The Brooklyn Daily Eagle from Brooklyn, New York • Page 47

BROOKLYN DAILY' EAGLE Real Estate News Aviation News Novel SECTION NEW YORK CITY, SUNDAY, MARCH 9, 1930. nr rrwTC inorMurisavmcEim five. tit, York I IlMh Building Plans Promise Active Spring in Many Sections Some Notable Additions to Metropolis Classified Advertisements Real Estate News Brooklyn-Queens Huge Apartments Show Marked Gain In Building Plans Prospect of Active Spring Construction Program Reflected in Projects Filed During Past Month in Both Boroa The approach of spring appears to bring in its wake a promise of building' activity in Brooklyn and Queens. Plans filed at the building bureaus in both boroughs during the first week of March show a decided improvement over the In Park Slope Area Enliven Business Shopping Thoroughfare Being Transformed to Meet Increasing Trade Created by New Skyscraper Homes in Neighborhood By VINCENT KIRK One of the most interesting phases of real estate development in the borough is the change that is taking place in the Park Slope and Prospect Park Plaza neighborhoods. During the past few years apartment house construction of the sky wcnrd nf the first, t.wn months scraper type has Involved an drift's pi of 1st St.

and Prospect Park West, where stood the Imposing Washington mansion, has been purchased by the New York Investors, Inc, builder of 35 Prospect Park West, and It la understood that eventually this land will be Improved by the owners with a skyscraper multi-family building. expenditure of close to These new residential buildings, housing in the aggregate close to 100 families, have created a need for additional store and office buildings along 7th Ave, the nearest shopping thoroughfare. Among ihe new business build The thoroughfare facing Prospect Park Is destined to become intensively built up with hlgh-clas of the year and reports from builders and real estate brokers would indicate that conditions in the real estate field axe brighter than they have been since the fall of last year. The total for the month of February at the Brooklyn bureau was $3,466,325. This amount represents new plans and alterations and provides for two public schools In the Flatbush section, several groups of small dwellings for the Bay Ridge and East Flatbush localities and the outstanding project is a six-story apartment building for the Brighton Beach Boardwalk.

Flans were also filed during the month for 60 private garages and two public garages. Complete Plant for Big Coney Islarul Arena The Brooklyn Veledrome Corporation, of which Vincent Mazella is president, completed financial arrangements last week for the arena to be built in Neptune Ave, Coney Island, at a cost of 500,000. The arena will have a seating capacity of 12,000 and arranged so that the track may be removed and the field used for hockey games and other sports. The land 15 owned by the B. M.

T. and is leased for 21 years to the corporation. In the group of pictures on this page is a sketch of the arena by Murray Klein, architect. It is expected that the arena' will be ready for use in the fall. A building not shown In the picture will be erected for use as dressing rooms, restaurant and indoor events.

ings now under way are a three-story and basement structure at the corner of Union St. and 7th Ave, built on ttje site of the old Hol-llngsworth Stables; a six-story garage and store building adjoining in Union several former private residences in the blocks between Union St. and 1st St. being remodeled into business buildings, and the imposing Park Slope branch of the Brooklyn Trust Company at the corner of Carroll St. apartment houses and apartment hotels, according to real estate men of the district.

The Park Plaza zone was the first of Brooklyn's neighborhoods to feel the invasion of the Park Ave. typa multi-family house. Five years ago the Plaza was surrounded by mansions of Brooklyn's families of wealth and position. Today nearly a dozen high-type apartment aad apartment hotel buildings tower 10 and 15 stories at the end of ia Plaza and dot the streets adjacent. Prospect Park West Is rapidly assuming considerable Importance a a fashionable apartment housa frontage, due perhaps to Its high, commanding elevation affording a splendid view of the city and tha beautiful panorama of the park Itself as well as the immediate background of some of the most attractive homes in Brooklyn.

The strong, steady demand for apartments of this type, gauged by -ml IjulJeJmkI a 1 1 1 :3 fr; I 1 in wlSZ and 7th Ave, being erected by Wil liam Flanagan, Inc, for the bank. That these business buildings are urgently needed in the section is Indicated in the statements of local Brooklyn. The cost, as estimated by the architect, Samuel Schlaum of Manhattan, will be $35,000. A firehouse, 36x89, will be erected in Cross Island Boulevard, south side, 275 feet west of 37th Ave, Au-burndale, by the Fire Department of Manhattan. The architect is John real estate brokers who report that most of the space in the new structures has been leased for long terms, and that other private houses along the avenue will soon J.

