New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-13

| night tndt tne last pdrCel VI the NOi'i
/ bined Forster and Schmitt holdings. COM
| prising 464 lots and nine dwelling houses
/ in the Riverdale section, was disposed
of by Joseph p. Day. in the Vesey street
/ salesrooms. The properties are situated
! between Broadway and Riverdale avenue,
259th to 26lst streets. The sale was
! big success.
The total amount derived from the sale
was s7s2S25, which shows an average of
81 712 So a lot.
| Messrs. Forster and Schmitt heartily
congratulated Mr.. Day when they learned
what their properties brought. In spite
of the fact that Mr.. Day had spoken Tor
more than twelve hours, he was none the
worse after his trying ordeal. His only
stimuant was water.
Never were lots offered under fairer
conditions. Their exact location, the con-
dtion of the ground. whether stony or
not, and other particulars which the pros
pectIve buyer would like to know were
explained. Asked what the effect OF the
sale would have on the real estate mar
ket. Mr.. Day said that 1t spoke for itself
when 4e4 lots and nine houses could be
sold In one day.
The lots along Broadway brought the
best prices. For the corner of Mosholu
avenue and Broadway. II x 81 30 feet
Ralph Wurts Dundes paid $500 He
| also purchased two adjoining parcels for
| $500 each a lot % 100 feet. The other
! corner of this block, at 2j9th street, went
| for $500 while the opposite northwest
corner of Broadway and 2jgth street was
sold for sll,SOO.
| The northwest corner OF 260th street
went for SCI 900 and the southwest corner
OF Whalen street for A.7OO. The north
west corner Of Whalen street brought
81 600 and the southeast corner OF Forster
/ avenue 5000: the northwest corner of this
/ avenue went for $500 The southwest
| corner of 2slst street brought $1,000. The
northwest corner comprising two lots,
one Is 9S feet and the other 9S %
irregular. brought 5000 For the River
dale avenue block Of parcels, between
| 26Oth and 261st streets :34,7jO was given.
! Never before had as large a crowd
gathered in the old salesrooms. When
the hour approached for bids on the first
offering at II o'clock In the morning
breathing space was at a premium. In
spite OF this fact the crowd grew larger
and there were many who had TO stand
/ I'm the street, being unable to force theig
way in.
In the crowd were a large number OF
women and many Of them remained at
the sale until the last bid for the evening
was given Some Of these came In fine
limousine cars and wore fashionable
gowns, which made II appear TO those
| AZ,
! the salesroom that society affair was
being held within. In the room were many
well known operators and brokers In
fact, every one In Who's Who In real
estate circles seemed 10 be present
The early bids made 1t socn apparent
that there would be nothing given
away" popular phrase with suctioneers.
Many besides buyers attended the sale.
| While some of these could not AFFORD 10
pay .he price which the lots sold for they
had the satisfaction Of getting something
free not on tn. lot map. At intervals
| throughout the sale candy was distributed
among the gathering, and from the num-
Der OF boxes OF chocolates consumed the
confectioner who furnished them must
have made record sale for this class
Of goods.
| The first lot offered was that on the
west side Of Liebig avenue. 100 feet south
of 26lst street. SomeLcdy offered 500 and
the price went along. none too rapidly, up
to $1,000. Bertha Schoenberg was the
buyer and took an adjoining lot at the
same figure. Adjoining lots to the south,
along the west side of LAebig avenue,
ranged in price from $3.50 dOwnto SIS.
Substantially the same average was main
tanned for the fourteen lots on the east
| side of Iiebig avenue, south OF 26lst
street Among the buyers Of these lots
were william NJ Carey. DR.. Louis Lesser,
Alexander Hel15nd and Edward J. Duffy.
| The southwest corner OF 26lst street and
Liebig avenue was sold for $3.50 The ad-
Joining lot went for 81 $50, lots In the mid
die of the block for $3.50 and 5000 each,
and the corner lot OF Won Humboldt ave-
nue. at 81, 40
The first of the houses to be offered-a
two story stucco dwelling, for two fami-
lies. on the east side OF Tyndale avenue.
1l2 feet south OF 26lst street-was bought
by Houlder Hudgns on a bid Of $1,000.
The house stands on a plot 50X90 feet.
John +. McAtee paid $4,000 for the similar
house a little further south on the same
block on Tyndale avenue.
For the northeast corner of 2G0th street
and Tyndale avenue, an irregular par
Gel 39x95 feet, William NJ. Cruikshank
was the successful bidder at $3.50. Other
Tyndale avenue lots were sold at from
$3.50 to 81 200.
The northeast corner of Goth street and
| Fieldstone road short lot, about 63 feet
deep went for 81 200. The adjoining lots
OH Goth street brought from $50 to $50,
| according to depth West of Fieldstoae
road on the south side OF Goth street,
the bids averaged $500 for inside lots, with
a price of 81, 225 for the corner.
Mr.. Hudgins was also the buyer of the
northwest corner OF Goth street and Field
stone road for 81, 100. For the inside lots on
Fieldstone road to the north OF this cor
ner the prices ranged from 1915 to $1,000,
with somewhat lower bios $40 TO 1924, for
the lots OH the opposite side Of k'ieldstone
road