Second Ave. Condo Prices Soar in Anticipation of Coming Subway, Study Says

July 24, 2024 | admin

(DNAINFO) Shaye Weaver | November 13, 2015 — Prices for apartments along Second Avenue are rising as the new subway nears completion, real estate analysts say.

The average price for an apartment within a one-block radius of the upcoming Second Avenue subway — which is expected to make stops at 96th, 86th and 72nd streets — is 34 percent higher than the rest of the units east of Third Avenue on the Upper East Side, according to a recent report by CityRealty, which used area sale data dating back to 2005.

The report looked at sales of 362 co-op condo buildings east of Third Avenue, north of East 59th Street and south of East 96th Street, and found the average price of homes there to be roughly $941,000. While condo units directly surrounding the stops are going for an average of about $1.3 million, the report shows.

Source: Second Ave. Condo Prices Soar in Anticipation of Coming Subway, Study Says – Yorkville – DNAinfo.com New York

Related Articles

Economic

Let’s Take Back Billions in 2025 to Advance the Wellbeing of All New Yorkers

Read More
Economic

Food insecurity driven by inflation has people with higher incomes turning to food banks

Read More
Economic

Ten richest men double their fortunes in pandemic while incomes of 99 percent of humanity fall

Read More