The New York Times from New York, New York • Page 71

Part Eigkt Real Estate Section Part Eignt Real Estate Section SUNDAY. FEBRUARY 5. 1011. LATEST DEALINGS IN REALTY FIELD The Wolfe Building to b3 replaced by a Modern Skyscraper. PROBABLY 40 STORIES HIGH pvtatcr Buys Second Avenue Corner Properties in a Trade Suburban Deals.

Trie recent purchase of the John Wolfe fulMlns. 'llllam Street, between Ub-erty Street and Maiden I-ine, Is likely to followed by an Important building ration, 'which, according to a rumor current yesterday, contemplates nothing jr than the. demolition of the present and the erection on-the Bite of hlgh-cisss tttir bull-ling of at leant twenty jrlfj and possibly forty stories Uh. TNe.fa.-t th.it nn operation of such masnitucl is contemplated illustrates c'ewrly thi Increasing ilemaml for proper! in the heart of the. Insurance district anil the enormous expansion of that bufinrs in went years.

Th Wolfe liu'lding was one of the earliest of the tall structures In that vicinity. It was rut up wer a dozen years ago. In Biany respects It Is lucking In the conven-Vtnres of the more modern office build-lB. and Instead of making extensive alterations the new owner believes nn entirely tiw building on up-to-date lies will trova an excellent Investment. Dans will perfected, it Is learned, during the coming week.

The Wolfe Building wns recently sol.l at auction, being bought in by the heirs of the Lorena H. Jones estate for rhar'e Noves Co. effected the recent resale. The building occupies the western hHlf of the triangular block fronting feet on William Street. The eastern half of the block Is occupied by the tlerinan-Amerlcan Insurance Company's building.

Hoffatot "aid to be Koclld Hall Buyer. Despite the denials of the owners of the Euclid Hall apartment house. Broadway. etween Kighty-flfth and Kighty-slxth Kt-erts. that the property has sold.

It was reported yesterday that the buyer is frank N. of Pittsburg, the iTnperty Is controlled by Sonn Brothers ad Jacob and Samuel Hirech. Second Atrm Corner Sold. The southwest corner of Second Avenue ml Twenty-fourth Street, a plot 74 by T.T. has been bought by William Gold-rtiie and Simon Meyers.

The plot Is -occupied bv four five-story buildings, being- -111 to 4ir. Second Avenue and -40 Bast Twenty-fourth Street The property wa sol.l for Mary T. McQ.iade by Charles Wotlnsky and Axel Olson. Sella 52d Street James A. I)owd has sold to a client for Dr.

F. J. Schoenberger the three-story ad basement dwelling 247 West Fifty, scond Street, on lot 14 by loo.o. May-era for Tenements. 'Tho two five-story and basement tenements" at 4H and 411) West Fifty-first Street.

feet west of Ninth Avenue, hive been soi by the Herman Arns Com-inv to a client for Marie L. Heche of ryverai.le. Conn. They occupy a plot oO ''The' five-story tenement at 61 Eighth Avenue, being tho southeast corner of Fortieth Street, ou plot 2t by has been sold by Herman F. Birdsen.

Harlem Dwelling: Sold. John IJ. Taylor has sold for Jesse L. M-Knlght 21 West l.UUh Street, a dwelling. 17.fi by W.ll.

to Henry Mars and Annie Hall. Aadabon Avenue Deal. A larxe plot. 1 by 1. on the northwest corner ot Audubon Avenue and lTlsl Street, lias been sol.l by the Kmpire "it Woodworking Company to the llar-e Itealty Company.

It will be improved by the new owner with two five-story apartment houses. Bronx. Properties Traded. Christian Wolz baa sold through M. H.

Meyera and Gilbert Bobbins) the four-story triple flat at I3 Fast Vtith Street. plot 2" by lo, to Charlesj Monday. Tha Utter gives In part payment the dwelling ut 1.4 Nelson Avenue, lot 111 by IN. The same brokers have ejchanRcd for Mr. Wols 1.4ot Nelson Aenue with Holert Neumann, who gave part payment the lot -21 by 7S at 2S Sra.lriurt Avenue.

I Suburban. Toon has purchated from Will-lam J. Moore the latter'a cottage and Imlf-aore plot at Far Rockaway on Roanoke Avenue. Herman Frankfort was th broker. Archibald C.

