New-York tribune., 1906-03-17
ONE PLACE FOR LEGAL SALESI
COURT DENIES APPLICATION TO HOLD THEN OUT
SIDE TESEY STREET ROOMS
Corner Parcel in Fifth AUenue To Importation Long Island
Tract about s3OOOOO

Inc Appellate Division of the Supreme Court
Yesterday denied the application to change the
place OF judicial sales on real property in The
bronx In denying the application the court
said in part.
we do not think that at the present time this
up @Ppiic1tloh should be granted. When the ques-
c+oI VI pIoN4ulhS some place for making judi
la safes was presented TO this court, most of
me Ieal estate brokers, through a committee,
afuplIIlteo f a proposition whereby certain prem
I9es were 10 be hired by or for them, upon this
court designating the place as selected in the
I'1n: Te1IeSIoon: This was done, and under that ar
IaHSement a lease of the premises was exc
CCled' Under this lease, liability for the rent
was necessarily imposed upon the Iessees, and it
appeaIS tnat the receipts from fees, if they
cquaIed DID not exceed the necessary disburse-
ments of maintaining the exchange To divert
tEe business to any serious extent, which would
De tle result of granting this application. would
ne TO increase the burden of those obligated on
me me present lease This, We think, would be
unjust and would serve no useful purpose
we also think that the interests of the mort
SaSeeS are entitled to consideration. The ex-
lSlIS arrangement by which all sales of real
estate uhless for some special reason a differ
~ U!FScloh Is made in the decree. should be
helo IN one place has been in operation for
many many years, and the existing mortgages have
peen based upon this rule. In all cases where
mortgages are fOreclosed the mortgagee must
pe represented al the sale to protect his interest
II would materially change the situation if the
hoftgaSors who reside in the lower part of this
city, or whose representatives reside there were
CpIlpel!ed 10 attend the sale in The Bronx and
DrODPrtV
eApoSeu IOr sale Will bring a higher price than
Mhen sold at the exchange salesrooms, where
!he investors and purchasers of real estate are
AZ Ihe haDlt or cOngregating. To disturb any of
the eXlstlng conditions in regard to the sale of
inortgaged property under judgment of fore
DIOSuIe might make serious difference in the
Willingness of capitalists to invest in mortgages
IN he Bronx, and we not at all satisfied that
such an arrangement would be an advantage to
mortgages upon it.
The motion is denied, but with leave to renew
Nheh The existing lease Of the present exchange
is about TO expire
Plans have been filed for the enlargement of
the old style three story loft and store building
at the northwest corner of 31st st. and 9th ave.
owned by the Dinsmore estate 1t is to be ex-
tended thirty feet to the building line and
fourth story added. facade of ornamental
brick will be erected, with grillwork windows
at the first story. The Improvements are to be
made for DuYeen Brothers as leSsees, and are to
cost $4,000 according TO the estimate of Nc
Kim, Mead & White the architects.
Clarence True is preparing plans for the i'm
prOvement OF the parcel the south side of
Both ST. between 9th and 9th aves owned by
Henry J. Baker. The houses are to be altered
into business buildings at a cost of about $1OO-
Florence c. Smith. representing a syndicate.
has bought two parcels aggregating over lib
acres on the east side of Springfield Road and
north of the village of Springfield, Long Island,
from James c. HendTiCksOn, for about 100000.
one parcel of lO3 1-3 acres at the northeast
corner Of Springfield Road and Central
has frontage OF ,45S feet on the east side of
Springfield Road and 2,27S feet, or nearly half
mile on the north side of Central ave. The
other parcel comprises sixty-eight acres, and ad-
joins the larger tract on the north. 1t has
frontage of $50 feet on the easterly side Of
Springfield Road and is 3,475 feet in depth. The
105-acre tract is said to have been bought by
Mr. Hendrickson from the estate of Nicholas
Krumnenacker for $S1, ,646; The combined par
GELS carry mortgage of $4,000.
Mary NJ. Carly has bought from Theodore F.
Archer two plots at South Jamaica, aggregating
about 42$l acres. about a quarter OF a mile south
of the Brooklyn water works conduit One Of
10 acres has frontage of 4SO feet on the east
side of Bersens Landing Road, and extends
eastwardly to the Jamaica sewage disposal plant.
The other, of 3612 acres is on the easterly side
Of the disposal works, and is bounded on the east
bv Doughty's Creek. It has a frontage of 2l3
feet on the east side of Bergen Landing Road.
A purchase money mortgage of Sl1,S96 is given
bv James Van Sicklen The property is said to
be worth $4,000.