Lindeman & Sons' New York warerooms removed to 146 Fifth Avenue, and 409 Eighth street, but the firm encountered financial difficulties and lost their Bradstreet rating in 1888. They attempted to raise cash by incorporating and issuing $150,000 public stock but by early 1890 their assets were as low as $15,000 with approximately $100,000 in liabilities. Lindeman & Sons was sold at auction in January, as was the property of Adam Brautigam, a well-known piano dealer of the same city, who had supported the company with up to $50,000 of his own money.