New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-09-19
RENTING GOOD THIS FALL.
THE BUSIEST SECTION OF THE REAL
ESTATE MARKET.
BRISK DEMAND FOR FLATS STORES AND Of
FICEs-HoUsEs TOO, But USUALLY on
IMPOSSIBLE TERMS-WHAT SOME
PEOPLE EXPECT.

PEOPLE EXPECT
In the real estate world there are two seasons.
For most OF the year the broker sells property, II
he cam or trades IT, In the spring and fall he tries
to rent Il. and renting Is good this fall the
realty brokers happy This renting. In fact Is
the one bright spot I'm the business OF the realty
world Just now. Few sales Of Importance have been
made recently. and the trading done has not been
of the most satisfactory kind. But for dwellings,
fats stores and small offices to rent there IL a
good demand. and it has furnished for some weeks
the lions share Of the brokers' income.
First in importance recently. so the brokers say.
has been the demand for modern flats. with all
improvements. Now flats are not an ancient In
stituton by any means. but for all that there are
many degrees in their and efficiency TO the
citizens household. There was time when all
fats had no bathrooms mantels. and some were
fitted out for stoves. which the tenant supplied
They all have the first two now. with heat thrown
I'm. and nobody could be induced to look at FIAT
without these conveniences. In addition. however
hardwood floors open hreplaces. porcelain bath
tubs elevators and handsome decorations. with
many mirrors are expected by the nat-seeking
citizen. and the owner OF the property must Keep
pace with the demand for these things or his
houses will he tenantless. Some there are who are
in the prcdcamcnt OF not having done so, and for
them renting IS not good this year. but In the
filling OF the most modern and improved fats
brisk business is being done. and the supply seems
to faN short OF the demand In spite or the constant
activity Of the builders around and above the
Harlem
Renting OF private houses has not been alto
gcther 80 satisfactory the renting OF fats this
year. although this branch OF the realty brokers'
business has not been bad enough FOR complaint
Most people who live In houses In Network in
these days are beginning TO buy instead Of 10 rent
and they oftoncsi buy In Brooklyn at that Besides
this. there is more money In building hathouses
than private dwellings In ordinary neighbCrhoods
I'm Manhattan and The Bronx and fewer dwellings,
are being built In the biz stretch OF territory be
tween Morningside and Park ayes. and hun
drcd-and-tenth and one hundred-and-t"en ty-hith
SITS, where development has been the most rapid
In the ast four years. there are comparatively Few
dwellings and many nathous"s. ana scarcey any
outside the few streets restricted TO private dwell
inGs. In the present year. In fact. plans have been
nlcd FOR only i've private dwellings IN TINS big dis
trict. against plans tor eiehty-odi hathouses.
\ great many people have been looking around
FOR houses tbs ali but usually they want TOO
much FOR the money thcy are Wiling 10 pay IN
rent and they usually end hy takins an apartment.
Whcn broker meets demand !or new house
with ALI modern improvements. "A buffers pantry
extension. tiled bathroom, porcelain tub ana SINK
gas fixtures. FOR 500 TO Sl.pH a year. with three
months free. and IN a strictly pivat" neighbour
hood. n YOU please" he can only shake his mead
r.uf Boz heaven. PERHAPS hut IN Manhattan the sup
ply j. limited md the cost proportpuatcly high .
lrgs uoWever that business is most brisk just now
~ active inquiry rpfnnF 49, ai me close o. ~"
factory buildings and Tor Offices tn me NIX SKY
srrar.r-. despite the faet 'hat $50 many o. thess
peace had brought many p"opc back 20 business
an. awakened new enterprises All around. The
tlsn'euing OF thc money market I'm NJ las, Two
weeks has checked this demand 20 slight extent.
hut with cheaper money 10 viii revive. ana proha-
Traction This demand has already helped the realty
times will b.. good al. through the fail and perhaps
even better ln ~" winter.