One such estate was that of wealthy New York financier Thomas Fortune Ryan. In August 1887, the Ryans purchased the former Groesbeck mansion, which was built in the 1860s. From the hilltop, the estate had a commanding view of the Ramapo Mountains. The Ryans called their estate "Montebello". Within three years, they had the elegant frame dwelling torn down and replaced with a large brick and stone mansion at the cost of $600,000. The new summer home contained such amenities as a two-lane bowling alley, an electric elevator, a private chapel, greenhouse, 13 fireplaces and in all, over 44 rooms. The estate comprises and has a working farm, not including the 5 smaller "mansions" the Ryans built for their sons in the area, some of which are still standing today.