Daily News from New York, New York • 517

VYING WITH GOODIES FROM PAGE ONE Casflefon Castle Condominiums CO HAS A THANKSGIVING GIFT FOR YOU: oversize video screens, VCRs and other such equipment, he said. Select one of our magnificent apartments between Nov. 1-30 and WE'LL PAY YOUR MORTGAGE FOR THE NEXT 2 MONTHS 2' copiers and conferencing facilities, we also offer a chil-dren's nursery, maid and limousive service, too." The Click Organization, which built the Promenade also designed and built the Horizon at 415 E. 37th St. The 44-story Horizon, which has a jogging track, weight and aerobic rooms, Jacuzzis and massage facilities, offers a special amenity for photography buffs as well a darkroom.

J.I. Sopher, marketing agent for the Executive Plaza, credited the usual and unusual amenities for the strong sales figures chalked up so far at EP. In addition to a $7 million health club, the Executive Plaza, at 150 W. 51st offers valet, secretarial. Telex, air shuttle and gourmet room' service.

"We had to have four-star amenities because we're located near the Carlyle, the Pierre and Essex House," Sopher said. "A natural hook for the young professional," is how one industry observer described such amenities. The Metropolitan Tower on W. 57th St. was designed largely as ajclub condo to cater to the needs of busy execs and others who travel often and require professional-style amenities, Burnett said.

"At the Metropolitan," we wound up with hotel-like features including catering services (for meeting with and entertaining clients); business services (photocopying, telecopying, stock quotes, call forwarding), and the traditional luxury extras like pool, sauna and exercise room," he explained. Said a spokesman for the Promenade, a 37-story tower at 530 E. 76th "While we've added an executive center with computers. ai Tlijullii How equitable a loan is it? lit CO DC I 3 CO CO HI tions specified in the tax law signed recently by President Reagan, the homeowner can spend the borrowed money for any purpose and use the interest paid on the loan as a tax deduction. However, money spent in excess of a threshold set by the law must go for home improvements or educational or medical expenses in order to be deductible.

One consumer watchdog that came down hard on the equity-loan concept is Consumers Union, publisher of Consumer Reports magazine. In its November issue, the magazine analyzes the home-equity concept in an article headed by these attention-catching words: "Should you hock your home? Considering a home-equity loan? The lender may be putting a ticking time bomb in your wallet." Knlght-Ridder Home-equity loans, which allow homeowners to borrow against the equity they have built up in their homes, are creating the biggest stir among lenders since adjustable-rate mortgages, but not everyone is cheering. Some analysts are downright caustic about the loans, which were given an indirect boost by the new federal tax law. Under the new law, home-equity loans provide borrowers with a way to continue using interest payments as a tax deduction even though the interest would not be deductible if paid on a conventional loan such as an auto or personal loan. Typically, a homeowner can borrow 7580 of his or her equity in a home (equity is the market value of the home less the amount of outstanding mortgage debt).

Within limita- I low Monthly maintenance is all you pay with this program 5118.82month with tax abatement for an ultra-modern studio with microwave, frost-free refrigerator, high ceilings, imported doors, tall windows, and more. Projected monthly maintenance with tax abatement for two bedroom penthouses with dazzling views only 'J'J Choice of studios, bedrooms, and penthouses in hiqh, mid-rise a nd townhouse apts. Prices start at S93.030. for a studio. A penthouse can be yours for $226,307.

Amenities include on-site parking, 24-hour security etna concierge, oucaoor poo ana tennis court, exercise room, a park-like 7-acre site surrounded by fieldstone walls and wrought iron fences, with i direct access to Manhattan just 30 minutes from downtown. i YOUR ALTERNATIVE TO THE HIGH COST OF HOUSING IN NYC. We're prepared to compare our amenities style of living to Park Slope, Greenwich Village, Soho other neighborhoods. Come See For Yourself! Furnished model apts. and sales office open 110 am to 8 pm daily; Sat.

and Sun. 10 am to 8 pm. -'N We'll also assist you to find the best mortgage plan at the lowest rates? I custom-tailored to your needs and help simplify the mortgage process, i mm mm i 1 1 a 1 I $24,990 Chalet Ranch Homes ON rOW LOT OR OURS P0C0N0S ALSO FEATURING RUSTIC INSULATED GLACIER LOG HOMES! For information, call NYMJ: 1400-441-7185 PA: 1-7174294023 BIRCHES MODEL HOMES DIRECTIONS: Rte 80 into Pa. Continue to exit 45 Tannersviiie. Left on Rte 715 So.

6 miles to McMichae's. Bear rt at fork into Sugar Hollow Pd. Continue l't miles to fork rd. straight UD hill (State Rd) iv miles to Rte 115. Office diagonally across highway.

Obtain Public Report from VACATION RENTALS Exclusive MarketingSales Agent: ERA BEN FRANKLIN REALTY tinanang arranged by BEN FRANKLIN CAPITAL CO. To a maximum of S8.196. Other restrictions will apply. Call for details. Offering by prospectus only.

Prices subject to change without notice. City fiving In a country smart move for 1 1 1 1 singles, coupfes and families Is to Casl lef on Castle Condominiums POCONOS Foreclosure properties for Sola by Owner. Pvt Lake Community All Vi Acre lots within 600 ft of Icks. CALL PHIL ROURA and TOM POSTER Exciting up-to-the-minute top personality reports. In NYS 1-600-472-9372 Outside NYS 1-800-372-7297 l' i i ,1.