The Standard Union from Brooklyn, New York • 26

THE BROOKLYN STANDARD UNION: SUNDAY, OCTOBER 18. 1925. 4 Estate Operators Reaching Out for Big Acreage I or Development Big Hotel Project Leads Marathon Park Community Celebrates First Anniversary Apartment House Height As Regulated by Zoning In Week's Developments In Real Estate Market CONEY BOARDWALK HESTODEilO Extension to Brighton Beach Signal for Continued Property Rush. R.E.0LUB TO HEftR LflZJSNSIOjlT OPENING Justice Will Address Jewish Charities Organization on Tuesday. Law Explained by Expert Edward Murray Bassett, counsel for the zoning committed, in a statement yesterday, sought to clear up misapprehensions regarding the height' of apartment houses permitted by.

law. He 8a.id: iy 'jr. I I I 4 IU i "Builders are sometimes confused Big deals in real estate and great developments have become the rule in the real estate market in Brooklyn and Manhattan. Brooklyn is coming in for tall buildings more and more, the. notable instance this last week being the final consummation of the Leverich plan for a $4,000,000 hotel on Willow street, between Clark and Pineapple streets.

The lease for theotel, sighed by Daniel P. Ritchey, of White Planns, for a forty-vo-year period, involves a total, rental of $12,000,000, or an average of about $300,000 a year. The building will be sixteen stories high and will have about six hundred rooms. A roof garden and banquet hall to seat 1,600 persons will be distinctive features. The hotel is to be known as the Towers.

The Marathon Park Community, at Llttlo Neck, whose homos are like the shove, lias celebrated its first anniversary. In the last )eur this community has grown from sores of undeveloped land Into a thriving and progressive community, with public schools, churches and stores. There have been completed 2 SO homes, which were sold since construction was start cmI last fall. Work on the remaining house Is nearing completion. HE! HE-ELECTED -1 Type of Dwelling in Section Of Garden City Manor Lots 1s Fqv i i With work rapidly progressing on the Coney Island boardwalk extension, real estate activities In the vicinity of Brighton Beach continue.

From Ocean Parkway to Munhattan Beach the demand for property, either for 'residential or business purposes, Is Binder and Urady, rcultors at Brighton Beach, have been -most active during the lust month. In less than six weeks, $1,000,000 worth of property hate changed hands through their office. That the demand for property, at the seashore will continue and that the peak ot prices have not as yet been reached Is the opinion ot C. J. Binder.

In speaking ot the situation at Brighton Beach, Mr, Binder said: "The completion of the DoarawaiK to Coney Island avenue, Is going to Increase the value of property In this section 100 told. The new promenade Will 'be completed before next summer, and In keeping with Its progress, a number of investors will commence work this winter In the construction of a number of elevator apartment houses overlooking the ocean. "Already work has been started In the cutting of streets, laying of sidewalks and curbs on the property north of the Brighton Beach Baths. This vast stretch of land will soon be Improved and converted Into a fine residential center. "Good Judges ot real estate see in the present boom of seashore property not a temporary rise in valuh because ot the recreational -facilities of those sections, although that plays an Important part.

Experts feel that a more' fundamental reason is the ever-Increasing demand for homes in New York City." Binder Grady recently placed on sale ori the main thoroughfare of Brighton Beach a largo parcel to bo devoted to the construction of one hundred six-story elevator apartments. With the completion of the new Hotel Shelhurne by Louis H. Solomon find a group of financiers at a cost of it.000,000, and a new $2,000,000 hotel by the Realty Associates at Brighton Beach, and a hundred or more apnrt-ment houses. It is predicted that in a very short time the section will be a community within itself. SALES BY WILLIAM KOSTER.

William Kostcr announces the following sales: East 40th st between Avenues and four two-family houses: East 4tith between Avenues and four two-family houses; corner Rodney and Hope plot 80 by 100; eight-family house at Lexington and Nostrand aves. for investment. At the Manhattan Bridge entrance the Chanin Corporation sold enough land to male a alts for an eight atory factory building which will contain lofU to auit almost any type of productive enterprise. Apartment houses in large number ara either planned or now under way. so that housing Bhould be less acute before the new year conies along.

