New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-05
REAL ESTATE.
SALE OF THE SYNDICATE BUILDING.

1T GOES TO JOHN y. GOLDING FOR A CLIENT Al
$4,000 OVER THE MORTGAGES AND &C
CRIED INrEREsT-RoBERT e. BOWLING
THOUGHT TO BE THE BUYER
The sale OF a downtown skyscraper. known as the
Syndicate Building. at the southwest corner VI
Nassau and Liberty SITS. under foreclosure pro-
ceedlne at the Broadway Real Estate Saesroom
Yesterday attracted the largest crowd OF inhu-
entail real estate men who have visited the auc-
ton rooms in a long time. They were all ah"'ou'
to witness the sale of the first downtown SKY.
scraper ,c be offered under the hammer IN iesa'
proceedings.
The ground On which the building stands was
purchased by Flake & Bowling In December ss4'
and in May 1885, the plot sold by them 10
Lamb & Rich, representing syndicate Tor
81 $4,000 The syndicate was made up mainly N.Y., o.
the architects. principal contractors ana ~
men. Work was then begun on the erec.ion vi a.
fifteen story handsome stone building. Dut owlns
to series OF strikes In the process OF
the building not ready In time for the renting
season last spring and In consequence the owheIs
lost almost years income The interest ana nr op.
Grating expenses have accumulated, ana the p,Up
erty sold under a fourth mortgage anoun'ii,s
to 100000. which was given to secure nsances une
to contractors material men and arcn!t Ices. Dr.
sides the fourth mortgage. there Is hrs' ,dn lC'
gage Of o at ,JO per S Sem' u aHe sSs at per
cent, and third mortgage Of s25o,Wo. due septem-
After reading the terms CT SALE Peter F. Meyer;
the aucioneer ann'u1c'I That the ploIei'y w ulu
be sold over the mortgages of S2.OOOVn, ara ac,
crurd Interest amounting I" si.2sl ana tnat Il mau
been ;ippr Used by exports at figures -ansn rom
81 $4,000 to S320oG0 These figures apparc1tiy ngd
little effect upon the crowd, and. after consneIape
delay bid Of $ 600 was heard from John ~ GoId-
ing The next bid heard 5000 and after three
more advances Of $1,000 each the property WIS
knocked down to Mr. Golding for client at SU y
making the price Of the property s2V,eZs NJ y,
buyer refused state the name of his Client Du IL
was rumored late last evening that ne repre-
sented Robert +. Bowling alone OF the New orA
Mrs, Mrs. Nathaniel D. Higgins has sold to William T;
Hall & Sons the plot 50xoo. on the north side OF
Ninety thrd-st.. 100 feet east OF west End-aVe'
The buyers will improve the property by the erec-
ton of two private dwellings r
scnd through {. Il. Redhead, the new six-story
business building lot 25x100 on the southeast corner
of Mercer and Third sts at $4,000 taking In part
payment the old Prospect Park Hotel property at
Catsllll ~ Y, at a valuation OF *lOVO 1900
Streeton & Lowry have leased for W. W Appleton
AMI another. trustees OF the Cooley estate 10 MAX
Marx the fve-sory brownstone front business Dulid.
Ing plot 2x9S 2X20 1x?s2. at No li3 Broadway AT
with the privilege OF another five at $4,000 year
At the Broadway Real Estate Saesroom yesterdaE Y
Peter +. Meyer 4 Co. sold at receivers sac an
the right title and interest Of Mary '. Bsseu IN the
West Fiity-second-st. to Eugene Blssell for s2$s
William Kennedy sold In partition No -. East
Eghty-irst-st four-story brick tenement house. lot
25xO22, S w WINNER for $4,000 also foreclosure
sale No. AZ East Sxteenth-st, hree-story brick
F. Schirmer. for $1,000: also in foreclosure; East
One ndred seventy nth-st.. south side lo2
feet east Of Burnsdeave plot 5Ox99 to the palntin
Julia A. Winsor for S4Oc; A. A..
Bryan l.. Kennedy sold In foreclosure fye hv ,e
story brick fathouses. plot 25xs H. NOS "a 70 iIz
West hundred thirty ffthst. 70 the plain
tits. Emanue. Heilner and others, for 100000