Based on other similar bicycles produced by Chain Bike Corp as this one was, I believe your bike was built in the late 1950's
Here is a short history of Chain Bicycle Company responsible for producing your bicycle.
Albert Ross, founded the company in 1940 as the Ross Galvanizing Works. At the end of WWII the company switched to the manufacturing of wheeled goods including bicycles, tricycles, wheel chairs, lawn mowers and roller skates. The company was incorporated in 1946 as Chain Bike Corporation. The company moved its manufacturing plant to the old Arverne Hygeia Ice plant in Rockaway Beach, Queens, New York in the 1950s. By the late 1950s they were solely manufacturing bikes and trikes. At the time, Chain Bike Corp., was the 3rd largest domestic producer of bicycles after Schwinn and Huffy. In May of 1982 the company re-incorporated as ROSS Bicycles. All manufacturing stopped in 1987. The factory was vacant for a year and in 1989 the ROSS Bicycles company went bankrupt. The ROSS name was purchased out of Bankruptcy Court by Rand Cycle (now Rand International), Farmingdale, NY.