{"id":14716,"date":"2021-09-08T10:50:13","date_gmt":"2021-09-08T14:50:13","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?p=14716"},"modified":"2021-09-08T10:51:34","modified_gmt":"2021-09-08T14:51:34","slug":"ten-busiest-subway-stations-in-nyc","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/ten-busiest-subway-stations-in-nyc\/","title":{"rendered":"A Look Inside the Ten Busiest Subway Stations in New York City"},"content":{"rendered":"\r\n

The value of a property is determined by a lot of things. As any real estate agent<\/a> will tell you, the most <\/em>important variable is \u201clocation, location, location.\u201d Location strongly influences property values because while some aspects of the property \u2014 such as its physical structure or features \u2014 can be changed, location is something that is permanent. When many renters prioritize the same locations, it creates some of the busiest subway stations across the city.\u00a0<\/p>\r\n\r\n\r\n\r\n

But what does it mean for a property to have a \u201cgood\u201d location? Is it in a high-demand neighborhood or city? Is it close to shops, parks, good schools, and other desirable amenities? Does the property itself offer its inhabitants breathtaking views?<\/p>\r\n\r\n\r\n\r\n

As you\u2019d probably expect, having each of these desirable features can cause a property to increase in value. But one component of location that is often overlooked is access to infrastructure. <\/em>And in New York City<\/a>, there are few components of the city\u2019s vast infrastructure that are more vital than the subway.<\/p>\r\n

Living Near the Subway<\/h2>\r\n\r\n\r\n\r\n

According to Urban Studies<\/a>, the leading international journal for urban scholarship, \u201cempirical results indicate that the direct savings in commuting costs have been capitalized into housing values.\u201d Even without looking into this study, this makes sense. When people can easily get to other parts of the city and eliminate transportation costs, the property becomes more valuable.<\/p>\r\n\r\n\r\n\r\n

Recent data indicates that less than half<\/em><\/a> of New York City households own cars. In fact, less than 1.4 million households have a car, out of a total population of 3.1 million households. The car-free lifestyle is especially common in Manhattan<\/a> and South Bronx, where car ownership in some neighborhoods is as low as twenty percent. Unsurprisingly, these are also the neighborhoods where the use of the subway and other types of public transportation are highest.<\/p>\r\n\r\n\r\n\r\n

When you compare a map of New York City property values to a map of the subway system, the correlation between access to transportation and property is clear. Keeping this in mind, many real estate investors will look for properties near the busiest subway stations. Below, we will take a look at the ten busiest subway stations in New York, using data gathered by the Metro Transit Authority (MTA<\/a>).<\/p>\r\n\r\n

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\"NYC<\/figure>\r\n<\/div>\r\n

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Times Square and 42nd<\/sup> Street<\/h2>\r\n

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Times Square has been dubbed \u201cthe heart of civilization\u201d and, though the highly visited neighborhood is often avoided by some locals, there is no denying that the neighborhood plays a critical role in New York City\u2019s cultural scene. In 2020, this station experienced a ridership volume of 20,341,240, which was far more than any other station. In addition to the stop\u2019s centralized location, its popularity is also driven by the fact it features many different lines, including the N, Q, R, W, S, 1, 2, 3, 7, and A, C, E trains. By boarding the subway here, you can reach almost any part of New York City with ease.<\/p>\r\n

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Grand Central and 42nd<\/sup> Street<\/h2>\r\n

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Grand Central Station isn\u2019t just a beautiful work of architecture\u2014it also plays a very significant role in the city\u2019s transportation infrastructure. Located near the Chrysler Building and just South of Midtown<\/a>, the station plays a vital role in connecting Manhattan to the other boroughs. Brooklyn<\/a>, Queens<\/a>, and the Bronx<\/a> can all be directly reached via this station, making it particularly common among daily commuters. The station allows access to the S, 4, 5, 6, and 7 lines. In 2020, its ridership was 13,162,826. Grand Central also provides relatively easy access to LaGuardia airport<\/a>.<\/p>\r\n

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