One ot the characteristic enterprises among builders to-day la the development of tracts with small houses. This feature of building has been in progress lor several years but never before with the almost unlimited latitude engaged in at present. This phase of development is extended far beyond the limit of the Brooklyn zone, although the most distinctive of the enterprises is right within the limits of Brooklyn, by the Realty Associates. It la down where the Sheepshead Bay race track used to be that Individual enterprises are most noticeable. Walter Kraslow is one of the builders pushing the apaftment building to the limit in the most desirable sections of Brooklyn.

There lire others almost as active, but Mr. Kraslow is to be found wherever large numbers of lots are to be sold. For to thereaFt on Long Islnml the bulk building Is being pushed ss never before, and this is largely due to the electrification of the Long Island Railroad to Babylon. Cad-men Fredericks Is one of the pioneers in this eastern shore upbuilding, with large acreages at his command for (he erection of homes to suit almost any seeker after a roof tree. And Indications at present show that the weather of winter will not check the extensive building plans laid out by the enterprising developers of the land that still remains available for the solution of the housing problem.

as to whether the tenement house lawj or the stoning resolution controls the allowable heights of npartmeti houses. The difference In these re spects between apartment houses and hotels is also not alwuys understood "The tenement house law is a Slal affecting Ureater New York am Buffalo. It was In existence beloid the soiling was established. Under the tenement house law an apartmentlS houso cannot be built higher than otieTa and onehalf times the width of th widest street on which Its fronts In tismuch as the Legislature declare that the requirements ot the teno-ln ment house law should not deemed to be lessened by any cltjp ordinance, tlie setbacks that woul carry the building higher than suclfti height iinder tho lonlng are not allowed. "If, however, the requirement olpii the zoning resolution la stricter thatjfii that ot the tenement house law, thenj0 pursuant to the charter the aoninJi resolution must prevail.

Consequeu1 f' iy, in the case of a one hundred foot' street In a two times district on thil height soning map, an house cannot be built higher than hundred and fifty feet because that hv' tho limit Imposed by the tenementS' house law. If the tenelnent houHijJ1 law were not in existence the apart ment house could be built two hun fj' dred feet high, under the ronlng rea-(v uiuuun nnu vuuiu nave seiuacas ai. an even greater height. "In tho case, however, of a fifty, foot street iu a one times district oi the height map, un npnrtment housilt! could be built seventy-five feet hig1 under the tenement house law, buii only fifty feet high under the xonlim resolution. Consequently, the resolution preavils and the apartmemyi house must slop at fifty feet.

Th soning setbacks can be however, until the building reached IBM HI me neigm allowed by the tenemen nouse law, I. seventy-five feet. "The builder nierelv lino in tnin tlia nF 1 1 1 oncei turn luo at the height zoning map, He then; computes the height under each lawL If tho tenement house law sef lower height limit that tew prevail i and there can be no setbacks above'd that limit. If, however, the -zoning resolution sets the lower limllj then the soning resolution and zoning setbacks can be added I above that limit until the height aH lowed by the tenement house law ln 1 attninod. "The rule regarding hotels simple.

Hotels do not come under the, tenement house law. They can b' built to the same height as office buildings undor the soning resolution" and can have the soning setbacks," Multiple Listing Sales tr If h. I TO QUEENS PRESIDENCY At a meeting held in Fliishltu: la.t week the Queens North Shore I'liap-ter of the Long Islund Real Estate Board re-elected Laurence B. Ilaller-an to the presidency fur IKS. A.

J. Kerwln and IS. Nimme were also re-elected secretary and treasurer, respectively. Ira L. Terry was chosen as vice-president of the chapter for the ensuing year.

Those elected to the executive committee of the chapter are 12. Hunge, for Flushing; John V. Clancy, for College Point: Oeorge T. Mooch, for Whitestonc; William T. Smith, for Bayside; J.

Hart Welch, fur Peter Daly, for Hill, and F. H. Jieeve for Broadway-Flushing. At the same meeting the chapter decided to extend an invitation to tho Long Island Ileal Lstate Board to hold Its regular meeting as the guest, of the North Shore Chapter on Wednesday evening. Nov.

