West Bergen is a good investment. Proximity to light rail as well as the TON of new developments coming to the Westside and to 440, including Bayside makes the area a good bet, IMO.

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3/2 rents should go for $3k for a new build with washer/dryer.

Just based on spotcrime, it appears relatively dangerous. There have been few shootings near that block in the morning and at night, as well quite a few near the light rail stop, just within the last few months. It should be less of an issue if you drive more. If it's an investment, the crime may taper down as the westside becomes more gentrified, but it's not changing that quickly. I don't live down there though.

I personally wouldn’t jump on a place around that specific area unless you are able to rent it at 1700 or less and still pay it off in 15yrs. If paying market price, Get closer to Montgomery, and don’t cross Communipaw from Bergen. Also, that is not close to Lincoln Park. If you want a property with park access, stay close to westside since it a bus line, and before Communipaw. Another thing, Oxford is no where close to the Redevelopment of the “westside”. If you want to be on that trend, then get close to Malory/westside around Culver/Claremont.

Wow who’s paying 3k for West Bergen area?

A new build Bayonne Box further out got $3400 but also had parking, which pushes the rental price higher. Average is just over $2700 for a 3/2. For a new build, $3k is pretty standard.

Yeah, if you’re paying that much on rent on Bergen after Communipaw. You’re definitely left hold the bag

Can you clarify: are you thinking about buying a 2-family and living there (and renting out the other unit)? Or purchasing an investment property you won't live in?

It’s a lot less $$$ than other areas, so a lot of people, especially those who want nice and new, don’t have a lot of options.

One of my friends rents on Oxford near Lincoln Park and she’s even scared to walk her kids down the street. Really not a great area. In the 4 months that they’ve lived there they’ve had mobs congregate outside her building, trash fires, and theft just within her block. Personally, I’d pass.

Hi, I am thinking to buy investment property and rent both floors.

Booooooooooooooooooooooooooooooo.

Edit: and since you live here - why don’t you do the research yourself? Take a walk to the part of town, check the listings - it’s not like they are private.

Same type of people who turned Bushwick into "East Williamsburg" in Brooklyn.

People who are thinking of investing in property and go "oh strangers on the internet will help me with this multiple hundreds of thousands investment" legitimately baffle me.

And the thing is it has to work sometimes otherwise people would stop doing it. Drives me nuts.

Areas not bad, room for improvement though. It seems to be changing. Park is nice

I have already been there, my family has been in Jersey city for almost 40 years. I wanted to hear other opinions and I am sure reddit is the platform for that. Why are you so grumpy?

Yeah we could all tell you don’t live down there

Sorry to see you get so many downvotes on your reply to my question. I know you're a regular in this sub & hope you can get some useful intel.

I don't have any specific advice about rents / math to make that kind of investment work, or not.

I've lived a few blocks north of Communipaw near West Side for many years. My little pocket of the neighborhood has always felt very safe. I'm not on the streets south of Communipaw every day, but my take is it's more block-by-block: some good spots with folks looking out for each other; some spots with drug deals & shady stuff going on.

My guess is that over the next 10+ years there will be more investment in properties within walking distance of the West Side light rail station. The place you're looking to buy isn't super close to Bayfront - but businesses all along Westside should get a boost from that development.

In general it’s pretty tough to make a good rate of return on strictly investment properties in Jersey city. Especially in this interest rate environment

Talking about mom and pop investors, not the luxury builders, no idea about their economics

Most people would rather have the homes in their neighborhood occupied by the owner instead of a revolving door of renters. When you buy a property with no plans to actually live there you’re just sucking up the housing supply simply to profit while making it more difficult for buyers who want to own a home to live in. Blatant greed can make people a little grumpy.

Also not for nothing but your post history shows you saying you moved here from India for work and you live in a downtown apartment rent free? Seems like you’re trying to imply you were born and raised here by referencing your family being here for 40 years which is pretty disingenuous.

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not a bad area but oxford ave is fucking scary

Well my husbands family is my family now. Any issues with that?

lol