Bisnow | March 31, 2016
There’s no shortage of doomsday talk about the coming service disruptions to the L train. But might this situation have any winners? We spoke with an assortment of brokers in the area to get their take.
GFI’s Sasha Berg says renters along the L who are willing to walk a little further or who don’t rely on the train will be winners. He sees a 12% to 15% drop in rents, and points out that the average one-bedroom in Williamsburg goes for $3,100, so some relief on rent wouldn’t be such a bad thing for keeping the area attractive to young professionals.
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