11, Invitations will be sent to all members of tho Long Island Heal Kstate Board to be guests of the chapter at that meeting, lia L. Terry. A. J. Kerwin and Laurence B.

Halleran were appointed a committee to make the necessary arrangements. The place of meeting will he announced later. STATEN ISLAND SALES. Cornelius G. Kollf.

has sold tor the Hashrouck Hill Corporation ten lots on Richmond road, running through to Hellwood road, Has-brouck Hill. The purchaser, Mr. Fred Rrieca. has acquired the prop- for Investment purposes; for J. Welsh, a corner of Gras- avenue and Moscl avenue, 2 Grasmero; to W.

F. Burns, of Brook ptnns the. erection of a residence for his own oc- upanr.y; for William J. Welsh, two lots at Grant Terrace; to Harry Rosen, of Manhatan, who has planned the. erection of a private residence for his own occupancy; for the Hasbrouck Hill Corporation, house No.

14. on Dellwood road, Hasbrouck, Hill, with plot of over 10.000 square feet. The' purchaser, Mr. Stuart W. Ross, will take possession of same In a short time.

Joseph P. Day will sell 675 business and residential Pnrwls In a district bordering Stewart Iteservalion, NEW PROPERTY EXGHAKGEjH mere Holds Builders Should Understand Their Share In Developing Big City Thomas Adams, director of plans and surveys of the regional plan of New York, in an address before the New York Building Congress at its October lunclleon Thursday at the Activities of the Brooklyn Real Estate Club of the Brooklyn Federation of Jewish Charities will get under way Tuesday at noon when the I first luncheon of the season will take place at the Hotel Dossert, Montague and HlrlU streets. Justice Edward Jaiansky will be the guest of honor and will give a short talk, according to an announcement made by Jacob M. Hoffman, chairman of the social committee. Although little more than six months old, the Brooklyn Real Estate Club has a membership of more than three hunderd of the more prominent operators, builders, brokers and supply men of Brooklyn.

James Brooke Is president of the 'dub and Pincus Gllckmart la associate president. Nathan 8. Jonas is honorary president and Frederick Brown Is honorary vice-president, Other officers are: Irwin 8. Chanin, I.ouls Gold, Samuel Selder-man, J. H.

Cohen and Jacob Goell, vice-presidents; Walter Kraslow, secretary; Mux Tilumberg. treasurer, snd Joel Landres, executive secretary. In the Real Estate Market The following reports of sales and leases have been sent to this office by real estate brokers: Bulkley Horton. through its No-strand avenue office, sold the three-story and basement two-famly frame dwelling on a plot 20x100 at Pulaski street, between Nostrand and Marcy avenue, for Mrs. C.

Beebe to a customer for investment; through Its Lafayette avenue office, tho two-family frame dwelling on a plot 25x100, at 178 Ryerson street to a customer. Resold for Aduray Realty Corporation, property at the southeast corner of Beach Ninety-fifth street and Boulevard, Rockaway Beach, consisting of stores and apartments, to Joseph Scheinberg. Property was held at 150,000. Frank J. Magerle reports the sale a sixteen-room house at the southwest corner of 121st street and Ninety-fifth avenue, Richmond Hilk known as the Richmond Hill Pana-torhim.

on a plot 65 by 100, Property was sold to the present tenant, a client of his office. The Flatbush office of the Hatch-Gazan Company reports the sale of two lots on East Fifty-fifth street, for George Rees to Herman Preus. Samuel Diets, builder, has sold twenty-two business lots to Sarah Tanzcr. These lots are the remainder of the thirty-four business lots he recently purchased in Auburndale, adjoining the Treasureland Homes Corporation development. H.

B. Cantor sold to Harold S. Diamond, represented by Sidney R. Diamond, for O. RelnmuIIer, 621-3 West Forty-seventh street.

This Is a plot at .10 by 100 on which the purchaser will erect a four-story modern earage. years that I have been p. the. demand been as great for small tracts of one-half acre rightly becomes more Insistent not only upon resisting encroachment by private Interests upon public land, but upon the establishment of mor6 recreational breathing spaces. The shore front of Long Island Is of enormous potential future value to the State of New York, because wun the execeptlon of.a few miles In Westchester County, and the harbor of New York City, the State's only shores upon salt water are to be found on Long Island.

