Peterstown is a suburb of Elizabeth that boomed in the 1920s. It’s a popular place for a reason: a walkable grid is dotted with small locally owned eateries, while the Elizabeth River snakes along the west end and Interstate 95 hugs the east end. “You can find a property here for $450,000,” says Rosmena DeSa, a realtor with RE/MAX New Millennium. “The area is attracting more buyers than the inventory can keep up with.”
Peterstown does feature some turn-of-the-century homes that are sold as single-owner properties, priced between $300,000 and $500,000. For example, a renovated four-bedroom home will go for nearly $450,000 – one of those appealing properties to newcomers that DeSa speaks of. But mostly this neighborhood is made up of multi-family dwellings. Pricing is largely dependent on number of bedrooms. A five-bedroom property with colonial stylings will sell for $650,000. But a brick seven-bedroom property will sell at $800,000. This is an urban neighborhood, so while some properties may have a small yard, it’s more common for them to be fronted by a sidewalk. Peterstown scores a 5 out of 10 on the CAP crime index.
The neighborhood’s walkability helps residents get to markets specializing in Latin products, including Global Supermarket, La Copa Supermarket and Citi Grocer, the largest of the three. “Many markets use flags on the shelves to identify food from a particular country,” says Cintia D’Urso, broker-owner of Vox Realty, who’s lived in Peterstown and has been selling real estate in the area since 2006. “If you’re from Argentina, you can find the maté quickly,” she says. Restaurants are scattered throughout, but 2nd Avenue and 3rd Avenue are reliable strips when searching for food. John’s Caffé Pizza & Caterers, for example, has been a standby in Peterstown since 1968. Minhoto Restaurant is a white tablecloth experience with traditional Portuguese and Brazilian dishes. Del Porto offers outdoor seating and decorative palm trees close to the harbor facing Newark Bay. “The pasta at this Italian restaurant is amazing,” D’Urso says.
Late July brings the three-day Peterstown Cultural Festival – one of the biggest events of the year. It celebrates the neighborhood’s roots with crowd pleasers like brick oven pizza, but the street fair also includes music, rides, games and summer snacks like watermelon. More events are hosted by the town of Elizabeth, like Portugal Day and parades for Cuban, Peruvian and Puerto Rican cultures.
Sonia Sotomayor School #25 is a K-8 school that receives a C-minus rating from Niche. Elizabeth High receives an A-minus rating and features a robotics club that supports students in their exploration of computer programming and electronics.
For hiking and biking along the water, residents take to the Elizabeth River Parkway, which tracks the western side of Peterstown. But the standout green space is Mattano Park, which contains facilities for ballplayers and skaters alike. There’s also a playground. Peterstown Community Center offers a community garden, dances and other events like cooking demos.
Walkability is a key amenity in Peterstown. In less than 15 minutes, residents can easily walk from the west end parks over to the shops and restaurants along Elizabeth Avenue, which is also trafficked by buses. New Jersey Transit commuter trains are available at the Elizabeth train station, about a mile northwest of the neighborhood. This takes residents to New York City within 40 minutes, while the trip to Newark is 15 minutes. “You can even take the train to the beach in Belmar,” D’Urso says. Interstate 95 curves along the south side of the neighborhood, and Interstate 278 is another mile south. There are also plans to bring mixed use developments to the Elizabeth harbor, D’Urso says, which will boost transportation amenities. “The idea is to bring city life into Elizabeth for people who may not be able to afford New York City. The town also announced that a 25-minute ferry to Manhattan is in the works. When that happens, the housing demand may triple.”
Vera Luna Victoria
Society Real Estate
(908) 402-7091
31 Total Sales
1 in Peters
$440,000 Price
SYDNEY WHITE
IDENTITY PROPERTIES
(866) 823-4679
14 Total Sales
1 in Peters
$475,000 Price
Michele Klug
KELLER WILLIAMS TOWNE SQUARE
(908) 883-3374
667 Total Sales
1 in Peters
$775,000 Price
Nereyda Martinez
RE/MAX LIFETIME REALTORS
(848) 281-0621
50 Total Sales
1 in Peters
$450,000 Price
Raul Cabrera
CAPC Brokerage, LLC
(551) 205-8420
92 Total Sales
1 in Peters
$450,000 Price
Jazmine Clausen-Soir
BHGRE ELITE
(848) 283-6635
58 Total Sales
4 in Peters
$310K - $540K Price Range
| 1 - Low Crime, 10 - High Crime | Peters | US |
|---|---|---|
| Homicide | 5 | 4 |
| Sexual Assault | 7 | 4 |
| Assault with Weapon | 6 | 4 |
| Robbery | 6 | 4 |
| Burglary | 4 | 4 |
| Motor Vehicle Theft | 4 | 4 |
| Larceny | 5 | 4 |
| Crime Score | 5 | 4 |
Source: WhatIsMyCrimeRisk.com
On average, homes in Peters, Elizabeth sell after 15 days on the market compared to the national average of 57 days. The median sale price for homes in Peters, Elizabeth over the last 12 months is $725,000, up 61% from the median home sale price over the previous 12 months.
