New-York tribune., 1896-11-17
DR.. Lyon's
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AN ELEGANT TOILET LUXURY.
Used by people of refinement
for over quarter of a century.
4 BIG SALE OF REALTY.
w. X. ASTON DIsPOsES OF PROPERTY IN
WALL-sT. AND EXCHANGE PLACE.

TIE NAME OF THE BUYER STILL. WITHHELD Ell
THE PRICE IS SAID TO BE ABOrT s2ooooo0-
MR. AsroXs DEALINGS N REAL ESTATE
The report as already published In The Tribune hat
Nos II and 10 Wall-st and Nos. 45 and a Exchange
Place have been sold by W. *. Aston for about F-""-
600 was fully verified yesterday. but the name OF me
buyer and his Intentions still remain mystery Ihe
brokers are Richard NJ Montgomery CO.. No 81
Pine-st.
Mr. Aston was seen at his office the third floor or
No g. Exchange Place yesterday afternoon by IilD-
reporter He gave information 80 far a. MS enc
of the bargain concerned OF considerable hti'S
10 real estate mor and TO property Mr Aston
said: The report that ! have sold this building ana
the with which IL connects n; Nos II and ~ wall
ST. is entirely correct. The papers are signed ana the
transaction is closed but not at liberty 10 make
s,atemen. who the purchaser is or as to ihe
exact price paid for the properiies Nh Aston inti-
mated howcve: tha' the price at which the property
had been sold by him about s2~".WO Ii ma
have been triic less thar this. Nothing could BE-
learned the basis OF the deal but II Is generally
understood Mr Aston takes other property in cx-
change as pat payment.
Mr.. Aston continued: The Wall-st property has
frontage of 90 feet 6i inches and tn" Exchange Place
building has frontage OF ~ fri and inches ho lots
connecting in the rear and having total depth, run
ming through from street TO he ohc'. Of 2O feet
The Wall-st property originally an eight
story structure. but: and owned by the Queen
Insurance Company. About ten years ago. tho
United States National Bank purchased the prop
erty for about $70jcc. took down the top story
and added three more. making II fine tcn-story
ofiico building This property bough from the
United States National Bank something less than
a year ago for about $4,000 had been anxious
for time purchase the Wall-st. property as
1t directly in the OF my offices here in
Exchange Place, ard knew that by securing the
Wall-st. realty and connecting the two huildings
by cutting through In the OF each n" value
of both properties would bc materially increased.
The Exchang" Place piece boueh, from the late
Eugene Kelly. some seven years ago. FOR abou;
onehalt OF the price recently paid FOR the Wall-st
property. The building was then five stories high.
ana have not added to.its height since. though It
has been thoroughly remodcllcl and with th" sec
ond ana fourth sior! ~ conLectiu. through with
the first and Third stories. respectively. Of the
Wal.-st. building. wher, two elevators ran. these
are now particularly ane office buildings"
At the price suggested the selling price. 81 the
property would bc nearly $50 Squar" foot. II
was learned frcm Il well-known rcal-"siai" broker
caiiy sol1 ihe waii-s,. property 10 Mr Kcliy. he
former owner OF the Exchangc Plac" property. but
that there was some misnndorsiandirs when the
time came 10 sign tn" papers. and IN" deal never
sold 10 the United state National Ban6
All that could De learned from Mr Aston ~ g.
the intentions OF the purchaser Was that hc would
probably put up one hgh ofc" building. running
through from Wnil-st 10 Exchange Place. ai SOM
time tho near fIfur.. Mr. Aston t.d think
that this would be dor" FOR Ave years anyway. as
some Of the present tenants of the Offices hold
leases until 1901
Mr.. Montgomcry was seen last evening - hi-
home No n. Wosf Seventy -four'h-s,.. hy Trir-
une reporter. lie saio thu; r-',ld 10. fc" At h-
ertr 20 disclose The nam" OF in" bu. cr whom H.
represented. III; TINT the purchaser did not amt .!
pate any immediate alterations In the building
The building II" Wnll-st front H. a modern
office sfructur". ana probably would not BE- H!~-
iurbcd. he sail. hu' H." Excl aur" Pltc" building
according to Mr montgomery may he replaced hy
a much taller building. although not IN the !min'-
diatc future
MIR Aston has been interested IN several impor-
tanf real-esfaf, transactions tn" following 80"
some Of them. as given b. Mr. Aston {" th" r'-
porter. Ia !ss2 Mr.. Aston bought from III" lat"
Reuben Ross NOs I and Finest. 80 fc't front
and 20 feet deep. for about $1,000 and sold the
same ten yonr~ later t. IN" Equitable Life A-sui-
ancc Society for about '2GlsD This property
forms fh~ Pine 50 "itrnnc" to tn" pr's'n' massive
Equitable Life y Elding In iss2 Mr. Aston bought
No ~ Pinc-si. - feet ia. inches front by - feet
deep. FOR aboai $4,000 and h. lS- disposed Of the
proport. 20 woman living IN Germany for about
S21DWJ She ha- since erected handsome new
building Oh -" plot. NJ. Aston IN the same y"nr
purchased Nos. - md .3 broadway fD- abOct SO
0" ard afi"- IMPROVING II hr an expenditure ~
J".op solo The building six year aso for SH'o"
OIsOa h NNnr.