Posts Tagged: gas stations
6

New Manhattan Doesn't Need Gas Stations

There are 39 gas stations left in Manhattan, down from 60 in 2004. Just 12 of these stations are below 96th Street. This is not because people aren't driving, or because cars are becoming more efficient, or because the public transportation system has expanded. It is a small problem created by a much larger problem, which is itself a symptom of enormous problems: Thanks to skyrocketing real estate prices, Manhattan gas stations are worth much more than the money the owner can make selling gas. Last year, a Getty near the High Line sold for $23.5 million. A few months later, another station in the borough went for $25 [...]