Daily News du lieu suivant : New York, New York • 425

You can't keep a good syndicator down 'doomed' for very long RIVATE REAL ESTATE syndicators, tax supposedly law, not only "doomed" appear under to be the very nex much alive, but they may, in some cases, be busier than ever. "I know we're looking at more properties in more markets nationwide than we have in a long time," states Clifton Harrison, chairman of the Board of Harrison Freedom Associates, a Dallas-bused real estate investment banking firm and a private syndicator. Harrison, who is general partner of such New York properties as 680 Fifth 400 and 310 Madison 42 W. 48th St. and the Barbizon Hotel, admits that while the new tax law "has altered the strategy and direction" of the investment game, it hasn't changed its intensity.

"If anything, it's made us more active and aggressive in seeking out suitable real estate investment around the country," he says. "The big differences has not been in the hunt, but in the type of game we're now hunting." The real estate executive whose syndication expertise has helped produce a billion-dollar portfolio that includes not only the aforementioned Manhattan buildings but such holdings as the Stamford Sheraton Hotel in Connecticut, the Brazilian Court Resolution to preserve Francis Greenburger and Philip Pilevsky, sponsors of conversions at Tudor City, and the Trust for Public Land recently announced that a resolution has been reached to insure the permanent preservation of Tudor City's parks and that a local board of directors was elected on April 29 to manage the parks. The two parks, situated between 42d St. and Second were the subject of a major open-space controversy which began more than 15 years ago and involved more than eight years of litigation by Tudor City tenants. In a complicated transaction, the parks, valued in excess of $40 million, were first donated to the Trust for Public Land (TPL), a national land-conservation organization.

TPL extinguished all development rights Hotel in Palm Beach, the Fountain Square office building in Cincinnati and the Virgin Isle Hotel in St. Thomas says that while he is still looking for properties whose values can be significantly increased, it's now essential that they also have a strong cash flow right at the outset. "Since this requirement eliminates a lot of properties that would have previously been considered, we've compensated for this loss by significantly expanding our marketplace," says Harrison, who notes that his firm is actively looking for real estate acquisitions today not only in New York, but in Boston, Washington, D.C., Southern California and many other sectors of the United States. And while acknowledging that the new tax law has caused a realignment in some real estate values, he also believes it has forced real estate investment firms to look for other avenues of opportunity and that, as a result, it has triggered a wave of creativity and expansion within the real estate marketplace. His company, for example, is now aggressively seeking out institutional joint ventures, creating debt equity offerings through traditional Wall Street firms, and working closely with mutual funds in the creation of no-load limited partnerships.

Tudor City parks and then transferred title to a newly formed nonprofit organization, Tudor City Greens Inc. The long and stormy debate over the parks' ultimate use began in 1972, when Tudor City was purchased by Helmsley-Spear which had plans to develop two apartment towers over the parks. Public opposition to the proposed housing development soon erupted, attracting the attention of city officials. In an attempt to resolve the conflict, the City Planning Commission and Board of Estimate adopted a plan to create a special zoning district restricting park use to recreational purposes. The plan proposed to compensate Helmsley by transferring the development rights from the parks to other parcels in midtown Manhattan.

TPL extinguished all development rights parcels in midtown Manhattan. MORTGAGE WATCH This is a survey developed by Electronic Realty Associates that represents financing and mortgage rates from 14 major cities. It is conducted by ERA Real Estate to guage trends in mortgage rates across the country for the week of May 5, 1987. 30 year fixed 15 year fixed 1 year ARM City Rate Points Rate Points Rate Points Cap Atlanta 10.26% 1.97 9.92% 1.77 7.46% 1.65 Boston 10.61% 1.59 10.32% 1.57 8.09% 1.54 Chicago 10.36% 1.87 10.03% 1.82 7.52% 1.83 Dallas 10.34 1.44 10.06% 1.32 7.64% 1.58 Denver 10.1% 2.1 9.73% 1.71 7.53% 1.53 Detroit 10.72% 1.28 10.26% 1.22 7.58% 1.54 Kansas City 10.46% 1.18 10.11% 1.23 7.56% 1.06 Los Angeles 10.42% 1.49 10.15% 1.37 7.83% 1.54 Minneapolis 10.55% 1.05 10.27% 0.90 7.5% 1.5 New York 10.54% 1.69 10.18% 1.71 7.48% 1.83 Orlando 10.24% 1.68 9.93% 1.57 7.58% 1.61 San Francisco 10.57% 1.56 10.3% 1.41 7.45% 1.51 St. Louis 10.46% 1.18 10.11% 1.23 7.56% 1.06 Washington 10.34% 1.57 10.11% 1.47 7.78% 1.37 All cities 30-year 3.17 pts.

