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History Lessons

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David Dunlap takes a deep dive into the history of The Marquand, the 130-year-old beaut of an Upper East Side rental that is getting converted into luxury condos that start in the $10 million range. Compare that to the early 20th century, when six-room units rented at $165/month, and, whoa baby, 13-roomers were $580. But before that, a century ago, it all started with financier/art collector Henry Gurdon Marquand, who put up this OTT mansion-cum-compound on Madison Avenue. It didn't bear his name for about a century, but it has returned, and his stamp remains to this day?HFZ Capital's made-over Marquand will keep the escutcheons of yore, emblazoned with the letter M. [NYT; previously]