Any suggestion for starter investor in Jersey City/Hoboken?

[Die FU]

Hi there - Planning to start my first investment property. JC/Hoboken, 1B or 2B condo is my primary choice being closer to where I live so easy property management. However, the cap rate is relatively low. 

Wondering anyone here have invested in these areas can share how you did? 

Should I still look into this market or move on to other states with higher cap rate? 

Thanks!!