- Steinway & Sons makes $500,000 net profit.
- Concerned that the moisture from Bowery Bay results in prolonged drying of wood, varnish and glue in the original Astoria factory on Riker Avenue, Steinway & Sons trustees decide to buy a piece of land on Ditmars Avenue in Astoria for approximately $100,000, and begin to build a new factory: a three-story, U-shaped brick building of about 125,000 square feet (three more stories and the equal square footage will be added to the new factory in 1911, after the sale of the original Park Avenue factory). The new factory will soon be known to Steinway & Sons people simply as “Ditmars”, while the original Rikers Avenue factory will be christened as “Riker”. The piano parts, made in “Riker”, will be driven to “Ditmars” in a van, pulled by a pair of brown horses, and there the pianos will be assembled, finished and regulated.