sentences:  The name "Lenox" is that of the immigrant Scottish merchant Robert Lenox (1759-1839), who owned about of land "at the five-mile (8 km) stone", reaching from Fifth to Fourth (now Park) Avenues and from East 74th to 68th Streets.For the sum of $6,420 ($ in current dollar terms) or $6,920 ($) he had purchased a first set of three parcels in 1818, at an auction held at the Tontine Coffee House of mortgaged premises of Archibald Gracie, in order to protect Gracie's heirs from foreclosure, as he was executor of Gracie's estate.Several months later he purchased three further parcels, extending his property north to 74th Street.