HOUSING: Transition

In Woodbury, L. I. did the late Otto Hermann Kahn a stately pleasure dome decree. Architects Delano & Aldrich built it for him 22 years ago—a towering, turreted, 100-room French chateau surrounded with gardens, stables, farm buildings, 18-hole golf course, tennis courts, landing field and woodlands on 441 rolling acres. It was conservatively assessed at $1,100,000 and in it Otto Kahn, international banker (Kuhn, Loeb & Co.), art and opera patron, lived and entertained lavishly.

Otto Kahn died in 1934. His wife & children, though affluent, found the carrying charges of his...

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