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The Pershing Square building was completed in 1931. Herman Schiff & Sons spent a million dollars during the Depression to build this 12-story skyscraper. It is designed with Art Deco detailing on the top level, and it is today known as the "K" (Kaufman) Building after a later landlord, the owner of Kaufman Studios in Queens. Paul Terry established Terrytoons here in 1934. His ingenious animators created characters such as Mighty Mouse, Heckle & Jeckle, and Tom & Jerry, in the building until 1949.

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