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Updated over 8 years ago on . Most recent reply

User Stats

49
Posts
24
Votes
Adolph Bellamy
  • Investor
  • New York City, NY
24
Votes |
49
Posts

L train and Brooklyn

Adolph Bellamy
  • Investor
  • New York City, NY
Posted
Ladies and Gentlemen I have a somewhat general question. There is recent news stating that starting 2019 the L Train in New Yorks Subway will be undergoing maintenance for 18 months between the Bedford and 8th Ave stops. My assumption is that houses that run along that line maybe somewhat depressed in value due to the difficulty one would face in using public transportation to get anywhere. My question is: is that assumption correct?
  • Adolph Bellamy
  • Most Popular Reply

    User Stats

    65
    Posts
    9
    Votes
    Drew Oberholtzer
    • Investor
    • Los Angeles, CA
    9
    Votes |
    65
    Posts
    Drew Oberholtzer
    • Investor
    • Los Angeles, CA
    Replied

    I took the L for 10 years and watched Greenpoint/Williamsburg change from Polish/Italian/Latino to hipster/artist to Wall Streeters boarding the train with a suit and tie.  The only direction rents are going is up.  The L train is irrelevant when one can take a car service, shuttle, or ferry with little trouble.

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