The New York herald., 1921-04-07
HIGHER PRICES PAID
FOR VACANT LAND
Bronx Auction Taken as Sign,
of Boom i'm Lot Market
Other Realty Deals.

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Surprisingly high prices werefobtained
yesterday for sixty building lots in the
Mosholu Parkway section of The
Bronx. which were sold at auction by
Bryan L. Kennedy in the Vesey Street
Exchange. The fact that 1t was the
first real big lot sale OF the year.
which coupled with the unexpected
prices. led seasoned authorities In the
big crowd of bidders to look upon the
sale as a fairly good indication OF a
successful year in the sale or vacant
land. The sixty Lots and three dwell
ings were offered for the Niles estate
and were sold for a total of Sld,575.
which was $4,000 more than the prop
erty was appraised at before the sale.
The highest price was paid for the
lot. 5xl06 at the northeast corner OF
Mosholu Parkway and 206th street,
which went to W. j. Mclaughlin for
5,SC0. Charles Levine gave $500 each
for five lots on the parkway 100 feet
above 206th street. Stephen Madigan
i bought the northeast corner OF Balm
bridge avenue and 206th street. 25xl00,
for $3.50, also the adjoining lot on
Bainbridge avenue. Patrick Curry
bought the los 25x1o0 at the northwest
corner of Bainbridge avenue and 206th
street for s2.75o. and paid s2.10O for the
adjoining lots on Bainbridge avenue.
Saverio Aiosa bought the southwest
corner OF Van Cortlsndt and Rocham-
beau avenues 27x124. for s4,0oo. Peter
S. O'Hara paid $1,000 for plot. 50x10o,
on the west side of 204th street. 70 feet
south of Bainbridge avenue Lots on
Rochambeau avenue. where no improve
nents existN brought about 5000 each.
The one story bungalow on Moshou
Parkway, on plot 5oxl0o. was sold for
IT.50 to Katherine NJ. Ryan, who also
bought the dwelling on Bainbridge ave-
nue., 200 feet north OF 20Gth street. Au-
gust Zebull bought the dwelling on the
Reservoir Oval for $500.
Sheriff Knott In eth Ave. Lease.
Sheriff David IL. Knott and his as
sociates who conduct the Knott chain
of hotels are leasing the group of old
three and four story buildings at the
southeast corner OF Seventh avenue
and Fifty-sixth street, owned by Joseph
May and others. with view TO rcim-
proving the site with a modern hotel
building; The property fronts 70 feet
on the Avenue and 100 feet on the street
and adjoins the thirteen story Welling-
ton Hotel, under the Knott manage
meqr. To carry out the undertak king
there has been formed at Albany the
$40 Seventh Avenue Realty Corporation,
with w. j. and ]. E. Knott and s.
Naylor rs directors
Estate Sells Chinatown Parcel.
The six story building at and 9
Mott kreet extending through to 1877
Worth street. the upper portion of which
on the Mott street end is occupied bv
the Port Arthur restaurant, has been
sold for the estate of j. Boyce Smith
by Brown. Wheelock Company. The
lower portion is occupied by the Chi
nese importing firm OF Soy. Kee & Co.
The structure fronts AIS feet on Mott
and Worth streets and was held ct
s125. 600
other Deals I'm Manhattan.
Abraham Ruth sold the six story stor-
age warehouse at 516 to $50 West 1SJst
street 75x100x irregular, - feet east of
the southeast corner OF Audubon ave-
nue.. The new owner is the X. H.
Warehouse Holding Company. Benjamin
and August Kalnus and Silas Heine-
man directors. The property carries n
first mortgage OF $4,000 and the seller
allowed $4,000 second mortgage to
remain for seven years at per cent
Porter & Co. and Richard H. Jack
man sold TO Peter Menedis the four
story business building with store at
307 West 1a5th street
William i. Roome & Co. Inc. sold for
Morris Mgran and Emanuel c. Bach the
four story store tenement at ICE East
Twenty-eignth street. adjoining the cor
ner OF Third avenue. The property was
recently sold at auction by the Empire
Trust Company for tho estate OF Julius
Bergeman, and was bought by the oper-
ators The purchaser Is Jacob Klein,
painter. OF ass Third avenue. which
property abuts his present holding and
gives him an Il" around the corner
George w. Sasse resold for the Wa
ralph Holding Company. Inc, 207S
Eighth avenue. five story triple flat
with stores, 25.6x100. to a client for in
vestment.
Industry Claims West side Flat.
Jamo Realty Company sold to I.iber-
man & Shapiro 252 West Thirty-sixth
street five story flat. 25Sxss.s. The
purchasers own adjoining property 90
the east and now control So feet, upon
which they win erect twelve story loft
for the garment industry. Benjamin
Bernstein was the broker
New Harlem Theatre Quickly sold.
The Roosevelt Theatre. at 145th street
and Seventh avenue. has been sold by
the builders and operators to syndi-
cate, In which Leo Brecher, connected
with the management OF the Plaza
Theatre, Is prominently identified. The
theatre was Just recently completed by
the sellers and accommodates about
1.600 persons on one floor level The
gale also includes the adjacent prop
erty. comprising q total of ten lots, at
the southeast corner OF 1s5th street and
Seventh avenue. Goetz & Jacoby and
>. A. SingelTnan represented the sellers
and Kendall & Herzog the purchasing
syndicate, and Aaron A. Corn was the
broker.
Zion Church Eninrges Holdings.
Fltz Howell resold for Sarah e. Gra-
ham the three story dwelling at 142
West 18th street. 22Ix991i. 20 the Zion
African Methodist Episcopal Church,
which owns the adjoining vacant prop
erty. with this purchase the church
controls a frontage Of s2.6 feet ON 18Th
and IS feet on 1S7th street The church
VIII erect a new place OF worship on
The 18TH street end and viii convert
the present building on igs;h street into
a parfan house