The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-03-18
REAL ESTATE Dull.
Not Many Signs Of a Brisk
Spring Trade Unten-
anted Houses.

ITe OUTLOOK Tor brisk business In the
real estate market this spring is not,
according to dealers, any more encourag-
ing than the law allows. Hill dealers
are trying to make themselves believe
that their usually long rent lists will be
wiped out. They also say that there will
be a stampede for houses on the Hill,
There is. in the minds Of the downtown
dealers, more poetry q truth in the
assertions. of their friends on the Hill.
Downtown dealers expect to do lots OF
selling, and intimate that plenty of bar
gains will be secured by long-headed
spectators. THEY admit that renting
is going to be dull. AS for the statement
Of the Hill dealers regarding the antici-
pated rush for houses, 1t might be well
for them to explain the mad rush" that
is being made, even at this early date,
to secure renewals of leases. The Hill
dealers cannot dispute the fact that they
are mighty glad to secure renewals at
the same rents as last year.
RENEWAL OF LEASES.
There has been such O rush to renew
leases that one conservative Hill deal
er expressed it as his opinion yesterday
that there would be fewer houses ito
LETT on the Hill on May 1 this year than
there were last year by long odds. This
in a way is encouraging, and from what
! can learn is true. The cause is not
because the Hill is SO desirable nor be-
cause of the increased rapid transit &C
commodations. The situation was sized
up very nicely by a Hill dealer, who
r~emarked.- II
A a whole, people haven't the money
to move with,
A deadly remnant of the hard times
prevails. If the dealers were not en-
gagged in securing renewals, there is no
dount that the renting business would
For a week or ten days there was a
decided inclination among dealers to ask
on fSe rents aafsct They hey b %a1ass,v their Ro dfman nd
had in enhancing valuations and increas
ing taxation. 1t was all a bluff. and in
nine out Of every ten instances where
II WOULDN'T WORK.
One case has been brought to my
was after the Increase. Her tenants lis
tended to her very intertly. They were
moments, regretted that she had not
made the increase $500.
She talked for half an hour without in
terruption. and then awaited the verdict.
~,
may put up a bill at once. We
de The T sSarm sns aeas dro ap yau ab ospr fifteen
degrees. The lady argued for an increase
of $50. n 1t was finally agreed upon
with the understanding that she should
to cost about $50. The improvements de-
named by the. tenants will probably cost
s1so or more when completed. The owner
she wished she had let well enough
alone. After the $50 Increase had been
arranged she was so afraid that her
she had her agent call on them daily
until the desired lease had been properly
ign THIS Is given "a, as an Illustration
posed to be in anticipation of the mad
rush" ff HIGH AIIl F PEI I SOUGHT.
There Is a decided movement on the
Hill to ask higher prices this year than
last, particularly between Grand street
and Arlington avenue, on one side, and
ground the effort is founded on is hard
to say.@The demand is not greater than
last year, and the inclination OF buyers
is to go q few hundred dollars under their
The trouble on the Hill is going to be
that dealers expect downtown people to
move, and as a result are putting up the
able, n are asking prices for property
that Is simply running the prospects for
DrlSks CTaQlQS. 49,
Downtown dealers are looking the stu
alton suuarsly in the face, and are talk
ing what they can get. Very little en-
couragement for good business is given.
square, where the most desirable DOWN
town houses are situated, and find nine
or ten of those handsome houses to let.
ihey ref Ho 50F a5s f. 1 81 Ba KS rev.
The Bedle home is not as cheerful
looking as Il used to be. The magnificent
late Supreme Cour Justice Albeit, is
on the market. The house a few doors
below. until recently occupied by Mr..
other, a few DOORS below, formerly oc-
cupied by Mr.. Hugh Mackenzie, is I'M
Rumor has it that DR.. Mcaill may
move, and another ays that the old
Lutkens family contemplates moving to
MIR Mr.. Aieck Mackenzie, who occupie
Gen. Heppenheimer's old home near Bar
row street. has contracted for the erec-
ton Of a magnificent home on Washing
to 81. HfB5g Be s. esMg4 oroposes moving on
the Hill, and building, and so it goes, so
that there will be only about seven
h9 Us iS q ne Hs,F row ytT occupies see. this hon spring are
end. Mr.. James Mackenzie has bought
a beautiful home in West Ei~ghty,nninth
the magnificent home Of Gen; Heppen-
heimer Is closed. 1t is feared by dealers
that the rents around the Park will have
to be lowered or the houses will remain
unoccupie0t
On Wayne street, desirable houses, are
going at reduced rents. Flats have
Sprung up on all Sides of desirable dwell
ings. and consequently rents had to be
'q uNTHENANTED HOUSES PLENTY.
The pretty little houses in Hampton
which heretofore have been well
rented, are, with two exceptions, ur-
tenanted. Varick street. either side Of
Montgomery. has Its share of unoecupied
dwellings. The bottom is out OF the
market. 1t is recovering slowly. but the
real estate dealers generally look for
little activity Town town,
The selling may be fair, but the fact
went under the hammer for s8,525 has
discouraged people. who proposed selling.
That building originally cost more Than
$40, 600, exclusive Of the land. The second
owner spent $4,000 in Improving it, and
ex-Judge Garretson has spent more than
5000 IL improvements. The selling price
was ridiculously low, n Mr.. Simon,
the purchaser, got away with a bargain.
-E