Fosshs sold to a client, or Investment. Twin Kim Farm, a country estate of rtM acre at Kast Chatham. Oulumbla County, N. Y. The property waa nsd hy the Thomas estate.

"la Weal Side Oarage Lease. The Cross Brown Company has leased f' the White Company, for a term of at a gross rental approximating the three and ix storv garage Wi.ilnns at and 213 West Knd These building are betwet-n Slxty-iinth sod Seventieth Street, and cover Plot i.m hy bat. The lessee Is the independent Owners Garage Company. 3etes. Ronald C.

I.ee of the Bealty Record r'mpny will deliver a lecture on real etata office management on Tuesday vnirjr at the Young Men's Hebrew Ninety-second Street and Avenue 'iin Joolwln have been arpoint-l for the Iafavctte. a six-storv "J'arTinent h.vise at -J-M West li'th and aist) for the houses and It) Avenue Fast and X2 Weat 'u Street. M.nris was associated with Arnold. a liaumann in the sale of the six to l.tO Simpson Street, Bronx. Hillside Station at Jamaica.

"es. on the new station at Hlllsfde. dl-J'T south of Janvilca Estates, has so progrPi negotiations are now Jln between Jamaica Estates and the IUnd Railroad Company toward iKVnr for additional express service op. on th new Spring time table. ent definite announce- a k.

or tiiej-e negotiations l.w Mt djt- The Ja- A the following sah-: on R''nor Road" a plot TuOor Itoa I'0" Rad Pl0t by 1M More Tracks for Central. tatement made by the fole 'ntr1 regard to Mth tnr rh Harlem Division 1 wntalned In "svft "iwriy nJ hy Catherine ASSESSMENTS EQUITABLE. 4 Brooklyn Real Estate Brokers Adopt Resolutions. At last rncetinz of the Brooklyn of BcaI I'state Brokers the resolution was adopted: KeKolved. That It lr the nen.se of the Brooklyn Bourd of Jleal Kstate Brokers.

wiio thoroughly believe the nssessed valuations which have recently l-en levied In the Borough of Brooklyn are, after a rursory examination, in the majority of cases) most equitable: while in some instances they dre inequitable ano undoubtedly overassessed, we arc inclined to the beli'-f that the Assessors will correct those fl.igrxnt casea upon tlie notes-sry ielng submitted to them." The greatest outcrv the recent increase of nearly in the assessed valuation from Brooklyn property owners or promoters. In the fic of this, and in direct onptiaition to t'ie Manhattan Bord of Benl Kstate Brokers, th 'Brooklyn brokers express the opinion that the new valuations are in the majority of caesj equitable. Tho Brooklyn toard In all Its history has done nothing more calculated to force home the truth that New York real estate is the world's premier Investment. VALUE OF JERSEY FARMS. Average Value Per Acre $83.19 Against $57.23 for 1900.

New Jersey farm values, according to the new census, are announced by the Census Bureau. The total value of farm lands and buildings is given in 101t as as againet $1 62,001. ono in an Increase of fjO.MO.OOO. or 31 per cent. The total acreage reported In 1910 was 2.5;i',ix) acres, aa compared wJth in litoo, a decrease of 279.00O acres, or 10) per cent.

The improved acreage waa returned In 1010 as amounting to 1.8JO,000 acres, aa against 1.977.ono in 1000. a decrease of acres, or 0 per cent. The Improved acreage formed 70 per cent, of the total acreage In both 1910 and It a i. The average acre per farm reported ia 1U10 was eventy-seven, against eighty-two In l'ju, a decrease of five acres, or 6 per cent. The average value per acre of farm land and buildings In lUlo Is stated as SS.t.li, aa against S.7.3 In 190t.

a rise of sjo.Uti or Hi per cent. The value of farm Implements and machinery was 12.1Km,Oi in 1U1, as against in VJ a gain of or S'J per cent. The value of farm lands alone was reported in 110 aa as compared with In ItsjO, a gain of or per cent. The value of farm buildings alone was given in lUlo as as agninnt in 15xai. an increase of or 31 per cent.

The expenditures for labor In 1910 reached the sum of as compared with in lisw, an increase of Ki.S10.tai0 or ii per cent. The expenditure for fertilizers amounted in to while in It was a gain of ,041.000 or l4 per cent. KING ESTATE AT AUCTION. Many Valuable Parcels in the Pennsylvania Loft Zone. Bryan Kennelly announces that he will for the estate bf Edward J.

