I recently looked at the new condo in Union City, The Lenox...what are your thoughts of safety there...?

Asked by paul, 300 Central Avenue, Union City Tue Dec 11, 2007

and do you think now is a good time to buy in the hopes that 10 years down the line I will make a profit if I sell. Also, will getting into Manhattan be easy

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Dennis’ answer
Dennis, , New York, NY
Thu Jan 31, 2008
I looked at the Lenox this weekend and was pleasantly surprised. They have a new lobby with doorman and full security system which made me feel good. This was the only full service buildining that I was able to find in the area which is a plus for me. I think the area is only getting better. I know people that turned their noses up about Hoboken 10-15 years ago that are kicking themselves why they didn't buy when they could. Now everyones priced out of the area.. Deja Vu
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Lori Turoff, Agent, Hoboken, NJ
Tue Dec 11, 2007
Hi Janine,
Union City is just that, a city, so as a woman you should always be alert when alone, especially at night. That would be the case in any urban area. For more specifics on the crime rate, you might contact the local police department and they can give you some specifics. You should spend some walking around, too, to get a feel for the neighborhood, both during the day and at night.

Recently Union City has become a very popular alternative to pricier nearby neighborhoods like Hoboken. There is good transportation into the city by bus or you can take the bus to the PATH station in Hoboken. As it becomes more and more gentrified, along with the demographics of the area changing, the investment potential also improved. Just look around and you can see all the new, high-end residential construction taking place today. So, in my opinion, in the long term (i.e., 5+ years) it is a great investment, especially if you plan to live there while your asset - your home - increases in value. I specialize in Hudson County so feel free to contact me if you have any questions.
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