New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-06-01


TIE BROADWAY PROPERTY BOUGHT BY TIE WIZ,
MMsBURG CITY FIRE INSURANCE COMPANY
FOR $3560O0
| The partition SALE under decree of The eur,ou,.
Court, of the Jume estate was begun AZ noon ve.
terday IN the Exchange SalesrOom, Trinity Bniid-
ing. Inc real estate consists Of the lannon's oId
mansion around which cluster romantic al
historic memories, the business propertv ~
Nos. 100 Broadway and II and 70 Liberty-st and
100 city lots between e-hundred- and fffv.ninb
st., 81 Nlchoas-ave. and the KngsbrIdge road the
| Croion Aqueduct and II ghbrdge Park and Opso0
hundredand-se venty- fifth-st also the upland ea,
OF the Aqueduct, and water front on the Harlan
River of about 1000 feet. The terms Of sale arc IN
per cent cash, 80 per cent on delivery of the deed
to be ready on June 80. with the privilege
OF retaining the remaining 90 per cent lor
three years on bond and mortgage, with
interest at per cent. The saIs
attracted large number Of persons, among them
business men; and also not a few who looked az n
then purpose was to secure places for modest homes
weltIh Ward were 81. A. j. Lynch John CalIah s'
b. 7. talrchild, l.. j. Phillips. John ID. Crimmins
and j. ii. Sutphen.
The Broadway property was first offered and was
started by Edmund briggs president of the WILL
lamsburg Fire Insurance Company at SlOO.O OO
mere were Tour or five bidders IN the crowd, and
.he was very sharp; so much So indeed
that the price was run up to figure Which caused
some CONSERVATION, When 1T reached
100000 Mr. briggs lett tho. room,
but his interests were looked after by
representative, and few minutes later the prop
erty was knocked down 10 the insurance company
t0r o3ooOOO. The price realized caused consider
able comment among Teal-estate owners and
brokers. he lot has froD,a age OF 20 feet inches
III Broadway aud ITO feet inches IN Liberty-st
and Is covered with three four-stOry brick build
ings. The lot contains 3,lO7 square fee, and the
price averages @ll5 pei, foot, when is the
largest sum ever realized in this city
at sale by public auction. The Con.
tinental Life Insurance Building in Nassau-st
which was sold last week, brought Si62, JO0-SS2
per ioot-and the Astor family gave 500 per square
foot Tor Nos. ) and 10 Naii-sl. Cyrus ". tleld
paid only S3l per foot for the property which he
bought last year fronting the Battery and Broad
way. Notwithstanding these differences Mr. Dnggs
expressed hlnseH az well contened with his bar
gam, ana said within few hours alter the sale that
ne had received an offer which would have enabled
hm to clear ~ 900 for his days work had he been
willing TO relnquish the property. lie added
that II the purpose of tine Williamsburg City
Company 10 replace the old structure With "A INST
class Office building seven eight stories IN height,
and IN the modern style This VIII not be done at
once, however, Tor the company has lease for
three years longer OF It's present offices III The LUeh-
ing I0st Building. An effort Will De made To lhuuce
the owner of the adjoining building to build with
the owners OF the corner property, so that q
line large building with a frontage 81 nifty ieet IN
Broadway may take the place OF the present small
buildings, and provide fitting quarters for the
W ILL MIsbuTg City and LoTlll3rd Insurance COM
panes.
he sale was continued, and los lots. comprising
three blocks between One-hundred-and-hity-n ntn
and One-hundred-and sixty lhIrd-ss. ana ST. Mich
Olas-ave. and the Public Drive, were sold WITHIN
two hours. The prices ranged from II 50 10 -, 0OO
lie last price was pald by John Callahan for cor
neT lot of extra length aud width at St. Nicholas
ave- and One-hunured- AN l-slXt y-secOnd-st. Other
corner lots brought S3 $50, $4,000, 81, 800 1000
81 ZOO. -, 100, 5000, $3.50 and 81 800. he
total sun realized Om the sale OF the los lots WAS
Sl32 80. The sale was then adjourned until noon
to-day, when the mansion Will DO soid ana aiterJ
the water-ir ont.