature a report which covered the territory country is of a rolling nature, with eleva­ toward the new settlement continued up manufacturing firm bought them five reached a prohibitive level. In fact, they tions and depressions net too pronounced. each containing two and a half acres. to within the last year. That situation is years ago at $500 each. A few days ago have been uniform and reasonable. There now known as St. Mary's Park, Claremont Feature* of Bronx Park. All in all, the acreage of parks alone In this firm, had an offer from a syndicate of has been comparatively little speculation. Park, Crotona" Park, Bronx Park, Van the Borough of the Bronx aggregates now changed. Hebrew speculators of $165,000 for the en­ Plots of the popular size, 50x100, range There are three separate sections of 3,864*4 acres, while the parkways make up tire plot, an average of $10,000 each for from $4,000 to $6,000 in the good secUons, Cortland* Park, Pelham Bay Park, Bronx Bronx Park. At its northerly side are the 21114 acres (their length being 33.211 feet), It Is apparent to-day that all of East corner lots and $6,000 for Inside lots. Ed­ although the.v may be obtained around and Peflham .Parkway, Crotona Parkway Botanical Gardens, which are controlled making a grand total of 4.076 acres. Sew York and the old town of New Dots ward C. M. Fitzgerald and ,E. J. & S. $2,500 in localities not so choice. and Mosholu Parkway. These include an by the New York Botanical Society. At Some of the greatest Improvements now Is rapidly becoming a centre of Hebrew Grant were the brokers who negotiated a the southerly portion is the ^Zoological going on In the park system include, be­ majority of the large acreage transac­ The business enterprises of the section area of 4,000 acres, which was finally ac­ Park, which is under the jurisdiction of sides those already- mentioned, the regu­ population! Such an important factor has tions. Some of the old farms that have are mainly confined to the retail stores in quired by the city of New York on De­ the New York Zoological Society. So that lating and grading of the Grand Con­ real estate speculation to Brownsville be­ recently been bought for lot purposes as South Yonkers. They are sufficiently rep­ there remains under the sole direction of course. resentative to cater to the immediate cember 12, 1888. Others of more or less the Park Department of the city only come that the officials of title companies an adgunct of Brownsville are the Tap- wants of the householders in that vicinity. importance were taken in fee by the mu­ In truth there Is a park system in the scott, Schenck, Corwin, Ryerson, Seigloch, about one hundred and fifty acres in the Bronx which affords a day's drive on now rank the Jewish operators in Browns- Van Siclen, Kaiser and Kouwenhoven Topography That Lend* itself to nicipality later on. centre of the great tract. viiie among their best clients. It was not until 1898 that with the prac­ macadamized roads, never crossing the farms. Fiiif Houses. There is a well ordered and distinctly in­ same ground twice. The system Is justly ZT-OZQEGE CHURCH 'izvsHom These are all adjacent to or comprised In tical development of the Zoological Gar­ In the forefront of the city's Interests, and * The Man Who Gave HI* JSumm to N the territory within the Eastern Parkway, Mount St. Vincent and Riverdale are not teresting arrangement in the great park dens began the exhibition of forms of life. Its continued development may be ex- Brownsville. Rockaway avenue, New Lots road, Church so thickly built up as is Yonkers,of course. system proper. The gardens were formally thrown open to withheld at first from Jewish buyers, is tthe public on November 9, 18ij, and since will necessitate it before long. The East­ avenue. Utica avenue and the old City The two former are naturally suitable for On tthe westerly side of the Bronx is tHe that time much, development has taken At Claremont Park is the location of the Prior to the boom the Twenty-sixth now owned absolutely by them; and the ern Parkway baseball grounds—six square Line. These farms include a total of seven country bouses. There is a plateau like Spuyten Duyvil Parkway, which begins at place. Last year the work was said to have headquarters ot the Park Commissioner and Thirty-second wards formed what hundred acres and an outlay of close to height which overlooks the Hudson, and of the Bronx. Commissioner Schmidt and prices at which its lots sold were phenom­ blocks—were invaded by the boom and $2,000,000 by speculators, and will make from the elevated land there is a graceful Kappock street, between Independence been about half complete. When it is con­ , was the town of New Late, one of enal. and Fairfield avenues, Spuyten Duyvll, sidered that the section was virtually a Secretary Pullis have their offices in the have been cut up and gold at high prices.
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