The New York herald., 1870-02-27

yo0TB NRo. KEuES OF nO6tiA usurpS ou0 Osuof
places Of business graduated Of course accord
Ing ~ they happen 70 be near or remote rom
sh respective centres Of trade and fashion TO show
how rents have doubled OF moderate sized brown
stone buildings we win mention Dut single exam
pie. dwelling Of the character referred to- snlrA-
ssssd Ss n ss Il so which was then conssred
nigh rent. In 1865 the rent was advanced 70 $500;
IN 1887 to Sll00 and IN 1868 10 while the rent
for the present year $500. the same rent that u
ASKED for the coming year. like proportonate In
taken place In other descriptions OF dwell
ings Wooden cottages, Astounding moro particu-
larry in YorSvllle Harlem and the upper
portions Of the island. demand double the
rents they did ten years ago, and the rents o. some
(thls class oil houses being Ia special dcmand) have
nearly tebed. For tne smaller class stores on Sec
0nd, Third. Sixth, Eighth and other uptown ave.
nues, the rents are about double what thoy were.
Take the average VI tencmenL houses ana the rents
here have gone up witn o ike bound. that OF some
being double others triple and others quadrupie Inc
prevailing rents ten years ago.
WHY RENTS WENT UP.
Everybody knows why rents went up TO their
present nigh figures. and 1t seems almost waste oi
t'me and fpacc 20 write anything upon snis
subject The reason 9iyen-and IT was very
aooa and Just one AZ the tme-was the deprecia.Moa M
IN the value OF 2recnbacks IN the fore part OF tne
war, the cause OF winch IL Is unnecessary 70 explain
~ t1ls time. Rents went up as greenDacks weh'
down. This is the story, wholly and SIMPLY tolu.
WILL REKTs DECLiNEY
This Is the all npOrtant question which everybody
compelied 70 hre DWELLING or apartments, ol a
store or a shop or an onice " now asking. Ia ~.
cordaIce as greenDacks have gOne up IN valuo VIII
rents go DOWN. lhls Is what people want 70
ana General interest,". 1t Is certain that rents
onght 70 SO down, but E is not SO Ger
tam that Lney will The season l0r renli
dwellings and other houses Is now at its height and
every n0nsenoider Is eagerly anxious to ascertain
The schedule OF rents for The coming year. II may
be stated that landlords, as general thing adhere
thus pretty firmly 10 the prices asked tnis year,
and although the public are eagerly desiring ana ex.
pccsing decline in rents, tine action OF the land
lords does nOtVindicate very clearly reazation OF
such antlcpatiOn6.
PRESENT oosDIrIoN OF THE RENT MARKET.
NO luua harp .s tn
the present condition OF the rent market, AMI
although in portion Of what is written above this
branch OF the subject mas been touched upon gener.
ally there are some specific details not without
interest On Broadway the rents are graduated en-
Mrey according 70 t0e iocanty: @ ~ inc hae large &
street, that used command $12 600 year, do
not now bring more than $4,000 renI and do not 20
readly even AZ these figures; but this, II Will De
meinbered, ism q ward where the late Stephen
Whltley SAID he came very near Deng ruined, having
lost nearly oy e u ev ~ ~ sre nh%s
street rents remain the same, lnciudng those OF
Oil the stores on The westerly broadway blocks.
Above Chambers to Worth street and thus includes
the Broadway blocks also-tle rents are nrGler than
they nave been at any time during the past iolr
years. The buildings. forty feet front by
one hundred ana eighty feet deep each, built on
the site OF the Old New York Hospital, nave been
rented IN advance OF Their completion On the lst OF
May for average OF $35 900 year each. The lin.
meuse marble front building Of the New York
Life Insurance Company has also been rented
nigh figure. From Worth to broome street The
rents on Broadway demapdcd for the coming year
snow decline or about ten per cent from last year.
Above Broome TO Tenth street. which ~ too high for
tne present obping trace ana too low for the retail
trade, there Is large number or empty stores.
