New Investor Looking for Advice in the Jersey City Area

[Robert Rubel]

Hi All, I’m a new investor currently living and working in Manhattan. I’m looking for insight on potential towns to invest in, specifically ones that are West of the NYC in New Jersey. Any suggestions? I am looking for single or multi family properties in an up and coming neighborhood. Thanks for any feedback!

[Michael S.]

Hi @Robert Rubel

It really depends on what you are looking for. I live in Bayonne and have seen progress towards positive change since moving here (luxury apartment complexes, ferry, Costco, Military Ocean Terminal redevelopment, bike share, park improvements). If I were to buy another home in Jersey, I would likely buy in Bayonne again, but would make sure it was in a pocket convenient to the light rail. For me Bayonne was a good mix of an area I was willing to live (near NYC, walkable, good parks for kids) and invest in (relatively high rent to purchase ratio and reason for appreciation).

Happy to provide more info on the area if you have specific questions.