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 front- 
age 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 op- 
erate two sites on East 44th Street between First and Sec- 
ond 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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