As a follow-up to their report on rent prices along the L line, Brick Underground has a handy guide to rent prices along the JMZ. Not surprisingly, rents closer to Manhattan are overall more pricey. Also, rents have risen a staggering 43.9 percent at the increasingly trendy Myrtly-Wyckoff stop:
As with the L train data, we asked Streeteasy to crunch the numbers, pulling the median rental price within a five-block radius of each stop based on active listings for May 2015. “Some of the highest rents along the JMZ lines are exactly where you would expect them to be: the westernmost points near Williamsburg,” Streeteasy data scientist Alan Lightfeldt tells us. “The Lorimer Street, Hewes Street, and Marcy Avenue stops have the most expensive rentals on the whole. However, rents in areas to the east are growing fast.” …
[Myrtly-Wyckoff] is where the L and the M finally join forces, and as we wrote in our L train rent roundup, it’s become a destination in its own right, as it’s right on the Bushwick/Ridgewood border. In addition to basics like drug stores, grocery stores, and a Planet Fitness, there are plenty of cafes, bars, and restaurants to choose from (though our favorite is still the no-frills Taqueria Acatalan—formerly Taqueria El Paisa—home to some of the best tacos in the entire city). A few developers are trying to stake their claim here early (hence, the above “cloud city” condo listing), so rental options in the area are likely to include a few newer, more expensive and amenity-packed listings.
Read the full rundown over at Brick Underground.