The Syracuse Herald


BIG TRACT IS SOLD

Land on University Hill is Bought for $150,000.

USED FOR RESIDENCES

Deal is Largest Involving Undeveloped Property Made in Years Plans for the Development of the Property Are Under Way.

 March 1, 1911 - p. 3

Papers transferring the title of a large tract of land in the University Hill section from the University Heights Land company to the Berkeley Park Land company were filed with County Clerk James C. Butler today. The deal was one of the biggest involving undeveloped residence property made in this city in a number of years. It was negotiated by C. S. Congdon through William F. Rafferty, president of the University Heights company.

The property consists of about forty-one acres along the east side of Comstock avenue, one block south of Euclid avenue, extending east ot Ackerman avenue and south to Broad street. It comprises 150 fifty-foot lots and is the only undeveloped tract of any city between the university and Westcott street. The university campus is but 600 feet from the northern end.

The big tract is to be laid out at once for high class residential purposes, it was stated today by Mr. Congden, the president of the new company. It will be known as Berkeley Park.

The property is to be restricted to residences and but one will be permitted on a lot. Restrictions will also be placed on the minimum cost of each house. There has been a big demand for restricted property in the University hill section.

The consideration in the transaction is held private. The tract is estimated to be worth more than $160,000. It includes eight acres of wooded land.