davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-10-23
Capital Is Looking Kindly
On Building Projects
Shows Inclination Now to Back
Home Construction. Which Is
Cood News. Say Brokers

Money for building purposes seems
to be more plentiful than for some
time back. Reports indicate that the
feeling of capital toward backing the
operations of home builders is more
encouraging than it has been for sew
erai weeks. which is accepted by real
estate men as meaning turn that
should be reflected shortly in a large
Increase in the number of new prof.
ects undertaken
Support is given to the unattached
reports by S. w. Straus g. Co. who an
nounce that in the last few days they
have advanced S5085000 to builders to
carry through apartment house i'm
provenients in various cities of the
country. The statement says that cap
ital is now flowing steadily into build
ing fields.
The operations which the Straus
firm has financed are 2 East Eighty
eighth Street, New York, $3.50 600; the
Cecil apa tuent building, st. Louis,
S2.70o,o00; the Chase apartment build
ing, St. Louis, 100000; the Chester
apartment building St Louis, s40O ,0o0;
the University apartment building,
Pittsburgh, S70oO00, and the Caryl-
court apartment building, Chicago,
1885 900.
New-York tribune., 1921-10-23
Yonkers Real Estate Men
Organize Own Board
Thomas Burke Selected to Head
New Body; Will Work for
Interest of CITY

Real estate men of Yonkers have or
ganized a local board of brokers, which
likely will join the Westchester Cou.i-
ty Realty Board. The growth of Yonk-
ers as business and residential center
and the resultant increase in property
va ues have made necessary the organi-
cation of property interests for their
own benefit and for the good of the
city.
Thomas S. Burke was elected presi-
dent of the board; Edward c. Hea.u,
ice-president; Fred Kampfer, secre-
tary, Benjamin McGrath, treasurer.
The executive committee elected con-
sists of Edward P. Baker, P. F. Chris
topher, Edwin J. Goodhart, M. A. Brod-
erick, John H. Clancy.
Neny members of the Westchester
County Realty Board attended the
meeting. George Howe, president of
the county board, addressed the meet
ing. At the meeting Edwin j. Good
hart acted as temporary chairman and
Fred Kampfer-as temporary secretary.
Among those present Were George
Howe, of Rye; George B. Corse, of New
non; Stephen l.. Angel, of Scarsdale;
Mr.. Drummond, of New Rochelle; Mr..
Dixon, of Tuckahoe; Mr.. Name, of New
York; William N. Mills. of New York;
Gregory j. Battock, Guy Short, John H.
Clancy. George Bruce, Edwin J. Good
hart, E. 2. Baker, Thomas S. Burke,
Mr.. Holden, representing Liggett-, &
Radcliffe; c. Gaul, M. U. Gaul and Fred
Kampfer, representing Gaul e. Kamp-
ger; Mr.. Courtney and Mr.. McGrath,
representing Fish & Marvin; p. Y,
Christopher and Edwin C. Head
New-York tribune., 1921-10-23
New Home Settlement
Planned for St. Albans
32-Acre Tract Next to Golf Club
To Be Subdivided Into
Small Plots

The Stability Realty Company, NJ.
Morgenthau jr., president, has pur-
chase from the Lynmar Realty Com
pany, Daniel E. Lynch, president, a
tract of thirty-two acres fronting on
the Merrick Road, at St. Adams, L. /.
The property adjoins the St. Albans
Golf Club. The M. Morgenthau Jr.
Company has been retained as develop
ment and sales agents; Alfred H. Wagg,
vlce-president of the company. will be
in personal charge of the development.
This is the first venture in communi-
ty development work of the Stability
Realty Company, although it has been
interested in land projects at Edge
mer, Far Rockaway and Woodmere, L.
l., with Mr.. A.orgenthau's father. who
is Largely interested in these sectors.
Mr.. Wagg developed Malverne, l.. l.,
about two miles south of st. Albans,
near Lynbrook~ Mr. Wagg also has
successfully developed land in the
neighborhood of Palm Beach, Fla.
1t is proposed to Immediately market
the Merrick Road frontage of the st.
Albans property, which is unrestricted
and Immediately available for business
and apartment construction. Several
plots have already been practically sold
and it is expected that construction
New-York tribune., 1921-10-23
Savings Leagues
Now Get Support
OF Business Men
Reports Show Chambers of
Commerce Are Urging
Thrift Ell a bit Because
of Its Local Effect

