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TWELVE PAGES tin AND NEW YORK HERALD Real Estate NEW YORK, SUNDAY, FEBRUARY 1, mSWSi. HOME HUNTING JOURNEYS THROUGH THE SUBURBS OF NEW YORK interesting Residential "Prop- erty pound WIUIUI cusv nv. cess of Business Centre. wilt New York needs most to relieve ,M boJlnK shortage Is several hundred and large upartmeni nouses, me nioit dUtwtsiiiB I'l'iso ot the housing sit tloa just at present, however. Is the fact ,ktlth the exception of tho West Bronx, ' practically no attempt to put up this tle ot multi-family house In any Mrfcf the city. This Is the one great rca it why the overflow population of Man- ,UM particularly. al,J tlle rcnl PPres5eu fti Jwrtlers or mo cuy a u uu oc Hit forctd to seen homes In tho undevel tpede'Ctlonoof the outlying boroughs and tbe suburbs. The accompanying picture shows several itUthed slnslo family brick houses of six rooms and tiled baths, with garage In the basement, each on a lot 20x100. which arc beln; sold for complete, pne hundred of these houses are being erected this win ... in 4 restricted but unexplored section o( ona of the most rnpldly growing bor oughs In New York. The dovelopers own ibout I.JW lots, and they intend to con untie tho erection ot these houses with rarjiot types ot architecture in tho conv inff vear. The materials for the houses were kvi.M some i. mo ago; consequently, In ,plH of unextx cted labor troubles which v.v. .mbarrassod tho developers consider- ibly and delayed tho completion of the first to) structures, the houses aro excep tionally high class both in point of mate rials and construction. It is pretty safe tatay that the builders will not be able to continue to sell other units of the entire .development at this price. Tho chohces, therefore, aro good for buying these first thoroughly well built houses, with tho as surance that in a year or so they may be ilfiwscd of at a substantial profit. In The Cent Fare Area. They are now within ten minutes of 5cond avenue, .Manhattan, by the mter borough elevated trains over the Queens toro llrldgc. within fifteen minutes of the Grand Central subway station by Interbor ouKh tubway trains through the Stelnway tunnels, and wllhln a short time will be within fifteen minutes of Times Square by tbe Bto:klyn Rapid Transit trains running Uirougli the Sixtieth street tunnels under the Vast Klver and down Hroadway. They are within the five cent fare range iof the entire dual subway system, compris es tim-thrtc miles or subway and de lated tracks reaching every' Important sec tion of creator .New York. This gives the 'property better transit facilities than any irart ot the uronx or iirooklyn, and bet ter thin any part of .Manhattan above Fifty-ninth street, as no part of the Bronx iad no part of Manhattan above Flfty- tnui street will nave tno advantage ot the B. IS T. subway, and no cart of .Brookljn Is touched by tho Interborough elevated system, in oilier words, tho pro Mrty Is on the Interborough and the Inlerborousii and B. R, T. subway lines, and has a fli c cent fare to any part Of tho SINGLE FAMILY BRICK HOUSES WITH GARAGE IN BASEMENT TQ COST $9,000 EACH INCLUDING THE LAND design, 'ar- and ura being liullt by the day under the personal super vision of the company which Is develop nt the section. The fronts aro of tapes try brick and Indiana limestone, with concrete porch floors and steps. Tht : basfment l. built entirely above the street made, giving It the samfl light and air as other parts of the house. The houses are set back twenty feet from tho street, lvmj a substantial terrace, which Is todded and landscaped with shrubs, &c. In the roar of the houses there Is a ''fteen foot concrete driveway which rues the entire length of the block. Narrower dmeaays run at right angles from thl3 la the garage in tho basement of each home. The grounds In the rear of eacu house are level with tho street, thus Ilrainaling any grade for automobiles. The garages are sealed off from the rest of the basement by fireproof walls, which uoes away with noiso and fumes and any possible danger of fire. They arc heated and lighted and ,havn running hot and cold water in them. This arrange ment has been heartily approved by tho Building Department and tho Board