King, deceased, on 8, a li-t of properties that Include some of the most valuable Sixth Avenue parcels offered at auction In recent years. The schedule of offerings includes 505 Sixth, Avenue, between Thirtieth and Thirty-first, Streets, two blocks from the present jterminal of the McAdoo tunnel system. Uimbels store, and the Pennsylvania Terminal, a four-story brick business building, with store, on a lot 17 by by inegular, the property being leaded to one tenant; also 4U7. 4nli. and Sixth Avenue, between Twenty-sixth and Twenty-seventh Streets, two-story brick buildings, with stores, on a plot by l.ai.

Mr. Kennelly said yesterday that ho had received numerous inquiries for fifty-foot plots in this vicinity, but had found it difficult to obtain sites as desirable as the plot to be sold. No. 7N Sixth Avenue at the Southwest comer of Forty-third Street, diagonally opposite the Hippodrome a four-story brick building, on a plot 21.8 by is included in the offering. This nrnnertv Is I located in one of the busiest sections of uoper Mxth Avenue.

Also West Thirty-third Street; an important plot, facing Cimbel Brothers' store, and located feet east of Seventh Avenue and the Pennsylvania station. There Is a two-storv brick stable on the plot, the size of which is 1S.4 by by by Also J.2)U to Kighth Avenue, and 24 to St. Nicholas Avenue, at the corner of West U2d Street, a large corner property, which Includes a one-story and basement brick building, with stores, on a plot loo.ll by laiTit, by 118.5 by 2S.H. Seventy-five per cent, of the purchase price may remain on mortgage for one or three years at 5 per cent. Real Estate Board of Brokers' Dinner The fifteenth annual dinner of tho 1 Real Kstate Board of Brokers of New York Vity.

which will be held at the Waldorf-Astoria next Wednesday even Ing. will call together tho largest as semblage at any dinner that has ever been given by the Real Kstate Board of Brokers. Thj -speakers of the evening will be Oov. John A. lilx.

Controller William Prendergast, Frederick W. Whltridge. Receiver of the Third Avenue Railroad Company, and E. W. Townsend.

author ot the Jimmy Fadden stories. Joseph 1. lay. Chairman of the Dinner Committee, reports that every evidence of a very successful event ts manifest in the constant demand for-aats. The Governor will be tendered a reception from 7 to 7:30.

New Departure for Board of Brokers. A special meeting of the Real Estate Board of Brokers of the City of New York will be held on Feb. 13. to consider the report of a special committee on the change of name to the Real Estate Board of the City of New York," and on permitting the sale of real estate securities "on the board. The committee lias found that the demand Is crowing strong, er for this character of investment; that it is being taken Up bv people of moderate means, and it believes that the position of the organisation will be very much strengthened by opening its doors to their sale.

3To provide a way for this the committee reoommends the admission to nssociate membership, with voting privileges, of a number of men interested In real estate who are not brokers. It is believed these changes will widen the scope of the hoard and Increase Its facilities for the handling of securities Issued by real estate corporations. Nineteen Dwellings Underthe Hammer Joseph P. Dav will offer in the Vesev Street Salesroom next Thursdav. Feb.

fl at Supreme Court foreclosure sale, an exceptionally large plot with a frontage of feet on West 1.15th Street, and a depth of W.ll. located 17.1 feet west bf Seventh Avenue, which la at present occupied by nineteen three-story and basement KlW and known by the street numbers iT-." ti 1h West 135th Street. They are to be offered aa one parcel. Peace Monument at Jamaica. A recent letter from Ruckstuht the sculptor of the Police Monument at tho Junction of Hillside and Bergen Avenuej, Jamaica, 'to President Gresscr of Queens has reopened the subject of the removal of the monument to some locality where tt would no longer endanger traffic.

There Is a growing realisation of the necessity for this change, and (iov. Timothy I Woodruff. President of Jamaica Estates, has publicly renewed hi -offer of the ue of a highly desirable location on the southern frontage of Jamaica tales. $1,250,000 a. .1 X-' I Fifteen-Story Structure to be Erected on Walker and LIspenard Streets for New York Telephone Company.