Chambers of Commerce and other
civic organizations in several cities
and towns Of the state are taking sr
active interest in the extension of the
work Of savings and loan associations
in their sections Archibald W. Nc
Evan, secretary of the State and Met
ropolitan leagues, said yesterday
Some time ago the White Plains
Chamber Of Commerce got behind the
local association in an effort 10 in
crease its saving members, and splen-
did results were shown.
"rhe latest drives of these assocfs~
tions IN Troy and Middletown had the
Chambers of Commerce of these cities
behind them and resulted in hundreds
of members being enrolled.
"Civic organizations are steadily
awakening to. the fact that these saw
ings and loan associations are of in
calculable value, as every dollar Of
their funds goes to the upbuilding OF
the community-none of it goes out o.
town. to emphasize my statement
Thus, the thrift plan of systematic
saving is appealing. The associations
have g combination OF altruism and
sound business-in this they stand
unique .among the institutions under
the jurisdiction of the State Banking
Department. 1t is interesting to note
finally, as showing these associations
help the housing situation in the small
home direction, that the average mort
gage in this state is around $4,000 ano
that no loan is made for speculation
Herbert Hoover stated in letter to
our United States League that every
good citizen should support these as
Sociatiovc
New-York tribune., 1921-10-23

ers and of the Fifth Avenue Associa-
ton, Inc. the board Of appeals granted
the petition.
PURSUANT to the associations par
ticipation in all matters affecting the
coming law in the district covered by
the associations activities, the board
OF directors of the association author
lied the institution of certio1ari pro-
ceedings to test the validity of the de-
cislon of the board of appeals. and
Robert H. Koehler, of 81 Wall Street,
instituted an action in the name of the
Forty-hrst and Park Avenue Corpora
tion, and writ of certiorari was OBJ
tanned from Justice McCook of the Su-
preme Court.
Until the merits Of the action of
the board of Appeals have been decided
upon in the S-preme Court, further
steps will be taken to prevent the is
suance of a permit which will allow the
erection Of the twenty -two-s story build
ing which the Pershing Square Corpo-
ratlon desires to construct without the
setback requirements of the zoning
regulations"
New-York tribune., 1921-10-23
Sale Will Place 2l7
Sites i'm Builders Hands
Tract Near Soldiers Monument
To Be Offered at Auction
FarIv Newt nsunsh

Development of Jamaica Bay as an
auxiliary OF the port of New York will
add to the Importance of Jamaica
which has come since it was made the
hub of transportation on Long
Island.
This Improvement is expected to
bring about the development of all that
sect on of Queens lying between ia
maica and the bay front wheSe
already q large number of residential
coIonies are developing into villages
and towns
Because of the topography of the
land, that district of Jamaica lying
just north of Hillside Boulevard has
been developed into modern resi-
dental section of high order.
Auction sales and the efforts of land
developers have attracted many home
builders to the section, leaving cosa-
paratively little territory for future
building projects. Another tract in
this section OF Jamaica is to be sub
divided on the evening of November
2, when Joseph P. Day VIII sell at
auction II lots near the Soldiers
Monument. The property is on Pros
pect Hill on Flushing Avenue, Ocean
view Avenue, Terrace Avenue and ad-
jacent streets. The sale is to be held
in the Brooklyn Real Estate Exchange,
1S9 Montague Street,
New-York tribune., 1921-10-23
Persf'ing Square Building
Project May Be Stopped
court Asked to Pass ON Board of Appeals Decision
Amending Zonng Regulations in Favor
of This Structure

