The Brooklyn Daily Eagle from Brooklyn, New York • Page 26

6 BROOKLYN EAGLE, SUNDAY, JUNE 22, 1941 Large Down Payments Good SignDorment Home Buyers Taking Advantage Of Profit, Boro Builder Finds i Ridge Brokers To Spend Day on Fishing Cruise Arrangement have been completed for the annual fishing party of the Realty Brokers of Bay Ridge which will be held tomorrow. The brokers have chartered the Sachem, which will leave from Pier 9, Emmons and Ocean Avenues, Sheepshead Bay, at 8:30 sharp. George L. Clark la chairman of the committee and la being assisted by Walter Heunchel, John B. Swift, Paul A.

Hempel and Herbert Bauersfeld. A very successful Ladles Night dinner-dance was held on Thursday evening at Tappen's Restaurant, Sheepshead Bay, under the chairmanship of George L. Clark, Edward J. Kingsbury is president of the Realty Brokers of Bay Ridge. Roof Garden Added To Beach Hotel Open air balconies and roof gardens "swept by ocean breezes" are some of the new features of the Manhattan Beach Hotel, 156 West End Ave.

Since the management of this hotel passed Into the able hands of Otto Duetsch every possible thought has been given to the comfort and convenience of Its guests. Mr. Duetsch states that housekeeping facilities are now available without charge. "Strategically located practically on the new Belt Parkway and Just a stone's throw from the popular Oriental and Manhattan Beach Baths, the Manhattan Beach Hotel Is the ideal spot for a Summer vacation or for the permanent guest who desires to be away from the turmoil of the city, yet within short riding distance to the heart of the metropolis," the manager explained. Subway express service at frequent Intervals takes one to Times Square within the short space of 45 minutes.

ventures the safety margin would of course very small. On the other hand with new home price never so low, and I will use our Madison Homes as an example, the sales price being a person can take that Idle money in the savings bank and Invest it In one of our homes and make It pay the biggest dividends ever. In addition there never need be any worry about the safety of his money. For a few years there Is a set carrying charge leu than the rent of the average apartment. After that the property Is free and clear of debt with a yearly carrying charge of taxes, insurance and water only.

This as a rule Is only a small part of an apartment rental." Continuing, Mr. Dorment stated, "Our 10 percent FHA plan of home purchase is still very much In effect, meaning a down payment of only $589 and monthly payments of approximately $42 per month on our $5,990 home consisting of 8 rooms with three of the largest bed rooms ever Incorporated In a home at this price. These houses are of solid brick and 22 feet wide with street level entrance and attached garage. There are large front and rear gardens, paved streets and city sewers. Close by are Brooklyn College, James Madison High School, public and parochial schools; modern shopping center and of course the beautiful new Marine Park which when completed will be one "Never In my many years of new home building experience have I found buyers so anxious to make large down payments as at the present time," said James Dorment who, with Wesley Roche, are Just completing their new Madison Home development on Oerrltsen Ave.

at Avenue 8 adjoining the new ten-mllllon-dollar Marine Park. "This tendency Is in direct contrast to the practice of the past few years when most buyers leaned to the 10 percent purchase plan. I attribute) this to the fact that mast people have come to full realiza tion that real estate is one of the safest ways to Invest thefr money. To Illustrate this point let's take the average rent payer. Assuming he or she rents an apartment for 150 monthly.

In one year 600 will have been spent for the privilege of occupying four walls and a roof with nothing to show but a mass of worthless rent receipts. In ten years the amount will be $6,000, a sizeable fortune to the average person, If this same sum was In a savings account it would draw a very low rate of Interest. "If it were used In speculative ITMUCl rtV Brooklyn Real Estate For Sale 1 GREATEST xKl' DiirniG MimHitiTCiuu BROOKE': of the finest In the State. The new Belt Parkway, the direct route to all points on the South and North Shore, Is within five minutes ride OPPORTUNITY of Madison Homes, and Rils Park LAST IEFT ts quickly reached via the new Marine Bridge." 4FEV lift UG LOW lit) CimnbL. CHJttbtK.

3 I 81 1 is o- it I I 1 I i New Financing Aid to Sales, Kenny Reports A complete change of psychology from that of the last prosperity era is noted by Sam Kenny, sales director of Arrowbrook Hills Homes, lT 22 FT. FRONT SOLID BRICK GARAGE 2 OPEN PORCHES ALL CONVENIENCES h5i a BH i Main St. and World's Fair Boule TtHAiCl mm vard, Flushing. "Then there was a great orgy of spending and nothing was laid aside. Now because of the lessons learned, In direct reverse, there Is a great wave of economy.