"In the past, particularly befors the advent ot the motor car. Long Island's shores were for the most Part of but local service. In the future they must serve not only the enormous resident population of i-ong island and the metropolian region which does, not own waterfront, but also our citiiens from other parts of the State who wish an occasional glimpse of the sea, which must inevitably become a luxury beyond ordinary reach, If steps to preserve the Long Island littoral to the public are not taken Immediately." WILL BUILD TWO-FAMILY' HOUSES ON SEVENTY LOTS The office of M. C. O'Brien.

Inn reports, In conjunction with Charles uuoert, the sale of the entire block bounded by Kingston and Albany avenues, Midwood street and Rutland road, for Rubin, Klein, Hardwood and Firestone to the Leibern Building Company, Inc. The plot contains seventy lots and will be Improved immediately with two-family dwellings. GARDEN CITY ACTIVE. Gleeson and Dolan, have, sold home sites in Garden City, Maps of Garden City Estates, Nassau Haven and Garden City Park to Juliette Lemalre, Edward A. Rivas, Charles F.

Lie-bow, Alex and Rose Pookrlss, Patrick Rellly, A. C. and Gertrude Wagner, Martin J. and Elizabeth Thompson, Rudolph Knssrnan. Ben Lecey, William end Patrick Pecey, John Johan-son, William Bollenbach, Charles H.

Williams, Martin Becker, John Back-strom, Dorothy Doran Bennett, Gertrude L. Ireland. Joseph Seebury, EUxnheth Noble, John J. Hnle, Albert W. KlHn.

Frances rt. Pattnn, Henry C. Snhl, Milo L. Volght, James CampbelL, 1 1,500 BAYSIDE LOTS SGLD ''Oaks" Property Finds Many Buyers at Auctions by J. P.

Day. More than a thousand men and women went into tne ram last Wednesday night to attend the third session of the A. Schulte sale of the Taylor estate property "The Oaks," at Bayside which was held by Joseph P. Day, auctioneer, in the grand hull- room of the Pennsylvania Hotel. Mr.

Day at the beginning of the sale announced that because of the large purchase made by the, Oakland (Jolt Club, Mr. Schulte had arranged to offer several hundred lots In addi tion to those included In the lots re maining unsold after the sale on Co lumbus Day. The sale of all the remaining unsold "Oaks" lota occurred yesterday on the premises at Bnyside under a large tent. The stile Wednesday resulted in the disposal of 379 lots tor $163,500, or an average better than $t3l i Including yie purchases made hy the golf club and by Douglas I Elll-man. together with the sale of approximately 40O lots last Saturday and 415 lots additional on Columbus Day, the total number of lots sold to date Is 1.S00, for a total of approximately $1115,000, or more than $4'M per lot.

Walter Kraslow, president of the Kraslow Building of Brook-lyn, was the most prominent buyer at the sale in the Pennsylvania Hotel. Oni of Mr. Kraslow's largest purchases was that of sixty-one lota in Block 13 on East Hampton boulevard, Blrmington parkway and Horatio parkway for a total of $19,425. The most interesting purchase of the evening waa made by Charles Nlcholls, 'io paid $36,000 for the site of the one-time Taylor estate mansion and the seventy-two lots comprising all of Block 18. The aver, age price was $500 a lot.

Other purchasers Included Dr. S. Wllonsky, of Brooklyn; L. C. Van Wye, of the Van Leigh Furniture C.

H. Alviene, of Flushing; F. and S. Herman, of Brooklyn; John C. Malone, of the Bronx; Eugene F.

Oriffen, of Bay-side, and William T. Davenport, of Brooklyn, by any other group of men in of the Improvements which have taken place. "No one would contend ta-day that that was a visionary and wasteful scheme, although there were plenty who cried out aloud from the housetops In the day when the proposal to make that Improvement was made, "The point Is simply this, that In this city the best demonstration in the world that to build your city nobly and beautifully Is the best way to make for Its material prosperity, and that everything which Is a real improvement, not only In the building of noblo structures but In the setting and display of these struc tures in a manner that mases tne city as a whole beautiful and more distinguished contribues to its coin mercial welfare Mr. Adams appealed for coopera tion of the New York Building Congress in the work of a regional plnn for New York. He said three problems In the future development of New York were its waterfront, parks and playgrounds and' more provision for housing accommodations than Is being made now.

