Rents Are Falling in Williamsburg as New Yorkers Flee the L Train
- Almost half the apartments are cheaper than they were in 2016
- Subway route shutdown means more cuts to come, StreetEasy says
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For Brooklyn commuters, the looming L train shutdown is a bitter pill to swallow. Saving money on rent could make it go down easier.
Almost half of the apartments in Williamsburg -- the neighborhood that would bear the brunt of the disruption -- are now renting for lower prices than they were two years ago, with an average reduction of $250, according to StreetEasy.