New-York tribune., 1907-10-20
JERSEY CITY TRADING
FOR HOUSFS
Sum IHUeSted in Factories M.
than $3.50 100000

In one year the assessed valuation Of Jsrss =
Weehawl'en North Bergen, West New Yor,s ia cA
tenburg. Harrison, Bayonue. East Newar- sct
town of Union has increased from s2eS soO -. Ne
S467.142.253. Though this stupendous $40 t, %
largely due to tax appraisers now assess,, = .
erty at nearly its fun value instead OF On p'OF
of about so per cent of its market worth :, U@sa
| theless indicates big rise in values in ~
throughout the districts according 10 MANY Ia,.
New Jersey brokers Provided the tax aa.-s
pursue similar methods of appraisin- pro-a .--s
comparative tables of values next wear sboI.' ~
| highly interesting reading. as the New , -4s
| reality boom which is now well under vr,, - ~'
pected to exceed in size late in the e,-t-- Il
| previous movement OF its kind any
| 1t Is well knoyn fact that the characts- -,
| volume of Manhattan projects affect 80 = & s1a
the operations of brokers and investors as.I,- 's
! New Jersey or in Long Island proUerrv IS "a
/ general tone OF the local market has -, y
/ there ought TO follow quickly larger ,s. ,o'el
private deals in Jersey City property. L.. 20 "
4 Is now especially attractive to scores ~ ~, ~
/ operators and investors because it has bee, -
/ manently welded % Manhattan Island T. =
/ McAdoo and Pennsylvania tunnels. and -. -
because the cost Of land there is ridic1Io,,sl r.,
/ in comparison to Manhattln and Rrorv y
/ Still another fact which has attracted tba -.
tion Of many local operators to Jersey cf ,-. ''-
It's demand for dwelling and hathouses * ,-1I --
| greater than the supply. 'l
Nlltu dShet yesterday about he
situation in Jersey City. Frank Stevens 49," -
| of the Board of Real Estate Brokers - -r--s' 1
City and Vicinity. said; In the Jersey EJs-h.5
ton. which is an attractive residential 7isr-,.. -
| supply of houses is not anywhere near o. =
| mand- Houses there built TO sell for 1ass -,
| sS.O00 find a quick market To persons vr5, ~ --1l
live far from the ferries owing IN b,1sf 80.
| other reasons. the Van Worst and Hsr,fro, a.
tricts and certain parts OF the Grand s-ras+ =.
ton are especially inviting residential nlaoa,
II is not difficult task TO rent the better class =,
| houses in those sections.
Jersey City has few big operators and investors
and It's number Of spectators was small until n
| few years ago, when some Hebrews became prorr
inent IN the trading here Since then the nurobs-
| of Hebrew spectators has been considerably anq
mented There Is n steady inquiry for prouertv NJ
all kinds in the old sections OF the city II is nv
firm belief that il il is possible when the McAdoo
tunnels are tn operation 20 make the journey be-
tween the older business sections OF this city and
New York there Will not only be big increase in
values in those older business sections but per
/ uanent upward trend oS values
! a pamphlet setting forth some OF the advantages
OF living in Jersey City was Issued some months
| ago by the Board Of Trade OF Jersey City. Ac
/ cordlug 20 that pamphlet, some Of the realty at
fractions OF the city are its proximity 70 and fEs
/ class ferry communications with New York; rail-
/ road communications with all parts OF the COZ
/ tinent afo-d.ns @ Caoice 0s competing routes n
\ the shipment and delivery of goods. is posi-
/ ton on the Hudson River and New York Bay az
/ feriug Il choice OF water communication 70 all
| parts OF the world; low rents. reasonable taxes
we'll paved streets. an abundant supply OF water
| and a sewer system which ehectuaily drains all rs
| sections: firsr-Class school accou}Hlodatons tar
| the children and an abundant supply OF labor.
skilled I'm all The various lines OF modern Industry
Il also SAYS that the city has about completed is
s. 600 GOO water supply. This new plant IS cacl-
lated for 100000 gallon daily supply capable OF
enlargement TO 70.OJ0C10 but tr7m very recent
gauslngs OF the various fow-offs the city has 4
watershed 20 draw from capable of supplying IL
60e10 gallons daily
The pamphlet further says that the cN eas
forty-four public schools, including the new nsa
school. the total value OF all public school pIoa-
ertv being S25 0to0l0: Cwenty-twO private an
parochiaI schools. four theatres, many CLUBS ol'
church for every 1850 OF population. eight palAs
ana a boulevard 100 feet wide and eighteen nA7s
| in length inclusive OF loop. rr-s-ss.ns Huds'a
County from north 10 south. There Is a total q
col 945 miles of streets and avenues in Jersey CY'
OF which there are 2204 miles Of asphalt 762 nss
| OF belgian blocks. 1LS3 miles OF macadaH- -
| miles OF granite -194 mile g brick 2+54 mics
| partly improved and 59-55 miles wholly uHiHr
| proved.
| The city has 1090 m1nufacturnE plants, repre-
| senting an Investment OF S1-oS165'5- The amount
paid yearly 10 factory employees IS SAID 90 5e aool1
| S1.OOO01J. the total yearly cost If material usea
( In manufactures, $.S-SSLt9I and the total yeAT
! value of products. including custom work. Nl1-
| 42l.sI5. The city has large police and hrs d.
/ partments. It also has electric trolley service
/ reaching all parts OF the city with connections %
! all the cities of the county, and tHrough Inc
/ 10 Newark Elizabeth, New Brunswick. Trenton
| and Philadelphia There is also a couplets system
/ Of gas and electric lighting and efficient tsis
I phone service.