Vice President of an industrial savings bank talks about an increase in rent after remodeling of property in New York City.
New York City USA Date:1935 Duration:1 min 36 sec Sound:Yes
Profitable remodeling of business property in New York City, New York. The Vice President of an industrial savings bank seated at his table speaks about remodeling business property. He says that the industrial savings bank owned a six-story store and an office building. The six-story building. People moving about outside the building. A large store and a small store on the ground floor. The original picture layout of the ground floor with one large store and one small store, earning a rental of $5,800. The Vice President says that the large store was decided to be remodeled into four smaller stores and rented out. A new picture layout of the ground floor with four small stores in place of the large store, which will earn a rental of $11,500. The Vice President of the bank says that the remodeling cost is expected to be met in about three years and the bank would now have five stores instead of two stores.
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