There's a spot like that near me. https://goo.gl/maps/jSVLtA5qQix is Thomas Edison's lab, now a museum and historic landmark. Right up the street on the next block is a huge fenced-off abandoned building complex. https://goo.gl/maps/gskvqGi89kz. The immediate neighborhood isn't bad, but within a few miles are the towns of East Orange and Irvington which have a lot of poverty and crime, and they are next to some of the rougher parts of Newark which are even worse.

EDIT: I noticed a "STYLECRAFT CLOTHING" sign on that abandoned building, and found this: https://books.google.com/books?id=jNwDAAAAMBAJ&lpg=PA302&ots...

It's an ad from a 1952 issue of Popular Mechanics for "Furniture Repair Kit". Neat.