New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-08
FINE PARCELS
AT AUCTION
Buyers Likely To Be At
tracted to SalesrOOms by
Properties Listed.
9TH ST. TENEMENT
IN WEEKLY BUDGET
Some Acreage Tracts at Pelham
Manor Scheduled To Be
Sold Tomorrow.

Some properties which are likely 70
bring buyers 70 the auction rooms are
listed 10 be sold this week at the Vesey
81. and Bronx salesrooms.
Seldom will several expert apprais-
ors be found agreeing to penny as TO
the market worth Of any parcel. 1t is
this variance Of opinion that adds in
terest TO the sales market. and partic-
ularly 70 the auction rooms. One group
Of operators are unable 10 gauge the
present or possible earning power Of
properties of a certain class or in a
certain centre, whereas many other
professional traders are good judges
Of them and are ever ready TO buy and
TO improve such holdings.
mo one man can be specialist in
all things in the realty world is n
popular saying that fully expresses the
reason why the buyer who limits his
purchasing operations 70 one borough,
or to districts, with many similar
building forms. is usually conspicu-
ously successful. and the Spectator
who wants to be everywhere is gener-
ally a realty weakling and failure.
IL is not likely that the majority OF
experts have any other view than that
9th ST.. from river to river. has a
most promising future. Henry Nor
genthau, Ambassador 20 the Ottoman
Empire. predicted ten years ago that
9th 81. was going TO be one Of the
best, II not the best, crosstown shop
ping districts in Manhattan. Ever since
il has been growing in Importance in
this respect.
Well. this week the second prop
erty on the auction list is 227 East
5lth St. four story tenement. This
property is near the Band Box Thea
tire. and is certainly well located on the
avenue. Il is 20 be sold in foreclosure.
the defendants being Margaret l..
Devins and others. The sum due is
not much more than $4,000. Assured
ly, this is good speculative piece
The transit links now being built are
going TO add largely 10 the value Of
property in this section Of Yorkyille.
There is little lot up at the north
west corner of Pleasant av. and l09th
81. for which the city is going 10 try
70 find a buyer to-day. IL may prove
20 be another auction bargain of the
year.
Those persons seeking to purchase
fine suburban plots. and with a. lean
.ng in favor Of a Westchester County
place. should not fail to be in the
Vesey st. salesroom at noon to-mor-
row. At that time Joseph =. Day is
going 70 sell at an absolute executors
auction sale six acreage plots of from
2.656 acres TO 1919 acres tone inn
proved with a two and one-half story
frame house, on VOLTS Lane, Secol
Lane. Pelham Parkway and Boston
Turnpike, Pelham Manor, y. Y. Thi!
property is in the Secor Hill section
the highest part of Pelham Manor. and
is surrounded by the homes of many
wealthy people.
Il is convenient TO the New York
New Haven & Hartford Railroad, main
division: the Harlem River branch md
the New York. Westchester g. Boston
Railroad. and also within five minutes
walk of the Westchester electric troll
ley line.
The property is to be sold as six
Parcels. as follows: Parcel No. l. sit
uated on VOLTS Lane and Secor Lane.
with an area of 3463 acres; parcel No.
-, situated on Secor Lane. with an
area of 2.S56 acres; parcel No. 3. stu
ated on Secor Lane. with an area of
4721 acres; parcel No. 1, situated on
Socor Lane. with an area of 7.4l9 acres;
rarcel No 5, situated on Secor Lane
and Pelham Parkway, with an area Of
1911 acres, and parcel No. 6. situated
on Pelham Parkway and Boston Turn
pike. with an area of 6.995 acres.
The auction list for the week is as
follows:
TO DAY
A. "A E-,ey S.