The Brooklyn Daily Eagle from Brooklyn, New York • Page 22

4. THE" BROOKLYN. DAILY EAGLE. NEW YORK. SATURDAY.

FEBRUARY 20. 1909. AY REAL ESTATE PAGE EAGLE'S SATURD Sixty-tjjird street, between Twentieth and Twent v-first avpnnoa hava hepn nnrehAned Nos. 148 and 150 Flatbush avenue, five-J houses cannot be made use of to advantage to become Income producing. But story uriCK Biurca uuu uhls, iuuu.ua for and are hold for the stock- through the block and Including the five-holders.

If, an investor should pay $10lstory brick buildings Nos. 607 and 609 a month for twenty-five months he would Pacific street. The entire property has SPRING OUTLOOK FOR REALTY IS ESPECIALLY PROMISING vey to Edward D. Alsdorf for $85,000, four lots at Far Rockaway, two at the intersection of Catherine street and Mott avenue, with a frontage of 50 feet on tbe former and 149 feet in depth; the other two with a frontage of 166 feet on the south side of Mott avenue and 80 feet east side of Catherine street. AT ST.

Mortgage Market Conditions, Building Activity and Demand for Houses All Point to Successful Season Real Estate Men Encouraged Taxpayers' Conference Enlarging Its Scope The Future of the Heights Region Considered Upbuilding of Rugby Section Going Forward Rapidly. with the subway, leading to the heart of the financial district direct, end tho bridges connecting with other parts of Manhattan, the advantages of the Heights for residence purposes will not be over looked and the growth of population there is sure." To Retain Residences. "I do not believe that the Heights will be given over entirely to boarding houses and apartment structures," said a prominent resident of that region to a representative of the Eagle. There are certain streets and portions of streets which will be wholly occupied by business and others where the large structures for the housing of great numbers of persons will fill up block after block. But certain residence streets will probably retain their present character; despite the changes in the region around them.

There is no finer or mora accessible place of residence for men engaged in business in the financial district of downtown Manhattan than Brooklyn Heights. Tbe building of private residences on the island of Manhattan has practically ceased. Last year there were only seventy houses for the occupancy of single families erected In that borough. If anyone would have a new home within convenient reach of downtown Manhattan, he can secure it here on the Heights and the cost of a site is not prohibitive. He will then be able to live in the most deBirable surroundings, convenient to means of transit to all places to which he may desire to go.

The subway facilities from the Borough Hall station give not only ready access to all downtown Manhattan, but also to the uptown centers and make it as easy as possible to reach the terminals of all the great railway lines. The saving of time is great, no matter where we want to go. "The Investment advantages in the Heights region are as great as can be found anywhere In the greater city. The fact that It Is only six minutes from the center of the financial district in Manhattan, which will remain unchanged, will Berve to draw to it an increasingly great number of residents, as facilities multiply for their comfortable bousing, i The relief from overcrowding on the Brooklyn Bridge, measurably effected by the opening of the subway, will be still greater when the new Manhattan Bridge is thrown open to use next year, and then the tide, which set in toward outlying rural regions where the bridge crush was greatest, will turn again to Brooklyn. I know of persons who went up in Westchester County and out in Connecticut, Just because they were tired of the- crowding on the bridge when It was necessary to change cars at the Brooklyn end in the rush hours.

But that evil is ended and the crossing of tne structure is now devoid of the difficulties which formerly attended it. "While It is too early to forecast the effect of the opening of the Manhattan Bridge, it is certain that there will be a great increase In tho value of property along the avenue of entrance to it. It Is a Dity that the new street win not be in readiness for use when the bridge is opened, for that would give an added impetus to tho movement for the utilization of the new facilities. Means should be provided for Its utilization to the fullest extent by trolley cars, elevated trains and subway trains as soon as the structure is ready for use and it should not OLD BUSH HOMESTEAD, 1816 FLATBUSH AV. be the holder of -fifty shares of stock.

ur. course, 11 ne makes tne tun number 01 payments, it is just the same as buying on the installment plan. But if it hap pens that at the end of a year he Is unable to continue payments he would not lose what he bad already Invested, but would be tbe owner of twenty-four shares of stock, fully paid up, which could be transferred to any one else without the delay of searching title. Tbe Plan proposes that after stock to the amount of J12.500 has been subscribed for In the Unit Purchasers' Realty Com pany No. 1, the temporary officers shall resign and the subscribers elect their own officers and directors.

The Mapleton region is reached by direct elevated communication from Manhattan, with three stations on the tract and about fifty dwellings have already been built there. It Is near schools and has im proved streets and parkways. If a sub scriber desires to build he can purchase a lot at any time from his company and can make arrangements through the Realty Trust for a building loan. APPRAISING CORPORATION Organization of Experts Formed Here. Officers Elected at First Annual Meeting of Stockholders Purposes of the Incorporators.