Sliney and the cost is estimated the number of suites rented during be turned over to wreckers for re to be $70,000. construction of buildings In the vi construction into business Plans have been filed for a two. cinity, is encouraging realty Investors and financial institutions to story warehouse on a plot 80x220, to be erected in Grand Ave, north Imposing Apartment Center The Realty Associates has lust extend their operations in this sec side, 44 feet west of 54th St, Mas' Brooklyn Plans The outstanding application among those filed last week at the Brooklyn bureau is a six-story, 42-famlly apartment' building to cost 250,000, entered by the Quentin Apartments, of 57 7th Ave. The structure is contemplated for a plot' 100x90 at 1715-23 Quentin Road on the northwest corner of E. St.

Q. I. Prowler prepared the plans. Small Houses in List Flatbush Construction Corporation of 931 Schenectady Ave. filed plans which call for the erection of 13 two-story dwelling houses to cost 75,000.

The houses are to be built of wood on sites each 20x60 on the parcels numbered from 1177 to 1205 E. 46th south of Avenue H. F. Ober is the architect. A one-story frame velodrome is to be constructed on a site 100x90 Bt 2802-84 W.

12th on the southwest corner of Neptune according to plans filed yesterday by Brooklyn Velodrome Company of 127 President St. The buildings is estimated to cost M. Klein is the architect. Queens Projects The' total for the month of Febru completed a 16-story co-operative peth, by L. L.

Veque, builder and architect, of Columbus, Ohio. The cost is estimated to be $50,000. The buildings shown here are the William Sloane house in W. 34th St, near 9th Ave, Manhattan (above), dedicated last week by Cleveland N. Dodge, who provided $3,000,000 for Its establishment as a visiting place and temporary home for strangers trying to adjust themselves to the city's ways.

At the right is the architect's sketch of an apartment house to be erected on the site of four old brownstone houses in West 21st St. opposite the Theological Seminary, from plans by Springsteen and Goldhammer. Below Is a sketch of the area to be bnilt on Neptune Ave. and W. 10th St, Coney Island, from plans by Murray Klein, architect, and to cost about $500,000.

Four one-story brick stores, 50x50, have been planned orArverne Boule' vard, northeast corner Beach 70th St, Arverne, by Nox Realty Com' pany, Albert Somerfeld president. apartment house at the corner of Garfield Place and Prospect Park West, of the most luxurious type, equal in equipment and service to multi-family buildings in the Riverside Drive and Park Ave. sections of Manhattan. On the site of the old Hampton Apartment at the corner of President St. and Prospect Park West a 15-story apartment has been built by the No.

9 Prospect Park West Corporation, at a cost of $2,000,000. The large vacant plot at the corner Plans have been prepared by the architect, J. P. Powers, Rockaway Beach, who estimated the cost to be tion. Faith in Future of 7th Ave.

Evidence of faith in the future ot the Park Slope and the advancement of 7th Ave. as a business thoroughfare Is Indicated In the remark! of William Halloran, Park Slope attorney and real estate broker and a lifelong resident of the section. In discussing the locality Mr. Halloran said: "The Brooklyn Trust Company made an excellent choice in locating at Carroll Bt. and 7th which is the very heart of the shopping area.

Evetythlng points to an advance movement in Park Slops realty and the creation of more business buildings toward Flatbush Ave. The large apartment houses in tha neighborhood of Prospect Park have 14.000. Emil H. Diets of Ridgewood will erect a one-story brick garage, 114x 30, in 99tn st, north side, 460 feet east of 212th St, Queens. The architect la Henry C.

Brucker of Ridgewood. The cost is estimated to be $10,500. Manhattan Finns ary at the Queens Building Bureau was $2,780,183. For the four business A. Nugent, builder and architect, has filed plans for two one-story Patchogue Is Modernized by Apartments days from March 1 to March 5 the Survey Shows Turn of Money total was $1,095,835, almost half that strengthened the buying power of 7th Ave, and this will attract tha attention of prominent chain stora frame dwellings, 20x42, to be erected in 75th Ave, north side.

