There are both pros and cons of buying property in Newark, New Jersey.

Pros:

1. Affordable Housing: Newark, NJ is known for its affordable housing market compared to other major cities in the United States.

2. Improving Neighborhoods: In recent years, Newark has experienced significant redevelopment and gentrification efforts, resulting in improving neighborhoods and revitalized shopping and dining options.

3. Proximity to New York City: Newark is located just 12 miles from New York City, making it a convenient location for commuters looking to work in NYC but live in a more affordable area.

4. Diverse Culture: Newark is a city rich in cultural heritage with ethnic cuisine, museums, and cultural events.

Cons:

1. High Crime Rates: Newark has struggled with crime rates in the past, and while they have significantly decreased in recent years, the city still has a higher crime rate than the national average.

2. Poor Schools: The public schools in Newark have historically underperformed, and it may be more difficult to find quality education options for children.

3. High Taxes: New Jersey has some of the highest property taxes in the country. This may make homeownership less feasible for some.

4. Environmental Concerns: Like many industrial cities, Newark faces some environmental concerns such as pollution and industrial waste.

It's important to do your own research and consider your personal needs and circumstances before making any real estate investment.