gJACOIST LOTS IN DEMAND lM vr SALES, TOO, OF PARCELS FROXTIXG OX THE SOUND, BAYS, LAKES AXD RIVERS. IPiittpremi Activity in the Great Suburban Fields — Various Vnits of J'alucs Throughout the Section. • .- ■ ffitii -* best time cf the year for prospective ~ to «tu a lot up, and in many instances the purchase crire of each acr<» would not buy a choice lot in the j^a'rt cf the residential sections of the old town of Jamaica.' Between Jamaica and the Atlantic Ocean If a IC'Tig stretch of land the preater part of trhi'h -is fraetiraily unimproved, which is look^i upca *'}' ex;wrts as being in the line of immedi ate development as a hish class residential district. There are zones within zones in the great realty fiejd cf This city, and <"ach zone has its units of values for its business properties, and also other units cf valu'-s for its residential districts. The usit cf value which prevails in the business sec tion of Jamaica or the unit of value which exists la the residential section are useless in arriving at values in the outlying sections. The adjoin le£ region south of Jamaica, which comprises the towts of St. Albans. Sprinjrfield anal other nearby asd chanr.ir? places, is n-ally another zone, and there tJ:e unit of value is. based or. the sales of ■vacant land or improved tracts, and also on proo able future conditions ■which may enhance the xti'jt of property iherr. " Just a short distance south of that zone begins th« seashore district, and there another unit of value, much hiphi r than in the St. Albans section. win be found. For iiu-tance, places like (>dar fc-rst, Lawrr-nre and Far Rockaway have units cf values whioli would surprise a student of prices who had devoted himself almost exclusively to tne easdnstions of values in the attractive vacant iubarban sections n f tlie greater city. Cedarhurst s^d Lawrence and tlie towns in the Rockaway sec tion, many of. which possess some of the finest ilretches 'of beach on the Atlantic Ocean, are not the results of the efforts of energetic builders in the last few years. Those place? have Ben pop ular for years, particularly as ideal summer colo rifs. Though tlieir growth lias been remarkable arc their realty' strength is doubTy alluring at the pres'Tit Time to many wide awake speculators and investors, the upbuilding of the placts has taker many years. There, too, various units of value prevail. The market value of property in Cedarhurst, ■which is a short distance from Far Rockaway. car.net be used as a standard for glueing values cf ary lot or improved property . fronting on the Atlantic Ocean or in any. nearby or . any other suburban zone. Each section has its standards tby which values are determined. Of course. valu» are almost always affected by general conditions. ■ In the choice residential section Of Amityvllle. which is about thirty-tbree miles from this city and which fronts on the waters of the Great ••■*■ Bay, th.re are few lots to be had at less tfcan JoO a front foot. Vet in the district between Amtyvilie and Jamaica, which is a distance of over twenty mil^s. there are some acreage tracts •uhich can lie jmrchased at about what a lot would bring in the heart of Amity ville. litre the stu dent cf values is confronted with the fact that some acreage parcels much nearer to the city than Anityville and ia a zone which could be trans fcra;«?d by one or. more of the great construction companies in a short time Into a high-class resl dccti^J. sect inn is cheaper than a fine lot. Such transfoixaations in the Township of Amityville •however mean the expenditure of large sums of noney hy men of many years' experience In realty ttfiirs before a n«>w unit of value is reached and qm which equals that prevailing In the ' sit of Bach a flourishing j.lace as Amityville. "What has b^«ii ssi popularity of the older ""*■ r«sort districts near this city where ealt tftT balhlnß and aquatic sports may be enjoyed **' ho; •"■*■■ of the year is much greater now • -Jt v.i.e t-me years ago, ar.d this Increased ■■'reauv I*'1 *' COUpkng Branch, Asbury Park and many other popular nearby Jersey places Is unusually bright, and that assertion is wen founded. Long Branch is now, as regards the running time of trains, moca nearer this city. So is Asbury Park, and the same is also tnM Of the beautiful town of Ocean Grove and all the summer colonies, villages and settlements front in?; • n the Atlantic Ocean, which are numbeied aming the prosperous and popular places in the great suburban zone of New Jersey. The strongest fca;;:r< . : the New Jeraej suburban region to the bomeseeker is that it is a difficult matter to become identitied there with au unproiitable realty deal, for even the highest asking prices for properties, according to the ablest real estate experts, will ii>' 'k comparatively small to market values there in the near future. Most of the places, toe-, have not only all city improvements, but are flourishing ocean towns. Som<- of the popular New Jersey places fronting (ii or near the ocean, together with their distance from this city, are Asbury Park. 51 miles; Allen burst (Deal Beach), ft miles; Atlantic Highlands. 