New-York tribune., 1909-04-08
A RECORD BRONX SALE
FOR I64 LOTS s759,400.
Bryan L. Kennedy Gets High Prices
for Trdsk Parcels.

Many realty experts were carefully looking over
real estate records late last night to find il larger
sum than $3.50 100 had before been paid at an
auction sale of lots in The Bronx. That 1888 100
record was made by Bryan L. Kennedy yesterday
the Real Estae Exchange salesroom. Nos. "A
and is Eesey street, and the realized
from his efforts find buyers for the Trask estate
holdings az 174th street the Southern Boulevard.
The realty statistics showed that the best pre-
vious single day sales record for Bronx lots at
auction many thousand dollars less than the
total obtained yesterday, Mr.. Kennedy
only raised the auction volume OF business
done in Bronx lots IN day to new heights but
also to an altitude which will not likely be
ceeded in long time. OF the go lots in the offer
ing 164 sold.
The sale ended after o'clock IF 1t had
been continued until the entire tract had been
disposed Of there is not the slightest doubt that
considerably than 10000 would have been
realized. the acreage price obtained for each OF
the 1e4 lots was little more than $500 Just be
fore the sale terminated, owing to the late
ness of the hour. the auction rooms were we'll
filed and there was no sign Of interest in offer
losing its vigor and of prospective pur>
chasers seeking be among the fortunate
buyers.
Seldom has scene in the Vesey Street sales
rooms made persons with gloomy view Of things
relating realty affairs change their ideas about
such matters quickly as did that formed yes
terdav by throng a little and big builders. specu-
ators and investors which filled the place to the
handbook, Of the terms of the sale was
that bank accounts just acceptable as a
cash deposit representing 10 per cent of the pur-
chase price Of lot plot of lots
After the last successful bid had been recorded.
there was a pile Of bankbooks table to the
left Of the auctioneers stand OF size that caused
10 doubt that the financial depression Of 1907
had ever been a reality. 1t took many hands to
care for those bankbooks and many more hands
to carry them from vesey street and place them
a safe Mr.. Kennelly's office, at No. 156 Broad
way
One we.l-known real estate expert exclaimed. as
he gazed at the many hundred persons at the sale
and heard bids which told HIM that much greater
prices being paid the lots than the most
optimistic appraisers expected: Truly realty pros
perity IS here again. And this means gladstone
days again in all lines OF business" Another ex-
pert said: This sight makes brighter the future
of The bronx" These men spoke the sentiments
large numbers Of other persons al the sale. Not
only was s759.4OO record. OF the leading
features Of the sale but also the prices paid.
and the numerical strength OF the audience. II
indeed a rotable demonstration Of what hun
dreds Of little buyers think about the realty future
Of The Bronx. In 1907. just before the financial
panic, Joseph p. Day sold auction 6A lots Of the
Ogden tract in The Bronx. for which S,lo4.2i was
realized That three days sale. On the first
day he sold PA lots for s27S775; the second day,
225 lots for 1892 225 and the third day a5 lots
for S435 25n
ONE LOT SOLD FOR s24.750.
The highest price at yesterdays sale was s24 80
FOR the southeast of I7lth street and
Southern Boulevard. August F. schwarzler was
the successful bidder. He also bought adjoin-
ing lot with frontage on the Southern Boulevard
for so.70H. For triangular plot at the junction
Of Southern Boulevard and Hoe avenue r. L,
Sullivan paid 5000. That plot has frontage OF
I@5 each thoroughfare. The northwest
corner Of Hce aven Ie and l74th street sold to
J. ". Meehan for 81 $50. and three adjoining lots.
with frontages on 17ith street for s. 100 each
and the Southern Boulevard was sold f. Lauer
for S1s,6n. 1t has frontage Of about forty-hve
feet the boulevard and ninety-seyen feet on
the street. Mr.. I.auer also paid $500 for an sd
Joining lot the boulevard. -Four lots adjoining
his site were sold for prices ranging from &425
ST. 900 to f. Henderson. Edward Sheehan and
other person For the northeast corner of 173d
street and Southern boulevard q. G ConneI paid
100. Mr.. Conneu also bought three lots adjoin-
ing with frontages 173d street. FOR @5N each.
on the west side Of Hoe avenue. between 173d
and 174th streets sixteen lots brought from $3.50
to $500 each. They were bought by F. Storrs lie
took three lots the north side Of 1896 street,
% feet vest Of Hoe avenue. for &, 500 each. The
northwest corner Of Hoe avenue and 173d street
was struck down for 81 80 to s ". Richards who
also took four lots the west side OF Boone ave
nue., 1Oo north of I74th street. at $3.50 each.
FOR BOONE AVENUE CORNER SITE. S2.75O
Josephine {. Clayton paid $3.50 for lot at the
northwest Of 17tth street and Boone avenue,
lots adjoining on tne street gong 10 I. j.
Byrnes for 81, $50 each. Six lots the west side
OF Boone avenue south OF 174th street. were
Knocked down o. w Joslyn at prices ranging
from $50 TO $500 adjoining lot being sold 10
Charles Ra BIS $50 -Four lots at the northeast
corner Of Vyse avenue and 17Sd street were sold
to c. L. Wood, the corner bringing H,4O and the
inside lots 5000 each. James Meehan paid $500
for the southwest corner of 174th street and Hoe
avenue 25xl00 feet, lots adjoining on tho
street being s4,3cO each Clifford S Twegg
and an Joining lot James A Farley for
similar price
Inside lots on the Southern Boulevard. between
173d and 174th streets ranged from $5450 TO 500
Buyers along here included +. l.. Sullivan s. W.
Richards, F. Storrs and Stroly & SiCher-
For the southeast of 174th street and
Boone avenue s2,lO0 paid. That plot has
frontage Of about 80 feet the street and 90 feet
on the avenue. An adjoining lot. with depth OF %
feet was sold for 1850 For the northeast corner
of 174th street and Boone avenue N9x1OO feet, 5000
paid.