{"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 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.<\/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, there are few components of the city\u2019s vast infrastructure that are more vital than the subway.<\/p>\r\n\r\n\r\n\r\n According to a study conducted by 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 when people can eliminate transportation costs (such as owning a car), the property will be intrinsically more valuable.<\/p>\r\n\r\n\r\n\r\n Recent data indicates that less than half<\/em><\/a> <\/em>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\r\n <\/p>\r\n