Apartments 2600 Unfurnished Apts. Brooklyn 2608 BELT PARKWAY (JFK VIC) (Across from Starret City) STUDIOS 1 2. 3 BR APTS NOW TAKING APPLICATIONS FOR FUTURE OCCUPANCY RENTS FROM $336 TO $710 All Gas Apts Elec with Included in Rent Terraces Off Street Parking Security on Premises Full Maintenance Staff Proof of Income Required FAIRFIELD TOWERS 1019 Ave, Apt 2-L Brooklyn, N.Y. 11207 (718) 272-3399 Monday Saturday 9-5 P.M. "Equal Housing Opportunity Under Supervision of DHCR" BUSHWICK 2 rms entrnc, kitch bth.

Rent for only $450 5 rms, spacious new kitch, freshly painted! Rent for only $625 Both on good block, convenient to transp. Call Doris (agt) 469-8900 BUSHWICK 5 rm 3 rm apts for rent, $650 per mo. $400 per mo. Call: (212)929-3214. Pk Studios, rms, rms, 2 rms.

Call before 3 PM 718-646-0140 CYPRESS HILLS-Highland Blvd Recently, BEDRMS renov fr elev $525 bidg Must see! Call 718-647-8383 EAST FLATB. 1 bdrms apt, adults pref'd. nr no R.E. fee. Call (718) 495-0452 owner KENSINGTON 1 block from Ocean P'way, 5 rms, 2nd fI, near train shopping Call after 7pm 718-693-5931 Park Slope 6 rms avail immediately good condition near everything 718-230-4057.

718-783-8329. after 3 PARK SLOPE 3 bedrms. Lg. EIK, Pvt Drvy, Available immediately. $800.

718-965-3560 PARK SLOPE Brownstone 2BR apt. newly renovated, top floor, skylights. tree lined block, only $800 ADVOCATE RE PROSPECT LEFFERTS GARDENS (Sterling, Street). New 2 beautifully decorated kitchen bath. blocks to Prospect Express Stop.

$900 Monthly. AGENT 718-778-8282 SHEEPSHEAD BAY 6 rms, entire fir, 3 brs, bth balcony. Hf incl. Conv to all. No fee.

$750. Call: (212)517-4537. SHEEPSHEAD BAY-E. 26 St. By owner, 3 BR, luxury, neg.

212-330-1526 days, 718-769-2943 eves. Unfurnished Apts. Queens 2610 ARVERN ALL AREAS Studio, 1, 2, 3 bdrms. Reasonable prices. Bkr.

CORONA HGHTS NO FEE Oak $675 Basement apt $600 All utilities included, also laundry rm BY OWNER 718-428-7045 FAR ROCKAWAY Don't knock your self out! We have spaceious, lux, 1 2 BDRM apt, off MICHAEL BRADY R.E. 718-327-3140 FLUSHING: 1 $750 2 carpeted $800 basement $625 All utilities also laundry room. Walk to 7 train. Owner 718-428-7045 Jamaica Estates No Fee In luxury hirise.3½ rm apt, 10th fir, utils.d/w,24 Hr drman, Olymp pool, hith club, 1 bik LAURELTON 3 bdrm apt, nwly decorated, nr shops transportaf. Chef Realty (718)526-5171 LITTLE NECK Modern 2 bedroom apt.

carpet. Dishwasher. Air Cond. Driveway. Business couple pref'd.

No pets. Occupancy June 1. Call Owner (718): 631-8856. QUEENS VLG The Regency 212-29 Hillside Ave, Large Shape Studios from $539. Will show May 9, or call for appt.

Brk 718-353-7700 WHITESTONE New 3 baths, central dishwasher, carpet. near all, $950. 718-461-4690 WOODHAVEN Near Atlantic Av. Mod 6 rm apt. $700.

Work coup pref. REALTY 718-523-2781, 523-0621. Unfurnished Apts. New Jersey 2636 IRVINGTON, NJ PARKWAY APTS PARK-LIKE ATMOSPHERE Cable TV, Free off street pkg Studio Start $310 Bdrm Start $450 Bd DELUXE Start $480 2 BEDRMS. Start $550 all utilities except elec.

Conv to trans. NO FEE 1-201-374-4000, 9-4pm Mon-Fri. Apts. To Share 2643 CLINTON HILL FEMALE TO SHARE WITH SAME. OWN BEDROOM.

$350 Mo. 212-354-5510 Days. Co-Ops Condos 2900 Bronx 2902 PARKCHESTER, U.S.A. Condos For Sale, 1 Bdrm, 2 barms, Financing arranged. AGENT ARETHA (212)-892-7589 GERRY (212)-931-1588 SHAUN (212)-822-7378 MON-SAT.

10AM-4PM Brooklyn 2904 ALL AREAS CO-OPS. Studios from $35,000 up. 1 2. BRs avail. NO waiting lists, qualified buyers down.

