Zurich Depository Building

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The building, developed by the Manhasset Office Group concern, was originally home to the first 24hr automated safe deposit box in North America through the Zurich Depository Corp. bank as well as the Long Island offices of Shearson Lehman/American Express.

The Zurich, Depository Corporation--which had no ties with any Swiss concern--was founded by six private investors in the 1980's as a private safe-deposit company. The vault, 25 feet below ground, was designed to store 6,000 safe-deposit boxes, ranging from 5 inches by 10 inches by 24 inches to walk-in vaults 9 feet by 8 feet by 4 feet. It cost more than $11 million to construct. They had hoped to capitalize on the affluence of the Manhasset area which would ostensibly need to store valuable items. They touted a 9R security rating which was second only to Fort Knox.

The building was purchased in 2002 by Schmergel Enterprises. After closing by the mid-2000's, the former bank space is now abandoned and the building is now largely used as office space for Northwell Health, practically empty.

archive.org/details/tmdesignsultimat0000fisc/page/186/m...
www.nytimes.com/1983/05/29/realestate/postings-a-safety...
www.nytimes.com/1984/10/04/business/surge-in-safe-depos...