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The Central New Jersey Home News from New Brunswick, New Jersey • 19

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New Brunswick, New Jersey
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19
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Real Estate News Gardening Information Jtuntrau "times 19 NEW BRUNSWICK, N. SUNDAY, AUGUST 17, 1952. Broker Says Raritan Valley Leads U.S. in Construction Builder Purchases 145 Acres; Maps County's Gains If You Plan to Buy a House, Inspect It and Visit Neighbors Tract to Be Used for Housing Frank P. Tufaro, Developer of Stephenville, Has Bought Raritan Township Property Which Will Be Used for High-Priced Homes pany.

Mr. Tufaro is president of hivai I Terra-Nova. The acreage is adjacent also to $335 Million Set As Value In This Area J. Kingsley Powell Puts Amount As Highest Per Capita "The greatest per capita increase in building construction in the United States since World War II has taken place in the Raritan Valley area," declared J. Kingsley Powell, real estate consultant and appraisal engineer of 25 Livingston avenue.

"According to my estimates, nearly one-third billion dollara of industrial and housing construction has taken place in tha post-war era. Divide this between the approximately 300.000 RARITAN TOWNSHIP, Aug. 16 Frank P. Tufaro has purchased from Raritan Park Company a tract of 143 acres, part of the former Lindenthal estate, on the Oak 1 Wm kl Arrowhead Park, developed some years ago with high-priced residences. The acreage will be developed in homes of equal quality Tree-Metuchen road and adjacent j.o by Mr.

Tufaro, in cooperation with J. Kingsley Powell as sales a Kingsley Powell as sales agent. of 245 six-room dwellings erected. The engineering work for the by Terra-Nova Construction Com-j development will be done by Ray mond P. Wilson of New Brunswick.

Plans are still in the for mative stage and are unan-l Builder Buys nounced, but actual construction is expected to begin early next year, streets and utilities to be installed this fall. A feature of the development will be the size of the building lots, ranging from one-half acre seven Acres In Metuchen persons in the area and you hava VOOd Wild Park to Be' Co-brokers in the sale to Mr. Tufaro were J. Kingsley Powell of New Brunswick and Leichner Locale for Houses Of Six Rooms Timpson of Metuchen. Pettit Baker of Westfield were METtCHEN, Aug.

16 Wood the amttorneJ! fr tne Purchaser 4 if CU1U i-X. ui iiti, York City for the seller. Five Dwellings Wild Park a coroporation representing Fred Popovitch, builder and developer of Twentieth Century Homes, has purchased from Ann J. Smith and Mr! and Mrs. Thomas Quarado two adjacent parcels on Christol street, totaling approximately seven acres.

The tract will be developed by the purchaser in six-room dwel J. Kingsley Powell, real estate consultant and appraiser, studies a map of Middlesex county which shows the concentration of post-war Industrial and residential building in this area. Arc Conveyed an average which is tops in the nation," he added. "I've been interested in what'i going on in the Raritan Valley and have kept accurate data on its growth," Mr. Powell said.

"I find that new construction totalling $335,175,000 has taken placa in Middlesex county and tha Bound Brook-Somerville area of Somerset county since the end of the war." The broker, who developed hia interest in statistics as chief appraiser for the Mutual Life Insurance Company of New York City several years ago, has figures covering industrial, single family housing development and garden apartment construction in the postwar period. The one-third billion dollars in new construction does not Include commercial, church or school buildings or single dwellings, he point- ed out. Part of Decentralization "The tremendous growth in the Raritan Valley area in the past few years is part of the decentralization of industry once located in New York City," Mr. Powell By HantIlcd Q.R.S. Meadow Homes in East lings of several designs, each on a lot approximately 75 by 100 feet, Brunswick Have Five And a Half Rooms and to sell in the price range.

Construction is scheduled to begin in about 30 Here Average 100 a Month Paul Z. Kamel, Associate Area Rent Director, Lists Grounds for Eviction Under Law; Property JIust Be Registered With Office EAST BRUNSWICK, Aug. 16 Meadow Homes Inc. has transferred title to five more dwellings, days. Fred W.

