Investing in Bergen-Lafayette (Jersey City)

[Katie Horgan]

I'm looking to purchase a multi-family in Jersey City.  Was originally looking at the heights but the prices seem a bit high, and so I have shifted my search down to Bergen-Lafayette.  Seems like this neighborhood still have a few years to go before it starts growing, but it seems like the logical next place after the heights is maxed out.  The light rail gets you in to NYC pretty quickly and it seems like others are beginning to invest here.  Is anyone else investing in this area?  Thoughts on whether or not its a good spot?  

[Jason Lee]

I'm a realtor and work in Manhattan and JC. Check out the Communipaw area of Bergen-Lafayette. Many new restaurants popping up on south/eastern end of Communipaw, a new coffee house (with the best cold brew!), etc. Light Rail is right there. Thousands of new rentals approved to the northeast and proposed development of the Liberty Science campus to the south. Amenities will follow. Reminds me a little of LIC before it exploded. I recently sold a condo at The Foundry and many of the end user buyers were from hipster nabes like Bushwick and Ridgewood Queens and looking to commute into Manhattan. Ultimately sold to an investor. I think there's a lot of upside there. PM me if you'd like to discuss further.