2nd Ave Subway

http://www.mta.info/capconstr/sas/index.html

If you're willing to hold for 15 years or so, then sure. Don't expect this project to be completed and functioning anytime soon, though.

Well, phase I is supposed to be completed by 2013. But I am not holding my breath either Bramstar. We plan to buy and stay in at least 10 years. So my interest in the 2nd Ave Subway is purely economic-- I am looking to see what a resale of a Yorkville apt would be. Clearly there would be a spike in real estate values for properties surrounding this brand new, state of the art subway line.

Don't bet on phase I finishing anywhere close to on time, It is already pushed back to 2015 and that is before the realities of the deficits and the economy catch up with this government work. The story of the second avenue subway line is an epic that will continue for some time.

the most significant thing to consider with this project is whether your unit will be anywhere near a subway entrance. the noise and construction of the station will likely be horrible for a long time. if it simply runs under your area, it should be too big a deal since the tunnel is so far down you won't hear any noise or see equipment. you'll just feel a litle rumble maybe.

Phase I is scheduled to open in the 1930s. And the 1950s. And the 1970s. And

I'd say at this point you have a slightly better chance of drilling a successful oil well on the UES than you do of having a Second Avenue subway anytime in the next 20 years.

There is some work being done on it, though that's not a predictor of how far behind schedule the project will end up being. Still, at least it's started.
http://www.thelaunchbox.blogspot.com/

Yes, work started on it in the 1970s. Fortunately, there's no economic downturn this time to "derail" it.

I wonder if it will wind up beating the construction-time performance of the Cathedral of Saint John the Divine, which began in 1892 and is ongoing (in fits) . . . ?

as someone who works in yorkville, I can see the progress they make every day, and it is amazing. They have hundreds of people working form early in the mornings into the evenings.

Now is the time to buy, when everyone else still has a "ill believe it when I see it" attitude.

I think the neighborhood is a nice charming residential neighborhood now, and one of few places where there are babies, old people, and everyone in between. You also don't have thousands of people coming through the neighborhood every day; people on the streets either work or live here and treat it as such.

I'll believe it when I see it.

I'll see it when I believe it.

As someone who lived on the UES in the early 70's, I remember the mess Second Ave was. And the utter "shock" when they just STOPPED.

No guarantees in life, but it certainly looks like it's really coming this time (yes, I know the history, dating back to the 1920's).

It's pretty clear that a Second Ave subway will have a positive, if difficult to quantify, effect on East Side apartment values - both because of proximity and the new / clean / modern factor. And I think as we get closer to 2013 (or 2014, or 2015) - just the fact that it's "almost here" will serve to positively impact prices.

What about the future phases? If phase 1 will take until 2015, when will they be running all the way down to Water St? Seems like there's too many uncertainties still.

right and the new wtc is supposed to be done 2011. wait is it 2012. no, 2013. 2014?