New-York tribune., 1906-08-12
TRANSIT HELPS JERSEY
LAND VALUES HIGHER.
Nescarb Parcel Increases FiUe Times
iR Fifteen Years.

Much attention bas been attracted 20 the phelon-
enal growth IN population Of the northern counties
az New Jersey as shown by the recent census fig
,,res.' said a prominent New Jersey real estate
operator yesterday. LAS matter Of fact an even
better indication of Jerseys substantial growth is
afforded by rapid rise in the value of real estate
This is most marked throughout the northern coun-
ties and Its explanation is 10 be found in the near
ness OF this section TO New York coupled with ex-
ceptona transportation facilities. both in the way
OF steam roads and troeys OF the latter. northern
New Jersey has a greater proportionate mileage
than any other part OF the country, not even eX-
cepfing Massachusetts.
AS the largest city in this territory Newark af-
6ords some OF the most striking examples An oner
OF $4,000 was made few days ago for a corner
plot ln Broad ST. Newark which was bought
less than fifteen years ago for $1,000. then re-
earded as ridiculously nigh figure Another piece
OF property in Market 81. has advanced IN eight
years from sle0eOo 10 $4,000 by recorded sales
Still another corner. only 24xsO feet fronting IN
Broad St. which sold few months ago for s2oop9
was purchased thirty years ago for less than sOeol
Il has gained value In thirty years at the rate OF
between $500 and ssocO year, although as mat
Ter Of fact the greatest part Of the gain has been
made in the last fifteen years. owing TO improved
transportation facilities.
rrbe-sane conditions hold true of other cities in
the state Take the case OF Jersey City The bus-
ness section as well as the outlying districts nas
shown a great appreciation in values. In Newark
ave. the two blocks between Grove st. and
three years from average Of $3.50 front foot
70 s. SO front foot. In the Bergen section resi-
Dental district lots in Bergen ave, near the
Hudson Boulevard were selling in 1892 al ssco 10 $500
a lot and in the same avenue, from Highland TO
yevgett aves., at from sl.2eO to $500 a lot Al
present lots this whole tract are selling at from
5000 10 $50 lot. On the west side Of the boue-
ward lots could be secured in 1892 at from SOD to
$500 each Now these lots average from secO TO
1850 each.
Acco-5sn, "a F-dlovv " Harrison the builder Of
the boulevard, there has been an increase from 800
20 200 per cent values since lsSf on property from
the edge of the meadows 20 the ooulevaro- ne
ascribes this phenomenal increase largely TO the
great development in the trolley system that mas
taken place in that period. calling attention to the
fact that al that time there was no trolley TO
Newark.
The growth in transportation facilities, particu-
lary in the construction Of trolley lines was also
enumerated as an important factor in the causes
Of Jersey City's growth by Walter c. Muirhead
secretary Of the Board of Trade Of Jersey City.
Entire sections have been opened up by the ex-
tension of trolley lines" said MT. Muirhead The
trolley companies now extending their lines
everywhere. and communication Is afforded between
distrid as we'll as with New York The progress
OF the metropolis is everywhere bringing a golden
The volume Of business transacted in the local
real estate market last week was small: Two og
One of them the sale by Gilsey Havemeyer
through Strong a. Cadwalader as attorneys. OF Nos
q and % Beaver together with Nos. IS. 60 and
plot The area of the plot is about 10000 square
feet The buyer is syndicate NEEDED ny IeGTgIe T,I
plot has been in the CadWalader family for about
Waiader 1q'f Homestead. The pFoperty is within few
feet Of the southeast corner OF broadway ana
VIII erect home for itself II is also directly
rors q s5s s Se eeaG Bank N0t me
pany. on whics s'ill be erected building for its
s1sfqSiss af Nos g sif Beaver St the Stock quotation
ing the lower |soor of which viii be occupied by
that company its central Office
City Investing Company OF the Union Dime Saw
ms Bank % ProPeTy at d st. anG mo- f b Sr
west corner Of Goth ST and 9Th ave. On which II
The Maple Realty Company sold its plot At the
north corner OF 95th st. and Riverside Drive. The
5.725 feet on the street. II IS said that twelve
story elevator apartment house Will be erected on
The Century Realty Company bought from Ralph
a. kellogg No. l05 TO III West 9th ST. iour fve
story brick buildings. on plot 29x9s9 feet. Il ad-
joins the parcel at the n.TtaTesL corner 1 o. SOIa
The Scarnegie Trust Company leased from the
plans the basement first ami second floors o: the
new Boreel Building, being erected on the PREMISES
The estate Of Leonard LewissOhn scld Nos So
gs % On FSR plot s 4 sS SIX e stone front
Watkins & Co sold for Henry {. strohnlan 70
story freproof apartment house. No 1913 West iO4th
The Ernestus Quick Company sold the Way farm.
in Flushing ave near Highland ave, Jamaica It
comprises tiTty-one acres and is on the main road
between Jamaica and Flushing. The purchase
was made by a Connecticut syndicate, which will
improve the property
Horace s Ely & Co. sold for Mrs Sarah r
Gardner Of siXty-nine fronting in the
Willow Brook Road and Richmond Turnpike in
the former town Of Mortified, Staten Island. to
Wood Harmon & Co
The New York and Pittsburg Real Estate Com
pany bOught seven Hollis, adjoining
SIS Hollis Terrace Development Company land.
-Four farms originally belonged to the Lott estate.
the J. Haywood. J. D. Debevoise and w. Horn
farms. The lands purchased from William
Geurges. OF PHILADELPHIA. for $3.50. 600.