The New York herald., 1870-03-28
REAL ESTATE MATTERS.
Tho Rent Notwithstanding Wsakness-Pros-
psct5 Of G General Reduction-Tha Move
ment to the Suburbs Small Houses
at Rutherford Park, N. J.


at Rutherford Park, N. J.
The unanimous popular demand for decrease In
rents, which grows stronger IS the lst OF May ap-
proaches, mas during the past week, produced
abundantly the desired results and We note now IN
the rent market greatly improved feeling favorable
to the tenant class Agents generally report extreme
dnlculty In making leases, ana, as they view it,
very serious detrment to the interests OF owners by
the agitation, reflected In the representative journals
OF this city. among those seeking houses or stores
for abatement from the extravagant rent charges
OF last year. In the case Of the former where the
sentiment Ii stronger and more UNIVERSAL having
reference TO particular localities In this
matter may be said to be already reached as OF the
houses rented during the past week. liberal conces-
sions have In nearly every case been made.
The expectation thas after the 1st OF April
this WIN become the rule OF the market Is
fast growing into certainty. and tenants wholly
opposed to making engagements that nave not this
feature to recommend them.
There are, OF course, some landlords who still hold
ous against this latest land most gratifying exhibit
on OF manifest destiny but they are OF that class
Of men whose success in life taxes rank Ia the
munity In which they live, with such mysterious
happenings as ghosty visitations, remarkable
dreams, wonderful cases OF suspended animation,
ana such like and compes the philosophic commen-
tator to step from his high plane OF rationasm and
seek for o solution OF the phenomenon In the realms
is found the only possible rest Tor the nquirng mind
thus disturbed In its logical assumptions respecting
being, and , hence forced into this conditional
such luck must be also blind, and most likely deaf.
These men win find themselves the greatest losers In
the end as those VINO with sharp wit to see the
strength and unanimtty Of the determination the
part Of the tenant class to submit longer to undue
this demand hair way. obtain only better returns
rom their property now than later In tue season.
wish to let their houses No man is probably, more
looked up to In tins city for tile qualities OF correct
Judgment ana shrewd foresight In business
as well as due care OF his own interests, than A.
i. stewart Yet IL has but just transplred that
he has ordered q general reduction or rents
upon all his property OF from ten to twenty-five per
cent, according TO local condition. What stronger
evidence Of the certain success Of the present move
ment ior cheaper rents tnan this single fact need be
AZ this ime last year god was quoted at lsl. Now
1t Is below ll2 difference OF nearly twenty per
cent, with every prospect OF It's gong Still lower
Men who ask now the same rent they asked then
VIII have hard Work to convince the people that
there IS any justice In their demands rms differ
ence IN the gold premium may may not be sound
argument in favor OF reduction, but II Is one that
most readily employ, Gold Is their barometer or
values, and no amount Of reasoning Will sulnee to
turn them from the conviction that Its decline fully
justiltes their claim.
AS we have before said however, the great
majority OF landlords nave reached an understand
Ing OIL tue necessity VI granting the desired
sions, at all events in part. In South Brooklyn
where houses are onering IN large numbers, rents
have come down to quite reasonable figure, ana
In other parts OF the city especially where ut
ali distant from the ferry, the condition OF the
ket is very generally avor OF the tenant Nor Is
VIII snow. During the past week very neat Drown
stone house IN select neiGhDorhood wltnin five
minutes walk OF fulton ferry, on the west side Of.
Futon street, which now pays 81 200, WAS rented
for next year for 900. The house contains twelve
rooms anu Is In good repair. On The other side OF
Fulton street rents usually range twenty-lva per
cent lower for similar accommodations.
lhere Is likely 70 be very considerable movement
70 suburban districts tnis spring. particularly to
places situated on tae railroad lines leading out or
New YORK, where transportation Is rapid and rea-
sOnably cheap. In an article respecting this tend
ency last week We drew attention to the disposition
manifested Dy capitalists TO await themselves OF this
opportunity Of profitable Investment by building the
proper Kind OF small houses In pleasant healthlul
neighborhoods, with proper accommodations, to
rent 10 men 0! moderate means seeking such. We
spoke then OF twenty houses building IN Yonkers
and nave since learned OF others in other places.
erection at Katneriurd Park, T. j. twelve % hapS
some French roof cottages, right at the station all
OF which Will be finished and ready Tor occupation
in q few weeks. These cottages are two story and
basement oil detached built on plots OF ground
3Sxl0O, with neat fences pumps in kItchen coal
sides into cellars water Closets &c. and are among
the most complete cottages yet erected In any part
Rutheriurd Park IS growing more than any suburb
OF New YORK at the present time and bids lar to be
popuous Town IN q few years. Land which three
brings from $3.50 TO $1,000 per city lot. IL is well
supplied with stores, churches schools and all me
necessary cOnven!ences OF o comfortable place Of
residence. The means OF access-by Erie Railway
cars and ferryboats-are now excellent. thirteen
trains running each way daily, kom early morning
to twelve at night. 1t will shortly have two more
railroads opened to the northern and southern ends
or the rUwn, thus nsuring open travel ar all tmes
There were built In the town last year eignty-seyen
buildings, including three churches one church and
school room, one large public school house aud
elghty-three dwellings ana shops. The present ind
cations that there will be more this season, as
about twenty TO thirty are already started. ana cap
tasts are beginning TO see that there Is money to be
made by building where houses are In demand as
they must always pe here wnere you nave the
pure air of the country aud can get
TO the business centre OF New York soon
er and at less cost than from the upper
part OF the city, and can buy your house in Iew
years by paying the rent required in the city Ior
floor IN tenement house.
The real estate market proper exhibits no new
features. The agitation in tue rent market unset
tng values operates against transactions, persons
desiring TO buy generally holding OF in pectatlon
Of cheaper market after May.