New York City's iconic cabs represent big business
Taxi business is proving to be a lucrative one in the Big Apple
Taxis cabs in New York City.Michael Falco
Andrew Murstein's vintage cab on the street in New York City.Michael Falco/The Globe and Mail
Andrew Murstein's vintage cab on the street in New York City.Michael Falco/The Globe and Mail
Andrew Murstein, president of Medallion Financial Corp., and his vintage cab on the street in New York City.Michael Falco/The Globe and Mail
When Andrew Murstein's grandfather was in the business, taxi medallions sold for $10 apiece. Today they cost more than $1-million.Michael Falco/The Globe and Mail
Andrew Murstein's grandfather was an immigrant from Eastern Europe who bought a New York taxi medallion when the system began in 1937.Michael Falco/The Globe and Mail