A new skyscraper, costing over which will be the highest building In its Icinity. will soon go up on Walker und Blsponard Streets, west of Broadway, for the New York Telephone Company. It will occupy the riot at IS to 20 Walker Street, running through tbe block to 18 and 24' I.ispenard Street, between Church Street and West Broadway. The Walker Street- frontage will be 125 feet, and on Klspenard Street 00 feet. Canal Street Is one block north of LIspenard.

while St. John's Chapel, on Varlck Street, Is two blocks to the west, the Immediate section beyond West Broadway, including Beach, Varlck, and Hudson Streets, having been the tentre of many Important building operations in high-class lofts wltbin the last three years. Building operations on this great tele NEW BUILDING ON HISTORIC SITE. On a little corner plot at Pearl and Elm -j ing. In recent years there has been lit-t Subway station.

Broadway is one block Streets, which during the war was occu- tie hisjh-class building in this locality, to the west, and the City Hall is about oy ie-ne a ten-story fireproof office building costlns about is being erected. The building ii Onn finn Crnrtnn at Pearl mnA Flm Streets, Goldwin Starrett Van Vleck, Architects. which formerly stood there was burned down last October, and the foundations are beinj? prepared for the new structure. The old edifice was put up shortly before the war for t'ie Leslie publishing bouse. Previous to two or three eld wooden houses stood on the typical examples.

aa th? accompany ins i.r.is;auon will snow, of the two-story-and-attie houses 40 common in the city during the first quarter of the last century. The plot that, is now to be transformed by a thoroughly modern building Is the southw-ert corner, fronting 4V.7 feet on PesrJ Street and 7H.3 feet on Elm Street. Directly ia tbe bi Edison Build- r- mmm mM- purrs tesi iMmyE. Pi lU Mmm TELEPHONE phone structure, which. will be one of the largest buildings devoted solely to the telephone service In the world, will begin this month with the demolition of the old structures on the property.

The plans as prepared by the architects. C. K. M. Eld-litx Voorhees -call for a lfteei-tory bonding, but It ieplarued to Increase It to a twenty-four-story building in the near future.

It will be the tallest structure between Duane and Fourteenth Streets, and will cover an area of approximately 22.ia square feet. The fif teen-storv building- now to be erected will cost about The land represents an Investment of about SotKi.ottO. and when the additional stories are added the entire invest mern will iw somewhat over It is to be ready for occupancy bv March 1. This new building will house the general offices of-the New York Telephone Com- any. The present telephone building on ley and Cortlandt Streets will still be re i i t-.

1 aunougn tue new Municipal ounumg 1 barely two blocks to the south. One block to the north is the Worth Street toil iWib --e Old Houses on the Same Corner Seventy-five Years Ago. BUILDING. tained for offices by the Company, but many of the departments which are now in. other structures near Dey Street will be moved to the Walker Street home.

The important feature of the new buildings, will be its- switchboard. will be tlie lasgest one in the country." It ill have positions for 2iO ODerators. NoJ local service will i be conducted, there a'n'tll late date, but ultimately there' will be three large local 'switchboards established serving eo.ooo i stations, a larper number than is now provided for in any telephone building in the world. The enormous growth of the I telephone "business has necessitated this rew building as -a perm.ment home to i meet the continued expansion and also to obtain better working facilities outside of the resent congested district-in the Dey and Cortlandt Streets locality. While no attempt at elaborate architectural adornment will be made, the facade will pres-ent a Rnpear-nnce of llmertone for the lower stories, with brick and terra cotta trimmings for the upper stories.

tiirce blocks below. There Is a steadily growing demand for office space in the vicinity, and tlie present operation Is being viewed with considerable inierost by adjoining owners and realty brokers. This little corner that is about to be brought up to modern city conditions is owned bv the Harrison estate, of which Congressman Fnincis Burton Harrison is a Trustee. The New York I-ife Insurance Company acquired the site from the ls-lie concern, and in a time it was purchased by A. M.

Clonney. who sold it to the Harrison estate. The Harrison estate is putting up the building for the C. Ac M. Envelope Company, which has taken a 21 years'.

lease on the property. The leafing concern will use the first five stories, and the upper five will be rented for office purposes. On Oct. 3 last year the old building put up by the Leslies was burned, and four firemen had narrow escapes from serious injury. Fifty-odd years ago, when it was put up, it was regarded as one of the strongest structures in that part of the city, the walls being especially thick.