21 by ntrimrr ;md 40 by rail; Avon-by-the-Sea, .".3; BeOeford. M; Beunar, 54; Bradley Beach, Deal Beach, *'*: Etberon. 47; Highlands, 25 by steamer nnd -4 by rail; ICeansburg. B; Koyport, 30; LJong Branch, 15; ICatawac. 29; Monmouth Beach, 29; indie-by-the-Sea. 2."»; oceanic, 'l»: ocean Grove, ;.i. Ooeanport, 34; Pleasure Bay. i>4; Red Bank. »; Scobeyvule, 3v Beanright, 4fi; Sea Girt, 57; Bewaren, l'«; South Amboy, .U; Spring I^ake, r,S. and Villa i'ark. o^. T!:e resident population in the winter months of As! ury Park Is about 7.i»X>, and of I^ong Hran'-b about 15.6C8. In the warm months of the year the population of thuse two places is many times larger. The realty charms of Lorg Branch are many, it is located, it is said, on the highest point of land alcng the Atlantic Coast, from Florida to Maine. It Is bordered on the east by the ocean, on the north by the Shrewsbury River, on the west by a fertile farming region, and between the easterly and winterly borders are a chain of lakes of great attract! veneaa. It has well laid streets of great v.:'ith. shaded by magnificent trees, which if Joined to form one great avenue would extend over one hundred miles. It has many miles of verdant, sym metrical hedges. It has many thousands of acres of iwns, with luxuriant shrubbery and flowers. It baa a two-mile Muff walk, twenty feet wide, and extending alongside Of it is a driveway sixty feet ■ride. It has a complete system of bulkheads and jetties for tiie protection of tne beach and bluff. It has many pavilions on the bluff which overlook AT GRAND VIEW, IX THE WESTERLY SECTION OF THE HUDSON VALLEY REGION. the Atlantic Ocean. It has an ocean bea<-h front ex'onding many miles and sloping gently from the biuff. It has great salt water pools near the beach, where bathing may also be enjoyed It has many dwelling houses costing many thousands each, and some representing an Investment of one million each. It has over one hundred and twenty miles of roads especially attractive to automobilists. It has a modern gas, electric light and water system, be sides an ♦filcient police and fire department. It also has a large echool system, and Its train service is (satisfactory. Asbury Park, which Is Just blx miles south of Long Branch, is one of the most popular summer resorts in New Jersey. * There also will be found many opportunities for safe investments by prospec tive homeseekers. Numbered among Its realty charms are its vast modern improvements, Includ ing well kepi streets, an excellent fire department and police system, a public school system which Is considered second to none in the state. Its fine public library, and churches of various denomi nations, its supply of pure artesian water, its many mil<-* of beautiful dri\e». its large number of at tractive villas and summer homes, Its charming frontage of many mil'-* along the Atlantic Coast, Us many beautiful lakes and its «plendld train ser vice between the town and this city. Vest euros of money have been spent by the New JNUW-YORK DAILY TRIBUNE, SUNDAY, JULY 5, 1908. York Central and the New Haven railroads in changing the motive power of their trains from steam to electricity throughout the suburban zones. On the New Haven Railroad electric trains are running as far as Stamford, which is a distance ol about thirty-three miles from the Grand Central Station, at 42d street nnd Fourth avenue. This suburban region, traversed by the New Haven Railroad. Is one of the most attractive and one of the strongest from the preat activity In real estate this spring, in spite of the dulness so apparent in other lines, has been ciused largely, In the opinion of some of the best posted real estate men, by the fact that the depositors in the savings banks have been with drawing their funds to Invest In real estate. Wood, Harmon & Co. say that their experience beurs this oh*, their percentage of cash sales being large. In the majority of instances a man comes in, putd down a small initial deposit and then goes and draws the remainder of the purchase price out of the savings bunk and pays it over in cash within a few 'lays. The cashier of one of the largest savings banks In Brooklyn said: "On account Of n>y position here I do not wish to be quoted, but we have had an im rpually larg*- number of withdrawals lately, and in almost every instance the depositors hive said they wre taking the money either to purchase their own houses or to invest in lots. For either purpose we do not care to interpose any obstacles. but. of course, it has Interfered seriously with our ability to buy mortgager." A depositor ir. the bank at the time, who was withdrawing several hundred dollars for this pur pop-, when the teller at the window gave him the usual cautioi of not risking iiis money, said: -1 I am taking no chances by buying Brooklyn real es tate. What with the subway lust completed over there, another subway about to be begun and the best bridge In the world fasi approaching comple tion, and all going to Brooklyn, I fee] that M I gel ever there first and buy my little parcel of lots all I have to do is to sit down until other folks want them and want them bad enough to pay my price." AT BELLE HARBOR. Big Auction Sale of Lots To Be Held There on Saturday. The care which has been exercised in drawing the restriction- is one of the chief reasons for the great success thnt hns attended the develop ment of Bflle Harbor, whore Joseph P. Day will hold another auction Fa!.- of 230 lots on Saturday. In the residential blocks, which are all close to the Atlantic Ocean Jamaica Bay. trolley cars and the railway station, the restrictions, running until 1936, forbid the erection of any building whatever except strictly private dwellings, and these must be not less than two stories in height, must cost at least $3.000 each must occupy three or more lots apiece, nnd must stand back not less than fifteen feet from the front line i.f the prop erty. fift.cn feet from the rear line and ten feet from the side lines. Stables garages and board ing houses are expressly prohibited, as well as all business buildings. In about one block In ten, on the other hand, stores, boarding houses »nd business buildings are permitted. With this arrangement, Belle Har bor la growing up under Ideal circumstances into a high >la-s city suburb. The lots to be sold on July U are on Washington, Newport. Norfolk and Essex avenues and Bayside Drive. LONG BEACH GROWING. Mann Improvements Now Going On —New Hotel Under Way. A statement made by one of the officials of the | Estates of Long Beach this week shows that dur ing the first year of sales, which has just ended. property amounting in value to $3,107,07160 was sold. The Fourth of July witnesses the completion Of the first two miles of the boardwalk, this four and one-half miles of steel and concrete enterprise representing a total expenditure of nearly $600,000 alone, being the -first structure of the kind ever built. The foundations have been built for the •astern end of the great new hotel to replace that burned a year ago. and arrangements lor a second large hotel, to be erected immediately, have been practically completed. The last sules statement issued foots up $100,000, the purchasers for the week Just ended being as follows: George IfcCullen, one boardwalk lot. 60 feet from Laurelton Boulevard; David Meyers, a residential par..!, 100x40 feet, on Olive street. i:0 feet east of Magnolia Boulevard; Mrs. S. G. Thompson, a resi dential parcel, COxIOO feet, on the northwest corner of Lafayette Boulevard and Walnut street; Ferdi nand L. Haber. - residential parcel, 40x100 feet, on Olive street. 100 feel west of Laurelton Boulevard; Anthony Kennedy, • residential parcel on the southwest corner of OHvo street and Neptune Boulevard. 60x100 feet; Theodore Evans, a resi dential parcel, 60x100 feet, on the northeast corner of Neptune Boulevard and Olive street; Henry Krouse. a residential parcel. 100x100 feet, on Broad way. 200 feet euat of Magnolia Boulevard; Em manuel" F. L»a Costa, a boardwalk lot, 320 feet west of Laurelton Boulevard; John Bergonal, a board walk lot, on the corner of Long Beach Boulevard. 