ot Fire Underwriters. The houses have double floors, with oak parquet strips throughout, including the closets (except tho kitchens, which will have comb grain North Carolina pine floors). The interior finish is white ena mel trim throughout. Including the kitchen. The stairway leading to the sec ond floor will have birch treads with mahogany finish.. not Water Heating System. The house. Including the basement fand garage), will have hot water heat. This la one of the unusual service features which tlie developers had planned before tho accent labor troubles began. The losses Incurred by strikes. &c, at first would have justified the change of heating ap paratus to steam or hot air, but tho owners determined not to cheapen their first output and thereby endanger the success of their extensive future develop-ment. The bathrooms' have tiled .floors, wain scoting and hunt In tubs with shower at tachments and pedestal basins, white enamel low tank closets, white enamel mcdtclno closets with mirrors and a largo linen closet. Electric fixtures of the latest design will be provided and the houses will bo decorated throughout for tho buyers. enabling them to move right In as soon as they are ready for. oocunancyj Tbe basement will have an additional lavatory, and a laundry with a two Albe rene fonpstfjriojtrpi'j The -snranjt 4illiaye a nose eonrr'cnpn rw .veiratn.yrtne sewer. The timntases iof' transit1 which this proper -tyijoys have been fully covered, butVnothriios been said about the na tural advantages. Five blocks to tho west of the eastern edge of development Is a city park consisting of sixty acres. The park borders on the waterfront. This park was recently bought by the city from the owners and builders of these houses at a cost of nearly $1,000,000. The park has a water frontage of 3,000 feet, which is entirely free from the en croachments of any commercial structures. Tho entire section adjoining the park owned by the developers of these houses Is restricted by the new zoning system from the encroachment of factories. j The park Is attractive even in its pres ent, undeveloped state. The city plans to grounds, tennis court?, baseball grounds, swimming pools and a bathing beach. All assessments for parks and street improve ments have already been paid. Tho financing of house buying here Is comparatively easy. There Is. a permanent first mortgage on each houso ot $1,600. Tho owners will nccept 12,000 cash. Tho balance of $2,500 will be taken back by the owners to bo liquidated In five years in payments amounting to $500 a year. As most houso buyers deslro their "carrying charges" reduced to monthly terms, tho monthly "overhead" on this $9,000 house will appear about as follows: Interest on $1,500 first mortgage $22.50 Average Interest on second mortgage: 12.E0 Monthly mortgage payment .- 41.66 Taxes 12.C0 Total $SS.6 It should ba kept In mind that at tho expiration of the payments on tho second mortgage 'the total carrying charges will bo reduced to $23 a month. That is the amount of "rent" which the owner will be paying for six rooms and bath. Readers desiring to know the location of these houses or other details of financ ing, are asked to write to the Real Estate Editor of the Sun and New York Herald QUEENS BARGE TERMINAL NOW IN CITY'S POSSESSION Edward Walsh, State Superintendent of Public Works, has Just taken.uver from the contractors the New' State barge canal terminal at Nott avenue and the East ;$frw..nftJW?niL.Stfr I, wilL.be available lor use as soon as uie neces sary men to" operate it can be engaged. Tho Stato superintendent announced a plan of operation that will be of great benefit to manufacturers of the district. and which will support the big movement In real estate In the Iong Island City dis trict which is now tnklng place. According to the Commissioner s Dlan he is going to Uirow the terminal open to the manufacturers and business men of the districts to be used by them as a public dOck. JJot only will tho barges from the State canal be landed her hut as far as. possible all of the shipping that the manufacturers have. In order to do this there will at once be appointed two harbor masters, wtib will be In charge of the terminals. The terminal is equipped wiui modern machinery 9. ,5 J - BCD ROOM I BtO ROOM 1 KWXfcfl ( CL0 Cl, I 12X12-8 1 I BHD ROOM, 6MORO0M I 111 .I0-6XK'6 KDR00M 6ED ROOM 12X14-6 I ! 