The New York herald., 1920-01-04
To SELL REALTY
Of SAGE ESTATE
IN AUCTION MART
Valuable Holdings To Be Of
fered-Proceeds for Char
table Institutions.

Among the first auction offerings OF
1920 will be the absolute sale OF the many
valuable New York city properties owue6
by the late Mrs. Margaret Olivia Slocusr
sage. widow OF Russell Sage. finaneler.
and ordered sold by the executors OF the
estate for whatever they may bring A.
announced in last October. the late Mrs.
Sage, under the terms OF her will, ief-
the entire residue OF her estate 70 b.
divided among thirty-six institutions, 4n-
Guiding eighteen colleges and, number
OF hospitals, museums. charitable. chit
dreA aid and Bible societies and mis
sions.
The sale will DC held al the Real Estate
Exchange, No II Vesey street, on Tues-
day, January %. at noon and Il will be
absolute, without regard 70 Values ac-
cording 10 Joseph =. Day. the auct;oneer
lhe residuary estate. which is estimated
70 be worth more than 50. 10000 is 70 b.
divided into ffty-two shares and dis
friouted in varying proportions among
the institutions named in the will The
sage Foundation Will receive seven Of the
fifty-two shares
Institutions Benefited.
The executors OF the estate are Stanh~r
u u Hommedieu Slocum. Joseph j. SIocum.
! Herbert t. Slocum. Robeert w De Irores,
ana Henry De Forest; the attorneys are
DE Forest Brothers. The institutions TIM
WIZ peneNt from the important absolute
sale are the Russell Sage Founda ton
Woman's Hospital In the state OF Nep
York Womans Board OF Foreign Missions
or the Presbyterian Church. State Cha RI.
ties Aid Association, Presbyterian Hosp!-
tai IN the City Of New York; New York In
Urinary for Women and Children. New
York Bible Society. New York ZooIoe,cal
society. New York Public Library, New
ORR Botanical Garden. New York Uni.
Nersity, ale University. Princeton INT
Fersity, Williams College. Amherst Col
ieee' dartmouth College, Barnard Col.
iege, vassar College. Wellesley College
smith College Bryn Mawr College, Syrs
cuse University. Hamilton College cir.
ton, N y. Troy Polytechnic Institute
Union College. Schenectady; Troy Female
seminary Hampton Institute, Tuskegee
Normal and Industrial Institute. Board OF
Home Missions Of the Presby terian Church
IN the United States Of America (Women's
Executive Committee). Presbyterian Board
OF Relief for Disabled Ministers and tho
1 widows and Orphans Of Deceased Minis
ters Children's Aid Society. Charity Or
ganization Society. American Bible Society
| Metropolitan Museum Of Art American
| Museum of Natural History and tho
new iofh lily MISSION ana TdcL society.
lhe properties to be sold are Nariously
located in some OF New Yorke princpal
| thoroughrsres. including Fifth PARK
| Madison and Lexington avenues. Rivcrsldo
| Drive, Central Park West and West tc5ih
| street. In addition there are 3 number ~
| parcels located in various side streets on
| the cast and west sides OF the city.
Mnny Glasses Represented.
| The properties 10 be auciioned vary
4 al .,E...
| buildings, elevator apartment houses. onc
| of the most valuable block fronts in River
side Drive now available Tor improve
nent: also flats and tenemcnts. with and
without stores and located in prominent
avenues and side streets: also a garage N
West lifty-fourth street, number OF
dwelling houses, and several avenue COR
ners at present occupied by dwellings and
flats. but suitable for Improvement with
buildings Of more substantial character.
Several valuable corners and residences n
Long Island City and In the Central ave-
nue. section Of Far Rockaway and sixty
seven private dwellings in Cedarhurst, L.
, l., also are included in the sale.
II is interesting TO note that the sale2
list includes three Fifth avenue prop
critics. one OF which Is the eleven story
loft building at No 70 Fifth avenue
northeast corner Of Fifteenth street. No
6O4 Fifth avenue, 4 four story and base
y dence OF Mrs. Sage). and the third lease
hold property. n five story elevator
building at No. 632 Fifth avenue. oppo-
: site the Cathedral. Another valuable
! holding comprises the five dwellings a.
the northeast corner OF Madison avenua
and Sixty-fourth street; another is the
vacant block front IN Riverside Drive
} from i09th 70 10th street. directly op-
! positc the Houdrk Hudson apartment
house and annex, which recently has fig
ured in several sales. The two elevator
, apartment houses az Nos. i23 and ie4
Central Park West. northwest corner 90
l02d street. are included in the sale. az
J also are the five story apartment house
at tho eOutheast corner of Park avenue
( and Niuety-eighth street and the five
Z story apartment houses at the northwes.
corner % Lexington avenue aud 10oth
: street.
some Dwellings Included.
> In view Of the present shortage OF hous-
= ing faciitles an interesting offering is ina,
: II the six five story dwelling houses a.
Nos 1IS. 11J. IL. l29 and 13l West
: ll7th street There is also No. Wes.
|, Ninety third street five story rat: 40
! II West tftty-fourth street. a garage.
: and Nos. SIS and SIT West Seventy-sixtu
street, between avenue A and the Jonn
I, Jas. Park. fifty foot vacant plot; also
Nos 10S 10 l0s East Tooth street. three
five story teneInents. between Park sno
Lexington avenues.
, The Sage estate SALE" said Mr.. Day
yesterday. compares favorsbly with the
sale OF the Washington Heights holding
. " the James Gordon Bennett estate. with
4, which opened tho auction season OF the
year 1919, during which year this office
sold approximately ii.coo lots for D total
of SiO.O00.QO0
The sale OF the Sage properties 70
carry out tho magnificent bequests made
by the late Mrs Russell Sage. win benefii
many of the most prominent educationas Z
and charitable institutions in America anc
reflects the fine character and the kindi-
heart OF Americas most noble and phil
, anthropic woman.
Gave Much TO Charities.
Mrs. Sage's charities during her lifetime
cover a wide field. She preferred. how
ever. TO distribute her charities in her ewr
Z quiet way and attended with but ittio
] publicity. so that the public knew little OF
her many kindly acts. fior will has out
; carried out that which she practlsed dur
fpt. hat