We have keys: CAMEO REALTY 718-462-4500 BAY RIDGE-97th St, 4th ave, 4 rm x-bus to NYC. elevator bidg, maint $334 mo, asking $115,000, low down payment. JAMES 718-748-6600 2900 Brooklyn 2904 Real Estate 2400 Rooms 2600 Apartments 2900 Co-Ops Condos 2975 Mortgage Loans 3000 Houses For Sale 3400 Vacations Leisure Homes 3700 Apartment Houses 3800 Business Industrial Real Estate 4011 Professional Offices Rooms 2400 Furnished Rooms Brooklyn 2404 BAY RIDGE 6823 3 hotel, Ave. bth Lrg furn rm rehabilitated to share, single $295. 718-833-1005 STUY share kit.

6th $65 Wks Security. Working people. Gent prefd. 718-789-1578 BRIGHTON BEACH beautiful furn rm. free util.

Share bth. Close to frans, beach, shopping. Wkg fem pref. sec. Write to Mr.

and Mrs. Georges, P.O, Box 407 Madison Square Station, NYC 10159. Include references, home job phone CANARSIE Studio own bath kit. Spacious. Exc cond.

Working adults pref. No fee. 718-444-3203. EAST N.Y. single working femi prf.

$85 2 weeks Share kit bath. EAST Large furnished rm. working female pref. 718-342-9092 OCEAN PKWY VIC. Lge room, pyt Working single pref'd.

Nr. trans. Share 718-436-0920 RIDGEWOOD 2 rms. Near shopping Gentleman prid. Mature, Utilities incid.

bths. 718-451-0829 VANDER VEER Lovely room. Working female pref. Share kit bath. Call 718-252-1742.

Furnished Rooms Staten Island 2405 WEST BRIGHTON. Private house. Clean, quiet, secure. Reasonable rate. Working Gent pref'd.

Near Ferry Call Furnished Rooms Queens 2406 JAMAICA, ESTATES Furn rms, share bth for single or cple, per wk Nr shop transit 718-468-7589. JAMAICA, YMCA Men pref'd 89-25 Blvd. Near trans, maid gym pool avail. Special rate for students working people. 718-739-6600 Unfurnished Rooms 2411 E.

FLATBUSH 2 large unfurn. rms, working people preferred, near train, near shopping. 718-941-2142 Apartments 2600 Unfurnished Apts. Bronx 2604 THROGS NECK 1 bedroom For 1 or 2 people. By owner 212-823-8307 914-628-0422 Furnished Apts.

Brooklyn 2607 BENSONHURST. Completely furnd mod 2 rm stu, EIK, sofa. Full bth, inc all, nr all. 373-9251 or 373-6240. BROOKLYN-1 Rm to rent in Ige furn apt, female only, no children, call after 9:00 PM, 718-282-6295 CLINTON HILL 1 Irg BR, Irg LR, bth.

Refs req'd. Call 718-857-9433 Unfurnished Apts. Brooklyn 2608 14TH CHURCH AVE 2 BR $650; Comp. renovated. Many more.

No Fee. Mary 718-768-0099 ATLANTIC AVE Dwntwn. 4 room walk-thru, $750. Convenient to all trans. Call eves wknds.

718-625-2206 AVE A-Z HOLIDAY SPECIALS Studio Bklyn Coll, elev $500 rms Ave lux bidg rms E. 27 St, "ALL NEW $600 rms DRMAN, 2 bths $750 rms E.26 St, PVT house $800 rms E. 17 St, 2 bths $850 NO rms rms Ave E. 305, 1 2 fare bths $1,000 $700 Open All Call Today! DWORK KORN 253-7300 3003 AVE AVENUE E. 38th St.

3 rm studio, included. $475. HENRYS R.E. 718-853-5133 BENSONHURST 6 Above store. $550 5 1st Fir.

Porch, Nr. Train $600 5 12 yr old hse, Split $700 6 Custom built $750. BASILE 449-0505 BEVERLY RD-3BRS, 6 rms, childrn welcm. Must $800flex AVE entire house for rent, 3BRs, carpetg, new bths, bkyrd, heat included $1100 E.205-3 rms. Patti or Eddie 718-253-6576 FILLMORE 1856 Flatbush Ave BAY RIDGE-75Th St Ridge Bivarm new view of bridge, 1 yr FREE MAINT $135,000 JOHN MAGUIRE R.E.

836-4330 718 M-A-G-U-'NE BAY RIDGE-72nd St Colonial spac rms. mod eat new windows, lo maint, many extraor $99,000. Call owner 238-2816 or 836-4511. NEVER BEEN ENVIED IN! High 80's BAYRIDGE I BR Co-op. Nr all.