7-ZXm 6-9.XI0-6 I ' -f iW ! J J . i i.i i .. I I ' i !.'- i ! ,. .;, .;,'! V j -DRIVt , j DRIVE j i . i j i ' t 1 1 1 9 ! ! EE EE i I ! j : - !------ynThn) H r In UnjcriCN , IW 8X1t- 1 DN!N& ROOM IifPTCrO n ' 1 OININC ROOM J 10-6X15-5 " 7X11 p 12X13-5 , 1, UV1NG.R00M. LWIN&R00M i 14-6X18 WLi I2-XI4-6 PORCH PORCH ' 10X14 7X10 FIRST FLOOri PLAN OF TWO HOUSES SHOWING LAYOUT OF THE DRIVEWAY "iv.,,ii,'Jj)yrt'' SKCOJs FLOOm PlAH OF TWO HOUSES for the cxnedl Improve It with recreation centres, play tious and economical handling of freight. BUILDING IN FIFTH AVENUE DESIGNED FOR TEXTILE TRADE MUST REMOVE DETERRENTS TO HELP HOUSING SITUATION WESTERN FARMERS LURED TO NEW YORK Work v ill soon be started on the actual construction if the sixteen story Textile Buildiig, to be erected by George Backer on the block front In the east side of Fifth arenjc, from Thirtieth to Thirty-first arrets Mopt of the contracts have been awarded, and Mr. Rackcr stated yester Jay that ha hopes the building will be readv for occupancy by December 1, next. 71w 'Int has a frontage of WT.6 feet In Niuinitnue. 'XO feet In Thirty-first street and about 1SU feet In -Thirtieth street V'no of the features of the structure will b a Urep Interior court. 3SxT5 feet In size. which -will be placed in the middle ot the ouumn?, factnr r-ast. The court Is so ar rinied that a maximum amount of light ana ventlIaUon,may be obtained by the In. Me space. The building which will be leased ex 'lujlvely to thoEc concerns identified with textile trarif Mill mne.lln (ibout 3S.500 square feet gross, on each floor. The "si rentable space on each floor will ap proximate 3i.rx rquare feet. The total wlWInj win contain about 523,000 square 'eeUf Pac, to tw leased. Somnerreld & Stickler, the architects, ave KeparrU dtsigns which call for a ''Wde having vt,.nC for the first three "we?, after h..-h face trick will be Mii, t,e t,.rril , . ln ,il0 roof A j,ent wt.-e Iuh tjr . ro, ;Jel- Tll!s win'havo 1 MtUcK or n., -,t; .f vp feet and will be wroantjed b a walk that wide. Just "aliKpt,MtlGn will ho inado of the pent u-'t li s.,il undetermined. There has 'en mi,i talk 0f turning It Into a club. In ") eveni n is suitable for a variety of Purpose Ten fl-.1.nra V . ' MtSLdUtJ, CIA Ul .. i at. xcr passengcri, two comb!- "ail l baisnier im,1 frll,t nn lh main.ns tv.o for freight. Tho latter four : ' msJw 'fom a loading platform, of ? VI1 bs located at th eastern end in- . hlrtl:th btreet side of the bulld- 'i iour toot passageway to the street wwhandlTe passengers from the be in ila ''France to tho building will M tL .? aVenuo frn. In the centre 5a tTu,c TI,e Brou"d floor space the vU? "M(lf:d 0 that tne entrances to orner, " Umts wl" bc ,ocated at lnc - jesicraay: mere lias ti-nsorhood. I feel that the oro t h'thl? r'li ?ccd ror a t,ctl!c building fcet """""noou. I u benefit Z P ?u n'ent wl" bc o llstlnct TherAi. ,hw Ee(!Hon of the avenue. Pice ma" "xc'cdl"l- 5arge demand for wkl'ncM ?5 l 'e ,oxlllc ,radci wlllcl1 ! hTi.i .u1'0 'ol,owlnR '"go leases ll r t in ,hp paat few days:- ln" -nrv' V.nl0n Kxchange N'a hirM I T,h'tltth lTCct 8torc a"l 'lil a rni, A Va" Ilaallfi Of S3 i floor ii 1" P,,on on the -ntlrc sec- Nn r '"- 7.' lor.KrlfsiMm Company, -. umauwaj Ilium fitmr sixteen story structure to be erected on .the block front in the east side of Fifth Avenue, between .Thirtieth and Thirty-first Streets, for the exclusive use of those identified with the textile trade. &JfcJf??ZmV BROAD STREET CORNER No. .-Ill Fifth avenue, and John II,' Meyer & Co., Inc., of No. w Union square, large space. "I believe in building for permanency, Therefore the floors are so laid out that they can either be leased in' their entirety or subdivided. The entire responsibility of the success or failure of tho project rests with me, for I am tho solo owner and builder, having no associates In the enterprise." Mr. Backer was" one of the pioneers In the development ot Madison avenue, north of Madison square Into a' business sec. tlon. The buildings which ho erected Include N'os. 126 to US' Madison avenue, northwest corner of Thlrfy-flrst street: Nos'. 