If you’re looking to buy an apartment and you’re priced out of New York City, nearby Jersey City is worth a look. It’s long been a destination for New Yorkers and the development boom over the last few years means you may have better luck landing a place of your own.
New Yorkers are drawn to the area’s affordability, says Diana Sutherlin, a broker at Compass in Jersey City. You can get much more space for your money compared to Manhattan, she says. The median listing price for property in Jersey City is $599,000 according to realtor.com—which is half the median listing price for a condo in Manhattan in the third quarter, according to the Elliman Report.
New Yorkers also like the fact that the area—where you’ll find streets lined with low-slung townhouses as well as new developments—doesn’t have a big-city feel, but it’s definitely not the suburbs either. There’s an urban feel but it’s still breathable, she says.
Jersey City also has several distinct neighborhoods, Sutherlin says. For example, Hamilton Park is often compared to Park Slope and attracts young families and artists. Exchange Place and Paulus Hook are popular among Wall Street executives who work in Downtown Manhattan.
The commute to NYC is quick via the ferry and New Jersey Transit, but you don’t have to leave to have city amenities. There’s a thriving dining scene with popular spots like Corto, Hamilton Pork, and 15 Fox Place. You’ll also find many locally-owned stores because of a restriction on chain stores downtown—but a Whole Foods is opening soon.
So if you’re thinking about leaving NYC, check out these five places for sale in Jersey City in The Heights, Waterfront, Hamilton Park, Paulus Hook and Historic Downtown.
10 Regent St., #309, Historic Downtown
This one bedroom, one bath is listed for $525,000. It has high ceilings, hardwood floors, Viking stainless steel appliances, granite countertops, central air, a custom closet, and in-unit washer and dryer. Amenities include a doorman, pool, gym, playroom, and garage parking.
580 Palisade Ave., #203, The Heights
This two bedroom, two bath is listed for $635,000. The condo has hardwood floors, oversized windows, recessed lighting, stainless steel appliances, central air, and an in-unit washer and dryer. The building has a package room, garage parking, and bike storage.
205 10th St., #4A, Waterfront
This two bedroom, two bath is listed for $849,000. The duplex features hardwood floors, modern light fixtures, ceiling fans, high ceilings, oversized windows, wood-paneled ceilings, stainless steel appliances, and granite countertops. Amenities include a doorman, gym, laundry room, and parking.
44 West Hamilton Pl., Hamilton Park
This four bedroom, three bath is listed for $1,595,000. The townhouse features moldings, high ceilings, antique light fixtures, two mantels, parquet floors, stainless steel appliances, built-ins, an office, deck, and patio.
77 Hudson St., #4604, Paulus Hook
This three bedroom, three bath is listed for $3,199,000. The penthouse has floor-to-ceiling windows with waterfront views of Manhattan, hardwood floors, Carrara marble countertops, stainless steel appliances, Lutron window treatments, a smart-home system, built-ins, walk-in closets, and central air. Amenities include a pool, gym, sauna, and parking.
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