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NYC developers prefer gas stations as investments
With prices for apartments in Manhattan at an all-time high, developers prefer gas stations as investments, due to their location on busy corners and the relative ease in tearing them down.
People refuel at a BP gas station, one of the few remaining gas stations left in lower Manhattan, which is scheduled to close next year on July 15, 2014 in New York City. In 2004 Manhattan had over 60 gas stations, there are only 39 now and the number continues to fall. With prices for apartments in Manhattan at an all time high, developers prefer gas stations as investments, due to their location on busy corners and the relative ease in tearing them down. (Getty Images)
A recently closed gas station on 2nd ave. in lower Manhattan stands behind a fence on July 15, 2014 in New York City. In 2004 Manhattan had over 60 gas stations, there are only 39 now and the number continues to fall. With prices for apartments in Manhattan at an all time high, developers prefer gas stations as investments, due to their location on busy corners and the relative ease in tearing them down. (Getty Images)
A taxi driver fills up at a BP gas station which is scheduled to close next year, one of the few remaining gas stations left in lower Manhattan on July 15, 2014 in New York City. In 2004 Manhattan had over 60 gas stations, there are only 39 now and the number continues to fall. With prices for apartments in Manhattan at an all time high, developers prefer gas stations as investments, due to their location on busy corners and the relative ease in tearing them down. (Getty Images)
People refuel at a BP gas station, one of the few remaining gas stations left in lower Manhattan, which is scheduled to close next year on July 15, 2014 in New York City. In 2004 Manhattan had over 60 gas stations, there are only 39 now and the number continues to fall. With prices for apartments in Manhattan at an all time high, developers prefer gas stations as investments, due to their location on busy corners and the relative ease in tearing them down. (Getty Images)
People walk past a BP gas station, one of the few remaining gas stations left in lower Manhattan, which is scheduled to close next year on July 15, 2014 in New York City. In 2004 Manhattan had over 60 gas stations, there are only 39 now and the number continues to fall. With prices for apartments in Manhattan at an all time high, developers prefer gas stations as investments, due to their location on busy corners and the relative ease in tearing them down. (Getty Images)
A man walk past a recently closed gas station on 2nd ave. in lower Manhattan on July 15, 2014 in New York City. In 2004 Manhattan had over 60 gas stations, there are only 39 now and the number continues to fall. With prices for apartments in Manhattan at an all time high, developers prefer gas stations as investments, due to their location on busy corners and the relative ease in tearing them down. (Getty Images)
