The New York herald., 1922-08-27

electricity has increased in Richmond,
and the m unlcipal ferries show steady
Figures complied recently by the
growth I'm the number OF passenger and
vehicles using them and in their receipts.
Building Ira les Employers Association
indicate that single. two family ana
multi family dwellings under construc-
ton on the island on June 80 would
provide homes for ss.362 families In con-
trast TO 26,760 on December 81.
Real estate men predict that 1922 wiz
be the biggest year In the building OF
dwellings, In the history of Staten Island,
ard base thef. belief on the number OF
plans filed in the Bureau of Buildings at
81 George in the first six months OF
this year.
During the six months ended with
June 20 there were filed with the Bu-
reau 1851 plars for dwellings. which,
according to the bureau, will house S,f24
persons. During the first six months
Of 1921 there were filed with the bureau
1.526 plans for dwellings with a housing
capacity for 6,104 persons. The increase
In the first SIX months OF this Year,
compared with the showing OF the cor
responding period of 1921, Is a little
more than 10 per cent. In the filing OF
plans and housing capacity
Realty Conditions Good.
Delay in completing the buildings, it
has been pointed out by the Superln-
tendent of Buildings, was due to the
fact that the owners were not sure that
they would be exempted from taxation.
Now that they have been assured that
their property will not be taxed the work
will go on and in the next few months
all of the buildings will be completed
and occupied
Real estate conditions on Staten
Island are good,' said G.. w. Schutzen-
dorf. president and manager of the
Cornell Real Estate Auction Company
INC, 65 Water street. Stapleton. The
largest demand is for desirable lots and
the call for small houses cannot be sup
Piled The growth of the island has
been healthy one with natural in
crease OF values without boom prices.
The prices are the maraes values Land
that Is bought here can be used for the
purpose for which 1t IL purchased and at
a profit For example, on Union place,
Stapleton, IL piece Of ;and that was
sold for $4,000 SIX months ago. 1t
sold recently for $500.
Retirement Is General.
This healthy gain is general in Rich
mond. in Rosebank. where property
sold few years ago for s110 lot
and upwards. II is selling now for 81 900
to $4,000 a lot. Along the boulevard
there has been the same increase and II
is seen on the north shore and In West
Brighton and Port Richmond. From
Port Richmond to Tottenville realty is
In fine shape.
This borough Is the only one In
which a tenant can get his moneys
worth. All desirable places of every
kind are we'll rented Probably there
arc not 100 empty houses in the county.
The big apartment houses have waiting
lists"
Turning to industrial conditions, Mr..
Schutzondorf continued. '"rhe ship
yards are applying FOR men, You see
the plants down here manufacture
things that are not much affected by
strikes and particularly depressed husi-
ness. Such industries as tho making
OF chewing gum. lumber. plaster, cop
per and white lead, which are used all
the time, would not be much upset un-
less the depression should become most
serious There Is a great demand for
factory sites on the island Business
property has reached that stage In
which anybody who wants Il had best
buy II as rents often have hoped up
100 per cent"
Appeal to Home Seekers.
But 1t Is as a borough OF homes that
the island makes its greatest appeal.
The man Of wealth and leisure longing
for secluded estate is lured 10 the
chain Of lovely hills and their delishtful
views across farined meadows and out
- sea. lie who would have simple