New York Second Avenue subway project first phase finally broke through and overcame various difficulities. The subway officially opened in 2017 New Year. The metro line crosses the entire Upper East Side, the most expensive area in Manhattan. In the past, near East River Side, the price is relatively approachable because no subway passing through. Now due to the openning of the Second Ave subway line, the Upper East Side real estate price is soaring, up to 11% within a year, making it the hottest real estate market.

Centered as the Second Avenue metro line, entire Upper East are is divided into three parts. In recent years, housing prices around the Second Avenue subway line have been steadily increasing, the fastest growth rate in the three regions, in which the price of independent property apartment has been rising by as much as 29.8% over the past five years.

New buildings in the recent five years

Among 8 new built projects in the past five years, 7 are independent property apartments, the rest is a building for rental. In 2015, 325 units were built as independent property apartments, compared with 124 units in 2014. All new built unit type are suitable for investment, from which we can tell all these units have great investment potential in additon to their residential value.

New built units of independent property apartments: