Ferry service affecting rents

Name: Ferry service affecting rents
Uploaded: 2017-12-19T22:12:00+00:00
Duration: 2 min 10 s
Description: This past summer, New York City expanded ferry service along the East River and it is having a noticeable impact on certain rents. Some neighborhoods like DUMBO in Brooklyn and Long Island City in Queens haven't seen rents increase much at all. But in Greenpoint and Astoria, access to Manhattan by boat is both drawing renters and driving up prices.

This past summer, New York City expanded ferry service along the East River and it is having a noticeable impact on certain rents. Some neighborhoods like DUMBO in Brooklyn and Long Island City in Queens haven't seen rents increase much at all. But in Greenpoint and Astoria, access to Manhattan by boat is both drawing renters and driving up prices.

Posted December 19, 2017 5:31pm EST