2 North 6th Place

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Features, real estate trends, Transportation

Williamsburg, where the L train shutdown will soon take effect, via Wiki Commons

In a city with fewer car owners than nearly any other location in North America, it should come as no surprise that subway access is a key factor for most New Yorkers when they go on the housing market. In fact, many New Yorkers won’t even consider renting or buying if the address is more than a 10-minute walk from the nearest subway. This explains why some neighborhoods, including Greenpoint, which has a subway but not one that leads to Manhattan, and Alphabet City, which doesn’t have a subway at all, have long reported lower real estate values and rental prices that their nearest neighbors. However, there are growing signs that subway access may no longer matter as much as it once did.

While subway access remains important, it is increasingly no longer a deal breaker for developers or prospective tenants. In today’s real estate market, a growing number of developers are pouring money into developments located off the subway line, and many tenants don’t seem to mind. This may also explain why not all developers with projects located along the L line are worried about the pending shutdown, which is now slated to begin in April 2019.

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Brooklyn, CityRealty, Manhattan, Queens, Rentals

FREE RENT: This week’s roundup of NYC rental news

By Ondel Hylton, Sat, October 7, 2017

Images (L to R): FRONTIER, TOWER 28, LEVEL and 95 WALL

  • The Refinery, Newly Constructed Clinton Hill Rental Leasing from $2,150/Month [link]
  • A New Frontier: Leasing Begins at 210 East 39th Street with Two Months of Free Rent [link]
  • New Rentals Launch with 1 Month Free at Historic Offerman House in Downtown Brooklyn [link]
  • Tallest Residential Building in Queens Marks Grand Opening with 1 Month Free [link]
  • Hell’s Kitchen Rental Has a Full Workout Facility & Half Basketball Court [link]
  • At LEVEL, It’s About Balance; Brand New Waterfront Rentals Now Leasing in Williamsburg [link]
  • Rosario Candela-Designed Rental at 915 West End Avenue Debuts New Look, Offers Free Rent [link]
  • $250 Security Deposits with Approved Credit at 95 Wall Street in the Financial District [link]
  • A Look Inside 21 West End; Luxe Interiors, Cutting-Edge Amenities [link]
  • At 21 Chelsea, Sophisticated and Stylish Apartments Are Now Leasing with $500 Deposits [link]
  • A Reinvented Factory in Brooklyn: Authentic Lofts at 44 Berry Street in Williamsburg [link]
  • Leasing Special for Luxury Rentals in 42-Story Long Island City Tower; Studios from $2,600/Month [link]
  • No-Fee Rentals with $1,000 Deposits at 95 Horatio Street in the West Village [link]
  • Luxurious Upper West Side Rentals at Sessanta, and Stylish Amenities Too [link]
  • If Location is Everything, Look No Further Than Two Lincoln Square’s Luxury Rentals [link]

SEE MORE RENTAL NEWS AND OFFERS HERE >>

Brooklyn, CityRealty, Manhattan, New Jersey, Queens, Rentals

FREE RENT: This week’s roundup of NYC rental news

By Emrys Fitzgerald, Sat, June 24, 2017

Images (L to R): Hub, The Forge, The Corner and The Lane

  • A Look Inside Harlem 125 as the New Rental Debuts on Harlem’s Main Street [link]
  • Leasing Special on West 72nd Street: Apartments Above Trader Joe’s Listed with 1 Month Free [link]
  • Newly Launched Jersey City Rental Partners with Airbnb, Achieves Record Price Per Square Foot [link]
  • Live in Brooklyn’s Tallest Building: New ‘Hub’ Rental Tower Leasing with 1 Month Free[link]
  • Leasing Launches at Long Island City’s The Forge; Luxury Rentals from $2,485/Month [link]
  • Williamsburg Mega-Rental, “LEVEL” Launches Leasing for July 1 Move-ins [link]
  • Kips Bay Rental Tower Relaunches as The Lanthian; Renovated Apartments from $3,438/Month [link]
  • Pair of Rental Buildings Debut on Greene Avenue in Bedford-Stuyvesant [link]
  • Teaser Site Launches for 21-Story Rental Tower Coming to Downtown Brooklyn[link]
  • Leases with 1 Month Free at West 52nd Street Rental Tower, The Ellington [link]

SEE MORE RENTAL NEWS AND OFFERS HERE >>

Apartment Deals, CityRealty

FREE RENT: This week’s roundup of NYC rental news

By Emrys Fitzgerald, Sat, June 17, 2017

Images (L to R): Harlem 125, 7 West 21st Street, Caesura and LEVEL

  • Pricing Revealed for Paris Forino-Designed Williamsburg Rental [link]
  • Fort Greene Rental Reveals New Renderings & Launches Affordable Housing Lottery [link]
  • Leases at Morris Adjmi-Designed 7W21 Offer 2 Months of Free Rent [link]
  • Summer Special in Sutton Place; Oriana Offers 14-Month Leases with 2 Months Free [link]
  • New Bed-Stuy Rental Launches Leasing and Offers Modern Apartments from $1,930/Month [link]
  • New Harlem Rentals Debut on 125th Street; Apartments from $1,994/Month [link]
  • Williamsburg Mega-Rental, “LEVEL” Launches Leasing for July 1 Move-ins [link]
  • Leases Come with 1 Month Free at West 52nd Street Rental Tower, The Ellington [link]
  • New Industrial Bushwick Rental Offering One Month Free Rent; Prices From $2,850/Month [link]
  • You Can Now Live in Brooklyn’s First Public High School; No-Fee Rentals with 1 Month Free [link]
  • Renovation with Respect: The New 123 Kent Avenue Launches Leasing with 2-bedrooms for $3,325/Month [link]
  • 1-Bedrooms Available at Chelsea Centro with $1,000 Security Deposits [link]
  • Classic New York Rentals at Columbus Circle Offer 1 Month Free on Select Listings; Apartments from $2,850/Month [link]
  • Grand Opening Leasing Special at New 50-Unit Williamsburg Rental Near McCarren Park [link]

SEE MORE RENTAL NEWS AND OFFERS HERE >>

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