An Interesting fact in connection with the on which the new building Is to be erected and which Illustrates the increasing demand for well-situated property In the vicinity Is that in the two years following lift! when the corner was purchased from the New York Life Insurance Company it was resold three times, and ihe last sale showed a profit of ovtr the liaal The New Yoi Insurance Company received 4eii.iMS tor tle plot and the consideration for the final sale was X1.ZA. The diaries V. Noyes Company, which negotiated tho deals, will have charge of its office rentals. The C. M.

Envelope Company, which has been mainly instrumental in inaugurating an improvement to this part of the city, was organized six years ago in a loft on Beekman Street. Soon after the concern moved to 72 and 74 Duane Street, and moved into the old building on the Pearl and Klin Street corner sliort-Iv before the fire. George C. Moxon Is President of the company. W.

L. Lewis Secretary, and O. W. Morgan Treasurer. Temporary quarters are now occupied near by.

The new- home is to be ready for occupancy by May 1. giving but three months to raise the steel frame and completely fit up the building for offices. Gcldivin Starrett Van Vleck are the architects, and in general appearance the new st-ucture resembles somewhat the new Mills Gibb building which the same architects designed, lately completed on the northwest corner of Fourth Avenue and Twenty-second Street, the I site of the Fourth Avenue Presbyterian I Church. ASSESSMENT REDUCTIONS. Now Is the Tim to Make Your Application.

Now is the time to make application to have revised or reduced- the valuations proclaimed on Monday. 'Jan. 0. by the Tax Commissioners upon the occasion of the opening of the tentative assessment rolls for the year llt. Such claims must bo made before March 31.

on which date the tax books will be closed. Property owners will be obliged to render to the Tax Department a sworn statement setting forth all the Important facta relating to the property and why the assessment Is believed to be excessive; also the sum which he. as the owner of the property In question, believes to be the true value for purposes of assessment. The following questions are those to which the Tax Department draws atten- What was the full consideration? In what manner was the property acquired? State whether at private sale or otherwise. Did present owner have any.lnterest In or lien upon the property previous to acquiring title? Character of improvements.

apartments, atato number of floors. Date of construction of Improvements. "Is the- property rentI or leased? If rented state gross rental; If fully rented, present rentals. If leased, state terms of Tease and name of lessee. Has any mortgage on the property been made or renewed or become due since January, lCs)h? Is so, state circumstances.

Since the property wns acquired what amount has been expended in permanent improvements? Was the full and true value of the property on the second Monday of January last less than the amount of the assessed valuation? Is the objection based on the valuation of the land or the building? BACK TO THE FARM. The Theory All Wrong, According to Prof. Bailey. In an address before the People Forum In New Rochelle, Professor L. H.

Bailey of Cornell College, speaking of the country life movement." said: The present census shows that not over one-quarter live on the farms, and I believe that In 1820 not one-fifth will be on the farms and that will be enough. We are passing out of rural civilisation. Merely to place more people back on the land will not reduce the cost of living. Tho economic questlo.i is how to find out the cause of waste between the farm and the dinner table. What we need is economic co-ordinate relationship between the city and country in order to balance up our civilization.

Because there are less farmers now than ten years ago Is no reason to think that there will be a falling off of farm products, because science is taking the place of farm hands and there Is a sufficient ratio of people In the country to produce for all mankind. Prof. Bailey favored settlement In villages. Many factories, he thought, could be taken from cities to towns where employes could have their own truck garden to help support them. BUILDING FIGURES.

Demand for Two-Family Dwellings Unequal to the Supply. Completed statistics for the entire metropolitan district show that 13,725 private dw-elllnirs wera built or projected last Tho new etructures cost $43,858,800. They were planned to house 135,000 persons. The investment represented in land and buildings made a total of $05,000,000. Real estate specialists In all parts of the ontivins- territory say that the output Of one-family and two-family dwellings dur ing the year was not equal to the demand for such structures.

More than 200,000 persons a year could be boused In such buildings If the proper quarter were available. With a fair business revival this year suburban brokers say that they could dispose of 20.000 to new. dwellings. Builders In many sections are planning to meet the demand. Richmond, with Nassau.

