New-York tribune., 1874-04-25

mand for retail stores is very slack especially
about Twenty y-thrdst. and Broadway. On the
avenues many storekeepers doing hardly enough
business to pay their rents and there has been such
upward tendency OF business encroachng upon property
used for other purposes In past years.
The Potter Brothers, No. Warren-st, declare that
there Is fair demand for dwellings toward the upper
part Of the island the West Sde which be reached
quickly by the Elevated Railway and tho trains OF the
Hudson River road. Rented houses In the new wards
also fairly sought. Annexation prevented any re-
duction from the panic. Many persons are renting
houses there with q view to building Rents
certainly low II the advantages OF he section are con
sdered. Pleasant houses may be secured In the new
wards for $500 per year. while houses OF the same class
rentfor $1,000 in NewJersey towns at the same
distance from the City Hall in point OF tme and nearly
high Long Island. There is not very large num-
ber OF buildings in the Westchester districts this
Spring because OF the universal business depression.
The limited number OF buildings helps to keep rents firm
member OF the firm Of John Lloyd & Sons, No.
Warren-st who rent much business property between
the Battery UniOn-square admitted that the number
of stores which have remained unlet has discouraged
builders. Very few capitalists are building wholesale
this for that Business renting has
been late this year. and unless there is Improvement
before the 1st OF May there will be falling off in prices
Broadway stores not much sought partly because 1T
demands peculiar kind OF business prosper Broad
way The lists of stores styl untaken areaong. In the
Eighth Ward however, there has been considerable
activity In store property but In South Ffthave for
instance there is very little going on We consider that
the wholesale and Easements have been
low of late years. and with the high taxes and other
demands upon them, owners cannot consent TO much
reduction. Offices are in tolerable demand
STATEMENTS OF AGENTS ABOUT UNIoN-sQUARE.
Hiram Merritt, No IS Thrdaye, rents large amount
OF property the East Side up 10 Harlem with many
stores. also doing considerable business the West
n1op of for nnusp nm tn
s2O rental but above that figure, even in the choicest
sections there is so much duness in transactions that
coming down. Yet there has been more of call
for nice dwellings below Union-square thsi year than
for many years preceding Business men wish to he
near their places Of business Not few of those who
moved far up town several seasons expecting that
rapid transit would be brought about soon,
have become discouraged, and look for houses in
the middle section Of the island. There are only
small number OF houses available for renting 10 the
Of Umonsquare, or in the neighborhood OF Cooper
Union these engaged early In general rent
ing has been backward and DUH Tenants have held back
leases without much change OF rate Ihere s note
worthy tendency this season 70 be satisfied with resi-
dences east OF LcxingOn-ave and west Ot SiXthave,
with their cheaper rents. The want OF new buildings
for dwellings prevents great break IN the market
The section Seventeen and Seventy irssts has
number of dwellings and there fair houses can be
secured at from $500 to $500 rental distant from 80 to 60
minutes by the street-cars from the CITY Hall In
Brooklyn, at the same distance from the CITY Han IN
point OF tune. houses of this class are not much
Cheaper. Iu New-Jersey they somewhat less.
| do not fnd so many persons usual who
are anxious for suburban homes, in spite Of the
disposition to economy. They prefer 10 stay in New
York. hoping to get reduction in rent Houses for
renting IN wards are in fair demand but there
Is no such rush that district had been anticipated
Business has extended It's limits very little this year
Taere are few stores, ana few buildings are now
changed the several avenues. The time for
alterations stores is chiefly after May l. Neither IN
any part OF Broadway nor In the avenues nave business
enterprises encrOached on other property To any great
extent this Spring Retail stores with rentals lower
than 5000 are acceptable Blgner-prlceu ones 80 on
tarly, and with CONCESSIONS but owners OF property
both stores and dwellings, already get too poor return
for the captal in yested heavy reductions,
while business men who have been ong established ~
particular not apt to leave them and lose their
set OF customers, even II they cannot get much reduc
! tiOn Of rent.
OF French flats says tna real French nashoso under
charge OF janiorin which none Of the care of the
y this season last years rents The American flats
| where there janitor, and which are only high
class of teDcmcnt-hOuses, arc not so much called Tor
a good many buildings nave been altered into these
flats of late years. and the market Is somewhat over
stocked. Rents above FOry Second-st have fallen oil
much 10 per cent this year. and there were never SO
! many houses with placaris on them announcing that
| they are 10 let, late III the season.
member Of the firm OF Ogden Clark, Union-square,
There decline i'll broadway stores One store,
instance which rented last year for s25 oO this
year is taken at $1,000 Medlum-priced stores are III
toerable request business Is not pushing for more
room Nearly all Union-square has been taken up for
stores but the advance has been mdde 700 Iast anu
several buildings the East side, when nave Oeen
changed from dwellings into stores have been unOccu
pied for cOnsldeIaJle Time IheIe are very re-" ho"
firms this season. In FOurteenthst, just OF F1tthaye
Is u
been taken at falr rental hadSoh,siuaIo rs @ nNl
pressed upon by new business concerns The kurtZ gar
ery the only step forward that business has made this
season ia that neighborhOOd The opening OF new
stores ON FIith-ave. above and below the square,
Twentyeichth-st. there several residences which
the owners are ready to resign i9r business,
but they ask such eXIravagant rentais-ln some
cases S5O a year. inst they stand before alteration
That iuyes nen Is out OF the question ln rents OF
residences there is not large decline. Taxes are SO
jgb tt owners cannot afford TO drop their rates much
In houses rentals from 81 500 TO $1,000 there II con,
everaI 6onses al last years rates above s. 900
are much cut into. Renters have been very backward
and show disappointment unless cohsderaOie curtdiuLg
Is dome In the neighborhood or Unon-square fairly
sized wesuated residences are rented at an average
of about 5000. In Flushing desirable house WIN an
eona number of rooms may be had for $1,000 year.
I'M NewJersey towns-Plalnhed for exempie-at even a
lower rate Ncw-Jersey rents In the choicest places
show DO falling of, ana are comparatively hsn. In
the Weschese districts rents are rtnef du ts season
There is good demand lor houses Ill 'oAeIs anu "o"s
the Hudson.
The VIEWS OF UPTOWN AGENTS
{ r Goodale of No. West Twenty -thrdst. asserted
that there are hardly more houses to rent between
Fourteenth and FOreth-sts than there has been De
mand for Good boarding houses IN brisk request par
tenary in neighborhoOd OF Fifthave such houses
rent $4,000 to s5oo with scant reduction from
last wears rates. Houses more sought after In the
middle belt OF the city below Fortehs IN comparison
with other sections than i'll some years preceding REQ
pe are tired Of rides up and down town. ana rents
about the Park and in aud about Harlem nave dropped
off Appcants for rented houses expect large reductions
TbeT want l5)O OF 5000 house. but do not often get
o,s ina sOO or 5000 IL much easier TO induce land
inrds 10 make repairs and improvements however For
rea French fats brisk inquiry. Cheap American
aas east OF Lexington and west OF Sxth-aye are
moi much sought. There has been more construction OF
these than there is demand for In the Westehestet ais
tcts sales are slow and renting Is backward III
T,emont and Fordllan many desirable houses are wait
iug for occupants westchester rents are low however
when rated by the valuation OF property there store
rents have been pushed too much or late years as is
gn by the uDoccupied buildings on the east Oh
s1uare II would have been better TO nave kept them
a. resfdepoes Business IN Fhave is not very encour
agtn0 eYcept close by the junction with BrOadWay.
hird-