The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-02-10
7HAT STORY PARTITION
Where the Land Lies
Sketch of the Estate
All for Sale.

immense RuIuS story estate, In Bayonne,
as told exclusively In yesterdays JERSEY
CITY NEWS, caused real estate men con-
siderable surprise. 1t has resulted In a
grand hustle being made to secure con-
troll of the property of the respective
beneficiaries. Not only does the par
tioning of this property give real
estate men an opportunity to
add to the strength Of their
bank accounts, but it opens an
immense field for specul alton. The
partitioning Of the Story estate. throws
upon the real estate market more than q
million dollars worth of property. The
holders, it is understood, are willing to
sell. and will begin operations In the
spring. The property is in most part un-
improved, owing, particularly to the fact
that the heirs would not consent to hay
Ing the estate sold out entirely.
CHOICE LAND
The property left by Rufus Story to his
heirs comprises some of the finest land in
Bayonne, and since he acquired it, 1t has
more than doubled in value. Rufus Story
was an unusually successful coffee and
spice merchant. He died on the
sixth day of October, 1877, and at
that time was reputed to be worth nearly
million and half dollars. He invested
his earnings in Bayonne real estate and
acquired most of his property in small
lots. The old Story hom estead stood
on Newark Bay and was one of the most
notable propertys In the viclnity, except.
perhaps, the Latourette House.
In December, 1877. his last will and
testament was filed in the Prerogatiye
Court of the State. Outside OF few
minor legacies, he made in his will two
trusts. The first gave to to the executors
for the heirs that right to dispose Of such
property as was In their discretion nec-
cessary. The second made four shares.
his daughters, who are now Mrs Mary
Palmer, Mrs. Charles C. Marshall,
Mrs. Alice Rowland. and Mrs. Emily L.
Paret. His widow was to receive the in
come of 100000. Mrs. Palmer with
view of having the estate divided, took
the matter into the courts and tine di-
vision, as told in the NEWS yesterday,
was the result. The division, which
was confirmed by the courE, was made
by com mission consisting of William
Muirheid, deceased. Emmett Smith and
John Newman.
WHERE THE LAND IS.
Some of the most variable tracts of
land. which have been divided amongst
the heirs and which are now on the real
estate market are:-
All those lots included in the block 'front.'
ing on Avenve E. between Twenty-ssc-
ond and Twenty third streets.
Half block between Twentv-thfrd aud
Twenry-fourth and Twenty-hfth streets.
Between Avenues A and B. the block
bounded by Fourteenth aud Fifteenth
and half of the block between Fifteenth
and Sixteenth streets.
Between Avenues B and G, block be-
tween Fourteenth and Fifteenth aud one
half of the block between Fitteenth and
Sixteenth streets.
tween Fourteenth and Sixteenth streets.
Between avenues D and E, two entire
blocks lying between Twelfth and Four
teenth streets.
Between the same avenues, the block
between Elizabeth and Twelfth streets
fronting the Central Railroad Company
tracks.
The entire block fronting on the Kill
Won Kull between West First and Sec
ond streets hes also been divided.
READY TO SELL.
Until the estate was divided the heirs
did not seem inclined to sell, but now
that their portions have been given them
they are ready to sell at fair prices. The
unloading of million dollars worth of
desirable property on the market at such
time is another indication of the fact
that movements In real estate this spring
will be lively.
The Story property is such as is desir-
able for manufacturing purpose. save the
half dozen blocks which have frontage Oh
Avenue E. Real estate men are anxious
to see what prices the property will bring
for residential purposes. Several tracts
of the land is now being negotiated for,
and the outlook is that building in Bay
onne Will be given big boom.
Real Estate Notes.
The establishment of larger paid Fire De-
partment in this city would result in reduction
Of insurance rates. This would affect rents
trle and would also encourage building.
Thursday next, in Chancery Chambers, Presi-
dent Frank Stevens will sell the property and
premises, Nos. io7 and 100 Morris street, No. 2o9
Grand street and No. 81 Montgomery street /.
Lively bidding is anticipated for such desirable
property.
Real Estate Agent Cannon is puzzled over the
small demand for fat houses. The demand is
not as heavy as it was last year for this class of
house. Houses rang ing in cost from $4,000 70
$4,000 are being sought after every day. Real
Mccarthy is renting whole houses on lower York
street for $50 per month.
Warren & Nugent, Emmons & Co., F. c. VOL
bert and President Stevens of the Real Estate
Trust Co., are arranging for sales oil some fine
pieces of property during the latter part of this
month.
Thomas j. Stewart is making an addition to
Transfers.
Phoebe F. Magic to David Magic for 81, lots II,
ID, IS and is in block No. at Arlington and Car
teret avenues.
Charles A. Lewis to Francis Joseph Gfroherer
for S675 lot 25x125 feet, beginning at the easteriy
line of Clerk street 525 feet from the northerly
line of Carteret avenue.
Thomas Mickens to Hermann Schmidt for
$1s,5oo. property aos feet from northwestern
boken.
John Bunger to John j. Mara for 81, lot Z.
block s, on southerly side Fulton avenue and
Van Cleef street.
John J. Mara to Lizzie Bunger for 81, above
described property.
Jacob Hilzelberker of Utica, to Frederick W.
Hill for $50, lots 1S6 and 7S7 in block &C. on the
southerly side Of Franklin street. and lots 1885
and ,96f in block Q, on Bergen Road.
Henry F. Child Of Brooklyn, to Christina
Shambach for 81, 900, lot rs K 60, being part of
lot Q, block 8, on the easterly side of New York
avenue.
lot S5 rs K 100 feet fronting easterly side of
Palsade avenue, between Franklin and Jersey
streets.
Mary and Linda Noll to Gorge Kauper for
$500, double three story frame bnilding op the
from the northea sterly line of High Point ave-
George Kauper to Mary Hall, above described
property for S., SEQ, Barbara and Henry Dorm to
Charles R. Burger for $4,000, lots 10 and 20 in
block 704, on the northeasterly side of Clare
mont avenue, 44S feet distant from Bergen
avenue.
Hannah c. Cadmus, ct al, executors, ETC., to
Hannah c. Cadmus, executors deed, lot and
premises in Bayonne on northeasterly side of
West Twenty seventh street, 1So feet north
westerly from Avenue D.
W. H. Tell to Charles Budine, of New York,