The New York herald., 1870-03-30
REAL ESTATE MATTERS.
Thinks Of the situation-The Tenants
Remedy-Auction Sales Yesterday.


The question OF rents continues to be The leading
sublec OF interest IN the real estate market, as s
one that enjoys much more extended attention
than that given 1t within strictly real estate circles
The popular feeling In this regard continues active
as ever for q Decline which every day exhfoits
more and more weakness on the part OF LANDLORDS,
and an increasing disposition among them 10 yieid
to the reasonable expectations OF tenants glance
at the advertising columns OF the HERALD viii de-
monstrate this in the most unmstakable manner in
two ways-frsr from the great number OF houses Of
ferng to rent and secondly In the manifest pressure
10 let shown the large proportion Of them an
nounced as offered TO rent at reduced figures. 1t Is
not indeed too much to say ut this time that the
rent market mas fairly broken, and our prophecy Of
very considerable reduction In April bids fair to
exceed our expectations at the time it was made.
We have already spoken Of iIr. A. T. Stewart's tes-
umony on this point in his late action ordering q
general abatement upon the rental OF all his pro.
perty. We have another equally important witness
who corroDorates MIR. Stewart. A correspondent,
who furnishes his name ana address, writes to us as
folows:--
As a subscriber and regular reader OF your paper
have been struck with the very correct remarks
upon the subject OF house rents. From what you
observe this morning AS TO Mr.. A. T. Stewards
course IN reducing rents am LED to give my eNpe
been for Six years, Ia West thirty third street. On
the 10th ofJanuary Astor notified me that the rent OF
the house would be raised from 81, 500 to $3,700.
declined to pay the increase and bill was pus on
the house. On The 2lst OF March aweek ago.
house at $4,000, having found that he could
not get the advance he had demanded. The innu-
ence OF your articles decided me not 10 take the
house at $500 even But | asked II that was his
lowest price. lie replied tnat 1t was. On 22d March
he rented the house ut s3.25O. when is decline of
tweive ten-twentieths from his nrst asking price.
When AStOr drops as quickly as that rents are weak
indeed.
owners of properly who fail 10 see in TINS the
their reign Of eXtorton Is over that their inter-
ests require thai tney should allow some drawback
from the extravaganza tolls they nave levied upon
Overburdened tenants, year after year. must ne dull
indeed. Some few of them may succeed in perpelu-
htng their tyranny lor another year but VIII be
the last. The remedy is near at hand in q general
exodus from the crowded streets OF tie metropolis
10 the wider ireedom OF suburban districts. We
have noticed several schemes IN progress 70 direct
and stimulate this movement, and learn by the fol-
lowing notice. which appeared IN one OF our even
ing papers ON Monday, that there are still Others.
"ANew York capitalist has completed the purchase
OF tract fterrltory nearly three square, about
twenty miles from the city, on the line OF railroad
leading hither. Large gangs OF men have been set
TO work constructing Droad thcroughfares ana cess
streets, levelling the ground ana laying it out In
sections and village lots. The design Is TO con-
vert the region INTO tnriving community,
comprising village and capacous country
70 ee drawn RON New YORK The 'GnSeH,l protector
to that or A. t. Stewart on Long Island, has sue.
ceeded with several minor undertakings or 4 sm-
lar character ana he Is confident that this one will
likewise be Il decided success. We nave no doubt
but that ms anuclpations wnl be realized. There
are thousands OF people IN this Overcrowded city
VINO would be glad to move out into the surround
ing country were the Way prepared for them TO 40
SO. Capitalists have but to hold out the necessary
inducements regards price and time for payment
OF building lots and dwellings, in order to secure a
hegira from the metropolis ana reallze handsomely
on their investments in the long run"
w NOT hA hpt tna mi YlntiVc
tlon OF projects ike these VIII seriously affect the
value OF dwelling house property IN this city and
Brooklyn, more especially In the latter city, and
particularly that klnd OF properly which is outside
Ol fashionable nei2hbOrh0Ods and ranges IN quality
between tenement houses and hrst class mansions
Fair and Just concessions now on the part OF land
lords might limit this movement to the suburbs, SO
as to cOnEne II within or near the ratio OF the natu
raj increase OF population but not thus met there
certainly grave fears or disastrous
TO large portion OF the real estate interests both
Cities
There was more than the usual animation in the
real estate market yesterday and considerable in
crease in the number OF transactions The feeling
IN the market, however, Is unfavoraDle 10 dealings
tie agitation respecting rents operating to check
alike investments and speculation. The uncertainty
respecting tue action OF the House upon the Funding
bill Is also conservative influence here as in the
STOCK market and the present belief IN its defeat
bearlSn IN Its effect. The attendance at lne sales
yesterday was good and the bidding fairly spirlted
SubOiDed are the particulars
NEW YORK PRoPERTY-EY MULLER, WILKINS AND co.
between sh and sth avs lot s4sxIo5 s4s5oo
story brick house and lot, No 2i7 Eas. 45th Sd
'Vs Is av and 4sh ST. each ssiio
e sf J, lAIIncanp s,rs,ls srsyEssoN AND BON soN -
8 fots adjoining above, and lots in rear, 69th ST.
Buildings and lot corner Of ith av and ssin ST. o
lots SIN a. ssft Of av 4, each isaaioo sSSS
lot sst s St. s s = = Of e "a StS sy 2aalOS & 5s5o
story brick a and o a5 East sSa SD a. AsS lot
Brick houses an" and sss lots - and q Ksnson and IT'S
enys'ie BIZ Po' oo1Si e2uOo
story brick house lot, No 24s 54th ST. lot z5r
BY r. +. EAYMosp -'''''
4story brick house and tot, 54th ST l60 IT of 9Th
naooSiYS raofrnryIY ;onSsoS xsn MiIina WV
No q south 9th st. near 4h St Broosya D
lot No Meeker vandam ST. gore shape. $50
10y 70, On Meeker ay near yack St Z os go
lot Meeker av, adjoining, 25x0O. ........... $50
lots on Meeker av adjoining, 2sxl4S9 1900
lots on Meeker ay, adjoining, s5x94 1000
lots on Meeker av adjoining I5S7a9a loo
lots on bridgewater ST near varck St. 25xs26 1850
lot on varick e. near BTidsewater ST. 25x34 3H.. 800
,iarae gore ios onpo:c isus ss
IL lots SsiCo It deep, on Lake st and Brdsewaie st. '''
lots on Vaniam st. near Nassau st. s5.ioo s5S
lot on Nassau st, Apollo st. 2ox00.. 400
lot on Nassau st, Apollo St 25xl00. a95
oi on yandam ST. near Nassau st, 25xl25. 42o
iot on Meeker corner Varick 81, 719.... co.
rREE LOVE IN YOEKyILLE.
~o~~o~~~>>~~0~~o~~o~~~-
Too Much for the Stomach OF the Court-Im.
possible TO Deal Ont Justice-An Hands sent
OF ssOn Their Ear.o
Justice Coulter, the presiding magistrate at the
yorkville Police Cours for this week. had case OF
Iree love brought to his notice yesterday morning
Philip Kuhl and Herman IeutZ both younp mon