Tag Archives: Wall Street

Old New York In Photos #163 – The Financial District During An Air Raid Test

Pedestrians Scatter As President Eisenhower Runs An Air Raid Test In New York – 1957

My mother and father tell of practicing “duck and cover” in school.

The drill was to supposedly protect oneself from a nuclear bomb. As if crouching under a desk would have done anything to shield you from an atomic blast. Continue reading

Soaring New York Real Estate Values From 1790 To 1889

The Escalation Of New York Real Estate Over A Century

Properties Priced For Thousands In 1790 & Their Steady Climb In Value Through 1889

The McComb Mansion At Broadway New York’s Finest Home in 1790 & The Residence Of President George Washington

Currently what does $250 million buy for you in New York City? The asking price is not for an entire block, apartment complex, building or townhouse.

It is the price for the most expensive home in the city; a 17,565 square foot seven bedroom penthouse apartment at Central Park Tower 217 West 57th Street.

In an 1889 Harper’s Weekly article, Scott Thompson delved into the early days of Manhattan real estate. In 1790 most of the homes, the farms and Continue reading

Old New York In Postcards #27 – The 10 Tallest Buildings In 1939

Skyscraper Race – The 10 Tallest Buildings In New York City In 1939

When the Park Row Building was completed in 1899, the 31 story office building was the highest in New York and the world at 382 feet. Less than seven years later it was no longer the tallest, with the Singer Building soaring 211 feet higher than the Park Row.

Today the Park Row Building, converted to residences, is not even among the 100 tallest buildings in New York. And the Singer Building was demolished over 55 years ago.

The constant desire by developers to top one another has continued and accelerated in the past dozen years.

The skyline is being overtaken by mostly nondescript glass boxes dwarfing other buildings and eclipsing many of the classic New York skyscrapers.

As of 2022 the ten tallest buildings in New York are:

Rank   Name                                 Height Stories Year Completed Address
1         One World Trade Center 1,776    94        2014                     285 Fulton Street
2         Central Park Tower          1,550     99        2021                     225 West 57th Street
3         111 West 57th Street       1,428     85        2022                     111 West 57th Street
4         One Vanderbilt                 1,401      73       2020                      1 Vanderbilt Avenue
5         432 Park Avenue              1,397      85       2015                      432 Park Avenue
6         30 Hudson Yards              1,270     103     2019                      500 West 33rd Street
7         Empire State Building      1,250     102     1931                      350 Fifth Avenue
8         Bank of America Tower   1,200       55      2009                     1101 Sixth Avenue
9         3 World Trade Center      1,079       69      2018                      175 Greenwich Street
10       The Brooklyn Tower         1,073       73      2022                      9 DeKalb Avenue (Brooklyn)

Recently looking at the 1939 World Almanac there was a list of the tallest buildings in New York.

Here are the top ten from that list-

All heights listed are the Almanac’s figures which may differ from modern estimates.

1. The Empire State Building is located on the site of the original Continue reading

Whoops. Army Anti-Aircraft Guns Hit The Equitable Building

The Army Fires Live Shells & Hits New York’s Equitable Building – 1942

Equitable Building hit by army anti-aircraft shell March 13 1942 photo AP

Photograph shows where New York City’s Equitable Building was struck by an anti-aircraft shell. March 13, 1942 Photo: AP

The old Equitable Building at 120 Broadway was destroyed by fire January 9, 1912.

A different sort of accident occurred thirty years later to the new Equitable Building.

On Friday, March 13, 1942 during World War II, eight anti-aircraft shells were mistakenly launched by the army from the East River. The Equitable Building was hit by one of the 37 millimeter shells. Continue reading

New York Illustrated – As It Was 150 Years Ago – Part III

New York Illustrated 1870

Part III – 150 Years Later And (Mostly) Still Here

Our third installment of illustrations taken from Reverend J.F. Richmond’s New York and Its Institutions 1609-1871 (E.B. Treat; 1871) looks at what remains today. Continue reading

Old New York In Photos #107 – Drexel Building 23 Wall Street aka J.P. Morgan Building

The Demolition of the Drexel Building c. 1913 aka J.P. Morgan Building

Drexel Morgan Building photo Detroit Publishing Co.One of the most valuable pieces of real estate in New York City is 23 Wall Street at the corner of Broad and Wall Streets. From 1876 -1913 the site was occupied by this building, the Drexel Building seen in the photo above made by the Detroit Publishing Co.. Continue reading

Occupy Wall Street 1938 Style

Wall Street Protest February 19, 1938

The Occupy Wall Street protest movement garnered a lot of media attention when it occurred in 2011.

The rich get richer and the poor get poorer is a theme that has played out time and again over the course of American history.

The Great Depression put millions of Americans out of work. It wasn’t just about the rich versus the poor. It was about survival and a serious shortage of jobs.

Eighty years ago today, this is how a jobs protest was described as it reached Wall Street: Continue reading

10 Things About New York in 1892 That You Didn’t Know

From An 1892 Guidebook – 10 Things You Didn’t Know About New York

14th Street between Fifth and Sixth Avenues in 1892 photo: KIng’s Handbook of New York

The old New York City guidebooks always contain interesting information. These facts are from an 1892 guide.

The New York Post Office handled over 600,000,000 pieces of mail matter annually. That may not be so amazing. What is amazing is that they had an annual profit of $3 million dollars!

Trinity Church is part of Trinity Parish. The Parish was the richest in America. Income from its real estate and other holdings amounted to over $500,000 annually

It was free to walk over the 9-year-old Brooklyn Bridge. Vehicles had to pay a toll of 3 cents each way.

At Centre and Franklin Streets stood the City Prison, better known as The Tombs, because of the architectural resemblance to Egyptian tombs. Before the death by electrocution law went into effect in 1889, all condemned murderers sentenced to death by the New York courts were executed in the Tombs. Continue reading

Old New York In Photos #71 – Wall Street In 1880 & 1904

Two Views of Wall Street – 1880 & 1904 – With A Story From A 19th Century Stockbroker

Wall Street 1880

Wall Street 1904

 

 

 

 

 

 

 

 

 

The changes in Wall Street from 1880 to 1904 are clear by comparing these two photographs taken from Broad Street. The center of each photograph is unchanged with historic Trinity Church at the foot of Wall Street and Broadway.

In the 1880 photo the church clock indicates it is 9:40 in the morning. Wall street looks almost provincial with gas lit lamps and small five story buildings, mainly housing insurance companies, brokers and banks. With the wild stock swings in this tumultuous era, many firms were here today, gone tomorrow.

On the far left side behind the gas lamp you can see the advertisement on the stairs leading to 17 Wall Street for stock brokers Taylor Brothers. Directly adjacent is a three story building with a sign above its entrance for Duff and Tienken, gold brokers. Immediately next to Duff and Tienken at 13 Wall Street is the first building owned by the New York Stock Exchange. Looking closely  at the sidewalk in front of most of the buildings, the small circular cylindrical objects are coal chute covers.

Fast forward 24 years later to 1904 and Wall Street is lined with tall buildings. Continue reading