The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-02-06
LIVELY BUYING AHEAD.
An Active Spring Probable
in Real Estate Rents
May Go Up a Point.

=
dent Stevens of the Real Estate Trusts
Co., Emmons & Co., Warren & Nugent,
f. c. Wolbert. f. ]. Matthews, c. G.
Jewell & Co., D. w. Lawrence s. Co. and
T. NJ. Foye are Of one mind concerning
prospective movements in real estate, 1t
can be taken for granted that those por-
tions of the city designated by them will
be the seat of extensive operations during
the specializing season.
Within the past few days have talked
with these gentlemen upon the outlook
for speculation in the real estate world
this season, and they ali agree that IL Will
be extremely lively, and further, that 1t
will confine itself principally to The
Heights. The gentlemen acting as agents
have large quantities OF real estate to dis
pose of, ana much of it will 40 at public
auction to the highest bidder. 1t is
noticeable fact that last spring, owners
had property on the market for which al
most any offer was acceptable, but with
the approach of spring. this year. prices
have taken jump. That prices will in
crease as the season progresses, appears
to be an assured fact The reason of this
is the rapidly increasing demand for
rental proDerty, and the cause OF this de-
mand is. first, the operation OF the rapid
transiteline to the Hill; and, secondly, the
through.
HOUSE HOMES IN DEMAND.
On the Hill, from the Court House to
Ocean avenue, but few Hat houses are TO
De found. They are not in demand.
House hunters want small houses or
parts of houses, which rent for prices
ranging from $50 to S35. The agents
named above have all advised their Gus
toners who speculate In real est ate to
erect the class of houses in demand and
they promise to keep them.teRantsd from
year to year. The real estate dealers are
watching patiently for the exodus 2f
down town people, who have declared
This move will throw upon the market
some valuable property in the lower sec
tion of the city, which the dealers con-
tend must go at sacrifice.
LARGER HOUSES SOUGHT, TOO.
E. Mendon Foye has long list of appll-
cants for high class houses, where rents
range from $50 to $40 per month. He has
already made several contracts to take
effect May 1; but he is unable to supply
half of the applicants he has on hand.
Dealers generally have never entered a
spring with such bright prospects. The
electric Iine on Montgomery street has
added value of about $500 on every lot
on the Hill. Owners are not anxious TO
sell except at their own figures, believing
that the completion OF the County Road
and the operation of all the street car
lines by electricity will materially affect
their holdings.
This advance in the value of property
has given rents a little boost, and houses
which rented for $25 are now held for S27
and $2e, and this ratio holds goodsall over
the Hill. Houses on the Hill are being
renovated and fitted up with all the mod
ern improvements. This is being done
with the view to satisfying the high class
tenants whom the agents anticipate deal
ing with. 1t is surprising to notice some
of the Oldest residents OF the lower part
of the city preparing to move on the Hill.
To agents, they say they are being driven
out because of the increasing erection OF
fiat houses of a cheap class In the midst
of fashionable localities down town.
Many New York people are seeking prop
erty on the Hill, too, and are offering
better prices for rent than Jersey City
people.
OUTLOOK FOR SALES.
Perhaps no season will ever be so
lively as the coming one in the purchase
and sale OF small houses, ranging in
prices from So, 900 to S., 900. Agents have
orders to purchase at these figures, put
the only holders they can tind
property are those who fear an increase
In the tag rate. Their reasons for antici-
pating an increase Is the possibility OF
over initiation of the public DEBT by Legis-
lative action.
Anyway speculation will be lively, and
fine properties will change hands this
spring. Some of the finest property in
the city will be placed upon the market,
and it Is highly probable that New York.
ers will be the heaviest purchasers. In
all the transfers recorde in Register
Fielder's office during the past week, 1t
has been noticeable fact that New YORK
ers have been the principal buyers. This
is exp lained by the fact that. property
come from the investment tnan holdings
in New York.
Sales.
f. NJ Foye has sold to A. NJ. Cronter the four
story brown stone dwelling situated at No. 40
Bergen avenue, adjoining Dr.. Wilkinson s homo,
for s., ,5o0 The property was formerly owned by
b. M. Thompson. The price is an excellent
one for the property.
Permits.
Building inspector Kelly granted permits on
Saturday to T. NJ. Steward to erect one story
frame building at No. 1854 New York av enue.
Hauck Brothers one three story frame dwell
ing at No. 317 Johnston avenue.
Transfers.
Jane M. and Henry W. Baker to August M .
Bruggemann, of Hoboken, for $3.50, lot ls block
az, in Hoboken. The lot is situated on the COR
ner of Monroe and Second street.
John J. McPhillips, as Sheriff, to j. Il. Rudi-
gan, for mortgages on property on eaSterlv side
Of Montgomery avenue, 260 feet, from N..nkhn
avenue, 125x1t5 feet.
Master in Chancery John Garrick to William
w. Snyder of Harrison, property In East New
ERIK at Warren and Seventh streets.
Edward Began to Phillip Giesendorfer for 5000,
lots % and %, in block 20, on seaview avenue
Bayonne
c. v. Hickok of Hoboken to Harry +. Hickok,
S70O. on lots and on Tonnele avenue.
Henry Sorg of Union to jacob Guset, lots % to
26 Inclusive, in block 81 In Union. Sum, 900.
O. A. Lervis to Lauretta A. Shaw for $500, lot
8 in North Bergen.
Lease.
John Wright to Robert Freitag, tLr ee-story
dwelling on northeast corner of Central and
Beacon avenues, known No. 100 Bea con ave-
nue., for three years, at rental of S42O yearly,
Building and Loan News.
The seventeenth annud report of the Green
vile Building ani Loan Association which has
Just been is ued shows the past year to have
been the most prosperous In the history of the
association During the year the appropriation
sales have amounted te S57, 500 &C au average OF
S126.37 per snare Eight members have paid
their loans in full, representing n shares. Nine
to the regular rules of the association. The
Withdrawals have been as foliews;- Three shares
of the fourth serleS shares OF the fifth, l3 of
the SIXTH "a of the seventh, n OF the eighth,
1873 of the ninth, 142 of the tenth and l7S of the
the eleventh, making a total of 562 shares on
%k.a "A