Jersey City, New Jersey, New York State, is the second most populous city in New Jersey with almost 250,000 residents and c 630,000 in the entire metro area. Just across the Hudson River from Manhattan, it has direct rail, road and water transport links to New York. The popularity of the area is due to its close proximity to Manhattan. Jersey City is now cited as “the state’s hottest market.” [Thomas DeGise].
The New Jersey Property Investment
We specialise in refurbished multi-apartment houses in Jersey City, all within a 30 minute commute to downtown Manhattan. Prices start from $160,000 for a two-apartment and they offer yields of 10% to 13% net.
About our Jersey partner
Our New Jersey partners have over 30 years’ professional, hands on experience in construction and refurbishment in New Jersey, New York City and Florida. In the last 15 years, they have completed over 50 major projects including residential, commercial, custom build and modular construction. Our partners specialise in purchasing foreclosed, bank-owned and distressed properties, completely refurbishing them and renting them on to a high-demand rental market.
Our partners offer a complete service and are experts in all aspects of construction, refurbishment and the real estate market, including: engineering and environmental issues, zoning regulations, financial analysis, project management and property management. The head of our Jersey partner company has been a respected speaker and author on the subject of buying, renovating and selling houses for the past ten years in the New York and Florida areas.
What the experts say
“Residential markets are particularly hot in the area, especially among upscale professionals who want to live near their New York jobs and those looking for convenience and proximity to world-class cultural centres (without the Manhattan price tag). In fact, it is predicted 85,000 new properties will be required to keep up with booming demand within the next 25 years.”New Jersey Business Magazine.
“The popularity of the area is due to its close proximity to Manhattan and Jersey City is now cited as the state’s hottest market.” Thomas DeGise, chief executive officer of County Government.