The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-06-12
The Real Estate Situation.

.,. Conditions oDapd ms in It the aqr real estate estate he a% a are gradually ed"aiSt @ assuming min a very favor S.
BUSY summer for real estate brokers a $ well as for investors 1t is claimed
s'% AS shown II IN n THE Ps STARS sTlpua recently enoy s therein there's h UsI been a 0epeqr or n fanjns Of
whe ere 1 the G dep ppreGd ao in local as stGcs and md b0a market !, securities uIlm. has fallen
holdings cal estate holdings have increased in value n all sections Of New
properties In the State in the matter of increased valuation. This is not
present one, always held its Own. Twenty years ago during m Of these de
pessive commercial stages. real estate in Newark did not % below its value
value u' s''O1 i''' ~ "O' =
As o facts: In 1890 ond even later 1t can be remembered that there
were many IDLE and d. % %ernet ar s9r eer@ oa bT The rs srTe9t ff 4at West Vest Park
aged from $1,000 to $500 a year Today there is not a single store vacant or
or ten times the 1890 rentals. To appreciate this more fully it must be
dations it now has. and which will shortly become Inadequate for its COM
Iafd between s@a W %att Park Sm and Market streets while today it has spread ut in
mansions then the prde Of Newarks residential section, are being occupied
:" If such grsat strides have been made in the past few years with nothing
hut the ayerage, manufacturing conditions 9d Nan to h shed it al along ns what Tata must W.. " 3
slider that the committing distance between Newark and the greatest me
Ten minutes; which means that a New York business man can have a pleas
nRssr In hon me in nei ssSas or on on iSs s tn s Manhattan @ssa i a dssA what Ra mus st re 9
US al immense handling II continent al commerce and aus the opening up
IT. S.t a waTnsy sf pf nsw of fn ~ morDd pap prod naons bot hh import t and export sor largest
There is only one drawback that nay affect the coming growth OF New
short period of a year o so It has been characteristic Of Newark Newark to wait
are "gobbnng up" the cream of Newark popsrtt@-in fact III kinds of Newark
we have here. our property owners in the heart of Newark are also a little
properties @ one Which ~his buildings n are erected that should be replaced with mor
= cay With such vast opportunities as Newark has-they must dc Sc in about
the same manner as they would would b bun nd a th sera sooneg al q 9 III ma{. must t. TX t SO
ground ths sooner will the building. building e Do there taws So every Yer , new building ls that hats. is
and the sooner z ws have tn them is n tns 1sasa w %s T w t ee fss to AXE care of
Whether for investment - or % other h r PURPOSES psssb the tbe evi nspsr OF T Ns ssain never never,
eztate sI Investment in Newark arc IS safe as the best government bonds
snoTn, 'sr wtn a Of pf NsTa2 yel In Commenting mSS%S " W the re- Sl s ats a@ml hee s aai
mo n better than "a broke Is aware od What's Tn m being Z done no9d In the, n p G,s
Improve te property and at nee retire from active business; unfortunately,
Content intent st @nds " am nt those who hav the money take advantage Of the
S S@ east IN 30 S9 psr een r" N sTHar for 4 a fact is ignorant Of it's immense mems | gre ae
ness a few years hence"