Professional Center Building 
(New York City) 
First Mortgage Leasehold Sinking Fund Gold 7% 
Amount: $1,000,000. 
Dated: July 1, 1927. 
Maturity: July 1, 1947. 
Interest: January and July 1st. 
Denominations: $1,000, $500 and 
Taxes: 2% Federal—District of 
come and any State taxes. 
Redemption: 105 to 1937; decreasing 4% each year thereafter. 
Trustee: Fulton Trust Co. of New York. 
Appraised: 
Horace S. Ely & Co. ..... 
Fred T. Ley, completed building... 
Assessed 1930: 
Land ..oopvsnnminns $1,300,000 
Land and building ...... ceeeee. 2,400,000 
Security: Leasehold estate extending twenty-one years from 
May, 1927, with two 21-year renewal privileges, covering 
the ground at the northeast corner of Sixth Avenue and 
57th Street, and the 18-story professional and store 
building erected thereon, completed in May, 1928. 
Earnings: Building about 60% rented, present signed leases 
total $300,000 and income therefrom is sufficient to cover 
bond interest. Building now owned by Champion Securi- 
ties Corporation, which represents minority stock of A-C 
Spark Plug Company, which is in turn controlled by 
General Motors. 
New York Athletic Club 
(New York City) 
First and General Mortgage 1948 Sinking Fund 6% Bonds 
Amount: $6,250,000 ($1,250,000 retired by release of parcel)— 
$5,000,000 outstanding. 
Dated: October 1, 1926. 
Maturity: October 1, 1946. 
Interest: April and October 1st. 
Denominations: $1,000, $500 and $100. 
Taxes: 2% Federal—Pennsylvania 4 mills, Massachusetts 6% 
income. 
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