The New York herald., 1922-01-08
DEVELOPER MAKES
ROCKAWAYS HUM
Many Big Projects Forced by
Increase in Population;
Homes Snapped Up.
BY LEWIS H. MAY.


The Rockaway peninsula, having a
seven mile ocean frontage in the greater
city of New York. leads the entire Bor-
ough OF Queens in increased population.
number of buildings constructed and
home ownership. which doubled itself in
the year 1921. Due to this increased
home ownership. real estate values have
been established far in excess OF any of
the other boroughs of the greater city.
The values obtained in the year 1921
are based on sound factors. The cli-
matte conditions. the committing con-
veniences and nearness TO Manhattan
are the advantages for all year resi-
dents. offering both summer and winter
attractions. as against the other geo
graphic locations in the greater city,
with no summer attractions. Numerous
modern stores have been constructed
theater and moving picture houses,
churches of all denominations, apart
ments. flats and other buildings of
substantial character, ths greater num-
Der being of fireproof construction.
brick, steel. &c. and the balance stucco.
The frame dwelling Is not in favor
with the builders developing this penin-
sula.
In NeDonslt, Belle Harbor and Rock
away Park lot values have doubled
within the last twelve months and numer-
Gus private homes have been built and
are now under construction. A large
moving picture theater Is under con-
struction at Rockaway Park and the en-
80 ocean front, where the Park Inn
Wy was located, is being developed
s.. 4 1000 room bathing pavilion of
steel and concrete. Lot values on Fifth
=
$4,000 a lot. 2ox100. The entire coast,
including Rockaway Beach, Hammels
and Arverne, has practically been alb
sorbed for all year residence purposes
and the all year population in this sec
tion compares favorably in size with
tie summer population of three and four
years past
Edgemere has a summer population Of
over $4,000 people, due to the construc-
ton of the smaller type of bungalow
house. Thousands of these have been
built within the past few years, each be-
ing occupied at rental ranging from
$500 to $1,000. At no time during the
past two years has the supply caught UP
with the demand. Lots range in price
from $1,000 to $4,000 each and in one
instance corner lot. 2oX100 near the
station. was recently sold for $4,000.
A $1,000.000 corporation was recently
formed for the development OF the
ocean front at Edgemere In the nature
OF an electric park. which will finally
be located along the ocean front be-
tween the Edgemere Club and the L.or-
raine Hotel. This park will contain
adaptations of foreign seashore resorts
A pier similar to the s1,000.0 900 one at
Atlantic City will project into the ocean
The great demand for homes In Far
Rockaway and the vicinity has caused
the absorption OF nearly every private
house in this section. which has
changed ownership for permanent oc-
cupancy. The rehabilitation of these
older buildings by the new owners for
ali year occupancy has c',ac.l the
entire aspect of Far Rockaway.
The purchasing power of the ir-
creased population has caused the busi-
ness section to expand to such an extent
that numerous streets surrounding the
station have been developed for business
purposes only. Lots on Central avenue
the heart Of the business center. are
held to-day at $4,000 each. The thirty
tapestry brick private homes erected on
the Toch property were all practically
sold from the plans before their COM
pletion at prices ranging from s22 900
to $1,000 each.
The apartment hotel on the Stiner
property, corner OF Oak street and
Broadway, plans for which are COM
pleted. will be started in the spring OF
the year at a total cost of approxi-
mately 100000.
Lawrence. Cedarhurst. Woodmere and
Hewlett are experiencing n building
boom TO take care of the present de-
mands in this section. Hundreds of
private homes are under construction
and are actively sold from plans These
dwellings range in price from $4,000
to $4,000 each.
The Rockaway Boulevard through
Nassau county from the Merrick road
which will be completed in the spring
the contemplated cross-bay road, now
under construction. and the beach
channel drive. the land for which Is
being condemned by the city, are all
potent factors In real estate activity
on the Rockaway peninsula.