All Forum Posts by: Arthur Goldstein

@Amit Patel thank you for the heads up! Will reach out to find out more 

@John Errico Thank you! Just PM'd you. 

I've been more interested in Union City and the Journal Square area of Jersey City, precisely because I share your feelings. 

I probably should have put this in my first post, but I am looking for multifamily (3+ units) or mixed-use with value-add plays. 

@Jill DeWit Thank you for the warm welcome! 

@Nick M. Thank you for all the information. My understanding is even if you renovate, you still are limited to how much you can increase due to New Jersey's unconscionable rent increase laws. 

I hear what you are saying about the short inventory in Weehawken. I'm just concerned if taxes go up dramatically and you can't increase your rents in step, then value will go down. Then again if demand is there, maybe that all doesn't matter. Would love to speak further when your available.

Hi All,

Been a member for some time, but looking to invest in the Hudson County area (specifically Jersey City, Weehawken, and Union City). I'm currently at the point of getting to know the markets and building a team. If anyone is familiar with the area and has time to talk that would be great. Looking for referrals!

If anyone has some insight into the following questions please let me know...

Did some research into Weehawken and I'm still trying to understand how their rent-regulation laws work. Seems like you can't do much with rents unless it is owner-occupied. Perhaps, someone knows if there is a way to bring them to market rents without owner occupancy (ie. renovations)? Also, rumor has it that property taxes are due for a hike sometime in the next 2 years, any confirmation?

I know Jersey City has the PATH train into Manhattan and a lot of development has been going on there because of that, are there still areas of opportunity?

Don't know much about Union City yet, I heard there is a lightrail to the PATH train, but not sure if that make's it convenient to get to the city or if it even matters?

Looking forward to meeting you all! 

I will be coming. Looking forward!