New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-29
Parcels Located in the
University Section of
The Bronx.
PRICES RANGE FROM
$500 TO $1,000 EACH
Spirited Bidding Marks One OF
the City's Most Successful
Auction Sales.

TIL. 1874 lots in the University section OF
The Bronx owned by the estate or Ellen
NJ Hennessy were disposed of In the
Real Estate Exchange salcsroom yester-
dav by Joseph r. Day for s2Si.4o. an av-
erage Of s.. ~ for each parcel. The iots
sold from $500 TO 5000 each.
The Offering was unedr the direction
of Mr.. Day and J. Clarence Dawes, rep
resenting Michael Coleman. Forbes D.
Hennessy and Mrs. Ellen NJ. Parker, ,ex-
ecutors of tho estate. IL was one or tho
most successful auction sales ever held
in this city, and all interested In ~ eN-
pressed satisfaction as to its successrui
result
When the sale began. about II 20 O'Clock
in tho morning. there were about five hun
dred persons IN attendance. Many WON
en- were among the gathering.
The first lot No. 81. in West 18th e.
between Loring and Hennessy places,
started at 500. The bids soon reached
1880 which price was paid by Phlhp
Kaufman. who received tho privilege or
buying the adjoining lot No. SO, at the
same price. but declined the OFFER ana
subsequently paid so more for 1t. Gaorlei
NJ Carabee paid 81. 425 for the adjoining
lot. and the one at the southeast corner
Of West 179th ST. and Hennessy Place was
sold at sl.7O0 to Riker r. James.
In the first two hours of the sale forty
nine parcels were disposed Of for tota1
OF $50 40. an average Of sl.6l a lot And
an hour later seventy-two lots were soiu
for a total Of sos $50. sn average OF N,ol5'
showing a slight decrease over the carrier
selling prices, but soon after the olodlns
became moro brisk and with an incress-
ing average.
John T. Kayser builder. secured the
entire block front on West BURNSIDE
ave, between Hennessy and Loring
Places. involving over nine lots for
total Of s2O,925.
Twelve lots on the west side Of Lor-
ing Place brought from $1,000 TO SLID
each. and the abutting twelve lots on
Hennessy Place averaged from 800 to
s1.O25 each. The plot Of three lots at
the southwest corner of 179th st and
Loring Place was bought by Or. James
J. Edmondson for $4,000.
Riker r James paid s1,7o0 for the
southeast corner OF 10Th ri and Hen
messy Place. The adjoining lot on the
street was obtained by Gabriel McCara-
bee for s1.425. The above lots COM
prised the entire block bounded by West
Burnside ave, 18th st. Loring and
Hennessey Places. the prices totalling
s62.475.
The block front on the south side of
179th st, between Osborne and Hennes-
sy Places, brought total OF S4,S9o
The corner Of Osborne Place. 26l0O
feet. was knocked down to Robert l..
Odom on a bid of sS.125. The adjoining
lots averaged from 1900 TO sl,e25. and
tho corner Of Hennessy Place brought
$4,000.
Tho block bounded by West Burnside
ave, 10th St. Hennessy and Osborne
Places, containing thirty-three lots, went
for a total Of s46.475.
The estate made liberal terms. which
permitted purchasers to allow 70 per
cent Of the purchase prices on mort
gage OF one two or three years at per
cent a year.
The property offered is bounded on tho
east by the old eoueduct lying between
West Burnside ave. and 17Sth ST., and
/ on the west by Osborne Place, being In
tersected by University formerly Aque-
ducD and Andrews ayes, Lorins and
Hennessy Places To the south of the
land lies Berkeley Oval. an athletic field
owned by the Gould family.