New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-15
Many Agents Announc. /
creases of 8 to Is Pc,
Cent on Octoberl
Higher Expenses
Given as Reaso,
Month.to-Month House, ).
Demand Leases for Ii.
Coming Year

Rents in hundreds Of sr,,,...
houses throughout the CITY win -
raised on October from 8 nT
cent. and in a few cases the ine,.....
threaten to mount as high as % NJ,
cent.
Renting agents, in announcing Il,
proposed increase, give as their "a,
sons the greatly increased cos, ;,
apartment house maintenance r..
scarcity of coal and the outlook 70, :,
even greater fuel shortage, great,
taxes, higher wages TO employe, "a,
the doubling and trebling Of tn. ca,
of materials Used in the decor,u.
and upkeep Of the properties, th.y a.
clare, have made the raise in rent, q
absolute necessity.
The fact that the demand for ana,
ments is to-day far in exces, ~ ~.
supply, since few buildings have be-
erected during the last year becarv
of the high cost Of building ma,erl,I|
IS another reason given for the rails
Many agents have already notified th,l
tenants that their rents will be n
creased and report that the tenarI
seem to expect such raise and AL
willing to meet it in most cases.
General Increase Far Uptown
In The Bronx and Washins.r
Heights districts the increases in r,-
will be more general than in any o,hs
part of the city. Entire bulldirr
will have their rents boosted al lsu
5 per cent, ard leases will be demands
from all tenants who heretofore hsr
rented from month TO month. +
iouses where leases have not bee
taken the rents have already bee
raised 10 the new scale.
Alexander A. Koswick, Of the Neh,.
ing Company, which controls between
seycnty-hve nd one hundred houses
in Washington Heights and The Bronx.
said yesterday that he believed the
average increase Of rents in those dis.
tricts would be Is per cent. Apart.
ments which have rented for ssi a
month will be raised from 81 to 81.
Walk-up apartments in the Washing
ton Flights and Manhattanyille see
tions. now verag.ng about 81 room
will he increased 10 an average OF -
a room. Many elevator apartments
will have their monthly rents increased
at least $40.
most of our tenants seem 70 expet'
the raise" Mr.. Koswick said. "Oi
June l We sent out our leases for neI'
year. and we stipulated the incress.
in each case. Already 50 per cent .
them have been signed. Our increase
are made at the order OF the owner
of the buildings in question"
Losses for All Tenants
Mcdowell & Mcmahon, a firm vii,
ffty-tive apartment houses IN the sam
sections. will increase the rents on a.
their properties about 8 per cent, an;
will demand that all their tenants tss'
q lease.
A representative Of Sawson !
Hobbs, who control many OF the lars
est apartment buildings in the uptown
section, said yesterday that his i'm
did not contemplate increasing th'
rents throughout all the houses under
their management.
r. w. Phillips, of L. J. Philips q
Co., when asked about the proposed
increase, said that because Of the gfsa'
demand for apartments competition
had subsidized, and that now LANDLORDS
would have a chance TO recoup losses
of recent years in a Legitimate way
"While | do not believe the teneehsy
to increase rents is general througn
out the city" he said, many spar.'
ments, built several years ago. hsy'
been renting at rates far below th'
standard. Apartments that rented ~ ~
$500 to $1,000 eight or ten years sg'
are now worth much more than ins.
Houses now building, which wiz :
ready for occupancy October !, mu NV
be rented at rates higher thsn ~.
houses, because they have cost MUG
more to build"