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Re: Buying "Hold" Properties in JC Ghetto

Astor Pl will keep rising.

Simple reasons.

1) Great Housess/Potential

2) I sold a house around the corner and lost a lot of $$. It is a sure sign that the neighborhood will take offas soon as I get out.

3) Monticello Ave. This street is an enigma in the NYC metro area. Where else is there a street with so many empty store fronts.

Posted on: 2015/7/24 18:20

Re: Whitlock Cordage Interrupted?

Any updates on this project. I am astounded it can sit vacant for so long.

Posted on: 2015/7/24 14:54

Re: Bergen Lafayette?

I am waiting for things to happen here. I have owned 2 properties for over 10 years. I had a 2 family on Belmont between Monticello & Summit that I sold after 10 years. I just could not ever get good tenants in there. Rent was reasonable too.

I have a 3 family on Pine off of Communipaw. I gut-renovated the house in 2003 and since then a bunch of new house have been built. Tenancy has been better but the area seems stagnant to me, even with all of the development going on. I was under the impression that the Foundry would have retail but was wrong.

The zoning is out-of-whack. The spot next to NuBar should have been mixed use but instead yet another 2 family goes up on a commercial artery.

I am in the area a lot and always feel safe. People are friendly. Area needs more services, restaurants and bars, IMHO.

So much empty space so close and accessible to DTJC, NYC, Hoboken and Newark.

It will be interesting to see what the future holds.

Posted on: 2015/7/24 14:48




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