The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-02-23
Big BAYONNE Sale.
The Cadmus Land Company
Launching a Boom
Realty Doings.


Cadmus estate. situated in BayonDe.
touching upon Newark Bay and all the
main thoroughfares. The transfer Is
made by Special Master in Chancery De
Witt Van Buskirk to the Cadmus Land
Company. A Masters deed Is given
for the property. The. price paid
according to the deed, is $4,000.
but by persons familiar :. with tl
considered ridiculously low. The prop
erty Is what was formerly known as the
Andrew Cadmus farm in Bayonne, and
is more particularly described as lying
between Avenue @ and NewarK Bay,
being bounded on the northwest by New
ark Bay, northeast by the lands formerly
Avenue c, and southwest by West Six
teenth street.
On the map of the Andrew Cadmus
farm the transferred section is shown to
be Blocks Nos. 327, 92s, 343, 345A, 344A.
359 and 800 and Block 345A between
Avenues e and D; lots 4. IA, IS, 10, ~, 80.
3S, SO, Al, So and 81 In Block No. 345: lots 1,
2, 8, 4, s, IA, Is, "a to 81 inclusive, So to Al
incl usive, aud So in block 261; lots 26, 29,
80, 80, 33. 36 TO Al inclusive. also north
westerly feet of lot A and lots 45 to 81
inclusive.
BAYoNNE SPECULATION.
That the Csdmus Company is organized
for the purpose OF speculating In real
estate is known. The purchases made
by IL consist of valuable tracts of land,
ana these will be thrown upon the
market rs soon as the season opens. The
initiatory move of the Cadmus Company is
the sale of the comparatively small tract
for $685. to the Mayor and Aldermen of
Bayonne for park. The deed has
gins at the northwesterly line
of Sixteenth street, where it meets the
New County Road, extending along
sixteenth street. /, 1A feet to Newark Bay,
along Newark Bay 900 feet to the lands
of Ellen NJ. Close; thence southerly $50
feet TO the County Road; thence SSl to the
place of beginning. The deed also con-
Yeys to Bayonne all lands under water
owned by the company in the tract de-
scriced, and also surrenders all riparian
rights and privileges. This is but one
sale, and 1t is said many more are to be
made In short time at public auction
Jersey City, it is plain, is to have
speculation. Property there has taken
great big jump, and much speculation,
which will be conducted by Jersey City
dealers, will transpire there. A few
weeks ago, THE JERSEY CITY NEWS told
exclusively of the unloading, of the i'm
mense Rufus Story property on the
market Acres upon acres which have
the market and, with the opening
Of spring, will be offered, both at public
aud private sales. To have such an estate
thrown upon the market ordinarily would
mean slump in prices, but on this oc-
casion 1t adds to values The property as
a whole Is unimproved. and the prospect
of its falling into hands by whom i'm
provements will be made, gives boom
20 surrounding property.
THE SEASON TARDY.
There is every prospect OF an eXcep-
tionally lively season in real estate this
year in this city. Dealers are well sup
piled with orders both to sell and buy.
weather. Spectators won't buy when
property is hidden from view by snow
and sellers wont dispose of their property
for the same reason, believing that higher
prices are on the tapis when the season is
fair. AS result, there Is very
little activity In the real es-
tate market. All this was made
Agents Warren and Nugent offered for
sale the handsome private residence with
plot of ground 5Ox100 feet, at No.T1 Attain
tic street. The day, 1t will be remembered
was bleak and cold one, the ground WAS
covered with snow. There were plenty
OF spectators weo had inquired of Warren
and NugenJ the terms Of the sale. but
declared that if the day was an unpleas-
ant one, they would not be
present at the sale. However,
at two O'Clock Mr.. Warren, acting un-
der Instructions from the owner, was at
thepremises. He was confronted by,a good
number of Interested real estate dealers
mood to bid. They would not remain
out in the cold. From $1,000. Mr..
Warren worked the price up to $4,255.
but there it stopped. The house was in
perfect order, contained ten rooms and
all modern improvements. Mr.. Warren
declined to sell the property at the price
bid for it. He would have taken S., 900,
hut the bidders could not arouse enough
enthusiasm to do any lively bidding. AS
result, the property Is In the market
still and will remain 80 until the seas on
is fully under way.
Warren & Nugent were to have sold
the same day at three O'Clock the three
store and basement apartment house No.
80 Jackson avenue. Without making an
effort to sell the property. Mr.. Warren
postponed the sale until more favorable
weather was at hand.
Transfers.
Henry Haase to Nicholas P. Wedin, Jr. for
for 81, lot II, in block 81, on the southerly side
of Railroad avenue, l05 feet westerly from Var
lex street, also lot 6, block 81, on the southery
side Of Railroad avenue, 125 feet from Varick
street.
Nicholas P. Wedin, Jr., to Rosalie Haass for
ST. above described lots.
Provident Institution for Savings to John
Luhrmann for Al $50 lot and premises, 25X150
on lot II, block 2, Pacific avenue.
Ulrice Lesser to Maximus A. Lesser for 81, $50,
property on wes' ery corner Of Garden and
Newark streets in Hoboken.
John d. Carscalen to James D. Warner for
$12, 500 lot 80, block B on Newark avenue, now
occupied as feed store.
Sarah Q. Kerrigah to Richard E. Galbraith
for $500, lot 5, block H. on the north side of
Central avenue and Traphagen street
John H Lane to Frank Meier Of West Hobo
ken for 81 $50 property on the northerly side OF
Division street, 100 feet from Spring street.
John Mitchell to George P. McMien. for So, 900,
lot on easterly side of Webster avenue.
Fanny Hogen to Charles G. Gallagher, for
$1,000, lot and premises on the northerly side of
Fifth street, 95 feet from Jersey avenue.
Elizabeth Reynolds to Mary Passagne for 81,
front half of lot 16 in block 62, at Railroad ave-
nue. and Coles street.
Mary E. PasSagne to Elizabeth Reynolds for
81, rear half of the above lot.
August Won Fell to Frederick Krause for
$l,e00, lot and premises known as lot Is on
.northerly side of Lincoln street.
James ii. Cubberly to Thomas w. Adams for
So 50O lots 107 and 1903 on the nor therly side Of
Claremont avenue.
Mortgages.
James Wade from Kearny Land Company,
$3.50 lot on Devon street, and $500 on lot on
Berg en- avenue.
Martin Costigan from Mary Jane Wilhelm,
So COO, property on the westerly side OF
B runswick street.
George Uhl from Anthony Engelbick, So, 200
on lot and premises known as lot 72 on westerly
side of Monticello avenue
John Luhrmann from Provident Institution
49, Czws~ l. - d. a.