The sun., 1918-07-14

'Ho S"h VI tue nation Tor soldiers ana
sailors. While the outflow has been
large the inflow has been larger. Brook
Ign folks are locating on the upper West
Side. and Humber have left New Jer-
sey to live In the forest of apartments
on the West Side OF Manhattan. There
are others who have slipped across the
city from the East Side in an effort to
economist. Many are known to have
come from other parts OF the country. at
tracted here by business prospects
others who have located in New York
apartments have been in the habit in
former years of spending much time in
Europe. They have come TO New York
because 1t is the liveliest spot in the
world. an amusement centre. a fashion
centre and the centre Of lot Of things
formerly found in foreign capitals. This
class OF tenantry Is no less great than
those who are on the move because Of
dissatisfaction. development of the
fuel shortage Of last year.
1t would be we'll for folks who have
such reasons for moving not to tell their
troubles to the renting men in the other
house, because he will ind an excuse to
keep them out, as the market conditions
permit the agent to bar kickers. and
he usually does 1t.
Reimbursement Of the living conditions
Of families hard hit numerically and
financially by the country's entrance into
the war has greatly increased the de-
mand FOR suites, OF four, five and six
rooms. They are the most POPULAR in
every section OF the city, and a canvass
OF the large real estate agencies will
disclose that the shortage Is greatest
In suites ranging from two to six rooms.
Those who can use larger suites will not
find them as difiictrit to secure as the
smaller ones. 1t Is the opinion of real
estate men on the East and West Sides
that there will hardly be an apartment
in the market for rent by August !; 10
any remain they will be the least desir-
able
the East Side is given by Pease & Eli
man when they point to the fact that
there are fifty-four apartment buildings
on Park avenue containing about ] 800
apartments OF which only forty-e!ght
were in the market yesterday for rent.
They range in rentals from s.. 900 TO
$4,000 a year and represent the finest
apartment structures on the East SIDE.
The shortage on Park avenue would be
considerably less the brokers point out.
II the new Palermo apartment mouse on
the block from Forty-seventh to Forty
eighth streets. Madison to Park avenues.
was excluded from the count. as there
are more vacancies in that house than in
any other house on the avenue, due OF
course to the fact that II Is still under
construction. Apartments now to be
had there are chiefly OF the large type
containing as many as seventeen rooms
and renting for as much as $4,000 a
year Park avenue reflects conditions
through the entire East Side apartment
house section
c. d. Hobbs of .Slawson & Hobbs
speaking about conditions on the West
Side said that of the 1000 apartment
suites in the control of his firm about
200 are now on the market for occu-
pancy after October. About fourteen Of
this number can be had Immediately.
Just at the moment it is a question, Mr..
Hobbs said II there are more than two
dozen vacant apartments on the entire
West Side. His Arm Is now offering
over 200 apartments ranging from two
to ten rooms in size and at rentals rang
ing from s312 to $4,000 a year. AL
though the scarcity is in apartments OF
six rooms or less. the rental roll OF this
concern shows that there are more
smaller suites being offered for rent from
October than larger apartments. The
books show that eighty-six suites OF
seven TO ten rooms will be vacated on
Oct. ] and 1913 suites OF from two to six
rooms. But this Ia another one of the
peculiarities of the apartment renting
situation this year.
Study of the entire field shows that
the predominance of vacancies Is in the
large suites. II Is the case on the East
Side at least, and the opinion OF most
Of the agents on the West Side is that
the big fats are going to remain longer
on the market than the smaller ones
and that the assertions will be greater
frnn fhn how iA
ones. economy OF living being an en-
forced matter with a lot Of folks these
days. The vacancies on the East Side
are less than on the West Side. For in
stance. on Park avenue between Forty
seventh street, where Or. Charles V.
Palermo has built the largest apartment
and one of the finest apartments in the
world and the north end OF the apart
ment house district on the East Side.
which is about Ninetteth street there
are only forty eight apartments vacant
or will be vacant on October In flfty-
four structures containing 1900 suites
of six to seventeen rooms. 1t is rec
ord which shows plainly the dearth OF
apartments of the finest character, As
Park avenue is the great apartment
street on the East Side, its condition
may be accepted as rejecting the con-
ditions through the entire district. one
one house, one or two in another house,
but the total OF vacancies at present
and expected between now and the start
Of the fall season would be surprisingly
small. so small that IL printed folks who
are seeking homes on the East Side
would be greatly discouraged by the
limited prospects.
Pease & Gilman said that 1t was the
most remarkable condition which they
had ever seen in the apartment field.
There seems to be no immediate solution
of the situation. One West Side agent
said the only solution Is TO get the
Kaiser" then builders would he released
from Government work and building
materials would be relieved of restric-
lions and buildings would be erected
once more in large numbers.
As the demand is for suites of six
rooms or less the suggestion vas made
by one OF the keen young men In COM
mand of the apartment renting business
OF one of the large uptown brokerage
houses that companies be organized to
buy or rent private houses and turn
them into small suites with restaurants
on the lower floors He said that such
houses would not only relieve the sit
uation more than little but would
prove very good speculative properties
as well as fine investments. Houses
which have been attractively altered
have proved the contention OF this man
by renting up at rates as high as $500
a year per room. and before the builders
had completed the alteration. with the
restaurant on the first floor, kitchenettes
N,,. ha ali N-