The coming L-train shutdown, recently made official, is likely to hit Williamsburg rents hard, reducing them as much as 15 percent, said The Real Deal‘s Hiten Samtani told BRIC TV earlier this week when he appeared along with DNAinfo’s Gwynne Hogan. The sales market though, will remain largely unaffected as buyers “play the long game, he said.
The Brooklyn-Manhattan line’s closure is also likely to affect another segment of the real estate world: Airbnb and other short term rentals. “Hosts” on these services, who habitually advertise units 15 minutes from Manhattan – “That’s never true, but it’ll be even more untrue,” Samtani said – are likely to see demand slide. Mobile ride hailing services such as Uber and Lyft, though, are likely to see a big boost, he said.
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