Average rent for apartments near certain subway stations throughout the city have been seeing huge spikes lately.
Average rents increased more near a pair of Harlem subway stops than at any other stations in the city last year, according to
The largest rent increases in the city were recorded in the vicinity of the 155th Street station on the B and D lines in Harlem’s Sugar Hill section, on the site of NYCHA’s Polo Grounds Towers. Average rents in that area have surged 19.3% since last year, according to RentHop’s analysis of one-bedroom apartments listed on the platform between Feb. 1 and April 30 of this year.
Close behind is the nearby 155th Street station on the A and C lines, where rents rose 18%. Median rent for a one-bedroom apartment is sitting at $2,600 in the vicinity of both stops. Rents also spiked by more than 17% at Briarwood station on the E and F in Queens, Marble Hill-225th Street on the 1 in Manhattan, and Avenue P on the F in Midwood, Brooklyn.Longwood and Fordham in the BronxMidwood, Broadway Junction, East New York, South Williamsburg, Canarsie, Bensonhurst, and Sunset Park in Brooklyn
Median rents citywide for a one-bedroom are sitting at $4,400, RentHop concludes, a 3.5% increase over last year. Rents are higher around 84% of subway stops, though that increase is less than the one seen from the year before, when 94% of stops saw a bump.
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