The sun., 1919-10-26

Practically all of the undeveloped area
Of the thickly populated Hunts Point
section of The Bronx is involved in an
auction sale to be held on Monday, No
vember 3. Tuesday. November (Elec-
ton day.. and Wednesday. November 8,
by Joseph p. Day at the Real Estate
Exchange. II and 1e vesey street, be-
ginning at - o'clock noon.
The properties to be aola comprise the
holdings of the Bronx Terminal Corpo-
ration and OF the estate Of the late
George F. johnson. The sale has been
pany and others as trustees. executors
&C.. OF the estates OF the late Hugh J.
Grant. the late Anthony N Brady, the
late George f. johnson and others.
About 1880 lots arc included in the
Offering. These are distributed over the
area lying between Westchester avenue
and the East River at its confluence
with Long Island Sound, Leggett ave-
nue. on the south and the neisnDorhood
OF East 164h street on the north
Hunts Point road runs through the CEN
tire of all of these holdings and Is ths
route Of Q car line which operates be-
tween the Hunts Point road terminal
station Of the Lexington avenue-South-
ern Boulevard subway. the Hunts
Point station OF the N. Y. w. & B. r, r.,
and the Bronx Terminal at Hunts Point
on the water front
The Bronx Terminal tract consists of
about 220 acres of upland, water 'front.'
age and land under water. with valuable
riparian rights In this and another
tract owned by the same interests there
are included about 9S5 lots the great
majority of which lie between the East
ern Boulevard and Long Island Sound
and on either side of Hunts Point road.
which Is the principal thoroughtare be-
tween the Hunts Point road. Southern
Boulevard and Westchester avenue sec
ton and the water frontage
sale includes the Terminal.
OF the utmost Importance to prospec-
tive buyers Is the fact that this property
In Its entirety Is in an unrestricted build
ing zone and outside of the city's fire
limits, where frame construction is per-
mitted. This means that manufactur-
ers, merchants and warehouse concerns
can buy a tract OF land or q plot OF lots
here and build thereon a manufacturing
plant, a shed or space for storage at a
total that probably would approximate
less than the cost of building similar
structure In the improved suburban or
rural districts.
A feature Of this sale is that II In
cludes the offering OF the Bronx Termi-
nal property. which II has required al
most ten years to erect and which at the
present time Is bulkheaded for a dis
lance OF about 1000 feet. In addition.
an immense amount Of dredging work
has been done, including a deep water
channel. The depth OF water along the
bulkhead limo is twenty-one feet at low
tide.
This property originally was purchased
by the Bronx Terminal Corporation from
an English syndicate headed by the late
Lord Alverstone. former Lord Chief JUS
tice OF Great Britain.
The separate holdings OF George r.
Johnson consist Of about 400 lots, dis
tributed over what has developed into
the most thicltly populated and fully de-
veloped section Of the east Bronx. The
lots to be sold are located principally In
ard adjacent TO both sides of Westches-
ter avenue between the Longwood
(Prospect) avenue and the Intervale ave-
rue stations on the Bronx subway also
on both sides Of and adjacent to the
Southern Boulevard between the Leg
sett avenue and Longwood avenue sub
way stations. fronting principally on
Leggett. Longwood and Intervale ave
nues. and in the ipmediate vicinity Of
the Prospect avenue station.
Hunts Point derives Its name from