The impending shutdown of a New York City subway line is clobbering rents in parts of Brooklyn

Sarah Jacobs/Business Insider

• Rents in North Brooklyn are falling more than a year before the L train is set to shutdown between Manhattan and Brooklyn, according to Streeteasy.
• That creates a bargain for people who are willing to make the trade-off for a longer commute.
• Sales prices aren’t falling. But it’s taking longer for houses to move off the market. 

The impending L train shutdown is a bargain or a curse, depending on how much of a hellish commute New Yorkers are willing to endure. 

Starting next April, the tunnel through which the L train runs between Manhattan and Brooklyn will be closed for 15 months to repair damage caused by Superstorm Sandy in 2012. 

See the rest of the story at Business Insider

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