The Sunday morning news. [volume] (Jersey City [N.J.]) 1886-1891, 1891-03-15
HOW REALTY RENTS.
What the Dealers have 10 Say OF
of the Prospects of the
Season.

4He E6al e5Idtc prospects LOT Tue Spriu
are very encouraging. so several promi-
nent real estate men on the Hill told me
yesterday. Mr. Edward Emmons, sof EN-
mons & Co.. was the first l interviewed
on the subject.
WELL" said he. lit is rather early yet
to give an opinion, but still think can
safely say that this springs business will
excel or. at any rate, favorably compare
with that Of the corresponding season
last year. Houses are already renting
rapidly, aud the selling both of houses
and lots is active.
The majority of the applicants are
out of t1wn people, mostly New Workers..
There is very little change as regards
prices from last spring, but when the pro-
posed elevated road is built they will un-
donbtedly advance. The prices at pres
ent are far below the intrinsic value of
the property"
Mr. Halsey. of the firm OF Halsey &
Raney, Monticello avenue, said that
whatever difference there was between
this aud last spring would be in favor of
this year. Prices, be said, were mod
erateiy steady aud prospects had bright
ened considerably since the first Of tie
mouth. A great number of houses were
goiug up on the Heights, chiefly rows of
dwellings of moderate rent. His expert
ence, too, was that great majority OF his
applicants for houses to rent came from
New York.
ACTIVE SALES.
Mr.. Smith, ST., Of the firm of Smith &
Son, Ut Bergen aud FarmounJ avenues.
sa1d:-'The prospects, as far as we are
concerned are very fine indeed In the
last three weeks we have sold over a
dozen houses at prices varying from
g, 500 to $500 each. Houses at these
prices we tiud the most demand for We
for sale at anything from 1900 up, but
we find it almost impossible to dispose of
Them
1t is the same with those we have to
let. | could rent any number of houses
at from So. 80 to s25 month, but above
this price few are willing to 90
A member of the firm Of Foye & Co.
echoed the above statements to the letter,
and said that most of his hoilse-seekers
came from New York, and these located
in houses in the vicinity were not inclin-
ed to change their residence
ALL FROM NEW YORK.
Mr.. j. K. Van Wrinkle of the firm of ID.
Van Wrinkle & Son, was seen at his Office
on Communipaw avenue.
"The pros poets at present are very
good" said he. although rentals will
not be very many since our tenants evince
q desire TO remain where they are Most
of our applicants for. houses TO let, and
for sale, TOO, come from New York. They
are beginning to realize that property
over here Is cheaper than any within
twenty miles of New York What pleases
New YORK people most, however, is the
fine drives we have on the Heights
I'VE have lots of property seekers. The
selling is very good and the prices are
high. Sellers are sitter than ever be-
fore. Formerly, yon see, the buyer
made the price and the sellers had to
come down. Now it it is the sellers turn.
Oh. yes: we expect to have a very active
spring."
Mr.. w. S. Herrick was seen at the office
of j. L. Watson & Co., at Ocean avenue
and Union street.
Prospects for. spring? l think this
will be the best spring we ever had
Within radius of five blocks of the office
oyer seventy houses have been built since
the winter. The demand is for houses
from S25 to $40 month. Buyers are sat
isfied to pay from s., 500 60 s.. COO. Airing
ton avenue lots have advanced from $500
to 81, 400.
.srno increased number OF fast trains
on the Central Railroad is as good as
rapid transit. The electric cars which,
Greeuyille line WIN increase the value of
property"
GBEENvILLE's OUTLOOK.
John n Burns said: Il expect very
active spring in Greenville real estate.
The number of new houses going up in
the vicinity is astonishing. Bergen,
West Bergen aud Greelviile are building
up so rapidly that an old-timer would
not recognize the place. Our prices are
advancing very rapidly and we are doing
more business for the time of year than
ever before. The demand with us is for
middle priced houses We don't 90 any
higher than S. 500 in sales and $50 In rem
tai. We are preparing for very pros
porous spring just at present most OF
our applicants are New York and Brook
lyn people ia search of quiet, healthy
homes, which they cannot find anywhere
else within a rauius OF fifteen miles of
New York city,