The Brooklyn Daily Eagle from Brooklyn, New York • Page 37

THE BROOKLYN DAILY EAGLE. NEW YORK. SUNDAY. OCTOBER 18. 190S.

7 Jamaica and RldgeWOOd REAL ESTATE. REAL ESTATE. SEAL ESTATE. KEAL ESTATE. SEAL ESTATE.

I REAL ESTATE. By 'William P. Rae. ji ii i I Considering the financial condition that has prevailed during the last few months Brooklyn and Queens real estate has re WINERS SOUS ES "BUUjr-A-UTTLB BETTER- THAN-NEED-BE i i 1 mained remarkably steady, and there has, at all times, been a ready market (or desirable properties along the lines ot rapid transit development. The advantages of rapid transit already obtained and the many Improvements under construction insure to Brooklyn and Queens a steady and rapid growth that will not bo equaled by any other localities.

This means that values must steadily Increase as ON THE WATER A li'T sections are built up. and their advantages over New Jersey and the Bronx are practically demonstrated. la the Ridgewood section and the Jamaica section, both within the five-cent fare zone to Manhattan, there has been steady market, and values have Increased notwithstanding financial conditions. This is but natural In view of the fact that both sections are within twenty-five minutes of the business sections of Manhattan. The William P.

Rae Company placed In the market this spring a tract of 300 lots at Jamaica and known as section "HlllcreBt of Jamaica." The tract was practically sold out inside of two months, and it was necessary to open section of the property, containing EVER HAVE A HOBBY We have It's building good houses. It's got to be a "hobby" with us, and as it is with all hobbles, we pay particular at A HOME ON THE SHORE FRONT in the Most Beautiful Residence Park on Long Island Sound. IN NEW YORK CITY-Less Than 10 Miles from City Hall. Every City Convenience and Improvement. Malba is situated on the high tip end of the Whitestone peninsula, easily and quickly reached by train, automobile, steamer or private yacht.

Now is the time to build, while material is cheap and before the new Pennsylvania tunnels bring crowds of investors. tention to It. We olfer to desirable people (only) houses that are more modern and conveniently laid out than any houses of their kind in (ireater New York. They are 2-story and basement 2-famlly private houses, and tho style, lay-out and finish are bound to uppeal to you. They are nearer to New York City Hall in miles and minutes than Hronx properties, and more reasonable by thousands of dollars.

Each house contains 12 Rooms, 2 enameled Bathrooms, 3 Toilets, Medicine and Kitchen Cabinets, Dumbwaiters, Buffets, China Closets, also plenty of closets. The selection of mantels Is the handsomest ever placed In houses of this type in any vicinity. Tho fronts aro built of butf-colored glazed brick and will always look clean. Another feature Is that they contain two of the prettiest Dutch Dining Rooms you ever saw cozy, you know, and homelike. These houses were built during the summer, and everything Is thoroughly dried.

Every Improvement in the street (Including asphalt) Is paid for In full. Lot full size. 20x100.2. $1,500 cash secures one. Liberal terms.

Call and seo them. MUNROE STINER BUILDERS OWNERS, ON PREMISES, OFFICES 1 cn8 j1 cVe" Take 5th Ave. csr ta S3d St. Tel. 236 Bay Ridge.

Homes and Villa Sites oa Reasonable Terms. Waterfront, 60 Liberty Street. LIBERTY HEIGHTS. some ivi) additional lots, of which more than one-half are already sold and upon which several houses are nearing completion. The present population of Jamaica is lover 50,000 and the Queens Borough Building Department approved of 4,247 buildings last year.