The incorporators of the Real Estate Appraising Corpora'tion, realizing the need of such corporate body, after con sulfation with officers of the leading Title companies of Brooklyn, bankers and at torneys, who gave encouragement to the idea submitted, felt that with such an organization of experts whose work would be conscientious, that the real es tate Interests of Brooklyn and Long Is land would be well served If they could offer to the general real estate public honest, efficient and standard work in this line. They incorporated the Real Estate Appraising Corporation under, the laws of the State of New York, chartered for the purpose of appraising real estate, and the first annual meeting of stockholders was held on February V1G at the temporary office of the corporation. 215 Montague street. The officers elected -for the first year are: C. C.

Mollenhauer, president; Alfred J. Eno, vice president; A. J. Dooher, secretary; William H. Friday, 'treasurer.

The directors are: Walter J. Smith, 515 Montague ttreet; Francis L. Maher, 25 Court street; A. J. Dooher, 215 Montague street; Leslie L.

Wright, Smith and Creamer streets; William H. Friday, 962 Halsey street; William Haem-mel, 7302 Third avenue; Herbert E. Wil- Hams, 813 Manhattan avenue; C. C. Mollenhauer, 147 Broadway; Alfred J.

Eno, Jamaica, L. John H. O'Rourke, 264 Thirty-ninth street; Joseph C. Taylor, 26 Court street; George J. Ryan, 44 Jackson avenue, Long Island City.

The executive committee is composed of Walter J. Smith, Francis L. Maher, John H. O'Rourke. Josenh C.

Tavlor. A. J. Dooher and C. C.

Mollenhauer. I It is the purpose of the corporation to give standard, clean-cut and honest appraisals of real estate (without regard to tbe purpose for which same is desired), which can be done much better by the combined participation of a body of practical real estate men and builders than by the individual efforts of any one single expert. The appraisal certificate of the corporation will be used only after consideration and approval by Its appraisal committee, composed of real estate and building experts. The foe charged will be according to schedule of rates fixed by its board of directors and will be moderate. The corporation will furnish appraisals and experts in condemnation, foreclosure, bankruptcy, lunacy and infancy proceedings, and Its fees will be, for such expert testimony, in addition to the cost of appraisal certificate, charged by time rate.

The corporation will furnish consultation experts to financial institutions, executors and others desiring such service, at a moderate charge. Its scope will be all sections in Brooklyn and Long Island, and, for the convenience of the general real estate public, in addition to regular management, the corporation will have the service of. a regular body of special appraisers, composed of practical real estate men of long experience, In the districts, whose work will, at all times, be under the supervision of and in connection with the management. MAGAW FARM SALES. TVood, Harmon Co.

report the sale to Jesse T. Hunter of the northwest corner of East Fourteenth street and Avenue a plot 40x100 for $6,760. This plot is in the Magaw farm tract and is one of the corners sot aside by Wood, Harmon Co. for business uses when this tract was placed on the market in December. Wood, Harmon Co.

have also sold a lot 20x100 to Mrs. Mary D. Fleece, on the south side of Avenue between East Thir teenth and East Fourteenth streets, for a lot 20x100 on the north side of Avenue between East Thirteenth and East Fourteenth streets, to Robert S. Scrivener, for $2,250. and the adjacent lot of the same size, for the same price, to Bert II.

Hopkins. Just south of this, on East Fnurteenth street, the Buckley Construction Com pany are now building six detached, two-family dwellings on land purchased. from Wood. Harmon Co. At the corner of East Fifteenth street and Avenue also In the Magaw farm, the Melntyrc Con struction Company is about to commence the construction of a block of four stores, with apartments above.

FAR ROCKAWAY PURCHASE. Herman Frankfort has purchased for a client from the Gem Realty Company 300 feet of their property on Reads lane, Far Rockaway. FLATBUSH AV. PROPERTY SOLD. An important sale of Flatbush avenue business property Is reported by C.

G. 1'alge, Broker. Ttiis is tne property known at the "Swift Buildings," being 40.6 feet frontage on each street. The purchaser Is a New York investor wno improve and modernize the entire property in the near future. COUNTRY PLACES RENTED.

Pease A Elliman of New York City have rented the following country places For Mrs. Hannah N. L. Sehrman ber place at Lawrenoe, L. known as "The Brae, to Osborn W.

Bright. For M. Keller, his place, situated on the corner of Holly wood Crossing and Mistletoe Way at Cedarhurst, L. to Herbert N. Rawlins.

For, Jarvls S. Hicks, bis bouse on the corner of Central avenue and Oak street at Woodmere, L. to Kenneth D. Rob inson. A PLEA FOR BROOKLYN.

