davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-01-29
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ment houses In the district Nr. Knowles
gives THE New. YORK HERALD the fol-
lowing cases which illustrate his point
OF view:
I'm 1914 there was located at the
southeast corner of Seventy-second
street and Fifth avenue a private house
on lot 35x125. and adjoining 1t was a
vacant lot 80 feet by 1875 feet. making
plot 115 feet on the avenue by 125
feet In depth. This was assessed in 1914
and 1915 as follows: Land. $1,000. 900 ;
building, 100000; total, $1.100, 900.
The plot was acquired for development
and the old building demolished and the
land alone during the erection Of the
new apa rtment house was assessed dur
Ing 1915 and 1917 at $1.O50,000.
After completion Of the new apart
nent bnilding the assessed valuation of
the land was increased in 1918 to $1.2l5.-
900 and the. new building was assessed
ut $S25,000. making a total assessed
valuation Of $2.04o.00o. against a former
assessed valuation of s1.100,0 900. show
Ing an increase Of $4,000.
The same is true of the southeast
corner Of Sixty-sixth street and the ave-
nue.. where an apartment house has been
recently erected. In this case the pres
ent assessed valuation is $1,600.000, as
against q previous valuation OF $725,00O,
showing an increase Of $4,000.
'These two illustrations, based on
actual facts. show an increase at Sew
enty-second street OF $4,000, at Sixty
sixth street Of $s75,00O and a total in
crease of $1,815,000.
"At the present rate OF taxation (S2.77)
this shows an increased return to the
city annually Of $50,275.50."
The other side of the argument is
epitomized by Douglas L Gilman, who
The New York herald., 1922-01-29
Order Your Home by Mail

and Is on the south side OF Onondago
street, between Tioga and Central ave-
nues. Mrs. Fisher had definite ideas
OF what she wanted In the way OF a
homo and she also wanted to get In ur-
der her own roof as quickly as possible.
She shopped around for a time without
success and finally In q At or despera-
tion dropped a card to the mail order
house. From the plans which her re-
quest for information brought she Sc
lected two story dwelling of the SER
vantless' variety, which means that II
is built and equipped In such a way as
to reduce the drudgery of housekeeping
to a minimum. The company also gave
her q mortgage on the easy payment
plan, and now her home Is well on
the way to completion. The average
time for construction Of houses OF this
sort Is about ten weeks.
Up to the present the man order sys-
tenn OF finding a home has not been
as widely exploited as its convenience
would lead one to suppose. With thou
sands of persons buying lots at auction
in the suburbs and the outlying sections
OF New York city. however. the time Is
soon coming. real estate men predict
when the post card method Of ordering
homo win enjoy wide popularity.
The New York herald., 1922-01-29

in congratulating the Fifth Avenue As
sociation on It's success. says:
Contrary to the generally accepted
idea, wherever you examine sales In
high class residential thoroughfares. you
will find that the highest prices have
been paid for private house and not for
apartment house development.
almost from the inception Of the in
vasion of Fifth avenue, by apartment
houses. values began to depreciate and
they have gone down steadily ever since.
It Is my firm belief that when the
knowledge of this modification of the
..Zoning law restricting building heights
to seventy-five feet becomes widely
known and the private home buyer is
thus assured that the investment he
makes In his land and in the erection of
beautiful house will not be jeopardized
through the building Of some towering
structure Immediately adjoining. de-
stroying his light and air. that renewed
interest and activity will develop In this
great thoroughfare.
'This and the comparatively limited
amount of property available for the
purpose, will substantially strengthen
values and will make this, ultimately
the highest priced residential section In
the world. In addition 1t will assure to
the city and It's citizens really beau
tiful avenue to promenade on. which will
be q source of pride to the people and
of greater profit to the city"
The New York herald., 1922-01-29
81, 900, 900 RENTAL IN
HEART OF BROOKLYN
Buildings Opposite Academy
of Music in Deal.

