New-York tribune., 1912-06-11
BIG PRICES FOR LOTS
Total of ST, ,449, $50 Received for
Van CortIandt Property.
COMPRISED 719 PARCELS
Nothing but Praise Heard from
Those Interested in Sue
cess of the Sale.

woo Va UuC
After seven hours selling the Van Cort-
Iandt property in The Bronx entirely
partitioned yesterday. The total for the
719 lots sold In two days was 81. .449. $50. or
an average of 2.0l6 lot. At yesterday g
sale 297 lots were sold for a total of s77l, ,175.
The best offering Of the day was the south
east corner of Broadway and 23Sth street,
a plot 734xlO0x9S 3xl03, for which Arthur
Fisher paid for a client $50, 500 Other lots
on Broadway between 23Sth street and Van
Cortandt Park South brought 5000 and
inside lots on the south side of 23Sth street
sold for $3.50
Selling yesterday began promptly at noon,
at which time there were about twelve hum
dred persons present The bidding, how
ever. was even more rapid than on Satur-
day, and the prices started off better than
on that day and kept that way during the
entire day. At 2 o'clock there was a crowd
of twenty-five hundred.
Joseph p. Day. the auctioneer, and j.
Clarence Davies said after the sale that
every lot had been sold and that had there
been two hundred more they could have
sold them for just as good prices as were
obtained for the lots actually offered.
Next TO the price paid for the southeast
corner of Broadway and 2SSth street. the
northeast corner of the same street
brought the highest figure 1t sold for Sl.WH
to William c. Schmidt. The next highest
was Sl4 600. for the Broadway corner adjoin-
ing Van Cortlandt Park. F. Klingman
-, n,, IN
ran from $3.50 TO $4,000.
Van Cortlandt Park South lots brought
much higher prices yesterday than on sat
urday, as high at s2.700 having been paid
for inside ones. as against $3.50 on Satur-
dav. In view of prices paid yesterday on
! 23Sth street. il would seem that several o'iv-
ers who on Saturday paid $3.50 and $3.50
for inside lots got good bargains. van
Cortlandt Park South corners brought Us
high as 500 and some of he'Bailey ave-
nue. corners brought $500.
After the sale was over s. Stanwood
Menken. Of the plaintiffs attorneys. con-
graduated Mr.. Day and Mr.. Davies for the
manner in which they had handled the
sale and told those who had bought that
he believed they had attended the greatest
land sale ever held in the city. Mr.. Day
went even further, to say that the sale was
epoch making. He said that the ability OF
the market TO take over more than seven
hundred lots at an average of more than
81 600 left no room for doubt that conditions
in the real estate market are every bit as
good as they were before the financial de-
preston in 1907 and that nobody need feel
at all doubtful about offering real estate at
auction. provided IL was given the publicity
that was given the Van Cortandt sale.
Mr. Davies said that never in his ex-
perience had he known OF more successful
sale and that the partition Of the Van
Cortlandt property demonstrated the ability
of the market to digest vacant property II
properly put before the people. He thought
that the attempt made at this sale TO be
entirely honest with the bidders had paid
we'll He mentioned the fact that as eacn
lot was offered the auctionetr read de-
scription Of IL. including a statement as 70
whether the Lot had trees on IL or rock, or
was above or below grade and gave all
other data which would have an effect on
its value.
Mr.. Davies said he was especially graft
fed at the result Of the sale inasmuch as
many spectators and operators had advised
him since he started advertising that he
was making a mistake. since they believed
the property could not be sold.
At the conclusion of the sale It was found
that there were a number Of lots which had
been struck down for which no deposits had
been paid. Mr.. Day offered them again for
sale and on the resale obtained from 500 TO
$500 more than on the original offering.
Adam Weiner, referee in the partition
proceedings said that from his point OF
view the results were most gratifying. Mr..
Weiner probably has had more experience
In handling this class OF real estate tran
sactions than any other local attorney. He
especially complimented Mr.. Day on his
ability and endurance. The auctioneer re-
ceived the congratulations of other mem
bers Of the selling party on having accom-
plished the unusual feat Of actually SELL
ing so great number of lots in so short
a time Allowing nine hours for Saturday
and seven hours yesterday, the whole sale
was completed In sixteen hours. which IS
somewhat of record for lot sales.
The block containing ten lots, and bound
ed by Van Cortlandt Park South, Bailey
The corner lot at Van Cortlandt Park
South and Bailey avenue went for $500 to
Charles II. Bluh who also secured the ad-
Joining lot on Bailey avenue, at the corner
of Gage Place for the same price. Inside
lots on Van Cortlandt avenue. between
Bailey and Gage Place, brought from 1900
10 81, 100 each. For the ten lots comprising
the front on Van Cortlandt Park South, be-
tween Van Cortlandt avenue and Gage
Place. from 81 800 TO $500 was paid for in
side lots. The Van Cortlandt avende corner
brought $4,000. and $3.50 was paid for the
Gage Place corner.
For lots No 5l5 and 5l6. on Gage Place,
with frame buildings the present tenant,
Mrs. Boice, paid $500 Inside lots on Van
Cortlandt avenue, east of Albany Road,
ranged from 81 300 10 81 ,6cj lot.
WVFP EICuTC FOR NEW TRIAL,