New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-01-26
Former East Side Bankers
Realty Holdings Sold
at Auction.
SALE ATTRACTS BIG
CROWD TO SALESROOM
Professional Buyers Take Adj
vantage of Forced Offering
Some Parcels Withdrawn.

The trustees bankruptcy sale Of the
real estate holdings OF Adolf Mandel,
the East Side banker who was caught
in the financial pinch several years ago,
was held yesterday In the real estate
salesroom In Vescy 81. and resulted In
the partial liquidation Of the bankers
holdings, which comprised about half a
hundred fats IN Manhattan and The
Bronx. and fifteen parcels. chiefly UNI
improved real estate, IN Brooklyn,
Queens and Nassau counties.
There were hfty-eight parcels IN all,
But only thirty-iive found buyers. The
prices paid for these reached total OF
1878. 100. Interest in sale from buyer
standpoint was manifested only IN
Manhattan and The Bronx parcels. For
want of bids, most of the Mandel hold
ings in other boroughs were withdrawn.
The bids accepted must be approved by
the court before the Mandel bank je-
positors will have legally parted with
their interest in the properties. IL was
a big day for bargain hunters, and
many operators were on hand when
Joseph i. Day started the sale to take
advantage of the exceptional opportuni-
ties which the Offering presented. The
property was forced on the market 70
be disposed of for the price bid. The
result was that many flats sold for
prices below what Mr.. Mandcl paid for
them years ago. II was the largest Of
foring of tenement property for several
years. Something like 1000 persons
were on hand when the bidding started.
Many of them were depositors of the
defunct Mandel banks, who had come
TO witness the proceedings which they
had hoped for some time would return
to them good part If the money which
they had deposited i'm Mr.. MandcPs
banks scattered through the Hebrew
sections Of the East Side. Considering
the conditions under which the prop
critics were offered and an unfsvorable
market the prices were thought 70 be
fair by real estate men who attended
the sale. Details Of the sale are as
follows:
go. L'il -lis, sofa 20 i>...or for 81 go
~ W. T. 5 as i'', 5ids also saroik It, l22,
w Nyl s,oon is 'isl. sy hm1' sold
S.rfotX 81. il5 q 2. 50 It o. Riangon si.
.+t-.. ~ icant. sold 90 Charles faikenours
rlvINGIoH ST. l4o. &c. $50 It Of sqrelk st.
lspte sy bils. sold % Samuel irli.nser
RivlsGIos ST. D.. vs. IS q Of sufri!s st.
.-Aioo. So bids. s9id 70 Charles BTcs-h 'of
sivINGToN ST. IG. e q. 7g2 r u OF Clinton ct.
.,fIl .fv fsUUf. Withdrawn.
Lrsox sv s.s All siS. q .ty basement bri,k
M .nI f.ruf 5irN5 soil 90 : Ashner tor
81. 5us
10Th ST go D. S. - n y IT. az 2SX92.s sly
t,rmi s6i 20 ] far6er ~ ts9.soo
i0Tn ST 30 D. Do 81. go % e. ~ Avenue \.
f1r t.s-ni
go ST. g., p. 81. 3061 T. e 81 az ellOIlo2 :.
gy tennt. -li 60 sqel for So
cBTH ST .l--8.t T.. 20 ff ~ II sf Juh
ioetI ~ fs,,rry b,ds and 1 81 stable: sold
o. y Marss iof S,ts9
siIsrcn, parcels, 10 Pee sold as one parcel. So ;
sft AID basement brick and stouc dwgs loNt
90 each. 1855 Lexington Az Il iK6I ., sold 10
william hu.'saftcu Cor s-7.soo ..-,oou =,
~, t.ern, .5.i 20 Is kstz for 81 700
morn ST "a T. 5 s. 100, al ~. ljIl00. 4
n, ferrni .1fl . VI Narls f1r fl-.T50
rtrDtAy av ID q 0l- t5-fu 81 fDIu1. sty apt
lol'.. sold 10 VI Hhp,-H 'or Sal
r~'-'-' 81 az St4 ZOO