New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-04

PRICES, But GOOD DEMASD-THE MUIR
RAY HILL SECTION ATrRACTIvE-How
CABLE ROADS AFFECT VALUES
The firm OF Z. H. Ludlow & Co. is so well known
in real estate circles that the opinions OF i's mem
bers with respect to sales. general values an"
rentals require Endorsement from any sou''e'
Since 1886 this Arm Of auctoneers OF real eS'"'e
agents and brokers has been conspicuous In many
OF the largest real estate transactions on MAMMA
tan Island. Its offices in Trinity Buldihg' No
III Broadway. and al No. $50 Fifth-ave.
Speaking yesterday to a Tribune reporter on the
subject OF fail rentals, Albert NJ. Arnebers 'nen
Der o, the firm. said
at is true that the period OF rentals OF houses
has within the last few years changed from tha'
OF May | 10 the dates OF September and OCTOBER
/. believe that this custom OF renting from O''o-
Der ! was brought about by some large Broadway
business houses So far the system apples 10
the line OF dwelling houses. think J, mas come
about through the fact that many people return
ing from the country in ~. fall began Iooh'ns
around for houses and sought to make their leases
at that time. refer now TO the better class oi
houses In the case OF downtown business PAGES
the inclination Is to have leases begin In February
to run for year
we are just now entering upon our faH renting
season There Is a large demand for houses ana
I think the season is going 10 be good or course
are that there will be applications for houses
this year than in 1894. The figures are about the
same as last year There has certainly been no
material ADVANCE: indeed. there may he a shght
falling off with respect the higher priced houses
that is to say. houses that rent for more thah
81 coo a year. To be prefectly frank. VIII say
that l do not think rental values will hold out as
we'll as they did last year The reason for this IL
undoubtedly due to the general depression which
has existed recently in trade circles look. now
ever for an early change for the better though we
may not get the benefit OF II this fall. Next year
We will undoubtedly get ne benefit OF the I'M
provement in business.
NO there Is no particular locality where the
outlook is better than another. Speaking only IN
regard TO our line OF inquiry. the most atrac-
tive section seems 10 be between Th.rty-fourth and
Seventy-second SITS The Murray Hill section. that
section lying between Forty-second and Fffty-nrth
SITS and Lexington and Sixth ayes. is about the
most popular to-day in New-York Houses there
will probably rent more readily than anywhere else
A larger variety Is furnished within that district
for the choice OF houses. the prices ranging from
s. ,2c0 $1,000 year. In our particular line We
DO not get many inquiries for rentals on the West
Side.
THE Broadway cable line IL doubtless going to
help the western section OF the city very much
One can make almost good time on the cable
cars as on the elevated roads This cable system
is going to build UP the West Side immensely.
Many people do not like to climb up and down the
stairs Of the elevated stations They prefer to
step on the surface cars going almost the same
speed, and willing TO sacrifice few minutes Of
time Then again. the elevated roads have special
stations TO which the people must walk. while you
can stop the cable cars at every crossing on the
West Side the elevated stations often far apart
This: affects the value OF property. b 'ause every
one wants to be as near station as possible, with
real estate as entirely satisfactory"