New-York tribune., 1919-06-08
Demand for Homes
From Near and Far
Company That Will Build at
Laure!ton Hears From Manv
HOmeseekers

That the demand for homes is a re
one has been demonstrated by the sue
cess of the offering of apartments and
detached homes for occupancy October
l by the Fathron Homes Corporation
at urelton, l.. L." said Harold G.
Aron, of that company, yesterday.
The apartment houses originally
projected by this company have been
insufficient to meet the demands of
prospective tenants, and the company is
broadening its operations to meet this
demand The same thing has proven
true of detached homes, and inquiries
for these have come not only from the
city OF New York but from other states,
far as North Carolina.
The apartment rentals have been
fixed at $40 room, and the apartments
themselves so designed that each room
has an outside exposure, with four
apartments to a house, the buildings
being of residential type in square
one block from the Laurelton station,
surrounded by fine old trees and nat
ural advantages seldom available in
apartment house construction. Each
apartment will have it's own garden
and garage, if DESIRED and every con-
venience for modern housekeeping will
be included.
"Under the company plan for home
building any homeseeker with 1000
and satisfactory references can select
his own site and have a home built to
his order from plans especially made
for him, to suit his particular taste
and requirements, the balance, if de-
sired being payable on a monthly
rental basis. Owing to the very great
demand for homes and apartments and
the limited time for their construction,
no leases or orders for houses will be
accepted by the company for occupancy
October l unless the prospective tenant
or purchaser has selected his apart-
ment or agreed upon plans prior to
July l."
In explaining the purpose of the
corporations one of the officers said:
"It is neither a profteering nor phil
anthropc enterprise. We have care
fully studied the situation as to the
cost of construction and we are con-
vinced, and proceeding upon our judg-
ment accordingly, that there will be
no apprecia BILE difference in the cost
of construction for several years to
come, and we believe that we have. to
considerable degree, met the present
increased cost of production by adher-
ing to the schedule of prices at which
over $1,000,00O worth of this property
was sold twelve years ago. In other
words, while it is probably true that it
now costs from so to so per cent more
to build house than it did five years
ago, we are able. by putting in the
land at the old schedule of prices, to
offest any lowering of cost of CON
srucion which may come a hte end of
the next four or five years. In addi-
tion the purchaser will have had his
home, with consequent saving of rent,
and have gained the appreciation in
value which will come through the
development of this artistic, high class
suburb within twenty-five minutes of
the heart of New York City, and itself
part of New York City.
'ln addition, we expect, through the
experience of our organization and its
buying power, to purchase economically
in the material market, and this will,
of course, inure to the benefit Of pur-
chasers. On the whole, hereforet, we
feel sure that the public is justified
In the confidence which it has shown
by their ready acceptance OF our offer
ing Of apartments and houses"