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Yellow taxi medallions sold for more than $1 million in 12, but their value has fallen to less than $250,000 since Uber and Lyft began to dominate the city's ridehailing marketYellow Cab Taxicabs are the only vehicles that have the right to pick up streethailing and prearranged passengers anywhere in New York City By law, there are 13,587 taxis in New York City and each taxi must have a medallion affixed to it Medallions are auctioned by the City and are transferrable on the open market by licensed brokersYellow Taxi Cab NYC provides safe and reliable taxi service Our taxi drivers specialize in NY airports, NJ, CT, including JFK, LGA and Newark Clients depend on us because were on time to get them to where they need to go
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