New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-12
THE RENT MARKET.
CHEERING OUTLOOK FOB HOUSE
HUNTERS.


DECLINE OF TIN PER CENT IN HOUyE RESTS-THE
MIDDLE CLASSES DRIVEN OCT or TOWN BY THE
LACK or SUITABLE RESIDENCES ADAPTED TO
THEIR MEANs-AN ENORMOUS DEMAND FOR
BoARDISG-HoUsE ACCOMMODATIONS GROWING
POPULARITY OF THE FRENCU-FI.Ar SYSTEM
REMARKABLE CHANGES IN BUSINESS cENTERa
The season is now 80 far advanced that the
public derive information In regard TO the
rent market in this city Compromises arc now made
between landlord and tenant both Of whom have been
exorbant In their demands February 1.-The former
for the old rates. the latter for enormous reductions
Besides, the season has been exceedingly backward
that only within the few weeks have househnters
begun their annual search for better, II not cheaper
abodes.
At no tine has there been much rent overdue on the
part OF the working classes there Is to-day from fami
lies whose principal supporters have been out Of employ
men during the past Winter. The following scene, VIII
messed by reporter Of THE TRIBUNE in prominent real
estate Office up town. gives exactly the state OF affairs as
to tenement property:
Enters idly dressed matron, handing small roll
OF bills to the agent This IL all give you this
month; next month hope 70 make up the rest"
Agelt-Mrs. b., I'm glad you've come at last: but this
Il not enough You have not paid anything for three
months
Mrs. B.-Cant help 1T; my husband has been out OF
work the whole Winter. He only got work the fst OF
the month and when he brought the first weeks money
said that the rich landlord could wait till bought the
children aome shoes and stockings
The agent could say nothing and the good woman went
her way rejoicing. The agent turned to the reporter and
said that such occurred almost daily that the
working people greatly in arrears and in most cases
they had to bear with thcm especially times i'm
proving.
WHO ARE MOVING OUT OF TOWN.
There ia evidently want OF foresight the part Of
property owners, who actually driving out OF the
city most useful clas Of citizens namely the employees
l,oa frnr, r.AA 10 hay
ador pay $500 or 5000 rent and the entire
rent market offers nothing suitable for hem unless they
take half house with other family, an idea rcpg-
nat to the sefrespect OF large class Of worthy people
This subject requires the immediate attention OF capt.
talsts and popertyowners, the cass who remove to
Brooklyn and NewJersey IL composed exactly OF those
people who have certain fixed incomes and cannot find
suitable habations in NewYork City They are driven,
II compelled TO remain in the city to the boarding houses
TO Cats But then the fats apartment suites now In
the market altogether too hglprced for this class OF
people. There is not sufficient supply of lowpriced
fas with rents ranging from $40 20 $50 per month In
any part Of the city at least not in locality which
be called respectable.
The result ID that the boarding houses reap the advan
tages. All real estate brokers' agree that there ID not
surplus Of clearinghouse IN New-York The demand
for accommodation In boarding houses is enormous
simply because there cheap homes for the middle
classes; and hsnoe there will DO found after May
large number OF boarI ghouses 10 the most fash
ionabe localities OF the city In every instance where
welltodo family has been compelled 10 vac3te its
premises for cheaper quaters boarding keeper
stands ready TO take the house at the same rent
THE APARTMENT OR FRENCH-PLAT BUILDINGS.
That the French fats or apartments are becoming
more and more popular there can be no doubt as may
be shown by accurate data. Just now they are mort
profitable The investor In ts Kind Of property As
vet however New-York is only in ts infancy, in this
regard though Il is making rapid progress in
this style OF bndngstOo higpllced IL is true for the
class OF persons above referred TO- but, nevertheless
finding Immediate occupants among the lower crust OF
the upper casses for whom 500 TO $50 per month Ia
toieraby cheap rent When that class is once fully sup
piled property WILL perhaps their attention
toward providing the snre facilities ut lower rates for
those who compelled to seek their homes across
either the North East River.
The best illustration Of the pornlarity OF the French
APARTMENT plan the success which has attended the
letting of zrtes n the building covering the entire
block along broadway, between F1ftyhrst and Fifty,
secondsts It called Tho Albany" and the ground
and building owned by Gen. Butierned Lewis May
and Mr. King The building at this moment is not even
finished In it, various details, though resdy for occu-
puney and yet up 10 ibis date out Of 32 ss OF apart
nenfa already 80 suites have been rented for May ut the
following rates: