165 Broadway Building
(New York City)
First "Mortgage Fee 5%% Sinking Fund 1951 Gold Loan
Amount: $9,500,000; retired, $207,000; outstanding 2-1-29, $9,-
293,000.
Dated: August 1, 1926.
Maturity: August 1, 1951.
Interest: February and August 1st.
Denominations: $1,000 and $500. .
Taxes: 2% Federal—Penn., Conn., Calif, Kas, Maryland, Dist.
of Columbia, Ky., Mich., Iowa, Mass. .
Redemption: 103 to 1931; then 102 to 1941: then par. As a
whole, at 101.
Trustee: New York Trust Co.
Legal for Trust Funds in New York.
Appraised:
Land, Geo. R. Read & Co..........
Building, McKim, Mead & White............
$5,500,000
10,580,007
$16.080.007
Assessed 1930: $10,400,000.
Security: Fee estate in 26,800 square feet of land fronting on
Broadway, Cortland, and Church Streets, in the heart of
the downtown financial district, and the 32-story office
building thereon, with 470,000 sq. feet of net rentable area
and also a plot adjoining at No. 9 Church Street, containing
3,440 sq. feet and improved with a five-story office ‘building.
Equity: These bonds are followed by $1,792,000 General 7%
Bonds due in 1941. ]
Earnings: Available for bond interest before Federal taxes:
1926 . $1,075,948
1927 1,075,002
1928 1,019,124
1992G gR7.624 *
* Apparent decline in 1929 due to alterations
for Chemical Bank and Trust Company.
in new quarters
Price Range: January-May, 1930—93-881%,
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