The Honolulu republican. [volume] (Honolulu, T.H.) 1900-1902, 1901-03-17
sTmDLlN uNt
n PROPERTY VALUES
ROOKIE LOTS SOLD TOGETHER
WITH LEASES NEAR
WATERFRONT.
Queen Emma Place Finds No Buyer
Large Figures Realized for the
Two Other Rookie Properties
Curious Variation in Values

Morgau's auction sale of the Rookie
urnuarty at noon yesterday attracted |
a large crowd of solid men Among
others were present: C. Hedemanh- |
Judge Humphreys, Bruce Cartwright
Harry Armitage, r W. Shingie' Heniy
Waterhouse, A. ". Carter, NJ
Swanzy, W. F. Allen E. A. Mott-SmItn.
Harold Mott-Smith, Cecil Brown, j. r.
Colburn. Prince David Kawananakoa,
". C. Weldon, c. S. Desky, A c. Love
kin. WIZARD Brown, ]. A Aagoon, j.
Nendonca. s. E. Damon, T. R Walker,
". w. Hall. H. VI. Dow, j. H. Fisher,
T. ] King. p. NJ Pond. j. Dowsett,
Fred Macfarlane, Larry Dee, r. A
Schaefer. G. r. Carter, j. NJ. Monsar-
rat and Q. H. Berrey.
Before the sale of the Rookie prop
erty leases of the Brenig block ana
| lots in that vicinity were put up with
the following results:
i Brenig block-Frontage on queen
| and Nuuanu streets Lease from June
/ 1906. at upset monthly rental OF
| s1a5 per month. 1t was knocked down
TO Harry Evans for the sum OF slto-
Lot frontage of over q feet on
| Queen street. Upset rental of sS5 per
month. Sold TO Chong Wal at $50.
Lot 3-Frontage on Nuuanu street
| Upset rental of SIS. Privilege of Lot
4. Both lots sold to Yong All Mn at
$40 rental per month. apiece
Lot I. with privilege Of Lots ana
SAUpset rental of s25 per month
This sale was the most exciting OF the
lot. The bids were run up to $l12-50
and then knocked down to F. NJ Swan
Zy.
Lots 6 and upset rental of S25
per month. Sold to s. w. Lederer for
$3.50 apiece
Lot s-Upset rental of SIS pei
month. Sold to Honolulu Iron Works
for $3.50.
. The aggregate rentals are $714O
wear. The leaseholds are all adjacent
to the waterfront.
Then came the Rookie sales.
Lot B, 1884 square feet at the gore
/ of Union and Hotel streets was pu
: up at an upset price of $4,000 and was
sold to Harry Armitage for S22,400
Lot A, 2S,621 square feet extending
, from Fort to Union streets, was offer
ed at an upset price of $4,000, bu
1
nor at $4,000. Finally it was offerei
i at $4,000 and was at last sold to c
5 Wolters for sS0.500.
; Lot C. the Queen Emma Hall prop
l erty on Nuuanu street running from
: Beretania to Chaplain lane, was Offer
$ ed for $4,000. There were no bidder
: however and the property was with
< drawn.
Il
+ The price given for lot B is equal I
1 $3.50 square foot, as compared wit
a an average of $5.72 paid for the Youn
e block site, as will be found on refer
i ence to the figures given by The Re
+ publican a week ago. In the article o.
t the Rookie sale last Sunday. it wa
held that lot A might fairly be con
pared in value to the Young block site
Yet the price realized yesterday 10
lot A is but a shade over S2.S1
!, square foot This is the more remark
!. able when the proximity of the tw
q Rookie lots is considered, besides tn
!. fact that lot A has an aggregat
!, frontage on two business streets neal
i ly three times as great as lot B. Tn
. former has los feet on Fort stree
: and 1S4.3 on Union street. while tn
). latter has 500 feet on Union and IA.
y on Hotel street.
4 Perhaps the greatest surprise of tn
sale is the failure of the magnif1cer
Queen Emma Hall site to attract il
. vestment. by any individual or syl
dictate. It is within the realm {
probability that some men who atten'
l. ed the sale viii Before MAN. years ar
. past regret this opportunity. Som
e people smiled when. shortly after tn
Y Chinatown blaze, of 1886, the site {
n the present Waverlev block was e,
!. plotted for sale as likely soon to b
Il included in the most frequented bus
r | ness nnarfer