The Brooklyn Daily Eagle from Brooklyn, New York • Page 52

BROOKLYN DAILY EAGLE, NEW YORK, SUNDAY, APRIL 8, 1934 Cut Citv Costs And Realty Tax Will Be Lou er That's the Solytion Which Heail of Kcaltj Service Firm Offers to Owners Modi Apartment Buildings Located in Progressive Sections Real Estate Men Initiate Owners, in Flatbush Board Organize Clonring House to Halt Conresisiop That Lure Tenants em 2 The Flatbush Real Estate Board is making progress with its plans for a Clearing House for Apartment Owners in conjunction with its regular activities in the interest ''of property owners in the The clearing house was organized for the purpose of organizing owner's In the locality with a view of, discouraging the practice of making rent concessions to lure tenants from one building to another. David Goldsmith, reported at the 'last meeting that his committee is making remarkable progress with the enterprise. A Better Business Conduct Com mittee to replace the advertising and grievance committee was ap pointed with William Woods man; Jerry Kern, Irving Platkin, Eddie Sullivan, John Mandola and Sebastian Spinelll. This committee will smoothen difficulties arising between members and endeavor to prevent misleading advertisements. A salesman's committee was organized in the board with Charles Sweeney chairman and Forest Wilkerson, vice chairman.

This committee will arrange meet ings of the real estate salesmen connected with the offices of members of the board. 4Vnv i -At li sVPl if It'll' I U9u iSiw I v-' iW tnh'f iVPtlJ? th cn -i-l 1 iv1 I 1 rt1 1562 Ocean Ave Magmre Mullowney, agents 1 253 Washington G. F. 4 1" Partrick, agent. VrS 1 ro 1 8735 Bay Parkway, Colonial Realty agent.

4 By A. N. GITTERMAX Everyone having any interest in real estate and directly or indirectly that includes everyone should consider carefully the prospective damage that may be inflicted upon themselves by the hysterical to lower the assessed values on real estate (or the purposes of raising taxes to support the city and State aovern-ments, schools, police and fire protection and service essential to life in the community. It Is a fallacy to expect that lowering assessed values will lower taxes and warning against such an error should be issued to everyone by the State and city administrations. No escape lies from the fact that whatever sum is necessary to pay the cost of government, under our present tax laws, real estate must pay its fixed share of that sum regardless of whether the assessed value is reduced 75 percent or raised 100 percent.

Will Pay Same in Taxes The cold fact is that if assessed values are raised 100 percent, real property will pay exactly the same taxes in dollars and cents the tax rate will be merely one-half the present rate on twice the present assessed value if the assessed values are reduced 75 percent the tax lVe will automatically increase 75 pevcent and taxes paid in actual dollars will be the same. Admittedly discrepancies and inequalities of basic values assessed against individual properties should be corrected and fair equalized assessed values should be adjustd on all real estate. But the whole price and market value of all real estate, which is essentially different from the assessed value for tax purposes, should not be broken down and thrown into chaos, by such a ridiculously and uneconomically unsound procedure as that proposed in a general marking down of assessed values, now being so hysterically proposed by so many misinformed people and institutions. The "proof of the pudding' exists in the fact that in the past two years the assessed values of New York real estate have been lowered about 10 percent and the tax rate has ben increased in the same proportion and the dollars and cents the taxpayer will pay will amount to practically the same. Two clear steps must be taken to relieve rea estate of the unbearable load of taxes now levied upon it.

1 Reduce the amount of money spent for State and city government services. 2 Amend the laws to reduce the share of city and State government costs that may be levied on real property and divide a larger port on of the cost on other social and industrial persons and groups who receive the benefit of these services. With the present demoralized situation of the real estate market and the billions of dollars invested by mortgage holders, saving investors, life insurance policy holders savings bank depositors and similar large groups frozen and in jeopardy no more constructive move to reestablish confidence and restore and stabilize values and credits and promote business could be made than for the Board of Assessors Immediately to raise the assessed valuations on all the land itself In the citv at least 25 percent and estab" lish a fair rating of the intrinsic worth of the actual land space in Greater New York. Buildings mid improvements on the land itself economically require a separate basis for determining their assessed rating for taxation and proper measuring differentials should be established in appraising buildings and improvements for tax purposes because they are distinct from actual land values which after all underlie every business, Industry and chance for human existence. The rising costs of lumber and all building material and labor and the recovery of business and prosperity that seems to be assured in the near future, suggest that the artnal value of buildings and re 1535 Ocean John F.

