▁rail road ▁station ▁linking ▁the ▁area ▁to ▁New ark ▁was ▁opened . ▁The ▁Jersey ▁City ▁Fer ry , ▁as ▁the ▁original ▁fer ry ▁became ▁known , ▁and ▁later ▁the ▁Des b ross es ▁Street ▁Fer ry ▁and ▁a ▁fer ry ▁to ▁West ▁ 3 4 th ▁Street ▁in ▁Manh attan ▁would ▁open ▁and ▁serve ▁the ▁Pennsylvania ▁Rail road ' s ▁Exchange ▁Place ▁Station . ▁During ▁the ▁mid - 2 0 th ▁century ▁the ▁Pennsylvania ▁Rail road ' s ▁operations ▁shift ed ▁to ▁New ark ▁and ▁New ▁York ▁P enn ▁stations ▁and ▁fer ry ▁services ▁to ▁Manh attan ▁were ▁dis cont in ued . ▁ ▁Today ▁ ▁During ▁the ▁ 2 1 st ▁century ▁the ▁arrival ▁of ▁the ▁Hudson – Ber gen ▁Light ▁Rail , ▁a ▁construction ▁bo om ▁following ▁the ▁attacks ▁of ▁September ▁ 1 1 th , ▁invest ments ▁in ▁Liber ty ▁State ▁Park ▁and ▁the ▁expansion ▁of ▁the ▁area ' s ▁fer ry ▁connections ▁to ▁lower ▁Manh attan ▁all ▁helped ▁to ▁prop el ▁a ▁process ▁of ▁gent r ification . ▁ ▁Today , ▁real ▁estate ▁prices ▁in ▁Paul us ▁Hook ▁are ▁generally ▁higher ▁than ▁in ▁surrounding ▁neighborhood s , ▁which ▁include ▁Liber ty ▁Har bor , ▁the ▁Fin an cial ▁District , ▁W AL DO , ▁and ▁Hamilton ▁Park . ▁ ▁Morris ▁Street ▁and ▁Washington ▁Street ▁have ▁become ▁the ▁" r estaur ant ▁rows " ▁of ▁the ▁neighborhood , ▁which ▁is ▁mainly ▁resident ial . ▁ ▁On ▁October ▁ 2 9 , ▁ 2 0 1 2 , ▁Paul us ▁Hook