Apartment rentals New York with Second Avenue Subway

Chic Becomes Affordable on the Upper East Side

Classy, chic and comfortable—these are the words that are often used when describing the Upper East Side neighborhood of New York City. And now, here’s another adjective to throw into the mix: cool. At first, this may be a little hard to comprehend; after all, this Manhattan neighborhood has long had a reputation of being rather pricey, thereby keeping hip (but cheap) New Yorkers at bay. With its beautiful pre-war buildings that are located blocks away from Central Park, apartments on the Upper East Side have always been in high demand and, therefore, have been mostly out of reach for the “cool crowd.” But, of late, the homes here have suddenly become affordable, and the reason for that is, interestingly enough, coming from underground—the Second Avenue Subway construction.

Subway Construction Along Second Avenue Lowers Rents on the Upper East Side

The constuction on the Second Avenue Subway is lowering nearby rentsFor those looking to find a starter apartment in Manhattan, look no further than the Upper East Side. That’s right, the Upper East Side. The neighborhood with a long held reputation for having the single greatest concentration of wealth in the world is now home to some of the best rental deals in Manhattan. There is a catch though. Rental apartments on the Upper East Side are affordable for a reason: They all reside above the subway construction sites along Second Avenue. If you don’t mind living above a construction site, these low rents represent a great opportunity to live in one of Manhattan’s best residential neighborhoods. And since the Second Avenue Subway Line isn’t due to complete its first phase until December 2016, chances are that the rents will stay low for at least the next 4 years.

Insert Bleak "Fare" Pun Here: Second Avenue Subway Far Behind Schedule, Far Over Budget, Sadly Far Off

Looks nice, doesn't it? A clean, modern subway station, a train pulling up right on time. Eventually, at some point in human history, something somewhat like the little image you see with this post will undoubtedly occur somewhere under Second Avenue on Manhattan's Upper East Side. For all the things to recommend about Upper East Side apartment listings -- and there are plenty, starting with their relative affordability in comparison to other Manhattan rental apartments -- subway access isn't currently one of them. Sure, the 4/5/6 trains on Lexington Avenue run pretty well, but they're the only trains on the Upper East Side, and can get excruciatingly crowded (and sluggish) come rush hour. News that the long-rumored, longer-awaited Second Avenue Subway was really happening was the cause of much rejoicing both among Upper East Side renters and UES landlords, whose apartments seemed poised to become that much more appealing. Today brought the sad and sadly unsurprising news, though, that the Second Avenue Subway is both behind schedule and over-cost -- and not likely to arrive in time for its original 2016 launch.