The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-08
WOOLF ESTATE LOTS
GO AT BARGAIN PRICES
Weather and Jewish Holiday
Give Professionals Con-
troll Of Bidding.

The last OF the old Woolf farm in
the kingsbrldge section OF The Bronx,
II6 lots. watch charm cores. slivers
and irregular plots scattered over a half
dozen blocks along the Jerome avenue
subway between the roth and Belmont
streets stations, was sold yesterday In
the Nesey street auction room by Bryan
l.. Kennedy, but at prices not up to the
expectations Of the woolf heirs. the
auctioneer and other interested parties.
The 11s lots. silvers and watch charms
sold for a total OF $2O3. 800. which Is
s93,05O less than the value placed on
them last year by the city's real es-
tate experts. The loss in value as rep
resented by the difference between the
auction prices and the city's valuations
may be attributed to the scarcity OF
small investors at the sale. due to the
weather and the fact hat II was a
Jewish holiday. Unwill!ngncss to lose
savings bank interest due in "A few days
was another reason given by observers
for the sale being practically In the
hands Of builders. spectators n the
usual auction room retinue.
As an example. the block between
Jerome avenue. l72d street and Ma
combs road. "A triangular plot OF thirty
parcels facing the new 10Th street sub
way station, sold for 346,55o less than
the assessed value OF the property, which
Is $4,000. The lots sold for $69.45o,
or AZ an everage OF $2.3l5.
Ten years ago the am block was
sold by the woolf interests to the
Fleischmanns at Ar average OF s4,c33 n
lot, the price being sl27. 900. according
| TO "a we'll known operator who recalled
the deal while the property was being
sold yesterday. The F~leischmanns turned
! the block back to the Woolfs In n fore
closure action.
Probably the loss 10 the heirs will moi
be so great as represented by the figures,
as members of the Woolf estate bought
a good part OF the block. Practically
the entire Jerome venue frontage was
secured by a young man, who showed
great ~eagerness to get as much of II as
possible. His desire for this property
attracted so much attention that Mr.
Kennedy announced from the stand tina,
the young man WAS bidding FOR his owr
account. az far a. he knew.
br. Becker. president of the Brons
Borough Bank. was a pretty active
buyer. In fact he was one OF the largest
He was the centre Of a group Of meI
who looked to be builders. investors anC
spectators.
The property is intersected by Jerome
venue and the Grand Boulevard. Mos
of the offering was east of jerome ave
nue. and the new transit, which II
that section is over an elevated struc
ture. Lots there being more regula'
shaped brought the best prices. will
,Az - n~.a .., ~. s,-
curse. TIL. Jerome avenue and Macomb
road corner brought $3.50 from a mem
Der of the Woolf estate. The Jerom'
avenue and l72d street corner brough
$4,000. Inside lots between these corner
sold for 1880 to 50. 400. Other corner
west az Jerome avenue sold nj ea0O
1900. $500. $3.50 and $500. tn
latter price was paid for a parcel OF tire
at the southeast corner of Inwood ave
nue. and Macombs road. Inside lot
west OF Jerome avenue sold for as 10y
as $3.50. They were the two on InHoo
avenu. adjoining the Macombs ros
corner. bough, by Or. Becker. From thi
figure the price rangcd up TO s2.lo0 70
-four lots on l72d street, adjoinln
Jerome avenue.
Prices on the Grand boulevard range
from $3.50 to sl95. the latter being T.
a fve foot gore on the west OF the bouls
va rd north Of H~awkstone street. A go,
OF eight lots frontage on the Boulevar
between Belmont and 1920 streets wa
secured by DIR. Becker at $3.50. 1t
assessed at $4,000.
Corners on tho Boulevard sold 8
: $4,000. $1,000, $3.50 and $500. Franc
l l.. Stafford secured the first parcel o
fered-the lot. 25xlo0. at the northeai
corner of Jerome venue and lTIst stree
a "a . u nnA
= bidder for the three adjoining lots c
the venue at $500 each. The ne,
l. two lots on Jerome avenue went
r George Allison for $4,000 and the ne,
{ three to Scion l.. Frank, operator, Il
e 1850 each. Mr.. Frank also bought {
adjoining gore lot at S675. and the for
rear lots facing Townsend avenue for
4 total OF $1,000.
The southeast corner OF Jerome av
r nue. and 172d street. 5s.7x2l.Sx irregula
e war taken by Lawrence +. Woolf
$1,000. l.. NJ. Conner paid $3.50 apie
h for two thirty foot plots on the We
4 side Of Townsend avenue. IS feet sou
of l72d street. Two lots ~surroundii
n the northwest corner of Townsend av
nue. and 17lst street went to NJ
Kenny for 81. 800. and for two adjolnii
x lots on Townsend avenue kathariI
Franchette paid $1,000. For the twent
n one lots in this block-Jerome al
Townsend avenues, hist and II
n streets. s27.525 was realized.
Harold swain. legal representative
the Title Guarantee and Trust Compar
bought at $3.50 the small gore lot, 36,
ELK irregular. on the east side
Jerome avenue. 24l.7 feet south of IL
mont street. A similar lot. 32.4x65.
irregular, on the east side of Townsc
& avenue, 76.2 feet north OF Hist sire