Manhattan Neighborhood Near Newest Subway Defies Rent Declines


Apartment rents are on the decline in almost every Manhattan neighborhood. But in Yorkville, the Upper East Side enclave with a brand-new subway line, landlords are demanding more.

Asking rents in Yorkville climbed 3.9 percent in November from a year earlier, to a median of $2,800, according to a study by property listings website StreetEasy. The neighborhood, from 79th to 97th streets, east of Third Avenue, was among just six of the 38 areas measured that had an increase. Only the Financial District saw asking rents climb more…
Categories : Real Estate

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