Bates St Son was broker in both sales and will be exclusive agent for Wood Wildeach of five and one-half rooms Park, with Edward R. Parker as and eacn located on a lot approxi- matelv 60 bv 110 feet, built bvl An average of 100 evictions pentinuance by the tenant to violate sales manager at the the seller in its develoDment here month have been handled by the I a substantial obligation of his stated. "This was caused by traf A home on Meadow road was Office of Rent Stabilization since irental agreement after being to Mr. and Mrs. William RahlJit was set up in this city lastled in writing to stop, use of prop Leon Semer of this borough was attorney for the seller in both fic conditions and congestion, as well as housing in the city.

It has erty for illegal or immoral pur Mr. and Mrs. Elwood R. Volpe, March, according to Paul Z. spread in all directions, but no poses, refusal of access to the transfers, with Charles A.

Jerome of Mountainside as attorney for the purchaser. where to the extent found in this area." property to the landlord, or expiration of the lease and subletting bought on Central avenue and Mr.jR.amei, associate area rent airec-and Mrs. George W. Wood boughtjtor. on Preston road.

Homes on Dia- "But," he says, "an eviction is mond court and Old Stage road! not possible unless the property To bear out hia statistics. Mr. without the landlord's approval. Powell has in his office a large were bought by Eugene E. Mc-i'S registered with the area rent While we are concerned with both types of evictions, most are Green Acres oiTice." "Let there be no misunder of the certificate type.

These, for Guire and Mr. and Mrs. Walter R. Butcher, respectively. All purchasers have taken possession.

Titles were closed for all map of Middlesex county, studded with colored star to represent the three principal types of construction on which his findings are based. "If you'll notice carefully. the most part are based on the Estates Sells landlord desire to use the prem standing, there is nothing in the law that tells a landlord he may not evict undesirable tenants," houses are likely to be short of bathrooms. Having to wait one's morning turn in the bathroom is a family nuisance. "The buyer should consider the feasibility and cost of installing another bathroom when there is only one for several bedrooms," she said." "And a powder room on the first floor is a great convenience, and can often be installed at small expense." Big Diningroom Is Waste The big diningroom, she said, is wasteful of space in the smaller homes, though still liked by families with hired help.

The cost of remodelling to suit family needs must be considered. And the heating system must be modern, or made so oil or gas. Mrs. Flynn has found that obvious faults, even though trifling and easily remedied, drive buyers away: "The buyer usually over-estimates the cost of repairs and alterations. He should really be glad to see a few defects, as an indication that the seller needs the money and can't afford small expenses, in which case, his asking price can be bargained down." The buyer, Mrs.

Flynn advised, should try to learn why the owner wants to sell. "Ask him where he's moving to," she added. If his employer is transferring him to another state, he'll be easier -to deal with than if he's merely looking for a profit. The basic factor in real estate value, of course, is location, the neighborhood. "Two houses that are precisely the same in construction and finish are of very different values when one is in a good neighborhood, and the other among slums," said Conrad W.

Kuhlthau New Brunswick broker whose trade is largely in private homes in the range. Investigate Neighborhood The buyer, said Mr. Kuhlthau, should acquaint himself with the neighborhood, its present condition and probable trend. He would have the prospective buyer visit the neighbors and learn if they are owners or renters. An owner usually takes care of his house and grounds, whereas a tenant is likely to let things slide.

Mr. Kuhlthau pointed out, too, that a considerable number of renters in the neighborhood suggests that it is deteriorating, since so many of the original owners have moved elsewhere. And so does turning private homes into two-family houses, as the owner wrould prefer to rent to a single family. Are any new houses going up in the neighborhood? The prospective buyer of a house nearby, he advised, should look at the new houses, thus getting unasked the opinion of the builder as to where the area is heading. Is the would-be buyer a commuter? Then he should stop at the railroad station and get the train schedule, if he's a stranger in the locality.

He should locate the nearest bus line, as he will probably leave the family car at the station, and his wife needs daytime transportation. The site should be convenient to shops and schools. For best value, it should have all local utilities and services police, garbage collection, Where is the nearest fire hydrant? The distance of the nearest hydrant will make a difference in the cost of fire insurance, said Mr. Kuhlthau, who is also an insurance agent. And is the street or road kept clear of snow in winter? A pleasant view from the livingroom, summer and winter, is desirable.

