Average rents increased more near a pair of Harlem subway stops than at any other stations in the city last year, according to an analysis by apartment listing site RentHop.
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.
Neighborhoods that saw significant increases across multiple stations include:
- The Lower East Side and Hamilton Heights in Manhattan
- Longwood and Fordham in the Bronx
- Flushing, Forest Hills, Kew Gardens, and Briarwood in Queens
- Midwood, 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. The city’s highest rents were recorded around the Franklin Street stop on the 1 in Tribeca, where a one-bedroom goes for $5,760; Franklin Street took the top prize last year as well.
Meanwhile, some train corridors saw concentrated decreases in average rents, particularly along the 6 line in the Bronx and the G line in Brooklyn.
