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.