New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-09-28

After an ownership Of more than
tvo centuries and a half, dating back
20 the early Dutch Colonial days, the
Van Cortlandt Estate has announced
tho liquidation at public auction of the
remainder of its vacant holdings in the
West Bronx.
The sale is scheduled to take place
on Tuesday. October Ia, under the
djrection of j. Clarence Davies, agent
and auctioneer, in the Vcsey Street
saksroom. and comprises total of 254
lots situated on tn vest side of Broad
WAY from Spuyten Duyvil Parkway
ts.2nd Street,. and extending in a
northerly direction along the Broad
way frontage to 256th Street. While
the major portion of the Offering fronts
on Broadway. buyers will also have the
choice of inside lots on the adjoining
.,reess and avenues Immediately 70
the west Some OF the Broadway lots
have frontages on the Post Road. which
runs parallel to that thorougkfare 1Ne
entire length OF the property.
I
Because Of its historic associations
with the early days Of New York and
rs lorg ownership by one Of the most
notable families Of New York. TIE
liquidation of the property 8. this
time is of particular interest Or;ei~
nsliy grant from the Dutch crown,
the property was enlarged by pur-
ehases' from the Indians long before
the establishment &C the British
colonies snd was minded down IN the
long course of years through success
sive generate lens ef the Van Cortland.s
10 the present day
Included N the sale &rc THO hotels,
restaurants and stores which form IN"
business and amusement centres iust
north OF The terminal Of the Broad way
subway Il. 232d Street. The larger o.
she hotes immediately a. TIE foot OF
the station is reported to yield a net
income of Sill 1860. Other concession
aires pay rentals n proportion
From the standpoint cf the realty
investor the sale offers a wide range
Of choice, witf exceptional opportuni-
ties adapted e varying means and
needs There are lots for The apart
ment builder. income properties FOR
the investor. dwellings, ard home sites
Tor the over burdsued rentraver. I.
is also expected TO s'tract the attcn-
ton o. those o. speculative turn Of
nind WAC buy for profit.
Last Big Broadway Lot Sale
VIA. is probably the most cor
spieuous feature of this sale is the fact
that i marks the last large Offering AZ
auction u Broadway lots and. conse-
luent.y, the ilnai opportunity for the
lot investor 70 purchase this class of
property ut MS or her own price. This
statement is based on the result Of a
recent survey Of tho remaining hold
ings m Broadway, from the Harlem
Ship Canal to the Workers city line.
which slows that there are only two
holdings OF any size available and
these are considered negligible. in
comparison. for auction purposes. Up
20 within recent years there were to
the north and south Of the Van Cort-
lardt estate several large tracts for
laerly owned by the Goodwin, Dash,
Samler. Criswold and other estates.
but these have since passed into indi-
vidual ownership through notable auc-
lion sales.
With the exception al few short
blocks of cross streets extending from
Broadway 70 the Post Road, the
streets are paved, severed and COM
plated, so that prospective buyers need
have no misgivires about assessments
.of the work sireadY done
Property in Picturesque Location
Frem the viewpoin. OF topography
and surrounding the property leaves
little or nothing TO oe desired Rising
ina gentle slope from the street grade