Newark NJ, what are the good areas? Bad areas ? Ok areas?

[Mor Haffman]

Good afternoon y’all;

I’ve recently been involved in a few RE deals in Newark Nj.

I would love to buy more properties in Newark, but I need help with getting deals, and the areas, which are good? Bad? And ok?

And which area can I expand to similar to Newark?

All comments on this topic are welcomed.

Thanks

[Anthony Marin]

@Mor Haffman

Hi Mor, I live in Newark, own a real estate company and have been buying multifamily properties there for over 10 years.  Newark is really block by block, what I mean by that is you can be in one of the best areas but be on a bad block and vice versa.  With that said here are the best locations I think to invest in.  The best part of Newark is the Ironbound section (East Ward) but the prices there reflect that but you get the most rent and best tenants.  Downtown (Central Ward) is a good area to invest also but there aren't many residential properties.  North Newark is the best bang for your buck.  Properties are still reasonably priced and the tenant profile there is good.  South and the West parts of Newark are the rougher parts of town and I wouldn't recommend you invest there unless you really know the area.  Hope that helps and good luck in your investing.