60 and 88 of the entire previous month. During February 425 permits were feet west 89th St, Woodhaven. The firms to the value of the avenue. Tha Lease Brooklyn Lofts Three additional tennants have taken space in the Gair group of Brooklyn buildings, located between the Manhattan and Brooklyn bridges, according to Harrison S. Colburn Company, agent, for the property.

They are the Rembrandt Issued. The permits filed from establishment of an automobile center near the Grand Army Plaza, cost is estimated to be $10,000. Five two-story brick dwellings, 16x42, will be erected in 122d March 1 to 5 totaled 191. Construction Plans For Forest Hills Area Involve $5,000, 000 Fifteen Story Apartment to Cost $2,000,000 and 300 One-Family Houses Among Projects Soon Included in the March permits Is To Mortgages west side, 190, 213 and 236 feet south Old Suffolk Village Has Two New Buildings of Lamp Company of Chicago, formerly locateAon 234 St, Manhattan; the of 111th Ave, Richmond Hill. Plans have been filed by Radel Holding Corporation of Richmond Hill, Attractive Design Vivitone Corporation of Chicago Report From Many one lor tne construction of a parish house for St.

George's P. E. Church in Flushing. The structure will be of stone with a slate roof. It will be three stories high and be 200 62 feet.

It runs from Lincoln to Locust west of Main St. It is estimated that it will cost 125,000 builder, and prepared by D. J. Lev. inson of Jamaica, architect, who and the Simmons Bed Corporation, Manhattan.

The Simmons Bed Corporation, Large Gties Notes Bet estimated the cost to be $22,500. The completion of Patchogue's first modern apartment houses during the past week marks a big Owner and architect, Albert Singer of Jackson Heights, will erect ter Market for Realty which has absorbed the Berkey Gay Furniture Company and the to Be Under Way, Says Queens Developer stride in housing accommodations to construct. five two-story brick dwellings, each Huntley Company, require 70,000 on a plot 16x39, In 62d St, west side, Mr. Schloh. "The greatest develop.

According to a statement Issued In the old Suffolk village, where considerable building activity and real estate business is expected dur Bauare feet for their needs. These Reports made to the National As 321 feet south of 65th Place, Mas- ment Queens has ever witnessed Several groups of one and two-family houses were listed the first week of March. The largest of these is in the Jackson Heights section. On the east side of 69th south of sociation of Real Estate Boards from peth. The cost of construction is yesterday by Henry L.

Schloh, secretary and treasurer of the Rego where well-known firms have opened expensive showrooms for tha display of their cars, is another evidence of the progresslveness of tha district." Predicts Gradual Increase. New subway extentlons are bound to increase land values in every neighborhood through which they pass and the Park Slope Is one of the localities to be benefitted in the program of enlarged transit accommodations. One of the new lines will run along Smith and 9th sts, thenca over the Gowanus Canal, around the corner of Prospect Park and finally linking up with the Culver line at Cortelyou rd. Part of the territory through which the routa passes Is filled with old one and two-family houses, while the section near the park is devoted partly to apartment houses. Naturally, many of the older structures will be torn down to make way for more modem has been within a one-mile area, ing the spring and summer seasons estimated to be $25,000.

its mortgage councilors in 75 cities between Woodhaven Boulevard and The two buildings are located at Continental and for a dhv the corner of Church St. and Rail northern Boulevard, the Apex nomes, inc. win Build 18 2-story tance of 3,000 feet south of Queens Boulevard. More than $15,000,000 Park Construction Company, building construction valued at about $5,000,000 will be started this spring within a one-mile area along road Ave. and are controlled by the Mortgage Holding Corporation oi of the United States show a definite turn from the "tight" conditions on financing which all business expert-enced following the stock market break and during the preceding ones aweuings, eacn ror two families.

They are to be 19x62 feet, with Board Backs Bill to Change has been spent in this section in arntttntr rtno-familv VinmAS onri Mlneola, which took over the con struction last fall from the Hunt siag roois, steam heat and all lm Queens Boulevard, between Wood- apartment houses during the past Ington Apartments. Inc. Both months of high call money. provements. It Is estimated that tenants are to occupy building No.

