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About: J.B. Greenhut & Company     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatDefunctCompaniesBasedInNewYorkCity, within Data Space : dbpedia.org associated with source document(s)

Type: companyyago:Abstraction100002137yago:Company108058098yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityyago:SocialGroup107950920yago:WikicatDefunctCompaniesBasedInNewYorkCity New Facet based on Instances of this Class

J.B. Greenhut & Company was a Manhattan business which operated two department stores. It became bankrupt in 1915. The firm maintainedproperty located at 6th Avenue and 17th Street, prior to its failure. The company faced depreciation of its property in the lower 6th Avenue section and a mortgage debt of $3,200,000. One of the primary reasons for the insolvency of J.B. Greenhut & Company was its operation of a private financial institution, the Greenhut bank, which experienced a crippling bank run.