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Buying Multi-Fam in Bergen-Lafayette, questions
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Hi I'm new to the JC area, currently living in Weehawken/Union City. I picked Weehawken initially because of the quick commute to NYC, 20 minutes into the city without traffic and the urban, yet suburban feel. We are looking now to buy a multi-family and our realtor took us to a property on Summit Avenue and Astor Place yesterday that is beautiful. I like what I see in terms of space, it's a 3 floor duplex for the owner apartment and alot larger, nicer, and a little less expensive than what we've seen in Union City. I am wondering if we need to start exploring more JC homes than Union City/Weehawken for those reasons.

I have a few questions, 1) What is the commute time wise to the city from that area? The listing says 35 minutes but when I put it in hopstop, it says 1 hour 11 minutes to Port Authority in NYC. Also, does the commute include alot of walking?

2) How is the rental market there? Would we have difficulty renting apartments around there or do those rent out pretty fast?

3) Any other observations about that area?

Thanks!

Posted on: 2011/8/22 11:53
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