New Jersey real estate serves as a very large part of the Housing sector of the NYC Metropolitan Area. Due to its proximity to NYC, historically New Jersey Real Estate has grown in value at greater rate than the national average. And this trend is expected to continue well into the future.
Additional information:
– The State of NJ is home to 20 Fortune 500 companies and is ranked #1 in drugs and pharmaceuticals jobs.
– Further, NJ is #2 in direct foreign investments.
– Studies have shown that people want to invest in NJ properties with easy NYC commutes that meet NJ’s strong housing demand.
– NJ apartment buildings also offer legal tax shelters and historically strong investment returns to individuals who invest.
– Historically lower-risk investments. By spreading rental income amongst many apartment units, a few vacancies don’t hinder the strategy when compared to the impact vacancies have on smaller properties such as single family and two family homes.