Appraised ....... veevee. $16,000,000
Assessed for tax purposes in 1930 ......... 14,300,000
Security: Fee estate in the ground bounded by Broadway,
Trinity Churchyard, Trinity Place, Cedar Street, with
Thames Street intersecting. On this property the two build-
ings, 111 Broadway, and 115 Broadway, are erected—both
21-story high-type office buildings, in the very heart of
Manhattan’s downtown financial district.
Guarantor: The buildings are owned, and the bonds are the
obligations of, Trinity Buildings Corporation, controlled
through stock ownership by United States Realty and Im-
provement Company, which latter corporation guarantees
this issue of bonds.
Earnings: The earnings of these buildings are not reported
separately, but are part of the earnings of the guarantor,
United States Realty & Improvement Company, which are
as follows:
Net income
$897,092
2,487,803
2,704,650
3,335,691
3,365,569
4,224 089
5,421,939
5,522,095
5,516,303
~. 5,666,184
Price Range: January-May, 1930—10015-100%.
a aes
100 West 55th Street Building
(New York City)
First Mortgage Fee 1940 Sinking Fund 6%% Bonds
Amount: $1,400,000; retired, $125,000; outstanding, $1,275.000.
Dated: January 15, 1925.
Maturity: January 15, 1940.
Interest: January and July 15th.
Denominations: $1,000 and $500.
Taxes: 2% Federal—Penn., Conn., D. C., Mass.
Redemption: 104 to 1930; then 103% to 1935; thereafter 103.
Trustee: Metropolitan Trust Company.