in 1926. Building has 345,600 square feet rentable area. 
The lease runs for 21 years from 1924, with right of two 
21-yr. renewals. Present ground rental during first term is 
$115,000 per annum. 
Earnings: 
Net available for interest depreci- 
ation Fed. taxes..........c.ou.... 
Ist Mtg. 7% bonds outstanding, in- 
terest . 
1929 1928 
$418,537 
.. 113,050 120,108 
Times earned ....... .... ........ 3.70 -3.39 
Amount of bonds outstanding Dec. 
31st .. ..$1,615,000 $1,715,833 
Price Range: Jan.-May, 1930-—100-97. 
Park-Murray Office Building 
(New York City) 
First Mortgage Serial Gold 6%% 
Amount: $2,100,000; outstanding, $2,060,000. 
Dated: August 15, 1926. 
Maturity: Feb. 15, 1930-Aug. 15, 1941, 
Interest: February and August 15th. 
Denoniinations: $1,000, $500 and $100. 
Taxes: 2% Federal—Pa., Conn., Md, D. of C, Va., Mass. 
Redemption: 102, 
Trustee: Guaranty Trust Co. of New York. 
Appraised: 
Thoens & Flaunlacher......... $3,202,332 
J. Romaine Brown Co............ 3,250,000 
Assessed 1930 ...... ..  .. ceiiiiiveeees.e. 2,375,000 
Security: Fee estate in land fronting 86 ft. 634 in. on Nos. 9 to 
15 Park Place, and 75 ft. 2% in. on Nos. 8 to 12 Murray 
Street (depth 151 ft. 8 in.) and the 18-story office building 
erected thereon. 
Earnings: 
Year 
1928 ....... 
1929 ....... 
Net available 
for interest 
$157,966.38 
295.126.71 
Interest Times 
Charges Earned 
$136,500 1.15 eens 
136.500 1.65 $36,666.63 
Amount 
Amortized 
?