This is the 14904th most frequent Russian word.
подвал
Basement.
In this sentence, 'подвал' is used in its primary meaning to denote the underground floor of a building.
Подвал нашего дома просторный и сухой.
The basement of our house is spacious and dry.
Here, 'подвал' is utilized to show that it's a storage space, often used for keeping items like old things.
Я хранил старые вещи в подвале.
I kept old items in the basement.
In this context, 'подвал' refers to the basement als a locational detail for an event.