New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-12

high and in other respects be similar 10 The Alba
n.y. GU the Of Fiftythirdst. and Broadway Mr.
Woodruff OF the oldest builders in New fora, pull
ing down odenenents and building Eats and on my
Ixtn-.t.. Broadway other Hats are DeLS eseceu
number OF wornsmen being now engaged In eAen
WITH the exception Of choice localities, private resi-
dences are All lower this yerin some instances 10 per
cent in Others - per csn o, 1He To- For
secopds rents in many cases are 10 per cent lover ana
an DECLINE at and M eT ST. osH and
siIthaves. house in Last Portysixthst near Fifth
M eoss ny he IN, Sad bs for and probably
les. Along Twentythrd ST. east Of Rlgh-ave, houses
ives, of Eshthave bo,ses which rented last year for
81 500 hid for $3.50 AZ rule, all honses from
300 Iof their own and those above $1,000 lower
from 10 10 20 per The agents al acknowledge that
they this frat week OF April mdrs houses ON their
hands than at the same time Last year
For 10 yesrs past it has almost been Impossible r get
owing the unwiingncss OF reslers TO pay the Same
prices Their sales and PROFITS have been greatly cur
have been scceded W in many instances. An Eighth
lease used to be plum Tor the occnPans Oh
the another person ut there Is no 'urh chance
Of higher priced storcs are very weak This especially
tho rse from Abnxdonsq 10 Fiftoen.h't ana All slons
The east side OF Eghth-aye, where red are always ~
nr cent lover than on the side. Rents aosg Sixth
quite steady owing 70 The dgand ST s9res by
ever there decle o. at least 10 per cent al along
NEw-roRK's TRANSITION STATE.
rents in EewYork City, must be remembered that the
metropois Is now more than undergoing vast
change 1t Is In transition state, and while IN thai
state il only natural tat certain localities and houses
"have their history as the agents term it, apart
fom any hard times or decline In real estate Take for
Instance Rghth-ave. The small fancy goods stores
are being rapidly driven OUT by lhline ii1
D SHs tSe Whole SG Vest ~ sS and
others are all concentrating in siIth-aye; Again
furniture men steadily pouring H. masking tnat
th.ir
partly and Twenty fouTthst wholly deserted by PR e
these streets The reconstructed Nathan mansion has
been rented by the Adams Express company ~ Dicu
naming in the street cour-a Insist upon lower rents,
they get only short leases IA tne oWners Wei KNOW
he wanted for purposes The same IL the case in
If occupied almost encusiTey Oy
GROUND Tor the OATS between Fifth and sixth
ayes at the time providing for stores underneath
Nichola. Hotel there Is a general decline OF rents
ali along the line. amounting TO at least - pei per
way ia in transition state. The Madenlane
and John-st. merchants have begun &c move up
vet in such force create scarcity OF room That
win n a $1,000 TT so re II estate MOI has s at ali
declined In value, but there are some localites
which must necessarily snler r, nenpoifly VIM" me-
the transition stare continues: The very iact that
new lines OF trade orc CONTINUALLY SOWING aIons
Broadway is saying nat thoi0usate Nom p erns
machine establishments, railroad Offices DOoK stores anu
fancy goods all gong ON BiusuWay abu WHO
the decline from Nicholas Hotel 10 eithst pre-
walls there IL no change whatever In rents below the 81
Nicholas In some instances better rents nave Deen
obtained Between Rfade aud Canals SITS. not single
store il ~ let Another important reason why broadway
rents are not Ill higher IL becase the drgOOds Jobbefs
who used paw the highest rents are moving 10 SIDE
streets large iobbDg house, are now III existence IN
leading citie. West and South Buyers do not come
here In such sxsrIn- before. NewfOrk joDbers are
compelled 70 maintain corps Of expensive commercial
travellers. aud cannot aao ~ pay the hea'y broau"ay
relts IN addition. 81,
The dry goods trade il again concentrating In the side
streets with WuTthst the great headquarters BIoOnr-
st. firms arc coming back TO IhOas-st PeHkrs hrm Is
coming back Rom Howard 10 widest, almoat hall milo
and another firm rs sung down from Grand to Wakorst
White-t firms moving 10 Iboinas aud worth ana
1lkrr sr,et tcruns moving 10 Lonlfd-sI lntheSo
,.u,iu IN rruts VI u