New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-02
S416.225 for 420-an Aver
age of 1891 for Each
Parcel.
FREDERICK JOSEPH
LARGEST PURCHASER
Bids S40.250 for Block Front in
Pelham Parkway, in Choice
Section.

The former Pearsall estate lot sale
closed at 80 o'clock last evening. when
the last Of the 40 parcels comprising the
offerings was disposed Of The total re-
ceived for the lots. which are in the
Wiliamsbridgc section OF The Bronx,
was Stl6.S295, an average Of 1901 for each
parcel
Conditions similar to those at the open
ing day sale on Memorial Day confronted
persons who attended the second days
sale Of the property, held Yesterday by
Joseph p. Day and J. Clarence Davies
IN the Vesey st rooms. Every parcel
disposed Of was sold at a price much be-
low the appraisas Of many experts, and
the occasion was therefore most favor
able one for bargain hunters.
Just now the majority of professional
opera tors are not buying on A large scale
because the average business man is
not talking in a happy vein, as he did
little while before the panicky days Of
1907 II the professionals were acting
as bold and saucy as in 1904, 1905 and
1905 the Poarsall estate lots would have
brought for the syndicate Of owners who
disposed OF them at absolute auction
sale double II not triple, what was real
lied for them But when the oldtime
buyers are absent from the market in
large numbers. that's the time to step in
and get the realty jewels. and those
persons who were buyers at the sale on
Saturday or Yesterday will certainly
get big profits for their parcels on a re-
sale. whether it be few or many years
hence.
Buying lots AT these prices" shouted
Auctoneer Day many times in the
course of the sale. rs like finding Tiff
fany diamonds. And that forceful fig
ure of speech truly labelled the kind Of
bargains that were being obtained.
The highest price yesterday was paid
for the plot at the southeast corner OF
Pelham Parkway South and Williams
bridge Road The bidding for the plot
started at $4,000. and at $1,000 the
premises was sold TO Frederick Joseph,
president New York Butchers Dress Meat
Company. well known realty buyer. Mr..
Joseph got the lot adjoining and fronting
on the Parkway for $4,000. the next ad-
bought all the other sites in this block
front from Williamsbridge Road to Yates
aV The southwest corner Of Yates az.
and the Parkway cost him $4,000 and the
contiguous westerly lot $500 In the en-
tire block front he invested s4o,250.
The block borders the Parkway for a
distance Of 3lS feet and is one OF the
choicest plots in The Bronx. Immediately
ready for improvement with a high class
roadhouse Within "A short walk OF the
premises is the Pelham station Of the
New York. Westchester & Boston.
Prices along Williamsbidge Road at
the sale yesterday ranged from sS75 to
so.G25 for interior lots. the highest price
being paid for the one in the rear Of Mr..
Joseph's block front. Joseph +. Marx
was the buyer of the s2,325 lot George
u. Hencken got the two lots just south OF
the Marx site for $500 each.
on Yates av. from sS25 to $500 were
obtained for interior lots. and $3.50 FOR
the northwest corner OF Lydig and Yates
av The buyer OF the $3.50 corner lot
was NJ Parsons Todd. who also got two
lots Just north Of the corner for $3.50
each The next two lots fronting on
Yates az. and adjoining the plot secured
by Nj Todd were bought by Daniel j.
Harrington, an employe Of the New YORK
Postofice. for 5000 each.
Several women were buyers Of Pelham
Parkway lots. Harrette T. Conrad. OF
BROOKLYN paid $3.50 for two Parkway
lots. between Narragansett and Van Hoe
sen avs An adjoining site was secured
by Henry f.. Keller for s.. 100 4 city tax
assessor paid ST. 40 for lot in the same
block
For the little triangular block bounded
by Lydig Neil and Narragansett avs
there was lively bidding. although the
prices paid for the lots were low. Nathan
Halperin got for 500 the lot fronting on
the three avenues, and John +. Reilly the
adjoining one for 500
Between Van Hoesen and Elberon avs.
in this tract public street has been laid
out. and has been called Wilson st, in
honor Of President Wilson. Lots near
that street sold for about 81 100 each.
r. J. Porter. Emil Y NiGourouX. T. {.
Camp. r. S Myers. Mrs T. Quinn, W. r..
Knoblock. John j. Morris and Edgar H..
Carr were also among the lucky buyers
yesterday.
Among those prcsen: al the sale were
Emil y. Coulter. Of the Aston estate;
William II. Deadly. George H. Warren
John b. Dash Bendet Isaacs ana William
]. Van Pelt.