New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-07
NIGHT SALE OF
BROOKLYN LOTS
Offerings Comprise 29l
Parcels in Bay Ridge
Section.
PROPERTY OWNED BY
THE FLEET ESTATE
Fourth Avenue Subway, Almost
Completed, to Have Station
on Tract.

In the many Years during which we
have sold at auction property in Brooklyn
from which buyers have made large
sIius We have never offered lots which
We believe had promise Of larger or more
certain profits than those of the Fleet
,statc in Bay Ridge This is part of q
statement made yesterday by Mr.. John
son. Of the Jerc Johnson. Jr., Company,
relative TO the 29l lots on 69th ST. be
tween Third and Sixth avs, and on
nth. Sixth and Bay Ridge avs, which
TN, company as auCtionccrs will. sell at
- night auction sale TO be held at the
Academy of Music i'm Brooklyn, on the
evening Of Tuesday. June 10.
1t is most surprising continued Mr..
Johnson. TO lind family that has held
a fine property Ike this for eighty years
selling it Just when il is about TO come
into greatest demand. but some of the
numerous heirs Of the Fleet estate want
the money now, instead of the land ana
We have been authorized to sell II lor
what We can get for il.
Personally l regard it, for many rcd-
sons. the finest property that has been
offered at auction in lots DURING the last
twenty years That those who know
GOOD property feel the same way is indi-
.sted by the fact that before contracts
for the sale were signed. information
about the coming sale having leaked out
I'M some mysterious way, VIC received
surprising number Of inquiries for details
and since the property has been adver-
rscd We have had more inquiries concern
I'M. the safe than any auctioncer has had,
according TO our information. about any
Brooklyn sale i'm recent years.
Air. johnson save as the first reason
for his unusual interest the fact that
the Fourth ave. subway, part o. the
dual system. now almost completed, Will
have a station right ON the property at
gay Ridge and Fourth avs. He explained
however. that the Fleet estate property
Is not dependent for growth on the op'r-
alton Of the subway, for that section mas
for years been within a half hour OF the
Manhattan city Hall by the ttth aN
elevated road. with terminal station al
Third aV and 18th St, two blocks from
tne property. and a transfer station al
Fifth az. and 36th St, from which points
trolleys start which pass the Fleet estate
.,s~ 1;Io- L'r.o transfers arc given
from trolleys to elevated and from eIe-
waited to trollcys. Some of these trolley
lines also run over the Brooklyn Bridge
-. oo., g, f,rr, With the pres
cnt excellent transit service, tins section
Of Bay Ridge has been built into a closely
populated community Of which the Fleet
- - ,.,.,,.ti.all,. tho only vacant land
- h.. ,,o, L,.r turned over To dwell
..,.,,,l,,, and store construction.
80, promising uoint i'm favor
80 ,,a Met uropert,." continued Mr..
-. ga. Tho fat that il has not been
,.,,.l .roc,,l,t,r. When con-
nv - H., for the preseut subway.
49, ,,bo, the oncratiou stage was
.....h,d ,ir,ce were unusually good. and
...l ro.-,,i,,,,t risc i'm values i'm the then
..,..i,,., .,.,;o,e tina, came under the
- i,,ere,c.. wa almost beyond COM
- rho f,,.Idi,r growth that
-, ,.. i,s,a,co ON Washington
-. .. .t,, I'll of tho country. and
.i, ,,.ordor u-ae that DESPITE the Cu0r-
'''' Vim - I'm ,,c ponulatinn
,..... go. cro, az .,,ar,-
- ,,,I ro,,e of houses could
'"-'''' -
4
-. t,..,.d o.bop contracts for
~, ~. '''.- '.t,,,..,, wore let the real
ne ne. ', ,, -, was a, is lowest oub.
80, ,'o' ,,.., h~orobt about. no, los
l''' .. l'ioh crade nropcrtv. uu.
80. ....,a..., .,,c.,lstiop I'm inaccessible.
-. sa,..,d sections. where the sup
80 ....,....l,,,l,. l,nitIese but where
~ ,...,..,,,..,o l,,,,a,,d was practically nil.
W., 80 49, ,o,s were fortunate under
~, .,ro',.,s,.rccs in maintaining their
own A. The future has not been as yet
d..co,n,od along the route Of the Fourth
-. hui, tbese Fleet estate lots should
g., mos, attractive investment. e.
',.,t,. - tbey lie eouidistant from
l.,... M ,,.i,b ss,b - ir Manhattan.
-, .,,cb - wonderful advantage i'm
a"u no 80. over upper Manhattan
po.'' ,,s. pronx Prices in Bay Ridge
anu III. - f~oction Of those in the
.....t. ,,t believe an.