A great deal might be said of the present and future possibilities and development of Jamaica. It is sufficient to say, however, that as Jamaica is of high and commanding location, within eight miles of the commercial center of Manhattan and about half that distance from the business center of Brooklyn, with transit at a five-cent fare now and with enormous additional transit facilities under way the development of Jamaica and its immediate surroundings will naturally progress, and thereby add largely to the value of the land -within a very short period. The Ridgewood section is another portion the greater city lying partly in Brooklyn and partly in Queens that is developing with amazing Just beyond the old Brooklyn city line, along Atlantic and Liberty avenues thd Long Island electric cars from Flatbush avenue and two trolley roads, making this region extremely easy to get to is one of the Greater New York's quickly coming developments. Some experts say that the upbuilding of this special piece of territory will be among the first to feel the approaching range of higher prices. Half a mile beyond where the Klnes ii rti i i i twi lis i hz: i -s ii js Ji; County "El" ends is a fine plateau.

It has' been given the name of Liberty Heights, and has been cleared, streets and avenues have been cut through, and gas and water put in. It is being placed on the market to appeal to the man of modest means, and yet anxious for refined surroundings. ra nvmri r-, IMP I tuiifiu feum uu.Qipasr lilQlIiif ill rfWSS hit" mm rapidity. It is now within twenty-five minutes of the Manhattan business centers via either the Brooklyn Bridge or Williamsburg Bridge, and as It is about four and one-half miles from these business centers the improvements now under way will undoubtedly reduce the time to Manhattan by more than half. The William P.

Rae Company sold at auction in this section last September a tract of about 160 lots located on Juniper avenue, near Grand Btreet, and al- ready some twenty houses have been erected and are occupied by the owners. On Decoration Day the company sold a tract of 325 lots, located on Metropolitan avenue, in the Ridgewood section, and many houses are now in course of erection on the property. Many of the buyers at these two sales have since resold their holdings and made handsome profits. This demonstrates the stability of real estate values In these and proves conclusively to us that after the olectlon great activity will prevail, and great increases In values will result therefrom. 1 BARGAIN-FLATBUSH-TWO FAMILY New 2 story and basement brick, 12 rooms, 2 tiled baths, parquet floor iu iliniug room elegant sideboard leaded glass closets and mantels hardwood cabinet trim must be seen to be appreciated.

One block from Smith DeKalb and Franklin nv. cars; close to Brighton subway, Newkirk nv. station. PRICE, TO SUIT. J.

J. SMITH, BUILDER, 323 WEBSTER AVE. Liberty Heights contains 1,600 lots, and its developers speak of it as the largest operation this side of Jamaica. Bastress, Vought Co. are its developers, and they have many fine houses now on the property.

The new tunnels and bridges, approaching completion, mean one thing for this property, that the story of Brownsville is to be repeated. It was the opening of the Williamsburg Bridge, making new highways of traffic and new possibilities of transit, that turned farm lands Into a populous city almost overnight, and raised values beyond any one's expectations. Every circumstance favors the speedy building up of this great territory to the east of Brownsville and East New York. Even now it is but twenty-five minutes distant from the New York City Hall, better than Harlem, for it is but eight and a half miles distant from the metropolitan center, far preferable to the Bronx. Liberty Heights is to be built up largely of One family brick bouses.

A "real home," not a part of a house, but all oi one, is one of this development company chief ideas. It plans comfort for the man of small means, and offers him a chance for a home on his own terms. Most Beautiful Section of Flatbush. LINDEN BETWEEN BEDFORD AND ROGERS. Nos.

108 to 112. A few ti no Id of tIitMf choice oniplt two ntnry and Ihk(iii4mi Inn fnniily Iioiincmi nuHt perfect lionnen of their nlze in Brooklyn) location uiiNtirpuHNetif every convenience ami improvement tliut nn iiji-to-dute houMe houll have. PRICES LOW AND TERMS MADE EASY. J.H. DOHERTY Owners Builders Inn'nnii wiMiinnniiriiriiT phb I ON PREMISES, OR OFFICE, 286 FLATBUSH AVENUE.

idkuum. MrnuvtntR iu. i and speculators, and it also brings about a serious condition in the mortgage market, because where mortgages aro becoming duo it is almost impossible in READY NOW. PRICE $3,600. TERlV By Normal Land Company.

