The New York herald., 1922-08-13
Gain Thirty Per Cent in
First Half of This Year Low
Priced Apartments One Of
Borough S Chief Needs.

HE tremendous realty activities
which began in 1919 were af-
fected somewhat by the condi-
b of general business during the
y part OF 1920, and there was a
inc In the number of transfers Of
bklyn real estate during the latter
of that year.
bring the first six months of 1921
6s papers were recorded In the Reg
- office of tho county OF Kings. and
|ng the. hrst half Of this year the
ber increased to 66,4s9. gain Of
hi, or 80 per cent. 1t appears that
adjustment In Brooklyn. from a
ker's point of view, has been COM
el and that the number of trans
will steadily increase.
from present indications we expect"
George S. and Arthur j. Horton
siderable activity this fall in the
hg of one and two family homes in
Hill. Bedford. st. Marks. Eastern
kway, Flatbush and Bay Ridge sec
OF Brooklyn, Tho majority of
are being made to people who,
zing that low rents are long way
appreciate that this is the opportune
| to fulfill the ambition which nearly
y renter has and which all certainly
Id have to own their own home.
pne and two family houses which
be sold at reasonable price with
hall amount OF cash and marketable
ill i'm demand.
Lot Prices Arc Low.
lhc recent cessation of building has
ted the activity OF the lot market to
rtain extent In that the large oper-
is not buying. However. there has
several large parcels of lots sold
htly TO investors who feel that the
ily increasing shortage of well
ed lots makes II certain that lots
Exceptionally cheap at present prices
arc due for general increase in
in the next few years. We find
al of the sales OF small parcels OF
are to home builders who have given
II hope Of lower cost OF building
el that all desirable locations will
be gone.
he erection or apartment houses has
ically ceased, due to the fact that
BITS to-day about 20 per cent. more
Fect a building than It did year
and that, with slight decrease oil
value in the new buildings. makes
possible for a builder to undertake
new operations.
ny one paying SIS a month or more
Ind suitable quarters to meet their
| rements. There are any number OF
ments to be had at that figure. and
| pre- was any shortage 1t has beer
| mated. What we need to-day is ar
ment to suit the pocketbook OF the
re rentcr-that is below SIS.
Though there are a few stores va.
| along the principal thoroushfares
as Flatbush. Nostrand. Fifth and
avenues and Fulton street, we be.
that inasmuch as the general ad.
ent OF business has taken place
those stores will be occupied eoor
same rental that they were las,
mand for store Property.
70 Is considerable demand for store
rty for purchase on these thor.
ares and. although there may be
ndency for trifling decline IN
!, they must advance. due to the
increase OF population that Is
to come In Brooklyn"
ate Brooklyn's downtown mercan-
bne has come into the real estate
few days ago one of this
biggest transactions in real estate
borough was put through. II
ed the west side OF Court street
en- State and Schermerhorn streets
was leased for forty-two year.
total rental of more than &, ,OOO, 900
on as existing leases expire. IL ID
stood, the site will be used for
siness Improvement. Meanwhile
tions to the structures now there
20 made.
Court street and Atlantic avenue
buth Brooklyn Savings Institution
ing the foundations for it's new
In the shopping center changes
progress. At Pearl and Willough.
Feets the old Royal Theater will
way to a si.0o0.0oo building for the
lyn Edison Company. A few
UP Wilioughby street, at Bridge
the New York Telephone Com
VIII construct It's new headquar-
On Fulton street, Martins has
ed the offerman Building near
street.
Easing demand for space in ths