~1933 LINCOLN FORTY-SECOND STREET NYC (1 GRAND CENTRAL PLAZA) BOND, COUPONS P436 For Sale
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~1933 LINCOLN FORTY-SECOND STREET NYC (1 GRAND CENTRAL PLAZA) BOND, COUPONS P436:
$150.00
~1933 LINCOLN FORTY-SECOND STREET NYC (1 GRAND CENTRAL PLAZA) BOND, COUPONS P436From an internet search:
The Lincoln Forty-second Street Corporation was the original corporate entity formed to construct and own the Lincoln Building, a prominent 53-story Neo-Gothic skyscraper located at 60 East 42nd Street in Midtown Manhattan, New York City (opposite Grand Central Terminal).
Key Historical Details:
- The Skyscraper: Designed by architect James Edwin Ruthven Carpenter Jr. (with Kenneth Norton) and completed in 1930, the 673-foot tower was built to house offices, the Lincoln Storage Company, and the Lincoln National Bank.
- Financial Distress & Foreclosure: During the Great Depression, the corporation suffered financial difficulties and defaulted on its first-mortgage 5½% sinking fund bonds. In 1932–1933, the property entered receivership and foreclosure proceedings led by the Chase National Bank as trustee.
- Reorganization: The property was sold at sale, and the company was subsequently reorganized in 1933 as the Lincoln Building Corporation.
- Later Names: The landmark tower was later renamed One Grand Central Place in 2009 and is currently owned and managed by the Empire State Realty Trust.
Measures ~17" x 14 3/4" when open.
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~1933 LINCOLN FORTY-SECOND STREET NYC (1 GRAND CENTRAL PLAZA) BOND, COUPONS P436
$150.00
