Full text: Statistical manual

The Roosevelt 
(New York City) 
(New York United Hotels, Inc.) 
Twenty-Year 6% 1947 Sinking Fund Debentures 
Amount: $5,500,000 ($241,000 retired), $5,259,000 outstanding. 
Dated: February 1, 1927. 
Maturity: February 1, 1947. 
Interest; February and August 1st. 
Denominations: $1,000 and $500. 
Taxes: 2% Federal—Pennsylvania, Connecticut, Massachusetts. 
Redemption: 105 to 1932; then 104 to 1937; then 103 to 1942; 
then 102 to 1945; thereafter 101. 
Trustee: Central Hanover Bank and Trust Co. 
Stock warrants: Each $1,000 carries right to purchase before 
Feb. 1, 1932, 10 shares of no-par Class A stock, 2 shares at 
$40; 2 at $45; 2 at $50, 2 at $55 and 2 at $60—$500 in same 
Assessed 1930: 
Tand ......o0n.n $5,250,000 
Land and building .......ooovee 0 eaeines 11,050,000 
Appraised: 1927—Brown, Wheelock: Harris, Vought & Co, 
INC. eee treet ee eran ene seaneeaneeeans $9,500,000 
Prior lien on fee reduced to... 1,950.000 
Property: The Obligor owns the leasehold estate in plot of 
ground one entire city block square, in the Grand Central 
district, bounded by Madison Avenue, Vanderbilt Avenue, 
46th Street and 47th Street: and the 21-story hotel erected 
New York Central interests own the fee, and the lease runs 
to 1943 with the right to two 2l-year renewal periods, 
subject to lessor’s right, at end of first renewal, to purchase 
the building at its then value. The ground rental amounts 
to $280,000 annually. The fee estate is subject to a mort- 
gage originally $3,000,000, the proceeds of which Lessee 
advanced to Obligor as part of the cost of constructing the 
building. This mortgage is the debt of the New York 
Central interests, not the Obligor. The New York Central 
interests have reduced this mortgage to its present amount 
of $1,950,000. The advance to Obligor is to be repaid dur- 
ing the first 21-year term, and is defined in the lease as

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.