Fnank Bailey Told Real Estate Brok ers to Deal Fairly by This Borough. Frank Bailey, vice president of the Title Guarantee and Trust Company, and president of the Realty Associates, had this to say about Brooklyn at tbe annual dinner of the New York Board of Real Estate Brokers this week: "I am from Brooklyn. A friend In New York asked me the other day if I did not think Hoboken was tbe worst place in the world in which to live. I told him I was committed to Brooklyn. I was committed to Brooklyn twenty-three years ago.

It was 23 for mine, and If I shall fail to entertain, amuse or Instruct you to-night, you must excuse me for what can you expect to learn from a man who has lived in Brooklyn twenty-three years? If there Is anything which I may say of interest, that thing I learned during my single year of residence in New York. My thoughts were then lofty fourth floor rear hall bedroom. Fourth avenue and Twentieth street. "Few of you know where Brooklyn Is. I will tell you.

It is bounded on tbe north by the East River, on thewest by the North River, on the south by Coney Island and on the east by Montauk Point. Its principal attractions are Henry Ward Beecher's statue, Greenwood and Brownsville. I group Brownsville and Greenwood, for both are dead." AftergivinK some samnles of alleged urooKiyn news, Mr. Bailey continued: This Is the kind of news you expect to hear from Brooklyn, but let me tell you, she 1b part of New York, part of you. We are accustomed to make fun of this great city of 1,400,000 people.

wnero tne increase of population is greater than with you. Every Injury to ner is an injury to you. "it tnere is any clear duty on the nart or tne citizens or New york. it is to spend the city money in order to keep us own population within Its own bor ders and paying taxes. There would be no trouble about the New York City tax rate, if years ago a broad and persistent policy had been adopted with reference to tne communications between the Bor oughs of Brooklyn and Manhattan.

One- half of the people dally taking the ferries ana tunnel to New Jersey would now be residents of Brooklyn and Queens, if New York had been at all wise. Don't begrudge the money necessary to develop Brooklyn, for sne is a member of the family her growth Is your growth, her improvement your improvement. If you are satisfied that New York shall receive only one-half of the taxation from its workers and business men, then turn your attention-and use your influence to exteld the transportation facilities into Westchester County and New Jersey- oppose the expenditure of any New York money in Brooklyn, and thereby injure yourselves. I believe In the Imperial citv New York, in hor future and Importance, in ner weaun ana nor mignt. Her growth must ana win go on.

Lavish exnendi ture may have shriveled her purse-strings dui sne is not Beaded for the bankrupt court. I want Brookyln to grow with ner, ana witn proper help we will aid, not retard. "Try and think of Brooklyn as yours. and perhaps you will then be more kind ly, in ten years, possibly five years. Brooklyn and Queens will outvote you.

If you shall not have dealt fairly with her then, way the majority rules." ooooooooooooocoooco6oooocS Brokera and others are Invited to end reports of sales effected for publication In this column, together with other Items of real estate news. These should be addressed to the Real Estate A'ewa Department. By Graves, Mertens Co. GRAVESENrji AV, 648; I story store property on lot 0x100, for the Macon Construction Co. 60TH ST, 2 lots, adjoining the comer ef 21st av.

WEST ST, from 52d to 53d st, for Louie Camera, a plot of 17 lots, to a builder for improvement. By E. T. Newman. FIRST ST, 474, near 8th av.

a 3 story and rjaaement di-ick ana scone one-ramlly dwelling, 20x60x100; hardwood trim, bevel glass storm doors, open plumbing, electric light; built about 7 years affo for Lillian Wadding-ham; to Dr. Percy Graham for about $16,000. The eame broker has leased 208 Garfield place for De Sela Mendez to Susan Conover for three years, also 896 6ixth av for L. S. Andrews to J.

H. Gooding for three years. Mr. Newman has leased for the Edison Electric Company the garage st 710 Carroll et, nr. 6th av, to a large automobile concern for five years at ItiOO per yar.

By the Mclntlre Realty Co. B. 12TH ST, s. 100 ft of Av J. 14 lots, for S.

C. Cary to a client for Immediate development; 3 lots on cor B. 16th st and Av 3 3 lots on cor E. 15th st and Av for Wood, Harmon A Co. to a client.

By John C. Giles, Jr. B. 37TH ST and BROOKLYN' AV, bet Paerde-gut av and Av Flntbush, 14 lots, for Joseph H. Balr of Boulder, to a client, who will Improve with moderate priced one-family detached houses.

By Frank L. Ferguson. DESMOND AV. Jamaica Hill, two lots to L. Blake.

PARK AV, Highland Park, one bouse and two lots to M. Hageman. PARK AV, Highland Park, one house and lot to L. Downer. LATHROP AV.

