Real Estate Outlook for 1908 and Transit Plans
Market leaders foresee improved money for mortgages and real estate in 1908 though rates remain high until mid year. The piece stresses Manhattan strength, subway expansion, and proposed Elsberg Law repeal to boost values and curb congestion. It cautions on building height rules and urges careful study of a new building code affecting property values and land use.
MENTIONED IN THIS ARTICLE
Manhattan Island
New York
Cetak
Bronx
Public Services Commission
tMke
Congress
Trust Company of America
Wall Street
W. H. Chesebroug
Transit improvements to benefit Brooklyn realty outlook
Frank Bailey predicts 1908 will not be bleak for Brooklyn real estate as transit upgrades proceed. A new subway under the East River will link Brooklyn to Manhattan stations for six cents, boosting rents and easing commutes. He notes Williamsburg and Manhattan bridges expansion will spur population shifts toward Brooklyn and Queens, with further gains from the Manhattan Bridge and Fourth Avenue Subway.
MENTIONED IN THIS ARTICLE
Frank Bailey
East Side
Brooklyn
Flatbush Avenue
New York Subway
Old Bridge
Williamsburg
Elevated Railroad
Delancey Street
Bowery
New York
Lower East Side
Brownsville
Yolue
Elieve
Tenement House Commission
Queens
Manhattan Bridge
Manhattan
Fourth Avenue Subway
Coney Island
Bronx
Real Estate Outlook Says Spring Will Bring Capital
Henry Morgenthau notes that 1908 real estate should rise as capital returns from reduced stock activity. Mortgage lenders remain patient with forbearance and longer maturities, while MetropolitanACCESS zones south of Fifty ninth Street attract investors and long-term tenants. a fall revival is forecast.
MENTIONED IN THIS ARTICLE
Fidence
Stock Exchange Securities
New York
United States
Fiftyninth Street
Rea Estate
Henry Morgenthau
Methods of Big Estates Followed in Real Estate
Investors in real estate increasingly participate through major corporations. Large operations are shown to be more profitable than small ventures, prompting formation of firms aiming to acquire vast, inexpensive property and develop it for rapid resale.
Auctioneer predicts strong 1908 for real estate market
In 1907 the auctioneer notes a prosperous year for both unimproved and improved property. The Doherty estate sale set a record with 1 916 000 in a single afternoon, Ogden and Century Realty on Aqueduct Avenue followed. David B. Cocks property fetched solid prices amid panic, seaside lots sold well in summer, and the public increasingly seeks bargains at auctions. The outlook for the new year remains favorable, with continued activity in subdivisions and anticipated under-river tunnel developments boosting suburban gains.
MENTIONED IN THIS ARTICLE
Doherty
Ogden
Century Realty Company
Aqueduct Avenue
Wall Street
David B. Cocks
Bea Nile
Real Estate Outlook in 1908 by William Fe Harmon
William Fe Harmon predicts a dull NYC real estate market in 1908 with price recessions in weak areas and steady gains in select districts. He cites growing investment interest in land, transportation-driven Brooklyn value support, and caution over overvalued markets while urging legitimate brokers to target Manhattan retail, accessible Long Island City, and Brooklyn as the strongest bets.
MENTIONED IN THIS ARTICLE
New York City
Long Island
United States
Outlook in Queens Hailed by Transit Growth for 1908
E J Rickert notes Queens prosperity hinges on expanded transit with fourteen new East River tracks in 1908. He cites improved rail networks expected to lift middle class housing and healthful living, predicting Queens will log record population gains surpassing other suburbs despite 1907 financial troubles.
MENTIONED IN THIS ARTICLE
Queens
Times
East River
Manhattan
Renl
E. J. Rickert
1907 Queens ward building permits and costs totals
Bureau records for 1907 show 3785 permits for 15044855 dollars in estimated cost. Fourth Ward Jamaica leads with 1537 new buildings totaling 4920555 dollars. Second Ward Newtown has 1181 buildings costing 4564719 dollars. Long Island City lists 407 structures at 2200976 dollars. Flushing reports 1874220 dollars in new construction. Fifth Ward records 85 structures costing 1.
