New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-14
AUCTION SALE OF
BROADWAY LOTS
Will Be Knocked Down to
the Highest Bidder on
June %.
PROPERTY COMPRISES
1877 CHOICE PARCELS
Their Future Gilt Edge Invest
ment, Declare Messrs. Day
and Davies.

The last large parcel Of Broadway io's
in this city available for Improvement
with high class elevator apartment
,,,,sas and private residences is to be
sold At public auction 10 the highest DID
do- On Tune o by Joseph p. Day and j.
Clarence Davies.
In commenting on the sale Mr.. Day ana
Mr. Davies. in a statement given out
Yesterday. said o.
we are going to dispose Of every loot
~ this property without reserve 10 the
highest bidder. There are only 1877 % by
100 feet lots In this plot many of when
face the park. Their future as gilt
hedge investment is assured not only by
the northward growth of the city. with
its 5000 900 population. but by the SOUTH
ward growth Of the city OF Honkers win
over 10000 population. The city line
property is the dividing line between
these two growing cities and is locateu
upon the great thoroughfare. Broadway
that connects them both. This property
has all the advantages Of two prosperous
cities a. IFS threshold.
Strange as II may seem, II is only a
few years ago that hundreds OF lots couid
be bought along Broadway. without
doubt the most famous and best known
thoroughfare in the world, at such IN
significant prices that not only the opera
tor and builder but the investor, both
small and large, is astonished when he
stops TO consider his lack of foresight and
failure to have grasped such a golden op-
portunity.
There is an old saying that oppor-
tunity knocks but once in a lifetime, but
il does not hold true in this particular
case. for despite the northward march OF
trade and population shown by statistics
which have sent values along Broadway
soaring, those who overlooked the first
call are TO be given another chance 70
recoup in the sale of the Broadway city
line property auction at 262d st. and
Broadway on June q.
THE history of Broadway and its con-
slant northward growth reads almost like
a fairy tale. BY the year 1900 Broadway
had grown up to Pine st. and by 1900 up 10
Barclay ST. The City Hall was built in
1893 with a marble front and a brown
stone rear because the City Fathers at
that time never expected the City Of New
York TO grow any further north. BY the
year 1850 Broadway had grown up TO cath
81. and by 1915 to seth ST. In 1900 apart
ment houses began to spring up at 10th
81. with Harlem thickly settled around
195th ST.
"Since the year 1900 Broadway has
grown by leaps and bounds from 10th ST.
north 10 207th St. following the line of the
subway. about 100 blocks in fourteen
wears. To-day there are elevator apart
ments at Broadway and 2l2th St, and
there are FIVE and six story apartments al
ready built at esd ST. and Broadway
while plans for others are in course of
preparation.
From 2lOth St north OF the city line
the east side OF Broadway is entirely
occupied by Van Cortlandt Park The
west side only can be developed. Within
the next Eve years apartment houses viii
be built on the Broadway front OF the
Broadway city line property because only
a few hundred feet north OF II high
class elevator apartment houses have al
ready been completed.
New 1Ofk Will CSitdiiliS nave c'N'"
IN 10 the city line property by that time
and Yonkers has grown down TO II to-day
with apartment houses comes population
the population comes quick and large
increases In vtiues; then come big prohts
TO the investor.
Broadway. the great 10 foot thorough
fare which passes the property Is
direct continuation OF Broadway, Man
haitian. It's topography is such that at
this point north and south trafhc from
New York City 20 Yonkers and points
north must OF necessity use Broadway
'As the east side OF the avenue Is occu-
MED by Van Cortlandt Park, 1t has the
added attractiyeness Of Fifth az. and the
value on its west side OF
both Broadway and Fifth ay. for busi-
ness and residences. IT is completely
finished, graded. severed. curbed. fagsed
and paved and the assessments paid.
Some OF the Broadway lots here run
back 10 Spencer Place, residential
street. having frontages on two streets,
therefore one can build the nrst and
sscond stories on Broadway level Tor