New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-04
Large Sums Due on the
Majority of Parcels in
the Budget.
A CUSTOM THAT
HURTS DEFENDANTS
1t Is That of Letting Parcel Be
IBID In" and Then Offering
to Buy II.

Manhattan and five Bronx parcels IN
the budget. On most of the premises
large sums of money are due, as taxes
as well as interest are unpaid. The
properties, therefore, have been forced
into the auction market TO be sold I'M
der the hammer in order that the liens
against them may be settled IN the
legal fashion. 1t is indeed a sad New
Year for these unfortunate owners who
find their financial affairs so entangled
that they cannot escape the debtor
block in the auction market that has
been set up to satisfy the claims OF
lenders and others against real estate
holdings.
As the majority of auction room
| traders cling tenaciously TO the view
that the best way to buy foreclosure
parcels is to let the plaintiff bid IN
the property and then talk terms with
! him after the sale, IL is likely that
there will be no change from this order
for long time. BY following this GUS
tom, they say, they avoid misunder-
standings and also bidding over the
plaintiff at the time of the sale.
If there was ever q custom that
worked hardship on debtors it is this
one. In many instances it leaves the
plaintiff as the sole bidder at the sale,
and the price paid for properties under
such conditions is usually below the
sum of the liens against the premises.
All real estate experts agree that
there is no mere tempting and safer
| investment in the whole world than
well located and efficiently managed
/ improved sites in the greater city, pro-
vided the structure is suitable for the
site and was so built that it is an eX-
| cellent income producer from the very
/ beginning and can be so maintained
/ in capable hands. But one would never
think so, judging from the auction
/ slate for the Vesey st. and The Bronx
/ rooms this week. Yet there are very
| few parcels in the budget whose fut-
ure rentals and the probable cost OF
upkeep would not stamp them as splen-
/ did holdings for an experienced in
weston or speculator to add to their
Manhattan or Bronx properties.
The auction budget for this week is
as follows:
TO-DAY.
At IL Vesey st:
By Henry Brady.
I gid ST. 10 W. n $. 24s4 " Central Park w.
I 197xlOOs. sly dwlg Theo Hansen, trustee.
agt 5 + Williams ct al; 5 Borland. atty
/ NJ J Mccarthy, ref; due, slo.ssi 49, taxes
/ etc sl.lSO 81.
by Joseph p. Day.
18TH ST. l02 W. 8 s. 10 Lenox av 1GSx
99u. sly dwlg; NJ p Weber. trustee.
AIT c y Cole et al; S Borland. atty
" A Hirsch. ref; due, $500 81; taxes ETC
| 18th ST. 1li w. 10 Lenox av. 3oxlOo.ll.
sly tenmt and stores; Moriiz waiter
/ Henry Walter. atty; Benz Iuski' 9eI' uue'
: $s2,jn 81.
BY Daniel GreenYald.
RIVERSIDE DRIVE, 944 9Th 81, lo' *
H1lx irreg; sly apt house; sherln sac sac
Of all right title. etc, which Mary Lyons
had on Nov II. 1914, or since; Abr sny-
decker. atty. &c
THIRD Az. 1886. g, es.7 l2Sth ST lex s,,
! 100 3 stv tnmt and store. sty ext; sherih 5
! sale Of all right. title. etc, which Harold
! Thompson had on Dec 13 1913. or since
Samuel Bitterman, atty.
TOMORROW.
At II vesey ST.:
BY Joseph z. Day.
/ HsT ST. 152 and 154 w. s. 1915 W 9th ay;
4Gvq2 T. sly loft and store bl1Bi Sdhu''
Kempner et al agt Newstate co et al ac-
ton !: KudZman q i, attys' J. u Do"HhE,
ref; due. s84. 3e3 49, taxes, etc. SIS 90 suo 10
HsTs 81 les to 40 ". s. 1875 9Th av.