Suffolk, and Westchester Counties, within the metropolitan district, "built 2,100 one-family and two-family houses. In the further suburbs of Richmond. Nassau, Suffolk, and Westchester the outlay was for construction, or a total investment In land and new buildings of DOSCHER ESTATE AUCTION. Valuable Parcels In Manhattan and Brooklyn to be Offered. Eight Brooklyn and two Manhattan properties belonging to the estate of the late Claus Doscher will be offered at absolute executors' sale by Joseph P.

Day in the Vesey Street Salesroom on Thursday. Feb. 16. They Include the following: Northwest corner of Lalght and Greenwich Streets, known as 421 Greenwich Street, a seven-story and base ment brick loft building, on a plot 37.6 by 75; southeast corner of Desbrosses and West Streets, known as 270 and 271 West Street, and 37 and Desbrosses Street, three five-story brick buildings, with stores, on a plot 43.0 by 83.3. The Brooklyn properties Include the southwest corner of Fulton Street and Hanover Place, known as 510 Fulton Street, and occupied by the famous restaurant known as The Bank." which Is a three-story and cellar brick building, on a lot 2a by 70.5; 103 Broadway, running through to South Sixth Street, a nve-story store and loft building, on tota JV vacant plot on Montrose Avenue, EfP at the intersection i three-story frame and one tnree-stor brick EES wesl coVn-eVo-f ZP be Sold one parcel, on a plot 40 Ly 100 J4 Doscher Street, two-story and TO'4 Street, two three-story and o.

lot. 1U.11 by 75 each. Sales at Valley Stream. The Windsor Land and Improvement Company ha. sold at Valley Stream to Dunkhorst Rohlflng.

a plot. 120 by 113. at Melrose Street and Franklin Avenue; to F. J. Sayre.

a plot. 70 by 152. at Madison and Aqueduct Avenues; to Henry HUlebrand. a plot. 40 by 100.

at Hamilton Avenue and Franklin Street; to Frank Rappaport, a plot, 65 by lOO. on Haw-throne Avenue: to Milton Maerkle. a plot. 40 by 100. on Milton Avenue; to G.

EL Koch, a plot. 80 by 100, on Franklin Avenue; to Louis Susman. a plot. 40 by 100. on Madison Avenue.

Tbe same company sold, at P.ockviije Centre, to M. L. Warren, a plot, BSD by 117 at Nassau Parkway and Mount Avenue: to Matthew Hackett and L. I. War-neke each a plot.

40 by H. on Rockville Centre Parkway: to K. Nietman. a plot 4 by 1K Fortesque Avenue; to Worm Goellnit. a plot.

320 by luO. on Mount Avenue. At Roeedale the same company sold to John Lahert a plot. 4 by lo, In WelU Court: to Dr. William Richter.

J. R. Lang- 1 V. -4 fn.l,rtv irh a TllOt. ieio.

ntl'I ii.i 40 by li, on Concord Avenue: to alter Woods, a plot. djt is, on vima- nue. I- EXPECT BIG BOOM IN LONG ISLAND REALTY 1 Acres of Newly Developed Territory Will Be Opened to Homeseekers. PRICES RAPIDLY ADVANCING The Steady Improvement of Transit Facilities Has Worked Wonders I Along the North Shore. While the real estate market on Long Island has been exceptionally good for the Winter months.

It gives promise of still greater activity as Spring gets nearer, especially in view of the fact that mortgage money In ordinary amounts is becoming more plentiful and the rate of Interest tends to become lower. Whether It Is the confidence of the public in the ultimate establishing of a freight and passenger terminal at Montauk that Is amplifying the activity of Iing Island property or whether It It the steady Improvement In the traffic facilities there alone is a question, but the demand for both Improved and unimproved property is strong and values show a good undertone. The constant erection of "dwellings on land developments heretofore In a primitive state has had much to do with aiding fee values. Every structural Improvement adds to the price of adjoining vacant lota, and buyers are not unreasonable about paying. The average buyer of Long Island lota Is a pretty shrewd quantity and know, the real estate situation there about as well as the land developer.

Throughout the Winter there has been delegations of buyers throughout the south and north shores. The middle section of Long Island is only In strong favor in tho Hempsted Plain, section, where well-established communities thrive and where through' electric train service la Installed. Most of the long-distance commuters on Long Island are on the Montauk or South Side Division, probably because It Is a double-track system with frequent express trains. The bulk of the Important communities of Long Island are on its south side, that is to say. its largest all-year residential villages that are beyond the city's llmita Lynbrook.

