Full text: Statistical manual

Assessed 1930: 
"LANE, wc 5 25 prwgemes « $3,425,000 
Lands and buildings .......ce0veen. ... 4,100,000 
Security: Leasehold estate in the property at the southwest 
corner of Fifth Avenue and 36th Street, 95x166, and two 
adjoining buildings, each eight stories and two basements— 
one leased to Russek’s Fifth Avenue, Inc. ladies’ apparel, 
and the other to Wise Shoe Store—both leases running be- 
yond bond term. 
Earnings: Each lease is on a net rental—that is, the lessor 
pays the operating expenses, taxes, etc. The Russek lease 
rental is $250,000 and the Wise Shoe Store, $100,000. 
Net earnings for 1926 were $205,981.82 
1927 215,041,32 
1928 231,216.00 
1929 239,550.00 
Maximum bond interest—$90,000 
Varick Street Station 
‘New York City Postoffice) 
1st Mortgage Fee Sinking Fund 6% Bonds 
Amount: - $3,000,000 ($1,000,000 reserved; $183,500 retired; out- 
standing $1,816,500. 
Dated: August 1, 1924. 
Maturity: August 1, 1941. 
Interest: February and August 1st. 
Denominations: $1,000, $500 and $100. 
Taxes: Federal 2%. 
Redemption: 102 to 1939: 101 to 1941—or as a whole—after 
1928 at par. 
Trustee: Irving Trust Company. 
Assessed 1930: $1,700,000. 
Appraised: Wm. Kennelly, Inc, and Fenimore C. Goode, at 
Security: Fee estate in land, area 163,000 square feet, and the 
four-story building located at 34 to 50 Varick Street, New 
York City, used for postal purposes. 
Earnings: The building is leased to the United States Govern- 
ment for a term extending beyond the maturity of the 
bonds, at an annual rental of $300,000. The operating cost 
during 1928 amounted to $56,323, and while this expense 

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