Two of the most popular forms of saving are the U. 8. Defense Bonds and the purchasing of homes on small monthly payments, both great strides along the road to financial independence," he says. 3 CO LOOrV. I fc LOO rV.

i 53 jn I ttVINS BCT5M I is o- ft royta. It- it 1 f- l2'" I 4IJWM'm. I 310' IHj.llllllll ,1. Itlll e.e. Large Rear and Front Gardens, City Sewers-Wide Paved Street.

Auto Ocean Ave. to Ave. left to Gerritsen Ave. Also I. R.

T. to Flatbush Ave. Kostrand Ave. trolley to Ave. B.

M. T. Brighton Line to Ave. bus to Gerritsen Av. Near shops, churches, schools, High ool, beaches IpST also new R.

C. Ui-I Church. Model Hornet Open 'Til 10 P.M. Daily Long Island Real Estate For Sale IN BOROUGH COLONY Above are three of the 13 homes in the Madison Homes development of Jomes Dorment and Wesley Roche on Gerritsen Ave. and Avenue near Marine Park, which have been sold since the project was opened; five of them were purhased last week.

The houses are modern in every respect and contain innovations in construction and layout. Features are extra large bedrooms, rear terroce and scientific kitchen as shown in the accompanying floor plans. CANTERBURY PARK MODEL HOUSE This new home in the Central Homes, development on Central north of Merrick Road, Valley Stream, built by Newman and Weisbarth, is being used as a model house. The accompanying floor plan shows the room arrangement. ROCEVILLE CENTRE A BEAUTIFUL HOME ON A WOODED PLOT Long Island Real Estate For Sale mm III afoeaa.

Sell 12 Houses In Lindenhursf Sale of 12 Summer home sites In the past week at Shore Gables, Lln- 'JuUXUMf onYOUR budget ISm -ii tmr' "'ZTr AsssSf -A denhurst, L. where 35 cottages have been built and sold to date, i were announced yesterday by M. R. Ridcman, manager of the com I --Ji'- Killing munity. Long Island Real Estate For Sale ii "A noticeable characteristic of this season's market Is the demand PRICE S1S.S00 7 Rooms, Rerreatlan Keois, Itaths, Extra Lavatary, Sun Deek.

Car Garage, Kntira House Insulated. DIRECTIONS TO REACH PROPERTY! Suarlit Hllhaay te North Vlllaee A RMkvllls Cantra: turs sorlli I' milelte Arrsndsls Rsae at srsarrty. Or touthsra Slats Parkway: turn Moth te RsskyllM Csatrs Hit ISA ta Lakivtsar lelt a Lakoirw Ave. te N. Vlllses Ave.

lift sa Nerlh Vlllses An. ts Arrsaeele Rose. Built by JAEGER BROTHERS for Summer home locations within actual commuting distance from New York City," Mr. Rickman reports. "Vacation resorts within the limits of the suburban territory, where regular train service is avail able, are all experiencing a record roudly we praitnl Ihii 1941 2'ilory home Ihot giei you trie style) one) imorlnon of individuol dtiign by CHANIN at a man-production pried The complete price at $6500-J700 coih includet attached garagt with intranet frem kitchen, oil-burner, air-condilioned heat, gueil lavatory, tun dock ovor garoge, tiled both, brtakfait nook and a fully.

landtcaped plot on cul'de-iac lately tlreel. Any family witt enjoy the cultured, gracious way of life which -hot grown up in this carefully-planned architecturally restricted community of winding parks, lately streets and regional playgrounds where children have the advantages of safe, happy wholesome environment and where your home and investment ore both protected ogoinst "neighborhood change" In years to come. See this sensalionol new model todoyl Other o-room homes priced from $6390 to $8975 as well as 5-room, one-story models priced from J5I90 )590 cash are alto on display. CftEEN ACKES is as little as 27 minutes from N. Y.

or Irooklyn via 100 trains volume of business this year. Lont Island Real Estate For Sale New Jersey Property for Sale i I f. f.i- mlm Drive Out Today Erskine Lakes "it ii I f. A x. I A i M0NTHLY BUYS A home 40 IN Garden City I On grounds 60x130 in Residential Zone I of this unsurpassed village, lnclud-I ing oil burner, prices start at I 5 basic designs to choose from, I CLINTON ROAD A GARDEN STREET I I Drive sut Hsmisl.ad Turneiso thfsuffh MlMptlaae' sa Fultsa I Avsaue tl Cltstsn Street.