Is the house sheltered by trees? That's pleasant in the summer, but better step beyond them and see what will be seen from the house when the leaves begin to fall. Mr. Kuhlthau declared, "Prices are firm to rising." He said that the best time to purchase a home is now. By THOMAS McMORROW Prices of homes are "firm to higher," according to the brokers, and the trend is up. Home seekers are flocking back into the market.

In a normal economy, controlled by supply and demand, and with money of stable value, a slump in home prices should have set in some time ago, because of the great number of homes tfuilt since the war, and because the profits of commerce and industry have been falling. But we're in a new era. The brokers tell us today what the home seeker should do to get good value for his money. Most home purchases since the war have been in the developments. James A.

Harkins, South Amboy broker, is sales agent for several, including Highland Manor in Old Bridge, and President Park and Rosewood Manor in Sayreville. Mr. Harkins stated that homes in developments are good buys, assuring pleasant living conditions. "With all the neighbors, or most of them, of the same Income class, getting acquainted is easier, friendships are formed, and there is more social life," he said. "It's not that way in areas where houses vary considerably.

The buyer of a home much finer than those about may put on airs as the lord of the manor, but he's just as isolated as the dweller in a 6hanty among mansions." Prices Are to Increase Waiting for relaxation of Regulation before buying means waiting to pay a higher price, he declared. "When down-payments are higher, the buyer has less competition, and should get a better price." Mr. Harkins would have the prospective purchaser stop in at neighboring houses and consult the occupants. This is particularly useful in developments, where the houses are essentially the same In construction and lay-out of rooms. "In fact, we bring our prospects into neighboring houses, to introduce them, and let them see for themselves.

They're always welcome. People like to know who's buying next door, and they'll quickly point out the house's defects, if any," he continued. Mr. Harkins estimated that average home prices today are up about 5 per cent since last year, and he says the current trend is upward. "Costs have moved up.

Land suitable for developments is up about 40 per cent 6ince 1948. F.H.A. and V.A. have increased their requirements for construction in several ways wanting steel bolts in foundations is one. And municipalities have taken to revising their plumbing codes, requiring more expensive installations," he added.

In Mr. Harkins' opinion, home prices are moving up, with no likely decline in sight. Older Houses Selling Well The market for the older houses has 1 picked up strongly, including those in the higher price brackets. The business of Mrs. Catherine Flynn, Metuchen broker, is mostly in homes selling from $17,000 to $60,000.

Mrs. Flynn declared the older houses are good investments, if still sound in construction, and not obsolete in design and lay-out. As to construction and possible decay, she suggests that the prospect inspect the house after a heavy rain, going down into the cellar and up into the attic to look for leaks and seepage before they can be hidden. Mrs. Flynn approves of city sewers and doesn't like septic tanks, because of their liability to get clogged and back up into the cellar.

As to room layout, she said, the older lses for himself or his family. In parties to the transfers by Morton Mr. Kamel pointed out. "Congress such cases, the tenant is given Liner, Union attorney. Francis you'll see that the greatest concen Three Homes L.

left unchanged all provisions of Meehan. Newark attorney, rep tration of new construction, eith three months to vacate the premises," Mr. Kamel said. Allow Six Months resented Hayes Savings Sc Loan er industrial or housing, is in the the Housing and Rent Law pertaining to the protection of tenants against unjust evictions and section between New Brunswick East Brunswick of landlords against destructive "In a case where a property Is being altered or remodeled for The seller has completed or has under construction a total of 220 tenants. Have Five Rooms; 157 Planned commercial or business use and The law lists grounds for legal.

similar dwellings in Meadow! Homes and 175 are sold or under nffii lun li0nJu. fhouaing market, we allow the six month, in which to EAST BRUNSWICK, Aug. 16 contract of sale. Miss Bertha Green Acres Estates has trans-Steigerwald is sales manager at ferred title to three more dwell-jthe development. irigs, each of five rooms and each be taken, "certificate" or "notice" 'h, if evictions 8 Points out that if a Most common are the certificate landl.rd fails comply with the type, in which the landlord ob- and Metuchen, including the immediate vicinity of those two places.

