At age 27 he was appointed a Captain in Washington's army, and was afterwards treasurer of New Jersey, and bought at public auction from the state of New Jersey land which had been confiscated from a Tory landowner. The land, described as "William Bayard's farm at Hoebuck" comprised approximately what is now the city of Hoboken. Stevens built his estate at Castle Point, on land that would later become the site of Stevens Institute of Technology (bequeathed by his son Edwin Augustus Stevens).[2]