ihe course Of the Pershing Square
Corporation, which plans to erect q
twenty two-story building, without
setoacks, on the Park Avenue front of
the site of the old Grand Union Hotel.
is not clear by any means, according
to the Fifth Avenue Association. The
association has asked the Supreme
Court to review the decision of the
BOARD OF appeals in passing favorablv
on the proposed Improvements, which
Is contrary to the setback provisions
OF the coming regulations. While
waiting for the decision of the court
as to whether or not the board of ap-
peais had the right to override the
zonlng regulations in this respect, the
FIFTH Avenue Association said vester-
day that it has taken steps to pre.
vent the Issuance OF permit by the
building superintendent for the erec-
ton of this structure.
The Forthcoming legal actions are
the latest developments of long dis
pute between the owners of the OLD
hotel site and the, Fifth Avenue Asso-
citation on the question of setbacks in
the facades of the structure above a
certain height. The Fifth Avenue AS
scclation III statement issued yes
terday said:
The association opposes the appu-
catlon merely on jurisdictional grounds,
IL nelng the contention that the Board
OF Estimate and Apportionn.ent of the
City of New York is the only bodv
which has the right to amend the ION
ing law OF 1916, and that the bo ard of
appeals, by virtue of the legislative
act that created it, has merely the
power to make certain variations, but
In no way has it the power TO modify
or amend.
"In December of 1920 an application
was made to the Board of Estimate and
Apportionment for the same author tv
granaed by the board of Appeals. The
application was withdrawn when the
borough President OF Manhattan was
about TO make a report on the question,
Refused by City Plan Committee
An application was again made by
the same petitioner to the Board of
Estimate for the same permission, in
February, 1921. The matter was re-
ferred to the Committee on City Plan.
and after the chief engineer Of the
Board of Estimate had made an ex-
haustiye report recommending the de-
nial of the application on the ground
tnat mere were no great engil eerlng
problems that could not be overcome,
ard on the further ground that the peti-
toner should not be permitted to dis
regard the height regulations, calling
attention to the fact that under the
contract of sale between the City of
New York and the petitioner the prop
erty was sold subject to the ming law.
this application was withdrawn after
the report of the Committee on CITY
Plan was presented to the Board Of
Estimate.
thereafter the petitioner applied to
the board of appeals for this peruis-
sion, and on June 21, 1921, in spite
OF the opposition of number Of the
interested and affected property own
New-York tribune., 1921-10-23
Realty of Pioneer Builder
I'm the Bronx To Be Sold
Vacant Properties of Ephrairn
Levy To Be Offered to Seek
ers of Home Sites

The realty holdings in the Bronx
of the Regent Realty Company, Ephraim
B. Levy president, will be sold at auc-
ton by Bryan L. Kennedy in the vesey
Street salesroom on Wednesday, No
vember 2. MIR. Levy for over thiMy
years was q pioneer builder in the
Bronx.
The properties to be sold include
twenty-seven lots on Sedgwick, Under
cliff and Popham avenues, between
l76th and 177th streets, in University
and Morris Heights sections; 150 lots
on Morris Park Avenue, White Plains
Avenue, East 180th Street and adjacent
streets IN the Van Nest and Union
port sections; forty-seven lots on Nor
ris, College and Teller avenues, be-
tween 169th and l72d streets, opposite
Claremont PARK; fifteen lots on Wood
lawn Heights, opposite Van Cort andt
Park, 23Sth to 241st street, and seven
enteen ACRES of waterfront property on
Eastchester Shipping Canal, opposite
Pelham Bay Park, at end of Eastchesser
Landing Road.
The lots are situated in fully i'm
proved and residential sections, with
fine transit facilities.
New-York tribune., 1921-10-23
Builders TO Get Big Tract
On Cross-Bay Boulevard
3z5 Lots ON Woodhaven Ave.
Near Jamaica Bay To Be
Sold at Auction Saturday

On the line of Woodhaven Avenue,
which is to be widened to 100 feet and
extended by 51s miles, ape 375 lots
which are to be sold at auction on
October 29 on the premises. Wood
haven Avenue is TO be heightened to
connect with the Cross-Bay Boulevard,
connecting the Woodhaven section
with Rockaway. Joseph P. Day says
he will sell the lots for what the pub
lie is willing to pay.
In addition to Woodhaven Avenue
the lots front on Pitkin Avenue, 135th
and 149th avenues, Ninety-fourth,
Ninety-fifth, Ninety-sixth and Albert
streets. They are close to Jamaica
Ray, the Lefferts Avenue al" and the
Rockaway Boulevard electric surface
line. Howard Beach is near by.
This is the first large sale at auction
of land along the line of the new
Cross-Ray Boulevard
New-York tribune., 1921-10-23
Realty Men Urged
To Help President
I'm Housing Problem
New Construction Would
Overcome Unemployment
Surplus, Which in Turn
Would Help All Classes