Jamaica HIM, to build a house for W. Welch, which he will occupy. By the John Pullman Real Estate Co. FIFTH AV. 217.

near Union st! a 5 story single store and flat. 20x100, for Henry C. Schalter to an Investor. By Richard R. Plum.

DECATUR ST. 280; a 3 story, basement brown stone, circular front, private dwelling, with conservatory extension. The original cost of f- CIA OOO By William P. Rae Company. HILLCREST OF J.XMAICA: Plot 40x100 on Van Sicklen st to Morgan; plot 40x100 on Aekruy av, between Van Sicklen st and Union av, to Winter.

By Flank L. FergUBon. JAMAICA HILL Two lots on Lathrop avenue to J. W. Cummings.

two lots on MaxwU avenue to John ill. -Mills, two lots on Maxwell avenue to A. D. Eldert. By A.

C. Haynes. CENTRAL AVENUE. Xos. 2S2.

284 5SS and 2W. Far Fockaway. feur stores and plot 7bx 140, for for Kaml C. Hess to A. W.

Connable of New York; also the same party, a pl'U. on the west side of James street, in reiW of above, for Eveline C. Alt-hause. for 115,000. BY C.

E. WILLIAMS REALTY CO. FLATBUSH MANOR: Three lots on Flat-lands av. 49 ft from cor 40th st, LII1ERTY HEK1HTS: Two lots on eVJhe-rar'li av. Si ft Liberty av; 1 lot on Thrail uv, 119 ft Liberty av; 1 lot on Sutter av.

fc ft itoyrt av; 2 lots on Dfllrymple av. 40 ft Jtlgelov av; 8 lots on Vnjen pi. ft Kerrynt; 2 lots on Vsjen pi. 109 ft w- Ferry st; 1 lot on Boyd av, 20S ft Sutter av. RAPID GROWTH OF QUEENS.

The Phenomenal Building Movement. Increase of Population. The effect of improvements for rin- creases in transportation facilities ufcon building operations' and property valuh8 is shown in the figures submitted this week by the tax commissioners and thS Queens' Bureau of Buildings. The ba-' ginning of the active movement toward Queens dates back to 1305, shortly after the completion of the piers of the Queensboro Bridge gave to real estate Investors and home seekers the' tangible evidence of direct communication between Manhattan and Queens. In this year the work on the Fulton street, Brooklyn, section of the subway was also under way, and the present accessibility to the Long Island Railroad trains in sight.

In 1905 there were constructed in Queens, 3,248 buildings, costing an increase over tbe 1904 operations of 1,829 buildings, and a cost of $4,100,000. In 1906 work was begun on 4,071 buildings costing $17,004,000. In four years 17,070 buildings were erected at a cost of The effect of the heavy housing movement In Queens upon property values is shown In the Increases In valuations during this period. In 1905 the total value of Queens properties, exclusive of the holdings of corporations and special franchises, was $129,917,000. In four years the values Increased to Referring to the influx of home seekers, which resulted in the 'phenomena? build ing movement and the concommltant increase In values, William C.

Demorest, president of tho Realty Trust, says: "In 1904 the total population of the Ave Queens wards waB 171,000. In the following year the population was increased by about 8,300, according to the official figures. The Health Department statistics give the present population of Queens as 240,500. In the three years following tbe active work on the completion ot the two Important, transportation Improvements, Queens gained 61,000 residents, or about as many as in ten years preceding 1905. "Tho increase in population has forced tho erection of multi-family houses In the old town of Jamaica, and the broadening demand for comparatively high priced properties has resulted in the development of large tracts of land along tho north shore formerly held as country estates.

In three years the population of the Third Ward, embracing Flushing, Maiba, Whitestone. and the north shore sections, has increased from 25.C00 to while the average cost of the structures erected in this section has advanced 121 per cent. In that period." RUGBY LOTS IN DEMAND. Many Buildinga Started This Year. Region Aided by Transit Facilities.

The establishment of a new school house on Church avenue, between Forty-eighth and Forty-ninth streets, which borders on the Flatbush district, calls attention to the great changes under way in that section which Is generally known as Rugby. The Rugby region takes in the territory, between Flatbush and East New York, too large to be Included in either. There is a stamp of Individuality about this portion of Brooklyn and for years the local taxpayers associa- tion haB been fighting for recognition. The place has been handicapped by lack of adequate transit facilities, but this has been largely overcome by the threa minute service on the Church avbnue line durlne the morning and evening business hours, transferring to and in connection with the Brighton Beach Railroad servioe. Last vear there were only twenty-two buildings put up in Rugby at a total cost of $113,750.

Since January 1 plans have heen filed for thlrtv-eiKht buildings in Rugby at a cost of $165,500. Included in the plans filed are business blocks of stores and apartments, a number of one family dwellings, and also a number ot two familv semi-detached houses. The Senator Construction company 1b one ot the largest builders and three new com panies have recently been formed to operate in the district. One of them is tho East Flatbush Development Company, of which Joseph B. Sturtevant is president and James H.

