The study showed Streat Easy, the price of the rent in Williamsburg has fallen sharply — in the first place, due to the impending closure of the line L.
The cost of rent down to the level of 2015, and 48% of the apartments, getting through the portal, now cheaper than two years ago: on average, the price dropped to $250.
Due to the inevitable 15-month closure of the line L, the local residents continue to leave the area, and the landlords that rent apartments to rent close to the stations forced to lower prices to stay afloat, explains the report. Now about 27% of landlords offer a discount on the monthly rent, and 18% are ready to go even further by tenants at least one month’s free rent.
Which buildings reduced rents. Photo: StreetEasy
By the way, the most economical for customers StreetEasy was the lease on 44 Berry Street, where the price fell by $448 per month. Where less fortunate 395 Leonard Street — $170 per month.
The rent in North Brooklyn continues to not call available, with an average price of $3,000 per month. However, according to experts, in the near future it is likely to continue to fall — good news for someone who is willing to suffer 15 months of agonizing trips to Manhattan, for a more favorable lease.
Dmitry Stasyuk
Real Estate Broker Associate at Evans Real Estate
Rent prices in Williamsburg now are really attractive. The closure of the metro line L will only happen in 8 months and get good prices you can now. In a year when you need to extend the lease, metro will still be closed and prices will be the same low. This way you can get a good rent minimum for 2 years. If repairs, metro will delay, it is quite possible to expect, knowing how the MTA works, you may be lucky and the price of rent in the third year. In General, those who are looking for housing, I would recommend to look at this area.
However, leave not only the residents of Williamsburg. Over the past three years total number of vacant apartments in new York city has grown substantially. As the statistics Bureau study of housing vacancies (Census Bureau Housing and Vacancy), their number increased by 35%.
