Greenmal Holding Corporation
Encyclopedia
Greenmal Holding Corporation was a financial and real estate business started by Henry Greenberg and David Malzmal in New York City
, in the 1920s
. The firm is significant because it was a company which dealt in large amounts of capital, and was based in the financial hub of the United States
.
. The cost of construction was estimated at $12,000,000, with the edifice resting upon a fifty-one caisson
foundation. Designed by Buchman & Kahn, the
building was planned to occupy a plot measuring 23000 square feet (2,136.8 m²). The site was at the South Street (Manhattan)
block front, between Wall Street and Pine Street. Greenberg and Malzmal purchased the property in
1928 from the American Sugar Company.
Space in the building was leased to the Foreign Commerce Corporation, the American Sugar Refining Company, the J.G. White Management Corporation, Case, Pomeroy & Company, Anderson & Fox, the Mortgage Bond Company of New York, the Luckenbach Steamship Company, and Coverdale & Colpitts. Floor areas ranged from 4,300 to more than 20,000 square feet.
Greenberg and Malzmal purchased a four-story office building valued at $125,000 in April 1929. It was in the vicinity of Wall Street.
New York Life Insurance Company
bid $1,000,000 to foreclose a $5,569,605 lien against the skyscraper at a June 26, 1933 auction. The insurance firm previously initiated a $5,000,000 suit to foreclose a consolidated mortgage on the property, on November 23, 1932. A first mortgage of $4,050,000 was given in 1929. Liens of $200,000 and $750,000 were made subsequently. The
lawsuit was based on nonpayment of $150,000 in interest, on May 1, 1932. Of the amount owed only $46,040 was paid by Greenberg and
Malzmal.
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, in the 1920s
1920s
File:1920s decade montage.png|From left, clockwise: Third Tipperary Brigade Flying Column No. 2 under Sean Hogan during the Irish Civil War; Prohibition agents destroying barrels of alcohol in accordance to the 18th amendment, which made alcoholic beverages illegal throughout the entire decade; In...
. The firm is significant because it was a company which dealt in large amounts of capital, and was based in the financial hub of the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
.
Wall Street skyscraper
In February 1929 Greenmal Holding Corporation announced the acquisition of a $4,050,000 loan to be used to erect a thirty-three story office building, located at 114 - 120 Wall Street120 Wall Street
120 Wall Street is a skyscraper in Wall Street, New York City, United States which was completed in 1930. The building is 399 ft tall, has 34 floors, and is located along Wall Street, Pine Street and South Street.-History:...
. The cost of construction was estimated at $12,000,000, with the edifice resting upon a fifty-one caisson
Deep foundation
A deep foundation is a type of foundation distinguished from shallow foundations by the depth they are embedded into the ground. There are many reasons a geotechnical engineer would recommend a deep foundation over a shallow foundation, but some of the common reasons are very large design loads, a...
foundation. Designed by Buchman & Kahn, the
building was planned to occupy a plot measuring 23000 square feet (2,136.8 m²). The site was at the South Street (Manhattan)
South Street (Manhattan)
South Street is a street in Lower Manhattan, New York City, located immediately adjacent to the East River.It runs from Whitehall Street near the southern tip of Manhattan to Jackson Street near the Williamsburg Bridge. The Franklin D...
block front, between Wall Street and Pine Street. Greenberg and Malzmal purchased the property in
1928 from the American Sugar Company.
Space in the building was leased to the Foreign Commerce Corporation, the American Sugar Refining Company, the J.G. White Management Corporation, Case, Pomeroy & Company, Anderson & Fox, the Mortgage Bond Company of New York, the Luckenbach Steamship Company, and Coverdale & Colpitts. Floor areas ranged from 4,300 to more than 20,000 square feet.
Greenberg and Malzmal purchased a four-story office building valued at $125,000 in April 1929. It was in the vicinity of Wall Street.
New York Life Insurance Company
New York Life Insurance Company
The New York Life Insurance Company is one of the largest mutual life-insurance companies in the United States, and one of the largest life insurers in the world, with about $287 billion in total assets under management, and more than $15 billion in surplus and AVR...
bid $1,000,000 to foreclose a $5,569,605 lien against the skyscraper at a June 26, 1933 auction. The insurance firm previously initiated a $5,000,000 suit to foreclose a consolidated mortgage on the property, on November 23, 1932. A first mortgage of $4,050,000 was given in 1929. Liens of $200,000 and $750,000 were made subsequently. The
lawsuit was based on nonpayment of $150,000 in interest, on May 1, 1932. Of the amount owed only $46,040 was paid by Greenberg and
Malzmal.