Barrat secretary. Tha second is the Rugby Realty Company, or ganized by Louis Grissler, who 1b the president, with Joseph B. Reilly acting as secretary. The Joseph Stafford Company, headed by Stafford. Is the third company.

While the extension of tne utioa ave nue car line south oi unurcn avunuo desired, there is a general feeling ot satisfaction over the present transit facili-ien. The Reid avenue trolley starting from the Williamsburgh Bridge, run diroctly through KugDy on unurcu avanue. and turn south through Graves- end avenue to Conev Island. In addition to the regular Church avenue car service, tha Brook vn Rapid Transit company maintains a shuttle service on Church. avenue, between utica avenue uu Gravesend avenue, forming a feeder to the Brighton Beach Railroad.

Tho urnwth nf Ruehv is reearded as only the beginning of the' development ot the great section as far as South Flatbush on Jamaica Bay. one of the few undeveloped territories of any size remaining in the -borough. It is eight years ago since Wood, Harmon Co. converted the Rugby farms into city lots, but the growth has been slow 'heretofore on account of the lack of transit facili- ties. There is every reason to be-Hevo however that within the next fetf years groat changes will take place in that section of Brooklyn for the reason that Its hdvantages are only just com mencing to be appreciated.

-y! ft House at 140 Sixth Avenue. gold for Dr. A. Crnikshank by Fackner St Coatei. r4t ill 71 li New York Connecting and Brooklyn Heights Exchange Terminals.

AVOID DANGEROUS CROSSING. Important Farm and Lot Sales Queens Recorded During Past Week. in An important agreement has been entered into between the New Tork Connecting Railroad Company, Samuel Rea. president, and the Brooklyn Heights Company, Edwin Winter, president, whereby the former exchanges yards with the latter at St. James Park, south of Lutheran Cemetery.

The Myrtle avenue railroad terminal lies east of the New York Connecting Railroad's right of way and ihe tracks between that yard and Brooklyn crose by a high embankment the proposed route of the New York Connecting Road, which would result, upon the completion of the eonneoting road which will also cross this meadow over an embankment, in a dangerous grade crossing. By the above agreement ail this is avoided. The Brooklyn Heights Company will secure a four-track terminal west of the New York Connecting embankment, and the line will end at Metropolitan ave nue, just west of Middle Village Hotel and west of Marquadt's greenhouses The New York Connecting Railroad will pay to the Brooklyn Heights Com pany 12,000. to cover all the costs of the work of grading for the new yard and changing the tracks. The New York Connecting Railroad tracks, after emerging from a half-mile tunnel underneath the cemetery will cross the meadows south of Metropolitan ave nue and the Montauk Division of the Lous Island Hallroad at a height of 18 or to feet, and will make connection south of tbe Montauk line with the Man hat tan Beach Division, there being no grade crossings to the Brooklyn line, and from Cooper avenue, the borough line, all grade crossings have been abolished to Bay Ridge and Coney Island.

Important Realty Sales. The St. Mark's Realty Company has conveyed to City Rea! EBtate Company a plot of about thirty-five acres In the southwesterly section of the town of Flushing, with a frontage of 1,679 feet south side of Eiseman avenue and 1,087 feet on the east side of a proposed street adjoining Maurice I. Cofflin's property. and extending to the New frospect farK Realty Company's property.

Michael P. and Julia F. Holland convey to Jane Holland twenty-one lots at Rockaway Beach, located on Lefferts place. Holland and Bayvlew avenues boulevard. Rider place, and 'With 50 feet ocean front.

Henry A. Van Allen conveyed to Cath erine Van Allen eight parcels of land in the village of Jamaica. The most valuable is a plot in the village of Jamaica with a frontage of 460 feet east side of Boreen avenue, and 120 feet on the nortn side of Hillside avenue, a plot of 23 lots -worth, it is said, $15,000. The con veyance includes also 14 lots between the Long Island Railroad on the north and Douglass street on the south, 176 teei west of Brenton avenue; a plot 89 feet easterly Bide of Puntine street; one 138 feet easterly ntde of Clinton place; one 26 feet north side of South street, ana another 76 feet north side of Merrick plnnkroad. Charles D.

Drew conveyed to Emma w. Denker, and the latter reconveyed to Stephen Carlton Clark, two plots in the town of Flushing, aggregating 46 acres. They have a frontage of 562 feet soujn side of Rocky Hill road; 629 feet north side of Queens road and 380 feet easterly side of Weeks lane, subject to mortgages aggregating $55,000. The Myrtle Realty Company sold to August Bauer an entire block containing 45 lots at Rldgewood Heights and valued at about $50,000. The block is bounded by Van Cortland, Buchman and Edsall avenues and Fresh Pond road.

