One Thousand Ways to Make Money by Page Fox

325. THE APARTMENT HOUSE.--The apartment house, which is a kind of

evolution of the flat, is becoming a feature of life in large cities. The question whether it is a paying property will receive light by the consideration of the rents received by the owners of a building of this kind in New York, the Knickerbocker at Fifth Avenue and Twenty-eighth Street. This is a typical apartment house, and the tenants may almost be said to buy their rooms, for there are several who give $100,000 for a ten-years’ lease, and even small bachelor apartments on the tenth floor command $1,000 a year.