Blog, Gold Coast
Journal Square, Jersey City.. The new hotspot for NYers
June 16, 2009 by admin · Leave a Comment
As stated recently in the Daily News, Journal Square is becoming the hotspot to relocating New York outerborough residences. Due to high cost of living in for instance, Brooklyn, homeowners are moving west into the Garden State and finding great deals in Jersey City real estate. Best part about it is that for the most part, you don’t compromise location. Seriously, what does Brooklyn have that Journal Square doesn’t. I could give you many reasons why I would choose Journal Square over Brooklyn.
VIEW ALL ACTIVE LISTINGS IN JOURNAL SQUARE
Not only is the cost of living cheaper, but building architecture is more modern and a redevelopment plan for Jersey City has people interested in taking part in its equitable future.
Developers and real estate agents have high hopes for Journal Square and even admit to selling nearly half of their Journal Square properties recently to people relocating for Brooklyn. Marketers…hint, hint..
In the 90’s and the early 2000’s, we saw a massive redevelopment of the Jersey City waterfront. Our next waive of development, targeted for Journal Square will bring only more residence attention and amenities that NY’ers have been missing.
As a price comparison, in Brooklyn, you can buy a 3 bedroom unit of a duplex for $415,000. In Journal Square you can get a 3 bedroom unit in an emenity building for just under $300,000.
The price comparison is a no-brainer and is one of the reasons NYU Golf coach Todd Kolean relocated. The coach was looking for a Jersey City rental and found just what he was looking for, paying $1,495 a month for a 900 square foot two bedroom with a backyard.
Said Kolean, “I couldn’t afford Brooklyn anymore. Journal Square is an up-and-coming place.”
Give us a call today if you are looking for Jersey City relocation
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