search

The Real Deal Logo

Trending

Patrick Carroll booked on felony charge in LAPatrick Carroll booked on felony charge in LARent board member goes after Section 8 tenantsRent board member goes after Section 8 tenantsArson, hit-and-run, fentanyl poisoning? What we know about allegations against Sergio PinoArson, hit-and-run, fentanyl poisoning? What we know about allegations against Sergio PinoCompass scores ‘W’ as team departs SerhantCompass scores ‘W’ as team departs Serhant
Commercial
New York

MTA moves on Harlem properties for Second Ave subway

Agency initiated eminent domain proceedings to take control of nine sites

MTA chair Janno Lieber and 246 East 120th Street (Getty, Google Maps)
MTA chair Janno Lieber and 246 East 120th Street (Getty, Google Maps)

The Metropolitan Transportation Authority is finally ready to take the next step to extend the Second Avenue Subway.

The MTA on Wednesday launched eminent domain proceedings for nine sites in East Harlem, Crain’s reported. The transit authority announced its plans to grab the sites around Second Avenue and East 120th Street two years ago.

The start of proceedings is exactly that — a start. From here, the MTA needs to inform affected property and site owners about its plans within 30 days. The owners will then have four months to come up with a price for their condemned properties.

The properties include short mixed-use buildings and empty lots, some of which appear abandoned. Among the owners of the sites is the Pecora family, a local developer that owns several of the affected properties.

The MTA plans on demolishing existing buildings to make room for some heavy machinery to extend the subway from East 96th Street to East 125th Street. The staging ground at East 116th Street will ultimately become a subway entrance for the extension.

Sign Up for the undefined Newsletter

Gov. Kathy Hochul was hoping to get the ball rolling on the project’s next phase last year, but was awaiting federal funding through a grant application previously ignored by both Donald Trump and Joe Biden’s administrations.

Read more

New York Governor Kathy Hochul touring construction in the subway (Getty)
Development
New York
Hochul promises Second Avenue Subway work to advance in 2022
The MTA says it has the funding to extend the Second Avenue Subway to East Harlem, and the real estate industry is thrilled. (Credit: Getty, iStock)
Development
New York
Developers see dollar signs in Second Avenue subway extension
New York
Sizing up the Second Avenue subway bump: Q&A, Part II

Biden earmarked $497 million in last month’s budget for the project, which is expected to carry a total price tag of $7.7 billion. The MTA hopes the federal government will ultimately pay for $3.4 billion of the project, the balance of which would come from the Federal Transit Authority.

The first phase of the project reshaped the Upper East Side upon opening in 2017 after 10 years of construction. It cost more than $4.4 billion to extend the subway to East 96th Street, the most expensive subway project in the city. The expansion catered to 200,000 riders pre-pandemic.

The latest extension could support roughly 123,000 daily riders.

— Holden Walter-Warner

Tags
East HarlemEminent DomainMTASecond Avenue Subway
Recommended For You