Niblo's Garden, Broadway and Prince Street, 1828
The directors bought the house and lot on the northwest corner of Wall and Water Streets, where the original Merchants coffee house stood, paying £1,970. They next acquired the adjoining lots on Wall and Water Streets, paying £2,510 for the former, and £1,000 for the latter.
The cornerstone of the new coffee house was laid June 5, 1792; and a year later to the day, 120 gentlemen sat down to a banquet in the completed coffee house to celebrate the event of the year before. John Hyde was the first landlord. The house had cost $43,000.
Coffee Relics of Dutch New York
Spice-grinder boat, coffee roaster, and coffee pots at the Van Cortlandt Museum
A contemporary account of how the Tontine coffee house looked in 1794 is supplied by an Englishman visiting New York at the time:
The Tontine tavern and coffee house is a handsome large brick building; you ascend six or eight steps under a portico, into a large public room, which is the Stock Exchange of New York, where all bargains are made. Here are two books kept, as at Lloyd's [in London] of every ship's arrival and clearance. This house was built for the accommodation of the merchants by Tontine shares of two hundred pounds each. It is kept by Mr. Hyde, formerly a woolen draper in London. You can lodge and board there at a common table, and you pay ten shillings currency a day, whether you dine out or not.