Evening star., 1954-09-30

"W h en- a ~
man. or his
family, de- SS$ 3
a piece Of Edmund J. Flynn.
property, they are entitled
to peace of mind with re-
spect to their investment"
Flynn reasoned. after all,
it is often the biggest thing
in the family's life and
nothing should tamper with
their security"
ParkwO0d Success.
Armed with that phi
losophy and a lot of Irish
Fight, Ed Flynn began the
tough and oftimes bitter
climb to the top of the real
estate field. Among his first
ventures was the Parkwood
at 1876 K Street NV, Scorn-
ed by scoffers as something
that would never get off
the ground" Today, thanks
to Flynn's faith, the Park
wood has just about doubled
in value for those tenants
who took his advice.
Nine other apar ent
home structures all over
Washington also came under
Flynn's revolutionary "100d
Co Operative own ers h ip
Plan" at about that time. All
of these buildings were in
stantly successful and are
still in operation to this very
day, much to the financial
pleasure of the tenants who
have seen their modest in
vestments turn into valu-
able holdings.
"Flynn's Folly Fools"
In 1880, Flynn announced
the offering of Hampshire
Gardens, a group of 9 cross
shaped buildings with a
common heating plant and
a central park, in what was
then practically a suburb
at New Hampshire Avenue
and Emerson Street NV.
Once again, certain hide
bound operators n1ockingly
dubbed this "Flynn's Folly,
freely predicting that he
couldn't convince people of
his cooperative purchasing
ideas. But history has BOOM
eranged on these erstwhile
experts" because apart
ments that originally sold
there for IS, 100 have resold
for as much as 50, 500. Ap-
parently Flynn could, and
did, show the average lay
man the soundness Of his
plan.
BrOadmOOr Success.
Perhaps the outstanding
example of Flynn's success
story is demonstrated by his
remarkable development OF
the Broadmoor at 1901
Connecticut Avenue NV. In
1948, he announced the con-
version of the former apart
ment-hotel to cooperative
home ownership. This time.
Flynn has bitten off more
than he can chew" Hes
through on this one" II
guess this will take Ed Flynn
out of our hair for a while
-. p. And so on.
But his criticS>hadn't yet
seen the light. For Flynn
quickly sold out the Broad
moor on a cooperative basis
and apartments that were
bought there originally from
Flynn for $4,000 are today
readily sold by the tenant
owners for $16,500 $780,
900 apartment-homes have
resold for 34,500!
Flynn 1000 Plan.
What is the Flynn 1000
Cooperative Ownersh p
Plan?" 1t is a plan whereby
the Flynn organization. of
which Edmund ]. Flynn is
the senior partner, evaluates
certain desirable real estate
properties with respect to
present and future factors.
Financing, G, construction,
durability, service, location,
ETC., are taken under close
analysis. In thirty + o u r
years, no Flynn building has
ever failed - all have in
creased in value soon after
completion of the original
sale. Flynn sells to individ-
uals for homes, and profess
sional offices, pointing out
all the while that after the
initial down payment, the
tenant becomes "his own
landlord" {
Potomac Plaza Center.
Now, Ed Flynn is hard at
work at his life's work mas
terpiece, Potomac Plaza Gen.
ter. This time, the scoffers,
Knockers and doubters are
silent. This time, they know
that Ed Flynn's formula is
1000 proof.
The Center will be a 100
million dollar addition to the
Washington skyline, created
by the builders Of Rocker
feller Center. It will be a
complete com m unity Of
apartment homes, offices,
medical building, shopping
centers and hotel right on
the banks of the Potomac.
If you would like to learn
more about how you can be
your own landlord, call Ed
mund j. Flynn Co., MA. g.
1865 for an appointment to
see a full-scale model of the