6 of the Gair group. To Start Work On 200 Homes For Merrick New Colony Is Making Big Headway To Begin Excavations March 17 The market for good real estate Buildings are of English manor two years," Mr. Schloh said. Among the larger construction haven Boulevard, Rego Park and Cqntinentlal Ave, Forest Hills. The tnis group will cost $177,000 to con struct.

Morris Rothstein of Brook style architecture with a first floor mortgages, however, is clearly shown of brick and the exterior flnish on by the reports still to be larger than lyn is the architect. The building construction company has spent millions of dollars during the past the remaining two stories of stucco, the supply of funds available corporation is a local one with of Tax System Boro Realty Brokers Join nces at 37-40 82d St, Jackson live years to develop the Queens set off by panels, with tile roofs. The larger of the two Is located neignts. Boulevard section. through Insurance 'company loans, building and loan association funds and mortgage loan the large channels for building structures, which always follow im brlck apartment, Among the millions to be spent on Church St, which has 16 apartment suites and Is now being leased in construction work along Queens State Croups in Advocat ing Survey while the smaller, containing 12 wm De erected in 59th west side, 200 feet north 37th Ave Woodside.

The builder is Louis proved transit facilities. Three Lines to Meet. In the downtown area there will be constructed one of the biggest Boulevard this spring will be To get an accurate measure of 15-story apartment house to be suites, is located on Railroad Ave, Just around the corner. They are Excavation work will start March uoiaiarQ or jackson Heights and tha erected in Forest Hills by Cord The Mastick-Pratt bill providing complete In every way, including subway stations In the city. This Meyers, prominent Queens developer.

arcnuecc is Allred D'BIasi of Corona, who estimated the cast to he us nnn 17 on 28 houses in the Fox-Frankel development, Merrick Gables, at Mprrick. L. I. This will be the first what change there may have been in the last few months the association sent out telegrams to the men selected as its mortgage councillors in various cities of the country and win De located at Schermerhorn and work done during the past two years within this area are: The Cord Meyer development of 100 high class one-family homes, selling at $20,000 and upward each; 200 one-family homes by Gatehouse Brothers; 400 one-family homes by the Rego Park Construction Company, 150 homes by the Kindred Construction Company; 150 homes by John 170 houses by the L. B.

Construction Company; 75 houses by the Otter-stedt- Construction Company; 100 homes by Miller Young and 120 houses by the Mezick Corporation. In additipn to these homes a number of apartment houses have been erected during the past two years. Foremost among them Is the Holland House, erected by Shell Ball, on Queens Boulevard, near Austin which quarters 200 fam electric refrigeration. Janitor service, tiled bathrooms and kitchens, The Rapond Improvement Cor for a comprehensive survey of State taxation by a mixed commission has met with tha approval of the Brook The apartment house will Include every modern improvement, and is expected to cost approximately etc. The success of these two, It Is believed, will lead to the erection of part of the program of 200 similar dwellings to be erected in the locality during the year.

asked them, "Is the real estate Hoyt sts. All three of the lines now under construction one from South, Brooklyn, another along Fulton St. and the third, the crosstown lino from Long Island City will meeS $2,000,000. Charles I. Hausman, lyn Real Estate Board, which yes other similar structures.

president of the Rego Park Con credit situation any easier in your community now than it was two or Several Important changes are The Title Guarantee at itusi struction Company, has also an terday announced that, together with the New York State Associa also going on In the business sec three months ago?" Company has approved first mort nounced that his company will start work soon on an 80-famlly apart tion. The front of the Kollner gage loans for tnis entire group tion ot Real Estate Boards, It had at this one point. Thia improvement, coupled with the plans fof widening Schermerhorn, Smith and Jay sts, will transform this section poration or Brooklyn will erect a two-story brick business building on plot 75x101 In Fresh Pond Road, east side, 125 feet north 68th Ridgewood. The plans were prepared by J. Lubroth of Brooklyn, architect, who estimated the cost at $60,000.

