The sun., 1919-09-17
STERN ESTATE LOTS
PUT UNDER HAMMER
All Of 284 for Sale Brought
$40, 518, or About $500

A portion OF the Benjamin Stern es-
tate north Of Pelham Parkway and west
OF Eastchester avenue, midway between
Bronx Park and Pelham Bay Park, was
sold yesterday at public auction in the
Vesey street auction rooms by ]. Char
ence Davies and Henry Brady. auc-
tioneers All of the 2s4 lots were sold
for a total of s140.51s or about $500 a
lot. Compared with previous auction
sales OF undeveloped Bronx properties.
this sale indicated that the day of bar
gains In unimpnoved real estate in the
confines Of the city has not passed
There was large attendance An
interesting feature of the sale was the
iact that Mr.. Davies, for the trst time
In mis- long career as a real estnte
broker, personally mounted the stand
and auctioned of a lot He apologized
TO the big assemblage for his inexperi-
ence as an auctioneer but declared his
desire Of trying his hand. Up 10 that
tirne MI Brady had conducted the sales.
Mr. Davies started in like an old hand
and was soon getting even bigger
prices than his colleague. His success
caused the crowd to give him a round
of applause
Inc sale was unusual In that the 500
or more attendants represented the work
ing classes In search of a chance to get
an immediate home or a snug little in
vestment. The bulk of the lots were
bought singly, and the buyers paid prices
such as one might expect to pay for a
bungalow site instead of that of future
apartment houses such as characterize
the new thickly settled sections of The
Bronx
There was marked absence Of specu-
lators or of representatives of develop
ing and building companies BY far
the majority OF the buyers signihed their
intention Of putting up a house as soon
as possible. Although the Pelham Bay
Park extension Of the East Side subway 10
not yet constructed as far north as Pei
ham Parkway. this did not discourage the
buyers. most of whom appeared certain
that they had picked up bargains.
The bidding began at 12:4o and ended
at 1880 in the evening The first lot
sold, No. 149. size 276x100 was taken
for 1915 by Solomon Carson, deaf
mute, who. with his wife, also ieaf and
dumb, exercised the privilege OF taking
an adjoining lot at the same price. BY
means of pencil and paper Mr.. Carson
stated his Intention of erecting a house
on the property next year.
AuIcTeSL CenIereu IN Ine CHOICE lOLS on
Pelham Parkway. between Seymour and
Fla stchester avenue, and on the lots fac
ing Eastchester avenue which Is the
principal business thoroughfare in the
region of the properties.
The highest price was paid for the
northwest corner of the Parkway and
Eastchester avenue, with a frontage of
1879 on Eastchester avenue and rs feet
OF the Parkway. This brought S3,S50
The next largest price was paid for the
lot adjoining west on the Parkway, 25x
121.67. which brought S2.o25. Four lots
on the Parkway, between Eastchester
avenue and Fenton avenue, brought
S1,125 each. One lot at the northeast
corner of the Parkway and Seymour ave-
nue. brought s1,050. One lot on East
chester avenue, between the Parkway
and Aston avenue, 2555x141.35, brought
$500.
The lots facing the Parkway were re-
stricted 10 $500 structures and they
brought an average of $500 a lot. The
smallest price was paid for watch
charm or pocketnlot at the southeast
corner OF Seymour and Aston avenues,
4Sx1Sx2S, which went for SIS. Others
in the vicinity went for $3.50.
THE sale was a success" said Mr..
Davies. I'VE got as good a price as we
expected and we are satisfied. The pub
lie never got better bargains and there
fore 1t is satisfied. One or two resales
were made at a profit, which proves
that the public got a barPainU