Oh, okay Captian. I wasn't sure where you were refering to or if it was just a snary sort of day.
The location to NYC does help the two schools very much but it also (in my opinion) inflates the numbers of applications for the same reason so as far as admissions go, I'm not sure if it's harder or easier to get into the Newark Duo then it would be at a slightly higher ranked school in a less desierable are. Another thought is that New Jersey pays lawyers very well (in general-however factor in cost of living), and you could always work in Jersey for a time and then switch into NYC when you had a better resume with real world experiance or just stay in Jersey.
Personally, I wouldn't mind starting out in the Dirty Dirty. I actually like Jersey, however NYC is NYC and all that jazz.