170 Broadway Building
(New York City)

First Mortgage Leasehold 1949 Sinking Fund 6%% Bonds
Amount: $1,300,000; retired, $123,500; outstanding, $1,176,500.
Dated: May 1, 1925.
Maturity: May 1, 1949.
Interest: May and November 1st.
Denominations: $1,000 and $500.
Taxes: 2% Federal—Penn. Conn. Calif, Kas., Mich, Maryland,
 Ky., D. C., Va., Mass.
Redemption: 103 to 1930; then 102 to 1935; then 101 to 1948.
Trustee: Manufacturers Trust Company.

Appraised: Leasehold, $2,500,000.
Prior Lien: (7).
Assessed 1930: Land, $2,100,000; land and building, $3,000,000.
Security: Leasehold estate in land at the southeast corner of
Broadway and Maiden Lane, 76.7 x 110.1—8,935 square feet
area, and the 18-story office building erected thereon.
Lease extends to 2009 and present rentals are $100,000
annually to end of term.
Earnings:

Year
1926 ..
1927 ..
1928 ..
1990

Available
for interest
$155,147
140,494
105,521
108.184

Interest
$82,961
81,239
79,318
77.368

Times
earned
1.87
1.73
1.35
1.439

200 Madison Avenue Building
(New York City)
Second Mortgage Fee 1940 Sinking Fund 7% Bonds
Amount: $1,750,000; outstanding, $1,564,500.
Dated: March 1, 1925.
Maturity: March 1, 1940.
Interest: March and September 1st.
Denominations: $1,000, $500 and $100.
Taxes: 2% Federal—Penn. and Conn. 4 mills, Mass. 6%.