1905 Opening Day Belmont

[eye123]

keenelandlibrary.omeka.net/exhibits/show/keenelandphototreasures/tracksgallery/belmontpark












May 4, 1905
The grand opening of Belmont Park on May 4, 1905, attracted more than 40,000 fans who witnessed August Belmont II's Blandy, at 7-1, hold off 100-1 shot Oliver Cromwell in the $1,500 Belmont Inaugural.

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To put into context the $1,500 Belmont Inaugural purse: (example to purchase two family house in Brooklyn at the time (1905 article) )

rerecord.library.columbia.edu/pdf_files/ldpd_7031148_035_13.pdf



The sales market for both houses and vacant lots is the best
Brooklyn has ever known. Two-family houses are particularly
in demand, for the reason that the owner of such a house may
occupy a part himself and derive an income from tbe remainder.
Take a specimen case. A house in Vernon avenue near East
34th street may be purchased for $3,000, half cash. The agent
flgures the balance-sheet for the prospective buyer in this way:
Taxes, $25; water, $12; insurance, $3; interest, $75; total, $115.
The two parts of the house rent for $12 a month each, a total for
both of $2S8 for the year. Deducting the annual charges leaves
$173. If the owner occupies one of the flats, he should charge
himself with $144, which leaves him $29 net.

[Badactor]

That's a great find... very cool!

[mysaladdays]

That was really enjoyable. Bookmarked it.