New Jersey City is part of the New York Greater Metropolitan Area. Residents have a great view of lower Manhattan, as it is located between the Hudson River and Upper New York Bay and the Hackensack River and Newark Bay. The city is a hip hangout full of artists and immigrants. It is also crucial distribution center with sea and rail connections for the Port of New York and New Jersey.
To live here, you have to love crowds! It is a densely populated residential area with 247,597 people living in just 14 square miles of land. It is sometimes called New York City’s Sixth Borough.
Downtown Jersey City is also known for having one of the highest concentrations of male couples in New York. Chelsea is the first with a median price of $1166 per square foot, followed by Clinton at $1166, and the village at $1210. Living in Jersey City looks very attractive when you compare the house price per square foot there at $452.00.
Jersey City recovered from an urban decline in the early eights thanks to the development of the Exchange Place financial district that is now known as “Wall Street West” and that is home to Goldman Sachs, Chase Bank, Citibank and Merrill Lynch. Jersey City is defined by the boundaries of the postal code 07302.
Jersey City is a sophisticated, urban place that is accepting of LGBT lifestyles and also people from all walks of life according to our Jersey City gay realtor. The Atlantic Magazine called it the 10th most artistic city in the United States in 2011. It is one of the most racially diverse populations in the world and residents enjoy the ethnic food and interesting festivals put on by the Pakistanis, Guyanese, Nigerians, Chinese, Polish, Italians, Irish and Haitian people that live there.
Jersey City has a thriving LGBT community and many of the hangouts are located in the area bounded by Route 178 and Washington Avenue. These hangouts include Pint, the Star Bar and the 9th & Coles Tavern. Almost all of New York is very LGBTQ friendly but it is still a good idea to consult with a gay Jersey City realtor to find the situation that is best for you.
In terms of real estate, there is opportunity to be had just simply because Jersey City is surely and steadily recovering from Hurricane Sandy that in 2012 caused losses of up to $30 billion for the entire New Jersey. The good news is that this has facilitated a lot of residential renovations and rehabilitation of the homes and streets that were damaged by the hurricane, there were houses that needed a complete rebuild from the ground up and there were others that were luckily only in the need of multi unit roofs so the tenants could move back into their home. This summer from June to August 2013 a home in Jersey City had an average listing price of $1,136,856 and an average sales price of $880,040.00.
For more information about Jersey City and all of its attraction go to www.destinationjerseycity.com.