Joseph NJ. May negotiated lease for
Arthur II. Waterman and the Realty
Associates TO Harold T.. witteman and
associates of TO 16 Lafayette avenue,
southwest corner OF Ashland place,
fronting 1877 feet on Lafayette avenue
and about 100 feet on Ashland place.
extending to within 30 feet of Flatbush
avenue. for a long term OF years at n
rental OF about $1,000 900. There are six
four story brick buildings on the prop
erty, which viii be replaced with two
story business buildings Plans are
being prepared and work win start Inn
mediately The property Is opposite
the Brooklyn Academy OF Music.
Realty Associates sold TO Max Roiniolk,
Inc, through william Levine. broker.
the vacant plot. 50xi00. on the northeast
side Of Forty-eighth street, 50 feet north
OF Fort Hamilton avenue, which the pur-
chaser will improve by erecting brick
semi-detached two family houses with
private garages.
Charles Partridge sold the two family
dwelling al 1870 Union street, near
Rochester avenue for Louis r. Saban.
Henry L. Nelson sold a plot 40x150
on Ocean Parkway, east Side, between
avenues l. and NJ. for Max M. Michel
SON. also plot 40x150 adjoining for
Christian Kammerer.
Bulkley & Horton Company sold s6
TGighty-first street, detached residence.
with large garage. sox10o. to ]. Wohn-
siedler.
The New York herald., 1922-01-29
TWO GOVERNORS TO
BE DINNER GUESTS
Miller and Edwards VIII Talk
on Port Development at Az
fair Of Realty Board.

Gov. Nathan L Miller OF New York
Jersey viii be tho principal guests of
tho New York Real Estate Board at its
twenty-sixth annual dinner. to be held
in the Hotel Commodore next Saturday
evening. February 4. Both Governors
will speak on the development of the
port Of New York. IN which both New
York and New Jersey are interested.
Martin W. Lttleton win also DO one of
the principal speakers Another speaker
win be Judge Frederick 3. Crane Of the
Court Of Appeals.
James A. Cattel. city statistician of
Philadelphia, win also address the
diners. Mr. Cattel has reputation as a
humorist. as those who attended the
dinner In 1921 will recall c. @. Ed
wards, president Of the board. will make
u brief address and act as toastmaster.
The dinner committee. in addition to
its arrangements for the speakers, has
prepared q program Of entertainment
that will compare favorably with previ-
Gus efforts along these lines The CON-
mittee is graufied with the reservations
already made, which insure an attend
ance equalling that Of 1921. when the
diners numbered 1.450.
The committee Is as follows: Charles
G. Edwards. president honorary chair
man; Elisha Sniffin. chairman; William
L. De Bost. chairman committee on
guests: Laurence MCGUIRE. chairman
committee on speakers: J. irving Walsh,
chairman committee on seating.
The New York herald., 1922-01-29
CHARLES F. MOVES co.
REPORTS GOOD YEAR

Charles r. Noyes Company announces
that Frederick 3. Lewis. William B..
Falconer. Joseph d. Cronan. Edwin c.
Benedict, Walter j. Cashel. Francis w.
Gridley. William J. OConnor. Thomas
d Mcbride. Charles F. Heller. Albert
3. Himmelman. Edward II. Hesse and
Thomas Christie have been reelected
members Of the board OF control. While
the companys year ends April 80, yet 1t
Is reported that the company Is doing
larger business now In the aggregate
than II did a year ago, and business for
December 1921, showed a very large
gain over that for December. 1920.
During the calendar year 1921 the
company made net gain OF 80 build
ings exclusively managed. Thirty-nine
buildings for management were placed
with the Noyes Company during the cal
endar year 1921. Of which were office
buildings. 8 were store and loft struc-
lures and II properties for living pur-
poses. Seven properties were withdrawn
due in each case to O sale OF the prop
critics. The business Is owned and under
the active direction Of Charles r. Noyes
the founder.
The New York herald., 1922-01-29

