New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-24

3. e. SIMON DISPOSES OF ALL THE MORGENTHAU
LOTS OF THE BATHGATE- BECK TRACT.
The Zaba House in Wet 56th-st Changes HGdA $4,000
Grammar School for the Loucer East Side Planned

One Of the most marked successes OF the year
ct the New-Tork Real Estate saIesrooms was
achieved yesterday by R. E. Simon. auctioneer Of
the real estate firm Of L. J. Phillips Ce, by the
sale Of three hundred lots forming one Of the
choicest sections of the original Bathgate-B Beck
property In The Bronx The plot of lots was dis
posed OF at astonishngly bargain prices the total
sum OF the sale being more than S1,25oOOo. It was
the general opinion in estate circles last night
that al OF the buyers could find a ready
market for the plots which they bought at con-
siderable advance over the sum they paid There
we're several instances OF this being a fact at the
sale one person to whom a plot had been knocked
down asked the auotioneer Just as he was offer
Ing for sale another parcel II there was any rock
on the plot just sold. and he replied that there
was. and added that IL the buyer desired to with
draw as the purchaser such a desire would be
granted. The purchaser said he did not want to
take the property account OF the rock on It, and
the plot was at once offered again. and brought
considerably more money.
The property sold wss owned by Henry Morgen-
THAI he took over the property some weeks ago
from the Central Realty Bond and Trust Com
pa1y, which purchased it several years ago. When
the deeds Of the property were turned to Mr.
MoTgenthau the tract resembled splendid stretch
Of woodland, He set to work several weeks ago
70 prepare it so that its advantages could be
quickly seen by prospective buyers. He laid out
streets, excavated the lots. laid tagging and out
down ell the the property. The parcel Of
ave. the Boston Road and the Southern Boulevard
Several Of the blocks OF the tract within half
block to block of the rapid transit station at
rlth-st and the FTeeTnan-st station Of the same
line The tract IS also within easy reach Of various
trolley lines and the Third-ave. elevated road
Already plans have been hIed for the Improvement
OF many plots nearby, at cost or several million
dollars, one OF the largest companies which viii
undertake the transformation OF adjoining parcels
being the wilkins Realty Company. It is expected
that many OF the buyers OF plots yesterday Will
Immediately begin similar projects, and It Is
thought that by NEXT spring this section of The
BTonZ Will be one OF the most thriving and best
improved north of the Harlem River.
One OF the largest and most fortunate buyers
WaS Charles Il. Hansen. Among other buyers were
Leopold HUtteT, the Stability Realty Company, thu
Hudson Realty Company, Lowenfeld Prayer, s.
Jacobs, the Johnson-Aahn Company, J. Clarence
Davies, The Howard Realty and Construction Com
paQy and Samuel Mcmillan.
Not only was the sale probably pleasing TO the
public, but also to the seller, Mr.. Morgenthau, as
he took over the property at g price which would
be considered reasonable before the unusual pur-
chasing movement IN vacant land was well under
way.
Mrs. J. P. Coin has bought from Andrew c. Ia
br!sl@e No West b6th-st., four story brownstone
dwelling house, on q lot 25x75 feet. The house Ii
Presbyterian Church property
c. =. J. Snyder, chief architect Of the Depart
ment Of Education, has fled plans with Supsrin-
tendent Hopper for new five story drepgoof school
house, to be erected at the southwest corner OF
Pitt and Fivingtoa SITS, and to be known new
Grammar School No \
has long been inadequate 10 house the tncTees-
ing number OF the school children Of the Ghetto,
The building will be 70 feet front and 100 feet
deep. and will have FACADE OF Dick trin1Inea Win
two buildings Will occupy the entire block front,
from P1tt-st- to Rtdge-eL