Updated about 9 years ago on . Most recent reply

L train and Brooklyn
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?
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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.