You'll also observe that the greater part of this new construction adjoins the main lines of transportation," he said. Needs Transportation "This is easy to understand. Industry locates where good transportation is available, while nearby are housing projects to take care of workers in the industrial plants. On the other hand, commuters also look for the excellent service which is available to Newark and New York," the broker pointed out. According to Mr.

Powell, in on a lot approximately 60 by 1001-. i -r feet, built by the seller in Orchard trOUnfl JJroken rulay tains a certificate from the Area 4u I suit for Heights, its development here a damages by the ten Or 1 rucking lerminal.Rent Office which authorizes Two of thp salpq wprp nn r.rPAii ant, based on unlawful to start proceedings, Mr. Kamel explained. That type of action Acres avenue. The purchasers' TRENTON, Aug.

16 Robert B. were Charles H. Bachman and Riss. president of Riss Corn-Mr. and Mrs.

Joseph J. Baran. A Panv Inc-. broke ground for a dwelling on Wolff avenue was new $500,000 trucking terminal on is usually taken when the land- up presem "me- inrrf seven Middlesex county commu- own use or that of member I nitie! and f4ruom. Someet ISU1U LO IV1F Unci IVlr flPnrV inc Ull ui uoniciit.

vnu vatis. ui bimug I ICHIUCI 5uiu itai auu xiciiiv rrt in 7 ara unHpr fha inrteHiMmn some Lentz. township, yesterday nis tamny or in case of exten-1 ni ir j- All Durchasers have taken nos- Construction is to begin alterations or improvements omce, Mr. R.amei dustrial building in the postwar which cannot be made with period has totaled $212,850,000, session. The brokers in all sales on ine D-aoor terminal ana were Jacobson Goldfarb ofompletlon is expected by Janu-Perth Amboy, exclusive for Orchard Heiehts.

Titlps wprpl Speakers included Walter T. iui wii-uaru fieigius. nues were ko. mviuucu tenant on the premises. Muc" of this is found in the New Cover Nuisance Case.

linnnU hrakpn tn th. Ar Lnt Brunswick-Metuchen area, al-Nntin. artinn. iur0iA, tenants, be taken to the Area Rent uu u. i i pim rnw mc icugcst suigic lujwi closed for the sellers and for Margetts state treasurer, wno nuisance cases.

Becoming to tnei in the county was the multi-mil- Jersey Mortgage Company, which said that the Trenton area can official, and are carried out byj lion dollar 400,000 kilowatt elec- Iprovided mortgage financing, byiexpect great industrial expansion; jtne landlord giving to the mutt rui units julii trie power plant erected in Thomas W. Clohosey, Newark aHMayor J. Kusseil fcmitn of Law- a proper nonce 01 eviction, stat- MIDDLESEX, Aug. 16 Park Sewaren by the Public Service torney. Irence township Mrs.

Mary G. ing the grounds on which the Sales Corporation has bought Electric and Gas Company. The seller, representing Philip Roebling, and Representative action is based. A copy of the from ierce Estates Liquidation! "Raritan township has seen the Levine and Louis Turin, both Charles R. Howell, and Mr.

Riss. notice also is filed with the AreajTrust three factories on Factoryjgreatest industrial expansion," Brooklyn, N. builders, has! The company, which is marking Office Mr. Powell stated. Most common grounds for no lane, each being a one-story concrete building located on a lot 50 by 180 feet.

The buyer, repre- Large Plants Included "The biggest industrial plant completed or under construction's 2ath year, operates more than a total of 157 similar dwellings ini 1,500 trucks in 21 states. It plans Orchard Heights. All are sold or to add 1,000 trucks and several under contract of sale. 'more terminals in the next year tice evictions are: Failure of the tenant to pay rent when due, tenant committing nuisances, con- senting a group of investors, has among newcomers to that area is taken possession. jthe Lincoln-Mercury plant, near i Metuchen, but there are a number of other industrial plants and improvements which top the mil- i Cm 0 .7 T1 lion-dollar mark," he adds.

oiore nuiiuiniz iu na urecieu in nuriiuii jluwiismui Hi Among these are the new plants erected by Westinghouse, L. A. Dreyfuss, Pabco and Socony Paint Products. The Johnson Johnson shipping center, the American Smelting and Refining Company research center and the expansion of the Pennsylvania Railroad yards are included Mr. Powell pointed out.

