New-York tribune., 1907-06-02
TO SELL FINE LOTS AT AUCTION
CENTURY TRACT ONE OF THE BEST EYER OFFERED
At ABSOLUTE SALE
Land Fronts Vide AaUe Opportunity for
Investors to Choice Bronr Plots.

over $4,000 paid last week auction
gales Of Bronx lots held by Joseph P. Day and
George r. Read at the Real Estate Exchange
Salesrooms, Nos Il and ls Vesey 81. These
sales were absolute which means that not one
lot bid IN BY persons financially interested in
the success Of the offerings. II every case the
highest bidder became buyer. These speculative
and investment purchases q BTorx lots once more
demonstrated that the demand for such property
IS stiu large and that hundreds Of big and small
buyers certain that owners OF Bronx lots are
assured Of a quick and excellent market for their
holdings IN the future at prices much higher
than to-day.
Since the first Of the year there have been many
big auction sales OF Bronx lots. The principal
offering the ogden estate tract sold last month
At the Vesey st. salesrooms, by Joseph P. Day.
For 6s3 lots Of that Mr. Day got s, SO. .S75
Many lots OF that sold record prices. The
Ogden estate parcel. however, regards the lay
of the land and rock, does not compare fevorably
with the Bronx tract Of 2ls lots Aque-
duct ave, Immediately north Of Washington
Bridge 10 be sold at absolute auction sale at Il
O'Clock Tuesday at the Real Estate Exchange
Salesrooms. Nos. Il and Is Vesey st. by Joseph
p. Day. Many Ogden estate lots slope at sharp
angles toward the Harlem Ship Canal. and other
lots covered with rock.
The Bronx tract Of 2l6 lots 10 be offered on
Tuesday IS as level as billiard table and is free
OF rock Il is also high land. commanding fine
view Of the surrounding sections, and is ready for
Immediate Improvement. This offering furnishes
another golden opportunity of prospective
small buyers 10 become property owners, and II
they fail 10 grasp it they VIII probably regret It
10 the end OF their days. Every lot IS to be sold
on easy terms; that Is 70 per of the purchase
money may remain on bond and mortgage Tor one,
Two or three years. at per cent, and policies
guaranteeing the title lots Will be given free OF
charge 10 each buyer
The lots front IN Aqueduct ave, Featherbed Lane,
Nacomb's Road, Nelson ave. and West 18th
ST Aqueduct ave !s considered by realty experts
70 be one Of the most attractive residential thor
oughfares in The Bronx. It IS a parkway 15s
feet wide. Featherbed Lane is 90 feet wide, and
aaacomb's Road IS 100 feet wide. It is the con-
sensus Of opinion real estate circles that Feather
bed Lane and MacOmb's Road destined TO be
two OF the most important crosstown arteries
connecting from cast TO west the built UP part
Of the lower sections Of The Bronx The journey
between City EaH, Manhattan. and :his tract Of
lots can be made by subway IN thirty minutes. The
last st. Broadway station OF the subway is within
a two minutes walk OF the property. The subway
station IS the west end OF the Washington
Bridge (the l1st BRIDGE, and the tract is just
north OF the easterly approach TO the bridge.
Many inquiries have been made at this Office as
70 the exact location Of the tract One person who
called wanted 10 know If the sale TO be eb-
soldts Il have inspected the property" said the
caller, and hold the same opinion the real
estate editor that the location Of the tract to be
SOC is superb that the is alurng Invest
ors speculators and builders, that values IN the
section viii be much higher year or two hence
fages of Manhattan Island lots But 1 want 70
know 4 any person identified with the Century
Realty Company VIII bid IN any lot Il the highest
price offered IS not satisfactory the Century
COMPANY"
TIE reply given 20 that query apparently salts
fed taat caller It The Century Realty Com.
pany Is OF the successful real estate op-
Grating companies in this city. It's president IS
William Il Chesebrough. and IN it's board Of d.
Tecto-s are Charles T. Barney. John D. Criumins,
Oakeigh Thornc, Edgar ). Levey, James Stillraan
Warner Van Norcen. George L. Coleman and
Charles F. Holman, ali of whom are numbered
among the leading citizens OF this country Messrs
Chesebrough and C-lnmins told Scr. lay that the
lots to be sold, matter whether sum bid
SOr them IS many hundred dollars less than what
1hey ere appraised at considerably less than
what they cost the owners. The sale Is be ab-
Soute. and that fact IS emphasized IN the terms
The sale Mr. Chesebrough has never failed TO keep
pledge. Neither has Mr. Crmmins. So the per-
sons with little realty experience who attend the
sale should not hesitate TO bid If they want any |
part OF the tract
Another inquirer wanted to know If the real |
estate editor thought it safe small investors to
buy lots IN this section Of The Bronx auction |
Ihe answer 10 that query For the small |
investors the tract 10 be sold Tuesday is |
sloered by realty experts TO be Of the best |
kind Of realty Investment
another person asked: II the tract Is such an |
absolute auction sale?" The answer was: ''The |
Century Realty Company one OF the largest |
owners OF land In Manhattan and The Bronx. Ii |
is an operating company, therefore 1t generally
arises. II seeks fair profit from its Investments
u hopes to get a higher for the lots al auc-
non sale than 1t paid for them. II ii does not |