New-York tribune., 1886-03-29
AN EASY SEASON FOR RENTS
WHY PRICES WILL BE LITTLE cHANcEn

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now THE APARTMENT HOUSES HAVE SUFFERED.
II seems 20 be agreed among rca-estate bro-
kers thIt the urnitlre will be lightly taxed tbis
year when the frat Of May arrives A year aoo tbs-.
was an unusna amount OF moving, because OF the de.
termination OF tenants TO Obtain abatement in thei,
rents ana tne RUE was decided reduction in prices,
except FOR specially favored parcel, OF nronertv 1h
season has made sufficient progress hovor.- D.. "A.
results to be summarized, and general te,npo, . 80
the tenants and the landlords have Arranged In No..
cases FOR continuance OF their relations with ,,,..
change from the rents OF ast spring Concessions b,vs
easily been either aide where necessarT bpt a,
rule the basis Of for dwelling properly I, rr-
changoc. Business realty hss fulfilled th. nro,,..
noted in TIE TRIBUNE e3rlier In the season scor,r
gains last outside OF the dry goods ds,rc a.,
Office localities llttle away from the popular Office
tres The demand FOR good business property ia stead,
and large. and where landlords have long leases
they have secured higher rates
Aparmonth0use property has suffered from the Ar,
tent to which the speculative mania carried sons
years ago, but the heavy dejlne IA accomplished
in the last two years s thought to have placed them ON
a basis which will be changed but slightly this season
Wcbuit fats have retained their popularity yield.
ed good profits to the investor. Unfortunately T. now.
ever many OF tho larger a's put up slovenly
fashion by speculative builders snI sold at high ag.
ures the iGea that they would command
enormous rents. What followed was the STEADY
development OF tho necessity for extensive
repairs 10 prevent the deterioration or the properties
and while forced this expense the buyer found
that his renro could be brought mp his eIpec.a-
tiOns. At the time the numerous private dwell
ings OF moderate cost which have been put up within
year furnished supply to the demand which al
exists for this class OF realty Where Large
have fallen the individuals or companies whoa
bought large apartment houses they have been due
unwse purchases from speouatOrs slrewd than
conscientious. Below VIII be found the salient opinions
expressed regarding tho renting season by ths
best-informed brokers and dealers in the trade.
Morris b. Brunner, OF Morris b. Baer K Co.. was IN
cheorill mood over tho general real estate situation
" SO far experience Coos" he said 4" there win
not be nearly many removals by tenants this spring
as there were last The renting season has male much
progress and most or tenants have renewed their
loases the old rates. believe will only few
changes from the Of year ago-they will abous
tue In hayc obtained \ 81 ght al.
vance. bu they generally instances where the tau
in prices last spring c4..eJ beyond proper proper
tons. In other where the circumstances eI-
ceptional there has been slight decline but rula
viii vary from tho basis OF year ago. Many
persons are buying separate dwellings, the cbeapneu
money the with which loans be ral,sJ
on realty enabiiDG them to do so Ile adyaltses ots
dwelling are 0Oylo US. ones settled in
cSo3 cCo ne P.ra%sa D"s a. nhS' he h"'-.Gn .G 90
likely 70 maze change than where lie a rentags
lar-e Increase In tho uum3ar " houses ranging !,Oa
-pU1 90 100, and .hO lie naat for them always
C1., 'I'.7 "a ,AG ue''In. p ana .49( te4J AAAs on
5est..5 - ~ loI !o- = .ttAt yG Ihe one mana or an-
other NJ, think .Esre viii not DO many repairs
made this year ~ tAa.a vsro a few years s$o. Ils
reason is that the properties. whole have already
received proper attention and are M good condition Ns
have utue 10 10 In this Eespsst Tor Nay l.
