Chip's believed in high prices and modest rent.
But modest rent is a critical part of the economic equation for a dealer who needs 3,000 or 4,000 square feet of display space.
Tenants who had previously been leasing the spaces at modest rents were not too thrilled with the sales.
The state also agreed to modest rent and to shoulder the $100 million in debt remaining on the existing stadium.
His goal was to build a "most modern and central accommodation" for small merchants at modest rent.
The house was leased to the Trust to provide accommodation and studios for artists at a modest rent.
The building has good leases running for 7 to 12 years at modest rents.
Those living in state housing receive only 20 percent of their pension, or, as here, pay a modest rent.
While the initial attraction of the South Bronx often is modest rents, many have found other advantages.
The neighborhood's relatively modest rents and large spaces are attractions for restaurant owners.