New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-04
plans for Alterations OF
iGreenwich Village Dwell
iugs Soon To Be Filed
COME APARTMENTS
ALREADY RENTED
netails of Several lmpor-
,,nt Transactions Made
Public by Protector
% rrNcENT c. PEPE

Inc Qhfi"' W
-. ckqnqed some charming
".,,,;ol houses IN Greenw1ch va
INTO model studio apartments,
',,,o these properties unusually
..,raetivs investment parcels. When
!. ,r;sd several years ago to eni'st
y, AID Of skretcd spectators IN con-
ring such Colonial houses on a
g,rv profitable basis he met 'c,tA
,,,rt attention. No one no'' as
'.trs the so,mdness Of has theoT7es.y
Plan. for altering 40 West 4th st.
= = Washington Place into modei
' '-u APARTMENTS viii soon be fled.
The property 146 West 4th ST. was
....n.ly purchased BY myself Tor
.hou, $4,000 It is a four story ana
sss.rsst Colonial house, built about
'.qs as q private residence, on a lot
s,-,eo feet. The property was altered
- thirty years ago by adding an
s..,.ion 70 the building and turning
!. mn into a hathouse. -Four extra
.om, On each floor were added.
As the building did not have cleo,
.-,;-v open plumbing, steam heat ana
- modern improvements, 1t was
..,;b1e N yet desirable tenants
asr II in recent years.
~. apsrtments at present rent al
:. average Of So a month for eish'
..,u, making a total rental a month
:, ,hout sl25. or $500 a year.
III. house was well built and IS
.,,,s substantial. The woodwork or
.-;r IS IN g fine state of preservation.
ni, Of the style that is called BY the
,-r,i,se- the heavy English Colonial
4 the Georgian period and one
AZ The very finest IN existence. and the
sr., have ever seen among the many
AZ houses in this section. It also has
,ors Of the inest mantels, with round
,slumns Of the black marble with
u.en stripes in It. 1t has every
s,-a 70 make an attractive apart
mt
The New Rentals
tenants are willing 70 hire apart
nsnts from Nav next so that they
will he sure Of having same for-neXt
October TIE rentals viii be as fol-
lows: First floor $500 o yeari sec
ond aoor, $1,000 a year; third MOOR
$1,000 8 year; fourth door, Sl'IOU d
year. basement. S40O q year. poI@l'
'il00
zach APARTMENT xiii be Of seven
rooms and bath. with all modern m
Two az these apartments already
rave refusals on them and same WI
" ready for occupancy May l. ! ne
architect is Frank z. Nltolo. 10 Eas'
"a s. , -.
q he property II u is not gooc
r,oue producer. but o. the owner
rho controls t.
Tte amount that viii be spent on
,s,ss i-rnrovereutv viii bc paid IN
r,ntzls i- about three wears. besides
irving on an investment OF about go
90. sbou+ % per cent.
No - Washington Place was re
,srtlv sold ny Pepe g. Brother 20 the
peouaouck Realty Corporation. II If
four story and basement, on a lo'
2srg- near Washington SQUARE
p,yk Y was occurred by roomlng
hsuse. q, rental Of about $500 a
rear. r. is also Colonial private
iouss t-s- was built about 1885. II
vss sold for about $4,000
This house viii be altered into
ssi,ss ~ Two rarre rooms and bath,
With studio. There viii be Two stu
90 apartment or each floor, making
RE suites 'n all, besides the ian
,sTs quarters u VIA nave all moo
en- improvements. OF the very BEST
VII also save "a duplex studio in INC
rsar o. four rooms and bath and k'tcnen
The cost % alteration viii be about
S2000 The yearly rentals will be as
'ollogs: FRS, floor, $500, rear stu
do. 81 800. second floor. front S72O;
second aoor. rear. s720; third floor
front. $40 third floor, rear. $3.50;
'osr.h aoor. front. s72O. fourth HooT
rszr 1850. fFth floor. front. $3.50; NTH
soor. rear. $500: total. $500.
his also shows a splendid renta! on
A. investment Of about $4,000
Ihe demand for apartments, espe-
ealiy IL altered houses in this sec
Ton, is beyond Imagination. There
aye inouiries now for next October
Ihsrs is also a scarcity OF apartment
= apartment houses
TIE only apartment houses nov un'
ger eonstruetion are the John AlGer
Ap.rtnsntl a. ~ West 10th 81. which
vi Dc rssoy for October. lsl ara
sss IN West 18TH ST., and also ia
ssti 18Th g.. both owned b. ". Lust
= ;,rtsr.