Nr Helnner expressed tA,Se Views o. The apartment
house department o. the trade: "EeAts tol t4 stss
lHoy n1yo already ,I.rsI ths sAr.nS4sc Tat brings
th'h - a rcl5oal3o basis. THO rouuUohi .st yo4r
not call this IA! exactly for the reats started on
en- ullea7oI'by Ag- "as'' and no" thsy afe do"a %
command hi-htr Icuts than dwellings, I4e tcoIyie "!h
cause Of the h.eh 3ft@. .Aed Now t "a. Sss
~ ,- [" c. 80 ~, 4 ~, ~ go ~
properly and economically constructed, IS o1d u,ess
yosjmon which win yield st,sic tory rotu-a tls
c,pta. C'cougso buut III speculative purposes no
case is t0 rent. When the activity ia tLs Inc vas At
lts height several years ago many sparuetnolses vera
reutro.l sod them at high n5u-es 10 buyers. LA
buyers found -fore io1s that tho poor construction o.
the buildings required many rep!irs wLle 'asrs va
here fo on tie buyer. Io- the ba Der save Ia,5t
the former had to lot his n, down anI thsn J ten
tenants @ @ and 50 Destroyed he rcpnStoa o. tie I53so
4 ne Kept ms property up TO the marx hls investments
tbat for anal, family aulr.,eIt, are a coIc,',nss
many people WHO sp"1d only small plIt Ot tIs y,s a
Sea IN 2sTtSon and nam Ne nas. nrt M 49, Gs
winch weil-kept, are we-reuteI, and w-en return
good profit on the ipvesi mont
BHutins operations alr C.reme.y active aad II Aas
been arranged that there shall D' no str AcH n the build.
ing tle foi year All lAe a,cnlett. are hu'y BicA1
are gl because many arc needed IN the new 9Ue4LoE
and because Of the general scl'y OF nouse-0ulinS.
Property strong aad the real estate outlook every
whore - excellent"
Ihe mead OF the renting department OF f. H. Ludlow
Co., whose speciality is rstcltss dwelling properties
said: The has been uu-atlstSctDry 70 b;ukru
because Of the few changes winch have been male. I.!i
year the landlords AMI the tenants have pg Their Aoia
together and reached an understanding mat VIII
pei few reIuova,s this sprtng There has te-n no de-
line lu rents but tue hudlDlIs have DecI
willing TO make repairs desired by thcir
tenants than usually. Ii IS hand 10 estimate pro
portion ts would bear ~ reduction IL dctua. h.lres.
rate fellow n he agrees 20 30 tho hsli1zeu things t-ial
OF him. aud yet the cost OF the repairs ~ improvements
may Oo very light In Olhcr cases, however II may be
pretty thorough OYcr.auuS That tue landlord cOasshs
increasing tendency of owners to date their leases ia te
autumn instead OF m the sprng. Before long "a re VIII
be many lOusos rented IN the autumn as are reu.i
from March 10 Nay The advantage o TIE .LIt VIO
rents the spring that when his expires, x
is satisfied ho store his furniture ahI out VI
town TO-. tile SUMNER thus s-yuL the U. AIs
vantage OF tue landlord to have his leases run from
October OF November Instead Ot from Apri. 70 May.
Tic Ic-t- season IS prclJ aeaty pFer, ya '.4 t4tto
Will bc many properties iu The market from uI Iay
/, GoOl many tenants postpone their action unW
late in tie nope Of getting lower prices Frequently tAo
Landlord VIII make good concession rather tAsA AAYo
Li. houses on hts hands through tue -4umsr"
Ferdinand Fish, who specially attends % oihce rent
Ing and tic care Of business properly SAID that he ae-
cDupshcd thre"-four,hs u ais IeHtug before March l.
sufdr he hashad sat sftororys o ami ent' general
y Tor ,ct ohee properly have .eA-eI sner ma
year Many Offices Tor which tArre were no applicants
last year have been rented this season Retail s,ose
properly the avenues has rented at considerable al
vauces Rnd gO0d business properly generally ras COM
maniod satisfactory prces MI Fish SAID lhAt Ao e'-
mated the OF rents, as compared with lat yea
for all the property IN MS charge aS AT least ten pei ce
higher.
TIE SUNDAY IRIBCNE.
Yesterdays Issue Of Tn. SUNDAY IHncN2 cons