The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-01-31
REAL ESTATE NEWS.
Second Day Of President
Stevens Great Sale Of City
Property-Big Bargains
for Investors.

Yesterdays big sale of property owned
by the city, under the auspices of Alder
men Dohrmann. Mitchell and Day, the
Finance Committee of the Board OF AID
| ermen, was a success in every particular.
1t is conceded by everyone that the work
done by President Frank Stevens, OF the
Real Estate Trusts Company, was re-
m~arkable.. His auctioneering ability was
never better demonstrated. OF the l9t
parcels offered Mr.. Stevens succeeded
in getting very near the full values. The
property as a whole was not desirable,
and in these hard times 1t is not an easy
matter to get rid of poor real estate.
Not a parcel offered had to be bought
in again by the city.
The amount realized is not known as
yet, but Comptroller Hough is authority
for the statement that it will perhaps
cover the amount of the city's original
claim on each piece, as adjusted. Some
of the property had been assessed ridicul-
ously high, consequently making the
city's claim more than the land was
really worth. Some of the property has
been carried by the city for years. 1t
was practically impossible to get the
amount of the city's claim for some OF
the lots. 1t is said that the city will
lose only the interest on the money which
| would nave accrued had the taxes been
paid at the proper time. 1t is an item Of
a few thousand dollars, but it is not re-
garded as a loss by the Mayor and the
| other city officials, who believe that the
| returns of the property to individuals
thus bringing into assessment : will be
more beneficial than the possession of the
cn.0a Had Inst iptaract Tho nr0nartU If
| retained by the city. would never be
improved. while nine out of every ten
purchasers will no doubt improve the
lots by building or in some other way
enhance their value.
In addition to the sales which were
published in last nights Jersey City
News" the following were made later
in the day
Lot IL, in Block 593, 25x1oO feet. front
ing on Van Horne street, backed by the
Norris Canal, started at s.. 1t is-a mea-
dow lot and practically useless. 1t sold
for SIG, the purchaser taking lots Is, IA,
Is, 16, II, IS. IS, 20, 25, 26, q, and %. His
name is g.. W. Rogers.
Lot 90, in the same block, fronting or
| Carteret avenue, was offered, with the
privilege of lots 80 and 81. They are all
meadow lots. A bid of $40 started the
music, and it stopped there, the purchaser
taking all three.
Lot %, in the same block, on the corner
of Carteret avenue and Van Horne street,
went to G. w. Rogers for s55.
Lot 80, Block 5l7, 25x1Go, with a one
story stable. on the s~outherly side Of
| Communipaw avenue. between Sackett
street and Seidler street. which vas sold
at the, last sale for s1,200, but was no.
taken, was started at only $500 and sold
for $685. to an unknown bidder.
Lot u, Block S27, facing Fourteenth
street on the north side. between Jersey
| avenue and Coles street, brought ont
lively competition. 1t started at S2o ana
sold for 500.
street, between Coles and Monmouth
| street, with the privilege of lots II, IL and
IA, started at SIC each, and sold at S6
each to M. T.. Connolly.
Lots 80. 81 and 81, in the same block,
facing Eighteenth street, started on q
bid of SO each from H. Y. Condict, and
sold for $21 TO that gentleman.
Lots 5 and 6, in the same block faclng
Coles street. were next on the list. The
selling price was $50 each:
Plot A, in the same block, facing Eight
zenith street, brought $26. from H. v.
Lot 1B. in Block 1926, on the southeast
corner of Jackson avenue and Stegman
street, a block in the rear OF DWisns
of s25 was made and run up in short
ORDER to SIS. It sold for sl6o.
BARGAINS HERE.
Lot SO, in Block 800, facing Seventeenth
street, between Jersey avenue and Coles
street, was offered next, with the privi-
lege of taking lots 81. 80. 20, and CSC.
Contractor Thomas Harrington took the
whole lot at $50 each.
Lots II. 2s and &c were next offered.
They sold for $50 each to President Jones
Of the Board OF Finance.
Lot 2GG, with lots 81, e and 23G in the
same block, facing Coles street, between
Sixteenth and Seventeenth streets, sold
for s27 each to Fl. Y. Condict.
Lot 2fC, 25x100, in the same block, on
the corner of Coles and Seventeenth
street, started at $40 and sold for sS1 to
Alderman Dohrinann.
Lot sI7G. on the corner of Coles and
Sixteenth stre cts. in Block 329, brought
an offer of $50 from Contractor Thomas
Harrington. 1t finally sold for s65 to Mr..
Lot 6, in the came block, facing Jersey
avenue, between Sixteenth and Seven
teenth streets. was offered, with the
privilege Of taking lots 5, 4 and 8. The
selling price was $255 each to an I'M
known purchaser.
Lot C, 25x1oe feet, in Block AT, facing
the northerly side of Seventh street, be-
tween Division and Brunswick streets,
started at $50 and within two minutes
was at $3.50. There are houses either side
of the lot and it is a desirable one, be-
cause of the improvements of the street.
1t sold for 1855.
Lots 16, n, Is. 10, 20, 81 and %, in Block
655. or Bogart avenue, south of st.
Paul's avenue, were started at SIS and
BoTGHT BY AN UNKNowN.
Lots i, 2, 3, 4, 8, 6 and Z, in Block $50,
facing Bogart avenue started like the
unknown buyer.
Lots /, 2. 5, 4, S, 6, Z and 8, in Block 657,
{, facing Halsey avenue. brought S1450 from
an admirer of Hackensack River scenery.
Lots IS, is, 20, p, p, and % in the same
block, facing Chalette avenue. sold for
the. Finance Bo9rd. Lot g., in block .92.
avenue, between Ma Tory and West Side
avenues, brought only $106, from a
Lot 1B in Block 1913, on the northeast
corner of jackson venue and Stegman
street sold for $e6.
A VALUABLE PURCHASE
A gore designated as lot 24E, facing
Sixteenth street, in Block 1928, betwcen
Jersey avensle and Coles street, started
at 81. A creek runs through it. rendering
It almost valueless. Mr.. Stevens de-
scription of what a summer residence if
would make brought $40 for it from NJ,
r. Connolly.
teeth street b brought SIS from n. /.
Connolly, who believes thai property
north Of the Erie Railroad tracts. in
the swamps, will be valuable some day.
Lots S and 4 In the same block, fac
ing Jersey avenue, between Fifteenth
and Sixteenth streets, started at $50 and
! sold for $265 each to NJ. 7. Connolly.
- 10 PIonlt Rop1L 10 about dN faa4