New-York tribune., 1874-04-25


last years rates Houses are more sought after In the
middle belt OF the city below Fortiethst IN comparison
with other sections than III some years preceuhR REQ
pe are tired Of rides up and down town. ana rents
about the Park and in aud about Harlem have dropped
of Applicants for rented houses expect large reductions
Tbev want t500 OF 5000 house. but do not often get
more than 500 $500 IL Is mucn easier 10 INDUCE iau
lords make repairs and be"U
flats east of LexiDgtonaye and west OF sxth,aye are
moi much sought There has been more construction OF
these than there demand for In the Westminster dis
tcts sales rather slow ana renthS Is ~
ng for occupants Westchester rents are low however
when rated by the valuation OF properly eneae oote
rents have been pushed too much or late years as is
by the unoccupied buildings on the east OF mon
smare II would have been better to have kept them
az residenoes Busne IN Fthave IL not very enc0ur
aoInS eYcsnt close by the junction with Broadway
The Holmes Brothers OF No 4G East lWenty-tnlru,sI
affirm that there been and will be considerable iai
n rents this month Agents may try to smooth over the
matter but there is no use 10 conceaibe tie u, noHe
of them deny that they have more houses on the
hands than years before, when the season Is SO lar
advanced. Property-owners have been very antous
comes are realizing that rents cannot be maintained az
nearly last seasons rates. Applicants generally de
mand reduction of IS per cent aud Will accept ltte
less The Willingness to engage houses OF the highest
rentals is marked but the oneS
in and must have cheap rents Many Gi them are
ready TO go out OF town or even 10 90 H Of
the city, where there have been generally SO lew houses
available great many houses vs are on SS
houses which have been up q long time. New1ersey
and Long Island are taxing very .mauy VIM
must have low rents In several small Long
Island towns we have ascertained that every
house was taken fortnight ago. Many are moving
10 Newark and vicinity where houses can oe leased
for $500 and 5000 which would rent for $500 on TINS
island aud parts of the Weschester district for
nearly q ooO People 9 Westchester seem TO think that
old houses wi rent as high as new ones In NewJersey
Long Island. Rents forbiddingy high in fremont
ami Fordham. while Morrisana has bad reputation for
fever and ague. Flats Manhattan Island are eagerly
taken up when they below Thirteth-st, but many
OF the uptown flats have leen vacant for long tme
Only cheap rents wi tempt people up town before rapid
transit comes. store property 10 slowly rented. Con
cessons OF 2 per cent generally admitted. Business
Is not spreading Tne few additional buildings which
have been altered into stores pd tenans with difficulty
store rents IN Fourthaver from Twenty-thirdst. TO
Tnrtietb, are very unsatisfactory About Madison
square they rather dull The Union Dime Savings
Bank, IL is said, has bought the property Twenty
thirdst. and broadway. aud will erect elegant
building there That may enliyen business In the iu
M vicinity. Store rents well maintained from
Twenty -1rsst " UniOp square, but the Square nd
I'M Broadway below the Square there much depression
ases have run cut and they cannot lie ewed
except and 30 per cent reducon aud in
even more We have basement TO rent on Broadway
when "A 10 W years WAS let for 5000 Now
should DC willing 10 take $1,000 Propertyholders sav