Plans were filed for six two-story brick dwellings, 20x30, to be erected in 78th west side, 420 and 520 feet north Juniper Valley Road, Middle Village, by Parkville Homes, market on E. Main owned by Reports From Many Cities Telegraphic replies were received ment house on 63d Road, near totaling approximately $140,000. Merrick Gables Is entering its Charles Burd. Is now In the proc been advocating such a study for the past few years. Queens Boulevard.

The new apart from 104 cities of which 63 reported ess of reconstruction. The old Into one of the most active In tha third year of development, dur This is a most important and that there had been Improvement in the credit situation. The degree of ment' house' will have a frontage of 200 feet on 63d Road and will be near the Rego Park station of the ing which time approximately 325 homes have been sold and boro. Close by Is our largest shopping center and theater district, and only a few blocks away Is our con needed step," the Board's statement reads, "for there is no doubt that frame front Is being replaced by a brick one and the restaurant on the back about 12 feet Is being enlarged so that It will be flush with improvement noted varied all the ilies. The Rego Construction Company has erected three apartment houses, each holding 70 families, while the Cord Meyer Company has Long Island Railroad, our present system of taxation is stantly expanding financial area.

Other buildings to be started soon Perhaps the most notable trans the property line, the second-story uuuuers, oi Kiagewooa. Tne architect is Charles Baler of Howard Beach. The cost of construction is will Include 300 one-family homes LEASES LAKE PLACID HOTEL The Lake Placid Corporation, of erected 10 apartment houses along iront also being or brick. uneconomic and Inequitable. At the present time the State has 21 sources for producing revenue and of these 21 sources real estate alone along Woodhaven Boulevard by Queens Boulevard, Austin St.

and way from a slight easement to a decidedly Improved situation. Thirty-three observers reported that the situation as yet was uncharged in their communities. Eight state that the situation in their cities lias become more acute. formation will be along Fulton st, for not only Is the new subway being built but we have a deflnita estimated to be $36,000. Pherbus Kaplan of Jamaica: 98 one Further down E.

Main St. the former two-story building owned by which Walter RuKeyser is president, has leased the Grand View Nine two-and-one-half-story brick family homes by Rothman Eng Continential Ave, each house having a capacity of 60 families. The Queens medical center is also in produces more than 73 percent of bnarp Calia Is being Improved lish and a number of and cottages at Lake Placid, N. and made Into one large store unit the tax money collected. This has placed an unfair burden on home to J.

J. Sweeney, who purposes this section. homes by the Rego Construction Company. "Slightly easier" is the phrase oc- promise that the elevated structura Is to be removed. Already the big department stores such as Abraham Si Straus, Namm's, Loeser'a and Martin's have been making changing the name to the Highland With the completion of the oweinngs, each on a plot 36x38, will be erected in 230th northwest corner 135th Laurelton.

Plans have been prepared by James L. Musson of Jamaica, architect, and filed by Laurelton Homes Company curing most frequently in the re 'The rapid rise of real estate Park club and will conduct it as a owners, manufacturers, farmers and other large users of real property Queens Boulevard subway which is 36x36. The front has been modernized, the Interior strengthened with steel girders and flreprool walls of hollow tile built. Pro ports. "Greatly improved," "satls- values along Queens Boulevard had ana there is certainly plenty of summer resort along the same lines as his winter hotel at Aiken, S.

C. been more than remarkable," says Please Tarn to Page t. room for Improvement in this vision Is also made for the later now under construction this section must continue to gain in valuation and In Its development. This section Is the central point of Queens," Mr. Schloh said, "and economics oi uamaica, miuaer.

Cost of construction is estimated to be $90,000. construction of a reoalr shop in the The total value of the State's MAYFLOWER COUNTRY CLUBHOUSE ar, the plan being to rent this taxable real estate is roughly about Fire Department of the City of New York will erect a two-story extensive Improvements. There are already three large theaters in thla section the Paramount, the Fox and the Albee and undoubtedly others will be added as time goes on. Further out on Fulton st. many of the older buildings will be torn down and their places taken by larger structures, so that In a few ana wniie it is im will force the developments toward it.

Queens Boulevard is a 200-foot roadway, Woodhaven Boulevard is possible to quote figures to show the total of other forms of wealth 150 feet, Nassau Boulevard 160 feet years time Fulton st. will undergo a complete change. it is fairly safe to assume that all personal property, both tangible and intangible, has a value of at least three times that of realty alone. Yet on this assumption one-fourth and Junction Boulevard 80 feet, and all these roadways surround this area. It can be reached in 15 minutes from Manhattan by the 59th A great amount of rebuilding will for automobile display purposes.

