The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-31
Builders
of Three Large
Houses WhoHave
Leased Block
Fronts North of
Terminal---St
Bartholomew
New Church Site
to Be Centre of
Attractive Dis
triCt

Though personal tax assessments have
slumped until one would think there
were mighty few people left in New
York city who could pay apartment
rentals OF $4,000 to $4,000 a year
builders Of fine apartment houses are
not stopping to question the meaning OF
the general disavowal OF wealth. The
Fullerton Weaver Company. 4. l.. Nor
decai Il son and Harry Flschel. who
are to enrich Park avenu with four
new apartment buildings. are not
wOSrying about whether there are
enough men and women, or rather fami-
lies, In this city who can afford to pay
from si25 to 1921 n week for apart
mcnts In their houses. When one of
those builders was asked last week II
the supply of fine houses renting from
81. 200 to $4,000 "a year was beyond
the demand he laughed a knowing laugh.
at is surprising he replied, the
lumber of applications We receive for
suites. and strange to say man of these
applications are for the most costly
apartments. New York is II honcycomb
Of rich folks. many of whom never get
their names in the social directory or
the social new columns of newspapers.
But they have money. Where they get
IL is n question | gave up trying to
answer years ago. A lot of them come
here from other parts of the country
when they have outgrown the social
standard OF the section in which they
have made their fortunes, To me the
shrinkagc of the personal tax roll from
the ~stupendous figures which the Mayors
Tax Board estimated to a total which IL
~laughable does not mean anything.
have never been guided i'm "A building
campaign nor have | ever heard an
apartment house builder consider with
apprehension his personal tax fiasco.
fearing that New York might not have
enough people who could pay the rents
that he would ask"
Though the four big apartments
planned 10: Park venue are still no
more advanced than the architects
drawings brokers who have thcm IN
charge are renting apartments in these
projected houses from the plans at
rentals ranging from si25 a week to
several hundred dollars a week. Til,
operations are "on the ways and about
next July these buildings. models OF
perfection not in one particular line
but in every respect. will be finished and
ready to receive the tenantry which ia
the meantime will have signed lease,
Tor suites. Which is the best Of the four
wuuid nc a question diiticu,t for an
. expert To- answer, for they are houses
which their sponsors, builders and
brokers claim are among the finest
planned for this city.
Park avenue has many fine buildings
but none uf them viii surpass these.
knowledge which has come from years
of experience together with the cNp"ri-
enccs of other builders will he summed
up in these buildings. The mistakes
OF builders in last years houses. though
few and not noticed by tenants, being
usually I'm the arrangement Of the suites,
will not de made in the new houses.
Successful innovations introduced last
year will be Appropriated and improved
on 50 that the houses which arc 'uu
the ways" will lie monuments Of the
latest ideas IN mechanical Hnd electrical
constru tioi.
The houses will stand on New York
Central property and will he part oi
the Grand central colony. which VIII ~"
the most distinct and most attrIrt,N"
In the city, To the east and west ~
the big station at the present I'M" arc
several business buildings. uu" ui the
city's finest hotels and one of tue llrg-
est and most modern club buildings M
the country. The property I" III" 1artI
Of the station the officials Of the N'N
York Central road have PLANNED l"r resi-
Dental purposes. Trey lot il h" known
long ago that the rcaliN along 'a'N
avenue secured ny the railroad company
to facilitate the building of IA" hiG
terminal would he reserved for upcr'-
tions of "A residential character such hS
apartment houses similar to those ON
the avenue further to the north 'lnh
buildings like tine one built Tor Nnl'
men at Vanderbilt avenue and FORTY
fourth street, and the railroad people
even dreamed of fine dwellings on their
property TO the north OF the station
Ii was the ambition of the company To
have the north approach 10 th" Grand
Central lined with residential structures
rather than big business structures
While plots were available ON upper
Park avenue, that is, through the SIX
ties. Seventies and Eighties, builders