He called attention to the vital need for Improvement of transportation of the population from the centre to the suburbs and from the suburbs, to the centre, adding two belt line railroads that will distribute the population -around the congested points in the centre, transferring heavy industries from Manhattan out Into Brooklyn or Into.Nassau or even Into Suffolk County. LEMMERMAN BROTHERS OPEN NEW OPERATION "Lemmerman builders and operators In Queens, have Opened up a new operation of 10O homes In addition to the 125 they have erected in the gneens Villuge section. Of the first installment 100 have been sold. It Is said land values in the vicinity have increased three or four times over since building operations were begun. R.

S. FISHER, REPORT -HOUSE AND PLOT SALES R. 8. Fisher, has closed the following sales! Plot ori the northeast corner of Ocean avenue and Avenue R. 60 by 100, for L.

Lerer to M. O'Brien; plot on the east side of East 18th street, 100 feet south of Avenue 20 by 00, for Dela-mere Corporation io Frank Mallo; plot on the northwest cerner ot Nostrand -arumtflranfl by 105, for galley to A. O'Brien; house situated at 1741 Madison plnre for Uona Hnme Corporation iq H. Gallagher for occu-pnncy; bojse situated at 1768 Fast Thirtieth street, for Home Corporation to Henry nnd Kuth hrslch-man for occupancy. South Shore Parkway Property Opened For Investment and Homes Commodore Hotel, told the builders present that they have a Commenting on the sale of Long Island real estate in small acreage tracts yesterday, Cadman H.

Frederick said: ine MuUple Listing Bureau of the I Brooklyn Heal Estate Board reports? the following sales through the AIul tlple Listing system: St By Bulkley and Horton Company. 1) listing broker. In co-operation wltlif James A. Farrell, the three story cellar, brick detached residence, ntK I 134 Brooklyn avenue, for F. WV Rebham to a client for 'I By M.

C. O'Brien, listing brokerjlf In co-operation with Henry J. the two story and basement, framr dwelling, at 1220 Park place, fori 'f Margaret A. Schmidt, to Mrs, Mary; Downing for occupancy. By Joseph (llasscr of thethree story frame dwelling, at 60 Menahan; street, for John J.

Moellor, to Joseph; Pisciotta for occupancy. fl By John Rels Company, ll'stlnc' broker. In cooperation with Colombo MIrabella, the throe story and base-i ment, brick attached residence, at I 8ti5 Union street, for Mary A. Wilson, 5 I to a client for occupancy. The Bulkley Horton Company I listing brokers, In co-operation witht 'l Joseph C.

Ryan, the three-story andj IE1D INJBRQDKLYN AREA Great Structure in Manhattan Nearing Completion Buildings Added Here. With the completion of Its new Barclay-Vesey building In Manhattan, the New York Telephone Compunj will have in its possession ons hundred and twenty-six buildings in the metropolitan area, besides oc cupying and operating a number leaseu premises. At eleven centres in the down-state New Y'ork area, telephone building operations are going on. New stories and extensions are being added to six existing telephone buildings and five entirely new telephone structures are either in the process of erectio or have Just been completed in Manhattan, Long Island, the Bronx and Westchester. Brook lyn leads in this activity.

The new home ot the telephone In Manhattan has Involved an investment of more than J15.000.000. It covers the entire block bounded by Barclay, Vesey, Washington and West streets, providing space for 6,000 telephone workers, in addition to six new central offices. The last brick on the new building was laid and the last stone was set on Sept. 10. The structure rises thirty-one floors above and extends five floors below the street level.

