Bryant Park Building
(New York City)
First Mortgage Leasehold Sinking Fund 6%% Bonds
Amount: $3,000,000.
Dated: July 1, 1925.
Maturity: July 1, 1945.
Interest: January and July 1st.
Denominations: $1,000 and $500.
Taxes: 2% Federal—Penn. Conn., Maryland, Massachusetts.
Redemption: 105 to 1930; then 104 to 1935: then 103 to 1940;
then 101 to 1945. .
Trustee: Central Hanover Bank & Trust Company.
Appraised:
Leasehold by George R. Read & Co. ...... $4,650,000
Enlarged building ...........ccovviineei... 2,650,000
Security: Leasehold Estate extending to 1946 at an annual
rental of not more than $150,000, with a 20-year renewal
privilege, in the land at the northeast corner of 42nd Street
and Sixth Avenue, area 20,800 sq. ft., and the 15-story office
and store building thereon, with a frontage of 208 feet on
42nd Street and 100 feet on Sixth Avenue.
Earnings:
Available for Times
Year fixed charges Fixed charges earned
1926 “138,874 $204,626 0.68
1927 137,149 206,534 0.62
1928 226,408 183,722 1.77
1929 .......... 491,000 199,000 2.47
Note: The 1926 and 1927 earnings do not reflect the
earning power of the present structure—to which nine
stories were added in 1927, and much of the existing six
floors were altered, making it much more suitable for rental
demands.
Lord’s Court Building
(New York City)
First Mortgage 5%% 1942 Sinking Fund Gold Loan
Amount: $2,500,000; outstanding, $2,449,500.
Dated: June 1. 1926.
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