New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-12

Joseph p. Day will start the absolute
sale of the combined Forster and Schmltt
properties comprising 464 lots and nine
dwelling houses i'm the Riverdaie Sec
ton, at the Vesey street salesrooms' NOS
"A and IS Vesey street, at II o'clock this
morning.
The properties are situated between
Broadway and Riverdale avenue, Zosth
TO 26lst streets. On Broadway the south
erly boundary of the lots to be sofa -
Mosholu avenue, a continuation OF Whlch
forms one Of the principal drives through
Van Cortlandt Park.
The houses include the Schmitt home
an attractive dwelling, occupying a COM
mandng site near Broadway, as wei as
several two family houses Of unique oe-
sign and of recent construction from
plans by +. S. Childs.
Several unusual features surround the
Offering of the properties. Seldom mas
an effort been made to dispose oil prop
erty at auction so late in the season. III
fact when the sale was frst susSesteu
MIR. Day advised against 1t, IN the oellel
that if offered as late as mid-NoVemoer
the holdings were almost bound to De
sacrificed.
Another unusual detail in connection
with the sale is the announcement not
that the property is ITO be soId' out
that il "lpust be sold" to-day MI Day
saws that that means exactly "hdI u
saws. and that the lots Will he sofa lot
whatever price they will bring.
The Schmitt lots are forced TO a sale by
order of John Whalen, trustee, for the
benefit Of the creditors OF charles D.
Schmitt, and the Forster lots ana houses
are to be sold TO relieve the owner OF the
responsibility and care of their admins
tration, owing to his i'll health.
To those who realize the importance OF
Broadway in the future developments oil
that section the fact that the offering VIII
include fifty lots fronting on Broadway
including eleven corners, is interesting
This stretch of Broadway gives promise
of becoming the main business thorough
fare of the district, but if it is to 1olIo"
the history of other sections turther
south it will have value by reason OF It's
availability for apartment house improve
ments.
The district las an elevation of from
100 TO $50 feet above tidewater, and Is
ideally situated.
Riverdale enjoys the advantage OF being
accessible by several routes-the subway
Mosholu station on the Putnam division
OF the New York Central. and the Mount
ST. Vincent station on the New YORK
Central line In addition to these, almost
every Bronx trolley line gives transfers
10 the Broadway and Yonkers line.
Randolph Jacobs and Everett Jacobs
have purchased eighteen three story
dwelling houses, Nos. 2O6 to 2iO West 10Th
street. The plot begins 125 west of the
junction of Broadway and Amsterdam
avenue. and is 300 feet in front by 100 feet
I'm depth. The seller is the estate Oh
Charles Frederick Hoffman, which has
owned this property for more than fifty
years II is one Of the largest plots under
single ownership in the section, and the
buyers, upon the expiration OF the pres
ent leases, will sell for improvement with
apartment houses. The brokers in the
sale were Lewis b. Preston and Charles
T. De Casanova & Co.
The Cograd Stein estate has sold to
client of c. A. Derschuch the five story
tenement house. on lot 2jXlOO5 feet at
No. JO7 West SD street. The parcel IS
situated on the north side of the street
100 feet west of Tenth avenue.
julius Trattner and I. Klein have sold
for B. Benenson No sol East 14Oth street
a five story, new law house, on plot 4Ox
100 feet. The buyer, Mrs. Mary Gerlich,
gave in part payment the plot, 4SxlO0 feet
on the north side Of 153d street, 800 feet
east Of Morris avenue.