building erected thereon with a rentable area of 69,217 
sq. ft.—in the Grand Central district, about one block from 
“World’s busiest Center” —42nd and 5th Avenue. 
Earnings: 
1927 
1928 
1099 
Available 
for interest Interest 
$121,763 $70,662 
117,686 70,086 
110.340 683.646 
Times earned 
1.72 
1.68 
1.61 
Price Range: January-May, 1930—95-921/ 
Lefcourt-State Building 
(New York City) 
First Mortgage Leasehold 611% Bonds 
Amount: $1,800,000; outstanding, $1,745.000. 
Dated: April 25, 1927. 
Maturities: Semi-annually April and October 25, 1929-1943. 
Interest: April and October 25th. 
Denominations: $1,000 and $500 ($100 in 1943 maturity only). 
Taxes: 2% Federal—Penn., Conn., Vt. Maryland, D. C., Va. 
N. H.,, Mass. 
Redemption: 104 to 1932; then 103 to 1937; thereafter 102. 
Trustee: Straus National Bank and Trust Company. 
Appraised: 
American Appraisal Company... 
Spear & Company........ 
Assessed 1930: 
Land oioivnvovins. on $1,900,000 
Land and building........ . Cee eeeee.. 4,540,000 
Security: Leasehold estate in land at the northwest corner of 
Broadway and 37th Street 104 x 195'10%"”—and the 24-story 
office and loft building erected ther¢on. Lease runs for 85 
years from 1926, at present rentals of $155,000 to 1948. No 
lien prior to this bond issue can be placed on the fee or 
the leasehold. This leasehold is regarded as having a value 
in excess of $1,000,000 according to recent appraisals made 
on the sale of the fee. 
Earnings: This property is owned by 1375-1383 Broadway Cor- 
poration, a wholly owned subsidiary of A. E. Lefcourt 
=