The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-07-07
THE NEW IDEI nv BUILDING.

gard to n new idea in building has brought G.,
many inquiries ms to details that further OK.
plantations now seem to be necessary. In brief.
is proposed to sell houses on monthly pny.
ments that shnll not be in excess of fair rent.
nj for the same size and style OF building those
payments securing to tho buyer in ten years
free and clear fee simple title TO the properly,
This plan would he productive OF most good IN
the ncghborhood OF large cities. for there, IL
generally adopted. II would abolish tenement
houses. and. by giving every family separate
dwelling. tend to promote cleanliness. health,
and self-rcspect.
For the cheaper class OF houses. lots on tho
outskirts OF Brooklyn and Jersey City. or In the
upper wards Of New York would bc we'll ndnpt.
ed. Such lots. located on high. well-drninrd
ground and convenient to street railways rnn
now be bought for 5000. Suppose n capitalist
werc to buy nifty such lots and put up on them
fifty four room houses to bc sold ut 90 n month for
ten yours. The houses would he OF two stories.
with substantial frames, sheathed with hctn-
lock boards and covered with sx-inch Michl-
gan siding; would have tin roofs neat
front porches. and Venetian blinds. Each
would have q cellar. and the inside walls would
he 9ii feet high. done in hard finish. On the
first floor would be hall three feet four inches
wide. from which. Mt right angles would mount
to tho second story an enclosed stairway; alsoa
49,, feet square which would also serve ma a
kitchen. and contain sink and smn range.
On tho second floor would be two chambers,
each 12li feet square. and one Of these might I've
divided into two smaller rooms Each room
would have u fireplace or a nue for
stove. These houses. each 12bsx29 feet on the
ground, can be built. and we'll built In blocks ot
eight for t3i0 each. Therefore, ns each house
would stand on but half n lot. costing only tl10,
tk..l. aoI lott, th..r x,.ll
after adding ten per cent. for the owners profit.
could be- sold for $751; CRATER including in-
tcrest Mt seven per cent.-for SO paid monthly,
with free title Mt the end OF ten years. Such
accommodations are TO b. had nowhere In tho
vicinity OF New York for n rent OF even $40
month. and 1t is therefore evident TINT such
houses would. II sold on tho monthly plan. 10
disposed Of faster than they could he put up.
That tho workingman would be greatly Bono
flied is clear but how about tho capitalist,
What will no have received. beyond the salts
faction OF helping the poor man TO n home Of
his own1
He will have received seven per cent upon
his investment. this being included in the &c
per month. He will also have received two
per cent. profit on the houses and lots sold.
And as he has covered with the fifty houses
only one half OF his lots. he will have whatever
enhanced vnlue the remaining twenty-five full
lots have acquired. A low estimate Of this will
probably. no ono hundred per cent. or say
f5.000-that U.s. he will have received his ssven
per cent. interest and in addition. 49, per cont
upon the total s27 900 invested.
Men who now pay from 1900 to $500 rent will
want better house. and lot in better and
therefore more expensive neighborhool; per-
haps they may want to 60 further out Of town IN
the line OF some steam railway. where they can
Il haV Ian ada o1, la,
OF pure air and sunshine. Wcll-locatcd land.
OF good soil. susceptible Of thorough drainage.
| and within an hours ride of Now York hy near
| ly any Of our wcll-munagcd railways. cin now
be bought FOR price not exceeding its vniue FOR
| farming purpos"s-say 800 an acre. Fv" hum
drej ncrcs ~ such land would cost s50.o1o. and
another 100000 would be needed to open and
grade streets. lny sidewalks. Introduce gas md
watcr into the houses. provide an efficient net.
work OF drainage and to build u church. a
school house. and n railway station. The tract
could 10 divided into about two thousrn lots
OF 5Ox200 feet-sach one equal to four city lots.
Each OF these lots will. therefore, hnvs roet -
| Ono hundred thousand dollars will have boon
absorbed in the land and improvements mud
tl500o0 more will be required as working cnp-
ital. With this the operator can safely SGT nut
to build $50 houses for experience has shown
that the larger number Of houss buyer. prefer
cont. which has been required. under this sYs-
TEN. to insure good faith on the part Of pur-
chascrs. He cnn put W tho various kinds Of
| houses that will be- wanted. varying in value
from 81. 900 to 5000. and even 5000: hut here
he will soon find that the majority of buyers
want TO plan their own domicies and conse.
quently will buy them from given plans before
| they erected.
On one OF these furthermore lots let the ope.
rator build house Of eight rooms. The main
| part OF II il two and halt stories high and 1928
foot on the ground. and II has n ono story ex-
tension OF l3xlG feet. 1t is so arranged that II
has IN airy cellar underneath the whole house;
on the first floor n roomy hall and vrstibule a
parlor i3xl5 feet, dining room Of the same
dimensions and n kitchen l2x15 feet. In which
Ia n sink and an elevated range Tho space be-
low this kitchen might be finished on and used
as kitchen. and In that caso the room above
| would be the dining room. On the second floor
are three chambers, one OF them l3xi5 feet. and
in the attic are two more OF nbout tho same size.
The ceilings OF the first story are nine md a
| half feet high those OF the second nine foot,
and all the walls are done in hard finish. Gas
and water are throughout the house. with wash
bowls and wash trays wherever they are needed.
| There may nc bath room. II the buyer can
| AFFORD an additional $40. Outside there l.
| roomy verandn across the front. two bay win
dows at the Sides. and. altogether, tho hous' is
really an attraction. 1t has cost Al. 300, not a
| dollar more. The owner adds to that $50 for
the cost of the lot ~ j0X201 feet md 1928 for his
ton per cont. profit. and then soils house and
lot for 1875 on rasy trrms-tl6 n month for
ten years-to some worthy young man with
wife and two or three children, who has boon
paying n rent of $3.50 for five upper rooms ina
French A., in this city, and struggling to make
tho two ends meet on a salary OF thousand
dollars.
This young mnn thus ncqulrcs snug house
and garden less than nm hours distance from
his work. to md from which he can so every
day in the year for about $50.
Lost 1t should be- thought this Ia fancy
sketch l will say that precisely the house
here descrbcd was built three years MO.
md was sold for $1,000 to young man em-
ployed in Wall street on n salary 81 1920. lie
wanted an oxtra-sized lot. costing 500 more.