Rents are falling in Manhattan. But they keep climbing in this neighborhood

Apartments near the Second Avenue subway are in demand, and landlords are pricing them accordingly. The median rent in Manhattan declined to $3,245 in November, down 1.7 percent from the previous year. Rent was on the decline in almost every neighborhood in Manhattan but in Yorkville, the neighborhood through which the new subway line travels, rent climbed 3.9 percent during that time, according to data from StreetEasy. The increase “makes sense, considering how big a […]

Source: Real Estate

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