New-York tribune., 1922-07-23

..-;ms times. for municipal projects
,,.ssrd in the Ave boronghs will be
sg.s.d az, the auction block next month
4 E~yp are f02 separate parcels in the
4 q ~hi-s the Sinking Fund Commits
=, =. sss prepared for disposal. The total
ss,rs Of the properties, as figured by
* Tax peoarsne ent. is S2,0S5 ,569. Au-
.,r.as J. Rim, real estate appraiser in
A y. asfce OF Comptroller Charles l..
A ss.;r has estimated the minimum
ssise st s2,5Ts, $50. This is the total of
!. unset prices which Mr. Rim has
,seed on the properties
Ths sale will be the largest ever held
l. tha City of New York. 1t has been
4. practice for years to dispose of
s-s,erty at private sale and only when
ssas one made proposal for parcel.
T. consequence the reproductive
s,aiues Of the city have been carried
ar wears az loss to the city in taxes
"a interest. Comptroller Craig has
sssn urging on other members of the
SINKING Fund Commission the liquida-
ion OF these parcels in a way that
xould relieve the city of this burden
Immediately. He suggested that the
divers, lots and plots of land which
m,de or which we-e purchased for uses
ionc since bandoned be disposed of by
,nssion. The commission at its meet
ing last Tuesday accepted this sugges-
dor and on August 10, IL and 2S Man
haitian, Bronx and Queens parcels will
be offered for sale in the seth Regi-
nent Armory, Lexington Avenue and
Tventy-sixth Street. An upset price
has been placed on every parcel to be
cEered and less than this figure will
not be accepted by the auctioneer.
Sales to be Held in Armories
The Brooklyn parcels will be offered
h the Esd Regiment Armory, Bedford
ard Atlantic avenues, on August IA, Is,
is and 90. There are ninety parcels in
Brooklyn listed for sale. The. upset
prices range from $500 up to $55 900.
The Richmond Borough parcels will
be offered for sale in the Court House
8: ST. George on August II.
According to the terms prepared by
the Sinking Fund Commission for the
conduct Of the auction purchaser will
be required at the time of sale to sign
memorandum of his purchase and to
deposit with the Comptroller a sum
equal to 10 per cent of the amount of
LIS Dlu Glld pay W GilS dQCL1OU6cT HIS
fee Of oue-half of per cent of the bid
price The sum so deposited will be ap-
Piled by the Comptroller upon the pur-
chase price unless forfeited by the
default of tde purchaser as hereinafter
provided.
Seventy-fve per cent of the purchase
price, or such portion thereof as the
purchaser may desire, may be paid by
the giving of a purchase money mort
gage and the bond Of the purchaser
running fer five years, with interest at
=. 3 per cent, the purchaser to pay the
recording tax, the recording fee, and
81! federai or state taxes or fees in
Telation thereto, except the mortgage
ts1; the interest on such bond and
mortgage to be paid semi-anually, and
the purchaser skall have the privilege
ofpaying off said bond and mortgage,
O.. any part thereof, at any time.
The balance OF the purchase money
viii be required to be paid in cash
q certified check at the Real Estate
Biyisien, in the Office of the Comp
ttroller, Room 733, Municipal Building,
Manhattan, at IL o'clock noon, twenty
days from the date of sale.
Will be Sold Free and Clear
The property will be conveyed by
the City CT New York free and clear
Of all taxes and assessments which
have become a lien thereon on or prior
to the date of sale.
Each parcel Of property shall be sold
subject to any leases, easements, en-
eumhrances or restrictions specified
IN the description thereof, as we'll as
subject to existing tenancies and any
state Of facts that an accurate survey
would show.
Following is list of the properties
l" DC sold and the upset prices Of each:
Manhattan
20 Bridge Street; improved. $e5,ooo.
sa'so Peck Slip; improved, SIS, 900.
ooS Se-S2 Vandewater Street; improved, $7o,-
Premises al Clinton and South trests:
unlmproved, SI7,5OO
ddsS,i55 Monroe Street; improved, $45. 900.
7s 80 - Allen Allen Street. improved. sl5o.ooo.
,e.to Hester Street; improved, $4,000.
NJ Ihnton Street; improved. s37.500
.NotItneast corner Delaney and Eldridge
sueetsi unimproved, s85, 900.
e frefniSes at Second Avenue and Second
oIeet uninproved 100000
oo@hing Street; unimproved, $4,000
~ 1v~iSz ~ West Third Street. improved,
.s.Si Horatio Street; unimproved s45, 900.
sl0,500 e'
s,ra.t IN rear or III East l29tn
greet greet (hridge approach); un.mproved,
southwest corner of Macombs Place and
AZ Isotn Street: unimproved. $4,000.
S9 1S9 vest l5lst Street improved. $500.
$500 A'is' street. ihipioFeu'
a., Premises on West 151st Street zoo feet
$4,000 "AA avenue
wf fIemises on Amsterdam Avenue opposite
"ss. . l!6th Street; unimproved, 100000
20 Grand Street; improved, s17.So0.
,.,S ~ ov' BLOCK AL; interior plot on East
$500 - Ue "a
q Ssi saa East Fortieth Street; improved.
s. Lot "a. Block 1867. on west side of
innrna ir,"na avenue, above East 117th Street a
.,fs fot szta. Block 173r. In rear Of 21e2-
-isS Fifth Avenue: uninproved. $3.50.
r.Ia, 10. o2o, Block 2170, on north side of
as7 7'ew wv. Ayen1e ,eai unimproved. $4,000
rrai4l aso.i4l West Thirtieth Street; unin-
proved. s220 900.
SIRE tremises on East End Avenue. Exterior
ssssn;;v rom rom, East sesen.y-third to East
Avenue "s, A; un.mproved. ssa.5oo
nroYs, East Eighty eighth Street; I'M
proved, S6eoo
Borough of Brooklyn
S Sss East 1o9th Street; improved. $4,000
s7s semises sises on Sixteenth Street north side.
proved Sl.950.
,.5a IemIses on Prospect Avenue. north
Ags,,,stS 20 Feet inches east of Eighth
s5a & unirnproved. $4,000.
fark Place: improved. $45, 900.
s,s 'enises on Atlantic Avenue, south SIDE
.set l0h inches east of Crescent
pss, improved. $3.50.
feet tsmsses eass on Glen Street. south side. $50