MARSHALL FIELD BUYS BIG ESTATE; Pays $1,500,000 for 1,630 Acres Near Huntington, L.I.
BIGGER THAN MACKAY'S
Chicago Merchant Will Occupy the Largest Private Estate on Long Island.
|June 12, 1921|
It is understood that the buyer intends to develop the property as a country estate for his own occupancy. This will give Mr. Field the largest private estate on Long Island, the next in size being that of Clarence H. Mackay("Harbor Hill"), who has 700 acres of parked land at Roslyn, and Otto H. Kahn("Oheka"), whose 500-acre estate is at Cold Spring Harbor.
The property acquired by Mr. Field, which has a frontage of more than two miles on Long Island Sound and Lloyds Harbor, includes 1,474 acres sold by the Incorporated Land Company at about $800 an acre.
Thomas M. Hodgons of Montana originally purchased this tract a few years ago and subsequently formed the company which had intentions of developing the land on the lines of the Piping Rock Club.
The Ryan estate sold 150 acres at $1,000 an acre. A fourteen-acre gore at $3,000 an acre was purchased from Richard Derby(surgeon), son-in-law of the late Theodore Roosevelt, whose family at one time owned the bulk of Lloyds Neck.
The land acquired is rugged, rolling country, heavily wooded, and adjoins the 500-acre estate of William J. Matheson of the National Aniline Company.
Last month Mr. Field purchased as a site for a city home the four private dwellings at 3 and 5 East Sixty-ninth Street and 4 and 8 East Seventieth Street. The entire plot has a frontage of 60 feet on Sixty-ninth Street and 52 feet on Seventieth Street, the depth being 200 feet. George McAneny, Chairman of the new Transit Commission, lives in 6 East Seventieth Street, under a lease which still has a year to run.
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