The New York herald., 1921-07-06
PUBLIC INVESTS In
LONG BEACH LAND
Buys Nearly $4,000, 900 Worth
Of Unrestricted Lots at Re-
cent Auction Sales.

About s3.oO0.0 900 worth of vacant
lots at Long Beach. L. J., have been sold
at auction since May 2S by Joseph +.
Day for ex-senator William II. Rey-
nolds and others associated with him in
developing that lusty rival OF Atlantic
City. The second sale. or rather the
fourth offering, was held on Monday
under a large tent on the premises ana
in spite of the fact that It was holiday
and that IL was one of the hottest days
of the year there was an attendance
that overflowed the tent.
Because of the fact that restrictions
are now off a large 5ection or the Long
Beach resort. coupled with the TACT
that several thousand lots are now In
the hands Of individuals anxious TO inn
prove them with moderate priced build
ings both Mr. Reynolds and Mr.. Day
are confident that the hour OF prosperity
for Long Beach has struck and that In
a few years II VIII rank alongside or
Atlantic City in population as well as
in the number and value of its big
hotels and rest resorts.
P. J. Hangley, the New York operator.
bought four block fronts on the east
side of Monroe Boulevard. between Hud-
son and State streets. paying $3.50 per
lot These lots are located one block
east of Long Beach Boulevard, which
IS the one hundred feet wide approach
TO the new million dollar automobile
bridge now In course of construction.
Single lots on Park street. between
Jackson and Riverside boulevards. one
block east Of the railroad station brought
from 81 800 TO $4,000. Park street lots
one block to the west. averaged s4.5O0
each. On Park street, between Mag
nolia and National Boulevard. a plot OF
three lots brought s12. 900, and similar
plot on the north side was sold for
$1,000.
A feature OF the sale was the purchase
of the plot at the corner OF tho Board
walk and National Boulevard. opposite
the Nassau Hotel This corner, which
measures A feet on the Boardwalk and
extends through to Broadway, was sold
for SCI, 900 to Felix Isman. representing
a syndicate. Other inside twenty foot
lots. In this block sold for $4,000 each
Boardwalk lots on the far east side,
between New York avenue and Grand
Boulevard brought S3.700. each, and
Boardwalk lots east of Lincoln avenue
were disposed of for $3.50, each. Lin
coin Boulevard lots between Hudson and
Market streets went for s625. each, and
a plot OF nineteen lots on the south slGe
OF Park street, between Monroe and LIN
coin boulevards. was sold for $1S.525.
The southwest corner of Lincoln Boule-
ward and Chester street, 60xS5. was
purchased for $3.50, and fifteen lots
on Penn street. through to Broadway.
between National and Jackson boule-
wards were purchased for $4,000, or
81. 900 per lot. On Fulton street. be-
tween Monroe and Lincoln boulevards.
$500 was the ruling price. and on Olive
street, between Lincoln and Franklin
boulevards. the average price was s625.
The following is partial list of buyers:
p ]. Hangley. Louis Gold. L. Wolff.
Kingsboro Development Company. Ike
Parshelsky, president; J. L. Marx, Sam
uel Bressler Mary 3. Ryan, John P.
Donovan, John s. Dolan, Mrs. II. NJ.
Day, Joseph Bauman. Optimus Realty
| Company. Justlna Short. Annie Davis.
Virginia Duff, Frank L. Davis, J. Shap-
fro. Paul Rechter. T. J. Adamstack,
David Hines and Warren c. Metz.