The impending L train apocalypse has rents in Williamsburg plunging - Creak News

real time news...

The impending L train apocalypse has rents in Williamsburg plunging

Share This

williamsburg apartment building constructionSpencer Platt/Getty

  • Rents in Williamsburg continue to drop as residents move out ahead of the L train shutdown, according to StreetEasy. 
  • The portion of the subway line that connects Brooklyn to Manhattan will be closed for 15 months beginning in April 2019 to repair damage caused by Hurricane Sandy. 
  • Landlords are offering more discounts to people who will soon renew their leases. 

New Yorkers looking for a bargain on rent and willing to endure a longer commute may be able to find a sweet spot in Williamsburg.

It's one of the city's trendiest neighborhoods, but residents are fleeing before a portion of the L train is shut down for 15 months beginning in April 2019, according to the real estate-listings site StreetEasy.

See the rest of the story at Business Insider

NOW WATCH: Cigna's CEO says that the problem with healthcare in America has nothing to do with employers

See Also:



from Business Insider https://ift.tt/2Mg6JpQ

No comments:

Post a Comment

Pages