New York City investor looking at Jersey City for properties. Good idea?

[Kevin Johnston]

I am new to the forum, and new to real estate investing.  I am interested in multi-family properties, and I am thinking that areas outside of NYC might be the best place to start.

I found a property in Jersey City that seemed like it was in the price range I could handle--$400,000.  It had four units.

Has anyone had experience with investing in this area?  Do you recommend any other surrounding communities?  By "surrounding," I mean outside of New York City.

Thanks!