Northern Jersey (Jersey City, Journal Square, West New York, etc)

[Sahil Rohra]

Hi,

I based out of NYC looking for a buy and hold investment property.  Initially I was targeting Chicago, and Columbus but wanted to entertain Northern Jersey as its closer to me.  I am looking for a 1-2 bed for ~$200K.  I understand this is a low price point and can increase budget a bit, if needed.  In addition to the increase in prices (which seem to be across all markets), I've noticed a lot of people are moving to northern jersey, and there seems to be a lot of new luxury developments west of Hoboken, in Jersey City. 

Would appreciate if anyone has any insight into the different neighborhoods in northern jersey, any areas to still avoid despite development, and/or any areas that may be overlooked, etc.  

Thanks in advance.