The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-29
HENNESSY LOTS BRING
TOTAL OF $2S6,4OO
Small Investors Take 1874 Par
cells on University Heights
Sold at Auction.

Inc Hennessy property. just south Of
the grounds of New York University,
was sold yesterday at auction for a total
bof s2s6.i00. which II $4,000 above the
valuation placed on the lots by the Tax
Department The lots sold for an aver
age of s2.122. which Auctioneer Joseph
y. Day, Michael Coleman and represent
tatives OF j. Clarence Davies and the
Hennessy family said that was below cur
rent market values in that section of The
Bronx. The buying was by local people
and those influenced by the publicity
that had been given the sale. Profess
sional buyers and the regular auction
room followers offered few bids during
the sale of the lots, which began about
IL 80 o'clock and finished at o'clock.
During the morning session Of the sale
prices were both low and tardy. II
looked 50 IN the market was not ready
to absorb 1874 lots, but as the sale pro-
crossed prices improved and bids came
with more rapidity. Lot 81. which Ia on
the south side of West 179th street east
Of Hennessy place was the first parcel Of
fered. For this MIR. Day was bid $500
II was finally struck down to Phillip
Kaufman for Si350 Mr.. Kaufman was
given the privilege of the adjoining lot
at the same price. but he refused, and ~
consequences II cost $50 more. Adjoin-
ing lots on l19th street sold for VI .<25.
The corner OF Hennessy place and l79th
street was bought by Riker X. James for
81 Up to l 40 o'clock forty-nine
lots had been sold for n total Of $50. 40.
which is an average Of sl.s41 lot. The
average for the next hour dropped on. At
2:l5 seventy-two lots had been sold for
s10s.950. which Is an average OF h.5l3.
From that time on to the end prices
picked up and the sale was carried
through with more despatch.
This might be accounted for by the iact
that what were considered the best lots
in the estate were not offered until
the last two hours Of the sale. The dock
between 18th street. West Burnside ave-
nue. Hennessy place and Loring place
brought at total OF s62.%75. Those who
bought In that block besides Kaufman
and James were r. j Parker. 7 j. Breh-
nan. Peter McDermot. John ]. MELON
ough, Marshall HOLSTER. Mary 4 Dorer
John Younker. c. w. Bennett. Jr. J. j.
Karby O'Kennedy and Gustave Lam
genus
The block to the west Of this. that be-
tween West Burnside avenue. Hennessy
place. Osborne place and 1!sth street
containing forty-three lots. sold Tor $te'-
Az some OF the hes, prices OF the
sale were obtained for Loring place lots
which sold for $4,000 each and over
John r. Kaiser. builder. paid the
| highest price OF the sale. $3,42o TOT tns
! mort west corner OF West BURNSIDE ave
nue. and I.oring place. a plot 2ollSioo
! Michael Colemen said that the estate nae
been offered $1,000 for tais lot soon atte'
| IL was announced that the Hennessy prop
erty was TO be sold at auction. out th'
! offer had to be refused. as the terms o.
IN. cour, were that the property hao u
he sold at auction and not at pr'Na''
sale. - ,or.
MIR. Kaiser bought other lots. anon
which were the eight lots fronting OF
the north side Of West Burnside avenue
adjoining the corner OF Lor.ng p,ace
These lots extend over to Hennessy piacs 8
This block front cost Mr.. Kaiser $2o.s.o
7, is said that the block Will be improved
with apartment houses.
Among those who bought lots are feTe s
+ McDermott. John J. Mcponoush: II,
7 ! Emondson. Peter X. James. ~
Rrenan. r. ]. Parker. Robert l.; oaoI'
and the Rev. John A. Gasperc'k' ~h'
bought on osborne place. adjoining an
corner of West 18th street, Tor si's.
n lot It could not he learned III
Gaspercik's purchase was personal IN
ves,ment or one made for congrega"o'
which plans to build new church