These stores, which II further down town would
bring from $20.00C 10 $4,000 year rent can some
Of slem oe mad for ssooo a year rent, but, OF
course Will not 90 leased at any such figure
ine. great present retail emkorinm, as Is
well known, is aoout Union square and On
Broadway up t0 Fifth Avenue Hotel. Here the de-
mand for buildings exceeds tue supply, and the re-
suit Is very high rents which VIII be advanced for
az
500, coo u year Fnth avenue Is rapidly yielding 10
the advancing tide OF commerce. and below twenty
stores and boarding house keepers. Rents here
show no prospective decline. Tne great region
ir io nt class ev now n
Fourth and sixth avenues, and extending
up 10 she PARK. Landlords here are
trn, but not disposed 10 be stringent The tact
Is tue market rather overstocked with high priced
houses. In the neignbOrnOod OF FOrtythtrd street,
for instance, and nom tnat LOCALITY up TO forkvile,
q great many fine brown stone dwellings have been
Quilt during Last year, and which are now unOccu-
pied. On Fltn ana Madison avenues, the present
grand centres oi wealth and fashion, there u
usual number OF dwellings, 10 be rented About
Madison square rentS are especially high. This Is
now tas ne great hotel centre , OF the CITY:
&c converted before long into great business mart
not alone on account OF Its admirable location ior
this purpose, but because the large wholesale mer-
chants arc bound 70 follow In the wake OF the large
ho.es, In order to be near their Ouf-OftOwn Gus.
toners. II Is unnecessary TO give In detau the rents
prevailing In down town business Streets on Broad.
way, ana the dwellings, on the less fashionable but
more numerousiy populated sections OF the city.
Some landlords IN some localities are asking lower
rents, but the most adhere firmly to the present
prices. There Will not 10 much any difference,
Is already stated, IN tenement houses. WITH few
exceptions intense greed OF gain stimulates the
building OF these houses, ana most Of the landlords
are OF that class oI ssllsn, graspng, INSCRIPTIONS
Shyocks who Will not abate j0t Or tiJGle theig
demand for the pound OF ne5n
DKGAND FOR SMALL HOUSES.
There ts an unusual demand for Small houses
MANY
been paying, and accordingly are anxiously and
scdul0asiy looSins for smaller and cheaper
and 1880 rents; but the latter are very scarce,
aud the demand ls lar In the excess OF the supply.
pay aDoVc. $1,000 rent there Is Icsoarse but the
country, rs they are crowded out OF high priced
dwellings, on the one hand ana WIN not 60 into
tenement houses on che other. lne result Is that
there Id especially large demand for country houses
SAMPLE Rents.
The following viii give an idea Of the ratcs Of rent
In various locaties:--
wes. Warrington square, four stories, high stoop,
sacSSa aSwn street near Fourth stree: S
Broaaway between Twrny-sirth and rwcnty-scventh
streets stories Freach basement brown sone 5000
st. Luke's place eroy street, three toIes high stoo
Eahh street. near sroaiwa, four stories Ih siao '00
brick suitable Tor boarding house GOO
Ea.t Ninth street. between University place aud Broad
way three stories and attic, high stoop brics. 5000
East Fourteenth street. near Broadway. four stories,
wss s,aG Sc.ce Eighth and Ninth ave
nnes. four stories h,gh sioop, brick. 27oo
hish stoop brown stone. COCO
Fourteenth street, between Fifth and Sixth
nues, -four stories, bricS.:. 6lco
fifth avenue, between Twelfth and Thirteenth streets
three stories brown stone front 5000
East seyeneenh street, near Irving place. for atories,
high stoop, brown $500
stories hiqh stoop brick 5000
East Eighteenth street, between Fourth avenue and
Irving place, stories. stone 5000
English baselasn, 2sOo
rtorcs Nigh .toop brick. 2,4oo
Wnai Tryaa aV.tit ri
agenues onr stories. high sioor aLao
stories, high stoop stone; 800
stories hsh s.oop, brown stone: $500
West Thirty eighth street Seventh avenue, three
stories and attic high toor, brown 350G
East fary.nnth street, near Fourth avenue, four
stories. English basement, brown 1880
East fcrtysecond street, between Filth Madison
a,enurs gtorics Nova Scotia s.one stoop s00
nuea soir stories blgh sioop stone s5oo
West Fiftv-secoud rtreet, between broadway and
Eighth avenue three stones high stoop brown stone S00
RES high stoop, brown 2lco
LAWN t.lsI