Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-06-14
REALTY DEALS IN
CRAWFORD PLACE
NJ -
Sharp Competition to Obtain
x Property Now Fast lncreas-
8 ing in Value.
WHAT EXTENSION MEANS
INSTANTLY RECOGNIZED
Property at Washington and
.. CanafieId Streets Leased
for Long Term.

Since the Board of Works deter
mined TO extend Branford place To
High street numerous real estate OBJ
orators have INDUCED in some Lively
competition TO acquire property along
the line of the street which win be
Improved. 1t is apparent that when
the thoroughfare is cut through 70
High street Branford place will be-
come one of the most important
streets in the city. Ii will be used
BY vehicular traffic to avoid the con-
gestion in Market street, and the rea;
estate dealers scramble for property.
In that section is one of the sures,
signs that the land along the line
OF Improvement win increase greatly
In value with the street extension.
The latest deal reported in prop
erty in this section is the lease o.
the property at the southeast corner
- " -s4lliiiits tou and Gamfieid streets
10 the New Jersey Suburbs Company
FOR a long term Of years. with the
privilege Of purchase. The company
leased the property from Mrs Rose
Wolff through the real estate concern
of ]. L. E'eibleman & Co. of 1856 Broad
street
The property is ninety feet wiGe
and rs leeL III length. Several built
ings and a moving picture thestr
now occupy the site. The property
viii be improved by the New Jersey
suburbs Company, but to what extent
has not been decided, as the lessees
intend to wait until the street Is
opened and observe developments.
Later it will be determined whether
the present buildings will be improved
or these structures torn down to make
s room for large new building.
II Another important lease which has
= just been contracted for through j.
e l.. Feibleman & Co. is that of the
Is Lenox Apartment Hotel, at % Central
- avenue from the Fairchild- Baldwin
ndCompany to Victor Jacoby. The lat
slter who was formerly manager of
isJacobys restaurant in this city, has
sStaxen a long lease on the hotel and
when extensive alterations have been
completed will be in position to con-
duct q modern hosiery. Mr.. Jacoby
was also former manager of the
Beach View House at Bradley Beach,
n. }. The owners of the property arc
IenONdLlI1R The LtllOA lAOlH NtiAdA ~
attic, and when alterations are com
pleted every room will have bath
attached and all modern conveniences.
1.-The hotel will probably be opened
nv the new lessee in the latter part of
August.
The firm of J. l.. Feibleman & Co.
seport the following recent sales: The
soithwest corner of Main and Sterl-
ing streets, East Orange, size 62126S,
comprising stores and ten apartments, \
so-a local realty company. 1t is the
Intention of the new owners to build
u large apartment house, with stores
on the ground floor. on this property.
consideration. s35, 900. William c.
Fielder purchased the twelve-famiiy
house at Nos. 3-5 Beacon street from
Charles Friedman, size of plot 5QXloO,
price 81. 500 The sale of three one
family houses, Nos. 402 404 and 406
Lincoln avenue and 9S Parkway West,
Halcyon Park, to Mrs. Mary Steele.
Plot of ground 150x150 on Bowdoin
street. near Prospect, to Frederick II.
smith. ir To Adelbert Warman Tor
y p. Rohn, 400 Warren street, size
esSloO: "A First street TO JACOB
Shahrazarian, Of Summit. \. j. Tor
the Enterprise Realty Company. con-
eideration being in the neighborhood
of $1,000; u. "A and 16 Hunter street
10 Nathan Levy for Messrs. Drey-
fuss and Herzfeld, Consideration being
about 81, 600 81 New street for Mrs
Manley size of plot being about 2OXso'
consideration $1,000
local real estate dealers declare
tive present season is one OF the dull
egt Of the year in the real estate
market. Few transactions of I'M
tf,rtance have been made during the
last few weeks. The buyers and
sellers have been resting on their
cars as one real estate dealer said
The idea that the recent decline in
ne market value of stocks has any
thing TO do with the present lack
Of dealing in the real estate market
Is absurd. declared Seigfried Lesch-
zlaer. real estate operator at 776
.oad street. Alr. Leschziner asserts
VA the stock market conditions
have no effect on the real estate
operations in Newark and suburban
t1wns. He adds, however, that a
nanber of large improvements in
local real estate could be made if
the banking-houses were more liberal
IN their loans.