Mr. Bauer is one of the most active builders in that section and will fill the block with brick dwellings. Michael Diehl conveyed to Elizabeth Diehl 34 lots at Woodside with a frontage of 434 feet west side of Garden street and fronting north side of Jackson's Creek and Mill race and 476 feet east side Old road and Bayview avenue. Adoloh Baumann sold to Anna J. Doyle 9 lots with a frontage of 200 feet south side of Myrtle avenue and 97 feet west side Van Dorn street ana east side or Backus street.

Realty Associates deeded to the City of New York title to its streets in the Ridgewood Heights section, including por. tions of Buchman, Edsall, Anthem ana Forest avenues and Foxall street. Kissena Park Corporation conveyed to John W. Paris 20 lots in the Kissena Park section with a frontage of 200 feet each on the east side of Parsons avenue. and on Quince and Rose streets, and to Edward A.

McDougall, 20 lota. 200 feet frontage on the west side of Parsons avenue and 200 feet each of the other streets above named. That whole section is being Improved with macadam roadways and concrete sidewalks. Henry A. Van Allen sold to Margaret A.

Hill six acres near Jamaica Bay. with a frontage on the south side of Three Mile Mill road, and southwest side of Sweeney's Creek. Joseph Reisert conveyed to Anna M. Reisert five acres at Rosedale with a frontage of 299 feet west side of New Highway and 457 feet south side ot Standard Land Company's tract. Henry Lehman sold to the Kellogg Company two plots on the Springfield section; one of twelve or fifteen acres has a frontage of 661 feet on the westerly side of Farmers avenue and 769 feet north side of the Long Island Traction Company's railroad line, and the other of five acres has a frontage of 762 feet north side of Long Island Traction Company's line and 773 feet south side of Mills avenue.

The sale Is made subject to four mortgages aggregating $37,094. Henry Henninga and Mary Curry sold to Frank W. Bruns, acres at New- i town Heights with a frontage of 614 feet north side of North Hempstead plank road, and 251 feet south side of Grand i street with a depth of 1.391 feet. The sale was made subject to a mortgage of $18,000. The property is saij to be worth $65,000.

I Albert Cavanagh sold to Holland Hold- ing Company, a plot of 20 lots on tho Lowery and Van Buren farm at Long Island City, with a frontage of 112 feet on the northwesterly side of Jackson avenue, 25V4 feet north side of Washington avenue and 325 feet westerly side uf Winans avenue, said to be worth 000. i The Queens Borough Corporation sold to Woodside Heights Land Corporation a track of eight acres at Woodside Heights, town of Newtown, with a frontage of 460 feet north side of the road leading through Train's Meadow and to Bowery Bay. The plot is said to be 1 worth $50,000, and is sold subject to a mortgage of $20,000 to the Dime Savings Bank. Minnie Rose sold to Clementine M. Silverman a plot feet north side of Kensington garden, 100 feet west: of Ve3t- bourne boulevard.

14t feet in depth and with a frontage of 150 feet on the east side of Bayev.ater avenue. The sale was made subject to a mortgago of $12,000. Rachel Rmuehart aud Josephine A. I Craft entered into an agreement to con- I HE outlook of tie mortgage market, the building activity, the renting demand and the transfers of property all point to i. aAARnn for an especially prop real estate.

The opportunities affordod on Washington's Birthday for the Inspection of new houses and desirable sites for houses are always taken advantage of to the fullest extent, and if the weather permits operations are begun before that date at deBirable points in order to stimulate interest. This season, with its open characteristics February thus far having been more March like than March Itself frequently Is has made It possible to undertake work which is- usually deferred until one or two months later. Tho marked increase In building over last year is a distinctive feature. The estimated cost of the structures ir which permits were issued in this borough last month was nearly three times what the figures were a twelvemonth previously. In fact, the amount was in xcess of that in January, 1D06, which Iras a record breaker for the first month Of the year.

There is plenty of money for building loans and the builders are taking advantage of the opportunity to begin work on many new structures. While speculative investments remain practically at a standstill there are man persons securing mortgages for tho afe holding of their surplus funds. The demand for houses and apartments Is steady In ale parts of the borough where there Is spy opportunity to obtain them and renting is active. At the annual dinners of the members of the Manhattan Board of Real Estate Brokers at the Waldorf-Astoria and of the New Jersey Board of Brokers, at the'Jersey City Club, which took place on the same evening, there were strong expressions of confidence in regard to the outlook as especially encouraging and promising. While attention was directed in speeches to the need of the preventive of municipal waste to preserve the values of city property, the ample opportunites to be found in real estate Investments were pointed out and the fact was demonstrated that the future was to be Judged by the past In estimating what would be Judicious and "wise.

