New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-11-23
SELLING THE JONES ESTATE
GOOD PRICES AND A BRISK DEMAND.
GENERAL SATISFACTION OF BRohEhs AMI
OWNERS WITH THE PROSPECTS OF
WEST SIDE PROPERTY.


OWNERS WITH THE PROSPECTS OF
WEST SIDE PROPERTY.
The Real Estate Exchange yesterday afternoon was
scene Of great excitement and there were few OF Its
members who were not present. The sale of seven
acres Of land In one OF the most prominent parts OF the
city the docket, and the result OF the auction
Of Importance an argument against reai es'a'e
spectators who have been trying TO keep down West
Side property by saying that that Kind OF investment
was being greatly overdone. The prices reached by
lively bidding were conclusive evidence that the de-
veopment Of the West Side uptown is not looked upon
as q problem. but as n certainty.
The estate OF Joshua Jones sold at last. For
years II has been considered out Of the market on &C
count of the popularity of its owner. who always
avowed that he would not dispose OF 1t. Joshua
Jones was the son of Isaac Jones, who. at the be-
ginning of this century. bought twelve of land
In the upper part Of Manhattan Island. The land
was In an uncleared condition. and the Of the
purchase simply tha the elder Mr. Jones wanted
cumberland from which he could draw his supply
Of frewoOd, at the same time clearing the ri act for
cultivation. The price he paid for IT, to the cxecu-
tors of r. Somcrndike, 1920. The ground, as
It now lies, extended from sevenths ave- TO half way
between Ninth and Tenth ayes, and from seventy
fourth-st. to half way between Seventy fifth and
seventy-sixth SITS
Isaac Jones had five children, to whom he left his
property. All of them died before Joshua, who was
an eccentric old bachelor and spent the last years Oh
his life at the NewYork Hotel. The best known o.
the brothers was John O., who was president "a .Ao
Chemical Bank, and TO whose business aph'S uio
later financial prominence OF the family was uuo
When Central Park laid out II cut ABOUT nVo acos
of the Jones kindling wood farm and the lana had
increased SO much ia value that the city pad an In
demnty to the Jones heirs of SSOOOO. INC only at
tempt at improvement made on the estate was wheh
Joshua built fifteen houses, at cost Of about $2oooo
each, on one Of the blocks.
MUCH UNIMPROvED PROPERTY.
Besides these fifteen houses yesterdays sale In
cuded 100 vacant lots OF the full city size. twenty
five by a hundred feet. Eight constitute the block
fronting on the west side of Nnth-ave, between
Seventy fourth and Seventy fifth ss; twelve extend
from the rear Of the seventy -ffthst. corner along
Seventy the south side. The entire square
bounded by Eighth ave, scyenty-ffthst, NinihaVe.
and Seventy fourth-st.. makes sXty-f0ur addillohal
lots. The remaining sixteen are on the north side
of Seventy fth-s extending westward. 400 feet from
Ninth-avc.
When 1t became known in real estate circles that
the land which Spectators have had their eyes on
for years to b. Sold the old interest was again
awakened and the EAchang, was crowded. long before
Auctloneer Peter T. Meyer began the sale. over
1000 persons crowded the floor, and all the prominent
real estate men of the city were present. Among
them were James 1ichbolne, John Callahan John
Livingston. John Il. Foley, Amos II. Emo, j. Metzger'
d. c. Conne, Judge Dugro, Jacob Rothschid, Richard
Z.
j. S. Levy A. Quackenbush, a. L. Mordecai, r. V.
Harnett and V. X. Stevenson
when John O. Jones died, on January L. 1857 he
left the splendid house in which he had hved' at
Twenty-eghh-sr. and Fifhavc. Out Of brothery
love. Joshua Jones kept up that establishment until
he himself died. last March, though he never occupied
the house. This property one Of the most I'm
porant pieces sold. The bidding all the property
was spirited from the beginning until the end Of the
sale, and everything offered was sold in little under
two hours The skill OF the auct.oneer in holding bis
audience and obtaining the TEST prices without undue
delay was the subject Of much favorable comment.
BEGINNING ON THE OLD MANSION.
The john =. Jones house was the first offered
Tho property consists of fourstory hgh-stoop
dwelling house. with brick stable In the rear being
No. West Twenty eighth-st. The size of the lot IN
Eifth-ave. is 2sXlO0, and in Twenty-eighth-st.
25x112 V. X. Stevenson made the hrst Dld OF
$3.50 900, from which the price ran up rapidly by
$1,000 bids between Hoffman Brothers, for Boston
buyers, and Barton d whittimoro, TO 100000,
then dropping of into $1,000 bids until
$4,000 reached. at which price George De.
Forest Barton the purchaser for Preston Wat
son, Of Brooklyn.
The fine frontage in Nnth.ave. between Seventy
fourth and Seventy fifth SIS. was then offered The
southwest corner Of Seventy -ourth-st. went TO Judge
Dugro for $4,000. The adjoining lot went to Ben
jamin T. Falrchld for $4,000 j. Mczger bought the
next for sl4.5O0; L. J. Phillips took the next at
$4,000 Jacob Rothschd took three more at Sl47OO
each and the corner lot at $4,000 The lots in the
rear Seventy ffhst sold rapidly Jacob Rothschild
took four at 100 each; OtnGer brothers four at
500 each, and Fisher Adler & Schwartz four at
$1,000 each.
Tie northwest corner Of Eighth-ave and Seventy
fourh-st to Judge Dugro for s2s OO0; the same
buyer took the adjoining lot at $4,000; J. Metzger
took two more at $1,000: the three next lots brought
$16150 and the southwest corner of Seventy fifthst
and Fl ghth- ave. brought go 100.
The whole frontage IN seNepty-fou"th-st.. between
Eighth and Ninth aVes.. bought ~ syndicate
Enrich at SIl,SO0 each. The frontage In seventy
fftb-st between the same avenues went to +. Der.
Wissmann at Sll 900 each. The Ninth-avc frontage
sold for S27 $50 for the northeast corner OF Ninth
ave- and Seventy fourth ST. interior lots brought nom
S13,950 10 S14 500 each and the southeast corner OF
Seventy -hfihst. and Ninth-ave. went for S2o, 100
The adjoining lots in Seventy tfth-st brought
900 for the northwest OF Nintb-ave. and
Seventy nfthst, and the interior lots from $4,000
to $4,000 each. The lois on the south side Of
Seventy -ffthst., between Ninth and Tenth ayes,
brought from So,350 10 $4,000 each.
Having disposed of the various lots the auctioneer
being fourstory and basement brick buildings, on
lots 20X60x1O0 each. They brought from 325 $50 TO
$4,000 each. Every house eagerly bid for.
The result Of the sale has given great satisfaction 70
the dealers and brokers' being felt that all doubt
TO tho sOundness of the market has been cleared
and seller not high the executors had hoped TO
obtain, but such as Justified them to sell.
- ID n ID