James Sons, agents. REAL ESTATE Long Island Property 16-R00M COLONIAL MANSION LONG BEACH, L. I. mmm Beautiful Colonial house situated in the best residential section of Long Beach, 200 feet on Laurelton Boulevard, between Beech and Penn Streets-; only 8 minutes walk to railroad station and 2 blocks to ocean; close to schools, theater and' stores. Consists of 16 rooms; baths i' sun parlors: norches: nil heating system; electric refrijr-1 erator; easy terms.

For Information wrltr, Salmon Rrnltv 858 West End Avenue. N. V. LITTLE AS $475 Terms if Desired 1640 Ocean Parkway, Prudent Management, agent. containing 16 rooms, to a client for occupancy.

The same broker sold a furnished room house at 36 South Portland Ave. for Luella Starling, to Edna Salter. REAL ESTATE Long Island Property REDWOOD COTTAGES ON DISPLAY ih iP tyh tf.q C. a 0 -fl 0 CREATEST VALUES EVER OFFERED April Leasing Shows Cain Over Spring of 1933 Borough Apartments Are Filling Up and Demand Grows, Broker Reports Apartment rentals in Brooklyn are much more active, at present, than they were a year ago, according to Frank M. McCurdy, broker of that borough.

"Beginning with the early part of March I have noted an increase in the weekly number of apartments being rented. This has continued to hold true and has shown a steady betterment up to the present," Mr. McCurdy states. "Along with this renewed demand, there has been a considerable decrease in the amount of empty apartments. I would estimate from my contacts with various sections that the percentage of empty apartments is from 10 to 20 per cent under that in the Spring of last year.

"This improvement has not been limited to any special area of Brooklyn. Renting agents in Flatbush, Bedford. Bay Ridge. Fort Hamilton, Coney Island and other communities are unsually optimistic in regard to the apartment situation. "Most of this increase in rentals is credited to the breaking up of the practice of 'doubling' by two or more families, which was so prevalent in past years.

It is a voluntary action on the part of these families and indicates that the 'doubling' problem will become less and less a handicap to normal renting conditions in the coming months." Mr. McCurdy declared. "While this is to some extent to a genera! improvement in business, yet I think that the change in the mcrjtal attitude of people Is of equal importance. It is to be noted that where, a year ago. they were 'freezing' to their money, today, there is a growing amount of spending and circulation of money.

"Department stores, which are a good barometer of the average family's spending, report a very substantial increase in the dollar amount of sales; theaters and other amusement centers are pointing at bigger receipts; motor car agencies have had the most satisfactory early year sales for several years, and many other business houses are reporting that spending is much more liberal than it was. Tt is encouraging for both the present and the future of the apart- ment renting season in Brooklyn, prices are still under normal tnese Present rates the apartment owners have little chance to profit but the renewal of apartment demand is a first step towards recovery. A general absorption of the supply of empty apartments will do much to raise rentals to a fair profit level." MANHATTAN DEALS Arthur Eckstein, sold, for investment, to 157 E. 90th Francis J. Mottey, president, the five-sory ten family walk-up apartment, No.

149 E. 90th Manhattan, 25x100 and the two three-story and basement 'private dwellings at 151 and 157 E. 90th 12'a xlOO each, located east of Lexington Avenue. slllli Parkway, John F. James Sons, agent.

of low cast housing plans which have not been submitted elsewhere. From 10 to 15 projects for slum clearance and low-cost housing construction will be shown. CAPE COD DESIGN TH WONDER HOUSES OF TODAY Cobblestone fireplace, lifetime roof of Redwood Shingles, the wood dependable for durability, service ond beauty. Sturdy con- struction. Finished strictly in a fine workmanlike manner.

Make this the year to own that "lono wonted SUMMER RETREAT Inspect our MODEL WONDER HOUSES. NOW OPEN FOR INSPECTION ON PREMISES HENRY W. BURT, INC. JAMAICA AVE. LUMBER MILLWORK JERICHO TURNPIKE FLORAI, PARK, L.

I. PHONE OR WRITE FOR BOOKLET REAL ESTATE REAL ESTATE Long Lsland Property Long Island Property ONG ISLAND LEASES Among the deals for the week reported by West Division Corporation is a house rental at 146-57 Brookville Boulevard, Rosedale, owned by Greater New York-Suf-folkkk Title and Guarantee Company, leased to Edward Murphy through broker. K. W. Haslam.

Apartment rentals include leases made for Greater New York-Suffolk Title and Guarantee Company, at 1443 Broadway, Hewlett, to Herbert S. Archer; at 55 Stratford Road, West Hempstead, to Mrs. Selma A. McKinley, through broker, R. G.

Smith, and at 41-34 69th Woodslde, to Michael Malone. For New York Life Insurance Company, an apartment at 78 Burr Hempstead, to Paul L. Nace through broker, Frank G. Dunn. For Estate of Mary Duggan, an apartment at 136-44 Madison Flushing, to Mrs.

