The New York herald., 1921-05-17
SELLS AT RATE OF.
1OOLOTS AN HOUR
B. L. Kennedy Sets Rapid Pace
at Pelham Bay Sale; Lots
Average 81 900 Each.

ThA sale Of 600 lots In the Pelham
Bay Park sactiop Of Ths Broux by
]. Bryan 1. Kannaily. auctioneer. last Sat
urday aftArnoon vas a whirlwind suo-
cass. according to vAtaran auction habi-,
tuss ~ho ware present Mr.. KsnnAny.
without rest or intsru1isGon. knon,ksd
down the properties 10 the hiEhsst biddcr
at thS rate OF 100 lots an hour. Ths
big taut which vas sat up on the prop
.rty near ths subway tarmsnai At Pal
ham Bay Park could not hold the 1000
or moro men. womsn and children Who
almost fought to get inside IL. The
sale. which began shortly aftor O'Clock.
closed at 7,46 with every lot disposed Of
The excellence Of tho property. fts
location within sight Of the city's largest
and newest playground and tho recent
opening up Of the section by tho ex-
way. toxsthar with the return OF more
favorable building conditions and the
city's building subsidy in tho form Of
tax exemption Tor ton years on GnAll
dwellings, and p1adium priced apartment
houses, combined TO make The sale one
oc the most extraordinary events OF
it's kind in the history Of Tho Bronx
The total prioe obtained for tho 500
iota vas Sss+7sA, or an average Of
about $1,000 q lot. Both Mr.. Ksnnely
and tho owners we're extrsmely Eratifed
with tho rasuits Of tho sale. For the
most part. homessekors wAre abla to
obtain a lot at their own prioa al
though several lAvgs interests bought
corners and adjoining lots an sTe
streets.
J. Clarence Davies bought q lot, 2Sx
100, at tho northwest corner OF West
chester and Colonial avenues tor $500
he also purchased tho adjoining lot on
Westchester avenue for the Same price.
The two adjoining lots on Westchester
avenue, 25x100 cachi were sold TO A.
Hellwig for 5000 each. The Gold
berger Manufacturing Company bought
the northwest corner Of Burr and West
chester avenues, q plot 7exb6x irreg. for
10000. and the two lots adjoining on
Westchester avenue, 25x100 each, were
sold to Peter J. Smith for 5000 each.
Archbishop Hayes bought plot, 100x
100, at the corner OF Wilkinson and Ho-
bart avenues, midway between the Pei
ham Bay Park terminal and the Buhre
avenue station, to be used in the near
future for Catholic church.
The inside lots on Westchester avenue
sold as high as $4,000 and the corners
$4,000; lots on Burr avenue, facing the
parade grounds. brought on an average
of $4,000 each, and the corners 81, 500.
Lots on Colonial avenue sold from
$1,000 to $1.700 each. Pelham Park
way lots averaged from $1,000 to $4,000
lot.
&1,7bO,OO0 Apartment House Lease
L. J. Phillips 4 Co. have concluded
transaction whereby the entire por-
ton above the ground floor of the seven
story Euclid Hall apartment house, on
Broadway Eighty-fifth and Eighty
sixth streets. passes to new tenant
for twenty and a half years. The trans
action involves about 81. .750, 900. including
taxes and cost Of proposed alterations.
Through the sale of the stock OF the
owning corporation for Kern q Ameri-
can control passes TO Paul A. McGoid-
rick. The structure fronts 20410 feet
or Broadway, 1876 feet on Eighty-sixth
street and 1o5.11 feet on Eighty-fifth
street. A. N. Gitterman represented
Mr. McGoldrick in the transaction. Mr..
McGoldrick - about to file plans for
altering the apartments into smaller
Nsuites.
Two Flats Planned for the Heights
Two six story apartment houses have
Been planned for Washington Heights
by the Mardel Estates, Inc, as follows.
At 655 to e57 West 182d street. 137.6xsG.
Sprngsteen & Goldhamn1er, architects,
estimate the cost at 100000 The other
structure will be at 664 TO 674 West 163d
street. The same architects estimate
the cost at $4,000.