New-York tribune., 1907-09-04
THE OSTEND LOTS SOLD
AMOUNT PAID SI36, 800.
LiOely Bidding Also at the Staten
Island auction Sale.

Joseph P Day got at auction Labor Day S136.
5Oo for 120 Far Rockaway lots II was on last
Friday that the Banster Realty Company. which
owned the tract decided 70 offer the property Tor
sale at auction. Four days is very brief period
10 place before prospective buyers Of lots notice
OF such an important sale. but Mr.. Day and his
efficient Office staff equal 10 the task set be
fore them. Had there been bidders at the sale
the Banister Realty Company would undoubtedly
have lost large sum Of money But notwith-
standing heavy downpour of rain and the proba-
hility that the storm would rage all day. at the
hour for beginning the sale, which was 1880
O'clock one of the largest number of persons ever
present auction sale Of suburban lots was on
the premises Mr.. Day was overjoyed at the size
Of the crowd, and when he realized that nearly
every ore present was eager to get one or more OF
the plots he was so happy that it is impossible to
describe in words the height and breadth Of his
happiness.
There dull moments at Joseph p Day
sale. There Were none at this sale OF lots in the
Ostend section Of Far Rockaway. When he agreed
sell the property TO the highest bidders. Mr. Day
knew that there not better tract overlooking
the and in the very heart of fourishing
suburban section. and that If he got large au-
dience he was certain he would get results tie
got 9he audience and he got results The sellers
made a substantial profit from their Investment
and there is not the slightest doubt that every
buyer will find a quick market in the near future
fer his plot at q considerably higher price than
he paid for 1T II is the opinion of many experts
that every one OF the lots Will he worth $500 IN
few years.
Among those present at the sale were many
presidents Of New York hanks, merchants lawyers,
real estate operators and spectators living in or
near the Far Rockaway section of Long Island
Some Of the bidders were Stanley Brothers. Will
lam BaIlin. vice-president Of the Union Exchange
Bank; Jesse Wineburgh. NJ H. GrOssnlar- = IL
Stone and s. ". We'll The liveliest bidding was
for plot No / which sold 10 William j Morris.
Among the successful bidders were William :
nevery ex-chief Of police: II. A. Marks, J. Rees.
Herman Frankfort Samuel Knopf. H NJ Miller,
Charles Z Cash. Premier Investment Company.
Louis C7y,ttnlan. z. Benzer and Jerome H. Buck.
Another successful auction sale, held on Labor
Iav was conducted by the Jere Johnson, jr. Com
rauv and comprised PA Staten Island lots The
rroperty fronts on Castleton, Bard, NADIA Davis
Prospect and Forest a-es-. at Livingston For
the 2l4 lots S6145 was paid the average price lot
being S3la. The highest price at the sale was OBJ
talned for the lot at the southeasterly corner Of
Bard and Davis aves. which brought 800 In spite
Of the rain in the morning, the attendance was
large and the bidding was spirited There were
fftv-rire purchasers in all Among the largest
1n71ers were Theodore Schneider, W A Ross Cor
ralius G. Kolff. Charles Boock- E. H Leng NJ
Shellens c. A. Ingals. Catherine Judge, Charles
HoErs 2. /. Kennedy. John A Lynch. William H
lynch John Morris, Thomas Mitchell R H Ma
rooax A Neurad. Robert II. Pentz and John F.
Smith
has rortgaEed its property I991nxloo feet. at the
southeast corner Of 142d st and 7th ave for $+eVo
at per cent 10 the City Mortgage Company