New-York tribune., 1907-11-14
SARAN AC SALE TO-DAY.
PROPERTY IN DEMAND
Budget of offerings Includes Other
Choice Parcels.

The bidding in the auction rooms to-day ought
to be unusually spirited, for number OF tbs
choicest speculative parcels Manhattan ISL
and will be found in the list Of to-day's offer
ings The parcel for which there will be the
greatest demand will be the Hotel Saranac, for
nerly the Rossmore No. 1857. TO 1861 Broad
way and No $50 TO 593 Seventh avenue, which
is owned by the New Amsterdam National Bank
and which win be offered at the stand Of Joseph
p Day.
The saranac viii be sold subject TO S4OoOo
mortgage at ; per cent. held by the Equitable
Life Assurance Society and due on September
l, 1910 The mortgage may be paid any time
after August 81, 1905. It will also be sold sub
ject to existing leases amounting to about S5o-
600 yearly in rentals), which may be terminated
on sixty days notice. The directors OF the BANK
at a meeting held last week. decided that up to
GO per cent of the purchase price over and above
the mortgage Of 100000 may remain on bond
and mortgage for one year at 6 per cent. Ten
per cent of the purchase price is to be paid on
the day of sale, according to the terms Of the
sale
The premises have a frontage of 90 feet in
Broadway and of So feet in Seventh avenue,
north line of 9911 feet and south line of
1247I5 feet. The property IS right in the GEN.
tire Of the principal theatrical section and the
new Broadway hotel district About two weeks
ago several syndicates and many individuals
offered purchase the parcel. and it was these
offers that actuated the directors of the bank
to put UP the hotel at voluntary auction sale.
From either q spectators or an investors point
of view the property is worth over $1OO0OO0.
1t would not be surprising If the sale estab-
lshed new high record price for property In
the section.
Mr.. Day Will also offer to-day a number Of
other choice parcels. including the six story
store and loft building at the southeast corner
Of Howard street and Broadway, by order OF
the trustees of the Poillon estate This will be
the first sale of the property in 100 years.
Other parcels TO be offered to-day are as fol-
lows:
60 By Jossfh !. Day: s. 50 Beaford st and
seen I've trustees sale: estate Of Isa
4 of 9th - sox1oo: fIr % ST., big ft5 avn Sos, - 90 30
"a ~ m -$ fgh ST. s. 25 T. OF sth aye 2ox1oo5 three
25ioxi0ox reE sty brk b!dss ana store: Edward
r re a5fsaSs'Fh a das sIas e 81 s c2asg 3asss ETC. t.
81 ' ~ . 20 81 l'9ta ST. = 229 4 Of IN 4o11x
,th ave &C. iiHse II: i've sy brK MS 2s9 l5oth 81
5 atty 5pn e5 sane S 2 , ct 9 al s Ss'92s ea IS ASn
@ fS' - $50 9sao a- - s16 s6 30 l5ta 81 400 Of
and store bldg; Louis seaman agt Nellie Coter ae al
strauss a ays Jacobs, ref; amt due. s25s7l 81:
hajhgse ave is9 4 Of l76th 27x95 8: two
T1sSeaor atty Gra9es. ref. amt dus e'
g91z1lxIeo thTss SIX bEE rat and stores e6ecea
iam tie T4 Taf ann ss @ s3s g. az a., {6hnston o j. at'!s
By D P Iagraham q Co; 423 Broome 4a1o Fl
bldg: F Tucker E Tucker et al: MontiEnani Z
By De WaIIfes4rs ffI TII,e;d PIiiiys- @ ~ oeo ..
Of tBrosdway. 5oH226 I; n L Lamarche gen edn. 9
rs6t tue etc Of ThgBe and ii5i2efTs Stimn1e
70 q West 2ist st. estate Of chester A Arth9r
other column " all