Assessed 1930: $3,900,000.
Appraised:
Geo. R. Read & Co. and Chas. F. Noyes
Company, Inc.,, at not less than.......... $4,000,000
Junior Lien: $375,000 7% General Mortgage Bonds.
Security: Fee estate in the plot of ground with an entire block
front on John Street between Cliff and Pearl—192 feet front-
age on John Street, 113 feet on Cliff Street, 55 feet on Pearl
Street, and 196 feet rear and a 26-story modern office
building, ground area 16,115 square feet.
Building is in center of insurance district, and in Septem-
ber, 1929, was over 90% rented, though completed in April.
Present rentals (February 21, 1930)......... $665,000
Vacancies (February 21, 1930)...........uu.. 9,500
Excess of present rentals over interest and
amortization ...... $495.000
Price Range: January-May, 1930—9612-94.
301 East 38th Street Building
(New York City)
First Mortgage Fee 1939 Sinking Fund 6% Bond Certificates
Amount: $850,000.
Dated: July 11, 1929.
interest: January and July Ist.
Maturity: July 1, 1939.
Denominations: $1,000 and $500.
Taxes: 2% Federal-—Minnesota, Montana, Pennsylvania, Con-
necticut, Vermont, California, Oklahoma, Maryland, West
Virginia, District of Columbia, Michigan, Colorado, Kansas,
Kentucky, Wyoming, Nebraska, Virginia. Iowa, New Hamp-
shire and Massachusetts.
Redemption: For Sinking Fund 101; otherwise 102,
Trustee: Straus National Bank & Trust Company.
Legal for the investment of trust funds in New York.
Appraised:
Slawson & Hobbs...................
Mark Rafalsky & Company...
Assessed 1930: $1,100,000.
$1,320,000
1.395.000
10