Peterstown is a suburb of Elizabeth that boomed in the 1920s as an Italian American neighborhood, but in recent decades there’s been an influx of Cubans, Portuguese, Brazilians, Puerto Ricans and other Latin Americans. 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. Houses of worship also speaks to the area’s cultural threads, whether that’s Iglesia Bautista Hispano Baptist Church or Saint Anthony of Padua Roman Catholic Church. “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.”
Multi-family homes that can reach $800,000
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.
An example of a new multifamily house in Peterstown, NJ.
This two car garage two story house style is common in Peterstown, NJ.
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Eateries along 2nd Avenue
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.
John’s Caffé Pizza & Caterers has been serving slices since 1968.
DiCosmo's Italian Ice has been serving cool treats from its modest store front since 1915.
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The Peterstown Cultural Festival celebrates with food and music
Late July brings the three-day Peterstown Cultural Festival – one of the biggest events of the year. It celebrates the neighborhood’s Italian American 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.
Elizabeth High receives an A-minus rating
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.
No. 28 Duarte-Marti School is a cornerstone of education in the Elizabeth community.
Elizabeth HS is a highly rated magnet school located in the Crane Square section of Elizabeth.
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Athletic fun at Mattano Park
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.
Mattano Park in Peterstown provides lots of options for the community to play.
Mattano Park in Peterstown is always ready to offer a spectacular vista.
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Residents of Peterstown, NJ can be in New York City in 40 minutes via NJ Transit.
Walkability is a key amenity in Peterstown
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.”
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On average, homes in Peters, Elizabeth sell after 32 days on the market compared to the national average of 52 days. The median sale price for homes in Peters, Elizabeth over the last 12 months is $450,000, up 1% from the median home sale price over the previous 12 months.
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Welcome to Peterstown in Elizabeth! This home is zoned two family so it can easily be converted for those looking for an amazing investment opportunity. At the moment it consists of 3/4 bedrooms, 1 Kitchen, family room, 2 full baths with washer on 1st floor, and a private fenced in backyard. The convenient location is walking distance to schools, great restaurants, places of Worship, and
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