The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-02-03
LIVELY BOOM AHEAD.
Big Speculation in Vacant
Lots Looked for This
Spring Real Estate
News.

ones in real estate speculation. Very few
dealers have made any public sales. The
weather has been so bad that sellers
would not offer property for sale " itn
such poor prospects OF lively DIGGING.
Within month. however, selling Will
begin and the indications are that IL VIII
be principally IN the outlying ulscrlcss; ;
President Frank Stevens, or the Real
Estate Trust Company has orders on mana
to dispose of many choice building iots.
and dealers in all parts OF the city say
say that they have numerous orders 10
| place property on the market.
Lots in the Greenville section promise
to be speculated in extensively. Ine
| construction OF the Woodlawn sewer,
| Ocean avenue and other large sewers, the
terection of the new police station anu
the prospects of new fire house sJatlon
affording better protection, ana Jne pros
pect of rapid transit to that pretty su-
burb. have given property big Doom.
Sales in that part of the city have been
| made primo ipally to building and loan
men of late years, but now heavier specu-
| lators are going to try hand at IL.
Property west and south OF Communi-
paw avenue is also in demand. Manu-
| facturers are after those hundred or more
| lots extending below Pacific avenue.
Good offers have been made already Tor
| he lots. but holders will not sell until
| hey see what prices the spring trade Will
| 6ring,
Real estate men predict an unusua
unloading of vacant lots on the markel,
in all parts of the city. Good rental pro-
perty. however, is being clung TO.
Apartment houses on the Heights are
| few and far between, and the demand for
| them is light, Builders do not like them
and are erecting small houses, wnlcn
rent at from $50 TO $50 per month. Inc
demand for this class or houses Is enor-
nous, and rents will probably take a
| jump shortly after the spring trade opens
Transfers.
Yesterdays transfers in real estate
| were:-
Frederick W. Frerich and wife, Meta, to Con
| tractor NJ r. Connolly, lot beginning at easterly
| line of Bloomfield street, Hoboken, at the poln5
| intersecting the easterly line OF Fourteentn
street, extending to the southerly line OF Bloom
| field street so feet, easterly and parallel WIN
| Fourteenth street rs feet. The price paid was
| $4,000.
Simon jacobson and wife to Vincent Rozuk of
New York for SIS, ,000, land and premises on west
side of Henderson street, 81 feee IRON norsn H!do
west corner Of Third street. The plot is 4oXlOo
| and compromises lot and part of 5.
| James Keegan of Harrison to Philip Lowy OF
Newark, lot 45, block l, on Everitt street, near
William Mielke and wife to Fred Mielke for Sl,
| lot 8 on Central avenue, so feet from Manhattan
avenue. .
| New York for $780, lot 144, fronting on south
side of Ann street, West HoboRen -
Master in Chancery James T. Northrop 10
| Paulus Hook Building and Loan Association,
property of NJ. J. Martin, known as LOT 10, piocR
i79 lot 25x10o on Henderson street, 100 feet DIS
| tant from Seventh street The me, properly was
coufiscated for a loan made in 1891.
| Mary E, Judge and husband to Daniel grimm
| for Si lot 81, block 226, on Seventh street lso
feet west from Coles. Joan and Elizabeth oe Board
L n Of pnhn n IL
| %, inclusive in block 1O4, southwest corner Oh
| Adams and Twelfth streets.
Mortgages.
The North West Despatch and Fast Freight
| Line Company, a corporate body of this State,
Yesterday mortgaged its present rolling stock,
| contracts and equipment to the Farrler IS Loan
| and Trust Company Of New York for Sl,ooo,ooo
| The mortgage was issued for the purpose OF pay
| ing L. G. Haynes, Of st. Louis, S2oo, ooo o Ior
| lands acquired from him. The remaining S1oQ,
600 will be spent in increasing the rolling STOCK,
| acquiring new territory and generally extending
| and improving the company's plant me COM
| pany is made up OF Western capitalists whose
| headouarters are in Kansas.
nea Rebecca q. and John 3. TAFT rendered to the
| Provident Institution for Savings a mortgage
| upon land and premises on Montgomery street,
| 11b feet from the northwest corner OF Jersey
| avenue and Montgomery street, for S10, ,o00. me
| mortgage draws per cent. interest, and is pay
| able semi annually. The property is 25xloo
Harry and Lille Rallenberg, for $500, to j. H.
| Van B,1skin lot 1S0x30, on the eastery side of
| Thirty-second street, 410 feet from Avenue e,
| Bayonne. c =.
| charlotte G. Brown Of New York, for the sum of
S4COo, lot 9, block 10, on Adams street, 116 feet
| from Newark street, Hoboken.
Patrick B. Sullivan, mortgaged to K. Adele
| Racine, for $780, 4 lots, l2s and 129 on Charles
/ street.
| The Hudson Trust and Savings Institution OF
| West Hoboken, advanced $4,000 to William
| Buck of Hoboken, on a mortgage, on lot and
| premises. on the southwest corner of Garden and
| Sixth streets The land is $43.2x59.8.
| William NJ Oberfell, mortgaged to Kfngnard
OberfeIl. lot 25x1OO, on Ninth street, 225 feet
west from Henderson street, for 300.
| HD Permits
Building Inspector Kelly yesterday gave the
| at 366 Monmouth street around on its founda-
tion, thus making it face Monmouth street
squarely.