Tino Fiumara and DeCavs

[Philly d]

North Arlington is across the river from Belleville. And next to Kearny. That whole area is mostly Hispanic now and has been for yrs. Especially Kearny. Which is funny that they are operating out of North Arlington. Must be a biz that they have a piece of or something. Because Italians moved out of there a long time ago. Most of the Italians left in Belleville live in Northern Belleville close to the border with Nutley which is still a nice town with lots of Italians that haven't made the move to Morris County yet. Sammartino Sr was running a crew out of North Arlington.

Thise 2 areas are very diverse and yes more Spanish in Kearny and Harrison but balanced & great place to live today with real estate exploding. NA and Bellville still have a lot of Italians. ( especially older ) , NA has loads of Italian restaurants, wise guys come around. You would know the restaurant those guys met out of , off Schuyler Ave and to my knowledge they don’t have a piece as it’s been there awhile but he wouldn’t be the first guy to gamble away his joint.

Nutley is still real white , surprising. Bellville is actually starting to get hit as it’s affordable. NA is booming ( like Kearny / Harrison ) getting JC overflow and was recently voted #1 affordable place to live in NJ. Kearny just got 5 new Amazon distribution centers

Huge gambling operations out of these areas & out in the open , almost everyone does a lil book like they do a lil weed or both as their side hustle. Lots of independents too but their is so much volume I think everyone is eating ( or was ) & use their platform anyway. I know some guys got into fireworks to eat w gambling down. I have heard you can make good margins

It scares me to think what could happen to all those great Italian spots in NA , Nutley & Bellville .

My cousin married a Brazlian guy bought a nice old Victorian in Kearny. The Italians left in Belleville are all in Northern Belleville for the most part(by where Mike Pernas house is). The south end of Belleville is not that great and very few if any Italians left there. Same with Forest Hills section of Northern Newark. You still have the Italian businesses. Calandra's Dicky Dees etc. But for the most part ...Italians have moved out. What you see on Lake St along Branch Brook park is allot of Professional Minorities who have still kept that area nice which is nice to see. Nutley is a solid town..always has been. And your right...there has been a mass exodus from Jersey City. Builders are literally knocking on doors in Northern Jersey City and making offers on peoples homes to sell so they can turn the multi-families into condos etc. And yeah...everyone likes to Gamble. The Latino's gamble hard on Soccer.

Yeah 1/2 my friends are Brazilian , I’m a white minority for sure amongst my friends lol

City of NWK has a huge program pushing NwK kids thru Rutgers Newark which has basically doubled the student population in NWK and are buying skyscrapers downtown to convert to student housing. A lot of younger Newark professionals are branching out ( especiallly college educated women, hot too lol) Harrison has a lot in the new luxury Apts, that south side of bellville real estate is getting hot , same with Bloomfield. Nutley has always been a home run but now the surrounding areas are catching up, especially West Hudson, but Kearny I think you will make big $ in 10 years ( think Harrison 10 years ago ) as it’s a lower buying point and really starting to pop.

I missed JC , I just didn’t see it coming ( shame on me as it’s home) but I wasn’t going to make that mistake and started buying in Kearny / Harrison 6 years ago when you still got deals. I basically bought the next path train stop after JC expecting the growth to keep building out.

I’m not smart enough to time real estate deals ( or stocks ) and rather use a gauge where, would I be pissed 10 years from now if I Didn’t but that property ? If that’s a strong Yes then I just buy and figure out the #s as I go along lol

