New-York tribune., 1874-04-25

Wait; property will soon rise IN value But TIL It does
they must concede IN rents
prominent broker on the West side SAID thaL
he did not wish to he quoted az helping to break
down the arket but declared that all ,i,tan rentals
were In n very unsettled and backward condition.
Owners slow to yield Many Of them VIII not open
down their rates much until after the ist of May but
finally they will be compelled TO reduce, and tnat
,ba are glo, bere broken market IN all
classes OF rents down TO the cheapest Even n hous
@ ,he rents OF which range from ooJ 20 pe daserng
the fashionable quarter between Fourthaye ana SAtm
ave and going TO the East aud to the West for lower
rents.
Morris B. Baer No 996 sixthave said that although
large part of the renting business is now done,
good many tenants hold back, demanding large conees
sions In houses of high rents there will probably pe
from 10 10 20 per cent decrease The people who for
merly wanted houses which rented at from $1,000 20 5000
now content with those which range from sl2w 70
s. 200 People who have lived on the backbone" OF
city In search OF cheaper quarters Inc
demand for houses OF moderate rental VIII prevent
good reGnes Their rentals range from SIS to $50
month Building these is lucrative Investment, oas
shrink from the outlay. American fats with rents OF
$40 to s5 per month not much sought west
chester rents find pretty dull Many city propetfy. ~.
owners are so strenuous resist the general demandlo
reduction that they say they Will hold over uu + an
rather than concede when taxes high expecting
that trade will revive enough to keep rents firm 4,
b. W. Williams, No. s37 sKh,aye, said tnat rents o.
highpriced houses fall off from 20 to 80 per cen
For nedum-pficed houses there is good demand. and
some owners IN the eastern ana western parts oi v @
Thought disposition economy would bring an ln
hux OF people from the fashionable quarter
nearer to the Some of houses which nave
been renting for 81 200 have raised their rent 10 5o
and 81 600 houses nave been raised to $1,000 -, -,
Tmpson 4 Peet, at Broadway and Forty-fonrthst,,
assert that the demand for houses renting from sJO
g. 500 must force concessions in the hiShcTprlced We
ings. Nevertheless, there are new houses IN Forty
second Fory-third, Forty -fourthsts. which are
renting easily at S30g There Is good demand M iOI
flats in this section of city rents from si 10 wv
per mouth The highest priced OF these have jantors
We find the into the country large this year
People who want good accommodations for Sl2DO or
81 500 per year must take fats into the country
broadway store rents in this neighborhood are dnll
Owners have raised their demands on account OF he
widening OF Broadway, and are asking prospective
rather than immediate rates But there Is Ieeihe h
among tenants that further improvements VIII be
made for long time. There are several blocks Oh nc"
stores Eghth-aye above F0rtysecOnd-st Those De-
tween Foreth aud Fftieth-ss. are IN pretty good re-
quest j. f. Leaycraft No COS Eighthaye., said that
there considerable number OF far houses Close @ NY
the rent at $1,000 10 1880 and very nice ones
for 500 sl4O0 There is little call Tor hgheI
priced dwellings store property IN general e ON ty fap
many rates excessive Tor the times are NC
manded.
STATEMENTS OF BROOKLYN RENT AGENTS.
At the office OF s. Hondow in Montague-st. the In
qurer was informed that houses the Hights and
everywhere IN that vicinity have rented well this year
with little reduction from last years rates. Ia the
in other parts OF the city there has
been a reduction OF at least 10 per cent fair demand
for far houses on "the Hill" has appeared, but the
season. in the main, has been backward, and applicants
demand reductions. There has been an unusually large
prOportiOn OF New Workers ana not rev persons IOn
New-Jersey. The New York applicants generally want
nice within easy distance from the FERRIES Tor
which they pay from 3l,2Oo 10 s2O0. while in their
own city they would be obliged 10 pay nearly
twice as much for residences Of the same class.
Not many Of them are willing to go to new
streets, where many new buildings have been con
structed recently Halseyst. Deeatur.s and others
within about an hours time of New-York City Han Hall
There are many good houses in that vicinity sun open
Nice brownstOue front houses there may be got fOr sO
and about Prospect Park for from $500 TO 500 In south
Brooklyn there few desirable houses sun uneh-
anted In business rents in Brooklyn there has Deen
more decrease than in those OF dwellings Large stores
have fallen from 10 to 20 per cent Smaller stores nave
Al the onice of d. & NJ Chauncey It was said that
house rents are much easier than they were last year
bat without many heavy reductions. Nearly az the
about the Highs and the HUI have been taken
Numerous houses still open IN tue outskirts as there
have built there OF late Rents are very
low there compared with any other desirable section OF
cit her BROOKLYN New-YOrk Many inquiries have
come In for suburban houses within few days
good part OF them from NewJersey people j. \.
Wyckof ir., OF the firm OF Wycko James AT nfst sau
that as there nothing encouraging TO say ABOUT
Brooklyn rents he preferred to say nothing at all lie
aerward declared that although the season was back
ward. there much OF an influx from New YORK as
I'm the past, with noteworthy tendency toward the
outskirts where houses are cheap
A member OF the firm OF Moody & Haekley, In Mon
tague ST. said that houses BrOOklyns choicest quar-
ters aud about the Hights, had been rented readily
Win Geshs anc U and De aavss ABOVE raw
mondst. also, there has been fair business oeyoha
Bedord-ave and generally In the OUTSKIRTS OF lhe CITY,
many of the houses which have been but recently are
tenantless although rents are very ow giving owners
moi more than 2 or 3 per cent the money invested
re earnest for reduction in rents
aud hold back till after May L. LOOKING 10 lhahe
favorable terms then Landlords don't require much
urging make repairs but will not cut down rents III
fLey can avoid It, Applications from New York are as
many as in former years, and considerable part want
fine houses-ighs houses which rent icr rpm s2o19 TO
OF them willing to go TO the outskirts as they are
separated much in time from their places oi business
In south Brooklyn there has been reasohape acu'y
A