The Sunday morning news. [volume] (Jersey City [N.J.]) 1886-1891, 1890-03-23
That Is the Joyous Sound
Among Jersey City
Real Estate
Men.
RENTS FIRM, PRICES STIFF.
Interviews with Leading Dealers
1.-The az Road and the
Tax Board.

activity exists in the real estate market.
The moving month is close at hand, aud
the advent Of spring brings to active life
all the projects OF building and specula-
tion which lave been incubated through
the winter This is the time when new
residents prepare to move in, and when
new business schemes are started and
the steady advance OF the community
may be estimated from the influx OF
house renters and builders blythe demand
for business and residence property,
From interviews with several promi
nent real estate dealers, which are given
below, it will be seen that the growth of
Jersey City is steady. Business is con-
stantly improving, and the increase OF
population is most gratifying
FRANK STEVENS VIEW OF 1T
Frank Stevens, the real estate broker
of Montgomery street, said:-. Business
generally is good and the prospects are
all right. We have a large number Of in
quiries for floors and dwelling property.
There Is also large demand for business
property. Almost everything we have
on hand is rented, except some new
buildings which are not yet completed
Our auction sales have been good and
have realized fair prices, while the pros
pect for those to come is even better.
There is q large demand for property
along the route which the new elevated
railroad will take. Many people are COM
ing here looking for an Investment for
their money. and that has made things
rather lively in the real estate field. espe-
cially in the line OF property for business
purposes. There is also a perceptible in
crease in the demand for vacant property
for the purpose of erecting dwelling
houses.
.sI,,.if.ae / r, ,.aai aafofo o,o n lftfia et3fTar
and rents hold their own, which is remark
able considering the large number of new
buildings now being built
MR. JEWELL on THE HEIGHTS.
MIR. g. G. Jewell, the successor of J. p.
Howell who does an extensive real estate
business on the Heights. said that he had
not received many applications for houses
from people out OF town. This he
attributed, however 10 the early season.
That class Of tenants generally appear 10
ths field later on.
II have received large number of
inquiries from people who are DESTROYS of
building said he, especially those who
have small meaes aud who desire TO
secure homes through the medium of the
loan associations and kindred organiza-
tions. The demands | receive are almost
wholly for residences Rents about hold
their own. They will not be increased to
any noticeable extent this year. | haze
had D few inquiries from New York
parties who were looking for investments.
There are u number OF such parties whose
inquiries have created wholesale de-
mand and enhanced prices little.
Ii our taxes were not s0 stiff and there
was d more equal system of valuations
we would have a demand for property
over here which would send prices away
up; but many prospective purchasers are
deferred from investing in Jersey City
real estate by the autocratic manner in
which the Tax Board makes its valua-
tions."
MR. VAN wINKLE TALKS OF BERGEN.
In the old Bergen district the firm of
ID. ID. Van Wrinkle 81 Son is one of the
best known ia the real estate field. The
elder MIR. Van Wrinkle said thai there was
lively. demand in his district for ell
description of real estate. He had re-
ceived applications for dwelling houses
from number OF people from Brooklyn,
New York and the country. Rents, he
said, would remaid about the same as
they have been during the past year.
"The demand for vacant property is
good" MIR. Van Wrinkle said, "and the
outlook for the future is more encourag-
ing than IL has been for some years back.
/ expect a lively demand for vacant
property soon, because Jersey City is the
safest and surest place for investment
that | know about here. The proposed
elevated railroad has something to do
with this, but the natural advantages
which Jersey City possesses are the muny
causes of this demand"
MIR. BRUINS OF GREENpILLE
Mr.. John n. Bruins, of Ocean avenue, is
one of the most extensive operators in
real estate in the district lying south OF
Newark and New York Railroad and in
Greenviile.
There is an excellent demand for
houses in this district and in Greenville,"
said MIR. Bruins; although large num-
Der OF new houses have been erected this
year, the demand is greater than the sup
ply aud in consequence rents will advance
u little. This increased demand has been
brought about by the location of theArling
ton avenue station of the Newark and New
YORK Railroad, and small houses are
greatly sought after in the vicinity of
that and the jackson avenue stations.
s"rhere are not enough small houses to
meet the demand for that class of dwell
ings. The same thing may be said of
Greenville in the vicinity of the Central
Railroad station.
There is also lively demand for va
cant property, and there has been no
ticeabie increase in the prices asked and
paid for that re,lss of property
AS WARREN & NUGENT SEE 1T.
Mr.. Henry Nugent, of the firm of War |
rem & Nugent. said that his firm also
found the demand for dwelling houses |
good. There was slight increase, il |
he said, remained firm, show
ing no perceptiole increase or
decline, He noticed, however, but few |
applications for houses by people from
out of town and thought that it was so. /
far mostly confined to old residents of I
Jersey city. The greater portion of the |
demand appeared TO be for small dwell |
ing houses. The market for unin proved |
property was also in good condition. |
Investors were looking for vacant lots |
upon which to build. Take it on the
whole, Mr.. Nugent said, the outlook was
most encouraging.
At Einmons a. Cronan's Office it was /
said that there had been a marked i'm
proveinent in the application for houses
in the Bergen section of the city. The in
crease was said to come from New York, |
BERGEN Point and from the country |
Many of the applications were for houses
in the vicinity OF the route of the new
elevated railroad and 1t was considered |
that the prospect of the road had q great
deal to do with the increase in the de-
mand for houses Ia that vicinity. Not I
withstanding this increased deniaud rents
would remain, it was said, about the same
as they We're last year.
Messrs. EmmoDs and Cronan also re-
ported a large demand on the part of peo-
pie with small means for houses and for
lots upon which TO build
FATHER BRUINS RELIEVED.