Although most of the subway tracks in New York City are below ground, there are some that are elevated or above ground like this one in the photo (Queensborough Plaza). The above ground subway tracks can make a lot of noise and affect the property values around them.
The most desirable apartments in the city are usually those that are between 2 to 4 blocks away from the subway stations. In addition, the availability of support businesses like grocery stores, restaurants, cafes, dry cleaners, book stores and cinemas can significantly affect the value of the properties.
I live about two and a half blocks from the nearest subway station and my commute to work takes about 50 minutes. How long is your commute to work?