II you feel that your nervous system
Is too highly strung to tolerate the giddy
round OF contracts. architects and speci-
fications which accompany any we'll
regulated home building project, your
case Is not nearly as hopeless as you
may imagine. All you have to do Is to
drop a post card to certain prominent
mail order house that supplies anything
from thimbles to locomotives and by
return mail you get a catalogue from
which to pick your future home After
you have made your selection and you
have arranged with the same mail order
house for q mortgage. your cut to fit
dwelling will be shipped to you In SEQ
tions.
Mail order houses are by no means
as flimsy as the method OF procuring
them might suggest 10 the uninitiated.
They are substantial, permanent struc-
lures designed for all year occupancy.
One homo hunter. Mrs. Helen Fisher Of
224 East i65th street. found the de-
signs submitted TO her by the mail order
concern so satisfactory that she has
decided 20 use one In the Improvement
of her plot In the former James Gordon
Bennett tract on Washington Heights
which war sold at auction In June. 1919.
Mrs. Fishers plot measures 50x100
The New York herald., 1922-01-29
QUEENS READY FOR
HOUSING PROJECT
Believes It Is Logical Place for
Big Operation Outlined by
Samuel Untermyer.

The recent announcement by Samuel
Untermyer that a plan is under way
to provide several thousand medium
priced homes for the working classes
In a section from fifteen to twenty
minutes from the Grand Central Ter
minal has moved the Greensboro Cham
Der Of Commerce to come forward with
the declaration that there Is no mere
logical site for this development than
In the Astoria or Long Island City
section OF Queens.
Such development Is impossible In
Manhattan" says Walter I. Willis, Sec
retary Of the Chamber Of Commerce.
Only tho northernmost sections of The
Bronx or the distant Bay Ridge or East
Flatbush sections Of Brooklyn could be
considered. The available site Is In
Queens, right across the river from the
heart of Manhattan. The new subway
extensions into Astoria or Corona and
the sections Of Long Island City lying
adjacent to these communities enable the
inhabitants OF those districts to get to
the heart of the city in from fifteen to
twenty minutes
According TO Mr.. Willis. Queens con-
tinvcs to be the fastest growing large
single community In the country.
Only one city In the United States
chicago--exceeds tho Borough OF Queens
In volume OF building, Los Angeles.
which has been leading that borough.
dropping back TO third place, according
70 Mr.. Willis.
Within the city Of New York only
Brooklyn leads Queens IN tho number
OF building permits issued. and only
Brooklyn and Manhattan exceed the
borough in volume of building. The
number OF permits issued In Queens
was equal to Manhattan, The Bronx
and Richmond combined.
Queens Borough also leads all tho
boroughs Of New York city In the per
capita cost OF building. being almost
rs per cent. ahead of Tho Bronx, her
nearest competitor.
The New York herald., 1922-01-29

