The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-20
VIEW JERSEY REAL ESTATE.

How Homes for the Surplus Population ~
New York Are Being Provided In New
Jerscy-AdvanfaEes Of the State n Phase
OF Rrsidence-The Building Up Of Hnslson
County.
In New Jersey the real market beginning to
stir and from present appearances seems evident that
with tho active cooperation Of the Governor and Legs
aiure the OF the State acetiousy spoken Of a.
being out OF tho Union. have determined to make
desperate effort 10 tempt OF the many thou
sands who do business in New York TO reside IN
New Jersey. This is likely 10 be in some degree
successful. Taxes are lighter in New Jersey than
in this state There aliens hold and bequeath real
estate and for those do require TO be ut Their
places Of business at unusually early hour the many
excellent lines oil railroad afford ample facilities both for
reaching and leaving the city.
During the last twelve months large sales of real
estate have been made in the counties through which
the Hackensack and rzssac dow The land has In the
frat place. been purchased by q company ct COM
paratively low price per then urvcyors and civil
engineers have gone TO work, lard u out IN
five feet wide. Tho lots have usually measured
two hundred by ffty feet and being put up At
tion have sold for from $3.50 to sG00a lot BY thesa
operations large quantities OF real have dis
posed OF at enormous profit. and many the
purchasers have already commenced To build on ana
improve their property. The @ setslernents on the
banks OF the Hackensack and Passac rivers promise
be quite thriving places In the course OF few years.
and in this portion at least Of the surplus
ation OF the Empire City will be provided with homes.
the acquisition Of which will the sacrifice
Of At least twothirds OF their iucome.
Another scheme which has lately had the effect OF
fusng great degree Of activity into real opera
tons New Jersey 10 tho plan for rccsimng many OF
the marshes These drainage operations will open =
mine OF wealth TO the State. and already largo qant
ties OF formerly swampy LAND have been disposed OF
very advantageous terms
In Hudson county op raions In real estate are At
present comparatively quiet Lots however, 10 good
locations held at upwards OF 200 each and from
that price they may be purchased all the down 10
II 600 which latter price 10 asked for lots In the vicinity
OF the salt meadows There - now large amount Of
bull ling going on, more, u is said, than for
some ums past and rents ruling compare
lively high. During the the real estate
market in aud around Jersey City was para
lyxcd, and 10 IL only within the last two years
that anything like activity has characterised
lis operations At present improved property does not
change hands with any degree OF rapiduy. This how
ever is accounted for from the fact that the for
real estate business generally opens with the commence
ncnt OF the year and thus though few sales are
now effected, building n progressing with great rapidty
The houses now being erected generally of size
well finished and built OF BRICK but few frame
houses now berg built In or near Jersey City.
tompsred With the prices OF last year there has been
no falling Oh and from present appearances the market
win remain arm FOR some time TO come.