When his father died in 1704 he inherited Gyldenløve's Little Mansion at the corner of Dronningens Tværgade and Bredgade as well as the County of Laurvig in Norway.

The new building was also known as Jernmagasinet ("The Iron Store") since stoves and other products from Danneskiold-Laurvig's extensive Fritzøe ironworks in Laurvig in Norway were sold from its ground floor.

The building was on 3 April 1783 sold to the merchants Frédéric de Coninck and Niels Lunde Reiersen for 46,000 rigsdaler.

Counter Admiral Andreas Georg Herman Schultz (1718-1798) and his wife Anne Margrethe True (1737-1825) lived in the large first-floor apartment with the 18-year-old girl Charlotte Lindemann (1767-1837), one male servant and two maids.

The 40-year-old clerk Jørn Bøttger and his 28-year-old wife Christiane resided in the more humble second-floor apartment with their three children, a 27-year-old maid and the property's caretaker Lars Larsen.

Later that same year Frédéric de Coninck sold the Danneskiold-Laurvig Mansion to wine merchant Johan Ludwig Friederich Zinn.

Owen resided in the first-floor apartment with his wife Susannah Christine von Pahlen (1794-1884), their seven children, (aged two to 17), two clerks and six servants.

Frederik August Esbensen (1802-), a clerk in Rentekammeret, resided in one of the grou nd-floor apartments with his wife Anna Christine, their little son and two maids.

Robert Kierm a wholesale merchant (grosserer), resided in the other ground-floor apartment with his housekeeper Anne Jensen.