The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-17
FLEET ESTATE LOTS GO TO
BUILDERS AT Low PRICES
Whirlwind Auction Sale i'm
Brooklyn DispOses of 292
Lots i'm Two Hours.

Two hundred and nincty-two lots. COM
prising the Fleet estate property In the
Bay Ridge section of Brooklyn. were sold
out at the Academy OF Music last night In
a whirlwind auction sale that took Just
two hours Jere johnson Jr. Company.
the auctioneers, realized total OF $685.
100 for the property.
Though the lots we're offered singly there
were but few buyers who bought that way.
Many took them IN blocks OF five. and sew
eral builders and real estate operators
bought as many as twenty lots at time.
Local builders and brokers said the prices
were low. in fact several hundred dollars
a lot below prices at which property In
the neighborhood Is being held. The
average for the entire tract was s1.2lO a
lot Arthur H. Selinger, builder oh
Court street. was the largest buyer, his
purchases including several blocks OF from
seventeen TO twenty-three lots.
The property Is located on Sixty-eighth
street and on Bay Ridge avenue between
Third and Sixth avenues and on Sixth
and Fifth avenues. The new Fourth ave-
nuc subway runs through the tract, which
has been In the Fleet family since Samuel
Fleet bought 1t for farm seventy-nine
years ago.
Those who have watched local lot auc-
tions during the last ten years expert
onced new sensations at last nights sale.
for since the land boom began no such
spectacle has been seen. Not only was
every prominent Brooklyn builder and
operator there. but many men we'll known
into public life also were on hand TO conf
pete for the property. Some OF those seen
were Tax Commissioner Adolph Kline.
Deputy Tax Commissioner William Burke,
John Pullman, Howard e. Pyle. william,
$. Morrlsey. De Hart Bergen, George H.
Smith. Assistant Corporation Counsel
James o'Ncil Charles Muller George II.
rEW.s H. aW,I
Saiizka.
There was also a large representation
OF what was usually called small In
vcstors. but they either did not realize
the low prices at which the lots were
being sold. or they were startled into In
activity by the swiftness OF tho sale. for
only u few of them bid in tlmc to obtain
"A few scattered lots.
Prices in the various sections were
about like this: on slxty-eighth street,
between Third and Fourth avenues, inside
lots brought from $1,000 down to s1.175.
At these prices Arthur Selinger and Theo-
dorc Ficke bought twenty-five lots. In
the block to the east, between Fourth and
Fifth avenues. Sclinger again bought
twenty-five lots at si.I25 to $3.50. He
bought twenty-three lots ON the same
street between Fifth and Sixth avenues
For $i,025. On Sixty-eighth street. west
OF Sixth avenue. Selinger bought prac-
tically everything at 5000 a lot. He bought
thlrty-eisht lots on either side OF Bay
Ridge avenue, from Fifth to Sixth ave-
nue.. at S1.l25 lot
Frontage OH Fifth and Sixth avenues
were offered In plots OF 100 feet those on
Sixth avenue bringing about $l.l50 "A lot.
The best prices OF tho sale were had on
Fifth avenue, where corners OF 100 feet
frontage brought as high as $1,000 a lot
Some Of the buyers. besides those al
ready named, were Asher Damn, q. j..
Harding. Jacob Schmidt, Palmer ]. Casey.
Il. Greenfield. Oscar W. Klein, Fitz j..
O'Donnell and j.. McGlnniss.
The music hall of the Academy OF
Music. where the sale was held. seats
$500 people. Every seat was taken and
people were standing In the rear OF the
theatre. Fred Snow presided as auc-
tioneer. Many of the lots went for less
than their assessed value.