Real Estate Board Building
(New York City)
Second Mortgage 7% Fee

Amount: $600,000.
Dated: January 1, 1926.
Maturity: January 2, 1946.
Interest: January and July 1st.
Denominations: $100, $500 and $1,000.
Trustee: Title Guarantee & Trust Co.

Prior Lien:
Mortgage due in 1931, 5% .....
Assessed, 1930:
Land and building ............ _......... $1,350,000
Security: Fee estate in plot of ground having a 62.6 foot frontage
 on East 41st Street, and depth of 100 feet, and the 16-story
 office building erected thereon known as No. 12
East 41st Street, which houses the Real Estate Board of New
York, and the New York Real Estate Securities Exchange.
Earnings:
1929 rentals ........ sis .
Operating expenses, and taxes exclusive of
depreciation and income tax

teen

110.679.38
$109,634.69
42,500.00
Net available for interest on above bonds .. $67,134.69
7% on bonds outstanding ...... — 42,000.00
Times earned .. 1.65

Beaux-Arts Apartments, Incorporated
(Affiliated with United States Realty & Improvement Co.)
Incorporated: In New York in February, 1929, to own and operate
 two sites on East 44th Street between First and Second
 Avenues and have erected thereon two apartment
buildings.
Funded Debt: None.
Capital Stock:
$6 Cumulative First Pfd.,, no par..
$6 Second Preferred, no par......
Common Stock ... ieee

Authorized Outstanding
39,375 sh. 39,375 sh.
17,500 sh, 13,125 sh,
100.000 sh. 100.000 sh.

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