The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-10-15
REAL ESTATE NEWS.
0eto ber's Report of the Market
Encouraging : Sales Last
Week and This.

There was considerable activity in the
real estate market last week. For the
first week in October public sales to the
amount of S175, 900 were reported, an
encouraging report particularly when
one considers that private transfers to
about the same amount were recorded
at the Registers office. The greatest
sale of the week was the one conducted
by President Frank Stevens of the Real
Estate Trusts Company, at Eldorado.
The sales there on one afternoon, and
a very disagreeable, rainy one at that,
amounted to $125,0O0.
The News has from time to time
called attention to Palisade property.
There is plenty there for sale, and where
can more desirable property for resi-
dences be found? 1t possesses all of the
beauty ofEthe Palisades further up the
river, and, being within easy communi-
cation, should be more valuable. The
am braeing air which is sought after
further up the river is found there.
Drainage could not be better, and pure
water in and about the Weehawken
Heights is eadily obtainable. The rapid
extension of the trolley system, increas-
ed ferry facilities, have all tended TO
enhance valuations there. NotWithStand-
ing all these inducements, home seek
ers4 remained at home and allowed all
of5ythe choice Eldorado property, which
commands an unobstructed view of the
harbor, New York, this city and Hobo
ken to pass into the hands of specula-
tors, who realize hat at no late day
it will command high prices.
SPECTATORS GET ALL.
1 learned from a reliable source that
nearly every tract sold went to specu-
lators, who have no intention of build
tho hrtfHWhn in the SnrjDp will Mace
For Sale signs on their holdings.
Then home seekers, admirers of beau
tiful scenery, fresh air and pure water
will have it forcibly impressed upon
opportunity to glide by: While they
slept, spectators were about, and 1t is
probable will double their Investment be-
fore 1896 has passed.
The SEE, 600 secured by Mr.. Stevens
was entirely satisfactory to every one
Interested in the sale. Every one ac-
knowledges that had the spectators
kept their hands off, several thousand
Another sale of eighteen pieces OF
property took place last week. The auc-
tioneer disposed of the lot for S29,OO0.
OF this $28,0 600 was paid for two pieces,
Consisting of four-story brick flats
on Pavonia avenue. While the prices
obtained satisfied, it is said, the own
ers, they were not considered to repre-
sent more than two-thirds of the true
value of the property by real estate
men. The same auctioneer disposed OF
Six houses on Park street, at an average
of $1,000 each.
There is a wholesome demand for good
property, but spectators are gobbling
up all that is worth having. This fact
alone should convince prospective buyers
hat Jersey City property is all right to
carry. Improved property is paying
about Z per cent.
This week there will be some choice
pieces on the market, and in all prob
ability the weeks sales will double
what was recorded last week. To be-
this afternoon the two-story attic and
cellar, with extension, private residence,
at No. IS Henri street. The lot Is
5Ox10O, and is situated a few feet west
CHEAP PROPERTY.
A down town auctioneer this after
noon sells the property on the north
westerly corner of Henderson and Bay
streets.
James Riley, the Grove street opera
tor, will today sell the two four-story
and cellar brick houses on the corner
of Jersey avenue and Fifth street. On
Estate Trusts Company sells sixty choice
building lots, one frame dwelling n
plot, situated on West First, Second
and Third streets, Humphreys, Garret-
Donald's and the Shore House, Bayonne.
The sale takes place on the premises,
rain or shin This is an excellent OPP
p~ortunity to secure a pretty home site
cheap.
sell the three-story, with store and eel
lar, brick house at No. $50 Henderson
street. The sale takes place at w
o'ciock. This property is on the north
west corner of Morgan street At the
joining the first described property, will
be sold. The auctioneers ask only
s.. 900 cash. The remainder may go on
a bond and mortgage at 5 per cent.
On Wednesday Nos. rs and IS Orient
avenue go under the hammer, also Nos.
Is. n. 70 and 1917 Orient avenue.
On the same day James Riley sells
the two-story and basement house at
Oakland avenue and Fleet street, This
in the rear of the premises. On Thurs
day j. E. Van Wrinkle sells twelve houses
and fifteen lots, located on Summit ave
nye. Bevans and Hicks streets, Van
Wrinkle, Germania and Tonnele avenues
north of Newark avenue and west of
summit avenue. The week will close
with the sale of the Jersey City Athletic
Club property.