The sun., 1910-11-13
COOPERATIVE APARTMENT!
AN OID IDfa REIgi EDOt L,pI
nFTH utRkED NftES>
The Z nj, ersai Eneroachn,ent NJ Busir.,.
sas Made Private DwrIiins. tult.
traeti,e and cooperative Fiats ,rr
the Most Acceptable ~unS;itu',

upon the midtown residential >",.' .,.. -.
has brought about "a gr"a, m"r",.., -
late in the number of coop-rati,.. apa.
,nent houses People who found -.
their private residences wer, runr. ana.
tractive by th. in roads of bri- ,u-'-> a. t
who did not care To go into the ~. r,. -
apartment houses have cluhbsd iul,.r., ..
to build dwellings under a corinor Pow,
During the las, year almost >c,r" .
cooperative fats hay. he.n compile -,i ..
Man haitian. The favorIte location, .-.
along Park avenue IN tn. Flf,Ir> ar D.,
Sixties. although the W"t Side h"rSa..u
the fifiies and Sevent.e- sd the r.Sr,r
around Grumercy Park also polsL,r
The idea Of the coop-l apartment
nou-e is to provide Tor Al. tuckh"ld-r,
in the enterprise apar' euis vhrn
shall conform more or !s- - their tr-
diviCiual tastes. for each -.1v.holi"r ',
allowed a certain latitude ~ p!alnnins hls
part icular apartment and d hom. 'nir
shall bs in a desirable locality. conver lslt
to the business. theatre and shopping d..
tr!cts.
4 famous artist who IL an enthus last %
stockholder in one OF these club hom..
finished last year explained the motive.
that caused himself and an editor an
actor. a professor and business rnan -
build jointly for themselves. He said
The expense Of man having his own
doorway on Manhattan Island has got -
the place where the ordinary man cannrt
stand II. The wealthier people who nv.
most OF the year round on their estates
on the Ling Island Soun' . IN Etrors
and who crowd into III. apartment
hotels for a few month inter do NJ,
care to maintain large house, anv
longer. For the man Of ".C.inary means
who does not care for the ordinary apart.
ment houses the compromise Of the 49,.
operative apartment il open
The automobile is also a factor in the
impetus given TO the cooperative apari.
ment idea. People with country estate.
now live IN the country most of the wear
and go into apartments here which are
convenient in their dashes between the
town and the country
The method Of financing and buihiir-
one Of these houses is by forming sto.s
company. nthe members Of the corpora
tion are numerous enough /, fill the who's
house the net expense, are divided Ip
proportionately - what each stuckholdar
subscribed n thee a.e not enough
tp ill the house then rha
emp apartments are rented To- oihsr
families which must be fiT-t approved hv
all the stockholders As the running rN-
penses of an apart ment house are about
~ per cent. of its rental valu. the ldell
way Of running "A cooperative apartment
house is to have the owners occupy apart.
rnents compri, ing from 10 To IS re- cent
Of the rental value of the hours, and fr
have the remaining 30 20 81 PEI cent 4
the apartments rented To mons 1cN-
holders FOR while in n house whe a.!
the apart tents are occupied by cWn""s
the initial subscription is less, the running
annual expenses are of course in~-ra Cd
and IL has been pointed out that the -
more chance for frict on among the nrrs,-
sarily greater number of owne',. In tho
second method the initial expens- -
greater. but the annual charge "A - ~
holder for maintenance is smallc
third method il TO have the stockhp!f".
tenant. but TO he repaid
fully or in part by dividends out Of 'h"
net income Of the property.
The subscribers are entitled to pr
prietary leases which run for = >rn
Of twenty-one years, at rhe - ~iratIon
renewing his lease in ~.I.tuum pro-
yided that his lease >l- not hitherto
been cancelled by his ceasing 10 own
the number of shares specified or IN cas-.
the corporation has decided TO sell ~"
property. vote Of 75 per cent. ~ the
stock il required To sell the property
In one Of these cooperative npartmsu'
house. at - Gramercy Park lv. John
b. Pine. one of the trustees Of ColImhl
University: jules Guerin. th- art,-',
a
and Herbert Lucas. the architect. R."h-
ard Watson Glider was one II the -i'ck
holders in this house al th. time 1T b.
death. In another cooperative" apart
ment house Just completed on Fifty
seventh street near Carnegie Hall iIva
Ruger Donoho. the artist and Jufn
Mead Howells. the architect. OF skin
ner occupies AN apartment IN on" -
these cooperative homes AZ SiNtv->lNrh
street and Lexington avenue. aud ~
another On Park avenue live Howard
Mansfield. James VI. Townsend and c
Loring Brace.
The cost Of cooperative apartment
louse varies with the size. the plot and
ocation and the finishing. materials
tc. Some Of them are built by the cor
Sometimes the stock holders
'uy "A building already standing lni rs-
model n - conform TO their ld.sa- Ih"
int met hod has the advantage thai n"
tOcknOf6erS may have rhe best oi ma
erials used in the const ruc,ion NJ ihei-
omes. together with the mos, modern
ftings and appliances. Each oSner
nay ro certain degree plan h's own
parrmenf 80 long as his ideas do not
oo seriously handicap tn. architect
nd the builder.
L. q. Hubert of the firm of Huharr
irsson y Co. architects. has the credit
Or first starting the building of coor~rt-
We apartments in this country IN IssN.
nth the aid of the Rev Jared y F'aRE.
.ther of Ernest Flagg. ARCHITECT oi 10
niger Building. Mr. Hubert huIl tie
embrandt at iSt and l5s West F'''y-
,vcnth street This initial "nt"rpr."
ad among its subscribers the Re, VIZ
iagg, J'.ni,Is II Brown. r Swain GlH"ri
ohm Elderkin Mary ~ Rns~Iter tiT,
Malcolm. Mary T.. Dick er~on and H"i"r
~ Aidmore The house ran -ucc.~st,.ly
ntii its purchas" few years az" ~
ndrew Carnegie 10 protect Carusg'
all. which lies alongsida While " -'I'
ANS under the same name. IL IL mo- lon-'r
In 1891 Ernest Flagg huilt anoih"r -r'n
'iI-" at ~ Madison avenu. whi"h T. -'fII
AZ RQNNa -.