The Bridgeport times and evening farmer., 1920-11-27
Homes are the keystone of the city's happiness. T he 4Ol which citizens of Bridgeport bid last night.
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 Joseph P. Day. who conducted the States as the foremost manager of auction sales of large blocks of real ty. Million dollar transactions are routine to him One of his greatest featS was the disposal at auction of $5.4O0.0OO Astor properties centering around Broadway and 45th street in New York, and he also disposed at auction of the enormous real estate holdings of the James Gordon Ben nett, Van Cortlandt, Russell Sage and r. W. Woolworth estates. as well as the Interborough Corporation realty. > His activities extend through all parts of Canada and the United States, one of his sales last spring being at Berkeley, Cal
 The maximum of efficiency was reached in rapid disposal of hundreds of parcels of real estate last night in the sale at the High school before t.n audience of home-seekers, invest OTIS and speculators-
 Reading of terms of sale and other preliminaries took up much time and the first house was not put on the block until S:45- Promptly at o'clock this morning MT. Day declar- cd the sale adjourned to l o'clock this afternoon
 Values ranged far below present cost of production and averaged about two-thirds of the cost at tha time of erection Experts estimate that it would cost twice as much to reproduce the houses today, so that most of the buyers secured dwellings at about one-third of present values
 The purchasers were made up ot four classes, by far the most numer' ous being the present tenants of the properties who were given the ut most consideration by the auctioneer In the only instance where dupli- cate sale was discovered in checking up. the property went to the tenant t,. eth I,a h,1 fn hn content with another house in the same block
 Home~eeekers were also present in abundance and there were many spirited contests in bidding between terants and members of this class as well as instances of one tenant bid ding against another on multi-fam- Sly dwellings,
 The third class was composed of real estate traders and builders, prac- tcally every real estate firm in Bridgeport and many from out of town being represented the floor Prominent in this class were William Chatlos the welt-known local builder, and Abraham PodolOG of A. Podoloff SG Sons, New Haven. real estate oper- ators- These two bider5 arer e. puted to have headed a syndicate which made an offer to the Reming- ton interests Of $1 900 for the en- tire property before the sale was turned over to MT. Day. Last nights prices alone, low as they were, came within a few thousands of that figure. MT. ChatloS stated to Times repre- sentative that he had invested in nearly TO houses. Thirty-seven four family brick and quite a few frame houses, mostly on Wheeler and East avenues, two choice streets of the property. were bought in by MT. Chat los in a block at 12:2o a. n., wher the crowd had th.nned out and bSd dirg had begun to slacken. MT. Poo- oloR stated to a Times reprss 2ntative that A. Podoloff & Sons as T<~Hts for interests which they repres pted and for themselves had bought in 32 eight room houses on Willow avenue and two houses on Boston avenue
 The most interesting sales were those of the apartment properties in the Boston avenue section, which at tracted many bids from investors. family brick apartments, erected at $17,000 each, went to Eli Lifshitz at S117O0. 539 and 553 Helen street six family brick apartment, went to Mike PuIsesac and Herbert II. Cutler respectively at $10.100. The original cost of these was $17,0O0 each The corner apartment at Boston avenue and Helen street, three in number, went to J. Ashba bian. at S16.00O This property includes stores and apartments. Henry Borkowdv got 906 Hallett street for s10,100, and Jseac Schine 9I4 Hall"tt strent for the same price. both six family apart ments Charles A. Riccio bought the property at the corner of Putnam and HnIlett streets for s20,3e0. the or. ei- nal cost being s32.O0O. The corner property at 946 and 952 Hallett street went to John Pistey at s12,S00. the original cost being $1S,GO0.
 The fourth class of bidders, rela. lively small but displaying excel'en' judgment in its bids. was made up oi Representa- tives of industrial con cerns here who bought in choice properties at bargain figures :n ordel to provide housing for their em
 pIoyes. One of those whose shrew6 buying procured some especially de sirable properties for his company was Fire Commissioner Francis J
 Brennan. representing the Jackson