The Greater New York Taxpayers' Conference, at. the head of which is ex-Senator George W. Brush, has taken steps to complete its organization and to make its work more effective for the good of the city. As the central body representative of the civic organizations formed in various parts of the five boroughs, it is a sort of clearing house for the various matters relating to the welfare of the city in which they have a Joint and. Inseparable Interest.

The especial usefulness of the conference has already been demonstrated by the share It had in the Budget Exhibit and in other matters which have a close relationship to economy in the expenditure of the money contributed by taxpayers for municipal expenditures. The objects of the conference are to secure concerted action by the citi zens of New York on matters affecting real estate interests In the city as a whole; to compel efficiency and economy in the city government, and to secure the best possible administration of municipal affairs. To attain these ends each of the cfvlc organizations In each of the boroughs was invited to send delegates to the central organization. At their meeting this week, attended by the representatives of no less than forty-four different organizations. It was decided to fill out the list of officers by selecting the first vice president, five other vice presidents, one representing each borough; fifteen honorary vice presidents, and fifteen new members of the executive committee, doubling its size.

A nominating committee of ten to select the persons for these offices was appointed. It is presumed that the first vice president will be a Manhattan man, as the president is a Brooklyn man, but no sectional lines will be permitted to interfere with the work of the conference for the betterment of civic affairs. Neither will partisan politics be permitted to play any part In its affairs, as the conference definitely pledged Itself to take no political action. But at the same time it placed itself on record as asking each member of the organizations represented in fhe conference to urge his friends and neighbors to use every possible effort to secure the election next fall of city officials who will give a wise, economical and efficient administration of municipal affairs. The conference provided for committees to take up the questions of education, legislation and city finances with a view to greater efficiency in their administration.

The future of no part of this borough is more interesting or provocative of discussion than that of the Heights. From the first settlement of Brooklyn, Clover Hill, as it was ben called, has engrossed much attention. The farms which were former Home of Henry Ward Beecher 124 Columbia Heights, recently soli. $mm $mw mm i iff I i 1 1' I i i if rjph i i i laid out In that part of the early-settled region were among the first to be cut up for tha accommodation of the Increasing population with homesteads, and farm lands toon gave way to village streets. The taking; of the water front for business purposes for a time threatened the residence region with the drawback of unsightly warehouses below the bluff which came to be called Columbia Heights, but the restriction of their height so that they would not cut off the view from the residences overlooking them seemed to obviate the expected difficulty.

The desirability of the sites along the top of the bluff for homes, with a wide expanse of view of the North and East rivers where they unite, and of Manhattan Island, separating them, was early apparent. There was a plan proposed at one time of setting apart tho edge of the bluff, where the street known as Columbia heights now extends, for a public park, but It failed to be carried out. Had that been done a pleasure ground of unsurpassed beauty and attractiveness rould have been secured, to which Riverside Park and Drive and the Shore Road would have btfen far Inferior. But Instead the ground was occupied for residential purposes and tha few gained what the many wore deprived of. But the retention of the portions of the streets which were laid out across Columbia heights, on the river aide, for publlo parks, assured glimpses at least, for the public, of the view across the river and bay, while at the foot of Montague street a plaza for outlook was created when the street was cut through underneath to connect with the ferry.

Ease of access to New York early drew to the Heights the business men of the particularly of the financial and wholesale districts, and they were not Blow to build up the region with the finest type of homes of the day and make it the center of social activity. In close proximity were created the centers for musical, religious; dramatic, artistic and literary activity, and for many years the Heights and its Immediate environs played the most important part in all the life of Brooklyn. But the multiplied means of transit and ease of access to other regions drew residents away from downtown Brooklyn and for a period there was a lessened demand for Heights property. The passing of many well known residents there placed their fine houses on the market and a number of them have been torn down to give way to large apartment structures. The de mands of business encroached on some of the streets, notably Montague, so that now where once were rows of residences there are only business blocks.

A notable change In Montague street will be effected when the new Hotel Bos- sert Is completed, on the site formerly occupied by the Pierrepont House, at the corner of Hicks street. The latter was erected as long ago as 1S63 and was six stories In height. For many years it filled an Important place in the hotel accommodations oj Brooklyn, but a few-years ago it was torn down. Rapid prog ress Is being made In the construction of the new hotel, which Is to be twelve stories high. The future of the Heights.

I do not see any future for the Heights," said Thomas Hovenden, secretary of the Chauncey Real Estate Company, "except as It 1b built up with apartment hotels and apartment houses. It is still a choice residence region, but the houses which occupy the most desirable sites are not adapted to modern conditions of living. They are spacious and handsome, buc the conditions under which thoy were built and occupied no longer exist. For one thing, there is the great problem of securing and keeping servants for a large bouse. It is too much for many persons.