J. Hainey, and for E. R. Devereaux, an apartment at 42-06 Sanford Ave, Flushing, to Mrs McKean HILL SECTION DEALS J. J.

Garrahan in conjunction with Bulkley Horton Company has leased for a term of years, 8 South Portland ft four-story and basement brown stone house, CARRYING CHARGES $16 PER MONTH lite loKftgfgyiN Long Island Real Estate Board, Inc. 90-04 161 st Jamaica," N. Y. REpublic 9-8700 AIMS and POLICIES To unite lh llcenaed real estate broker of fh. eornrnunitle, rd br the I.r t.rztiSL'mu'mMt tni To public Improvement realtor are .11 fonenil flture their' Th" vltallj their town your town.

owner w. of these re.lton. They rijbtfullr "nwuiir production costs will have an in ruthfr than diminishing market and assessable value in the next tax vear nexi i flmwintr Demand for I HoiTieS in Jamaica The early Spring activity is an Indication of a greater real estate niarketk in 1934 than that of the past year, according to Frank A. Droe.sch, president of Droesch Sons, Jamaica, who reports three sales and rental during the past week. A two-family house in Jamaica was sold to John and Madeline Lachner.

A house In Jamaica Estates was sold to Fred C. Krackek, and a 3-story storo building in Woodhaven to Yens Christioasen. The Arm rented the 4-room apartment at 8538 Woodhaven Boulevard, Woodhaven, to Mrs. Ida Recher. ever offered in nssaii oiml The Adjoining County to New York City 201 Eastern RENTAL GAIN IN QCEENS Figures compiled by the Queens-boro Corporation for its rental business during the first quarter of 1934, Jan.

1 to March 31, show a marked Increase over figures for the corresponding period in the past three years. The total of 176 new families in the restricted section of Jackson Heights, during the past three months, represents an increase of 30 percent over 1933. Of this figure, 76 families rented during March, in spite of the unusually inclement weather prevailing. This is an increase of 130 percent over the figure for March, 1933, according to R. R.

Lassiter, vice president of the Queensboro Corporation. SALE IN MAPLETON SECTION Schimmer and Kerner as brokers have sold for Samuel Barkin Sons, 5306-14 16th a one-story taxpayer having five stores on a 59-foot plot. Tihs property was sold to a client of Emanuel Mor-ganlander, attorney. REAL ESTATE BUILDER OFFERS Homet Tbit Ctn't Be Duplicated for Tbii Price mm $28 A House You've Always Wanted at i Price You Never Expected! 6 eitrt large roomi, antra larqc tinlihad roum In ullir, colored tile bath and tlx turet, ttall shower froited glm door, tiled kitcheninlaid linoleum, modrrniillt gat range, finished laundry tn cellar, white larcelaiH tuba. City Sewers, Paved Street Kitehen unit, Frifidaire.

Svaniih tile root brau ilumbiM, fetal weatherttriii windows nd dnar, eeaptr leadtri and gut tart. Ffitwh deiign, Tn hardwood tioon, span tirealaee. Craftei deeoratient through- out, electric ehlmfi throughout, extra lav atory, plot about 3,000 iq. It. landiraped.

114-56 Colfax Hollii Urhn wit QiiPf-ni Wirt. 111111 in Hprlnxlif titinrisltt on M-irini-ftt'M Blvfl, to t'oirm Ht, nl Proper I or Highway or Merrick Road, turn Itft. on Hirln(tflrl-I Rl'l. tn Cilfaj; Ht. ami ITnperly.

or Jamaica 1n l3rd 81. Rt Trrminal. Tskf St. Bin tn PropTty. I'hnnr II KfivbHr Architects Sponsor Housing Exhibition The second housing exhibit arranged by the New York Society of Architects will be hld on April 19th, 20th and 21st at the Architects Samples Corporation, -01 Park it was announced today by Col.

Louis E. Jallade, president of the society. While the first exhibition of the society, held in February, contained only housing projects approved by the Federal Housing Board, the new exhibit will include a number REAL ESTATE Long Island Property 1934 VALUE Which Defie, Comparison! SOLID BRICK Rooms Completely Detached Including Plot 40x100 $5700 Monlhly Cirrylnt fhrf In the Incorporated Village of MASSAPEQUA PARK LONG ISLAND L. I. R.

R. station right near homei FKATCRKS Llvlnn room real Iok-burnitiK fireplace, built-in booK cabinets, dropped double oak Itoor. Plate (tlaKs shower door, colored plumbing fixtures, Hollywood baihroom. chromium flttinKs. needle shower and spray, furnished dinette, complete kitchen cabinet, electric rofrinerHtor.