Tura left te tlere'en Street Long Island Real Estate For Sale Gibson Nantucket Homes at Valley You ran outs one of these Cape Cod cottage on a land-, scaped plot of 5,000 to 9,700 q. ft. for leu per month than you can rent an apartment of equal sixe and desirability, 4 spacious rooms; bath; oil burner; hot water heat garage insulated construction attio storage space. Near ai. tion, schools, churches, stores, bus an established retidrn.

tialVommunity. Golf and Country Club Privileges 4,225 to 59000 Monthly rarryingchargn as low at $31 .53 include taxes, interest emortixation and insurance. daily and within walking distance of station, schools, churches and stores. Eipress bus to llh Ave. subway passes entrance gales.

Write for FIEE IOOKIET. m. 1 fm 116 4 8 FHA Mortgage. mill in fc Sinre 1926 COTTAGES 1750 nraTtiimrey The I "WCl -v--- i aj i ip viT' filBSON CORPORATIOM ON THE SUNRISE HIGHWAY AT VALLEY STREAM, L.I. N.

Y. Office)) 122 lost 42nd Street NW. Vmlley Sir. 2301 rrmnkttm I f.77 Tm rtewA: SimrlM Highway in HrfMilway I I.ynhrtHtk. Seruih im BriMilway Slfvtmnn if.

Klh( to hnu. I i i. i ii it. ir wft: IN BRIAR-CLIFF Architect's sketch of one of the new type homes in the Briar-Cliff home development on Merrick between Southern State Parkway and Sunrise Highway, Baldwin. The house, of Colonial design, contains five rooms, open fireplace and attractive garage, as indicated in the attached floor plans.

SEE PAGE 8-D FHA and Private Financing FiirnUhrd Seanon Rentals From $200 Erskine Lakes Has Everything! Hear tli-tam-frd lake In beautiful ettlnff af Nnrlh Jeraay ntoantfttni. Rcatrlctrd. All aaartt. W.nfrll flahlnf and hunting. l4w taxaa.

Gs4 raarta. State Blrhwayt nearlnr aemuletlen. All city eanTenlrneei. Televhane. elee.

trlrltr. water mtlni. Schnnla. ebnreh-, hvMe. trains.

Eaiy eammatlnr. SO mln-lea tram eitr ta lhl all-rear aaradiir. Other eemmunltlet In to.000 aeraa in. tier same ewnertnlp: Lake. Hemes from ll.1V.

Famished rentals frem BS50. FOUFST BFArH Tl.im and WAN- AqUK GLENS an Graenarnal Lake. Lone-term leaseholds at law rent. You'll find trtkinm Lakmt and htr tittmr communititt difftrtnt and betttr. Viiit us fcfor you dteidt.

Ringwood Rinarwood, N. J. Incorporated 190S literature fin Salesmen Will Call Phona Ertkin Lakes 300 or 406 Awoating West Milforal 7301 Frnm New Tark, rirlre an Raates 4 and I in Slaatihan. N. V.

Frnm Newsrb. ele Kanle ar Fnmp-tan Tnrnnlke ta romnlnn I.akrs. Paul Rolh Project To Have 204 Homes i What would be considered a fair- sized town in many of the more thinly pppulatcd States in the HI A It IV L. I. $740 Only Minute Walk to Station A aubatantial American Colonial homo on 6,000 Rq.

ft. landscaped plot, Large, bay-windowed living: room has unique fireplace, trimmed in block bookshelves flank the sides. Dining room with door to terraced porch; U-shaped stop-saver kitchen and extra lavatory complete the first floor. Vpnlaim: 3 bedrooms, colored tile bath, sundeck. Attached Karaite; oil burner; fully insulated.

Low F.H.A. terms. 4't, niortitaKe, Cornwr II Avenue, South of Franklin Avenue Snulhrrn State Parkway In Franklin A FOR SELECT LIST Brooklyn Apartments For Rent Queens Apartments Renting Rapidly The 100 percent rented sign has gone up at. the Fleetwood apartments. 89-20 161st Street, Jamaica, with the conclusion of leases to Benjamin Staller.

Mrs. H. Lettlck, Kyrlacc Anastaslnu, Harry Weln-er. J. Constantlne, Charles Vavll-tis.

and at the Colonial Court. 80-10 149th Jamaica, with this leases: Samuel Dickert. Margaret Middle West is nearing the final stage of completion by Paul Roth, builder. His Holliswood Estates, occupying eight square blocks fronting on Union Turnpike from 185th to 188th running through to 73d will, with the completion of the 18 for which foundations have been poured, consist of 204 fully detached homes. Aggregating a total of 1 1,250 .000, 174 houses have been sold In the community and sale of the last 30 dwellings will bring the total over the 1,500,000 mark.

I8K Boulli lefts on Kranklln to Comwell Ave. Field. Orevirson D. Lynch and Sidney Roth. The managing agents, Buttcrly ti Green, 168-25 Hillside Jamaica, report that this is one of the best renting seasons in recent years..