The sun., 1900-07-22
RE,, MATE NEWS.

.,.. dealing IN realty at private and
~ .,,e ha, been wholly devoid OF popular
pu.", nIcal interest. In the matter OF build
nroI.ctions however. current develop
nS Nv. heen OF the utmost significance.
mon 49, ,rus,ecs for John Jacob Astor have
,,ac,sd TO erect large warehouse, let 10
cohu .,,hl,shers. that William Waldorf Astor
W" Srtsr,aken to erect. also under lease, a
hotel covering Broadway p'ocS "on'' Oh"
row company has been organized 10
Construct and operate Dig downtown onio'
hupdins, must be regarded as praoucal aelhon-
-,,a,ton Of a return to normal cohun'o"s M
ss,a,ds building material prices and mercah-
an. rents These projects. furthermore arc
a,.,,rctlv investment operations, ana provo
~. ,rssence Of general forces whlch are GER
,.,r 10 influence presently the brokerage ana
su.,,on branches Of the market.
Il,oesthsr, current building statstios snow
..tsrisl increase In constructionai WORK
-, an unusually large proportion OF the WORK
On. IN the category Of Investments, being un-
x.rt.k.n by property owners. indepehdehuy
- ,ha building loan industry and consisting
-, ,bs most part Of alterations. with some pro
,s,,s a, stores and lofts. There has been ntue
,.,.n, increase In speculative ouiidins
W. h., there Is Of II is chiefly confined TO
..,,,ons where the relation OF supply ana
o'0 oa in respect Of modern housings Jus
..SA ccrtain amount OF new work. inc
N,...,onsl building loan operators. because
AZ. ,,,rh.r Of unsold houses on their hands
W ~. ,ns.,.d prices Of land in the new resi-
.l"s., actions. inclu ding those parts OF tho
- r,., side where constructfonal WORK
Wv. ~ .ctive until a year ago. continue to mani
W. u,,,. d,sposition TO depart from policy
:. ..raon with regard 70 new Undertakings
~. -hols. therefore, tho current increase IN
S.ra,,, proiections may be viewed with sat
Ss.,,o, "A tending to stimulate the selling
~. ..n,,ns market In the older, neglected 500
-. =, the city, while permitting tho newer
=. ,.,over from the surfeit Of overbuildins.
~. rost accurate available Information
,..,,n, on the question Of overbuildinG-a
..odI,ion which. broadly speaking. exists
.,cr.,vely in apartments. fats and tenements-
:" ~. animal midsummer tenement house
-..s,s ,sken by the Board OF Health. Owing
:. chronio insufficient appropriations. these
S...so. ara invariably allowed TO remain In
...nr.cr,pt, and the figures that follow have
-. oh,s,ned through tho courtesy OF Or.
p.,.r q Tracy, registrar Of records to tho
hoard For the purpose OF the Health boards
o.n,us, according TO statute. q tenement mousse
/. taken To mean and include any house or
h,gdns. or portion thereof. which Is rented.
,....d let or hired out 10 be occupied. or Is
<.or,ned. a. the home or residence OF three
,,nlss or more living Independently OF each
o,h.r. and doing their own cooking on the
ss.,o,.s.. or BY more than two families upon
49, roor 40 living and cooking. but having
.or,r,on rIsht In the halls, stairways or yards.
or .ons or them The legal tenement, there
,o-. Includes the three classes Of buildings
,s,allv called apartments, fats and tenements-
A. ,hs oensus Ia taken by the sanitary police,
ia aocuracy will be greater or leas according
to the proportion Of inexperienced policemen
on the staff this proportion being small except
after A change Of political power at the City
Hall
The censuses OF 1898 and 1900 are regarded BY
DR. Tracy a. trustworthy. both having been
done BY experienced stafs A comparison
dIscloses 70, ,as legal tenements. with popula-
tion OF lAs7 ISL in Manhattan on July Of the
former year, and 2.e2S legal tsnenents. With
population OF 1896 eie on July OF the latter. an
increase OF go in tenements and on ,So5 In popu-
lstlon. With the legal tenement house population
increasing nearly 5000 year. and the process
Of producing new houses drastically curtailed.
It should not take long for the oversuppy In
apartments, fats and tenements to disappear
and for this class OF housing to be restored to q
condition which will command the attention Of
investment buyers. This class constitutes the
great body Of improved real estate and mobility
on It's part means prosperous brokerage and
auction business.
John Peters has sold for the Abraham Kramsr
estate to a client No. s2+ West Thirty-third
street four-story and basement high stoop
private residence on lot 2Oxo3s.
Otto Lehman. builder. has sold tho new
brick and stone double apartment house on
the northeast corner Of Van Buren, street and
Lewis avenue. Brooklyn, to Henry Welbrock.