I've seen a lot of homes being listed / sold around West New York NJ (zip code : 07093). Seems to be a decent neighbourhood and the best part is the commute to NYC. Worth investing / buying a house in this area ?
You can reach midtown in less than 30 mins via the bus and light rail to Jersey city takes around 20 mins.
Attorney · NJ · Member since 2016 · 1k+ posts · 794 votes
7y
Definitely. Union City and West New York are similar markets. I like them both. Similar to Jersey City Heights area. Not quite as popular for younger people, but lots of families and pricing is better. North Bergen is also not a bad place to invest in the same kind of environment as WNY and UC.
Attorney · NJ · Member since 2016 · 1k+ posts · 794 votes
7y
Definitely. Union City and West New York are similar markets. I like them both. Similar to Jersey City Heights area. Not quite as popular for younger people, but lots of families and pricing is better. North Bergen is also not a bad place to invest in the same kind of environment as WNY and UC.
Thanks Jessica for the detailed response. I will definitely look into these areas. I'm primarily targetting 59th and 58th Street / Jefferson Street West New York. There are 2-5 buildings (New Construction (2012) ). The only thing that is getting me worried is that most of these condo buildings might have rental restrictions.
Realtor · Paramus, NJ · Member since 2019 · 71 posts · 35 votes
7y
We are currently working with an investor on a project in Weehawkin. The flip should be finished within the next 6-8 months so will keep you posted on the actual numbers.