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Median List Price
$639,000
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Median Sale Price
$725,000
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Median Single Family Sale Price
$600,000
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Median 2 Bedroom Sale Price
$600,000
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|
Median Change From 1st List Price
0%
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Last 12 months Home Sales
4
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Median Home Sale Price YoY Change
61%
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Average Price Per Sq Ft
$436
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Number of Homes
148
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Number of Homes for Sale
3
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Median Year Built
1928
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Months of Supply
9.00
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Average Single Family Home Size Sq Ft
1,663
Below the national average
1,932
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Median Lot Size Sq Ft
4,791
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$1,185,000
Exceptional huge two-family home in Elizabeth's desirable Peterstown section! Situated on a corner double lot, this property features spacious open-concept layouts with hardwood floors, quartz countertops, stainless steel appliances, custom cabinetry, and electric fireplaces. The first-floor unit offers 5 bedrooms and 3 full baths, including a luxurious primary suite, while the second-floor unit
JESSENIA VELEZ TNT REALTY NJ
$650,000
PRICE REDUCED Excellent income-producing opportunity. Spacious side by side multi family offering a total of 6 Bedrooms and 3 full baths, plus a finished basement, with a separate entrance and attic space for storage. Nicely located near schools, with easy access to bus transportation to New York City and shopping conveniently within walking distance.
$1,130,000
Excellent mixed-use investment opportunity in the heart of Elizabeth. This property features a first-floor commercial storefront plus two residential apartments on the second floor: one 2-bedroom unit and one 3-bedroom unit. The commercial space offers street-level visibility, making it ideal for a variety of professional or retail uses, subject to municipal approvals. The residential units
$599,000
Welcome to this charming one-family home situated on a quiet, tree-lined street in a highly desirable neighborhood. Offering 3 bedrooms, 2 full baths, a comfortable living room, and an oversized dining room, this home is designed for both everyday living and effortless entertaining. The eat-in kitchen features ceramic tile and a stylish backsplash, while the fully finished basement adds
Juan Guzman BREWSTER REALTY
$519,000
Great Investment Opportunity in Elizabeth!! Large Two-Family property with full basement. All utilities are split. Both Units are large 2BR/1BA apartments. Located by all major highways. Can accommodated a quick closing. One unit is vacant, great opportunity to live in one unit and rent out other; or place another tenant for strong cash flow.
Michael Sclafani RE/MAX CENTRAL
$849,900
Exceptional 2-Family Home Offering Space, Comfort, and Convenience! Each unit features a spacious layout with 3 bedrooms, including a primary suite with a walk-in closet, 2 full bathrooms, a bright kitchen, dining room, pantry, and mudroom. The second-floor unit mirrors the same desirable floor plan, making this property ideal for owner-occupants or investors.The finished ground floor provides
Kerlly Bochicchio SIGNATURE REALTY NJ
$949,000
Great investment or Owner-occupied opportunity in the heart of Elizabeth! This newly constructed two-family home offers two separate units, each with spacious layouts and abundant natural light. The property features a solid structure, separate utilities, and ample living space, making it ideal for investors or home owners looking to offset their mortgage with rental income. Conveniently located
Laura Sciove GREEN LIGHT REALTY
$785,000
This property is perfect for both investors and homeowners looking to generate additional income. It features a mixed-use layout in a busy retail area. The first floor includes a restaurant that provides a substantial income. The second floor consists of a spacious two-bedroom apartment, which is rented by the restaurant. While the third floor has a comfortable one-bedroom unit. Recent upgrades
MENACHEM SILBERMAN KELLER WILLIAMS MID-TOWN DIRECT
$399,000
Prime Elizabeth Location! This charming 3-bedroom, 2-bathroom home is perfectly situated for those who value convenience above all else. You are just minutes away from major transportation, making your daily commute a breeze. Enjoy easy access to local shopping centers and a diverse array of popular restaurants right at your doorstep. Whether you?re looking for a move-in-ready residence or a
LIM BANCES LIM BANCES REALTY
$1,800 per month
Second Floor fresh paint with Nice size Bedroom. Easy access to bus transportation to New York and shopping conveniently within walking distance.
