New-York tribune., 1908-06-10
BRIGHT REALTY RECORD
TIGOR OF MARKET SHOWN.
Budget of e66 Long Island City
Lots Sold for StG9, 400.


lots and improved properties. And on each sue
ceeding day of the week he would be found Just AS
fun OF animation and just brilliantly successful
Late in the afternoon, when he stepped down
from his stand at the conclusion Of the biggest 40
soute auction sale OF Long Island City lots held In
wears he had made record which every real estate
leader can point at with pride. The record is now
part of the salty history OF the city, ana
after the Days. the Shermans. the Morgenfhaus'
and the Chesebroughs of the present real estate
circles are gone il viii remain as one of the most
shining marks OF the strength Of the real estate
market this season
What a precious mark il will be. telling OF some
Of the triunlphs and achievements OF these uhes
and what testimonial il Will also be OF the reai's
acumen possessed by myriads Of little investors
and speculators The pages Of the realty history OF
this city record many brilliant victories. but the
lust.- - these deeds do not surpass the leat ac
compIished by Mr.. Day this season Up TO last
night he had sold in the Tesey ST rooms this
season about 900 lots for total of s2eeoeo Al
the yesterday he disposed of every one or the
budget of Long Island City lots-numbering 2es-
for sses.46o or for average of S.765 a lot
over $4,000 is a pretty good OF money TO
get in one day in the Tesey st. salesrooms for
lots outside Of the Manhattan and The Bronx
zones 1t is really large amount to obtain even
under the most favorable financial conditions. Or
dinary money conditions do not prevail at present
in the real estate market. Nor have they pre-
vailed at any time the last six months. The
general rate for mortgage loans choice Manhat-
tan properties has been for some months per cent
and for Brooklyn and Queens parcels 6 per cent
Besides. builders have had TO pay large bonuses
for sums TO carry operations. One might imag-
inc that such things would seriously impede realty
progress and would cause tottering Of prices
But such a person if of the adamantine
structure which rested the real estate market
could not long hold such view of realty affairs.
The recent financial depression not caused
by q realty panic a false realty boom. 1t
ha-a In cer,4re Kred fx
1t quickly spread and beat against the bulwarks
OF the local real estate fields. The realty leaders.
ST least many Of them. trembled ST the first sign
of it. money streamed away from real estate
channels and the rates of loans went upward The
financial shock disturbed the realty centres for a
brief period. and in that short space OF time
syndicates formed. with the object of picking
up realty bargains valued at millions. But no such
realty bargains to be had.
Above the narrower money channels and the
greater interest rates the vgor of the realty
ket splendidly revealed Thousands Of per-
who had never before been active in realty
fields beheld the strength and attractveness of the
market, and FASTENED TO grasp the first opportuni-
ties become identified with it. No fortunes
have been lost in the real estate market in the
last months. but extensive foundations for
great fortunes have been laid there in that time.
1t is these facts and also his ability an auc-
tioneer which tell the story of how Mr. Day has
been able to sell 290O lots for s26o00o in the Yesey
street in the present
The 266 Long Island City lots sold yesterday front
in Mott, East and Van Alst avenues and 7th. 9Th.
10Th, llth. 18th 18th 18th streets and Sherman
and Marion places. For nineteen lots in the block
bounded by 9Th and 10th streets. Vernon and East
avenues, SS3,475 paid. Some other prices paid
Were as follows:
go @ f f0g 81 400 Sa t 81 zoe eaob. ab st ia5 r.
e OF Vernon ave eight lots each 2,xlO0. westerly
sold FOR slsoo remaining lots sl'oe each East Ave
for s1s each. East Ave Boulevard n " cor lOtli
cor Yih 81 s.aioo Tor 500: East ave soae-
Tard n W cor i1fh ST. a3xloo; for s. 300: East Ave
s. loo f. & Of East % Ave va BoaieHard II, eight 6 lots
Of East Boulevard 75x20O 18th st;
100: for s. 400 lot adj on Boulevard, 25Hleo: for
irTeg for 355o. lot adj on ave. 81 900.
more adJ fo1 $50 each 10Th & ST n g Us # of
10 # Of East Boulevard. 7SxlOO; for ss.7so:
1859; four lots adj boulevard. for $3.50. 81 100
v Of East AT Bouiepard fye iofs easferiy one for
$3.50: three adj for 81 700 each and westerly for
lots westerly three. 81 o25 each easteTly
loo FOR $3.50: East Ave Boulevard, 18Th st,
25xlO0. for 81 ,950.
The other auction results yesterday were fol-
lows:
BY Joseph Day: 1929 TO 1888 Amsterdam
Life 9h IN. o St s S y 81 and nd .S5e aSen aa
r. attys' Benno Ie~inson. ref: amt due s7e5oS 81;
SslI of I5sd st, $sIIxioO 8 ,ty h; Louis Bloch
ast Louis Bloch Inc ct al Saul @ b Bernstein atty y
sub 70 four morris aggregating sa2ol5 So the plain
ss11S57 vacant Eilen Mecarty agt Z Elizabeth Nc,
ref: partition: 70 James Gresg for $4,000 2l2i %
2i27 Madison ave cor 1880 st. 80 l1xeo. two sty
Lese & G attys; F MeAgoy, ref; mort Of $50 $50 600 @
ss etc sas9 90 p = "a sine s sx 81 and as 4s
and store: Martha Barnard ast e. M g @ cOrrier ct al
ehstte mort Of Sal sdjoanei sne de io4 n iSlst
at SIS. 499 II Of Park 1511x0o1l. sty dwg h:
also le6 lOist St 49, fl Of Park ave. le1lool1,
schaad sherln,s sale Of ali right title which
enmah6 Taad q m had aaB, 9 AP 364 or since
7sS By Bryan ,IoI I Ksnneliy 10 sth ave - Of
gsTeaTs Kes 9s csPened e ct sa al .s Hssssy
etc s777 80: 70 the plaintla fer sli2oo
12a # of s eR 81 81 s2a lS sne y sn s12 Sth and f store
n Bloch agt Annie spro ct al; action ! Kurzman
etc. s59s 90; plaintiff SOS 600 500 sos
eth st, s g III Fl " Of Lewis St 42x97. sty ten
ref; amt due 1898 30 taxes, etc. s59S s6 TO the
The auction offerings to-day viii be as follows:
49,. Al "a yesey s'-By JoseDh P Day: 100 to 1os
,Ereg; sty rs and stores: Butenwieser ast
Mearo rf aTat 1e SOS & q asss Isssos s atsys e cas-
sub 10 two norts aggregating 900 1882 Lexington
atty Gerald Mofreii ref: partition: Ia5 sist st
6wg h Ray ReisenbuTger ast Il F A;nO ct AlkEaT
125th 81 5 is II Of - ave 2sx741 II, sty ten
s'ss M s es sub a Ts m 0rt nf of ope sSsls San s e
sty n Hyran schuln1an agt Mary Mueller e al:
:IsssS So ,szes s'a ' slss as mort Hus ei
f2S. sty bldg and vacant. Railroad Brotherhoods
Saving ana Building aet " r Mongan: William
ss etc faak sisdo eas5' @ to res 5 i5osh s
M = s q copTen, n ave sx H % S G tive s,res sy Sws hs
e. HAYES -, atty sgo- s GilrOy 'r ref: amt due
is6th St $ i75 T; v Of Convent ay. 25sss #: .ty