Bridgeton pioneer., 1896-01-02
REAL ESTATE DEALS.
During the Past Few Days---Prop-
erty Brings Big Money,

several Important Changes In Real Estate
During the Past Few Days---Prop-
erty Brings Big Money.
During the past few days there have
been several real estate deals in this CITY.
and among the most important is the
transfer of the Hohenstatt Hotel property.
This big deal was consummated Saturday
morning, and unless something unforeseen
occurs the deed is likely to pass on We'd
nesday OF this week, and with the first
day OF the new year Christian F. Krauter
will become the owner of the entire
hote, estate. 1t is understood that the
purchase price was $4,000. In exchange
the old Daley property at the corner of
Cedar and Bank streets, which has for
sometime been owned by Klauter, will go
TO Mrs. Hohenstatt as $1,000 ofthe purchase
money. A PIONEER reporter interviewed
Mr.. krauter on the deal on Saturday. but
he preferred to have little to say until
after the deed was passed. 1t has been
known for some time that syndicate
has been negotiating for the property
with the idea of establishing an Opera
House, but there was some disagreement
and now Mr.. Krauter has become the
sole purchaser. Mr.. Krauter said Satur-
day that some members of the first syndi-
cate were now ready to come in the deal.
but he would do nothing until after he
received the deed.
From another source the report comes
that Mr.. Krauter may establish a couple
OF stores under the hotel, and rent out the
second and third stories as a first class
boarding house to a well known hotel
keeper here.
A few days previous to this deal, Mr..
krauter made an exchange with Paul
Williams, of the Cohansey Glass Com
fany's office, whereby Mr.. Williams be-.
cones the owner of the north half of the
fffSnew double house on Atlantic street.
recently built by Mr.. Krauter. 1t is one
of the finest residences in the city.
Saturday afternoon there was big
crowd of real estate men at the Court
House to see some property sold at pub
lie yendue. Sheriff Shinn had two pieces
advertised, one in Vineland, and the
other The wharf and planning mill prop
erty o. James Edwards. The latter sale
was adjourned for one week.
The other property in the Sheriff,s
hands vas the Vineland Post office prop
erty, Ine building and site on Landis
avenue: The property began at $500,
Mr.. VIM. A. Logue making the bid for
the complainants. Charles E. Sheppard
for Ellison Elmer carried the property
along to something over 5000, when
Henry S. Alvord came in with bid for
another party. Mr.. Logue continued to
bid until he had reached SS0CO, and Mr..
Alvord finally purchased it for SSO25, and
his client, Mrs. Mary Hawkins Bird, of
Maine, became the owner
This was considered big price, and
shows that real estate is not declining
any just now. 1t is understood that the
property rents for $40 per annum.
Then Joseph H. Powell and Charles
Ackley, administrators of the estate of
the late Jeremiah S. Sneathen, offered the
Bank st. property for sale. The lot has
| front OF 66 feet. 1t was started at $1,000
by John Mcpherson, and quickly ran up
until $500 was reached, when it was
knocked off to Mr.. Mcpherson. The
| other bidders were Postmaster Laning
and John F. Meyers, the wall paper
dealer.
The price obtained is good, especially
at this time. The house is of no conse-
quence at all, and the money paid is vir-
tually for the lot, which makes it nearly
S3S per foot.