One of the biggest developments at Jamaica has been accomplished by the Normal Land Company. Prospect Hill lies north of Fulton street, about five blocks. Prospect Hill was a treasured spot to the village folk who resented the appearance of the developer. The march of progress could not be stopped, however, and Prospect Hill has been transformed into fine homesite3. For one year the Norrqal Land Company worked a large 60 ton steam shovel, whose capacity was 1,600 cubic yards of dirt per day.

This dirt was distributed over the hill in the low RANCK REALTY COMPANY. Developers of Many Suburban Prop-, erties in Flatbush and Other Sections. CHOICEST BUILDING SITES ON THE PROSPECT PARK SLOPE, Also CANAL AND BASINS, PLOTS IN SIZE TO SUIT FOR SALE OR TO LET. INCREASED FACILITIES FOR HANDLING Building Materials, Coal and Oil. APPLY AT OFFICE, Among the larger realty companies operating In Brooklyn and on Long is the J.

D. Ranck Realty Company. to replace them on any such basis as they were originally created. Property bought in 1905 and 1006 was bought largely on a margin, the owners taking back first and second purchase money mortgages, but values seemed to be rising so rapidly and the promise of increase in values on account of the unusual improvements so sure, that no arrangements for paying these mortgages at tholr expiration were made. The re-Bult is that many purchases made at that time have caused great embarrassment to the buyers; the real solidity of the market is demonstrated by the fact that there were so few foreclosures in any ot the boroughs, considering tho large amount of properly that Is subject to the conditions mentioned.

The retail lot business is also in a very healthy condition, although tho months of July and August were less active than expected. Considering the immense amount of farm laud that has been turned into lots, it is wonderful that there have been no failures of land companies in these stagnant times. There is no doubt that when the political situation is cleared up, and the financial Institutions become less conser This company was organized by its president, J. D. Ranck, a prominent business man, formerly of Lancaster County.

about three years ago. THIRD AVE. and THIRD ST. Mr. Ranck is among the prominent and successful developers of Flatbush and adjacent properties, and has devoted much time 'and energy to the Improvement of this beautiful home section.

It is said a man is best Judged by hiB neighbors, and it is no particular socret that these neighbors and friends from his native state, all of whom are (Taken from an net i ml pliot'tKcufjh.) RUSTIC BUNGALOW with acre of shaded land. You lifiVP bofn IwoltlNK ttlll! f'T a plui-e Hit! Mils', tirei-ftf hp, raH'iliHli in price, iir tiHtic nml ltli ph nty lam! In i muni ry, yot ih-mi- the city. At thf ft-aHlinrf, v-t tn Mi-'li, -ha-ly Krraiiil. A piaff wri-p- yni can ft- tn Hii'1 dill ci'inft-rtJitily, wflh an -xprfs Hlaliofi ti-li ml tun v.alk mvity. II lt f'ir oiciipaiicy now.

ainl tir i hi rul in ih VVhire ihr arc fi(m Hiniilitr jila'-i nwnt-d hy th- vt-ry nf Nv-w Ymk. nti'l I ii Jyrt pnpli-, y-t wh'Tf jour iitiii'-Hl iH'iKiin twn or i)ifi-' a' r'n siway. 'i'lit- LuriKal'ivv 1h nw, has fiiflit fiftnis, all f-nvcnlfiiii ruiintnK watiT. hr-nnl vit-ondaM, hiiKc riniKh stdiu' 1 ami hascmt'itt with A rt ljt tea II run-n'l'in-rcrl without, It Ik beautifully Ilnlhfj-l williut atl exitulslti-l tii'nlel-i In hiw raniNliiiK Ktyln of un-hll on a hlnh protnoiitory, it ijj miimlH a nuprh rircan ami woodlatal view, utiff aliuovt nt die door thii- Ih a aup'-rt. nnf, eloan bathing' beaeh.

