New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-23
REAL ESTATE AND RENTS.
rxoRBITANT DEMANDS OF LANDLORDS
HURT THE FALL BUSINESS.

rouRAGING-THE SALE OF MANY PROPERTIES
MADE-CoNvEYANCEs AND MORTGAGES
One Of the disappointments of the fall business
a. the real estate market the failure Of the
.sents TO find tenants for all the houses fiat
,ouses and apartment-houses on their books In
same parts OF the city the agents experienced little
d,mcuty in finding tenants, and in certain kinds
~ buildings there was no trouble in making out
Vases; but in others there was a vast falling OF
In the number of leases signed. Now. as the
In,er season has begun. there is little or no pros
meet OF these vacant houses and apartments beng
occupied. Landlords have virtually driven many
,eonle OF moderate means to other places on ac-
aunt of the exorbitant rentals demanded here
The unwngness of landlords to make reasonable
Concessions is the principal cause for the failure
~ the fall renting season, and unless owners OF
ronerty to lease come to their senses before the
snrinr renting season arrives there will be repc-
.,,,on of this falls lamentable showing.
There is no excuse for demanding such exorbtant
,en,as in small fiat and apartment houses; land
I'D would not lose money by making conces-
sions Landlords contend that by letting their
rronertv al low figures. they will secure undesir-
h,s tenants They will If they don't make
rroner scrutiny of the prospective tenants credit.
There are thousands OF people Of moderate MEANS
ubo are desira BILE tenants, but who cannot AFFORD
-. rentals demanded by the landlords of Nat
houses New-York is losing many of these people
uho can no longer stand this high rent. and many
NJ them are crossing the bridge to Brooklyn where
ren,sls in the best streets are not as high as
those charged in Harlem
rNR PRICES WANTED IN FLAT-HOUsEs.
There are single houses in good localities in this
airy that are nienle for people of moderate in
comes which rent for less money than the suites
Of the same number Of rooms in observation-disclosures
On tho same localities ana with the same con-
venences and. considering the large income when
is derived from an apartment-house which occ"-
MES little more space than a private resi9ehce'
there should not be such a great difference in the
rentals What is wanted in this city Is fair prices
in observation-disclosures that are situated In desirable
localities According to the present schedule q;
rents people o; moderate means cannot live In "a
mart O. the city convenient 10 their business ana
desirable as a respectable neighborhood They are
forced 10 spend hour on the elevated roads or
20 10 the suburban towns and merely make their
homes place TO sleep in. When the city has
frstcass system OF rapid transit II will be diner
ent but until then they should not be driven from
the city lust because landlords say so The per-
slstency OF owners in their high rentals VIII nave
ian injurious effect upon NewYork realty, and 1t
Is high time that they should realize their folly
With moderate rents and a rigid scrutiny OF their
tenants the landlords will iii every vacant room
they own and will make as much money as they
do at present with a few tenants at hgh-prced
leases
THE MARKET LAST WEEK.
In view of the approach OF the holidays and the
usual dulness which is always the important factor
IN the real estate market at this time OF the year.
the business transacted las; week was considered
satisfactory In the auction rooms there was little
doing. and the attempts 10 sell property at VoIuh-
tsry Offering were far from successful. Al private
transaction there good demand for houses
and vacant lots and some important sales OF down
town property were negotiated. one sale OF Dust
mes. property near the site of the old New-forS
Hotel was announced. but no particulars were given.
The person who is thought 10 be chiefly inter-
Ssted In the sale or s.; Lukes Hospital IN fifty
fourth and Fifty-lfth SITS, which was announced
last May, appears to have taken advantage OF the
inability Of the trustees to deliver the property on
January l. and he has made arrangement II Is
said whereby he Will control the sale OF the iots
and give him any profit that may be obtained over
the contract price. 10000. Douglas, Robinson &
Co have been substituted for Charles A. Seymour
as agents for the property. On trustworthy au-
thority IL has been learned that two offers have
been made in the last week for two OF the lots
+ II Is interesting to note that the big Roosevelt
Building. Broadway and Thirteenth-s' mas al
last found tenants for the store and part OF the
basement at rentals from $3.50 to S~w FOR
term Of three years. beginning on January l. This
large building which completed over year
ago. has caused considerable comment on account
OF its being in such good location and having
none OF it's floors occupied. 1t seems that he own
ers managed the renting of the building themselves
and did not invite the assistance OF real estate
brokers whose knowledge and experience were bet
ter calculated 10 find tenants than the owners This
IL the sole reason given by real estate men for the
buildings remaining so long without tenants
BUSINESS IN THE WEEK.
The business In the aucDon-rooms last week
smounted in value TO s3S9OSs. against S2sS'i In me
corresponding week last year In Brooklyn the auc-
zion sales aggregated :1l5.7i2 against N5S4oo In the
same week In 1896 The following were the principal
iaalex priva
A well-known Broadway brokerage iirm is cred;
.aSw g'n 9 9o Pp5 % $50 heavy
vas also talked Of No,hns definite. however could
be learned regarding either Of the alleged safes OF
of numerous others said to be OF Amos; equal
moment - 80,
ness structure No. 20 Greene-st. east side between
Broome and springst 1t IS understood ma 1a1 ,1
buyer + one OF the recent owners or Nos. '"' anu
s@ Broadway. sod few weeks ago by ne n same
brokers John r Williams 70 about ;,, s0 I"Srsen
the new seven-story business building No - Fourth
e e es as aS 9 i nSrih 70
srman Co. building firm he G;; SH ~stn
e: sas .1c s s ssi wes Of S
1850 The purchasers Will improve rsr me as, bouse
smyifh Ryan have sold The Old PostGradhus,,e
Hospital property s5xs2. No 22s East TWentie,n-',,
d silesan Missionary sisters Of the Sacred Meart
sssp S sie No u s. .n
hat Murphy & Reville have sod Nos % ama
houses for $500 George Karseh has sold asxo to
Sarah r TAYLOR the five-story hathouse, ZxTxi"'
at No IG West Eighty-thrd-st., Tor NpgU ch,as
Hoffman Brothers have sold for Charles nchIes-
inger the seven story marble and iron buiidins %"
Tie southwest corner OF Tempe ana Liberty s,s.'
cent other persons one Of whom, II Is rum4reo:
z Jefferson NJ Levy. The purchase price ~ ABOUT
E00N
John ~ Goldng has sold for Manded,Dsdl,ii,
Levine the two fve-story stone front uwcIiiss,
Nos z5i and 237 West Fourteenth-st. for aDou!
1900 The sellers bought the property IN ca Jun ~ a
what was considered a low figure, about >s'''Vo d
price 81 so less than 1t had sod for in 100. ,
School Commissioner Randolph oingge1heInetL IA
bought from Herman Wronkow the SIX story pu,id
ing Nos 70 and II Lispenard-st., running thIousn
% cana-si The shape Of the plot Is lrfesu,a,th,
One lot IL 25xlll feet and has o frontage IN 1o'n
Streets. while the other 25x5o. is In Lispenard-st'
only. a.. e,.o-