New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-09-19
|. I. CITY SALE
STIRS INTEREST
293 Lots of Courtney
Tract To Be Disposed
Of Saturday.

The sale Of Long Island City lots to
be held on the premises next Saturday
by Bryan L. Kennedy is attracting
widespread attention. This sale will
be absolute. There is no reserva-
tIon price. The highest bidders will
be the new owners Of the site And
they Will be able to take over the
property on what are considered IN real
estate circles 20 be unusually easy
terms. Sixty per cent of the purchase
price may remain on mortgage at 5
per cent, or 90 per cent Of the bid at
: per cent. or payments may be made
In - equal monthly payments.
The property comprises the remain
ing 2'3 unsold lots Of the Courtney
Development Company at Thomson
Hill The premises have frontages on
Queens Boulevard, a 200 foot wide
thoroughfare; Greenpoint ave. and
Bliss. Caroln and other well located
streets. This sale viii begin at 1880
o'clock, and Will be held rain or shine.
All the lots are fully improved and
ready for the builder. The improve
lNtIiH iIo td44tu Ntit ldlu dttDILluH "
city specifications and under the SUI
pcrvision Of the proper officials. Direct
~ opposite the property Is the Bliss
street station of one Of the dual sub
way lines in Queens Borough. This
rapid transit link will bring the prem
ises within the rapid transit 8 cent fare
zone of the greater city.
Auctioneer Kennedy has this to say
about the sale:
an my many years Of selling prop
ertv al auction | have not had the
pleasure Of Offering lots which, to my
mind, held greater promise Of increas-
ing in value. | firmly believe that
this il one Of the very best opportu
mites ever offered to real estate inves-
tors The growth of Long Island City
has been such that owners Of manufac
turing establishments are at their wits
ends TO find housing for their workmen
and families.
These lots are 10 be within a travel
ling distance Of eight minutes of the
most expensive shopping district in
the world Fifth ave. from 34th st. 10
10th ST. The assessed valuation OF
this little more than mile of Fifth
ave. real estate is almost 100000, 900.
while the actual value is much greater.
"The trains TO Long Island City via
Greensboro Subway now run from the
temporary station at AID ST. between
Lexington ave. and Third ave. The
Irterboro system at the Grand Central
Station issues free transfers 70 the
Greensboro Subway, and in the near
future this subway will be extended to
The Grand Central Terminal so as to
connect with the entire lnterboro sys-
tenn. In Long Island City the Queens
boro Subway will be connected with
he entire dual system at the bridge
nlaza. Work on the elevated structure
10 make this connection is rapidly
nearing completion. Soon the Second
ave elevated trains will be running
across the greensboro Bridge to the
bridge plaza. From the Bliss st. sta
ton AT the property 20 be sold al auc-
ion residents viii be able 20 take
.itber Interboro subway, lnterboro ele,
vated. or B. r. T. subway trains to al
parts of greater New York for single
5 cent fare. .xn
"When ell the new dual rapid iran,
az extensions shall have obliterated
he Fast River barrier, the outpush OF
nonulation from Manhattan Will be so
great that prices in Long island Clty
will rapidly approximate those III wv
other boroughs'