The Brooklyn Daily Eagle from Brooklyn, New York • Page 35

BROOKLYN EAGLE, SUN. SEPT. 9, 1951 35 Borger to Auction Lauds Amortizing Mortgage vaurf PrAMrtV tn. which of-1 from New York, off Route 17, niiivii vi.i w.w i i i i i 4 i lip- Mr. Fred Berger Co.

will fers 4 wide range of income; in the town of Blooming Grove, nffor at niihlio anrtion on Sat-'and use Doibilitie. will miles northeast of Monroe. Brisk Home Sales During Past Week In Bayside Project As Help to Home Ownership frontina almost two miles on urday. Sept. 13.

a mountain place on the at 2 p.m.; reeion resort property lustl Immediate possesion is be-. State Highway JUS ana voumy a Sali- 27. known The self-amortizing mortgage, oi me principal paiuun ai uw in. nff.ri th entire Dror Hiehwav .1 il Ik. UUUmc Mills Road.

now almost universally used by X. totaling approximatelyerty, which located 4j miles; bury 1U ui live train, iiic aiuuuui lenders in this area, is one of Brisk selling activity in the has increased to 17.31 per cent. the prime factors that makes In other words, $318 of a 510.000 newly opened Berkley Imperial Homes colony under way on i crj-io 'in onlfl'i -j? -r JUfcz mortgage has been paid off at home ownership possible with Northern Boulevard and 218th the end of the first year; il.iii out hardship, rapidly increases equity in a home, and permits at the end of five years. Street, Bayside, Queens, was reported yesterday by Louis becomes "As the principal sounder financing than any sys Funk. Ira Hanig.

Sam Newman and Leon LaPidus, builders, who announced that the initial less, the amount of each payment eredited to interest naturally becomes less and thus the amount credited to principal ac- tem used in previous periods of high building activity. It was pointed out by Ernest Beck, group of six-room ranch-style residences offering full base treasurer of the Long Islandlcelerates," the builder and mort-which igage expert explained. "At the ments, plaster wall and ceiling Home Builders Institute construction and three bedroom i i i -u nnw Jtntlt ADDITION TO KEW GARDENS Progress of construction on typical building group in Campus Hall, garden apartment community in Kew Gardens Hills, Queens; where more than 500 suites have been rented in two months. First families are to occupy their suites this month. The Krahom Realty Company is the renting agent for the builders, Wolosoff and David Minkin.

Sohn Weston ore the architects. is sponsoring local ooservance enu oi iu ii of National Home Weekjof the mortgage is paid off; the Sept. 9-16. jfigure rises to 66.11 per cent at layouts is being readied for de-li ery to purchasers. The new colony, which will comprise a total of 54 dwellings, priced at $16,990.

is being erect Mr. Beck explained that the the end of years, ana ai me type of amortizing mortgage end of 20 years the home buyer mnt cpnpraliv uspd i onelowns his property free and III THE HEART OF QUEENS COUNTY clear. ed on a tract adjoining the 108-home development the sponsors recently completed under the same name. A furnished exhibit residence has been opened on FURMANVILLE AVE. and 75th PLACE FOREST HILLS WEST isiiii the property for public inspec tion.

Lane Realty is sales agent Houses, planned by S. Walter where regular payments are made every month for the term of the mortgage and at the end of the term the mortgage is paid off automatically. A portion of each payment is applied on interest, taxes, water and insurance, while the remainder accumulates to the credit of the home buyer toward reduction of the principal amount of his mortgage. "This equity increases rapidly after the first three or four Ivears." Mr. Beck said.

"On a 20- Katz, architect, provide interest "Meanwhile, interest, taxes, water bills and insurance premiums have been paid by the Under out of the monthly sums received from the borrower and the home buyer never has to worry about a heavy accumulation of these items," Mr. Beck continued. "The' result is that buying a home today is truly like paying rent because the monthly payments are based on the borrower's ability to pay and usually are less than a rent bill would be." ing exterior treatments by util izing combinations of pine sid ing, stone and brick veneer LT Covered front terraces and landscaped plots ranging up to NT, 6.000 square feet are being em lyear mortgage, 3.18 per cent ADJOINING JUNIPER PARK FOREST PARK GOLF COURSE FOREST HILLS TENNIS COURTS NEARBY SHOWN IN WEST HEMPSTEAD This three bedroom two-bath ranch type home, featuring both remote control wiring and light conditioning systems, had its formal public opening yesterday at Cornwell and Dogwood West It inaugurated Malverne Acres, a 108-home center. In the $25,500 price class, the houses are being built by Herbert and Henry Gold from planes by Teas Steinbrenner, architects. RANCH TYPE phasized.

I A center entrance layout off! the vestibule features a large living room with picture window, separate dining room, bedrooms with corner window groupings, a colored tile bathroom with matching and vanitory and a large science kitchei with built-in upholstered dining nook and an abundance of storage cabinets. Other details include oak flooring, recessed radiation, flush doors, sliding door double closet in the 15-foot master bedroom and complete insulation throughout. APARTMENT TO RENT BERKELEY PLAZA 39 PLAZA STREET 4 ROOMS 2 BATHS $158.70 IMMEDIATE POSSESSION WRITE L. H. HEARN 45 W.