6qxe5 IL stv loft and store bldg; same agt
ealne. action .: same atty ana ref. due
3l.i-l 20; taxes etc $-''iI 80 SUD 10 "''S
sT %IGuOLAs Az. W cor i9lst ct. look
loo G stv apt house and stores; Henry
Norgenthau co agt Almeda Construction
Co It al; action !. 5 4 stern atty' X
Otheman. ref; due, a5-'sVS W ,aAss, 49,, V,C
81 600; sub to two prior mtgs ase4egauhs
ST NICHOLAS Az. " cor 1924 ST. iooI
100 sty apt house and stores same ag'
same. action .; same atty same rel; que
SEE SOC %; taxes etc. $500; sub 10 two prior
mtgs aggregatlng oyyN. 90, -. 80
18TH ST. 203 and 200 W. s. 10 W ttn az,
sOxlO0il, sly fat; German SaviEss Balk
act NJ Mertens et al. Meyer Auerhach.
aftv. a W stump ref; due, $40, C9l -; taxes
etc. S3.Ssl g.
By VI. Morgenthau. jr., CO.
5TII Av. 8 w cor 18th ~. loOx75.n. Sly. apt
house: German Savings Bank AIT VI Mei-
tens. indy. 81 al. eNrs and trustees; Meyer
huerhach. atty; Edw Jacobs, ref; due
Sgf S97 OS. taxes. etc. 500 d. -,...,,- 80,
sSD 81. Ill w = lSt2 Co s9il.aSes a.;
Eggers sgt VI J Edwards ct al; / Miller.
attv; Ely Neumann, ref; due. Slh 70.
taxes. etc. seS5 z; sub to two prior m'ss
By Henry Brady.
sru Az ST. W $. 90 n iSd St. 20 2x,oo. sly
orices and store bldg. Veronica Mock e al
agt V / Leonard ct al; ) Harris. at,y
O. Weller, ref; due. sii.3Z5 %; taxes, etc
go q AVE AZ 1913. =. .5n iOlst st. 25xloo. ;
sty tnmt and stores. Mayer kaizenpers az,
- 4 al. sidney NnIl4lhtf4f hANf o
II Weinhander. ref; due. Ns'gA 49, taxes
on WEDNESDAY.
At Il yesey St:
s,sr ST. 1871 Z. ms $50 lexington az. ?oSx
$50 5 sly dwlg: Union Trust Co sgt An
nette Pascal e al; Miller. h, l. I. attNs'
Cornelius HUH. ref; due s3osol o. taxes
s Sisr N sr 80 W. rs. 1875 loth av. i7.6H
ess' sly dwlg; Frank Dunning e. al. trus'
tees. agi s snyder ,e e, al du. spS 4.
taxes etc. iis5 ~ sub 10 two tax Hens as
gregating s.. 245 IS.
BY Henry Brady.
BLEECKER ST. IS to - " cor Eiizabeth
81. 92x90N irreg; six :. > ana sty loit she
store bldgs: County Holding 20 agt p
pve 81 ali: Merrill +. attys; y II Henri.
~ due. $3.50 o.: taxes etc. si.5o5 s..
By Samuel Marx
18TH ST. in and 4i2 W. $ 80 49, Az.
tsXs2 two sly tnmts and Stores hhlilis
HOFFMAN agt hsnnon ~ a. 5,s 80 - IL, a. 8
taxes' etc. 1851. sub 10 first mtg 5000
on premises at noon:
By J. Il. Mayors
u.urrr. PLAINS RID. n " cor 2solh st. uiio
sal. A Sondhem Agt \ owen e. az
sShwartzman & 5. atiys. y Downing
ref. due, So ssS q; taxes. etc. IS IL.
on THURSDAY.
AT Il vessy st;
,,.rIt ST lOs w. n s. 100 " Lenox av. TX
lao II. sty tnmi: il5th 81. III w, >, 10
W Ienox av. .5Xi0o. siy tnmt; Willis AZ,
g7S s. % ASA u. .5Ns9.t. Q sty tnnt ana
stores: ID NJ Loutrel agt Van beA-
echoten ct al: Wilder. Z a p. attys. NJ
nan s'r sso y IS gs7s % az. S1.6xi0oli.
3 sty tnrnt and stores; Equitable Trust 30
AT Flelschmaun Realty Co Inc, e. al;
Cary Z, attys; Camoritse sLitlnsstoh'
-. AM. Ssg on al. ta1es. etc. 81 81 80
By Henry Brady
NTH ST 81 T. s. 1905 y az. Esx
Ia, II sty tnult and stores, de II Moore
aKt ylaccn-a McssuF! - ~. = Holt