New-York tribune., 1922-08-10
Woman High
Bidder at City's
i Realty Sale
Gives Top Price at Opening
Auction of Unused Prop
critics; Pastor Buys Site
i'm Bronx for Church

Relics of New York's development,
19s parcels OF real estate-abandoned
police stations, schools and remnants
Of land taken for civic Improvement
were placed on sale yesterday in the
seth Regiment Armory by order Of
Comptroller Craig. 1t was the first
time in the history Of the local gov
ernment that public holdings have been
offered in large numbers and at auc~
tion. Heretofore city land was dis
posed of privately or a few parcels at
a time. Comptroller Craig expects TO
secure more than $2,574 ,450, which is
the total of the upset prices placed on
the holdings by Augustus j, Rim, real
estate expert in the Finance Depart
ment If the prices that prevailed yes
terday continue during the entire sale
MFR. Craig will receive a good deal more
than the value placed on the property
by Mr. Rim or the Tax Department.
{, Twenty eight parcels were sold dur
ing the day for a total of S444,325,
which is s44,425 more than the value
placed on these parcels by the city.
More than 1000 men and women
we're on hand for the start OF the sale.
Comptroller Craig told the crowd that
the sale was departure in the manner
OF handling city property, but ne
thought it was good business for the
city to sell properties that were no
longer vital to the carrying out OF
civic expansion plans.
Sale Establishes Precedent
JosephaP. Day then undertook what.
will be regarded as a historic incident
because the sale establishes a prece-
dent that will enable future city Off
cials to do things which had been re-
garded heretofore as legally impossible
The crowd was eager for the sale to
GOT under wav. because there was a
feeling about that bargains we're to be
had. Through the crowd were opera
tors, keen judges of property values
They made bids, but not personally,
because they did not wish to display
an interest because of the effect 1T
might have on prices.
There were many in the crowd seat
ed before the auctioneer who mad not
dabbled much in real estate, but had
come to the sale because the Comp,
troller had made terms that would
make it possible for the man with linn.
tied capital to buy some Of this prop
erty.
The. corner of Second Street and
Second Avenue was the FIRST parcel 10
be offered "What am | offered for
upset price of 100000 was placed on
the property and no bid less than that
figure could be accepted by the auc-
tioneer He waited few minutes
when out in the crowd was heard the
first bid. Albert Hartman, who acted
for the Knickerbocker Storage Ware
house Company, owner of the adJoln-
ing property, was the successful bid
der. The property was knocked down
to him for $4,000.
Mrs. Lena Katz, who lives In Crook
lyn, bought the northeast corner OF
Delaney and Eldridge streets for $685.
$50, which was the highest price paid
during the day. An upset price of $780,
by the Comptroller and his experts,
who regard the parcel. as one with a
great future. After Mrs, Katz Mad OBJ
, tained the parcel she went over to
Comptroller Craig, who was talking to
Charles Kerrigan, his secretary, and
asked him to autograph the page IN
the catalogue showing the corner she
had just purchased.
f Minister Buys Site for Church
One of the most interesting incidents
Of the sale was the lively bidding be-
tween the Rev. John Johnson, of the
Swedish-Lutheran Church, at Brook
Avenue, and 144th Street, and several
operators for a 200foot parcel on Fair
mount Avenue, between Boulevard and
Marmion Avenue. The upset price was
$4,000, but it sold for $12,850, the cler-
gymn getting the property as site for a
church. The crowd gave the sturdy
minister of the gospe a hearty cheer
when Mr.. Day anrounced that he had
the property.
The sale of the Bronx, Manhattan
and Queens property will be continued
to-day at IL o'clock in the 69th Regi-
1nent Armory, with Auctioneer Henry
Brady selling.
The numbers of the parcels disposed
of yesterday, the locations, buyers,
prices paid and upset price follow:
10, "a Ave. and I'd st@. Albert Hart
man $1,000. $50, 200; IA. l6o e, 33d St,
Arthur Brisbane, $1,000. 10000; 8. North
east corner Delaney and Eldridge SITS,
Mrs Lera Katz. s92 900. $4,000; IL, 13O-
l32 West Sd ct. Minute Realty Co. $4,000,
$4,000; IS. 2l7 129th St. Louis Ander-
son. Sc. goo $4,000, It. Cor 155th St, ePter
Theophine, $4,000, $4,000; q. 5S7 Grand
St, Herman Blossom, $Ia700, sl7.500; 22,
East 18th st. and Ave. A, Samuel Krotz-
steiniA. ii3.5oO $4,000: 27. 2S7 East 1oad
st. Realty Corporation. s26 200, $25, 900;
!. 1e6, Northeast corner Bryant Ave. and
East 17Sth ~, Harry Bryan: $4,000,
Ave. Morris Robinson, 50 100, $3.50; 124,
Northeast corner sherman and East 16eth
sts., Nathan Marx, $l3,26O, $500; 129,
East 14sth st. and Caudwell Ave, Louis
Kalen. $500, $500: 1874 Southwest cor
ner Brook Ave and East 142d. st, Charles
: Winlermitz. $4,000, S19,50O; 143. Fairmont
johnson. s12. $50. $4,000. 100. So Wall st.
Guttug Bros, Sl2,5oo, 800: "a, II Oak
st.. Jersey City. r. G. AltshuI, $4,000.
J. T. Duryea. $500. $500; 163 s. E.
Bronx Blvd. 22sth St, Mrs. c. M thinner,
$3.50. $4,000; lao, Carter av.. Daniel
Sci Mason. s4.25o, s4.250; IFS. East 2o6th
st, Catherine Tacente. $1,000, $1,000; 127.
Southeast corner Nelson av. and West
170th st, Jacob Weitman. S1.425, $1,000;
165, East 1s9th st. Mark Seymour $25. 900,
$4,000; l5l. Crotona av.. Mark Seymour.
Frawiey IS, 600, $1,000: 81. 22a East lostSi
st, Mayer Drinmer. $500. $500 and
1923, Walton av., ~ w. Anton $276O,
& s2.75o
III IN