The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-24
The REAL ESTATE MARKET.
BATHGATE.BECk AUCTION SALE
REALIZES S1,IO2,3OO.
Tho United States Realty Takes Pront
on . Columbus Avenue Plot Between
the Hotel Empire and tho Colonial
n Thcater--Purohase by Mrs, j. p. Coin.

Tho United States Realty Takes PToht
on . Columbus Avenue Plot Between
the Hotel Empire and tho Colonial
q Theater--Purohase by Mrs. j. p. Coin
Three hundred lots; forming part Of the
old Bathgate BECK estate In The Bronx,
and belonging to Henry Morgenthau'
we're offered for sale at auction in the Nesey
street exchange room yesterday by II. +.
Simon from the stand Of l.. j. Phillips Il
Co. The property lies between the South
ern Boulevard and Boston road; near the
seat OF the great speculative boom OF last
fall. 1t has been Out up into CITY BLOCKS
and subdivided into lots. with view to
making 1t possible for prospective buyers
TO proceed Immediately with building
improvements The sale had been ex-
tensively advertised. and every preoaution
had been taken to insure active competition
end the highest possible prices.
The property Is between the Second
avenue elevated and Subway lines and the
Third avenuel elevated. The Boston road
and Southern Boulevard trolleys pass
through 1t. The ground Is high, and there
Is no rock to increase the expense OF i'm
provement. The Bronx and Crotona Parks
are close by, the former within eight blocks
and the latter almost opposite the prop
erty. Prospect avenue, the principal resi-
dent avenue OF The Bronx. Is within block.
The population OF the city 10 growing at
the rate OF between 5000 and 10 600 week.
the tenement sections OF Manhattan are
overorowded, and lots In the central borough
comparing In accessibility with those in
the Bathgate-Beck tract are selling at
$1,000 and upward.
For these reasons II was expected that
yesterdays sale would furnish a thorough
test Of the current demand for Bronx lots
and that 1t VI ould show whether the boom
prices of last fall were justified. The sale
Il said to have Melted handsome profit to
Mr. Morgenthau. In other respects 1t
was q disappointment. The prices were
decidedly below those that prevailed in
the immediate neighborhood last year.
Some Of the best lots were withdrawn be-
cause Of the unsatisfactory bids recei we'd
and the rest went for the most part to q
comparatively small group OF professional
operators. OF the 800 lots offered Pts were
struck down for total Of 81, 100, 800 or an
average Of 33.985 each.
A plot at the junction OF Boston road
and Stebbins and Wilkins avenues contain
ing about Q ,zo4 square feet went for 81 900;
It was considered to be worth bout SEQ 900
Lots on Stebbins avenue brought 81. 900 to
S4lO lots on Wilkins avenue. IS, 800 to 81 $50
lots on Charlotte street. $500 to So, 400;
place and Boston road, $4,000 to s., 100; lots
on Southern Boulevard, 1926 to So, $780,
lots on Hoe street. 81 $50 to So $50, and lots
on Vyse street, 81 1925 to So, ASH.
Davies, Lowenfeld 4 Pra ger, Andrew Brice,
M. +. Van Axt, Leo Hutter. the Sta bility
Realty Company, Ferdinand Hecht. Cha res
N. Hansen. Louis Lese, Samuel Mcmillan,
Joseph Roberts, Louis Bauer. Henry Sper-
ling, Solomon Jacobs, Henry Wscker,
Benjamin Applebaum and the Johnson
Kahn Company.