The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-10-22
CRIMMINS SALE IA
REALTY BAROMETER
Proves Ability of Market to
Absorb Improved City
Properties.
BRINGS S994,550 TOTAL
Average Price Is $4,000 Per
Parcel; Pawnbroker Said
to Be Heavy Buyer.

II any eNlueHCe mas Detn "
prove the strength and firmness of New
Yorks realty market 1t was supplied
yesterday in the Vesey street salesrooms.
when $50 parcels of improved and un-
improved properties held by the late
John D. Crimmins, contractor, investor,
banker and philanthropist, were sold at
auction by Joseph p. Day for a total
of $994,550. or an average of $500 a
parcel.
1t was the most important and by far
the largest single sale of improved city
property since the tidal wave of pros
perity enveloped the market early in the
year. The properties were all selected
years ago by the discriminating judg-
ment of Mr.. Crimmins. Many of them
were corner lots and plots and contained
both hot and cold water tenements.
The auction sales of the Bennett, Olaf
lin Stern and Van Cortlandt estates,
which followed each other in rapid sue
cession through the spring. summer and
early fall, were barometers of the cur
rent values of vacant land. The Grim
Minis sale was undeniably the barometer
of improved tenement house and busi-
ness buildings.
ding, however, was rather confined and
many of the properties, notably those in
Long Island City, were taken by David
Vogel for a client said to be Samuel
Hirschman, pawnbroker. Another
heavy buyer was I. Suchman, a theatre
owner. who took the one story motion
picture theatre and store structure at
3747 to 1865 Third avenue, in The Bronx,
1S2.22x159.76x irregular. for $4,000.
and several other choice improved plots.
Among the other buyers and their pur-
chases were:
$. w. Steel took the four story
tenements and stores at 1887 and 1899
Third avenue for S1s,500 and $19, 200 re-
spectively Jacob Ganannt 104l Third
avenue for S19,700, and S. Veirato
bought 1043 Third avenue for $4,000.
H. V. Wolfson bought the three story
and basement residence at 243 East
Fifty-seventh street, 16.sx100.5, for
s14,100. j. A. Root took the three story
brick garage. apartment and workshop
building at 225 East Sixty-seventh
street. 27.6x1o0. for $4,000.
Paul Viane took the three story brick
cafe and rooming house at the south
west corner of LenoX avenue and 10th
street, 50x99.11, free Of mortgage, for
$4,000. David Vogel and 1. Suchman
were heavy buyers OF vacant lots in the
block between Hath and 145th streets
and Lenox and Seventh avenues. The
average price of these lots was about
5000.
William Hagedorn bought the seven
lots fronting on First avenue between
Ninety-sixth and Exterior streets, ad-
Joining the New York Edison Company,
for s49,5OO. Another high price was
paid by Simon Andrews and George
Hitler for the five story tenement at
3777 Third avenue. in The Bronx, for
which they paid $4,000.
Thirty-one vacant lots, bounded by
| Lafayette avenue, Coster and Manida
streets The Bronx. were taken by ten
different buyers at an average of about
s., 900 each. Among the buyers were
louis ]. Solomon, Nathan Kanoff, James
F. Meehan. NJ. Veischler. John Denigue.
H. Sherman and ]. Goldberg.
NJ. Veischler also bought the four story
brick tenement and stores at the north
east corner of Brook avenue and 166th
street, The Bronx, for $4,000: Joseph
Rosenzweig took the watch charm lot.
50x1O0, on the east side of Hollywood
avenue, 125 feet north of La Sale ave-
nue., The Bronx. for $1,000.
DR.. ID. Newman bid in the triangular
corner of Nelson avenue and West 174th
street. The Bronx (vacanD, for $4,000.
and >. GettenDerg TOOK the TWO irregular
shaped lots at Macomb's road and Feath-
erbed lane, The Bronx, for $4,000 each.
Among the buyers of the Astoria prop
critics were David Vogel. who took the
following: The four story tenement, ass
Astoria avenue, for 900; the same at
| 362 Astoria avenue, for $50, 1000 the four
story tenement at Eleventh and Wilson
| avenues for s25,100; the four story
apartment house at SOS Eleventh avenue
for $4,000; the four story apartment
| and stores, southwest corner of Eleventh
and Astoria avenues, for s25.750; 566
Steinway avenue, a four story and store
tenement for s2o.500. and the same kind
| of house at 56S for S23.100.
Charles Knopfle took the four story
apartment at 81 Wilson avenue for $685.
| $50; Arnold Marco took 20 Wilson ave-
| nue., four story apartment, for $40, 900
David Vogel took the i've story tenement
house, at northeast corner of Crescent
/ and Thirteenth streets, 27x97.Sx irregu-
lar, for $4,000. and Fred Josephs bought
a similar house adjoining at 10 Crescent
street, 39x926. for $4,000.
Col. Thomas Crimmins, son OF John
| D. Crimmins and one of the executors
of the estate, after the sale said
1.-THE prices obtained were most graft
flying. We had approached the sale with
temerity because the properties were
scattered in three boroughs. The con-
centration which Mr.. Day used In hold
' ing the crowds, however brought the
prices 20 per cent. in excess OF what I
had anticipated"