Manic Chef teas ranso. Inlaid linoleum, recreation room brass piumb-inft throutrhout. sleel Rit'ders. At Bovnton Iwller. domentic hot water attachment, copper leaders and sutlers.

Brady, Cryan jCoIIeran 450 7th New York City Telephone PE. 6-1234 REAL ESTATE HEAL ESTATE Long Island Property Lung Island Property The Seal of Safer Real Estate Guidance Corona APPROVED AGENCY t02-O4 Itoaseralt A. BATenirar 4-S951 PATRICK A. PERETTA 37-H9 10M St. UAr.meyrr 0-IT25.

For Rockawoy JOHEPII D. MORRI5 CO. lion Molt Am rAr Rn-kiwli T-tltl Whitestone EDWIN P. ROE Moth St. riuililnf I-U2S Flushing EVA RHORTELL oiw Html.

Independenc, 3-1812 Ol INLAN. TERRI ft JOHNSON. Inc. Rnralt ATI. Fl.mhlfi, 1-1000 Jackson Heights WM.

GRAHAM CO. X717 Uobsevelt Ave. Newtowo S-4100 FRANK O'HARA, Ine. 4010 HH HI. Newlowri 0-700 Jamaica DROESCH A SONS.

Ine. 1411-117 An. JAmnlci HMD Long Island City EDMUND A. GEIIAN 211-13 i. Am ASlorli I-43J7 GEORGE J.

RYAN A. IRonilrl. S-S10S Long hland City LEONARD R. HKRRSCHAFT Jr 43-05 41t t. 8TII11I 4-07SH ORI.O REALTY CO.

iam Skillnun HAnmrir I-I5M QUEENS The led In whh with one your $2990 FEATURES a Hot Wattr Hut 0 Colored Til, Bth 9 Craftei Willi Brau Plumbtnf Conrret, Foundation a) Double Conitruetlon Lath and Platter a Large Cloiitl Oak Floori a) Spafinui Roomi a Chromium Hardware a Double Floori aj Large Llvino Room Here your where Every in you walking etc. direct Moipeth TRACE BROTHERS 0617 Grand Ate. NEwtown t-Uil EDWARD W. COX 01-47 Miipeih A.e. JDelper SdHt Queens Village MEXICK GARRADE, Ine.

219lli m. and Ave Ulnourl r-M0 Woodside WOODSIDE REALTY CO. IS-4 61, fit. HA.rm.jrr 1-ISOO OTTO WIRTHIS 470D 7th Mi STHInell 4-3134 NASSAU Freeport WM. G.

MILLER, Inc. 24 South Orovt St. k'raaport 405. Garden City GEORGE M. TAYLOR.

Ine. 101 Siirentl! Harden Cllr 1401 WM. F.NEQUIST. Ine, cor. Aie.

Oirden City SO Roslyn BOSUN ESTATES North lleniPKU'iiil Turnpike. Hoilyn 380. SUFFOLK Westhompton Beach EDWARD H. ROGERS tllln St IS27 Brightwaters II. WARD ACKERSON Country It-! liny slmrt 570 BROOKLYN HOME TITI.K GUARANTEE CO.

51 Wllloushlif Ht. TFtlnniU MANHATTAN JAMES R. MURPHY Inc. 217 Broidoay. COrtltndt 7-4)43 is an opportunity to own the home of dreams.

Situated in an atmosphere you con enjoy the utmost in living. modern feature has been incorporated this "Everymans" home that will afford every comfort and convenience. Within distance to station, stores, school, Only 55 minutes by fast electric trains from Penn. Station; New York er Brooklyn. Over 50 trains daily.

Convenient to Janes Beach and Ocean Bathing. CONVENIENT to JONES BEACH and OCEAN BATHING MODEL HOUSE NOW OPEN FOR INSPECTION McCOLRICK BUILDING CORP. 200 w. n. y.

Gentlemen: Without obliaation to mc send full particulars and FREE RAILROAD TICKETS to inspect model house. NAME ADDRESS OLD BROOKVILLE, L. $65,000 dwelling recently completed. Large tnmmh. Interior appointment equaling Ptrk Avfnuc'n flnet apartments, matcr, ft nrrvintK' rooms, ti hathx, oak paneled library, wide hall, patiu porch en.

Heart of North Shore ridinir country, adjoining estates of New York' most prominent families. Not hint comparable within tij.VOWi of prire askfd. Own'r, Henry Plernon, Room JMS, Broad New Tork City. Phone JUby 4-A410 (evening! phont BUrkmlnnter.