Wadsworth Building
(44-48 Cedar Street, New York City)
First Mortgage 6% 1953 Sinking Fund Gold Loan
Original amount: $3,250,000—outstanding $3,168,500.
Dated: August 1, 1924.
Maturity: August 1, 1953.
Interest: April and October 1st.
Denominations: $1,000 and $500.
Redemption: As a whole at 101—for sinking fund 103 to 1930;
then 102 to 1940; then 101 to 1952.
Taxes: 2% Federal—Pennsylvania, Connecticut, California,
Maryland, Kentucky, District of Columbia, Michigan, Vir-
ginia and Massachusetts.
Trustee: United States Mortgage & Trust Co.
Legal for trust funds in New York.
Assessed 1930: $3,800,000.
Appraised: William Kennelly, Inc, and S. Osgood Pell & Co.
in excess of $5,175,000.
Security: Cedar-William Street Corporation owns the fee
estate in the plot of ground at the southwest corner of
Cedar and William Streets, in the heart of the financial
district, 167.3 feet on Cedar Street and 80.2 feet on
William Street, total area 12625 square feet, and the
18-story modern office building erected thereon, with
a basement entrance to the subway. The building has a
rentable area of 142,866 square feet.
Earnings: Year ended December 31, 1928—
Cros COMI -vonvesiarsssmuniniissmsinis
Taxes, operating expenses and insurance. .
Interest requirements
Times earned ..
$317,595.22
192,210.00
1a
Fuller Building
(New York City)
First Mortgage 1949 Sinking Fund 5%% Gold Loan
Amount: $5,000,000.
Dated: January 1, 1929,
Maturity: January 1, 1949.
Interest: January and July 1st.
1Q