New-York tribune., 1919-09-14
Large Spaces Divid.
ed Into Small
Shops, for Which
Big Demand Ex.
ists-Owners Who
Feared Losses Now
Enjoy Larger In.

the store facing Seventh Avenue !.
70 feet deep and extends back h..
hind the other store. The remain;,,
20 feet on Seventh Avenue was ren+ad
out as one store at $4,000. The sev-
enth Avenue and Forty s.rso.
store is valued at $4,000, and the in.
side store is rented at $4,000.
The shirt company, which took n.
corner store, subeased triangul,-
space fronting three feet on the .yo
nue. and eight feet on the deeoest sis.
for $4,000.
The upper floors of the buildinc
which were used for hotel purnosos
arc not to be rented, the shirt COM
pany having decided to rent the facad.
OF the building for display purpose,
for about $4,000. The sign priyiloo.
on the roof Will also rent for s. ooo
and the basement is expected to br;,,
$4,000. -Four years ago Mr.. Furtbm.a
would have sold the right to parcel ~
these privileges for $4,000.
Making Money Fast
The two-story building at the south.
west corner of Broadway and Fiftiet,
street is producing a larger ncoma
to-day than ever before. Il WAS Mood
as saloon, but prohibition had h.
effect of shaking the hold of the nro.
prletor, who accepted a proposal O,
u. A. Schultz, cigar dealer, to part Wit,
his lease for $4,000, to be paid in 70,
yearly lnstalments. 1t is understood
that the rental of the premises under
the lease held by the saloonkeeper va.
s2z,OUO a year. Mr.. Schultz believe.
that choice locations should mt :.
inohopoiized, so he subdivided the
street fioor, which is 80 feet on Broad.
way and 60 feet on Fftieth Stree. into
nve stores, one Of which he retains
Ior his own use and the other fou.
he rents for $4,000 a year. He value.
ms own store at $4,000. so that n.
1of1ner saloon floor is worth 500 nm
nuder the new arrangement and 70 rho
new tenants. The second floor ia oc.,-
pied by Chinese restaurant companv
which pays $500 for the space
Cronln's saloon, at the soutbwes.
corner of Broadway and Fortv.ei,btb
Street, a store II feet on Broadway and
ioo feet deep. is worth $4,000 as util-
lzed now, although Mr.. Cronin pavs
only $4,000 year for qae space The
Dollar Shirt Company went to Mr.
Cronln with the proposition. followin,
','e pio"'oielon measure, that he let
1hem have the front 65 feet of tho
saloon, Cronin retaining the rear q,
feet.
What will you give for i.?p Mr.
cronln asked. The dickerinp snded
with the Dollar Shirt Company signing
a lease at $1,000 front foot for the
space II feet on Broadway. The lease
calls for $4,000 a year rent Space
occupied by Mr.. Cronin's saloon ia
worth $4,000. The deal amounts 70 ;us.
TINS: Cronin gets store 17x95 feet
"orth $4,000 year for nothing and
$4,000 in cash in addition.
Drugs Pay Better Than Booze.
Llpton's, on Park Row rss or. -
Dhe pest known drinking establish
ments IN the lower part of the city Il
occupied the store next to Loft's candy
sAop Tor many years, and catered 10
'Ae thirsty newspaper writer's. some Of
"nom nave become famous novelists.
VISITING editors and writer's to Park
no" also visited Lipton's. In later
years rat Crowley conducted the place
his lease called for the payment Of
9lo'o0o year rent. Business in re-
cent years did not warrant this rental,
ana 1T was lowered to $4,000 A wear.
"hen Congress passed the bone dry"
Ia" and Albany said "Yes" to the &C.
tlohs OF Federal lawmakers. Mr.. Crow
icy decided that there was no use run
Aihg Llpton's longer, ard he pushed the
polt In the door and left i: there. The
Natlona! Drug Company has taken the
space and will pay $4,000 year for il.
few hundred feet south on PARK
Row, at the corner of Beekman Street,
IS saloon and restaurant known as
the Beekman for which several are
wiling 10 pay $4,000 a year for space
occupied. The owner has refused to let
1t go at that figure, even though only
Slo,ooo is the rental paid by the saloon
and restaurant proprietor. An inter-
estlng feature of this deal is that pos
session cannot be had for four years,
as the saloon and restaurant lease does
not expire until 1928 Stewards old
place IN John Street rented for $500
year as a saloon. The space is nov
IN the market for rent, and $4,000 is
understood to have been refused
1t will be noticed that the space
winch formerly was used BY one busi-
ness, a saloon, is now used by several
Chain store establishments have fig
ured out just how much space they re-
qulre and will take just that much and
no more. The principle is TO make
every foot work The chain stores
have furniture built a certain size and
hold 1t IN stock. The store therefore
must fit the furniture. which is meas
ured TO the exact needs of the concern
to carry on business The clerk EN-
ployed in one chain store is net ou'
OF place hen he goes to another; ms