I agree. There are still some good deals in Kearney. People have kept these really old large Victorians in perfect condition. My cousin bought that home 4-5yrs ago for just under $300k. 5 bd 3 bath detached 1/5car garage. And her street for the most part is kept very nice. Everyone takes care of their home and property. Which is KEY. Watching what happened to Northern Newark is a good thing. You got young educated professional minorities moving in. For the most part keeping the properties nice. Its key for it growing like you said is happening and will spread into Southern Belleville. Allot better then what has happened to other communities just south of Newark. Like Hillside(once a great town) and Irvington( my parents generation is was nice !) ..even parts of Union aren't that great really..well not like it was in the early 80s and 70s. I lived in Hillside as a kid in the 70s...and its just gone so far down hill. It was like half black but all good hard working people who moved out of South Newark to give their kids a better life etc. And when I lived there but it was working clase..everyone kept their properties nice. No foreclosures. Now there are so many foreclosures in Hillside that a home that sells for $289k has property taxes of $13k yr...cause there are not enough homeowners paying property taxes due to foreclosures. Also there is a large police force there to pay for due to increased crime and crime that spills in from Irvington , Newark and Elizbeth.

Well said

I’ve been looking to buy NWK but it’s just too expensive now with a higher risk profile then Hudson country cities like Harrison / Kearny. NWk you need over $500k to buy a multi family with above avg risk . If I’m going to invest NWK I’m now looking to possibly get a nice 3 BR society hill condo for under $300K and rent it. I’ve learned to go small as being over extended with 1 property will fuck your whole shit up.

I have 3 condos and they are so easy to manage and learn the trade and I recommend any investor to start that way. Then when you have some knowledge and equity you go multi family which has bigger earning potential then condos. I went with a 3 family in Harrison 4 blocks from PATH as I buy where it’s easy to commute to professional jobs in JC / NYC.

I still say Kearny is the best value today as it’s Hudson county so you will always have population growth, under $400K and you can get a nice 2 family, Amazon just made it their top distribution center ( this just happened last month and the market hasn’t priced it in yet ), a Starbucks just opened lol and new luxury Apts going up regularily. Plus a new billion dollar new office complexes w the we work / micro model called Kearny Point and NJ has a special program to pay first 6 mo rent to bring fastest tech companies out of NYC to Kearny, smart move by the state.

Right now I’m looking at Miami / Ft Laiderdsle condos under $200K to rent but eventually move their 1/2 year for tax purposes . Not having to commute to Manhattan every day is a life changer for me.

Good idea ...I need to look for a Condo to buy. Why no more City commute?

[TommyNoto]

Covid and I’m not sure when my company will let us back

It’s looking like Dec at the earliest and possibly as long as spring 2021.

Manhattan is so empty during the day now , surreal. The destruction of small business in the area makes me so sad , I’m an optimist but I feel so bad for like 25% of the population, I can’t imagine having a great restaurant / bar or job which several of my friends had and then losing 60% of your income . The loansharkimg business must be insane , a reputable high end Italian restaurant across street from old Franklin steakhouse in Nutley just closed for good . More are coming

[Philly d]

Gotcha. I moved from the City to Florida a year ago and havent been back. Hard to imagine the city being dead.

[NJShore4Life]

I haven’t set foot in Manhattan since March 16th. Longest stretch of my life not being in the city.

[Rocco]

Covid and I’m not sure when my company will let us back

It’s looking like Dec at the earliest and possibly as long as spring 2021.

Manhattan is so empty during the day now , surreal. The destruction of small business in the area makes me so sad , I’m an optimist but I feel so bad for like 25% of the population, I can’t imagine having a great restaurant / bar or job which several of my friends had and then losing 60% of your income . The loansharkimg business must be insane , a reputable high end Italian restaurant across street from old Franklin steakhouse in Nutley just closed for good . More are coming

I agree. Especially places with a liquor license which is very expensive. All the $$ is in the booze vs the food. This dine outside might help people pay bills..but they are not taking an income from it. I think NJ will loose about 60-70% of all its restaurants. They say that the Gov Murphy is gonna shut the whole state down again after his daughters wedding..which would make sense..I think most blue states plan on doing a shutdown prior to the election or during to push vote by mail. Which the feds just arrested a bunch of democrats for mail voter fraud for the primaries. #dirtydems