New-York tribune., 1901-09-08
THE WEEK IN REALTY

The real estate market last week was not un-
usually attractive. Few big sales were reported
one Of the principal items Of news vas the sign
ing Of the contract for the purchase OF the Orphan
Asylum block, bounded by Riverside Drive, Seven
tv-thIrd and Seventy-fourth stS and West End
ave- by Charles VI. Schwab. According TO a num-
Der Of well known realty men. the demand for fat
houses as investments appears TO be growing
These men say that there would be many more
demands and sales in this line If builders and
speculators put up better fathouses, TO use an
expression Of Of these men, perfect fiat
houses
realty dealer. who has been active in the
ket for more than twenty years was seen few
days ago by Tribune reporter standing in front
Of large fathouse in the Tenderloin section of the
city. and carefully looking at the appearance and
construction of the facade Of the building
AS the reporter approached him he exclaimed:
There seems 20 oe no hope for some builders
this city. The older they grow the less they
seem to have Nov. here is a hathouse built
cheap lines. II has proved 10 ae an elephant the
mac who buiIJ it, and it would be poor invest
ment for any one poorly constructed house is
q breeder OF many ills. II pipe bursts
upper floor or the tank the roof leaks, seldom
room in the building escapes the deluge. The
partitions thin that the water gets far into
them. And then the rooms pokey that air
does not circulate freely in them plenty OF
sunshine enter them. The tenants made aware
of these facts in a very forcibe manner. For want
of GOOD ventilation and the effect OF plenty OF
shine The living apartments are usually damp and
the tenants are generally victims OF sore throats
~ rhS qdnant+ in o y enr U ,Sni,id am sue more
eratuf expenses for a year. Houses like these are
not aIJitable. The owner Of such house is liable
at any moment TO md himself with many lawsuits
20 defend II verdict rendered against him. II
IS lien on the property until paid. and with such
q Eeu the property is really not marketaol@-
Woudnt TAX Such property as SIIt, lot lor u "ou!a
cost 1 more to reconstruct the property than 10
build PsTtect h9tnoIse on 'IGa.t i po,, s ne
result Of boom in the district
1T is difficult task to keep IL on paving basis,
apartments VIII not be rented year from to-day.
Nearly all the apartments are rented now @ oeclI5e use
the house Il new ana new mouse. no natter noW
poorly constructed, always attracts certain class
or ntrsons.'
was this house built in conformity to the build
ing laws?' asked
Yes. the plaE was approved by the BuIdings
Department aCd il was carefully followed out
Not thing done TO ouild the house better
than was required by law. Therefore II Is %Il<'t
would call the cheapest constructed house Tor lls
size. But conditions in the building line are un-
plainly seen by the number or vacant apartments
In poorly constructed hathOuses The new tene-
ment house law is only one step IN tnis Gi,Scnon
built the best lines they will get them Ihat
day IS near at hand would rather @ He I'VE ~ t as Ho
than in one OF the cheaply built hathouses
OLD HONE HOUSE TO COME DOWN.
THE ASSASSIN OF PRESIDENT LINCOLN
USED TO BE A PATRON OF THIS HOTEL
The old Hone House. at the southeast corner Of
Broadway and Great Jones St, was yesterday re-
ported 10 have been sold by Seth S Terry for about
$500 coo The name of the buyer not given
This house which is stories high. is Of the
historic places of the city 1t for many years the
home OF Philip Hone who was Mayor 1875 and 1876
and one Of the founders of the Mercantile Library