$1,400 per month
1-bedroom apartment located in the Midtown section of Elizabeth. This unit features1 full bathroom, living room, and an eat-in kitchen. Conveniently located near Elizabeth High School, shopping centers, public transportation, and provides easy access to Routes 1 & 9. Ideal for commuters and those seeking convenience to everyday amenities.
JEFFREY BROOKMAN BROOKMAN REALTY
$2,500 per month
Welcome home to this impeccably maintained and recently renovated 3-bedroom, 1-full bath apartment in the bustling neighborhood of Elizabeth. The unit features luxury flooring and a gorgeous bathroom with high-end, brand-new fixtures. Three very good-sized bedrooms, or two bedrooms plus a dining room depending on how you wish to lay it out. Large kitchen with plenty of counter space and cabinets.
DOMINICK GARTH ROSE COLDWELL BANKER REALTY
$2,800 per month
Location, Location, Location, move right into this oversized 2nd floor newly renovated sunny 3 bedroom 2 bath apartment, with new dishwasher, granite countertops in a huge kitchen with tile backsplash, a master bedroom suite, all redone hardwood floors, attached garage, cathedral ceilings, balcony, about 100 yards from Mattano park, completely redone, all hardwood floors, updated baths and
Emerson Amador ALLIGATOR PROPERTY MANAGEMENT LLC
$2,800 per month
Apartment for rent 2 floors, 2nd and attic. Total of 4 bedrooms, living room, kitchen, bathroom. Vinyl plank floors and ceramic floors. Central heat, window ac. Require from tenant, proof of income, application, credit report, background check.
ANTONIO COSTA EXIT REALTY LUCKY ASSOCIATES
$1,900 per month
Discover the perfect blend of comfort and convenience in this delightful 2-bedroom apartment at 509 2nd Ave! Located on the second floor, this cozy retreat features:- 2 spacious bedrooms perfect for rest and relaxation- 1 bathroom with modern essentials- Living room ideal for unwinding after a long day- Eat-in kitchen for effortless meal prep and dining- Street Parking
BALWANT CHUGH ELITE INTRIAGO REALTY LLC
$2,100 per month
A two-bedroom, one-bathroom apartment is available now. It features an open-concept, eat-in kitchen and a living room area, and is ready to be rented. FEEL FREE TO SET YOUR APPOINTMENT UP NOW AS YOUR APARTMENT IS AWAITING.
ANTHONY J RIVERA REALTY OF AMERICA
$2,050 per month
BEAUTIFUL ELIZABETH 2BR/1BTH: Spacious and well-maintained 2-bedroom, 1-bath apartment located in the heart of the desirable Peterstown neighborhood of Elizabeth, one of the most vibrant and walkable communities in the city. This bright, comfortable and well-maintained unit offers comfort, convenience and a neighborhood rich in character. Steps to local dining, grocery and buses. Easy access to J
Gregory Letson COLDWELL BANKER REALTY
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Number of Homes for Rent
6
|
Median Rent
$2,100
|
|
Median Single Family Home Rent
$2,100
|
Median Condo Rent
$1,663
|
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Median 2 Bedroom Condo Rent
$2,200
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|
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Total Population
8,670
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Median Age
36
|
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Population Density
30 ppl/acre
|
Population under 18
27.9%
On par with the national average
23.8%
|
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Population over 65
12%
Below the national average
19.1%
|
|
|
Median Household Income
$58,114
Significantly below the national average
$79,597
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Average Household Income
$68,852
|
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High School Graduates
76.8%
Below the national average
89%
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College Graduates
5.4%
Significantly below the national average
34.1%
|
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Advanced Degrees
1.6%
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% Population in Labor Force
64.7%
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Annual Precipitation
46''
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Average Winter Low Temperature
26°F
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Average Summer High Temperature
86°F
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Annual Snowfall
16''
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Bikeability
Walkability
Transit
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
A growing commuter suburb that looks onto Newark Bay
Multi-family homes and a diverse dining scene in a suburban setting
The historic ambiance of New Jersey’s first capital, just outside of NYC
NYC access with suburban charm and room to stretch out
A quiet NJ neighborhood with house-lined streets just blocks from Elizabeth
A university and riverside park give character to a suburb 20 miles south of NYC