New-York tribune., 1885-07-12
THE KIND or HOUSES To BUILD.
NETWORKS NEED OF SINGLE DWELL

TOO MANY TEyEMENTs AND FLATs-oPiSioNs OF
REAL ESTATE AGENT.
"What kind of houscs would you advise a capitalist
who was looking for safe and far Investment 10
bnild a present I" was asked Of wcllknown uptown
real estate agent the other day.
The man of lots and leases replied Well, sir my
advice TO YOU put up all the small single dwellings
Won possibly can-paces that can be rented for rom
500 to 81 900 year. suitable for hat one family or
two at the most. These are what are needed IN New
yok and any number of them he rented as soon as
c,mnlelgd There never was a time when the demand
,or such : s'ructurcs great as II is Just now
buildings OF every other class that you can mention
are to be had in abundance, a. the mum per oi 10 'S
in the various streets aud avenues attest.
few years ago big tenementS we're All the rage.
Everybody that had or could get hold OF any noneS
nat il in these great, unsghty edihces. that aecot
modate twenty families or moro tenement OF ihs
kind wa, supposed to be regular bonanza bnt t,k
a good many property owners are coh'heea ,na, 's @
noton is altocci ber You sec. II does not
take a great many such buildings to supply large
nonnlaon with places ot abode Entirely too many OF
them have been erected IN tina CITY, In tle nis
they are agreeable inycstment; iou are ucan'
with the poorest and often times the worst classes
for no one will live in them that can help IT, 49, 10
tenants arc continually Guarreiing ana hgntns inoy
t,c no care of your property and many OF them seem
TO find particular delight III smashing thlss gene
ally Oficntimes you lose as much ny hohes, .cnaS
"a bv lad ones When good tenants gtt out OF WORK.
YOU are inclined t. be lenicDt with Ihem ana teiote
Won know it, they three six months behind with
their rent these arrears you can sciuom c"''c
ward for these people live from hand to mouth Inc
had tenants will move owing rent in spite OF your best
efforts and time Is lost getting others TO take ther
nloces IL few questionable characters get M your
pIace acaires bad name, and then good people won
live in it, II you want peace and comfort avoid ps
tencments =,
What about flatsp
They also have been overdonc, and few of them
are profitable to their proprctors. See how many oil
them are vacant at present. They never we're, nor
will they be, really popular. for thc simple pul
sufficient reason that they constructed IN violation
of feeling common to all men--the de'IIe 70 lase
| home a place OF scclusion. Now az you wen Know
there is little opportunity for TINS III mats OF ee
mcnts than in hotel and what man wants To Drng NJ
his family in such places THIS Is one reason Why so
many New iorkcrs, whose salaries range from i'ou
10 80 BOO live in Newark, Paterson, Passaic, fIWh'
field Yonkers, and the other cies ana ,owns III 'nI
| Vicinity of the metropolis. There are hundreds o
these men who would gladly live III Town. pu' tnei
EARNINGS do not permit them Ia have mousse 10 thci
selves which they have In the Huburbs now iS
man receiving 81 800 year TO pay I,ooo rent aho
support his family Yet II Is almost not "tcge.he
s;lJe 10 gel any sort of desirable house III New
York for less than that figure. Now supposins h'
could hire house here for 800, and that was large
enough TO allow him to subet portion o II To soni
of Lis fri nds for say, $25 MONTH d0nt you tn,1h
he wonld gladly do 80, in preference 10 gong OUT .e
the country q, ,ery night in all kinds of weather Now
these peopIe are as a general thing, the best kind o
| tenants They are business men, renncd, edlcaDn
who take pride in keeping things IN order anu never
move without good Tor doing so seven huhdrs,
dollars il about the lowest figure for which you couu
rent any building in az 'he ore =,
lot would not permit anything less Yes SIR theie
reaction against big buildings, and there Is goo.
onnortuuty for those who take advantage o ths act
need not saw ANYTHING about business blocks OF p'
| mansions You can buy all you want OF those q
present without building aud cheap enough ~ INA"