45th N. Y. C. Apartments Will Figure in Home Week Exhibits Planting Lawns In Landscaping Windsor Oaks 5-6-7 ROOMS FULL BASEMENTS 1 AND 2 BATHS ALL ROOMS OFF FOYER 40-FOOT PLOTS BEAUTIFULLY STYLED, ALL MODERN FEATURES BUS TO SUBWAY PASSES PROPERTY SHOPPING AND SCHOOLS IN NEIGHBORHOOD MANHATTAN BROOKLYN in 30 MINUTES DIRECTIONS By Auto -Any Parkway to Woodhaven tof urman-ville Ave. to Penelope follow it to Property, or 8th Ave.

Subway to 63d Drive Tri-Boro Bui to Property. Although rental apartments i A second landscaping opera-! tion involving the planting of 2G.6I3 trees and flowering! shrubs is under way by Gross-j Morton at Windsor Oaks, the comprise the bulk of home construction again this year in Brooklyn and Queens, several fO LONt ISLAND LOT OWN I 0USlUG GUllD I 1 NYC OtllM ll An. MU 7-MM I hundred one-family dwellings ere still beine erected and an new 900-family garden-apartment community in Queens, unusually wide selection of houses and apartments will be George M. Gross, president, an nounced yesterday. Plans also call for the seeding of 20 acres lAnzthstJMLTOn STEINBERG 1 1 of lawns.

Windsor Oaks, at Springfield MEMBER SUFFOLK REAL ESTATE BOAROl open for public inspection during National Home Week. Sept. 8-16, John L. Turner, of Bay-side, vice president of the Brooklyn-Queens division of the Long Island Home Builders Institute explained. "During Long Island's exten Boulevard and 73d is lo cated next to Windsor Park, Gross-Morton's apartment build ing development for 1,633 fami sive observance of Home lies.

In Windsor Park more Week," Mr. Turner said, "pros- than 22,000 trees and shrubs are pective apartment renters and being set out and 26 acres of home buyers in Brooklyn and Queens will discover innumer lawns will be seeded. Designed by Leo Novick, land able advances have taken place scape architect, to create an at mosphere of rural charm and in recent months. "Apartment builders are con beauty, tenants will enjoy spa- tinning the trend open areas ar0Und build during the past few years, ngs. The two-story, red-brick perhaps half of the apartment: wind -or units being of the garden type.Lv nlv Oaks structures occu-17 percent of the 46- See our Kin mwm dm Office-flow jtofinoottjib Here's where you'll find ALL the answers to ALL the questions about the Home in your Future; Here's where you'll find photos, floor plans, prices the exhibits of more than 75 leading builders members of The Long Island-Home Builders Institute.

Here's where you'll find ALL the booklets, leaflets, about equip 1 A iwli or uuee Muries icm, auuiaf.rp traf.f The remaining por-, tion of the land is devoted to equipped playgrounds, garages, ft for her spread over many acres of landscaped lawns," he continued. "The remainder are 6 to 14-story elevator structures, but even with these the modern concept of providing large landscaped lawns, playgrounds and on-site parking is being followed. Competition among apartment builders has resulted in lawns and sitting areas. A number of families have already moved into Windsor Oaks and Gross-Morton reports that the entire job will be completed by the end of this year. Two types of four-room, two-bedroom apartments are offered at rentals of $95 and $100 monthly including, free gas, elec new and better standards of planning, and these ideas will tricity, use of washing and dry-i be widely demonstrated with the exhibition of model apart ing machines and free televi sion antenna.

ment, appliances, financing: ments bv scores of builders during National Home Mr. Turner explained. "The current competition for! tenants has caused builders toj dress up their apartments to greater degree than seen here! New Apartments Notable Addition Admistlon it FREE You rt wsrmly utltomt Hours: 9 A. M. to P.

M.i dih 9 A. M. to 7 P. Thursdays In the highly competilii hnsine "making living" nre apt to forget about the little people ue lme much, but have to leave at home in the mom-ing and very often ee for only fen minute in the evening or perhap jurt over the weekends. To Hollis, Queens Sam Singer announces the completion of the second section of the Seminole Apart Dean ments at 190th to 191st Sts.

ahd MASTIC ACRES AT r7 in many he added. ''More color is being used, rooms are somewhat larger and in most apartment house developments every room has outside exposure. Free on-site parking and garages at low rentals are being almost univer-' sally provided, together with laundry facilities and storage1 rooms for children's vehicles. Concessions in the form of free gas and electricity and other features also are being offered by many builders of rental projects. Some have even provided swimming pools for their Woodhull Hollis, Queens.

Have vou evrr tvondcred wlial is goinp on in their active little mind as Joan playa with her doll? Could il he that he ia thinking ahout a little dream home of her own where she can "Live and Play" to her heart's content? It is quite possihle, because out of the dreams of ouiifi America ha crown the preatest country in the world and it will continue a long as this inborn desire continues. Shirley, L.I. "These six six-story apartments, consisting of 324 apartments and covering approximately a square block, are now renting at a brisk rate," the SAVINGS BANK OF BROOKLYN DOWNTOWN Fulton Street and DeKalb At. INSONHUtSTi 86th Street and 19th Avenue FlATBUSHi Atc.J and Coney Island Avenue CONIY ISlANDi Mermaid Are. tnd W.