the long and bitter fight to keep tal
modern apartment houses off Fifth ave
nue and the adjoining side streets Dc
tween Sixtieth and Ninty-sixth streets
is not ended, although tho interesti
which want to preserve the avenue to'
private houses believe they have won
technically at least. The Board o.
Estimate has acted IN their favor. ou
more than 20 per cent. Of the property
owners affected have demanded
unanimous vote by the board. The Cor
poration Counsel has ruled that mas
much as tho city owns Central Park or
the other side OF the avenue unanlmltS
isn't necessary. AL the Board OF Esti'
mate has done since them was to enter
tain q motion to file the Corporation
Counsers opinion.
The battle. apparently ended. WIZ oe
renewed In . few days when tho m
terests which oppose limiting the heish'
of new apartment houses In tho distr1c'
TO ssventy-f,ve feet or about six stories
viii carry their case to tho State su'
preme Court through . mandamuS pro
ceedinR. Among the individuals who
are arrayed against the idea OF preserv-
ing Fifth avenue opposite the park foI
a "millionaires' row. are Robert L
Gerry. George and Edwin Gould sno
Vincent Astor. In addition there are
many influential individuals as we'll q
architects. lawyers and Suilders-
Jubilant over the apparent victory
the Fifth Avenue Association, which
with the City Club. has been In the
front trenches in this fight for several
years. declares that Americas greatest
"show place" will now once more come
into its own and that with the towering
apartment houses forever banned. the
"For Sale" and ITO Let" signs which
have adorned the dismal. deserted pri-
yate residences in this section OF tne
avenue will disappear. Wooden smut
tern they intimate will drop from the
old houses as II by magic. shades VIII
fly up and the avenue will again De-
come the habitat of families VINO nave
pocketbooks commensurate with the re-
ouirements of maintaining private
home on tho worlds greatest thorousn-
fare.
On the other hand a large number OF
property owners affected by tho radi-
.cal ruling Insist that the day has passed
when even exceedingly wealthy men or
women care to put enormous sums OF
money into private residences on Fifth
avenue because the land Is SO exces-
sively valuable The cost OF mainte-
nance Is exorbitant, they say. and the
great majority of wealthy families pre-.
fer these days to accept the comforts OF
apartment house life with their COM
parative freedom from care ana re-
sponsibility.
They point to the changes Of the last
decade along the so-called "miiiionaires'
row." where houses have been aban-
doned, few plots improved. and where
almost every one is waiting for the ulti-
mate splendid offer for possible site
The New York herald., 1922-01-29
Architectural Exhibition.

At the opening ceremony Of
the thirty-seventh annual exhibi-
tlon Of the Architectural League OF
New York to be held In the gallery
Of the Fine Arts Building at 215
West F'ifty-seventh street, begin
ming Friday evening. Feb. 8. medals
will be awarded for the finest exam
pies of architectural painting and
sculpture. landscape architecture
and artistic draughtsmanship.
There also will be q musical pan
.omime based on Russian folk lore
and entitled THE Princess Who
Never Smiles"
The New York herald., 1922-01-29
NEW AID FOR BUILDERS
OF HOMES IN NEWARK

Another aid to the solution OF the
housing shortage I'm Newark. N. j., is
the formation of the new United States
Bond and Mortage Company. which VIII
operate on the Recklaw plan, whereby
capital Is provided to individuals for
residential building purposes. either on
their own land or on property which
Trey have helped to acquire.
The officers and directors OF the
United States Bond and Mortgage Cor
pcration are as follows: NJ 7. ReclSlaw,
president; George J. Tuttle. first vice.
president: Lee c. Salisbury. second wee
7 resident: John Il. Tutty, secretary
treasurer. and Floyd p. Budd, assistant
treasurer
A bond issue which Is being offered
to the investing public In moderately
Iriccd units and bearing an attractive
interest return, will provide several
million dollars for building ioanA
The New York herald., 1922-01-29

