Bankruptcy Sale_305 E 61st Street New York NY__

PROPERTY SPECIFICS
TRANSIT MAP
AREA OVERVIEW
The subject property is located in Lenox Hill within the borough of Manhattan
in New York City. The neighborhood is named for the hill that “stood at
what became 70th Street and Park Avenue. The name “Lenox” is that of
the immigrant Scottish merchant Robert Lenox (1759-1839) who owned
about 30 acres of land “at the five milestone”, reaching from 5th Avenue
to 4th Avenue and from East 74th Street to 68th Street. For the sum of
$6,420 ($103,000 in current dollar terms) he had purchased a first set of
three parcels in 1818 at an auction held at the Tontine Coffee House of
mortgaged premises of Archibald Gracie, in order to protect Gracie’s heirs
from foreclosure, as he was executor of Gracie’s estate. Several months later
he purchased three further parcels, extending his property north to 74th
Street. According to one source, “Thereafter these two tracts were known
as the ‘Lenox Farm.’” The tenant farmhouse stood on the rise of ground
between Fifth and Madison avenues and 70th and 71st Streets, which would
have been the hill, if the property had ever been called “Lenox Hill”. The
railroad right-of-way of the New York & Harlem Railroad passed along the
east boundary of the property.
Robert Lenox’s son James Lenox divided most of the farm into blocks of
building lots and sold them during the 1860s and 1870s. He also donated land
for the Union Theological Seminary along the railroad right-of-way between
69th and 70th Streets, and just north of it a full square block between Madison
and Fourth Avenue, 70th and 71st streets, for the Presbyterian Hospital. He
built the Lenox Library on a full block front of Fifth Avenue, now the site of
the Frick Collection.
TRANSPORTATION
Public Transportation is available near the subject property.
2 Blocks to MTA Lexington Ave-63rd St Station: F, M, Q, R Subway
3 Blocks to MTA 59th St-Lexington Ave Station: 4, 5, 6 Subway
1 Block to MTA M15, Q60, Q101 Bus Lines
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