The sun., 1919-06-11

Castle. as his homo is called. Although
Mr., Paterno made no statement as to
the purposes to which he intends TO put
this newly acquired property II was
taken for granted that he bought Il In
so that he might exercise complete con-
troll over the development Of the area
adjoining his handsome estate.
DR.. Paterno's first purchase Included
nineteen lots on the western aide of
Northern avenue extending from the
northern boundary OF his present estate
to Chittenden avenue. for which paid
$4,000 each. He followed this with the
purchase of six lots on the east side OF
Northern avenue rust north Of his estate,
for which he paid sS.7oo and $500
each For the six abutting lots on the
west side of Pinehurst avenue he gave
$1,000 each. and for the seven plots
adjoining them on the north on Pine
hurst avenue $4,000 each. Finally, for
the tapering strip of lots-"watch
charm" lots, Mr.. Day called them-ex-
tending south to 1881 street and to the
east OF his property, DR.. Palermo paid
$1,000 each. There were twelve lots in
all In this strip.
Felix Isman's purchases included
eleven plots on the eastern side OF Ben
nett avenue, extending south from West
18th street almost to 1S6th street. ano
Broadway, midway between 1s6th and
18th streets. on this T shaped plct. It
was announced. a giant movie house will
be constructed. For the lot at the south
east corner OF 18th street and Bennett
avenue he paid $500. For the adjoin-
ing plots on Bennett avenue he paid
$4,000 each. The three plots fronting on
Broadway were knocked down to him on
bid OF $500 each.
IT. ~ ~
the Broadway lots included In the auc-
ton was $500 for the northwest corner
OF 1s6th street and Broadway. The lot
at the southwest corner OF Broadway
and 18th street brought $1,000. The
highest bid for an inside lot on roadway
was $500.
Fort washington avenue seemed 10
be favorite in the bidding, Judging by
the prices received Tor property on that
thoroughfare. Two inside lots adjoining
the northeast corner of Fort Washington
avenue and 1880 street sold for $1,000
each. The plot at the southwestern cor.
ner Of 1881 street. and Fort Washington
avenue sold for s1.o22. This plot is d.
rectly opposite the Fort Washington cor
ner property which brought the star
price of $1,000.
Twenty-Five plots on the east side OF
Riverside Drive brought prices ranging
from $1,000 to $4,000 each, and the
twenty Eight plots facing them on the
western side of the Drive sold for from
81, 900 to $4,000 each. On Overlook Ter
race the prices were the lowest, ranging
from s7o0 to $3.50.
Roughly speaking, the property sold
Is situated between Broadway and the
Hudson River, beginning at what would
be 1920 street. and running north
erly to 18TH street and being intor-
sected by Bennett, Fort Washington,
Pinehurst. Northern and Chittenden ave-
nues, Riverside drive, Overlook terrace.
Masaw place and 1880. 1stth and 1S6th
streets 1t is located Just north OF tho
biz apartment house colony which has
grow up TO the west OF the 1s1st street
subway station at ST. Nicholas avenue.
The successful result OF the sale will
further the project which the late Mr..
Bennett provided for in his will, namely.
the esta blshment OF home for old
newspaper men in New York city. When
Mr. Bennett died he dedicated the bulk
OF his estate to the foundation Of this
home as a permanent memorial to his
father, James Gordon Bennett the elder.
There is no question that this event
will be handed down to posterity as the
greatest lot auction sale in the history
of New York, which means the world.
said Mr.. Day at the conclusion Of the
AUCTION. bcyOHu lldI tHoio 10 NSty
little need for comment as the crowded
condition of the salesroom and the re-
suits OF the sale itself were conclusive
proof of the hard work done by my
organization in promoting the auction"
The Brooklyn Real Estate Exchange
was crowded yesterday during the sale
of sixty-four lots in the Bay Ridge Sec
ton, conducted by the Jere johnson. Jr..
Company. The total realized at the
sale was $64,25o. The bidding was
spirited and all the lots were disposed
Of in the record time OF forty-nye min
utes.
The lots auctioned off were located on
Sixth, Seventh and Tenth avenues, Fort
Hamilton Park. Eighty-frst, Etshty-
second, Eighty-third and Eighty-fourth
streets and the average price brought
by each lot was $1,000.
Six lots on Eighty-third street, be-
tween Seventh and Tenth avenues. were
purchased by A. NJ. Kofstadt for $l.025
each. Other lots on Eighty-third street
brought from 5000 to $1,000 each. Sew
eral lots on Seventh avenue were struck
down for S1,075 each. and lots on Fort
Hamilton Park brought from 1925 to
$3.50. On Sixth avenue tho prices
ranged from $s25 to $3.50.
Among the successful bidders were
DR.. p. ]. Carley. Z. ]. Tweed. Joseph
Quigley, Valentine Peterson, Morris