E1 Asset Management NJ

About Jersey City

Jersey City is the second-most populous city in the U.S. state of New Jersey, after Newark. It is the county seat of Hudson County, and is the county's most populous city and its largest (by area). As of the 2020 United States census, the city's population was 292,449, an increase of 44,852 (+18.1%) from the 2010 census count of 247,597, in turn an increase of 7,542 (+3.1%) from the 240,055 enumerated at the 2000 census. The Census Bureau's Population Estimates Program calculated that the city's population was 286,670 in 2022, ranking the city the 74th-most-populous in the country.Constituting part of the New York metropolitan area, Jersey City is bounded on the east by the Hudson River and Upper New York Bay and on the west by the Hackensack River and Newark Bay. A port of entry, with 30.7 miles (49.4 km) of waterfront and extensive rail infrastructure and connectivity, the city is an important transportation terminus and distribution and manufacturing center for the Port of New York and New Jersey. The Holland Tunnel and PATH mass transit services connect across the Hudson River with Manhattan. Redevelopment of the Jersey City waterfront has made the city one of the largest centers of banking and finance in the United States and has led to the district and city being nicknamed Wall Street West.By 2023, the median rental rate in Jersey City of $2,295 per month was almost two-thirds higher than the national average and ranked ninth-highest among large U.S. cities. Rents in Jersey City were ranked second among 20 communities in the New York metropolitan area, behind New York City. == History == === Lenape and New Netherland === The land comprising what is now Jersey City was inhabited by the Lenape, a collection of Native American tribes (later called Delaware Indian). In 1609, Henry Hudson, seeking an alternate route to East Asia, anchored his small vessel Halve Maen (English: Half Moon) at Sandy Hook, Harsimus Cove and Weehawken Cove, and elsewhere along what was later named the North River.