A new plant for the U. S. Envelope Company is among industrial development scheduled for the near future, he added. 7- New industrial plants in New Brunswick include the Delco- Remy and Triangle Conduit and SiStnii rAOTJG-UNQUUM -ASPHALT TILES 1 Cable Company, while North Brunswick's new industries are Continued on Page Twenty-two -I. rr 1 iNorth Plainfield office of 17 nVa Township lc.

Saunders, negotiated the sale.jJ011 trr House in Woodhridjie ResiMenee Purchased Kamic udjamian, ortn riam- aHiriiu i um ld attorney, represented all ISCATAWAYTOWNSHIP.I tn th'transW PIStATAWAI to th transfer. WOODBRIDGE, Aug. 16 Mr. and Mrs. Joseph E.

Capik have bought from Mr. and Mrs. John Farkas the five-room dwelling at' 56 Maplewood avenue, located on An architect's drawing of the new store to be built on Route 25 in Raritan township by the Dean Floor Covering Company this fall is shown above. National Bank Adds To Property Bought For a New Branch NORTH BRUNSWICK, Aug. 16 The National Bank of New Jersey has bought from Mr.

and Mrs. Carmelo Malvenda a tract 25 by 500 feet adjacent to and paralleling the bank's holding on 14th street. The purchase gives the bank a tract fronting 500 feet on 14th street, with 125-foot frontages on Livingston and Codwise avenues. The tract will be the site of a branch bank of the purchaser, plans for which are in preparation. Two New Brunswick attorneys, Joseph J.

Messina and Heston N. Potts, represented sellers and buyer, respectively. RARITAN TOWNSHIP, Aug. 16 a lot approximately 9o by 100 feet. The buyers will take possession A new.

streamlined floor cov- Operating on a new merchan-jparking area, adjacent to the dising principle established byjstore, will add to the Dean, the new store will feature The policy has been adopted in cut-rate floor covering of the growing trend with customers effecting still toward decentralization of shop-greater savings by tinn anrl nirk-nn Thp npw Tlnan mitlof will hauo leum. asphalt tile and other types of floor tile, wall coverings of all kinds and a complete stock of famous brand broadloom carpeting. The store fronts on State Highway 25 and Fulton street, south of Woodbridge avenue. Aug. 16 Mr.

and Mrs. Stephenr Faturos have bought from Mr. and! i tt Mrs. Albert Garretson the six- tast UrunSWlCK ilOU9e room dwelling at 377 South Wash- tn Tl RaVlifa ington avenue, corner of Kline 3II to U. liaNlCS boulevard, located on a lot ap-i EAST BRUNSWICK, Aug.

16 proximately 75 by 150 feet oniMr. and Mrs. Donald E. Barhcs which is also a one-car detached have bought from George J. garage iSproat the five-room dwelling at The buyers are taking posses-19 Green Acres avenue, located aion this weekend, the sellers on a lot approximately 70 by 104 moving to their new home in feet.

The buyers were the ten-South Plainfield. Mr. Faturos is! ants in possession and will remain, an electrician with Watson-Still-! Louis J. Milano, South River at-man Company, Roselle. torney, represented all parties to Harry Gore, salesman in the, the transfer.

on or about November 15 when ering store will be openea Dy the the sellers move to their new home under construction in Fords. iDean Floor Covering Company Mr. Capik is a mail carrier with early this fall on State Highway the Perth Amboy Post Office. 1 25. The store will be the third in David Pavlovsky, Fords Dean chain, uean operates The architect is Herbert F.

Verse of Plainfield. -The contractor is a Portnoff Son of ney. represented all parties to the anomer nignway iioor covering' uean selected tne nignway iu.uuu square Jeet ot space, pro-transfer and also Perth Amboy store on Highway 29 in location to provide easy accessi- viding extensive merchandise dissavings Institution, the mort-jUnion and has a store at 349 bility to the public for family play as well as warehousing gagee. 'Broad street, Newark. shopping by car.

A large free, space. It will feature brand lino-..

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Pages Available:
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