The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-03-23


and which would be no obstruction 70
future improvements, -.e prevented from doing SO.
u the building laws should be amended as TO allow
the erection OF cottages and other pretty ana con-
venient abodes In the Boulevard region the inhab-
itants would not be obliged TO seek 10 New Jersey
Brooklyn and even Connecticut suitable accommoda-
tions al reasonable when the time arrives for
The erection OF more costly buildings. sayn ten years.
these cottages could be pulled down 10 make way ior
elegant cdhces that would be more appropriate at
that time than they are This would furnish our
ctizcns convenient and pretty residences from which
tue progress OF Improvement and investment "oua
not eject them for certainly the next decade.
PROSPECT ON THE WEST SIDE
show rcnisS"
"A little lower. clearinghouse keepers are de-
mandins less Private dwelling house Scelers cry cry
lower rents The fashion is low rents french hats
have interiorcd with nne houses and they are a niue
fashionable. good many families are trying Hats
"Hard times. that's all The rents fats tum-
bling For thoge which rented Tor Slio per month
but little difference ats that rent for $50. $40 10 soo
per month. Such fats are IN demand
made retrospective What ought to have been done NJ
the start would have been to have run an elevated
quick transit railroad, aud not to nave exnaus,ca we
and the energies and ambition OF the nodcrs 81
lots In constructing costly fashionable drive
''Boardinghouse keepers complain that they canno.
Il Tor almost nothing That Is to say they want lust
good board with the same accommodations ior hai
house Keepers c~nno, sord it, Notwithstanding the
reduction IN the accessories Tor family consumption.
lady tenant has just called ana sold me
that o gentleman had applied TO see her
rooms al don't know what you pay TOR rent" SAID
he, "but you pay too much" We mad already taken
on $500 In the amount OF rent "How much Tor lhis
room 90 was asked. 'rwcniy dollars per weck-lcss
than my tenants Usual price" Cant paw II; VIII
give you $l5' which would have taken on more than
hall the whole amount OF reduction IN the rent IN
single case.
'At that rate boardinghouso keepers cannot mako
much out Of taxing bohrdersy"
"Why, Sir, II rents were absolutely given irec 10
boardinghousc keepers, they could not i've the de-
able They don't reflect that sonnet ming is to be paid
city good government for their protection IN
life, limb and properly. All they must pay lot TINS -
through their board bill Tho clearinghouse keeper
pays The landlord and the landlord pays the city axcs
All boarding people expect too much" Furnished
houses arc IN demand tho spring for boarding pur-
poses. They rent from $3.50 TO $500 per montn-at
least $50 per month less than last year But there
moro boarding houses 10 let uniurnished Than iur-
nishcd OF course at a lesser rent
"Ths real estate business has not been profitable
because there have been no regular sales tho sales
being mostly on foreclosures. with which brokers
have nothing do, the proceeds falling into the
ri do not think there will DO any further reduction
In the rents Of private dwellings, than tho landlords
nave ud VII yoa 90 down auy urher
There Is not an over supply oil good houses ID inc mar
kct at moderate rents"
BUSINESS PLACES UP rowN--vIHws OF PROMINENT
LANDLORD.
"Rcnts in business PREMISES" said he, "must como
down"
"whya"
because manufacturers cannot afford to pay tho
excessive rents heretofore demanded"
"Why can't they afford 10 do soT
''The competition IN trade Is so great that their
profits will not permit them to pay heavy rents. Tho
landlords excessively taxed that they are CON-
PEELED high rents 70 get simple interest on tho
money they have invested can cite as an instance
One OF my buildings, used for manufacturing purposes
including steam power, $4,000. The taxes
and other expenses such fuel, repairs, engineers
received IS about $4,000 leaving 81 800 or abons I'VE
per cent on the amount invested There are times
when that income Is not received on account OF ten
ants leaving the premises being therefore unoccuped,
which should DO taken into consideration In estimating
tho OF estate. But the tax gathcrcr IS
memorable, and the property holder has TO pay up
whether his premises are occupied or not In my
property used TO. dwelling purposes there IS also re-
duction IN rents"
Ono of the most experienced aud popular architects
private and family residences in the city was asked
what was doing In his line
Compensatory nothing" was the reply. "Therc
is very little new building going on We have already
who pay rents have been getting no business and
owners OF property have not been receiving their
rents regularly. Hence .ney are NOT a'sposeu 70
money until they see chance Tor receiving proper
percentage upon their investments. work Tor GER
old property holders aud do not 60 outside Rents
promised be paid year ago have not yet been paid,
ANA there Immediate prospect Of their being so.
Forty .nfth and Foriv-sxth streets. which have
received to-day order to have extended the whole
front Of Tho @ Been s
carry out the improvement. But now they do not
wish It account OF the Increased rent 1t VIII Involve
of paving increased rents ask u reduction"
..Wnat do they assign rs a cause for thisY"
sThe reason that trade light the traders have
To economze In all their expenses. These houses
ready be altered The landlords have the money TO
make the alterations and willing TO make them at
any time the notify them they can pay the ad
vanced rents the additional interest attendant upon
the cost OF That the way the matter
stands. And IT Is pretty much the same way In other
business parts the city where improvements have
been contemplated. Tho tenants cannot afford 10 pay
any more rent and tho work is suspended II not
stopped, Indefinitely"