15 to 153 Madison avenue, northeast corner of Thirty-second street; N'os. 99 to 103 Madison avenue, northeast corner of Twenty-ninth street; N'os. ; and 78 Mad ison avenue, southwest corner of Twenty eighth street: Nos.'SJ to a East Thirty- third street and N'os. Jl to 7! East Thirty- PURCHASED BY A TAILOR The southeast "corner of. Broad' and Stone sts., one of the smallest Improved parcels In the city and which has an Interesting history, has' been sold by tho Brown, Wheelqck Company, Inc., for Frederick W. Kroehte for' a price between $25,000 and $30,000. When tho New York Telephone Company had in mind the Improvement of the block front In Broad street between Pearl and Stone streets It desired to In corporate this parcel in the slto and is years.- . x said to nave made an orrcr or $so,oqo to the former owners. This was refused, and the company went ahead and' built a seven story structure around It. The small parcel contains a two story building and fronts 10.6 feet In Broad nt. npd 20.3 Tect In Stone st. The new owner of the property Is ftlchard Cohn, tailor, who Is being crowded from his quarters In tho Produce "Ex Committee on Taxation and Retrenchment A similar bill In the Assembly is Ko. 85, Introduced ijn January 12 by Assembly man Thomas- A. McWhlnney. These bills 8h',uld not bc held up to await the possible formulation of n general tax reform meas ure, but should be enacted at the earliest possible moment, If only to remove the ob jection raised by certain Congressmen to early action In Congress while this State malntnlns its Income tax on mortgages. People who arc negotiating for renewals of their leases In tenements, apartment houses, offices, stores and workshops In this city ought not to overlook the fact that enactment of these measures (the McLaughlln-Calder bill In Congrcsi and the I.ockwood-McWhlnney bill at Albany) U of the niost material concern to them, because there Is neither help nor prospect of any amelioration ot presenting renting conditions until many hundreds of inl' lions of dollars shall bc found for invest ment In new construction. Ttj John I., rarlmb. The Joint Legislative Commission on Housing, of which Senator Charles C. Lockwood is chairman, has presented- to the Legislature a preliminary report promlslnc final report in February, '"at which time the federal government and the cities of this and other States will hava complied their 1919 data relating to building operations and conditions of the Jabor and money markets, and informa tion regarding various methods employed by tbe different communities and foreign governments to stimulate construction." Testimony taken by tho commission showed that the housing situation was especially acute In the city of New York, although ln the larger centres ot popula tion throughout the State conditions were becoming quite as bad. They find that In respect lo new con structlon "tho two important deterrents at this tlmo ore: First, tho fact that fa cilities for production are not equal to the extraordinary demands from both the home and foreign markets, and, second, mortgage money available for construc tion is being withdrawn by reason of fed eral and Stato taxatlonon incomes, which makes tho new yield on mortgages wholly unattractive to money Investors." "As to production, those engaged in building1 construction in N'ew York SJata advise the committee that orders placed In tho spring of 1919 for doors, sash, plumbing fixtures, healing apparatus, plate glass and other material absolutely necessary for use In construction are un filled "The associations and In dividuals-engaged In the placing and sales of mortgagesreport that individuals and estates hav. required payment of mort gagc3 aggregating millions of dollars for the reason that the net yield after deduct ing federal and State .income .taxes, has been in many instances as low as three per cent. Thl3 money leaves tho mortgage market and 13 invested In Industrial and government, State, municipal and other tax oxempt securities, yielding a much larger Income. There is pending in Congress a bill to exempt from Income taxes Interest on mortgage holdings up to $40,000 (In Indi vidual ownership). Representatives of this Stato In Congress advise tho commit tee that so long as New