MENTIONED IN THIS ARTICLE
Bureau of Builldings
Borough of
Queens
Old Town
Jamaica
Lst
Newtown
Long Island City
Flushing
Long Island
Queens Borough Real Estate Exchange elects officers
The newly elected Board of Governors met in the Exchange Building on Friday and chose officers. F. W. Scott is President, A. G. Eno and Theodore F. Archer serve as Vice Presidents, George T. Watts as Treasurer, Herbert A. O'Brien as Corresponding Secretary, and Joseph M. Gray as Recording Secretary. The exchange will run an auction salesroom with several sales already scheduled for the month.
MENTIONED IN THIS ARTICLE
The
Queens Borough Real Estate Exchange
Exchange
F. W. Scott
A. G. Eno
Theodore F. Archer
George T. Watts
Herbert A. O'Brien
Joseph M. Gray
Mortgage Market Outlook for 1908 Sees Dollar Supply Rise
G Richard Avis predicts improved money supply and lower mortgage rates in 1908 as building slows and demand moderates. Banks and life insurers expected to return to lending as panic withdrawals ease, with permanent loan demand likely below 1906–07 levels. The piece notes election-year uncertainty but foresees a gradual return to normal money conditions.
MENTIONED IN THIS ARTICLE
Ak Om
Sivijigs
Theothies
Tsey
Ifamece
Wales
M Ctgagi Life Insurance
Hfe
eAs
Angi Tile Game Passies
Eldmen
Richard Avis
Financial crisis to aid suburban development on Long Island
GAGE E. FARBELL argues that 1908 will spark suburban growth on Long Island due to near completion of tunnels and bridges. He cites Battery and Belmont tunnels, Pennsylvan ia Railroad projects, Blackwell's Island Bridge, and faster city access. He links real estate confidence to economic shifts and outdoor life appeal.
MENTIONED IN THIS ARTICLE
Long Island
Battery
Belmont
Interborough
Flatbush Avenue
Long Island Railroad
Thirtyfourth Street
Pennsylvaia
Thirty-fourth Street
Pennsylvania Railroad
Manhattan
Long Taland
Long Island City
Blackwell's Island
Fifty-ninth Street
Financelal
New York
Long Isline
Long Fsteinad
GAGE _E.fARBELL
Realty Winning Friends
John Noble Golding opines on real estate as a durable investment amid a quiet market. He notes Wall Street funds flow into property and warns scarce prime parcels while demand grows, especially in northern New York City. He expects spring to revive activity and rent markets as foreigners settle in the city.
MENTIONED IN THIS ARTICLE
Wall Street
Atrongyg
Manhattan Island
New York
John Noble Golding
New Greenpoint Savings Bank Building Underway
Construction has begun on the Greenpoint Savings Bank at Calver Street and Manhattan Avenue. The bank’s new home, designed by Henry and Huberty, will feature Hallewell granite and stand as a landmark in the ton one gammette section.
MENTIONED IN THIS ARTICLE
Greenpoint Savings Bank
Calver Street
Manhattan Avenue
Bank
Henry & Huberty
Real Estate Outlook for 1908 by W. E. G. Gaillard
In reviewing 1908 prospects the author argues currency reform and national prosperity will drive future real estate strength. He suggests the market may hold steady this year while eventually expanding as confidence returns and investment shifts back to real estate and mortgage securities. Name W. E. Gaillard appears as the author.
MENTIONED IN THIS ARTICLE
Comlc
Congress
W. E. G. Gaillard
Bronx Real Estate Outlook for 1908 and 1909
The piece predicts a quiet post election period with rental declines easing in the Bronx. It anticipates a population surge and rising demand for apartments by fall 1908 and spring 1909, supported by ample mortgage money. Auction sales may increase, offering good prices as real estate proves resilient after the 1907 downturn.
MENTIONED IN THIS ARTICLE
Bronx
Ac Ee
Tremont
Bedford Park
Also Mentioned on This Page
Mayor's Advisory Commission On Taxation and Finance
Edgar J. Levey
Supreme Court
Sant Se
Uch
Public Service Commission
Te Bunghole
Public Rervice Commission
Ily
William E. Harmon
Broadway
126Th Street
Old New York
Buich
Brooklyn Bridge
City Hall Park
New
Great Towers
Feltaoe
Pennsylvania
William FE. Harmon
Queens Exchange
Gage E. Tarbell
Greenpoint Bank
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!