New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-02-20
A SALE OF TWO MILLIONS.
KNOCKING DOWN AN ESTATE AT AUCTION.
COLONEL sHEPARD's PURoHAsE-LooK-
ING FOR HOME FOR "THE MAIL

ING FOR A HOME FOR "THE MAIL
AND EXPRESS"
The great sale Of the Joshua Jones estate. which
mas been looked for in the market for upward Of
month as the most certain test Of values whereby buy
es and sellers would be guided for the present year.
'ooK place at the Real Estate Exchange yesterday in
.he presence Of OF the largest crowds yet seen in
me building The sale was by Adrian II. Muller &
Son, auconeers by the order Of George G. Williams
John T. Lochman and Arthur Mason Jones. the execu
tors. Tho sale began exactly at IL O'Clock, and
finished at 90 D. m, in which time 81, 100000
worth Of property was sold. The downtown property
brought exceedingly high prices Among those present
were Colonel S. V. r. Cruger Judge Dugro, Amos r.
Emo, Colonel Elliott +. Shepard John P. Duncan.
John H. Ireland william Cruikshank. E. A. Cruik-
shank. Leonard ]. Carpenter. s. f. jayne Mr.. Van
Buren,, George Hobart Scott, John D. CrImmlns. Ed
ward oppenheImer, Charles A. schermerhorn, II. IL
Cammann and Morris B. Baer
As showing the precision of prices in the market.
Peter + Meyer appraised the property at g., 100000
lt brought g., 100000. One Of the most surprising
instances Of value was the property No. 2o3 Broad
way. 1t was sold to Colonel Elliott F. Shepard for
s21i 500, or ss6 tho square foot The property in
the rear Fulton-st. brought $50 the square foot
| There was active competition for this property,
1vostory building. with one-story extension.
loL 24Ox1O03 Tho store, basement and
Subbasement Of this building are leased
TO May 1, 1891, at $4,000 per annum, tho lofts
producing an additional income Of $4,000 per annnm
The bidding started in at $4,000 and ran up rapidly
TO s211, 0OO at which price Colonel Elliott F. Shop
ard was the buyer. Nos 104 and 1875 Fulton-st. are
fourstory buildings with one-story extension, lots
24l0x77.7 each They are leased to May 1, $780, at
$1,000 Per annum 1.-TWO loases and sold for 1851 900
to Colonel Elliott f. Shepard, with the adjoining
building, No. 1913 Fulton-st
| Colonel shepard's purchase acquires additional
Interest from the fact that It was made with the
view to the erection Of a mammoth new building for
The Mall and Express The property in question
embraces three lots in Fulton-st, and
one In Broadway, forming an "L' about tho
southwest corner Of the two thoroughfares It
takes in No. 203 Broadway, and Nos. 164, 1853, and
l6e Fulton-st. The price paid was 100000 alto
gether of which s211 900 given for the Broadway
| lot This lot IS 2A75 front, by 100.25 in depth.
Tho three lots on Fuon-st, aggregate $685. front,
and 1913 depth, but there IS space wanting about
fifteen feet square, which has been cut out Of tho
| rear OF Nos. 1874 and 166.
The buildings arc old and dingy, those on Fulton
ST. being our-soes in height, and the one on Broad
way nvestories, and the prices paid were considered
| IN tho neighborhood extremely good John Duncan,
who owns the corner building, No. 207 Broadway,
wanted to get possession of tho property, and the
price up to q high figure. Tho narrow building, No.
205 Broadway belongs TO the Smith estate. Colonel
Shepard said last evening that he should eventually
put up handsome building on the property he hal
purchased, but he had made definite plans as yet
and was In no hurry to begin. He denied rumor
that no had purchased the property for the Western
| Union Telegraph Company, and said that his chief
object 10 provide a suitable homo for "The Mall
and Express Most of tho leases expire on May
l. 1890 the only exception being in the Of the
corporation of Hegeman Co.. druggists and chemists,
who have the ground floor, basement, and sub-base-
ment Of No. 2o3 Broadway, until May /. 1891 their
yearly rental being $4,000. Tho present rental OF
tho entire purchase IS S22 100. 1t said at Hege
mans late in the day that they had been offered
900 to vacato within two or three months, but
they had promptly declined.