In west Patchogue one of the largest garages In this section has just been completed and was leased this week by a firm made up of Edward Baker, Raymond Hanklns and Matthew Donofrio. The building, erected by Frank Mancuso, has a frontage of 75 feet on Main St. and a depth of 78 feet, with an office building adjoining that is 42x24 feet In area. The building Is of steel frame and brick construction and complete in every detail. The enactment of a building and plumbing code this year and the of the State wealth (real estate) St.

bridge or the proDosed Tri-Bor-ough bridge or 38th St. tunnel, and contributes three-fourths of the also follow along the route of tha Crosstown line, which, Incidentally, will give downtown Brooklyn its first direct rapid transit link with Long Island City. State's taxes. there Is no question In my mind It is absolutely necessary that when the various sections in Queens stop flehtlng over the location of a civic center, they will agree on a the various sources ot revenue to uncK lire nouse, 36X68, in 14th Road, north side, 50 feet west 120th College Point. The architect is John J.

Sliney of Brooklyn and the cost is estimated to be $70,000. Another fire house, 36x89, will be erected in Princeton south side, 85 feet east Liberty Ave, South Jamaica. Same architect and same cost. Letab Realty Corporation of Elm-hurst has filed plans for two two-and-one-half-story brick dwellings each on a plot, 20x38, to be erected in 32d Ave, south side, 70 feet east 166th St, Flushing. A.

F. Brems, architect, of Corona has prepared the plans and estimated the cost to be $13,000. Seven one-and-one-half -story frame dwellings, each on a plot 19x 44, will be erected in Beach 126th St, north side, Boulevard, northeast corner Beach 127th Belle Harbor, by Rock Harbor Corporation, illltoa H. Ansorge, president, of Plans for New Routes. The Board of Transportation now has plans for more subway lines- site near this area, for after all It can be reached within 25 minutes from any section In Queens." the State be studied carefully and adjustments made.

Undoubtedly some of the taxes are too high: In other cases they are too low, so that an attempt will have to be made to anpolntment of Ernest E. Petty as such as the one along Utlca ave, the Nostrand ave. extension and Building Commissioner Is already having a beneflclal effect on the the new lines across Queens to the FI.l'SHING HOME SOLD determine Just what proportion of type of buildings now being erected the total revenue should be as Rockaways. Every one of these new routes is needed, and, although Here is the architect's sketch of what the Mayflower Country Club proposes to build at Huguenot, Staten Island, a number of whose members reside in Brooklyn. The house, Dutch colonial In design, will contain all the features of a modern clubhouse, including a large assembly room, restaurant, lockers and showers for golfers and there will be ft plot adjoining the bouse for tennis courts.

Nearly three-fourths of the 27-hole golf course of the club is now completed, and, according to many golf enthusiasts who have visited the club grounds, it will be one of the best laid out courses in the Metropolitan area. The board of trustees consists of M. Gerard Golden, M. Joseph D. Fitch, William A.

Morris, Bertram G. Eadle, George Mord, Franfc B. Ster ner, George L. Knight, Arthur S. Russell, J.

W. Hooper, Senator Thomas J. Walsh, Thurman B. Glvan, M. Wallace J.

Johnson, Frank H. Morse, William B. Tatum, M. H. O.

Cadwell, John A. Lynch, George A. Ostergren, August E. Hansen. Each member of the Mayflower Is a direct owner and holds an equal equity in the club's property and asset.

in the village and another advanced step was taken this week there is still some discussion as to Just how these lines should be con Hub Realty Company and Fred-trick P. Cody, Jackson Heights realtors, sold for Golf Building Corporation the one-famllv brick dwelling 148-38 24th Flushtntr. to John end Elizabeth Reiser of Manhattan lor occupancy. when a village ordinance was passed providing for the examina sessed against the various tax producing sources. It is a problem that will require time and effort, but it is one that must be solved if the New York State is to retain Its supremacy." structed, there seems no doubt that tion and licensing of all plumbers they will be built within the next few years.

doing work here..