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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)

Developers see dollar signs in Second Avenue subway extension

East Harlem has lagged behind the development boom that has hit West and Central Harlem, but the Second Avenue...

From left: 1800 and 1815 Park Avenue, MTA's Second Avenue Subway plan, and 160 East 125th Street between 3rd and Lexington (Credit: Google Maps)

Second Ave subway’s next phase could impact Durst, Extell dev sites

Phase II of the Metropolitan Transportation Authority’s Second Avenue Subway plan appears to have been taken off the back...

Peter Fine pays nearly $30M for East Harlem site along the Second Avenue subway’s next phase

Peter Fine pays nearly $30M for East Harlem site along the Second Avenue subway’s next phase

Peter Fine staked out a site along the path of the Second Avenue subway’s next phase. Fine — who earlier this year launched a new...

Rents are falling in Manhattan. But they keep climbing in this neighborhood

Rents are falling in Manhattan. But they keep climbing in this neighborhood

Apartments near the Second Avenue subway are in demand, and landlords are pricing them accordingly. The median rent in...

Izaki Group plans condos at UES development site

Izaki Group plans condos at UES development site

Izaki Group Investments is planning to build a 20-story condo tower at the Upper East Side development site it...

Premier, Thor plan 31-story UES condo on Third Avenue

Premier, Thor plan 31-story UES condo on Third Avenue

Call it the Second Avenue subway effect. After paying $26 million for the final piece of an Upper East...

UNITED STATES - APRIL 12:  A map of the New York City subway with the addition of the 2nd Avenue subway line, blue line at right, hangs on display during the ground breaking ceremony for the 2nd Avenue subway in New York, Thursday, April 12, 2007. New York's Metropolitan Transportation Authority broke ground on the $17 billion Second Avenue Subway this morning -- for the third time since it was first proposed in the early 20th century.  (Photo by Daniel Acker/Bloomberg via Getty Images)

Sizing up the Second Avenue subway bump: Q&A, Part III

From the January issue: Barring any unforeseen catastrophe, the Upper East Side should have a new subway line in...

UNITED STATES - APRIL 12:  A map of the New York City subway with the addition of the 2nd Avenue subway line, blue line at right, hangs on display during the ground breaking ceremony for the 2nd Avenue subway in New York, Thursday, April 12, 2007. New York's Metropolitan Transportation Authority broke ground on the $17 billion Second Avenue Subway this morning -- for the third time since it was first proposed in the early 20th century.  (Photo by Daniel Acker/Bloomberg via Getty Images)

Sizing up the Second Avenue subway bump: Q&A, Part II

From the January issue: Barring any unforeseen catastrophe, the Upper East Side should have a new subway line in...

UNITED STATES - APRIL 12:  A map of the New York City subway with the addition of the 2nd Avenue subway line, blue line at right, hangs on display during the ground breaking ceremony for the 2nd Avenue subway in New York, Thursday, April 12, 2007. New York's Metropolitan Transportation Authority broke ground on the $17 billion Second Avenue Subway this morning -- for the third time since it was first proposed in the early 20th century.  (Photo by Daniel Acker/Bloomberg via Getty Images)

Sizing up the Second Avenue subway bump: Q&A, Part I

From the January issue: Barring any unforeseen catastrophe, the Upper East Side should have a new subway line in...

The Second Avenue Subway

The Second Avenue Subway is officially open

It was expensive. It was delayed. But now, it is here. Last night, the Second Avenue Subway held a New Year’s Eve opening party with lights, retro tunes and revelers.

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