As of Sep 2019 Jersey City high-rise 2BR rent is at least 3700/M. Chris Ma felt single family 2-kids living in this part of JC is tough.

As of Jun 2018, 2BR is worth mostly likely $1M or higher.

• +$3700 rent income … below 4% gross rental yield only, but partly due to the 1.67% low tax
• -$1400 tax if you buy now. (Chris Ma bought a 2BR in 389 Washington S in 2008 so his tax is $1100 only.)
• -$900 HOA
• —–
• = $1400 net income ~ 1.4% rental yield excluding mortgage maintenance and vacancy

Note this location is for the top-rated PS16 school district, so price is higher.

In June 2018, a 756 sqf 1BR is asking $700k. The original price was $500k in 2008..

In contrast, 43 Rockledge hotel model monthly rent is 4 times Chris’s case. You can’t divide a $1M unit into 20 rooms and rent out for $750 each