It used to be tho case that when the sons married they took thoir wives to their parents' home, and there were families of ten or a dozen persons in one of the big houses. But now there will only be the parents, with one or two children, and the latter may me.rry and go away, and the father and mother be left alone in thoir great home. Then, too, the young people do not fancy the old style houses with their spacious, somber apartments, heavy chandeliers, old-fashioned furniture and lack of all that is bright and cheerful. They want plenty of light and air, sunshine and gay things, and they seek these elsewhere than in the old-time houses on the Heights. These old houses cannot be remodeled to suit modern ideas, and it Is too expensive to demolish them and rebuild in modern style on tho sites.

They cannot be made over for modern use at any moderate expense, but cost too much to be torn down. "Even if this could be done, the conditions are not such as to favor taking such a step. Very likely there is a boarding house on one side, even if not on both, and no one would like to build a modern home in such proximity. All that can be done is to replace the old houses as they are abandoned with lofty modern structures which will give a satisfactory Income to the investment. A case in hand is the Buck mansion, in Livingston street, which has Just been sold to givo way to 'an eight story apartment house.

The old home of Richard P. Buck, a house of fifteen rooms, with two bathrooms, woum maKe a comfortable home for some one if it could Went, ud without too much expense for servants and the running of It. But it would not pay anyone to undertake it, and so it will give way to the march of Improvement. The garden on Scher-merhorn street, which has been a breath- ing place ior ine uoijiiuiuiimu, doubtless be occupied in the same way, although no plans have yet been made for its use. "I sometimes think that if by some ca- tastrophe the present structures were all vinc-1 nut on the Heights, the region would be built up with modern homes, would be the most desirable In any part of the entire city.

There is no room left for building private residences in Manhattan Island, but hero is, a most desirable residence region convenient to the financial district by quick subway transit and with all the surroundings tot healthful and comfortable living. But it is onlv a dream of a possible future and does not accord with farts. The popula- tion of the Heights Is bound to increase rapidly with the multiplication of apart-mcnts. New residents will be -drawn (here by convenience to tbe business centers of both boroughs. The future of the business district here in Brooklyn is sure to be marked by a bis advance In values, as the past few years has shown.

It has thread been amazing. The new bridge will add greatly to the value of property In the business center. "On the Heights it Is only, the varant property, susceptible to that has shown Any marked advance, for the other property now covered with landmark in Flatlands to Be Replaced by Apartments. Sale Made by John 0. Giles, Jr.

be unused for months after Its opening, as was the case with tho Williamsburg and Brooklyn bridges in their early history. Every Interest in Brooklyn demands that the new structure be made useful as speedily as possible for all transportation purposes after It is opened." BEECHER'S OLD HOME SOLD. House at 124 Columbia Heights, Where the Great Preacher Lived Many Years. One of the sales recently made of Heights property was that of the house at 124 Columbia Heights, once the home of Henry Ward Beecher. This was sold for the estate of Ludovic Bennett, by CharleB K.

Brumley. broker. It was to Mr. Bennett that Mr. Bcechar transferred the property after he had occupied It many years.

Subsequently he occupied a house In Hicks street, near Orange street, which was his home when he died In 1887. The house at 124 Columbia Heights was Mr. Beecher's home for the greater part of his ministry in Plymouth Church. Many important conferences were held in It with public men and with the leading members of his church by Mr. Beecher.

In his study in that house he wrote many of tho "star papers," which gave him a literary reputation, and there was begun his "Life of Christ," snd his novel, "Nor wood." from the profits on which he paid for his Peekskill place, Boscobel. The scene from the rear windows of the house overlooking the bay and the East River is described In one of the "Star Papers." NEW INVESTMENT PLAN. The Realty Trust's Unit Purchasers' Company. A brand new plan of real eBtate invest ment has been devised bv the Realty Trust so that Bmall Investors can secure an Interest In real estate without the risks Involved In buying on the installment plan. It enables people to invest such sums as they can conveniently spare from time to time, without being under obligation to Invest any specific amount at any particular time.

While the Realty Trust has sold a large quantity of property on the installment plan to purchasers who have been fully satisfied, it Is realized that many more would be willing to invest in real estate if they could be assured that the risks resulting in the obligation to pay certain sums at fixed times were not involved. To them it seems unwise to agree to buy something whun times are good and promise payments covering the future, when things may not be prosperous with them, and there would be the danger of losing all they had paid In by a default in meeting what Is due. To obviate this difficulty the Really Trust has secured the incorporation of the I'nit Purchasers Realty Company-No. 1. and proposes to follow it with successive numbers as the scheme is developed, with stock at $5 a share, of which an invester can secure one share or more.

For the Unit Company No. 1, ten lots at Mapleton. in the Thirtieth Ward of Brooklyn, on tha north aide of.