The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30
$50 PAID FOR LOTS
In EAST BRONX
1925 Sell for a Total Of S75,.
275, Which Is an Aver
age Of $3.50.

Several lots in the Bradish johnson
estate. the sale OF which was begun
yesterday In the vesey street auction
room by Joseph =. Day n j. Clarence
Davies. went for $50 each. Many went
for 800 each. and most OF the 900
struck down during the first day OF the
sale brought less than $3.50 each.
e The sale Is tho largest lot auction
OF the rel Close 10 500 lots compos
tho Offering which covers several blocks
OF territory not far from Clason Point in
The Bronx. The property is not far
from one OF the most congested sections
Of East Bronx and Is several blocks
from trolley. elevator and subway lines.
which lead to nearly every corner OF
the 327 square miles OF the greater
city. This. with the campaign OF ad-
vertisiug which has been carried on by
Davies ana Day. brought a great crowd
ct men with bank books and real money
to the auction room In Nesey street
TO buy the Johnson estate lots.
James O'Neil. who thrilled New York
some years ago with his Interpretation
OF Monte Cristo." was imong the
early arrivals n before the sale was
on more than an our had succeeded in
getting one OF the corners OF the prop
erty' He got the corner of Ludlow
and Noble venue for a total OF $1,000
For the corner he paid 5000 and from
S525 to $500 for the adjoining three
Mr.. Day advised the actor not to let
go his contract for less h $4,000. fol
there was a big future for that corner.
MIR. ONeirs purchase infused the
crowd with n buying squirt and though
the bidding was light 325 lots were
soid when 9 O'Clock swung around and
the sale was adjourned until this morn
ing. when the remaining 254 lots will he
offered. The lots to be sold to-day are
said 20 be the best OF the Offering. being
upland and near Clason Point Road,
along which runs a trolley line con-
Meeting with the great network of Bronx
and Manhattan transit, a few blocks
away.
For the 325 lots a total OF s75,275 was
bid. which In an average OF $3.50 a lot.
Michael Gronne was the big buyer OF
the day. He signed contracts for seven
teen parcels. Mr.. Schmidt. who owns
property adjoining the johnson estate,
bought fifteen lots to d to his hold-
ings. Patrick H~aughley had a partic-
nteres>~ smatkparO
watch charms OF the offering. He Sc
cured for SI.s75 the three lots in the
triangular plot between Clason Po!n,
Road. Rosedale and Story avenues
hisANt ioNs oi .NDpie dNcTue dNtTdRNN
from $3.50 to $500. and on Rosedals
avenue. AUDITING. the prices ranged from
1850 TO $500. Other buyers included
Giuseppe Moraci. Albert De Canio. 8
Unger. d. De Nigrls, Frank Reister and
william Stone. Nathan 3. Ievensor
paid SLAB for a 100 foot plot at the
southeast corner Of Randall and Under
hill
After the sale was over for the night
Day and Davies issued n statement IN
which they sale MANY of the people
who bought lots to-day live In the Bronx
and ave seen tho enormous Increase in
values. Many more bought at other 10,
sales and have been awaiting this chance
TO invest again. A considerable number
Of buyers live on the Fox estate. in the
vicinity OF the Simpson street station
and have seen that section thickly popu
lated In a few years.
These people saw the opportunity 70
buy at low prices and bought to the
limit OF their means. recognizing the
wonderful bargains they obtained. They
went home we'll satisfied with their visit
to the auction room and with their pur-
chases. There were several instances IN
the auction OF substantial profits
offered to those who purchased"