The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-04
HOUSE RENTS.

Ee HOUSE RENTS.
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Hundreds OF Houses and Apartments Unoccu-
pied-The Tenants Jubilee and the Land
lords Discontinue.
Is gratifying be able TO make the
house rents are very percepoly declining IN this CITY,
and particularly the side OF In the Seven
teenth and Eighteenth wards especially the decrease In
the value OF rentals 10 almost universal No one save
Inc landlords will be disposed 70 regret this for the
demands or house during the past three years
have been 80 extortonae that they have drawn down
upon themselves class the opprobrium OF the
munity II their svarcious propensitiss have led 70
leaving their property in great part uptenanted they
have 70 blame but themselves II tho present
decline should that the average would
DO 6y per csntum less than the rates Of letting two
years since, the people generally would be Of
opinion that there still existed margin, Of
profit TO the landlord sufficient satisfy the demands
Of honest outlay Of capital The altitude that rentals
had reached In May last beyond all reason, and
brought about by evident discrimination the part
agents and to take advantage Of the necessity
that the public led 70 believe existed. The fact
that many apartments IN tenement houses and 50
many dwellings Of the mddling class are now unoccu-
pied is however sufficient 10 satisfy everybody that
the alleged scarcity of ''houses 10 let upon which
the agents and owners continually harpng pro-
vous 10 the Of May, all moonshine. Had thers
been real lack this regard is not probable that
plethora Of apartments and dwellings TO let would now
characterize the The fact that such s tho case
at forces the conclusion that the agents and
house owners had combined to take advantage OF the
false idea Of scarcity that had impressed the
public mind; but now this bubble has burst and the
consequent injury has resulted TO those who are best
able bear t-the owners and agents themselves The
engineer Is hoist with his own petard.
Another gratifying feature OF this matter 10 that pre-
indications point to the improoabty OF the public
again being humbugged as 10 in May last and
as it has been during the past TWO years II any re-
ance may placed In the activity that now character
ICES the building interest," houses will be erected
this year than for many years past An unusual brisk
ness is observable in this regard not only the city
proper but in all Of its suburban districts By the lst
Of May next these houses will be fully completed aud
viii only keep his eyes and ears open be will DO
likely subject himself to the imposition ana cxtoron
tina. vas SO generally prscssd N MAY last aSt mere ire
pick and choose without throwing himself as snen,
upon the mercy of agents who are looking only After
high percentages yielding the demands Of exorbi
tant landlords while aboring under the faise impression
that unless they complied with these they would have
The extortionae prices asked bv the landlords during
the past two years led many 70 hire houses for
for those who desired profit by the alleged scarcity Of
enements but the subsequent results have
without their host After hiring these parties went 70
great expense hitting up their houses and expected
make pr0n ~ u Srss vavn
from $500 to 5o0 or these parties at least sixty per
cent have Lost money Were an Aggregate estimate q
thousands Of dolara At the present time the market
fairly drugged with this class OF buildings as the
nouncine FURNISHED rooms to et' In nearly every
street and avenue above Canal street fully prove
Sooss Mas bought Tor in
avenue Fourteenth street. Che purchaser let in
and the he parry hiring he'd 70 lay out about $500 10 order
70 render the place remarkable The hirer fitted up
PROFIT but the most Of The 70 this day remain ua
tenanied lessee finds himself out Of pocket 70
| the tune OF more than s., 900
nrst class house was hired by widow lady in Ninth.
street, Fifth avenue, for the sum OF $1,000 per
year Previously sne had kept q boarding house the
annum. Not satisfied with this, however, she became
OF the speculative mania and leased the house
above stated After furnishing it At considerable cost
has occasion to regret not leavng well enough
alone" OF the twenty-five rooms that she bad fur
has the melancholy reflection finding herself under
heavy rent, without receiving one tenth of the income
that she hoped would result from her speculative enter
But in order to show how the ratio of proper
has decreased tho following examples are svsn:w
in Nassau street, first floor and CELLAR for business
purposes, at rental Of $4,000 per annum 90 these
premises he had q lease which will expire in May next
He offered release these premises at 81 800 per an
mum, which proposal refused. Within few days
him the same premises al rental Of 800 per annum
provided he will enter into lease for three years from
In seventy.eghth street, Third avenue, gen.
tleman has leased for certain premises M a.
rental OF $500 per annum for residence purposes SIX
months ago he offered his lease al the same
rental and tho proposal refused. few weeks
since he received letter from the agent In which 10
was stated that he desired TO release the premises for
500 per annum $500 less than he Is now paying) the
agent would be glad close q contract with him.
Tho reasons why this decline has taken place arc
many In the first place, hundreds OF Southern fami
lies tabernaced with during the war, and these'
have now removed their homes the South, leaving
vacant the which they occupied during the past
| year Then, again. there has been quito mania for
getting out Of the city. Al soon our mechanics AND
others am assod money sufficient to warrant their build
inc home they chose the suburban districts In prefer
ence 10 the city proper Brooklyn. Williamsburg, Jcr-
sew civ and the like localities have been built up In
Of the Of population here and tho
desire 70 get tout Of town."
The building interest has been enhanced from the fact
that the materials OF construction cheaper now than
In February the HERALD predicted that this would
be the case and have the practical exempihca-
4 ton OF that prophecy. -
One great REFORM however. might DO introduced II
instead Of making May day" the great moving day-f
instead OF hiring houses apartments from May 70 May
he tenants would refuse bound BY any such rule
Allowing themselves liberty 10 hire from any day In tho
year TO corresponding day in the next year, tho
| present system, which plays 90 admiral into tho
rockets OF the agents and mddemen would be nullned
and houses might be hired regardless Of them AS II s
portion OF the people have this matter In their own
| banda Will they profit by this advces
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IMMIGRATION At THIS PoRT.
yx.r, ,he ron,h NJ riv % ara lurnnts arrived