The sun., 1919-08-31
STERN ACREAGE IN
BRONX TO Be SOLD
Hundreds Of Lots Along Pei
ham Parkway Will Be Dis
posed Of September 16.

One of the most beautiful Pathways
Parkway, an avenue 400 feet wide
which connects the Bronx with Pelham
Bay Park. and is the logical eastern
extension of the Grand Boulevard and
Concourse, through Fordham road. A-
This boulevard Is about two miles
and half long and is the main artery
of travel to what Is known as the Shore
Drive through Pelham Bay Park. Pei
ham and New Rochelle. In the north
erly part of New Rochelle 1t connects
with the Boston Post road.
The territory lying between Bronx
Park and Pelham Bay Park has only
recently been opened to the public by
the running of trains on the White
Plains road branch of the subway. Both
east and west side trains transfer at
177th street to the White Plains road
extension. There is a station at Pelham
Parkway.
At 1S0th street station connection
is also made with the New York, West
chester and Boston Railroad. This road
has a station at Pelham Parkway near
Williamsbridge road.
About 1900 feet east of this station
are some twenty-three acres of land
with a frontage of $500 feet on ths
Parkway, which were bought more than
twenty years ago by Benjamin Stern,
for investment purposes. He has held
it all these years. but events have
transpired making 1t no object for him
to keep this property and he has there
fore authorized the sale OF 1t at public
auction. September IS. at the Heal
Estate Exchange on Vesey street.
The sale will be conducted by J. Gar
ence Davies and Henry Brady.
The lots will be sold for whatever they
will bring without reservation or pro
lection of any kind. This is not merely
advertising talk but the unqualified IN
structions of Mr.. Stern. He has carried
the property raany years and does not
want 10 carry 1t any longer. II Is
level tract OF land which runs westerly
along the Parkway from Eastches1er
road, diagonally opposite Pelham heS'h
Inn.
Adjoining the property on the north
is the house where big Tim" sullivan
the picturesque Tammany leader, lived,
and from which house he wandereu
away In the dark to meet his death on
the tracks of the New York, New Haven
& Hartford Railroad about mile away
to the east.
The surrounding property on the
west and north is owned by the Astor
estate and what is known as the van
derbilt syndicate and on the east by the
| Gould syndicate. At present trunk
sewer is being built through this prop
erty, which Is Just what this section mas
been waiting for in order TO develop
properly.
In view Of the high cost OF living and
the large increase In rentals the sellers
believe this property should be OF par
tIcular interest to the public, as the lois
are to be sold on easy terms and SlSO
to $500 cash will probably buy lot
a buyer Of lot FOR $500 will be ana
| TO buy a nice bungalow or model cottage
for anywhere from $1,000 to $500
making the total cost from $4,000 20
$4,000 and the financing of this can be
arranged for. as Mr. Stern will make
very easy terms to any one building on
the property.
II a house and lot cost $4,000 ner
cent. interest on this amount together
with the taxes and assessments which
might come during the year should not
amount to more than $225 TO $3.50 a
year or for an average rental OF S2V
to s25 month. For people who are
paying from S25 to SIS a month
rental in little rooms in a cramped
apartment house, with the rents being
raised, these lots should OFFER a splendid
opportunity TO obtain their own home
be their own landlords and reduce tho'7
rents rs to 80 per cent. besides being
in their own house and getting the oene-
| At OF the increase in the value Of the
| land as the section is built up.
This is Just what the early settlers N
| The Bronx did. They came TO The Bronx
in the sos and eos, and later. bought
lots for $500 TO $1,000. each put M
their little frame houses, lived in them
and brought up their families. then
when the value OF the lots amounted 70
$4,000 to $4,000 each for apArtmen :
house and business purposes they sold
out and had nice snug little sum for
their old aga