CHICAGO, Oct. 22.-Methods by which
realtors may lend great assistance
to President Harding and Herbert
Hoover. Secretary Of Commerce, in
their efforts to relieve the general
condition of unemployment and stimu-
late action in the building industry
were outlined in bulletin sent to-
day to the presidents of the 385 local
by Irving b. Hiett, Of Toledo, presi-
dent of the National Association of
Real Estate Boards.
This is the realtors opportunity, y
Mr.. Hiett's message said. activity in
the building industry will provide en-
ployment for hundreds of thousands.
Relief would be afforded to the acute
housing situation. Millions of dol
lars a day, paid in wages, could be
used TO buy products of farm and
factories and SO bring employment to
men and women in other fields"
In pointing out the pathway TO oh
tain this result, Mr.. Hiett said:
Persuade your local authorities to
establish q special committee on build
ing activities Instruct your commit
tee on Federal cooperation to survey
the building situation. The costs of
labor and material that enter into
building should be brought to harmon
ize with the lowered level of the build
ing materials that have reached q fair
price. Turn the white light of pub
licity on lines that persist in maintain
ing unjustifable prices and bring all
pressure available to bear for proper
readjustments of selling prices.
Urge building and loan men and
savings bank officers to provide addi-
tional capital for construction work
If sufficient capital is not obtainable,
organize building and loan associa-
tions in your Offices. Use publicity to
urge. the public to deposit funds in
New-York tribune., 1921-10-23

Before the days of zoning the head
of family would be forced two or
three times to sell cut his private
home because he was pushed out by ad-
vancing stores or apartment houses
Then he would usually move to New
Jersey, Long Island or Westchester
County and New York would lose
good citizen.
home owner takes an intelligent
interest in local improvements, mu-
nicipal expenses, schools and neighbor-
hood welfare. A city made up Of own
crs Of small homes is likely to be a
well-run city. Until New York adopted
the zoning plan there was no encour-
agement for small home owners inside
of the city limits. Now the owner Of
& small home is better protected in
many parts Of the city than he is if
he goes out into suburban villages.
Small detached homes are springing
up rapidly in all Of the outlying bor-
oughs, but especially in Brooklyn and
Queens. One reason for these small
homes is that the home owner now
sees that in residence locations ne is
protected against an invasion OF
stores, small factories and garages. In
the %" and "E" districts he is safe
from large tenements and apartment
houses. He is willing to put his earn
ings in the equity of small home and
pay off his second mortgage by install
nlcnts because the zoning plan has les
sened the dangers that would wipe out
his equity in his home.
!. Value Attaches to Protected Land
When the "E" zones were first es-
tablished it was thought they would be
limited to the localities of the wealthy
who desired exclusiveness for their
private detached homes. On the con-
trary, new "E" districts have been ere
ated to protect the small homes of
people of moderate means. This is the
case in Glen Morris, Queens, where g
new "E" district is rapidly building up
with the homes Of che best sort of citi-
zens who are not wealthy. Land values
do not suffer by making appropriate
localities "E" districts. On the CON
trary, there is demand for such pro
tected land.
The wholesome surroundings of q
small one-family house are great as
set to the city. Children can grow up
among the best surroundings without
the need of tearing dewn existing
buildings to create Fairgrounds, as the
city has been compelled TO 40 III con-
gested neighborhoods. An abundance
Of light and air is one of the best as
surances for bringing up sound and
healthy family. In the long run this
means the production of good citizens.
Perhaps the zoning law will help to
bring it about that city-raised families
formerly been credited to country
raised families. Instead Of being un-
attractive to the workingman New
York is gradually becoming one Of the
most attractive cities in the world.
New-York tribune., 1921-10-23
Homes for 1000 Built
Ip Queens This Year
5000 OF. l0sl8l Building Per.
mits for Dwellings,; Many
Flats Also Finished

Inc Greensboro Chamber of Co,A-
merce reports that homes for more
tnan 10000 persons have been COM
pleted sin Queens during the first nine
months OF the year. In q statement is
sued yesterday the Chamber says:
of the more than 10000 permits for
new buildings during that period, ap-
proximately 5000 were for dwellings.
This includes single-family houses. two
and three-family houses, of which there
We're a large number, and apartments.
OF which there were not few. So that
II IS safe to say that in each of the
5000 dwellings completed at least FIVE
persons live
each of the nine months of this wear
the estimated cost of the buildings
are:
New-York tribune., 1921-10-23
Cost of Construction $f2,5OO
Architects Specifications


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New-York tribune., 1921-10-23
Home Buying in Brooklyn

