New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-29
Brooklyn Fertile
Field for New
Housing PA,
Cooperative Ownership u
Making Good Pro5,.']
Because of Low VaIn.]
and Attractive pIN]

That most city apartment :,
will be owned on a cooperativ. w.
before the housing crisis passes :.
view expressed by many act;v. y
estate men. Some of them look fl, II
extension Of the plan to most b,,i.y
properties too, with the result .t.y0
the course of few years Nsm
will be a city Of tenant-owned hnS
ings.
Two splendid results are loo..a
from the extension Of the coons,,.I
housing idea: the release Of cra..
OF money which probably viii h.
invested in new construction ana
greater interest in local governrsa
conditions on the part Of thoss
now are tenants and who have bsr.
that sVcn matters belonged soIsis
the landlord. n all the lon1 nast
hats became the common housn.
New York, taxes, assessments bnS-J
and the like meant absolutely nots.J
TO the average man who paid mis- "a
about the first Of each monts
thought that he had fulfilled hi. -
as citizen. From now on he il ,o:sL
to take much more interest in 80
politics, tax rates, salary increasss III
all the rest of the things that 90 81
landlordism, for he likely viii h. 4
landlord himself on a small scala
Brooklyn Ready for Plan l
According to the observations O. Al
firm of Marion e. Vogel, who have bssl
busy during the last TWO or three vs,,l
ccnsummating cooperative hou,,I
propositions, Brooklyn is much ma,E
ready for that kind Of ownership I'll
are the other boroughs. The firms ~
pnriences cover the Bronx and Nj,
haitian as we'll as the borough scru1
the East River and they are satistIN
from their results in the three sec,iO,H
that Brooklyn not only is the b.I
field for such work but that the Ill
OF ownership which has been works&
out there IS the most practical
Most people who have lived in Brood.
Ign for considerable time have at "a
period or another owned their u
homes, and perhaps II is for tina. nj
son that Marion G. Togel find it est
Ter to obtain interest N cooperasx
housing than among those WHO alwsu
have been tenants. Then, too, the avg{
age cost of apartments in Brooklyn n
somewhat lower than in the other n
fat can be purchased on a lower basil
Of cost, and the carrying charges I'D
not 80 great. OF course, Brooklyn hs&
few massive buildings like those whh4
are now being offered in ManhatnS
the common type OF Brooklyn spsnS
ment being a four or five story buiA
ing without an elevator. "A
1t is in This latter type Of buidi4
that the firm has specialized, and lid
efforts have been rewarded generousd
They say that many Brooklyn famii4
are glad of an opportunity to purchi&
such homes, where they know they wi
be able to live permanently and fru4
which, in the course Of time, they vii
obtain return OF their investment i
the way of lower rent while still n
tanning ownership OF their property
Group of Bedford Ave. Flats Sold
Perhaps the most notable success
Brooklyn so far is the co6peratvf
selling of the group Of four-sm7
buildings on Bedford Avenue betw9l
tiONi. anu NdIIOli SllSSlS, uppVeAeu
the armory of Troop c. Each hoea
has sixteen apartments, OF which ID
are being sold and SIX retained to pf
the installments on the mortgages
they fall due, and the various carry1
charges. For time the owners
the apartments will have to help VIII
these expenses, though the amo4l
they are asked for Is only small pal
ton of what they would be asked
pay as rent. But as the plan wod
out and the mortgage Indebtedness
paid off, after a period of five yeaY
the cooperative owners will have I'D
homes at rentals ranging from S1
to $3.50 q room for suites Of four ~
five rooms each
Such plan generally adopted vi
mean that a majority Of pecph M
are willing TO share the responsiblasJ
of ownership Will live at the expsuf
of minority who will not