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New York

This month in real estate history

A look back at some of New York City's biggest real estate stories

Lord and Taylor on Fifth Avenue
Lord and Taylor on Fifth Avenue

From the May issue: 1909: Record sale price for future Lord & Taylor home

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Two Brothers Paid A Record Price For A Corner Lot On Fifth Avenue that ultimately created one of the largest store frontages on a newly booming section of Fifth Avenue for Lord & Taylor’s flagship department store. Frank and John Burton paid approximately $950,000, or $265 per square foot — a Fifth Avenue record at the time — for the northwest corner at 38th Street. The purchase gave the Burtons control of about 148 feet along the avenue, enough to attract the large retail tenant. [more]