The NYC Subway Rental Map

The New York City Subway Rental Map

One Bedroom Rents For Major New York City Subway Hubs
– Union Square 14th St (4/5/6/L/N/Q/R/W Trains) – $5,285, YoY +0.4%
– Grand Central 42nd St (4/5/6/7/S Trains) – $3,700, YoY +5.8%
– West 4th St (A/B/C/D/E/F/M Trains) – $2,850, YoY +3.1%
– Herald Square 34th St (B/D/F/M/N/Q/R/W Trains) – $3,350, YoY -8.2%
– Fulton St (A/C/J/Z/4/5 Traisn) – $3,565, YoY -0.9%
– Atlantic Ave – Barclay’s Center (2/3/4/5/B/Q Trains) – $3,400, YoY + 6.3%
– Broadway Junction (A/C/J/L/Z Trains) – $1,869, YoY -4.2%

Key facts:
– Around half of the subway stops in Manhattan experienced negative rent growth, including 34 St-Herald Sq – B/D/F/M/N/Q/R/W Trains ($3,350, YoY -8.2%), 6 Av-14 St – F/L/M Trains ($3,995, -10.2%), and Chambers Street – 1/2/3 Trains ($3,550, -10.2%).
– Apartments are getting cheaper in Northern Brooklyn. Many stops in Greenpoint, Williamsburg, Bushwick, and Bed-Stuy saw rent drop, such as Bedford Av – L train ($3,122, YoY -2.5%), Metropolitan Av – G Train ($2,875, -8.8%), and Central Av – M Train ($2,200, -4.4%).
– Looking at one-bedroom median net effective rents from February through April 2017 & 2018, we found that many stops in Northwest Queens experienced rent drop, such as Ditmars Blvd – N/W Trains ($1,950, -7.2%), Queensboro Plaza – 7/N/W Trains ($2,700, -3.1%), and 39 Av-Beebe Av – N/W Trains ($2,200, -9.2%).
– The Bronx real estate market, however, seems to be booming against the overall trend in NYC. Certain stops close to Manhattan saw over 5% rent growth, including 138 St – 4/5 Trains ($2,050, +8.5%), Jackson Av – 2/5 Trains ($1,735, +9.9%) and 149 St – Grand Concourse – 2/4/5 Trains ($1,950, +5.5%).

Source:  renthop.com

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