portunity to Combine business with
pleasure"
As we were leaving his office he
shouted: $50 long; sec you at the board
dinner" which reminds US that even
real estate writer's attend when there
Is room for them.
Public Interest I'm Real Estate.
II was q private dinner party COM
posed of six women and six mon. In
the group was Leon 8. Altmayer. an
active real estate broker of the York.
Vile section, who recited this interest
ing impression to the writer:
1T wasn't q real estate gathering
Just little social affair attended in
the main by persons far removed from
the real estate business. I purposely
refrained from directing the conversa-
tion to the subject of real estate. One
of the other men at the table did. how
ever. and before / realized 1t every one
was discussing lots and plots.
Il could not help being impressed by
the knowledge of current real estate
happenings displayed by the women as
we'll as the men. They discussed the
activities Of Frederick Brown. Robert
e. Dowling and other prominent op>r-
ators In manner that convinced me
they read the real estate news In the
daily papers regularly and carefully"
Mr.. Altmayer's experience substan-
tiates the contention of THE NEW YoRx
HERALD that real estate news. properly
presented. interests the general public
as well as the professional element.
-
Builds Home I'm spare Hours.
Determined to solve his own housing
problem, a miner living in the suburbs
of Pittsburgh built himself n permanent
home during his spare hours for the
very modest sum of $4,000.
Although his work In the mines took
fifty hours of his time each week, he
worked continuously at the house from
July until December, weather permit
ting, and completed six room house OF
the bungalow type, said to be much
more substantial than the average mod
crn house. The walls. built Of brick,
are eighteen inches thick and the floors
are OF cement concrete. The miner had
the assistance of one mason and two car
penters, whose wages ate up $500 OF the
$4,000 which the house cost to build.
Several of the miners ncighbors think
SO well Of the Improvement that they
are willing to pay him a profit of $4,000
for his house.
London Project OF Third Century.
Walls said TO have belonged to the
original forum OF Roman London were
unearthed recently by workmen in Grace
church street while laying postal cable.
Cne wall four and a half feet thick
and extending downward thirteen feet
appears TO form part of an inner cham
ber of a Roman building. Museum off,
cials who have viewed the painted or
lamentations on the walls have ex-
pressed the belief that tho building was
erected along about tho third or fourth
century.
The New York herald., 1922-01-29
Nassau St. Building Sold;
Other Late Realty News

The newly formed 90 Nassau Stree,
Corporation. representing clients OF
Nathan D. Stern, attorney. purchased
the Armeny Building at 90 Nassau street.
southeast corner Of Fulton street The
property consists of an eight story struc-
ture with stores. fronting S1.2 feet on
the former thoroughfare and 51.1 feet
on the latter. It is assessed by the city
at $2So.000. Of which S226.ooo repre-,
sents tho land valuation.
Tenement House Sales.
Ryan a Co. have sold for the estate
OF Margaret Q. Mcclellan OF schenec-
tady COL Ninth avenue, southwest cor
ner Of Forty-third street. q four story
store and tenement 20.5xs2. The pur.
chaser 10 A A. Hegaman. who paid all
cash for the property. The same bro
iSers sold for Mrs. Sarah Emile Wood
bury. represented by Middlebrook &
Borland, attorneys. S5A East Thirty
second street, four story tenement.
with store, 17.sxbo. The purchaser is
Harry T. Flynn. A resale OF the prop
erty is pending.
Sale OF the southwest corner OF Park
avenue and Eighty-eighth street, five
story fat with stores. 25.2xS2.2, has
been made by Gustav Eckert to Simon
Ginsberg.
A client Of Charles siegel Levy sold &c
Israel Mordkowits 1s47 First avenue. q
five story tenement with stores. 25x1oo.
In the Dwelling Market.
The property at 1860 to 1856 Park
avenue and IS East Eighty-seventh
street, at the southwest corner, compris-
ing five old dwellings. 100x105, is being
acquired by Julius Tishman & Sons from
Harris and Maurice Mandelbaum, Glenn
entine Metzger and Alma Rosenberg.
The buyers plan q twelve story apart
ment.
Thomas J. O'Reilfy sold for Mrs.
Louise r. Hovey the four story dwelling
at 206 Second avenue, 17x10S for the
estate of Florence H. Hall the four story
dwelling at 2o8 Second avenue. 17.5x10s.
The site will be improved with q modern
building to be occupied by the pur-
chaser.
Ryan & Co. sold for the estate of
Mary A. Hollorran the northwest corner
OF St Nicholas avenue and 154th street,
two and a half story dwelling. 37.3x
106. to Harry II. Jackson for all cash.
Robert w. Malone represented tho estate
as attorney.
James Fl. Cruikshank has resold to
Frank Reilly 112 East 121st street, q
three story dwelling. l6.sx100. e. j.
O'Donnell wac the broker; also resold to
Albert Stout l20 and 1872 Eas, i21st
street, two three story dwellings,, l6.sx
100 each. George w. Brettell was the
broker.
John J. Hocckh. Ino, sold for the
Eighth Avenue and Fifty-third Street
Realty Company the dwelling at $40
West Forty sixth street.
Charles b. van valen, Inc, with the
william II. Constant Company, leased
offices In Ito William street to Cornwall
& Stevens. insurance brokers.
NJ. Rosenthal Company leased TO
Cohen & Weinrib a floor in 24-26 West
Thirtieth street: to g. Levinson, a floor
in 14l West Twentieth street
The New York herald., 1922-01-29
Bronx transactions.

Alexander Sellsin. David Mintz and
Carl Jaffe have sold for Henry Stern
2675 Morris avenue, a six story apart
seven stores. renting for $4,000 and
held at ss50.0o0.
Louis Gold 4 Co, rnc, purchased the
southwest corner Of 18TH and Kelly
strects upon which they will commence
the erection Of O ono story taxpayer
containing ten stores.
Goodwin a Goodwin and Samuel os-
terweil sold for the Corona Realty Cor
poration TO the Marler Realty Company
tho one story taxpayer containing eleven
The New York herald., 1922-01-29
>.see You at the Board Dinner,

Step into the office of almost any real
estate broker these days and the con-
versation Is certain to drift toward
realty's big annual event--the banquet
of the Real Estate Board OF New York
which is to be held next Saturday
night at the Hotel Commodore.
1t probably will seem strange to many
10 learn that some of the busiest traders
ii, real estate seldom see each other
throughout the year. Very often they
exchange properties without meeting
personally.
The Real Estate Board dinner breaks
down this business barrier: operator
meets operator, broker meets broker,
builder meets builder and so on ad
infinitum. 1t is the one opportunity
for all persons interested I'm the welfare
OF real estate to meet on common
ground. exchange views and become adj
vised of the activities undertaken and
contemplated for the betterment of the
market.
A real estate broker confided to US
this week he invariably meets men at
the board dinner that he has not seen
since the preceding affair and that not
infrsquently these meetings offer an op-
The New York herald., 1922-01-29

Toronto claims ono real estate record
that no New Yorker will care to dispute.
II submits the following to show that its
landlords are entirely in q class by them
selves when It comes to profiteering:
Prospective tenants in Toronto are re-
quired to pay 81 for the privilege OF
looking at an apartment In order that
there might be no misunderstanding
about the matter an owner who had
been asked II the 81 would apply on
the rent IL the apartment proved ac-
ceptable replied: IT charge you SS 70
look at the place. It has nothing TO DO
with the rent"
A Possible Source OF Revenue.
There are reported to be $4,000 push
carts in the city OF New York, the
owners OF which pay on an average
fifty cents day for the privilege OF oc-
cupying space in various thoroughfares.
The revenue derived from this source,
however. does not go into the city
treasury, but is paid to 100 or more
unofficial employees OF the Department
OF Markets to compensate them for su-
pervisirg and regulating the distribu-
tion of stations.
"Since this work calls essentially for
the use of city property It Is patent
that the amount charged for these priv
ileges should go into the city treasury
and that tho men who regulate this
traffic should become city employees" a
realty expert declared this week. "As
some streets and sites are more desirable
than others. there Is necessarily consid-
cradle favorltism shown under the pres
cnt arrangement II the space were al
lottcd on basis OF rental value this
favoritism would cease"
The New York herald., 1922-01-29
Where Fine Apartments
Cost Only 81 Per- Look
By THE ODD PARAGRAPHER.

portunity to combine business with
pleasure"
As we were leaving his office he
shouted. $50 long; SEQ you at the board
dinner" which reminds US that even
real estate writer's attend when there
is room for them.