The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-05-03
REAL ESTATE.
Some Suggestions Affecting the Market
Pertinent 10 May Moving.
f r E N @ H f L A T S.
Interesting Statistics of the Build
ing Department.
Cheerful Views Furnished by
an Expert.

The recurrence or moving day in New York
naturally brings with 1t some reelection upon the
present and future values OF real estate The an
nua change Of residence by so many people shows
clearly that by The steady increase OF rents many
tenants were compelled either TO contract their
tenements by going into apartments or seek
cheaper homes in Brooklyn, jersey City or Ho-
boKen The large number OF new houses erected
in the upper part or the city where street i'm
provements have been completed have received
eager tenants, and this fact shows clearly the
necessity Tor carrying out all OF the pro-
jected Improvements in that section. The stab
bornness OF the Comptroller in resisting these
operations has been dwelt upon by the President
OF the West side Association, and he has shown
clearly and succinctly the obstacles that exist to
prevent a speedy increase OF the market values OF
improved real estate. and 1t is quite evident that
in these contemplated improvements we can md
the only means for preventing the annual exodus
from Manhattan Island. But TO make these i'm
proyements really advantageous to both owner
and tenant rapid transit is essential
BUILDING STATISTICS.
During the quarter ending March 81, 1875, the
statistics OF the Department ofbuildings show that
there were submitted TO that department plans
$50 buildings, estimated to cost Also 100.
The numoer OF plans submitted In the last quarter
exhibiting gain III the capital proposed TO De
vested in the first quarter Of 1875 over the last
quarter OF 1874 or 01O, $780, The total cost OF
buildings and alterations during these respective
quarters were -
Last quarter ~ 5 5
Tint quarter o,is|oN
Increase.....-. $lSO6l2
The Improvement in the character OF more re-
cent building IS also noticeable IN the statistics.
Thus during the first quarter oil 1875 the number
OF first class dwellings, was II ana tenements le9,
\ while during the previous quarter closing 1874
\ the nrst class dwellings were IS and tenements
~, with an increased cost upon the buildings OF
1875 or over 81 000 fact reerrible to the large
I number Of French flats aud expensive nrst class
dwellings, proposed IN the Nineteenth and Twelfth
wards. In TINS connection IL Is worm while TO
notice a recent addition to those rapuy inereas-
4 ing "Frencn mats" the construction OF which Is
being largely stimulated OF late Dy tue delay IN the
adoption OF any satisfactory system OF rapid
transit as well as by the experience OF last winter
regard TO Terry obstruction. There mas Just been
completed on the sixth avenue 'front.', between
\ Flfly.hrst and Eity-Second streets, row or
nine buildings, each one containing three hats for
residences with store on the 1rst moor, the nats
being furnished with every modern Improvement
to this class OF building When we RENE mber mat
/ these improvements place tine tenant on the first
/ noor, by means OF separate bell. speaking tube,
pCacn " the bntcSer and the baker the mEman
aud the paper, the grocer and the ltnerant vender
Us II ne occupied the nrst moor. we can readily
tenants VINO have not The means 70 rent whole
houses and dlslLke tae communistic intimacy OF
4
COST OF FRENCH FLATS.
The buildings 10 which reference 10 here particu-
appurIsnances, over $500, 900. Each moor Is com
pete suite OF apar ments, and only three 10 mliies
skin avenue Is Of brown stone, the side front on
the streets being OF orlcx, with brown stone TRIM
mass ms - perhaps d 1ss most e5s0G ,or
! persons Of taste, refinement ana decacy OF feel
tSst snaii he no more Ike the old familiar isss.
ment house system tnsa Hamlet, as represented
Eam so1 saroaiss or TO- osssr 1ord 10 sup
suIute under the title OF French nats Tor the
present wrstcned double occupancy IN . house ,e
privacy, cleanliness, convenience, ana tnat pscu-
harly dlricut quality 20 oenns on this side Of the
Inc 6niIiinEs nave been erected under The
supervslon OF hessrs. Cockerlle spaulding
street. between Fulton ana Ann streets: the
Stevens Building, aud other puildlngs OF large pro.
Structure occurred last week, Then it was named
as above. IL MAS not % piism OF nre nor yet OF
IL might be Inferred mat union q these opposing
elements gave u "A encouraging send on"
Returning TO tue STATISTICS OF TIE Building De-
paHment we nnd tnat In the last quar- er-w nich
= me mrs; g1sTts d IS1sIners wsrs ward o. new sz
Nineteenth waro, ~; Twenty-second WARD, ~;
Iwentleih ward, ls Ine new buildings I In prog
ress March 81 were SOS; alterations, ~
An OWNERS VIEWS.
In conversation win prominent owner and
inquiry was made by the writer as 10 what eyt-
dence OF increasing confidence could be found In
the present surroundings OF tnls market, ne was
informed there was active demand al the pres
ent time Tor building lots in plots, with ouilders
loans, the inquiry DeIng confined principally 10 the
eixhborhood OF Harlem. lie also iurnisned the
following notes OF building improvements up
town, which. ne argued, would be much more
numerous II street openings nad been carried TO
completion as nrst designed. The following build
ings, he stated, were 10 be nnIsned within two
months Ten nrst class brown stone 'front.' houses
(.nree story and basement nlgn stoopl ON lSJth
sJrees between Madison and Ffta ayenuesi
twelve 40. on Skin avenue, between 10Th and
l27tn streets east SIDE; I'VE do on the west side
OF SIKH avenue, between l25tn and l2otn streets;
four ursJ class BRICK houses on lz2o street, be-
tween Futh aud sixth avenues, north SIDE. he
iuxther notIced tue recent
BREAKING GROUND
for ave nrst class brown stone nigh Btoop houses
on l25tn street, between Mauson aud FIfth ave-
nues, while plans are oct for four brown stone
ironIa, nrst class corner OF MADISON avenue and
L26fh street, aud also for six twenty.foot 'front.'
hooses on 12stn street, between Madison and
Fifth avenues. Toe informant Ia respect to these
improvements, also ADDED tnat according 10 his
Incarnation. he estimated the beginning shortly
Of some twenty eight nrst class four story brown
stone nonses additional 10 tnoae previously men
toned, between l26th aud 1854 streets, on tue
east siue. Loans are stated TO oe eagerly made
on building I'm pr0veneuts on Completed streets.
while great retlcence 10 felt toward l0aninR on IN
proyementa designed upon streets not yet opened.
Ii 10 IursaeT stated BY experts that down town
property 10 being stimulated By thia improved
tone IN the upper wardA