Tho building OF which they occupy part was
purchased twenty odd years ago by Mr. Jones for
, s45 900. Three years ago the Western Union Com
pany camo buying it. the price practically agreed
| on then being $4,000. At that time the Western
Union bought No. COL which adjolns their own build
ing, but afterward sold It again, merely retaining
forty feet In the keep their light from being
| shut OF.
The first property offered was No. a. water-st.
| The bidding ran from $4,000 10 s15600, at which
price H. Brewer Brother were the buyers No.
Coenties Slip next offered. Tho bidding ran from
| 10000 10 s12, 500 Alkaline Cohen was the buyer
Nos "a and 80 southst consist Of hve-story brick
house. on lot 3GGxo0. The bidding ran from
10000 TO $4,000 for tho house Bernard Cohen was
| tho buyer The Same buyer took the pier rights at
si3,750.
No 1903 southst. sold for SIC, 500 to Howard Place
No. e46 Frontst, fve-story brick house, with one
story brick house IN the rear, known as No 207 IL
Wa,erst lot 1910 on Frontst by 145 feet TO Water-
st. by 1875, Irregular is leased to May 1, 1890. at
| 81 500 per annum. The bidding ran from 10000
10 gel 900; William T. Treadwell was the buyer. Nos
| 24e and $50 Frontst, two hvestory brick houses,
! each lo3x6I.s, with a hve-story brick house In the
rear known as No. 271 waterst, lot 240xs41; are
leased to May 1, 1893, at $500 per annum. The
| bidding ran from $4,000 to S4l,oOoi H. bre"ef
| Brother werc the buyers.
No 121 Liberty-st is nvestory stone-front build
| ing between Greenwich and Church sts on lot Cox
1O0l0, and IS leased to May 1, 1890, at 5000 per
| annum Tho bidding which started In at $4,000,
ran up TO $4,000, at which price the property was
Knocked down to L. E Ransom.
Nos 70 and "A Duanest. were next offered, the
property consisting of two hvestory Nova Scotia
mont stores The bidding started in at 100000
| and ran up TO $4,000; Louis +. Emilio was tho
| buyer. No 1eo Duanest, tho southeast corner OF
| Hudsou-st, a two-story and attic pnck mouse win
twostory brick house IN tho rear on fand 800 ieet
in puanest by es by I'll in Hddson-s Is leased 70
| May l. 1850, at 81 300 per annum' IL was KnocAeu
| down for S46, 900 to p H. Dugro.
| No 100 puane-st including No. "a Thomas-st,
f. a -storv stone and brick front building lot
| o,x17511 and Is leased TO May 1, 1889, at $4,000
| rar arnun ftro MINER lofts vacant. The bidding
ran an from s75. 900 to 100000. s. zlckel was
| tho buyer. No. 90 Reade-st. is fve-story iron
front house, on lot 25x75, producing gross rental
~ a. zoo or onnum The bidding ran from
Sso 600 mn 20 AZ 900; John II. Ireland was the
huvsr No 1as Front-st sold for 100000 to r. L.
| Mortoomerv no 80 Maiden Lane is four-story,
brick building. a4s feet east Of Nassau-st, lot
Iesxsaxrrcs, and in leased 10 May l, 1890, at
per annu, two leases rs Hc de9 DaGng
| was the buyer. - attaining the above on the
sss and leased to May l. 1890 sS o6 At
The bidding Is H sssre Iangdon was the
bnge an Nos W &C. So 60 b and Mos oS
05 and 81 Thomasst iyesNpS s SESs podace
eros rental Of year The bidding G ran T. up
irom si4o 900 to $3.50 500 r., q yestory
bnI6nV Nos io7 i0e i'll and 1l3 FTanklinsf S was