York State by Its income tax law taxes the Income on mort gages thsy are somewhat handicapped In their efforts to secure a feasonaoie exemp tion from federal taxation. To meet this 'situation and to aid construction thq com mittee recommends for your consideration, the bill exempting from Stale income tnxa tlon Incomo on mortgago holdings up to $40 000,' "With the influx of additional mortgage money, building will be greatly stimulated and tho tklo ot the supply to meet tho demand will set in and rents will tend to reduce. "Exemptions from taxation should be avoided) but-extraordinary conditions de mand extraordinary remedies. Wc arc confronted by a condition so avenue. Airs. Ashman was the widow of acute and indicative of such peril to the the lato Amazlah Levi Ashman, who died pubjlo welfnro that no mere theory, no ln 1902 at seventy-two years of age and matter1 how sound In normal times, must was the proprietor ot tho Sinclair House be permitted, even temporarily, to with- at Eighth rtrcet nnd Broadway for more stand the peril of necessity." than half a century. The bill referred to Is Senate bill No. 17. For tho estate of Teresa M. J. O uonohue. thaoe, where he has been for several introduced January. 7 -and referred to tho wife of "the late Joseph J. O'Uonohue, IMPROVED PARCELS TO HIGHEST BIDDER An nstontshlngly strong demand for Im proved farms In N'ew York 3tata oh the part of farmers from other States and Canada Is shown in a .report Just made nubile by the E. A. Slrout Farm Agency. which details the' movements of.the buyers of 3,668 farms, valued at $17,936,500, sold by that agency during the last your. Althougtrtxir these sales were made in mirty states, almost one-quarter of them, or 908, were In N'ew York State, and of theso 6o3 were to farmers .from other States, and Canada. The largest number of buyers naturally came from' the high Price sections In the Middle West, .as farms of practically equal productivity can yet be found at consid erably lOwer prjees here, but nearby States and also distant ones us well contributed to the total. N'ext to N'ew York State, which supplied 219 of tlie 908 buyers, Pennsylvania, with T9, sent the largest number of buyers of any single State. Canada came next, with 59, followed by Illinois and Michigan, with 58 and 51 respectively, N'ew Jeiscy with 4S, Ohio 43 and Wisconsin CS. Montana and Tennessee each sent ten farmers to settle on Now York State farms. Connecticut nine, Maryland eight. Kentucky five., Delaware, Texas and Ver mont four each, and Idaho, Maine, Mas sachusetts and Wyoming three each. There were two each from California. N'ew Hampshire, Oklahoma and Alaska, and one each from N'ew Mexico, N'orth Caro lina, Oregon. South Carolina, Rhode Isl and. Washington and Nevada. Of 219 New Yorkers who purchased farms In other States, eighty-three went to N'ew Jersey, twenty-nine to Vermont, twenty-two to Connecticut, sixteen to Maine, fifteen to Florida, fourteen to New Hampshire and thirteen to Mary land. Ten New York farmers located In Rhode Island eight In Delaware, four in Massachusetts, three In Pennsylvania and one ench In Michigan nnd Virginia. Included In tho large schedule of prop erties listed to be offered on the next special sale; day to ba held by Joseph P. Pay, auctioneer, on Tuesday, February 17, , at twelve o'clock, noop, at 14 and 16 Vesey meet, are two Manhattan business parcels and one Brooklyn tenernent to be disposed oy aosoiute t-xecutors sale by tho estate' of Mary W. Wright, Jonathan Wright, p.xecutor. OthOr estate properties to be auctioned on the same day Incltida the holdings, of the estates of Charlofl M. Uurlock nnd Henry .Miller In addition there" are n number, nt Mnnlmfffin nr,- crlil. Brooklyn voluntary listings nnd th offering of two store tenements in West -New YorK, 'x. J. The properties to be sold by the Wright efitato arc: N'os. 14 nnd 16 Vandewitcr ttreet. a five story loft, 52xl26x Irregular; No. 208 East FIfty-secor.d street, it four rtory wareiiouse, 20xton. nnd in Brooklyn, northeast cornnr of "Wythe avenuo and South rirst street, a four story tenement. Other properties to'be sold by estates In clude the plot, 80x99.11, with five one and two story dwellings, nt the southwest cor ner of Park avenue1 and 128111 street; also No. 126 West 134th street, a tenement, 30x 99.11. . ; - ... Voluntary offerings in Manhattan con sist of tho six story tenement. 