Brooklyn has been an active section
of home-building for the last several
months. In the easterly Flatbush Sec
tion large number of houses has been
erected N East Forty-eighth and East
Forty-ninth streets ard Schenectady
Avenue, between Avenue d and Foster
Avenue, reached from Manhattan By
the Interhoro subway and by trolley.
Forty of these homes have been sold
within the last two months. The houses
are of the semi-detached type and
equipped with modern improvements
and are tax exempt.
New-York tribune., 1921-10-23

Vindo,cs Are More to a House
Than lnlets for Light and Air
SIC, Shape and Placement of Openings Are Inn
portant Essentials in Architecture Of Small
Homes; Big Windows Are for Shops

oan erence between hitched-on after
thought and a real factor in the de-
sign and charm of the house. In
sonspicuousness is gained more by
nsrmonious treatment and incorpora-
tion into the general plan than bv
adding the porch on after the rest Of
the plan has been worked out. Che
small-paned windows are real help
IN planning for these very convenient
and very. modern requirements, The
window known as ''top divided" in
which the top sash only IS divided into
smaller panes, is a sort of comprornise
between the charming twelve-light
windows of Colonial days and the two
iight windows OF later years, and is.
it Is to be hoped, "s good sign.n
New-York tribune., 1921-10-23
Estate of Late Frederick W.
Bruggerhof at Nnrofon SOLD

The heirs of the late Frederick W.
Bruggerhof estate have sold his old
Gothic homestead on the Post Road
overlooking the Sound at Noroton.
Conn. Besides the residence on the
grounds, which comprises seven acres.
are large barn. cottage, garage and
tower. The property has been pur-
chased by Marcus Goodbody. of l15
Broadway, who plans extensive ina
provements. The sale was negotiated
by the Jones Rea ty COMPANY.
New-York tribune., 1921-10-23

George Howe sold for Seymour Kein
his Colonial residence on Walworth
Avenue, in the Greenacres section of
Hartsdale, to H. Ebert Foster, o.
Greenwich, Conn, associated with the
J. G. White Company, bond brokers OF
this city. Also sold for the Scarsdale
Estates an English stucco residence in
Gilmore Court, Greenacres, TO J. Frank
lin Burke, who plans extensive aItera ?
tions, and leased for Mrs. Jennie
Dimond her country residence on Feni-
more Road, Searsdale, to r. J. Eipbe,
an importer
New-York tribune., 1921-10-23
Small Home Development
Proposed for Glen Head
Old Ottmann Estate Has Been
Taken Over by Company to-
Cut Up Into Lots

The old Ottr ann estate property or
the Glen Cove Road at Glen II sad, L. T..
is to be parcelied off into bui ding lots,
which is an unusual type of develop
ment for this section of the country,
where building sites are spacious. The
Warranty Realty Company, of 1851
Broadway, has secured the property
from the Ottmann estate through I. G.
Wolf. 1t fronts $50 feet on Glen Cove
Road and 400 feet on Station Road.
New-York tribune., 1921-10-23
Zoning Is Making Ne,o York
Worlds M0si Attractiue City
Regulating of Construction and Use to Which Prop.
erty May Be Put Wonderful Boon to
Urban Residential Life

work viii start before the winter sets
in.
The entire tract consists of about 48e
lots. There are about seventy-hve lots
fronting on Merrick Road ard thirty
FIVE lots fronting on. Central Avenue,
leaving over $50 lots available for home
building. It is proposed to restrict the
OTIS.
New-York tribune., 1921-10-23

The property at 340 West Nam
Street, extending to Schoo Skr4eg
x200, Yonkers, has been sold by the
estate Of Josephine l.. H. Wright to
Albert Fauser The property has
been in possession Of the same family
for thirty years. The new owner
plans to alter it into store for
lunchroom. Thomas & Burke was
the broker.
New-York tribune., 1921-10-23
Buys Mount Kisco Estate

Joseph E.. Merriam sold the Van
Tassell estate, consisting of sixty
acres at. Mount Kisco, adjoining the
Poole estate and the Del Cambre
property, to George G. Mevi, of this
New-York tribune., 1921-10-23
Cedney Farm Lots Up for Sale

Chauncey B. Griffen & Co., auc-
tioneers, will sell nineteen residence
building plots at Gedney Farm, White
Plains, on November g. The sale will
be he'd at p. m. on the premises.