NJ developers advertise low prices, quick commutes

March 19, 2009 08:31AM

New developments in Newark, South Orange, Trenton and Union City are trying to draw New York residents to New Jersey by advertising cheap prices and easy commutes to Manhattan. “The Trenton market is probably the most affordable urban market that you can commute to New York from,” said Michael Goldstein, principal at HHG Development, which converted an oyster cracker factory to condos. There are only four units left in the Cracker Factory in Trenton, which are priced between $209,000 and $261,000. At Eleven80 in Newark, marketers are advertising its 15-minute commute to the city. At the rental building, 80 percent of its residents commute to Manhattan, and of its 316 units, 275 are rented. And sales are beginning later this year at the Avenue in South Orange,
which is located across the street from a train station and is about a
35-minute commute to Penn Station.

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