Fifth Avenue and 28th Street Building
(New York City)
First Mortgage 6%% 1945 Sinking Fund Certificates
Amount: $2,000,000—outstanding $1,900,000. September 30,
1929,
Dated: November 25, 1925.
Maturity: November 15, 1945.
Interest: May and November 15th.
Denominations: $1,000, $500 and $100.
Redemption: 103 to November 15, 1935; then 102 to November
15, 1939; 101 thereafter to November 15, 1943—then par.
Sinking Fund: $50,000 annually commencing May 15, 1928.
Legal for trust funds in New York.

Appraised:
Land appraised by Brown, Wheelock, Harris,
Vought & Co, Inc. ....oovve einaveanns
Land and building, Charles F. Noyes &
COTAPATIY +2 svarma sss staves serves vos
Land and building, Thoens & Flaunlacher,
Assessed 1939: $2,200,000.
Security: The 5th Avenue and 28th Street Realty Co. Inc,
owns the fee estate in the land on the southeast corner of
Fifth Avenue and 28th Street, New York City, fronting
86.10 feet on Fifth Avenue and 125 feet on 28th Street,
irregular depth, containing approximately 11,100 square feet,
and a modern 24-story office and loft building thereon
completed in 1927, 225,000 square feet of rentable area.

Earning Record:
Wel Tenials suvisnrrrsisms rusrernn
Operating expenses, real estate
taxes. ete. ..

1929
¢ 393.958

132.830

261,128
1,900,000
Interest requirements—itimes earned 2.11

Net available for interest, depreciation
 and Federal taxes ..........
First mortgage 6%s outstanding
September 30 . i ierenee

1928
¢& 320365

132.6'79

197.286

1,950,000

158

Price Range: January-May, 1930—96%2-90.

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