The ground dimensions measure approxi-matelj 212 by 257 feet. The steel construction starts seventy-two feet below ground on the bedrock of Manhattan, rising 438 feet above the sidewalk. Twenty thousand tons ol steel have beeen used in its construction, of which 5,000 tons, are placed between the ground level, and the lowest sub-baement a quantity ot, steel filling 1,000 railroad freight cars. in a train nine miles' long. Of other coonstruction work In which the New York Telephone is now engaged a great deal is concentrated in Brooklyn.

where recent years have shown a very considerable telephonic develop ment. At the corner of Ocean avenue and Avenue the comnanv has Just completed one of its latest Brooklyn buildings. This Is a three story concrete structure in which switchboard equipment is now being installed. In it will be housed a new central office serving the Sheeps- neau cay ana coney island district. The Jamaica offices ot the New York Telephone Company, at 8 Har-denbr.

avenue, are also being more than doubled by new construction work. Besides extending the premises to cover, an area of 186 by 72 feet, another story Is being added to the present structure. Another new telephone structure In Long Island is the Havemeyer Building at the corner of Broadway and Vietor place, Elm-hurst. Here two stories have been added to the existing building, bringing it up to five stories altogether. The company IS also constructing a largo warehouse In Brooklyn at Hsr- Ato time in the twenty-five veloping suburban property has 5 F.JHV, klmer.

Van Sinderen and Fulton streets. It will have frontages of 250x200 feet on these three streets, and will be ready for occupancy on Jan. 1 next. It provides garaga space on a large part of the ground floor for cars belonging to the New York Telephone Company, and the remaining warehousing part of the building will be rented to the Western fclectric Company for storage pur poses. It will be a two story structure.

The three-story building of the company, known as the Richmond Hill Building, and extending through from 106th to 10Mh streets, south ot Jamaica avenuo, also In Bruoklyn, Is having another story added. A two-story extension will be added at the side, the new adidtion being sched uled fnr completion at an eajly date. The original building will be raised to four stories. Telephone building activities In Brooklyn also Include the. addition of 49 feet on the Forty-first street front, of the Windsor Building at Forty-first street and Fourteenth avenue.

An additional story Is to be added to this building and a three-story extension. The building stands at the southeast corner of Fourteenth avenue and Forty-first street. GARDEN CITY HUB LOTS TO BE SOLD BY J. P. DAY In the section boarderlng Garden City Estates along Nassau boulevard and North Hempstead turnpike, both of which are business thoroughfares, 675 business and residential lots comprising the property known as Garden City Manor, are to be sold at publlo auction next Saturday, at 2 P.

rain or shine, by Joseph P. The sale will be held on the premises. The Garden City Manor lots to bo sold by Mr. Day Include more than 6,000 feet frontngo on Nassau boulevard and. Nerth Hempstead turnpike In the section a few 'blocks south of the Nassau boulevard sta tion on the Hempstead Division of the Long Island Knllroad, and on a direct line with the Medium ave nue station.

Garden City and Garden City Es tates in the last three years have been the scene of much new home building, and a large amount of acerage on the outskirts of the "Stewart" domain has been purchased by prominent Investors and developers. The R. C. Malley Real. ty Selling Organization, agent for the owners, Is co-operating with Mr.

Day In the sale ot the Garden City Manor Iota. i FLUSHING AVE. FACTORY BUILDING CHANGES HANDS Henry Gllllgan Co. have sold for the American Book Match Corporation the two-story brick factory building at $38 and 340 Flushing avenue, between Claaeon avenue and Taaffe place, to Louis Wels, who will occupy the same as soon as contemplated alterations are completed. the construction of tunnels, not only woud enable a far better distribution of Incoming and outgoing traffic, but would also eliminate entirely any possible obstruction to navigation, ne "aid." Mr.

Colburn spoke In favor of the closest possible inter-state communications between New Vork and New Jersey, and stated that he believed that the same amount of monev which Is considered for bridges might possibly bring much greater results If used lit tunnels. smau acreage tracts and so difficult for the small homeseeker i TO ENTERTAIN BROKERS During the hour from 11 to 12 A. It, next Thursday, real estate brokers of the metropolitan area will bo entertained on the trading floor of the New York Property Exchange, 94S Broadway, Manhattan. At that timo the Exchange floor will be open 10 all licensed brokers who are interested. Irrespective of whethei they are members or not.

