Gebroe-Hammer Associates Reports Jersey City’s Enduring Gentrification is Sustaining Multi-Family Investing

Jersey City, which often draws a close comparison to New York City’s most populous borough, is experiencing yet another wave of multi-family investment demand associated with its Hudson waterfront location and proximity to Manhattan, according to the brokerage professionals at Gebroe-Hammer Associates. Development is moving inland, tenants are migrating from New York City in search of a similar yet less expensive lifestyle and property appreciation is up approximately 7 percent in the past 12 months