New York City subway train.

L train shutdown may be driving renter flight out of Williamsburg

August 09, 2018 - 10:47 am
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NEW YORK (1010 WINS) -- The prospect of a long spell with no L train service across the East River has riders worried about how they're going to get between Brooklyn and Manhattan.

The transportation department has been working on that. The shutdown is to begin in eight months.

But there's another issue.

The New York Post reports that residents of Williamsburg have been looking elsewhere.

It says apartment inventory is up 25 percent, and rents are coming down.

One broker told the paper that some buildings are offering as much as three months of free rent for those who sign an 18 month or two years lease.