Listings will be read by the floor ehalrman. Anyone present at the time can secure any of the listings called by approaching the platform and requesting the listing sheets desired. The listing sheets ran be obtained then and there from the listing clerk whose desk Is on the floor chairman's platform. Preparations are under way foi the election of advisory board members of the Exchange and committees are being drawn. Full announcement of the resulU will be made In the near future.

AUCTION ON ACT. Kockvllle Centre, on the South Bhore. with the advantage of being the first stop on the electrified Montauk Division of the Long Island Railroad, and only forty min-ntes from Flatbush avenue, Brooklyn, and Pennsylvania, Manhattan, stations, Is now looking forward to the day when 1t shall oe one of the large centres of metropolitan population. It Is In this dlstVlct. opposite the Rockvllle County Club, that 432 business and home-Building lots known as Hemrock Gardens, are located, and are to be said at public auction on Saturday, Oct.

31, at 2 P. on the premises, by Joseph P. Pay, auctioneer. NICHOLAS J. GANLEY REPORTS TRANSACTIONS Nicholas J.

Ganley reports the following transactions: Lease of the entire basement at 164. 166, lSg Atlantfo sve. for a long term of years to Brooklyn Consolidated Gas Iron sale of the block front of Hlghble lane, from Highland ave. to Pherman to a client for speculation at Babylon, sale of the block front of Birch from Washington ave. to Wave Crest to a client for speculation, at Eabylon, L.

I. FLATBUSH TERRACE SALES. H. A. tockwood and Company announces the sales of oae-famlly detached houses on Kimball street, Flatbush Terrace to Owen and Mary Donnelly, Clarence L.

Randel, Caunltz, Wlntleld O. and Mary Hotte. Thomas and Helen King and Peter and Margaret Ped-erson. FARM HELD FOR $400,000. The Richards Farm on Black Stump acre, w.is sold by Qulnlen, Terry Johnson, realtors of Flushing, to a syndicate of Hartford Insurance men.

The property was held at $400,000. The property has a frontage of 2.20(1 r.etjffcn Nassau 'WvJ. and l.S.'O feet inn 'lack Stump rd. responsibility unequaled probably New York. He said this was due to the size of the city, Its position as the door to the most politically powerful country of the world, its position as the centre of a port' which has the greatest commerce of any port In the world, as the centre of manufacture, and with a hinterland of natural beauty which probably no other city had.

He continued: "It doesn't amount to very much to be the biggest city In the world, hut It is evident that that responsi bility rests upon the shoulders of the citizens of this city, and that to-day so far as population Is concerned, this in the largest accumulation of people centered around a great port in the world. "But the size of New Tork doesn prevent us from appreciating somq ot the difficulties, some 'of the complexities, some of the enormities oi the problems with which that very tlze confronts us. "It is Impossible to solve the problems ot transportation and transit and traffic unless, you combine in youi lnvestlgatlona and deal In the same nlan with the problem ot ounuuig densities, building uses and building distribution. That Is one reason, apart altogether from the question of the fact that the structural development of this city is one of Its greatest problems. Why the builders ot the city have to consider much more than the actual structure which they are huildlmr.

"New York has probably. If one may speak of a defect, the most magnificent waterfront of any city, and to some of you who have traveled In other cities and seen their comparatively limited opportunities for developing the waterfront, the splendid advantage they have taken of 1m-nrovlntr these waterfronts. I think you Tvlll agree with me that the one thing which probably stands out more than any other In the structural growth of this city Is the neglect of that great opportunity. "There are cases like Riverside Drive, like the improvement of the upper part of Manhattan Island by the purchase of land for open space and the leservation of land for the extension of the Drive, where the best has been done as far as the planhers could do to protect that beautiful heritage. 'These things can be dealt with by proper planning and by comprehensive treatment of the problem.

One of the greatest opportunities for the builders of this city to-morrow lies along both banks of the Harlem River. Yesterday, it was the Grand Centrsl Btetlon and Park avenue. You see what has been accomplished In the neighborhood of this hotel. We csn't get at the exact facts re-Knrdlng values, but they certainly hnvs doubled or trebled nifiice the day ot steam operation as a lesult and investor to secure land in and upward." Because of these conditions and the large number of inquiries made dally at his office, Mr. Frederick announced the of a new property within a few blocks of Islip station on the Montauk Division of the Long Island Railroad.

This property has a large frontage on latin avenue, one of the main Cross-Island thoroughfares in this section, where real estate has been most active (luring recent months. The property itself extends all the way from the Montauk Division to the main line. Mr. Frederick added that It was a real parkway property, as the Northern State parkway anp the Southern State tfhrkway com- uinea wun ine cross-lsiaud parkway, literally surround the property. In recent years a large number of moderate price homes have been built on the property, which is known as Columbus Park.

The Babylon, Bay Shore and Islip section of Long Island has been the scene of great activity since the electrification of the Montauk Division to Babylon, the opening up of this entire section to suburban development, and the plans announced by the Long Island State Park Commission to make this the greatest park and parkway section near New York City. The property is not far from Deer Range Park, of about 1.500 acres, which fronts on Great South Bay at the southerly beginning of the pro-posed Cross-Island narkwav. I The onenlne sale of this tirnnortu started yesterday at popular for small acreage plots. In discussing the future of the South Bhore the Long Island State Parks Commission in its 1925 report said: "What la happening to the "Florida coast Is matter of common knowledge because of the almost unbelievable rise lfi price of land which has taken place In the last decade. The remarkable thing' about Florida Is not so much that this development has taken place, but that It has not takf place before.

All of which means, that the South Shore of Long Island, happily temperate will at no great distant time be a Priceless asset to the State of New. York. "As the population grows, as the ratio of urban over rural dwellers becomes steadily greater, and as the open spaces and shore snakes relatively shrink, pubjta sentiment at 16 Wtllouehby ave. for Mary Casey to Antonio llarchesa for occu-j pahcy, and the three-story r.nd base-J ment brick, attached residence at 1411 Lefferts pi. for John H.

Dusen-i berry and Maude D. Meary to a client for occupancy. By John Rels Company, listing broker, in co-operatiqn with (Set'alili R. O'Byrne, the 216-story frame ami! stucco detached residence at 11SH East 18th st. for C.

F. Du Bols loi J. S. Hart for occupancy. MULTIPLE LISTING Will Give You Better Brokerage Service If You WUh to Buy or Sell PROPERTY BUYER! SELLER 1 WIM flhrt that ot ho ninv rlM THAT PKRHI1V nt the "OTHf lt KMI OF TOH.N" Willi whom a deal can be made, TWO HrvnttKO Rrnl rtue brokerage office locali'd tn evr motion rtt Brooklyn WILL AIO YOU In your tmndai-tlon.

YOUR I'ROPKHTY tWod "for with a Mt MU'W 1.IKTINU I1HOKKH will, within 48 bourn. 1m on file for lh of iarh snd nit these brokrafl of-flroa TKV TO 1 MAKE THAT HALE I You msp find in rh Mt T.TIl'I.K I.IHTINO oirl.n tha combined offerings of offlcea, If you. ara In search of Brooklyn property. R. a Mt'tTIPLK I.1BTIXO broker.

Thore la One la Tour Own Neighborhood. since April l't Mnlllnle II. ling BMlea sml leoaaa la Hrnokijo dual 497.00 THE MULTIPLE LISTING BUREAU of tha BROOKLYN REAL ESTATE BOARD Expert Realty Man Prefers Tunnels to Harbor Bridges Harrison S. Colburn, first vice-president-elect of the National Association of Real Estate Eoards, in addressing the Harvard Post-Graduate School of Business Administration last week on the subject of industrial location, spoke of the bridge situation in the harbor of New York City. Mr.

Colburn deplored the haste on the part of the two States, Now York and New Jersey. In approving bridges at various parts of the harbor 1n advance of the actual opening and commercial Operation of the Holland Vehicular Tunnel. He. stated that If the vehicular tunnel were the success anticipated by its spongers. It might be much better to spend, the money n-templnted for.

bridges, in tunnels. The same amount of money used In.