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The Cost of Buying a Home Near the Train Is Shrinking

Opening Day Of The New Second Avenue Subway

Photographer: John Taggart/Bloomberg

The premium that a condo near the train has long commanded is under threat.

Ride-sharing services such as Uber Technologies Inc. and Lyft Inc., and the advent of electric vehicles and driverless cars, are poised to chip away at the higher prices that real estate around subways and bus stops has earned, according to a report from MetLife Inc.’s asset-management business released Tuesday.