The citizen. (Frederick City, Md.) 1895-1923, 1908-04-24
Big Rents Paid by New Workers.
"A BROADWAY CORNER HOLDS WORLDS RECORD.
Sums Charged and Up.
ny NJ. w. MOUNT.

made the early Knickerbockers gasp,
while the fact that the late ]. Henry
Smith paid s2,300,000 for the Whit
ney house when he bought it, with
few of its furnishings, would have
caused the very wigs to rise from
their heads in amazement.
THE most expensive residence
property in Manhattan" said Messrs.
Pease G. Gilman, lies between Fifth
and Madison avenues from Fifty
ninth to Seventy-second street. In
good sections this property sells for
100000 to 100000, while in Park
and Madison avenues values run from
100000 to 100000 for a house
and lot.
$4,000 For Eight Months.
The highest rental paid recently
for house was $4,000 for a period
of eight months This house is in
SiXty-second street, just off Fifth
avenue. Scarcely two blocks below
it in the avenue are apartments
which are said to be the most ex-
pensive in the CITY. with an average
annual rental Of $4,000 each. Peo-
pie who have two of these apartments
thrown into one to enjoy spacious
home pay just twice that sum for the
| additional privilege.
In this locality ten-room suites.
unfinished, may be had for S12,-
600 a year, while a block further
down large suites entice the gre
garious householder at $500. unless
he wants them furnished, when he
can get them for $4,000. Around
Fiftieth street housekeeping apart
ments bring $4,000, while an apart
ment hotel not far distant asks $1,000
room year aand rents small suites
at $4,000 a year.
Certain apartment hotels consider
! $500 to $500 room no unreasonable
figure to ask for suites of rooms, and
that homeseekers agree with them
is shown by the cheerfulness with
which they pay this price.
New York hotels no longer shelter
only a transient population. Each
great caravansary means home to un-
numbered families. John w. Gates
is said to have paid $4,000 a year
for his suite at the Plaza Hotel.
A certain wealthy woman is said to
exceed this figure by $4,000 in the
sum she pays for her luxurious ho-
tel apartment At the Holland
House one may enjoy the use of two
rooms and a bath for $4,000 a
year, and at the st. Regis at the rate
of S25 a day, while the Waldorf
charges $4,000 year for small
suites.
The st. Regis is perhaps the only
place in New York which will not
make long lease. A tenant is
charged by the day only, and may
decrease or add to the number of
rooms in his suite at his own con-
venience and depart at pleasure, with
no lease to occasion months of out
lay during absence.
Special Privileges Costliest.
The highest rents in New York
are paid for standing room The most
princely rental paid for store, Office,
residence, apartment or hotel space
does not compare, proportionately,
with the sum expended for an hum
BILE bootblack stand, a soda fountain
or cigar kiosk
A. Schultz pays $50 a square foot
for cigar privileges in the Cortlandt
street Terminal Building. and this is
said to be next to the highest rent
paid by anybody in the world The
cigar lease for the northwest corner
of Cortlandt and Church streets runs
for twelve years at cost of $50 a
square foot for 600 square feet, while
| the lease includes five other stands
in the Terminal Building at a total
cost of half a million. One of these
is in the exact centre of the Hudson
terminal concourse floor, and for this
glass booth, open on three sides and
covering space twenty-one by nine
| feet in size, rental of $3.50 year
is charged. 1t is said that $4,000
cigars at two for twenty-five cents
would have to be sold to cover a
years expenses of this stand, and,
taking other expenses into account, a
quarter of million would need to be
disposed of before profits would be-
gin.
Higher prices are paid for cigar
| privileges than for any other occupy
ing proportionate amount of space.
In Broadway Office building $500
is received as annual rent for a stand
ninety-nine square feet in size, and
such stands pay correspondingly high
prices for space in other buildings
and hotels
Booth space is rented subject to
bio and charged for on the basis of
the business proposed as much as on
the location of space. Eight trades
are great lessees of space privileges,
and rank in the following order as
profitable tenants of these: Tobacco,
bootblack, soda water, package candy,
news, flowers, fruit and cutlery and
satchel stands.
A bootblack formerly rented a
large stand in the Empire Building at
cost of $4,000 year and one paid
$4,000 for small space in the
Equitable Building, which was the
first to establish booth lined CORR
doris, and even now charges as high
as $4,000 for stand privileges. The
bootblack privilege in the Hudson
Terminal rents for $4,000 wear