The Birth Of The Half Moon Co-Ops
Below is an article that appeared in The Irvington Gazette on Thursday, July 10, 1952
LINK to full edition of The Irvington Gazette from July 10, 1952

Preliminary sketches of the Half Moon garden apartments together with details as to the sale of individual apartments on a cooperative basis, were made public today by Morris and David Bogdanoff who plan to build the proposed 215-family development on the former Mairs, Calvert and Luke properties.

The announcement was made in conjunction with an invitation to the public to view the site of the development beginning with the coming weekend. In a statement made public in advertisements appearing today (That advertisement is at bottom of this page.), the builders say: "In keeping with our established practice, first opportunity is being offered our neighbors and friends one week in advance of metropolitan advertising, to purchase these 2-story garden apartments, each with a separate entrance and an unparalleled river view in a 19-acre park."

The sketch of the first unit of the apartment group to be built on the south end of the property adjacent to West Clinton Avenue, shows an attractive series of two story structures of brick with gable roofs and second floor open porches over the entrances which are grouped in pairs. The buildings have a distinctive appearance of being individual, in fact as well as in name, because of the setbacks which eliminate the impression of a single straight line of buildings.

The initial cash payment required for a 4-room apartment is $950 and monthly charges, which include interest on the underlying mortgage, amortization of principal, taxes, gas, electricity, heat and inkeep of grounds is $75. The initial cash payment for 5-room apartments is $1,300 and $1,400, depending on the suite selected, and monthly charges are to be $94. On 6-room apartments, the initial payment is $1,700 and $1,800 with monthly payments of $112. The amortization is based on a 40 year period. Each apartment is to be fully equipped with range, refrigerator and lighting fixtures.

In accordance with provisions of the Federal Housing Administration, preference will be given to veterans but there will be many apartments available for non-veterans. The F.H.A. has issued a commitment for the guaranty of a mortgage of $2,306,900 to finance the cost of construction, condition on the sale of 90 per cent of the apartment units.