New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-07
A BIG DRYGOODS BUSINESS SOLD.
THE STORE OF THE ESTATE OF HENRY
OFFERMAN. OF BROOKLYN. PUR-
CHASED Ely JOSEPH BAULAND

OFFERMAN. OF BROOKLYN. PUR-
CHASED Ely JOSEPH BAULAND
AND Ills BROTHER.
The drygoods business OF the estate of Henry
OHerman. In Fulton-st. Brooklyn. was yesterday
sold to Joseph Bauland. n drygoods man OF chi
cago. and his brother. who Is connected with TIC
firm OF Segel, Cooper e. Co. In New-York. The
DEAL which Involves 100000 was put through by
Leonard Moody. the Brooklyn real-estatc man.
Five hundred thousand dollars was paid for the
stock and goodwill OF the business. and %ohV"
covers the lease of the building FOR ten years.
week or ago JOSEF pm Bauiand. who Is NOM
Der OF the drygoods firm OF Morganthau. Bauland
e. Co. State and Monroe SITS. Chicago. went. INTO
the Offices OF Mr. Moody at No. 20 Court-st, BROOK
Ign. Mr.. Bauland asked Mr.. Moody's opinion OF
Brooklyn as a site for a drygoods business. and
being assured that there was no place better MT
Bauland asked TO some of the big buildings
that might be rented. The two strOllcd up Fulton
to find where Mr.. Bauland might invest
million or So a look taken at the building at
Fulton and Jay sts and finally OnermaE's was
reached. Although 1t not known TO be Tor
SALE the Chicago man insisted on going through IL.
This IL the best-appointed building have ever
seen for the drygoods business" commented Mt
Bauland and he requested Mr.. Moody TO ascertain
whether the property could be leased
The executors OF the estate replied that they
would consider offer The offer which Is based
the annual inventory taken feDruar? l. was
made and accepted last Thursday. The contracts
were signed yesterday at noon In the once OF
Charles II. Otis In the Real Estate Exchange
The signers were Joseph Bauland on one side ana
C. Henry Offerman, John Bremen and Mrs L. o.
Rasch executors OF the estate, on the other Inc
latter three and G. +. Onerman, Theodore OHer-
man and Mrs Anna Schmid: are the heirs or the
estate II has been understood since the death
of Henry Offerman year ago That the heiis hsiu
no desire to business.
The Baulands will take possession tomorrow
night at the close OF business hours. Mr. Moody
said that il was the intention to close the mouse
for a week or ten DAYS. The purchase was maze
with the understanding that the February IN,
ventory to be verified. 1t has not Dcen stateu
definitely yet what will be done with the OHeiinan
employes-whether all, part or any OF them VIII pe
retained. MI Bauand said yesterday; 1881.
I'VE Will make all necessary alterations 10 Put
the building In keeping with the times ana make
II one of the largest drygoods establishments IN
this part OF the country. We VIII improve 'he
stock by adding all lines to make ii hrst-class
department store. We will take possession az the
close OF business on Monday night ana mere
after conduct Il on lines of nrst-class establish
ment" - -, o -, Nor
ganthau. Raulan1 q GO. -. 80 ,-,,,.o,
The Offerman Building is at No. JOB TO 5l3 FUTON
ST and No 236 to 2iS Duffeld-st and mas rom ROM
age of 100 feet in Futon-st. ana 10 feet III 1ut-
ned-st Ii was leased for number OF YEATS ~
WechsIer Bros and the owner, Henry oHerinal
resumed possession of the building over yea!
stories high In the front and six stories hgh Ill 'e