17th St; builder reports. A Mmottt They combine the finest and most modern features to be found in apartment house dwell ing. All rooms are off foyer and cross ventilated. Kitchens are SHIRLEY LI exceptionally compact and spacious, plus over-sized refrigera Take any ot thPMe rod Mftlm Huppr acatloas. Rush Building to Beat Credit Rules As Aid to Buyers PriraU cart watint la taka yo and your family out to "A Miraele on Long Island" any timo or day as our guests.

Visit our frao air-coolad aahibit now I And soa our colored movie of this year 'round vacation paradise. OPEN DAILY 9 A. M. to 8 P. SUNDAY 9 A.

M. to 6 P. M. tors. There are spacious closets in all rooms and storage space in the basement.

Playgrounds are fenced in on the premises which makes a safe haven for children. Master TV antenna on an amplified system Is free and makes reception perfect. The rentals start from two rooms at $72.50 to four and a half rooms from $108. Julius Fishkind is the archi Speeding up construction to LARGEST SELECTION OF ACREAGE ON LONG ISLAND Full Hill Acn EttatM Eiul ts II City Lets Ovsr i. FULL Jtl PRICE DOWN Mm WEEK WATERFRONT PROPERTY OCEAN AND SAY IATHINI LOW COST SUMMER AND YEAR-ROUND HOMES F.H.A.

APPROVED AND INSPECTED. YEARS EASY PAYMENT PLAN Ocean tM'ache beautiful casino three, gremi south bay beaches hard aarfaced roads, children's plnytfroimda adjacent to parkways plenty of model homes to choose from- all the room you need for yoar flower and vegetable nrdenN excellent shopping center schools hurche transportation. A full half acre can be ours for as little as S3 I HI after regiilar down payment. ThrouKhout the years experts hae agreed that real-eNtate is the best hedge against Infla tion COMI'ARF: cfflVE OUT, COME IN, MAIL COUPON, PH0KC------J beat the deadline on Use of cer THE KINGS COUNTY SAVINGS BANK Charles D. Bchrens, President James B.

Crane, Real Estate Officer Eastern Parkway at Noitrand Avenue Broadway at Bedford Avenue (PResident 3-7000) HI. tain scarce materials, Jerry Spiegel has announced that the remaining 32 houses free from Federal mortgage credit restrictions in his 360-home develop tect. Queens Homes Sold Trylon Realty of Forest Hills reports the transfer of the fol lowing houses in Queens: 7's- room, 2-bath bungalow at 221. 04 Kingsbury Hollis Hills, ment in the northwest section of Hicksville, L. will be ready for occupancy before Oct.

I. The three-bedroom full-basement houses are priced at with veterans paying $500 down on 30-year 4-percent mortgages. Meanwhile, construction also was proceeding rapidly on a shopping center containing five stores being built by Mr. Spiegel on John near Myers where his furnished exhibit house is located. FIRST MORTGAGE LOANS on residential and commercial properties throughout entire Metropolitan Area ALSO F.

H. A. insured loans Federal Dcpoiit Insurance Corporation ear OUKHT i SCIUSL raw worn MASTIC ACRES AT SHIRLEV, L. I. 300 5th AVE.

Cor. -12nd ST. Y. IS. 4.

8th Eloor WITHOt'T COST OR OBLIGATION SEIVO FREE ROIIVO TRIP TRANSPORTATION ANII FILL DETAIL. BRyant S-4700 Bntatlf ill M.S.I WbTERFRONT ESTATES PRICED Acre. Thws roe TOO SL wlrnt XOll VAGCORDIHO TO LOCATION ran wltk VOU ACRB ESTATE. lor Leonard Lulder to Mrs. S.

Greenspan; six-room, 1-bath brick residence at 97-36 63d Drive, Rego Park, for Mrs. Ella Seibold to Solomon Pickholz; eight-room, 1 'i-bath corner house at 89-20 63d Rego Park, for John raw ley to Thomas Rooney; and the five- NAME ADDRESS. CITY STATE. ACT XOW! Picture yourself end your tsmily os yeur own Acre Ests with its coiy eoHsoet, modere rlsble end bewv bssutiful lews, qardeni. irult trees, poultry, ponies, cows.

Tessii eourH, swiriQi end msny etKer exjoyskls venieneei, too numerous to mention. ZONE. Boyi! CirUl It', utiral! El. Srpt ISS1 room brick dwelling, with ga- rage at 61-67 77th Place, Elm jBe sore fo Read "TV REVIEW" in the BROOKLYN ErwrMf dot limmj Mirpkf'a YOUNG BROOKLYN IN SPORTS fk if tit MctMi tr tk Brookljri Etgh nuitsi, ior aiepnen reeman io Gustav Schwarzwalder. EAGLE Every Wednesday, Friday and Sunday.

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