20x150 feet; O. C. Cody, a boardwalk lot. 120 feet west of Long Beach Boulevard; William Huuat. a boardwalk lot. 20x150 feet. 240 feet from I«urSfMSI Boulevard; C. E. Burn, three adjoining residential parcels, 100x100 feet each, one 200 feet east of Riverside Boulevarc, on Broadway. SBM <>n th») north side of Front street, 100 feet MKtJ N River side Boulevard, and the other on the i.orth side of Front stre.n. 300 feet east of Long Bea'-rt Boule vard; Pasquale Nnrdl. a residential parcel, 80x100 feet, on the east side of I«uirelton Boriievat feot south of Walnut street; CsstflCS Robinson, a residential parcel. 100x100 feet, on the north side of Front street, 200 feet east of LsssJ Beach Boulr vard; sflißSl a Cassett and Cipriano, who intend erecting a restaurant, a boardwulk site, 40x130 feet, 40 feet from Lafayette Boulevard; Dr. Irving C. Burton, a residential parcel e Lnxa ti...ii.:- • No. 1 ilatlfd t>n Rfqunrj T. B. ACKERSON COMPANY. "Developer* of Chokes Properties and Butlers of : ■•»■ of Merit" NEW YORK OFFICES:- 140 NASSAU STREET. OFFICE ON PROPERTY. Bfld*> ROSLYN, LONG ISLAND Has an Environment of Culture and Refinement. For years the Wh-utlt-y Hills ol northern Long Island have drawn to this heautiful re gion scores of well-to-do New Yorkers, who have built tine homes, and under whose patron age excellent schools and churches have and thrived. In the heart ol this region Bn Koslvn Es tates, immediately adjoining th%- }onn of Ros- j vn — 300 acres ot" picturesque rolling woodland developed as a residence park; an ideal loca tion fOf an all year around home out of the city, 43 minutes' ride from New York. DEAN ALVORD CO.. 277 Broadway. New York City. are only thlrty-elgirt'ininates from V?*n street, bf the Long Island Railroad— much nearer in point at" time and distance than lots which have been sold In th» vicinity -recently, as the Long Island Rail road station is on the property; In fact. It Is neces sary to go through Rockaway Park to get to th« other places In the neighborhood. With the com pletion of ten tunnel tubes, four bridges and thirty two tracks, the present line facilities will be greatly Increased. The terms of sale; are particularly easy, as SO per cent may remain on mortgage for one or two years at 5 per cent, title guaranteed, and title poli cies will be delivered free of coat to purchasers. The sale will take, place at 11 a. m. en the premie*. DINNER FOR REALTY HEN. In celebration of the success attendant upon th» first year of the development and sale of the T. B. Ackerson Company's latest acquisition at Bay Shore. Long Island, known as Brlghtwaters, the members of, th»- firm save a dinner for the sales men, chief engineer and heads of their office force at the CresOnt, Clut> s on the evening of July 1- After the cofr«w,jind cigars T. B. Ackerson pre sented to each guest a souvenir as a memento of the occasion. Mr. Ackerson was toastmaster and his replies were both witty and spontaneous, but a serious vein predominated when he spoke of me company's appreciation of the work of the various members of the force. f > .The salesmen !> speeches were: bubbling over with enthusiasm for Bright waters, and many Instance* of the ease and rapidity of making sales were re cited. Mr. Ackerson announced the purchase or a pair of zebus at the recent animal auction sale of the Central Park collection. These are to be added to the Zoological Gardens at waters. J. D. LAWRENCE ON SITUATION. . The sale of an Additional fifty lots hi Bay«bS» Flushing by the McKnight Realty Company t» the Lawrence. Building Company, which Is con structing twenty-five houses in that ■>■»■■■» brings to light som* facts concerning th« bu.Kiirig situation that should be of Interest to those con templating operations of a similar nature^ Com menting on the fact that a 10 per cent reduction in the price of building material now prevails and the fact that labor of a high grade Is now so e*«lly procurable, owing to the fact that so many cat* been without employment as a result of the recent financial depression, J. D. Lawrence, head of th« Lawrence Building Company, said: •My recent organization of a. company to ceor struct houses was an act which T had contem plated for some time, and had about decided to defer any action until next year. A brief study of the conditions that prevail In the field of labor. however, convinced ma that now was the ap pointed time. . - . — •The services of good mechanics of all trades are belnj? offered to-day instead of being sougrit fM as has been Usj history o' several years past and which will be r-peated in the future. It there fore behooves the individuals who may to take ad vantage of the present situation, which does not threaten repetition for some time to come. \ Long Island Real Estate for Sale. J£aats II