t)to ht-st of hoa'lnff. nailliiic Had (is)iinK- A Kinall. ItiK'i f)(iH inn in the locality provide tetniln eoiirtx, Minriur a in fj i and efnl. 1 1 1 1 ie. An iiiftpkitlui of (IiIm proiirly itlll immi I mc uu thill nt- iinL- Ink prii-ii linrely 4 ih vnnt ttt oiim( rml tun.

vative, that the market will again oe- representative people, bankers, manufac come active. 1 no completion oi me transportation facilities between Queens, turers, merchants and agriculturists. places by six-car trains drawn by small locomotives, and notwithstanding over three hundred thousand yards of dirt was removed, not a yard of it left the hill. It was simply transferred from one part of the hill to another. There was also taken out of this hill over thirty thousand cubic yards of stone, which the Normal Land Company is crushing for street purposes.

Prospect Hill contained about sixty acres which has all been laid out In avenues and streets. The Jamaica Water Company are now installing the water pipe and the Gas and Electric Company of Queens County will install the lighting A complete sewer system is now in and Prospect Hill will soon bt dotted over with houses. James A. Du-gan of Jamaica has Just completed a house at the corner of Terrace and Alsop street; W. H.

Grant of Manhattan has broken ground for a house on tho corner of Ocean View avenue and Alsop Btreet; George W. Fowles is erecting a house on the southwest corner of Ocean View avenue and Alsop street; James T. Cooley and William O. Gantz will construct homes on Ocean View avenue. Far Rockaway By Andrew McTighe.

Far Rockaway, unique in its geographical location, a peninsula of high land i I nave intrusted to Mr. Ranck keen Urooklyn and Manhattan wilt work won nearly $1,000,000. instructing him to take their money to Brooklyn and invest it for it, htftm iflSiy them. While being interested in and controlling properties elsewhere. Mr mm ders.

Lots will before long be selling, more particularly in Queens Borough, at tho price at which acreage is now available. The center of population will be changed and the masses will turn eastward instead of northward. Values will then become more equalized, which will make Queens Borough suctions the center of activity. I lit 1' Ranck's chief activity has been along the line of Gravesend avenue and Ocean Parkway, in Flatbush. In this section he Is connected with a number of building operations that have under construction a wide variety of designs in modern bne CURTIS SMITH, 42 ItroaJwav, N.

Y. City. Telephone 469 HroaJ. All these conditions have been pre .7 dicted for some time past, but tne His and two family detached and semi-detached dwellings, as wel as business prop erty and apartments, there being ap tory of all such movements teaches us that promised Improvements do not have thi! same effect as flDlshcd improvements. The realization of the loug-Iooked-for change Is not far distant.

B223ES3EH proximately 150 buildings in course of erection on the various properties. Mr. Ranck has used both care and J.D. RANCK REALTY CO. judgment in the selection of his pron erties, it having been his policy to con fine his operations within the five-cent fare limit, close to excellent transit ice, thus assuring larger and more tain returns on the Investments made.

Best Business Section of Fifth FIFTH BETWEEN 59TH AND 60TH STS. ALL RENTED. Entire block, 8 houses, 4-story double flats; built in conformity with the latest building and tenement house regulations; beautiful houses; 5 rooms and bath in each apartment; each house rented for S2.256. PRICE, $22,000 TERMS TO SUIT. CASPAR IB Owner and Builder, Residence 526 Fifty-sixth St.

1 The recent sales of the J. D. Ranck Company tend to verify the wisdom of such a course, the company having made sales in the Gravesend section aggre gating $67,200 to individual home buyers comprising with 1 Us boundary one and ono-half miles square, with Jamaica Bay to the north and west and the Atlantic Ocean for Its south boundary and rising from thirty- to forty feet above sea level is tha only section of combined country and seashore property within Greater New York and. th only upland west of the Himptons fronting directly on tli-3 ocean. This feature alone should add a value to this limited is and builders for Immediate improvement in the last week or so, one noteworthy Telephone 6850 Main.