Rockville Centre. Valley Stream, and Freeport are among the prominent ones that are Ihb than ono hour's ride from the metropolis. Valley Stream, on this division, is a railroad junction, being a connecting point for the Kockaways and the ocean front generally. Dr. J.

J. Strohmeyer of Manhattan is building a fine type of suburban home ot Valley Stream, while another good type of an all-year residence is being erected there by Thomas K. t'onklln of Brooklyn Kockvllel Centre has during the last year set a pace for other Long Island communities. It has witnessed the Influx of many new residents, and It Is having a substantial house-bulldlng movement. A new brick and limestone office and store building, io by luo feet in size, Is about to be erected at the cor.

ner of Merrick Road and Village Avenue bv George Vandeveer. This Is the section of Rockville Centre-Its southern part that In In the throes of growth. The best available home alien in the place are there. A short distance' from tlie new office building corner are Windsor Terrace and Marion Park, two extensive home colonies that nre penetrated by tho Road. Lota then sell for from upward, and the typo of improvements are detached dwellings, ranging in cost from to Discussing the real estate situation on Long Island, D.

Maujer McLaughlin President of the Windsor Land and Improvement Company, said: "Since the opening of the Pennsylvania tunnel last September, there Is no doubt In the home-seekers' minds that I.ong Island Is linked to Manhattan In a manner that makes the Island a logical suburban homo centre that is reached along the lines of least resistance. The circumstance has convinced the public that prices of Long Island real estate must necessarily enhance, and it has bad a great deal to do with the unusual activity throughout Nassau f'ounty during the Winter "The trolley road of th Long 'island Traction Company, through the south stde to Rockville Centre ami created a community interest letween the various villages that has hastened building." Speaking of the outlook In the Borough of Queens. William R. Hughes, of t'ie Jackson Heights Building Company, said- I am confident that Queens BornuKh to see the greatest building boom in Its history during 1611. Iok at the report of the Queens Building Department for January.

It state, that permits were Issued amounting 1 1, This breaks all previous records for tlie same period and shows which way the wind is blowing. "But what Is most significant, nearlv all of these permits were for dwellings. Our company built a large number of houses last season at Elrnhurst. on ths Queensboro Corporation's Barclay-I)uro Tract, and so encouraging have been the sales of these houses, in many cases before completion, that we are gothg to continue operations hru on a more extended scale during present year. "Builders generally." 1 think, "are convinced that the time Is ripe for extensive onerations in this section of Queens.

Thousands are ready to locate here Just the moment that suitable housing ia provided, and In no other section of the city. does the demand for homes so greatly exceed tbe present supply. More than dwellings and tenements were erected in Ouens last vcr at a cost of over Present Indications are that double this number will he built during 1311 and I do not believe that even this increase will result in any-over supply." THIRD AVE. CO. BEGINS WORK.

Line to Cross Queensboro Bridge and Connect with Surface Actual work was commenced last week on the first physical connection between Queens Borough and Manhattan by a transit line, when workmen in the employ of the Third Avenue Railway began work at the corner of Third Avenue and Sixtieth Street, Manhattan, to extend a line from Third Avenue to 8econd Avenue, and there connect with the trolley track, on the north aide of the Queensboro Bridge. Direct connection with the Third Avenue tracks are to tie made at Third Avenue and Sixtieth Street. At Third Avenue and Fifty-ninth Street a connexion Is to be made with the Third Avenue and the trolley line now on Fifty-ninth Street. The Third Avenue Company proposes to run cars over Fifty-ninth Street, connecting with the tracks now on the south aide of the bridge, then continuing Ixng Island City to th Queensboro Bridge Plasa. and coming out as far as Jackson Avenue, and there looping to the south side of the plaza, and thence returning to Manhattan over tae tracks on tbe south side of the bridge.

When the line is In operation it will be possible to take a car at the loop near Jackson- Avenue and go to Third Avenue, in Manhattan, and there tranwfer to a part of the Third Avenue lines for a single five-cent fare. Philipse Manor. The new railroad station on the Phihpse Manor property was put Into service by tbe New York Central Railroad Company cn Monday of last week- All trains scheduled stop at Philip Manor now receive and discharge passengers at the new notion..