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"NYU grad students already nearly all live in Brooklyn. Manhattan is too expensive. I personally know about 100 NYU grad students (because I am one). Only 3 live outside of Brooklyn -- and they live in NJ. So, I'm not sure you'll get a near-term boost in rental property rates. You will get a long-term boost having a thriving business (NYU and the consortium schools) located there. You'll need better restaurants, shops, transport. The school will probably keep the sidewalks cleaner, which has a spillover effect of making it more desirable, etc."?anon [NYU Makes Deal for a DoBro Institute at MTA's 370 Jay Street]