President: Giampaolo Pioli   |   Editor in Chief: Stefano Vaccara

  • Login
VNY La Voce di New York

The First Italian English Digital Daily Newspaper in the US

  • English Edition
  • Letters
  • New York
  • U.N.
  • News
  • People
  • Arts
  • Lifestyles
  • Food & Wine
  • Travel
  • Italian Edition
No Result
View All Result
VNY
  • English Edition
  • Letters
  • New York
  • U.N.
  • News
  • People
  • Arts
  • Lifestyles
  • Food & Wine
  • Travel
  • Italian Edition
No Result
View All Result
VNY La Voce di New York
No Result
View All Result
in
Lifestyles
May 16, 2022
in
Lifestyles
May 16, 2022
0

Rents Near NYC Subway Stops Skyrocket

438 stops, that's more than 90%, saw an increase in median one-bedroom rent

Riccardo RavasinibyRiccardo Ravasini
Diminuiti del 90% i casi Covid negli Stati Uniti: è il declino di Omicron

Grand Central Station, New York (Photo: Terry W. Sanders)

Time: 1 min read

New York City subway ridership has not completely bounced back to where it was before the pandemic, but rents near subway stations have skyrocketed.

It’s an indication that New Yorkers still rely heavily on the subway system, according to a new report from RentHop that looked at one-bedroom median net effective rents near major subway stops year-over year for the period of January 1st through March 31st. The report found that 438 stops saw an increase in median one-bedroom rent. That’s over 90 percent of MTA stops in NYC.

Still, while rents have rebounded, but ridership has not, at least not all the way back. During the pandemic, over 90 percent of NYC’s subway riders disappeared. Now trains are fuller and subway ridership hit the highest single-day total on March 12th since the pandemic. According to the MTA tracker, day-to-day weekday ridership has risen to nearly 60 percent of pre-pandemic levels, and over 65 percent on weekends.

Significantly, rising rents are not just a Manhattan phenomenon—they are increasing all over the city: New development plays a role in the outer boroughs, driving up the asking rent around at major subway stops in Brooklyn, Queens, and the Bronx.

Here are the steepest rent hikes in Manhattan:

72 St (1-2-3) – $3,495, +34.4 percent

103 St (1) – $3,350, +34.3 percent

Grand Central – 42 St (S) – $4,141, +33.9 percent

96th St (A-B-C) – $3,700, +33.9 percent

High St (A-C) – $3,750, +33.9 percent

Here is the link to the interactive renthop map:

https://www.renthop.com/studies/nyc/nyc-mta-subway-rent-map

(source: brickunderground.com)

 

 

Share on FacebookShare on Twitter
Riccardo Ravasini

Riccardo Ravasini

Riccardo Ravasini è cresciuto in Italia, dove si è laureato in economia all’Università Bocconi di Milano. Dopo il trasferimento a New York, si è subito fatto affascinare dal settore immobiliare. La passione per il Real Estate unita all’esperienza e alla professionalità acquisita negli anni ha fatto sì che Riccardo sia diventato un punto di riferimento per i suoi clienti sia italiani che americani. Affiliato al network Compass Riccardo oltre che a New York è attivo anche nel mercato immobiliare di Miami. Riccardo Ravasini is a residential real estate agent based in New York City. Since 2008 he has led and managed an array of transactions and consulted a diversity of clients – from young professionals and families to individual investors, estates, corporations and more. In 2013, Riccardo became an active realtor in South Florida; his team offers investment properties in the Miami and Ft. Lauderdale markets to clients from all over the U.S. and the world. Riccardo is a graduate of Bocconi University.

DELLO STESSO AUTORE

Office Occupancy in New York Finally Hits 40%

Office Occupancy in New York Finally Hits 40%

byRiccardo Ravasini

A New York gli uffici tornano a riempirsi, tasso d’occupazione al 40%

byRiccardo Ravasini

A PROPOSITO DI...

Tags: Manhattan real estateMTA TransportationNew York Real EstateNYC SubwayRental market
Previous Post

Tragedia a Brooklyn: bambina di 9 anni trovata morta

Next Post

Estate: per vacanze spesa media 1.080 euro e si va più lontano

Discussion about this post

DELLO STESSO AUTORE

L’aumento dell’offerta calma il mercato delle vendite di NYC

byRiccardo Ravasini

Increase in Listings Calms Frenzied NYC Sales Market

byRiccardo Ravasini

Latest News

Uccide moglie 38enne con una coltellata e scappa, ricercato

Journalist and Ex-mayor in Province of Lodi Found With His Throat Cut

byLa Voce di New York
Mondiali nuoto: impresa Paltrinieri, oro nella 10 km

Mondiali nuoto: impresa Paltrinieri, oro nella 10 km

byAnsa

New York

Colpevole! Ghislaine Maxwell condannata per cinque capi di imputazione su sei

Ghislaine Maxwell condannata a 20 anni per sfruttamento sessuale

byLa Voce di New York
Per Junot Díaz NY è una città in fiamme sospesa tra il cielo nero e il fiume

Per Junot Díaz NY è una città in fiamme sospesa tra il cielo nero e il fiume

byMichele Crescenzo

Italiany

Con il falso Made in Italy gli Usa vogliono invadere il mercato europeo

Con il falso Made in Italy gli Usa vogliono invadere il mercato europeo

byLa Voce di New York
Lo staff di In Scena!

In Scena! Sipario sul festival del teatro italiano a New York che reagisce alla pandemia

byManuela Caracciolo
Next Post
Estate: per vacanze spesa media 1.080 euro e si va più lontano

Estate: per vacanze spesa media 1.080 euro e si va più lontano

La Voce di New York

President: Giampaolo Pioli   |   Editor in Chief: Stefano Vaccara

  • New York
    • Eventi
  • Onu
  • News
    • Primo Piano
    • Politica
    • Voto Estero
    • Economia
    • First Amendment
  • People
    • Expat
  • Arts
    • Arte e Design
    • Spettacolo
    • Musica
    • Libri
    • Lingua Italiana
  • Lifestyles
    • Fashion
    • Scienza e Salute
    • Sport
    • Religioni
  • Food & Wine
  • Travel
    • Italia
  • Mediterraneo
  • English
  • Search/Archive
  • About us
    • Editorial Staff
    • President
    • Administration
    • Advertising

VNY Media La Voce di New York © 2016 - 2022
Main Office: 230 Park Avenue, 21floor, New York, NY 10169 | Editorial Office/Redazione: UN Secretariat Building, International Press Corps S-301, New York, NY 10017

No Result
View All Result
  • Home
  • New York
  • Onu
  • News
    • Primo Piano
    • Politica
    • Economia
    • First Amendment
  • Arts
    • Arte e Design
    • Spettacolo
    • Musica
    • Libri
  • Lingua Italiana
  • Lifestyles
    • Fashion
    • Scienza e Salute
    • Sport
    • Religioni
  • Food & Wine
    • Cucina Italiana
  • Travel
    • Italia
  • English

© 2016/2022 VNY Media La Voce di New York

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In