New-York tribune., 1919-09-17
Small Lot Buyers Show
Liking for Bronx Realty
ooo OF Them Make Good Success of Offering of
stern Property ON Bronx and Pelham Parkway
by Davies and Brady-Totai Reaches $40, 5 Is

The offer of Benjamin Stern to
finance home construction ON his nron-
erty IN the Pelham Parkway and East
chester section of The Bronx brought
ABOUT 500 persons to the auction
room yesterde to bid on the 2s4 lots
which Mr.. Sts.n had ordered !. CIar-
ence Davies and Henry Brady to sell.
Many came there in search of way to
shake off the manaclcs of landlords
and being folks of limited means. bid
carefully, measuring long each dollar
before making a bid As q consequence
the sale was an extremely drawn out
affair, the sale of The 2SA lots lasting
about seven hours.
Every lot WAS sold, however. and all at
prices which were satisfactory to the
seller and the auctioneers. A total Of
SlAo,olS was obtained for the property,
which is indeed good deal more than
Mr.. Stern paid for it twenty years ago.
when he took the tract of seven blocks
on the north side of Pelham Parkway
between kastchester Road and Bouck
Avenue. and extending back two blocks.
Bargains were obtained at the sale. but
some prices higher than the auction
eers estimated were paid The average
price was S491.
High and Low Prices
The high price OF the day was $3.50.
paid for the site at the northwest
corner of Pelham Bay Parkway and
Eastchester Road, an irregular site
winch has business as we'll as resi-
dentlal possibilities. The plot fronts
on both a restricted residential street
Pelham Parkway, and on Eastchester
Road. which has been set aside Tor
trade development. Fifty dollars was
nc lowest price paid at the sale. and
this amount bought corner fifteen
jeet OIL Astor Avenue and forty-three
1eet on Seymour Avenue, with the rear
Inc IN the centre Of a creek Low
prices prevailed along this creek. which
wends this way and that north through
the properly
Lots along this stream north of
Astcr Avenue SOLD for S125 10 5000
each. The swimming hole and the lot
adjoining it brought $3.50.
Davies Does Some Selling.
!. Clarence Davies who promoted
many Of the big lot auctions held in
TINS section Of the city in recent years
iook fling at auctioneering during
the sale.
lie sold the ten lots on the west
SIDE o. Fish Avenue 100 feet south of
ham Parkway and Astor Avenue. When
he took the stand Mr.. Davies an
nounced that it was his first effort at
9 lot auction sale and hoped that the
bidders would bid lively. He obtain
ed good prices for the lots Again
later in the sale he sold a few more,
buc apparently his voice was not suit
ed fer the strain OF continuously de-
manding bids because his voice soon
showed signs OF Weakening.
The sale started at l240 and it was
not until 8 o'clock that the last lot
was sold. the two lots on the west
side Of Fish avenue 100 feet south of
Astor Avenue were the first to be of
fered The bidding started at 5000
and with ra ises OF S25 and $50 the
bid was lifted 10 S675 for each lot
Solomon Gorson was the buyer He
SAID he bought the lots TO erect
building for instruction Of deaf mutes.
Pelham Parkway lots were the choicest
OF the Offering and naturally brought
the best prices. The Parkway is
400 foot wide highway and those who
came TO the sale wanted some of the
SO lots on this thoroughfarc. The
highest price was that paid for the
corner of Pelham Parkway and East
chester Road and the lowest $625 for
a lot adjoining the north east cor
ner Of oung Avenue. The corners
on the Parkway brought from $825 to
S115O Inside lots IN the block be-
tween Fenton avenue and Eastchester
Road brought from $1,000 to S2025. the
latter price having been paid for the
LAND adjoining the Eastcbester Road
corner.
Brady's Big Effort
The sale was the first big lot auc-
tion conducted by Henry Brady Nh
Brady showed the confidence and poise
Of veteran and many remarked that
the "young fellow as some called him
knew his business. AS matter of
fact Mr.. Brady has been associated
with the auction market for many