Jersey City: Rent or Sell in Downtown JC and Reinvest in JSQ

[Ami Doshi]

Hi,

We currently have a 2 bedroom condo in downtown JC by Grove St. We are planning to move out of the areas. We are trying to decide should we rent our current place or sell in downtown by Grove St, and reinvest in another upcoming areas such as JSQ.  

I wonder, Is Downtown already at top of its market, or is there room for further appreciation?

[Ken Dayal]

Hi Ami, as an agent and investor who works in Jersey City, I would say there is still room for appreciation.  Jersey City is getting many new developments plus there is a lot of interest from investors and home-buyers. 

But depending on your strategy, you could sell now to free up cash for more lucrative investments. Or hold for cash flow and appreciation. 

If you need help in selling or renting your unit, feel free to PM me. I am with Keller Williams and my team can help you.