Skip Navigation
StreetEasy Logo

York Avenue Apartments and 2nd avenue subway

Started by IndieNY
almost 11 years ago
Posts: 0
Member since: Apr 2014
Discussion about
Hello all, my wife and I are looking to buy an apartment on the UES or Lenox hill area (budget around 650K) and many of the apartments under our budget fall on York avenue on 70s. All the agents have been telling us that 2nd Ave subway will greatly increase the York Avenue real estate. Can someone provide some clarity on the potential impact? Do potential buyers avoid York because its so far away from current subway? We are looking at a time horizon of 5-6 years.
Response by cc2015
almost 11 years ago
Posts: 43
Member since: Jan 2015

I don't think the current construction is scheduled to finish in 5 yrs? Sometimes real estate agents lie. Several weeks ago I went to see an apt for sale on the Upper East Side. I was concerned about near by NYSE City Housing. The real estate agent told me Columbia University had just bought 25% of the building.

Which of course was not true. The city is regulated to not sell those types of housing. Its not for sale. AND there would have been a million news articles if Columbia U was even thinking about buying anything.

I mean people literally fought for a decade over commercial and abandoned property. There was very little residential housing in the 130's area near the Manhattanville Project.

Try calling city planing. I seem to remember the scheduled completion date for the entire line to be 2015. That's what they were saying 10 yrs ago.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. USB says NYC is one of least bubbly RE markets
    17 Comments
  2. Major appliances
    33 Comments
  3. More on land leases
    35 Comments
  4. construction noise
    25 Comments
  5. New Casinos
    25 Comments