Security: Fee estate in land fronting 100 feet on East 38th
Street, depth 98'9”, L-ing onto Second Avenue, and the 16-story
 apartment building erected thereon—in the Grand
Central District.
Note: Building opened October, 1929, and is 70%
rented.

522 West End Avenue Apartment Bldg.
(New York City)
First Mortgage Fee 6% Serial Bond Certificates
Amount: $675,000—outstanding $478,500.
Dated: July 30, 1924,
Maturities: July 30, 1927 to 1936.
Interest: January and July 30th.
Denominations: $1,000, $500, and in 1936 maturity $100s.
Taxes: 2% Federal.
Redemption: 1025.
Teugtos, Central Hanover Bank & Trust Company of New
ork.
Legal for the investment of Trust Funds in New York.

Appraised:
Nassoit & Lanning..........
Slawson & Hobbs, Inc. .......
Assessed 1930: | $890,000.
Security: Fee estate in 75-foot frontage on the east side of
West End Avenue (27 feet north of 85th Street) by 100
feet deep—area 7,500 square feet—and the 15-story apartment
 building erected thereon.
Earnings: Average net income for past three years approximately
 $70,000 per annum. Indebtedness reduced $23,500.
1929, Net available for bond interest.......... $76,150
Interest on funded debt.............. 38,150
199

ease

Millinery Center Building
(Northeast Corner Seventh Avenue and 38th Street,
New York City)
First Mortgage Leasehold 7% 1944 Sinking Fund Bonds
Original amount: $2,000,000—outstanding $1,615,000.
Dated: June 1, 1924.

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