Open terrace. Direct from bidr. Offering by prospectus only. $125,000. Low, low maint.

718-238-4253. BENSONHURST NEW LUXURY CONDO Beautiful 4 New carpeting. New kitchen. Terr. Mt only $60 monthly.

Price is $200,000. EXCLUSIVE WITH: A.M. Realty 375-4000 An Equal Opportunity Broker BROOKLYN COLLEGE VIC 2BR, lux elev bidg, 24hr drmn. and Quiet! Near shops trans. ern eat in kitchen, ceramic bih, rage $80,000 TE Century 21 Brooktyn Heights Vicinity CLINTON HILL 185 Clinton Ave CLINTON HILL CO-OPS 718-376-9300 718-646-6100 Act now while great co-ops at Clinton Hill are still available.

Come in see why people are rushing to buy. Can you afford to wait any longer? Here's lust a hint of what you can expect. VERY SPACIOUS, NEWLY RENO'D 1-2-3-BDRM CO OPS. LANDMARK NEIGHBORHOOD. LINED STREETS.

NEW KITS FRIDGES. SELF CLEANING OVENS, DESIGNCABINETS SPACIOUS PANTRIES. THERMOPANE WINDOWS, HARDWOOD FLOORS, LOTS OF CLOSETS 24-HR SECURITY. MAINT INCLUDES ALL UTILITIES. CONVENIENT TRANSPORTATION.

NO BOARD APPROVAL NECESSARY! 1-Bdrms fr: $72,500 Jr 2-Bdrms fr: $75.000 2-Bdrms alc fr: $110,000 3-Barms fr: $110,000 Closed Sunday, May 10th Mon- Thurs Sat 12-6 Sales Office: 185 Clinton Ave 718-935-1004 TIME EQUITIES, INC. 212-206-6044 See Offering Plan Full Terms CROWN HEIGHTS 3 lg. rms. $35K LO Maint. Nr.

Everything. Gayles Realty 718-284-6090 FLATBUSH: Super 2 BR, Ige LR, ElK, Ige closets, great view. Near all transportation $85K HALMIKE 718-527 Kings 3626 Kings Hwy ONLY $6,680 Down Payment) Buys A Large 1 Bedroom 3626 KINGS HIGHWAY CO-OPS Convenient to Kings Highway Flatbush shopping, transp, schools much more. 3 blocks from Flatbush Avea in lovely residential neighborhod. COME SEE 3 LARGE, SUNNY, NEWLY RENO'D 1-BDRM COOPS vie eat-in kitchens.

dishwasher new wood cabinets. Beautiful hardwood floors, Large closets are everywhere. Stylish deco lobby. Canopied bidg entry. Immediate occupancy is available.

CO-OPS DIRECT FROM SPONSOR No Board Approval Necessary From $66,800 Maint: $292.01 Sales Office: Apartment Hours: Closed Sunday, May 10th Wed Sat 12-3 TIME EQUITIES, 212-206-6044 Offering Plan for Full Terms MIDWOOD NEW LISTING! very brife large rooms. $344. Asking $92,000. Ask for Kam GRAND BAY R.E. 718-232-5565 CO-OP BARGAINS OCEAN PKWAY lg immac rms, new dining kit rm, well bth, kept carpeting, bldg, Walk mirrored Owner very anxious Low 80's Ave Ocean Pkway rms totally renovated, absolute mint cond, To many extras to mentio.

Really worth the price. Must mid $80'S HOFMAN REALTY 718-332-4000 OCEAN Pkwy rms, mod kit bth, maint $359, Owner anxious $84,500 CALL AGENT 718-743-8000 OCEAN PKWAY VIC. 3 large modern rooms on excellent block near Ocean Parkway Vic Ave 3 ADVOCATE R.E. 718-633-6701 transportation. Only $7000 down ATIVO WHERE DO YOU FIND LARGE (Only AFFORDABLE $6,374 Buys Down a APARTMENTS? Large.

Payment? 'SMEN 2400 East 3rd firs. Lobby reno' in progress. ConveNewly renovated 2 bdrm apts with VISIT OUR DECORATED MODELS appics, thermopane windows, hrdwd Euro-styled kitchens baths, niently near IND BMT, shopping, restaurants. Gas Elec incl. AVAILABLE.

IMMEDIATE No Board OCCUPANCY Approval IS Necessary. Co-ops Direct From Sponsor. 1-Bdrms from $63,744 8 2-Bdrms from $78,120 Office- Apartment 311 Sat Closed 12-5: Sunday, Thurs May 10th 2861 For information: 718-336-6104 Time Equities, 212-206-6044 See Offering Plan for Full Terms PROSPECT PK SOUTH GREAT 4 RM DUPLEX IN DOORMAN BLDG Low Maint $366 only $95,000 KINGS HIGHWAY REALTY.