The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-02-05
REAL ESTATE MATTERS.

Important Sale of Property ut the Corner Of
Broadway and Canal Strect-A Mass Meet
inx in the Exchange Saicsro0m-Sate Of
Brooklyn Lots.
Yesterday was a marked one, this season. in real
estate operations alike in this city and Brooklyn, both
as 10 the number and character OF Sales The cir
cunstancc Of prominent location on Broadway being
announced for public vendue had attracted the attention
excited the notice Of all interested either princi
pals agents. city real estate. The promises sold
ON the corner Of Canal street. and known
Nos 400, 422 and 424 Broadway, and 2s3, PSI
and 279 Canal street, with full frontage
Broadway Of SO feet IL inches and 127 feet
Canal street This property part OF tho Jay
Banyer estates aud was advertised TO be sold in two
portions one being the corner, comprising about four
city lots no. ITO square fee with front on Broadway
OF 65 feet inch, the other TO the north, adjoining,
with front on Broadway OF "a feet 10 inches and a
depth OF 0S feet 214 inches For some time be-
twelve o'clock Yesterday might DO observed by
any accustomed TO visit tho Exchange saesroom
that sale OF more than ordinary Importance
the tIprf, a than usual congregation In
bers aud rapdty Of arrivals speedily filling up the
apartment la twos, thrces and fours so closely sue
ceedug as to be almost constant stream OF men, came
in who, distributing sporadicay about the room con-
vcrsed earnestly, groups and coteries, concerning
THAT Broadway property betted with each other as
10 how much II would bring, discussed the terms OF
sale, quo.ed tho HERALD, and, while wait
ing for Trinity chimes 10 proclaim tho meridian
hour referred frequently TO their Watches az though
to chdc their diatornoss all thc while talking rapidly
understandingy and practically. Gradually tho groups
grew less distinct the spaces between occupied
by new arrivals, who In an increasing current added
Their numbers 10 those who had preceded them Az
tho minutes declined, points favorable for hearing and
observation were seized upon the desks which
trbuled each side OF tho being taken posses.
sion of by eager parties who could scarcely have exhb
tied more excitement " attending ratification meeting,
when at noon the auCtonoor, Il. III. Ludlow, took his
position at tho further end OF the ROOM attended by the
Of tho several estates and roeroe under
whose authority the sae was made. The reading Of
certain legal documents explanatory and necessary 10
the validity OF the transaction occupied nfteen
minutes, Mt the end OF which tirne printed maps
OF tho sale thrown among tho crowd,
falling in showers about their heads. Tho
now very nearly fun, aud many had mounted upon
chairs at various points, and others still poured IN tho
scene presented was one conveying effective idea
soppong all to BIO interested specIatorsof the wealth
and speculative energy and enterprise OF citizens
Quiet pervadcd tho great congregation auctonecr
mounted the stand and with brief prelude called aloud,
seen temon what will you give FOR the corner lotSn
slight pause ensued cacn evidently waiting for his
neRnbor TO lead on. Come, gentlemen, what will you
give me Y was repeated when one holder than the
others cried out fhree." Three hundred thousand
dollars said tho auctonccr, repeated IT. Twenty
Ave." said another; 'thirty,n "Forty" and they
went, rapidly adding tens aud nves Tin thousands until
three hundred and eighty thousand reached Three
hundred and eighty thousand, - called tho auctoneer
Another pause Men gathered together In consultation;
some special attraction was stated from the desk
"fvon Ninety" Silence again 1.-TWO and half"
Five ''seven and haltn -Four hundred thousand
dollars called the auctoneer; at which something
almost like an inclination was exhibited oy the
crowd who were Goltns excited. BY the way, It may
be remarked pdsstnf that among crowd Of Amer.
spirited contest between two bidders s always
provocative Of that feeling the to whom the pro.
perty knocked down being looked upon 'the win.
ner.n But this Ia a DEPRESSION -Four hundred thou
sand dollars' was again called. "One,' slowly
from the right OF the chair; 'rwo' from tho left II
was apparent that the bidders had been reduced two,
the others having drawn out 'Just LOOK and what
front u has, called out the auctoneer, at which the
crowd who were eagerly waiting, laughed while, as
. doubt had bsen thue resolved, "Fivo hundred"
was called, "Three," "Fjvs hundred" again after
an interval OF doubt Four succeeding much deliber
alton. "Gentemen. when the Pacific Railroad 10 COM
plecd New York will DO the head centre Of tho world"
from tho desk ian idea expressed tho HERALD
days sincel "Fiyo hundred closing at i've hupdred
once, twioo third and last uplcn "Let II co." said
some one In she rear who gcoine tired "fve," At
which the bidding stopped, the customary "postvey
going" failing 10 elicit any responsc, and Mr. Thomas
smith was declared tho purchaser in tho midst OF
hum OF voices that succeeded the word gone" for
S405 900. The lot adjoining was merit put up $50 900
being hrss offered, which up rapidly to $50 900,
then moved slowly 70 500 0oo and lnaih was knocked
down 70 8 Hggns for sol, 900 The terms OF sale
Tor both loh are the same vz--Fve per cent OF the
purchase money 70 be paid on tbs day az SALE the
balance on the 18th or Nay, on which dsy the deeds
will be delivered, all the upon said pre-
pring previous TO that date. Seventy per CO ut may
remain on BOND and mortgage. All bids 10 rsmah, open
until the deposit actually paid but ~ this was done
Immediately the sale is finally closed
r. n Ludlow a Go. also sold yesterdav the follow.
ing, being pars OF the hartin, zbrewski and Jay es.
tales
lot corner Of 9Th Az and s7th a. n Aim an 100
! lot adjoining n 10 2xl0U. x
lot adjoining av B.2sl0O Il 100
on sdlolnlng' N nNiW ............... each $500