75x100, at N'os. .ri41 to 345 West Forty-ninth streut; also the vacant plot. 50x150, in the south side of Post nveliue. Hp feet east of 234th street, apd twelve lots. 25x89 each. In Story, Havemeyer and Qulmby avenues. Voluntary offerings in Brooklyn includo' the two three story tenements, 20x100 each, nt Nop. 523 andi 623 Court street: also Nc.3. 918 to 954 Gates avenue, a two story frame dwelling, a four story brick tenement nnd .1 three story frame factory. The property to bo sold at West N'ew York, N. J., is located at the northeast cornir of Hudson avenue and Fourteenth street, ituxjuv, iv.o four story tenements. VARIETY OF PROPERTIES TO BE SOLD FOR SEVERAL ESTATES iwiMiii ii tmiw n mu ui.ii.awuj.j.rjAAjrTrrti'anww"' m...ini...- i Nos. 1,201 to 1,207 Putnam Avenue, Plainfield, N. J and No. 19 Seventeenth Street, Brookfyn, tWo of the propor- u 1 1 ii , V 07 ury"n e"ney o rebruary II. Included .in the sale are a number of dwell- ing which will be sold with possession. Several properties owned by well known wl" bo offered N'os. Ill and 123 Hester iineei, ivo six. aiory tenements. 111 ijog Mr. O'Donohue resigned as City Chamber- estates in Manhattan, Bronx. Queens, Brooklyn and Plainfield. N. J am in eluded in the long list of properties to be offered at auction by Bryan L. Kennelly. on the special salesday, Wednesday, Feb ruary 11. Tenants who wish to overcome the high rents will have an opportunity to Invest In dwellings. Properties listed Include a largo varfety of dwellings; they are to be sold with Immediate possession, nnd only a small amount of cash required to comply with the terms of sale. Some of the properties to be offered for sale Include the College Inn, nt N'os. 2,338 to 2,264 Jerome avenue, one of the old landmarks ot tho Bronx, which Is to bc sold for tho estate of Ellen A. Ashman by order of James Butter and James J. Ryan, executors: also for the same estate two dwellings nt Nos. 2,317 to 2,351 Walton lain. The late Cardinal Farley conferred upon Mrs.- O'Donohue the ' decoration of the Lady of the Holy Sepulchre which was granted uy Pope Pius X. Tho dwelling Nos. 1,201. to 1.207 Putnam avenue, corner Kensington avenue. Plain field, N. J.. on a largo plot, with a garage for two cars, one of the show places of Plainfield, is scheduled for sale. Other offerings Include, dwellings at tho north west corner or Frlsby and Benson avenues. Bronx; two dwellings, with garages for two cars, each nt tho north corner of Shore road and Seventy-ninth street, Brooklyn, within a few blocks from tho Crescent Athletic Club; also a plot, 73x100, ln Fleldston road, near 23Sth street; two large building sites ready for Improvement In Monroe, avenue, between 174th and 173th streets, nnd -a factory slto In the west side of Whltlock avenue, with ap proximately 60.000 square feet, comprising nineteen city Iot. This property Is di rectly opposite tho New York. New Haven and linriford Railroad. One of the old landmarks of Queens county, known corner of Uackson and Woodslde ave nues. Long Island City, will also bc auc-tloned. AVTIVITY AT IiATJKELTON, ' Alterations to the interior of the Laurel ton Building, nt the northwest corner oi 7th nv. -and KM St., were completed yes terday nnd tho building Is. now occupied by the Hathron Homes Coroorntlon nnd H subsidiaries, tho Laurelton Sales Com pany, inc.. and tho .Bonded Construction Company. Tho exterior wulls of the build ing will be stuccoed as soon as tho weather permits and this will comnlata nn im. poftant Improvement to this prominent corner fronting the Pennsylvania stnrlnn and directly opposite to tho Pennsylvania tiotei. Tno Laurelton Sules Company, the Mies managers of tho property, reported yesterday that tho threo apartments Just completed by the Hathron Homes Cor- poratlon ot Laurelton ure fully rented from February I. The company sold the now garage on the Merrick road frontaim of the Laurelton Drouerty now under cori. as Mc Gowan Hotel, at tlie southwest structlon and to cost approximately $50,uafi - i fcg, , im irwn-wiifiiiMiiiifii f th . mri m i-itytvm m t 'TiTfWMnriMwamngiiir nimiiTr. - virw .