Plans for the Second Ave subway construction call for the demo of four, mostly rent-controlled, apartment buildings located around 72nd and 86th streets, according to NY Metro. Under federal law, the MTA is required to provide displaced tenants with equivalent housing and, as such, has begun its search for rent controlled apartments on the Upper East Side. The MTA locked down the first one last month.
"Last month the authority had some luck. It leased a one-bedroom at 1313 Second Ave., near 69th Street, part of a building that will be demolished for the new 72nd Street station. The lease is one year, and the rent is around $1,200 a month.
“It’s one apartment so far,” said MTA real estate chief Roco Krsulic. “This is a process we have just commenced.”
There are still 58 occupied apartments scheduled for demolition, Krsulic said..."
MTA rents Upper East Side apartment [Ny Metro]