The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-05-27
REAL ESTATE NEWS.
Desirable Property for Sale by
Frank Stevens-Good Bar
gains for Purchasers.

On June 25 Pre- sident Frank Stevens Will
conduct one of the largest sales OF prop
erty in this city on record. de Will
expose for sale, without regar to value.
in the ~neighborhcod of three hundred
lots. OF this number many are Improved
and some unimproyed. The properly
represents the famous Coles estate, and
is being sold now for division under a
partition order Of the Court CT Chanc-
cry. AS a whole, the property Is de-
sirable and no doubt exists in the minds
of real estate dealers generally but that
Mr.. Stevens will get the full market
value Of every lot that he sells. The
lots are so many in number and scat
tered about - such a manner that It
has been decided to hold the sale in
st. MichaeTs Hall. The property is to
be well and judiciously advertised, and
in order to allow every bidder to know
just what he is ouying, it's location, i'm
proyements or desirability, diagrams will
be distributed on the day of the sale
howing the exact location of each lot.
Diagrams will also be mailed to we'll
known SPECTATORS, many of whom hav-
ing got vino of the sale are arranging
to capture bargains that are sure to be
offered.
LOCATION OF THE PROPERTY.
The property lies from Fourth street
north to Nineteenth street, between
Brunswick and Henderson streets. Per-
sons familiar with the northern section
know that building lots are scarce up
that way, and further, know that prices
nave been gaining steadily since last
fall. All that property reaching over as
far as Hoboken has an enormous value
for factory sites. Shrewd real estate
spectators know his, and a lively seram-
Bile for lots is looked for and may be
expected.
The extension of Jersey avenue, the
opening, grading and curbing of Thir-
teenth and Seventeenth streets to the
Hill, offering a much needed direct COM
munication, all go toward making the
land in that locality a good investment
at this time. For tenement property
it cannot be beaten in any section of
the city. and the location of several
factories north of the Erie Railroad
tracks is regarded as proof positive that
much of the now u~noccupied land Will
soon be covered with manufacturing
plants. Going south of the Erie Rail
road tracks MIR. Stevens will offer lots
on Fourth, Fifth, Sixth, Seventh, Eighth
and Ninth streets for sale. With one
exception these streets are We'll paved,
| severed and have water mains and gas.
asphalt. There will be lots on Provost,
Henderson, Grove, Erie, Coles, Mon
mouth, Division and Brunswick streets
sold without reserve: Residents of all
these streets say that for residences they
are desirable thoroughfares. Owners OF
property will also tell you and prove, If
necessary, that their buildings are pay
ing a healthy percentage.
CHOICE LOTS TO GO.
Choice lots on West Hamilton place
will go under the hammer. There will
be a scramble fer them beyond all
aPo aIoa,s On sys Jersey los ayer Mifl and n 5 al50 S on
What they will bring IS now causing
much speculation. On Tenth, Eleventh,
Twelfth, Thirteenth, Fourteenth, Fiji
teenth, Sixteenth, Seventeenth, Eigh-
tenth and Nineteenth streets lots will
be sold. In fact the property practically
Property owners in the neighborhood
| are watching the arrangements for the
sale with eagerness, believing that an
opportunity will never again be afforded
respect property. in that locality stands.
Many believe that the result will be
gratifying, knowing that Mr.. Stevens will
not sacrifice a foot of land ii IT is pos
sible fer hin to avoid doing SO. There
is every reason why fair prices should
to be no reason why bargains should NO
be procured and why home seekers and
investors should not profit by the sale.
The locality is a progressive enc. Many
der way and many applications are on
file for more. Realty surrounding the
property held by the Coles estate is
certainly advancing in valuation and de-
STABILITY. Further particulars concern
ing the property to be offered will be