The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-02-24

Landlords and tenants are now di-ouss-
ing t'.. question oi r.nt- for ill.," coming your
At prc-oii r,i.,-. after doiueing mN's. in-
surname. and rrunir-. very litc real r-iu' in
NrN lur, pays oyer four per cent. ON On" ace
tnnl value. as n.u-ur.d VS. recent salcs Il i-
Away ul,i -.bl.' fur tenants to claim r0duc-
ton: 10 cam q, no harm iithoy don't stand ont
too long. ANA may possibly do some eooi ~ 70
rule. thorcnN D he little Chang from last years
prices. Many ea-ns. in 'ur'- where tenants
have long occupied the property, have already
been renewed M last year. rates..
Below Uniom square. tho buildings ON Broad
way and the adjacent stre,t-, as far down ~
Broomc. are rather picntiiuly supplied with
pacards bearing the familiar legends. This
store a. let" and These lofts to let portion
of the st. Nicholas Hotel. 1jX2u0. running
through 10 Mercer street. IL in the market for
the first time in many years II is offered To rent
for hotel or other purposes. The dav Of SUI
ccssful hotels in this locality has departed the
property j. now adapted for large nrst-cla-s
stor's and only in this manner can 1t be made
10 yield anything like fair percentage on It's
value.
Retail trade Of every description has gradual
~ forsakrn broadway below Union square.
| while the Wholesale trade has hardly yet taken
/ n footing above Prince street The result *
seen in tho lowering Of rents from sag Prince To
/ Fourteenth street. az about ten - niocn per
| cent These concessions. however. arise pure
/ IS from local causes. AMI do not obtain on tho
! line Of Broadway from Fourteenth 10 Thir-
V-fourth street, where rents are firm
nj last years prices and stores in de-
mani store rents on Third. Fourth.
Sixth. Seventh and Eighth avenues have been,
Of late years. reduced TO SO low figure. that
further concessions. where asked are not grant
! ed. Consequently we see In these localities
more bills up than usual at this early season.
The aspect of the Elevated Road being in OF
GRAFTON hy May or June next has already had a
marked influence on uptown dwelling house
property. both in the way Of actual sales. and n
an increased inquiry for renting purposes. The
reason Is obvious. 4 dwelling which, in the
neighborhood Of Thirticth. Foricth. or Fiftcth
streets. commands, say 81 500. can be had be.
tween seyen,y.second and Eishty--iXth street.
for $1,000
The uptown houses are new rapleio will
every modern convenience. In a fashionable lo
entity. near tho parh and with steam ours run
/ ming 40 ull hours Of the d'y are rs access ] ]"
uractically as those situated at Forirth str, 9
In these hard times the saving of $500 per AN
mum in the way OF rent 10y simply moving from
an Ola house. out ot repair. az lori.rth street
near Madison or Fourth avenue. o. new on
near Madison avenue above seventeen street
is an argument which appeals very strongly T.
nil families in moderate circumstances
Already last year there was n considerable oN
; odu- from the down town TO the new uptown r.
gion attracted ly moderate rents and improve
apartment houses. This year. owing to tn
1 Elevated Road tho tide promises 20 set in NOR
, strongly than ever. Another element in the M
. town movement for those families who pass M
I summer in town is the neighborhood u III
Park whore children can at a moments motto
be dnily turned out to grass. This up-t u.s.
r movement mus, naturally have tendency
i, eluaizs rents Tor dwellings apartment house,
a French flats and toncments throughout ih
4, city above Ihirly-fourh street. The result wi
=. be cheaper rents below SiXtieth street as in
roriant concessions Will have 20 bee made
g prevent tenants going further up town whcr
!. houcclorwurl su.h very great Inducements ga
e b. offered them.
"a Tn incroas, Il uptown dwolier- will hril
il business 10 Third avenue stores. which no
r line the great east side horou-hiarn fro
4 For,y-srroud To above Ii.Aty- strr'
m Rents all through this now region arr" very Pos
# and owners can, before May /, find tnau's
"A last years prices. for everything In the way
,. small brown stone dwellings. lying hetwo.
SiNtipth aud Eighty lNth streets. fluh aNrul
~ mansions and Murray hin houses have ltt
- knocked down - low Inthe lhr lhSi tlI
years that there rrmnin- hut llitln margin ton
further reduction. In many 'a-"~ on"-ihird
~ the gross rental les absorbed by tuN'~, Co. p
X nothing Of insurance and repairs. " We ~
." avenue property below Ihtrioh street. cpl
TX muud- to-day ma 10 higher rrnlu- for hu~.n
to than f . dwelling purposes, broadway ON
A. rents down town ar" of about ton per cent.