The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-02-05
RENTS AND REAL ESTATE.

What Shall We DO for Houses s-Increase
OF Prices Over Those OF Last Year-Cases
Instanced-Rtsc from Twenty-Five to
Ono Hundred Per Cent-scarsity OF
Small Dwellings-The Prices Asked for
Lots ON Broadway, Sc.
The words applied to the Saviour:-'The foxes have
holes and the birds OF the air have nests but the Son III
Man hath not where to lay his head" in danger Of
becoming equally applicable 10 the present residents Of
New York. Indeed, there will be many men and their
families who will be without roofs them, pro-
vided the late indications the true index Of what the
prices Of tenements be the first day Of May en-
suing Instead Of being enabled to cry out"A plague
o. both the houses ~ the modern searchcr after house
will have to change the sentence to"Oi for lodge in
some vast wilderness, some boundess contiguity OF
shade. where landlords and rents may never reach
more" Japhet in search OF father will be a
common place relation compared with the tale told
Of the search Of the father Of family for place to
make into the family nest and the story of the almost
endless tolls Of the Old Man Of the Mountain pale its
Intellectual fires before that later domestic DRAMA 1.-THE
Adventures Of Householder the Unfortunate Ten
ant" In fact the subject at this early day in the
year. bids become the absorbing topic OF CONVEX
saion in parior hall and club, and tho theme for the
pens Of all the writer's for the city papers And notwth
standing the saying
.sThere's a divinity that shapes ends,
Rough. hew them how we VIII )"
The aforesaid divinity does not shape landlords
and their interests TO suit those who the fortu
nate Of houses and lands and gold galore
year Of trial Of high rents may have tendency TO re-
duce the prices. especially If some modern Howard
should chance here and commence the ercc ton
of small and comfortable tenements upon large scale
At present they high in the extreme.
THE ADVANCE.
handed for business places and dwellings, commencing
as early as 1854, and continued with more or less rcgu
larity TO present time there does appear to be
a well grounded cause for panic excitement There is
prospect for reduction the prices Of provisions,
clothing and of the Injuries Of life, which, If
realized may in measure compensate for It, and have
a tendency to keep up the equilibrium Something in
the condition of real estate MAJ also be credited to
fictitious transactions, and wild and extravagant rates
paid for especially valuable or much needed par
GELS OF land the bddings OF come long estab.
lshed firms their old places OF business for the next
five years from the that at the apparently
high rent charged they would suffer loss by forced
removal The great Immigration from Europe the removal
of many wealthy families from the south, where they
have been peDned up for four years, to enjoy tho
pleasures OF Northern city life during tho settlement
OF the difficulties civil and political in their respective
States other similar causes with the natural growth
of the metropolis OF great country, undoubtedly have
their share the real advance made In landed property
and tbs charges landlords seem determined to upon
their tenants But this Is not all There other ex
plantations dependent only upon the conscience of the
property owners and the exgcncics OF tho property
holders.
BUSINESS PLACES.
The best of stating the precise condition OF the
house market of giving the gram or stock market Is
to instance number Of transactions, that those In
terested may compare the figures and draw their own
conclusions. The following are among the many raises
The American Telegraph Company formerly paid
$4,000 per for their building Mt the corner Of
broadway and Lberty street Thcy are TO pay, for
ffrf i,ea anna A gtn in Hrpa
way City Hall Park which In 1863 rented FOR $4,000
year has been leased for 1000 Tho entire property
street winch was leased for 81 IoOa year with
improvements, brings Sill 900. store In broadway,
near White street Tour stories ngn when TOT nve years
increased TO $40 000 An town corner siore, renting
for $1,000, will be advanced To $4,000. Lofts in
Broadway Church street have been increased from
900 TO 81 200 for the new year corner basement
Broadway, well fitted up, brings In yearly revenue
OF 81 O00 store OF Broadway and Canal street,
which has rented for $25 o0O has been leased for $50,
900 Several fine offices. which rented last year for
$4,000 have been disposed OF at 900
Arm dealing In dry goods, aud which Ind enjoyed the
possession OF Their warehouse for time Mt yearly
rental OF 600 waited upon by their landlord and
ing $4,000 and taxing three years lease They were
of course indignant and termned 10 seek another To-
cation. Meanwhile the landlord coolly went abort his
business and readily found sound customer at $50 600
also for three years Firm number one found out they
Ind better compromise the natter was too ate-thc
papers had been signed After considerable trouble and
running baggng and parcyng, the $50 900 arm agreed
10 give up the premises upon receiving bonus OF
$4,000. They received II, and firm number
holds the warehouse The assessor should make note
Of similar transactions By doing the income Of the
state and general government can be largely increaed
the present twcycipOnth.
RESIDENCE PROPERTY
In the Of residences the RISE IN rents has not been
noticeable competition not running quite high but
the advance has been from ten to my and even Que
hundred per cent in SPECIAL instances over the rates for
the same locations IN the year Just closed Many per-
sons who have, they supposed expended each year
all they could possibly afford In the matter OF doncie
have been called upon 10 advanc from Ave hundred To
one thousand dollars Where they ARE going 10 get
the money Ia a problem only 10 be solved By the ARRIVAL
OF the last OF December, 1853 number OF dwellings
tint have brought from 81 600 10 81 zoo have been
raised 81 500 and go In the lower part OF The
First ward a aud bedroom which had been occupied
by party for several years for seven aud eight dollars
per month rented Tor from sixteen % seventeen
dollar per month In Twenty eighth street are three three
story brick which rented last year for $500 They
10 be advanced to 500 Iso boarding houses on
Ninth street between fnD and Sixth avenues are 10 have
an addition OF one thousand dollars per annnm In the
shape OF early rental Some dwellings near Ffh avenue
In good localities which have been held for years at 81 500
are now put up % q, 900 per sDnum. AZ least the
ospes ask this for them. They viii probably make
leases at thai price. Another Instance: corner
bouse FIFTH avenue up IN the teens, may he had nj
the reasonable rental Of $4,000 year. hou-e on
rnlon spfsrc has slisr RENAL attached W house
IN Brvoori place. which rented last yenr for 5000
and tnxc VIE, taken thls AT 5000 and taxes
There Others BY the landlords Of which only
add 81 900 b. the tS,oJO they asked twelve months
since Thoy md plenty Of people ccrupv their p,ia
fai residences Single floors IN decent houses In any 81
che avenues are found Tor rent at from 500 70 500 per
snnu They usually cOnain from four 70 eiaht rooms
gus and water As Tor small and comfortable cottages
within three miles of the City Hail. places In which
iaborng professional man can put up ht. household
gods and make himself home, they are among tie
thing that and not True, person can buy
such house. u he have money enough. for year; but
renting n out OF the question What 10 become Of the
people whose below the prices OF such build
ings 4 not N be contemplated They Will have u seek
shelter houses aud cheat their land
lords Of their money. One would think that there
lots enough upon Manhattan Island which could be
covered with sheds and shancs for the accommodation
OF this numerous and increasing class Of Inhabitants
whoever makes q 10 erect small, convenient
houses, will become public benefactor
There are few good tenements IN the city, belonging
10 well known estates the price o. which has under
gone but slight change number Of years or course
tenants have remained them and have always paid
their rents The profits the have been slow
but Many of the budings Of the Rugers estate,
IN the Seventh Ward arc the hands OF the occupants