New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-14
LARGE PURCHASES or REAL ESTATE.

.,,,rp,vrrynrNr BYRNEs AND INSPECTOR
M,LAUGHDIN NOW OWN VALUABLE PROPERTY
There was nm air OF mystery about Auctoneer John
y Goldlnc. at the Real Estate salceroom. NO III
E,,adwav Yesterday when he was asked by the r
n,r,crs 70 whom the four.story brick store, no 81
West Fourth.st had been sold. 1t Is customary when
foreclosure sales take place for the aucroheer 10 pun
licly announce the name OF the BUYER In u' c''o'
howeyer The buyers name could not be learned
dealer 4, reol ESTATE who is wellknown In the
civ noticed that the bidder the property was one
NJ Police Inspector McIaughlin's private ne'eo"''s'
the Inspector himself keeping In the background
The property was knocked down on the nrst ou'
which was 500 600, and subsequently the mime u
Ensign OReae was given out as the purchaser MI
Beac appears in the city directory as cierh "'ns
at No. 1Oa waverlcy Place. His name. apparently
,pas used 10 conceal the OF the real purchaser
who is Inspector Mclaughlin.
This property which Is situated on the northeast
corner of Gicene-st, was sold By the Suydam cs'he
on February %, 1890. TO real estate SPECTATOR
Mayer Kahn for $4,000. Tint the property was
purchased chcapy is evidenced by the fact that he
rcso,d # within q week for $4,000. advance On
IS Oo0 to Samuel Conn., against whom foreclosure pro
cecaincs were Instituted which resulted In yesterday
sale First, second and third mortgages. amounting 10
S65 600 were held against the property although IL
WAS sold subject only about S47,50O the amount oil
the first and second mortgages, Interest and coslS VI
foreclosure Therefore inspector McLauehhh WIN
hive to pny abou. $4,000 In cash, unless ne
allows the thrd mortgage TO remain, or arranges ior
new mortgages.
This purchase by the Inspector recalls the purchase
last week by his superior officer. superintendent
nvrnss. OF The southeast corner OF Fiftlsave. and
Forty sixthst opposite the Windsor Hotel. THIS
corner contains four stores. with apartments ABOVE
They are occupied BY Hayes pharmacy "iiiiaDhs "
Groeu real estate agents, and Others. Like the
rorortv bought by Inspector Mclaughlin, at Fourth
and Greene SIS the Fifthave. corner has been IN
the hands of SPECTATORS one OF whom ASchfr "eln-
.to,, hnupbt IL about n month ago from the hev.
ArclIb.ld Mackay smith for 100000. supcrntend-
cnt Byrncs paid Mr.. weinstein sl7s"oo.
This ,mrchas. by Superintendent Byrnes also recalls
r.,ors nur,hasc by him Of the northwest corner OF
rorr,.orthst and seventhave., In March, 1eOo' Tor
$50 900 from the snme dealer. who purchased 1t IN
vebuarv O, the same year from the Genn estate Ior
S54 500.
As superintendent Byrnes paid $4,000 cash for his
equity In the Fourteenths corner TWO years "so' anu
is 10 pay about $4,000 cash for his equity III 'he run
ave. corner the rest being on mortgage real estate
men said, on Change yesterday. that t"e P'"'e
officials must be thrifty set OF men,"
One operator Yesterday referred TO the TACT ''a'
tho superinte ndent has leased the FSureentDs' CUT
ner 10 Hugh slevin. liquor dealer for long term
OF wears slevin has had the building entirely reno
waited. using the rpwer part as a liquor STORE
Another sale that came TO light yesterday was Tue
nurchase by ex Mayor William r. Grace OF the hand
some fors story brick house the northwest corner
of sevcnty.ninhst. and Madisonave. for about sl'o
OOO This house Is one OF the r'w bult os W.
Graham g. sons, which resulted In their failure The
hou. has frontage Of foriy-six feet on the street
and about seventy on the avenue. II is near the
house recently purchased by Richard Croker
superintendent Byrnes said last night, when asked
about bis purchase OF real estate "Ths Is matter
which concerns myself and not the public IL Is my
- ,,s,,s.s and I decline TO say anything about It,"
Inspector Mclaughlin was not at lome when the
renorier called nj his house. NO. 440 west i"ehN'
s<cOpdst.