City of Orange, NJ - Is It Good for Multifamily Investing?

[Mark Dresdner]

Hello Fellow BPers!

I am wondering if the City of Orange, NJ is a good town for multifamily investing. On one hand, there are signs of the town improving and cap rates are decent. However, on the other hand, the crime rate is high and there are many empty buildings. 

Do you have a view on the town's multifamily investment potential -- considering the current situation and potential changes in the future?

Thanks!
Mark