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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.