When Andrew Carnegie began selling off his excess buildings lots, he sold this mid-block site to Mr. & Mrs William J. Sloane with the understanding that only a one-family house could be built between it and the Fifth Avenue corner, leaving a seventeen-foot swath of undeveloped land to ensure light and air for the freestanding mansion they themselves would build. The mansion is now part of the Convent of the Sacred Heart, which occupies the corner house that was eventually built.
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