Would you recommend buying a studio in West New York (NJ)?

[Bob Roach]

Wondering if purchasing a studio for around $200k and then renting it out in West New York would be a good idea.  The goal is to purchasing something with around $200k in NJ and then renting out. 

West New York seems to have several apartments in this price range. My guess would be that it would be fairly easy to rent out in this area due to proximity to NYC. Feel free to suggest other areas that might fulfill the same goal.

Hoboken would  be even better but the prices there appear to be above my budget.