Introduction
123 Cityhurts Ave Newark 11516 is a notable address in Newark, New Jersey, drawing attention for various reasons. Whether you are looking for real estate insights, business opportunities, neighborhood amenities, or historical significance, this guide covers all the essential aspects.
Located in Essex County, New Jersey, Newark is one of the most vibrant cities in the United States, known for its rich history, economic importance, and cultural diversity. This article will explore everything you need to know about 123 Cityhurts Ave, including real estate trends, nearby attractions, businesses, and living conditions.
1. Overview of 123 Cityhurts Ave, Newark 11516
1.1 Location and Accessibility
123 Cityhurts Ave is situated in Newark, NJ, a city well-connected to major highways, public transport, and airports. The area is easily accessible via:
- Interstate 78 and Garden State Parkway
- Newark Penn Station (NJ Transit, Amtrak, PATH trains)
- Newark Liberty International Airport (EWR)
1.2 Demographics of Newark, NJ
Newark is home to a diverse population with a mix of cultures, languages, and ethnicities. The city’s population exceeds 300,000, making it the largest city in New Jersey.
2. Real Estate Trends at 123 Cityhurts Ave, Newark 11516
2.1 Property Types Available
The area surrounding 123 Cityhurts Ave consists of a mix of:
- Single-family homes
- Multi-family residences
- Commercial properties
- Apartments and condominiums
2.2 Current Market Value
The average home price in Newark is $450,000-$650,000, with significant appreciation in recent years. Rental prices range from $1,500 to $3,000 per month, depending on unit size and amenities.
2.3 Investment Potential
Newark’s proximity to New York City makes it an attractive spot for real estate investors. The area has seen steady growth in property values, making it an ideal location for buyers, landlords, and businesses.
3. Living Conditions at 123 Cityhurts Ave, Newark 11516
3.1 Safety and Crime Rates
Safety is a key consideration when moving to a new area. Newark has improved significantly in terms of crime prevention, with increased police patrols and community initiatives ensuring better security.
3.2 Cost of Living
Compared to New York City, Newark offers a more affordable cost of living while still providing urban amenities. The average expenses for housing, transportation, and food remain lower than NYC.
3.3 Quality of Life
Residents benefit from a mix of urban excitement and suburban convenience. With parks, cultural institutions, and shopping centers nearby, the area is perfect for families, professionals, and retirees.
4. Transportation and Connectivity
4.1 Public Transportation
Newark has one of the most efficient public transportation systems in New Jersey. Residents at 123 Cityhurts Ave can access:
- NJ Transit buses and trains
- PATH trains to NYC
- Amtrak services at Newark Penn Station
4.2 Road Access and Parking
For those who drive, the area is well-connected to major highways such as:
- Interstate 95 (New Jersey Turnpike)
- Route 21 and Route 22
Parking is available, though demand may be high during peak hours.
5. Nearby Schools and Educational Institutions
5.1 Public Schools
Newark has a mix of public and charter schools offering high-quality education. Some top-rated public schools include:
- Science Park High School
- North Star Academy
5.2 Private Schools
For those seeking private education, some well-known options are:
- St. Benedict’s Preparatory School
- Newark Academy
5.3 Colleges and Universities
Newark is home to prestigious universities, including:
- Rutgers University – Newark
- New Jersey Institute of Technology (NJIT)
6. Local Businesses and Shopping Centers
6.1 Shopping and Retail
Nearby shopping options include:
- Newark Downtown District
- The Mills at Jersey Gardens (in Elizabeth)
- Gateway Center Shops
6.2 Restaurants and Cafes
The area boasts diverse dining options, from fine dining to casual eateries. Some local favorites include:
- Forno’s of Spain (Spanish cuisine)
- Hobby’s Delicatessen (Jewish deli)
- Dinosaur Bar-B-Que (American BBQ)
6.3 Business Environment
Newark is a hub for finance, technology, and healthcare industries. Major employers include:
- Prudential Financial
- PNC Bank
- Horizon Blue Cross Blue Shield
7. Parks and Recreation
7.1 Outdoor Spaces
Residents of 123 Cityhurts Ave have access to several parks:
- Branch Brook Park (famous for cherry blossoms)
- Military Park
- Weequahic Park
7.2 Entertainment Venues
Newark is home to world-class entertainment venues, such as:
- Prudential Center (home of the NJ Devils)
- New Jersey Performing Arts Center (NJPAC)
- The Newark Museum of Art
8. Healthcare Facilities Nearby
8.1 Major Hospitals
- University Hospital
- St. Michael’s Medical Center
- Newark Beth Israel Medical Center
8.2 Urgent Care and Specialized Clinics
Urgent care centers and specialty clinics are available throughout the city.
9. Employment Opportunities in Newark
9.1 Job Market Overview
Newark is a booming job market, with industries including:
- Technology and Innovation
- Healthcare and Pharmaceuticals
- Finance and Banking
9.2 Major Employers
Top employers in the area:
- Amazon (fulfillment centers nearby)
- Panasonic North America
- Newark Public Schools
10. Cultural and Historical Significance
10.1 Historical Landmarks
- Newark Public Library
- Cathedral Basilica of the Sacred Heart
10.2 Annual Events and Festivals
- Newark Cherry Blossom Festival
- Portugal Day Festival
11. Future Development in Newark
11.1 Real Estate Developments
Several new apartment complexes and commercial buildings are under construction, further increasing property value.
11.2 Infrastructure Projects
Newark Penn Station renovations and new business districts are expected to boost the economy.
12. Pros and Cons of Living at 123 Cityhurts Ave, Newark 11516
12.1 Pros
✔ Affordable housing compared to NYC
✔ Excellent transportation network
✔ Diverse job opportunities
✔ Rich cultural and entertainment options
12.2 Cons
❌ Higher crime rates in certain areas
❌ Limited parking availability
❌ Traffic congestion during rush hours
FAQs
1. Is 123 Cityhurts Ave, Newark 11516 a good place to live?
Yes! It offers affordable housing, job opportunities, and excellent transportation options.
2. What is the average home price in the area?
Home prices range between $450,000 and $650,000, with a strong rental market.
3. How safe is the neighborhood?
Safety has improved in recent years, but crime rates vary by location.
4. What are the best schools nearby?
Top schools include Science Park High School and Rutgers University – Newark.
5. Is Newark a good place for real estate investment?
Yes! Newark’s proximity to NYC and ongoing developments make it a great investment opportunity.
Conclusion
123 Cityhurts Ave, Newark 11516 is a prime location with great real estate potential, business opportunities, and a vibrant cultural scene. Whether you are looking to buy a home, start a business, or invest, this area offers a promising future!