333 JAY STREET. Owners and Developers of SUBURBAN REAL ESTATE Attractive terms to builders on desirable lots ready for improvement. We have a larjje list of desirable homes, both one and two-family brick and one and two-family frame, ranging in price from $3,000 to $3,000, oa very liberal terms. $3,000 buys 5 room semi-detached dwelling. IHasy terms.

SEA CLIFF. sale being that of a residence on East By Eugene V. Brewster. Tho real estate prospects for are, In my Judgment, better than ever. All of the Second slreet to George Murch.

presi Club, a local corporation, for a term of ten years, following which was erected a handsome and up-to-date bnthlng pavilion, costing in the neighborhood of $10,000 and having about -UO rooms. To make this improvement the Sea Cliff Club, which is an incorporated body, issued stock, the bulk of which was takeu up by residents, and which has from the start been a paying venture. dent of the Meyers-Rogers Projectile Company, of Seattle. Wash. QUEENS COURT.

By J. Meade Briggs, President By Or. Griffith Chaplain. Enough purchases have been made al Sea Cliff to say that the past year huB beer, very satisfactory. With few exceptions all the cottages for rent last spring were leased and at very fair prices.

Many of those who rented have been so well pleased that they have purchased, either plots of ground on which to build or plots on which houses were already built. During the year sev (area tnat tnose un- if t.J. -i i f. conditions and improvements which brought about t.he boom of a few year ago arc still present, and many of the improvements still uncompleted. Tha depression tit hint fail and winter was Inevitable, fur the nation had been traveling at a tremendous mtlumiiiKU 11110 section should read $5,250 buys 11 room, 2 family brick.

$100 iIiwxjii rrnt. Present Market Outlook Queens Court Bealty Company. It Is apparent the average Manhattanite has no real conception of the healthful-ness and accessibility of tho great Borough of Queens as a place of homes. In By Ernestus Gulick. The unusually active market of lfiOG made such an impression on till real es eral new developments have been opened and several other developments ily appreciate.

This formation gives to this section the cool southerly breezes In summer and pro-tection from the cold northwesterly winds of winter. In consequence, and with the Improved service of the Long Island Railroad and subway, making it possible to travel to the heart of the greater city within thirty-five minutes at almost any hour, business men of I means are fast making this section their I iiacc. and a K'-nei are planned for the near future. I tate investors and owners that the in- As an indication of the rapidity with $5,800 buys a 9 room, detached, one family house. $500 down, balance quarterly.

$6,000 buys a 15 room, 2 family frame detached dwelling, 10 down, balance quarterly. WRIT LIST AM) IT'LL PARTICULARS. eviiable result obtained. Prl has a ust m'-nt of prices and values was necessary. came at just tin-right time, and prevented the mushroom growth which might have been, had the prosperity been which property In this section increases I in value, may be cited on instance where a half acre pin was sold within a few months of date of purchase at a profit o.

oermanent home. Within the past two just 100 per and an acre which hail the dawning of a new era which has taken place within the last two or three years, due to the anticipation of new avenues of transit and the effects of those more recently put in operation, especially the opening and operation of the Battery tunnel and electric service. The masses have not as yet realized the full effect whuch must follow the vast expenditures now being made by the Pennsylvania-Long Island Railroad and the operation of the network of electric transit covering the entire borough converging in the throbbing heart of the financial and business centers of Manhattan. Thousands of New Yorkers are still unacquainted with the possibilities this borough holds forth to them for homes, cost about was sold a few mourns after for about $4,000. Not only have 72E As ir is.

the growth the Fales been many and at good prices. but there has b'-en a very satisfactory- aii'J it fminf- has been slow but sun soar-'d so rapidly i hat purchasers became fewer. Many causes are aUribut'-d to the so- "dull market" -if the past months, i if nurse the flnan-conditions were principal cause. showing in the building line. Since the IO Hi- i -r- t.

