Yes
The team will move to the Prudential Center in Newark starting in the 2010-11 season, and is planning to relocate to the borough of Brooklyn in New York City once a new arena there is completed, but legal issues have complicated this move.
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35 years... not anymore though... their moving to Brooklyn!
The Izod Center in East Rutherford, New Jersey.
The New Jersey Nets
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Not in Major League baseball. But the borough does have the Brooklyn Nets (NBA), who play at the Barclays Center. Also, in 2015 the New York Islanders (NHL) will play there as well.