-I a.nlv I. i i orrt 11 1 UKa in -sialc- ti'll. first of last January there have been built in Si-a Cliff and Thompson j'urk (j-it ii- iiaV'- iit-f'H 1. 'II II ih years the permanent population has increased 50 per and every cottage suitable for winter occupancy has been rented at an increase of from 25 to 40 per cent, above its former summer rental. The increase of population has doubled the value of business property and tho rental of its limited number of stores.

Many private sales of plots and improved dwelling properties have recently been made at excellent prices, and tht three recent auction sales, each differing from the other in the chararter of the property, one of beach property and ocean fronts, one of plots and dwellings, rear Jamaica Bay, and the other a partition sale of improved residential prop-irty in the central part of the town. ation is at-e now ilepression prosperous way. The Island is Th'- f-aornioiiH in- rc.is' 1" rtll the mure m-- ur-. We Just. r'overiiiK from the ami h- forni ii i of tunes now well under fiittipe of rtronklyn an-l Iaum etiitiL'ty brlyhi, aii't the tmw ot) ain will rerfaiiily no! -mall li'tl-lci.

of r- il hav. it. hi "II I'l pos an, thll fine, fill cr-aiillv li a over torty new ouii'imgri, nian iihiu-exceptionally fine residences, and there are many more planned or contracted for and to he started in th" near fulure. if 'I ii rally lowilnus tin- l'-ii'- Int. i tin.

a.iiniliiiikf nii'ii- uic- lutiire. and that cause has value tl Train service has been better this year and we find these masses ready and will than in other years, and there is every i promise that by next spring the facili '1 ing to listen and be enlightened, so that we believe more force and (uergetlc efforts should be exerted along the line of not ax yet been eliminated for th- that all the WiiM and trust r.tivr. b'-en ties fur travel will oe sun luriner improved, and good steamboat service at i education of the great musses, showing lirookl.vn will ci-i-ialnly r-i Iain's; hliar" of ihln not onlv Sale cf Busiiif-ss Coiner. iih natural a-lvani hk-h, lai- huh- Th(( rly vaiii'-i of real email- on llii. I I i nn i in a iiinl cf i.ircl on l)i Kail nf tlio HlVi-r art- a iianl timNv Th- moM his a of Mn-d.

iiin-n, iiiiii-1 ii- tn way I I on Hic-'l-iit of on will to lh-lr oii. ami he ay 8 liav- -r. i. I -ioty li't-nv Iniil-lini; l.y ii during tin- win'i-r 1 iimihim. urT.

Th- saiu just iiast. HaU th- r-j a m. f'r True, oirnr. he Hie rnlii'K vahieH xt y-ar. The loHliiK inoiiiliH oi an evetiifm year aiel Mi" (Tssailon nf tielvlli fwin tn a white hot 1'i'i'r- i'i' ii Ma 1 catiipHiKn will Jiold in ii (low in or' or fnr In- pi et.

bllt the 1 1 i .4 ill 1 are fje- ei l'dly itc Mori'-y jh t. ruin-in out oi it a U1 1 f.i; 1' iiee is bfiiiK i'U')re. i ii 'I all oi the rat and little capitalists, iuveturu, pruuiOicro a reasonable raie is guaranteed. have proved by the numerous bidders Imore clearly and precisely the benefits ad-lma ihi re One of The greatest, improvenieu i made 1 In Sea Cliff for some time past was th- I server of and leasing of the part of the shore front I except ''liquid owned by the village to the Sea Cliff ttricts the buying and excellent prices obtained, that the I and possibilities In Queens for home site3. values are stable, making an excellent Concerted action should be taken on the field for the homeseeker with every pros- part of all those interested In building pect of i vast increase on present values, land development.

ar-- illr.vill.r.g to loan si eiiriiy." This of i)it- il.