Ground-Breaking: City officials joined members of Madison Hill Properties and their architect for a ground-breaking ceremony at 222 Avenue E. Pictured from left to right: Mayor Jimmy Davis, Sam Kazarnovsky (Madison Hill), Ralph Mandelbaum (Madison Hill), Tzvi Goder (Madison Hill), Dean Marchetto (architect), City Council President Sharon Ashe Nadrowski, City Council Member At-Large Juan Perez, and Second Ward Council Member Sal Gullace.
Downtown JC pricing gathers momentum
Downtown Jersey City eclipsed those of Hoboken for the first time since 1996 when MLS data launched.
While 1-4 family home prices in Hoboken and Downtown Jersey City softened from Q4 2016, Hoboken’s fall was far more drastic. The median house price of 1-4 family homes in Downtown Jersey City continued to strengthen compared to the same quarter last year, up 10% to $1.40 million. Hoboken exhibited further weakness, with the median house price of 1-4 family homes down -17% since the first quarter of 2016 to $1.31 million – below Downtown for the first time in 19 years. The highest 1-4 family sale for the quarter was a single-family townhouse on Hudson Street in Hoboken for $2.425 million, substantially below both the list price of $2.95 million and the highest sale last quarter.
Condominium sales prices in Downtown Jersey City have strengthened enormously since last quarter (+5%) and year over year (+12%). Hoboken’s condominium market has remained effectively flat over the quarter (-1%) and has only inched upwards over the year (+3%). The highest condominium sale, a condo on Washington Street in Hoboken, surpassed the highest 1-4 family sale this quarter trading for $2.499 million or around $923 per square foot.
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NJ REALTORS® Circle of Excellence Sales Award
At a dinner dance held January 28th at The Venetian in Garfield, NJ, the Liberty Board of Realtors honored the area’s top producing Real Estate professionals for the 2016 production year. These individuals are selected to receive the Circle of Excellence Sales Award based on successful completion of a minimum number of transactions that generate qualifying dollar levels of sales. EXIT On The Hudson Realty of Bayonne is pleased and proud to announce that eight members of their sales staff have received that honor (In alphabetical order) :
Chun “Wilson” Cheng, Esteban Estevez, Disheng “Dee” Huang, Anita Jakubowski, Carmella Laudando, Kathlene Meadows, Rumbidzayi “Rumbi” Padzarondora and Annette Rubin.
This is the first year that the company had this many award winners. Annette Rubin, franchise owner and Broker of Record of EXIT On The Hudson Realty said, “ I am extremely proud of my staff for both their individual and collective hard work. This is no small achievement.” Mrs. Rubin attributed the success to several factors. “Foremost is the company culture we operate with. We don’t compete against each other – our goal is to work together for the best interest of our clients, You seldom achieve success in this industry without putting the client first.” She also stressed that skill-set training and continuing education of the agents are high priorities in her office. “Staying informed of programs for financing options, what the inventory has to offer, and how best to negotiate are all key pieces of the process. These agents each have years of experience and great people skills! ”
For more information about the office, the staff, or for questions about your Real Estate needs and goals, please call EXIT On The Hudson Realty directly at 201-437-0411 or visit their new, larger office at 867 Broadway, between 40th and 41st Streets in Bayonne. EXIT On The Hudson Realty serves all of New Jersey for Residential, and Commercial Real Estate, both sales and rentals.
(Bayonne, NJ) – Bayonne Mayor Jimmy Davis today announced Kate Howard LTD as the developer of Harbor Station South in Bayonne.
Harbor Station South is the designation used for the southwest portion of the former Military Ocean Terminal (MOT) at Bayonne. “This is a major step in the right direction as we pursue full development of the MOT,” said Mayor Davis. Development of the MOT has topped the Davis administration’s agenda as one of its primary goals.
Ceremony Features Unveiling of New 67-by-80-Foot Mural Celebrating City’s Artistic Culture
JERSEY CITY, N.J. (June 25, 2015) — Mayor Steven M. Fulop and other Jersey City officials today joined representatives of BLDG, Ares Management, L.P. and Urban Development Partners to celebrate the grand opening of The One with a ribbon-cutting ceremony. The ribbon cutting marked the start of leasing at the new 36-story luxury residential tower in the heart of Jersey City’s burgeoning Powerhouse Arts District, as well as the unveiling of a 67-by-80-foot mural that reflects the city’s artistic culture and its connection with the surrounding architecture.
Developed by a joint-venture partnership of BLDG, Ares Management, L.P. and Urban Development Partners, The One offers a mix of 439 studio, one- and two-bedroom apartments.
“This building has an artistic and unique design that will both add to the city’s growing skyline and contribute to the exciting Powerhouse Arts District,” said Mayor Fulop. “We look forward to welcoming the new residents who will live here and call Jersey City home.”
Advance Realty Announces Completion of Below-Grade Parking Garage and Start of Vertical Construction at Willow14 in Hoboken, NJ
HOBOKEN, N.J. (April 13, 2015) — Advance Realty — a leading Northeast U.S. owner, developer and manager of Class A multifamily, mixed-use, retail, office and flex-space properties — today announced that it has begun the vertical construction of Willow14, its seven-story, mixed-use development project in Hoboken, New Jersey.
Located at the corner of 14th Street and Willow Avenue, the building will feature 140 luxury apartments, 20,000 square feet of retail space and a four-story, below-grade parking garage. Continue reading Advance Realty’s Willow14 Hoboken Mixed-Use Development to Feature Luxury Residential, Retail and Parking Components
Building will be New Jersey’s Tallest as Fulop Administration Continues to Develop a World Class Skyline
Most Significant Condo Project in State’s History Speaks to Strength of Jersey City Housing Market and Fulop Administration’s Success at Creating Record Construction Boom
JERSEY CITY – Already home to seven of the state’s ten tallest buildings, the City of Jersey City today announced an ambitious plan for a 95-story residential tower that at 950 feet would be “by far the tallest building in New Jersey, dramatically remaking the Jersey City skyline,” according to Mayor Steven M. Fulop. Continue reading City of Jersey City Announces Plan for 95-Story Building Tallest in New Jersey
JV will create 1,000 luxury multifamily residences and 20,000 square feet of retail space in town’s Riverbend District
Harrison, NJ, (Nov. 12, 2014) – Advance Realty and DeBartolo Development, LLC, have formed a joint venture partnership to develop six buildings on three blocks within the Riverbend District of Harrison, N.J. The large-scale mixed-use project will serve as the centerpiece in the continued revitalization of the Hudson County town.
The first block to be developed, located at the corner of Cape May Street and Frank E. Rodgers Boulevard, is slated for vertical construction to begin in early 2015. The building will feature 286 luxury multifamily residences, an onsite parking deck and extensive indoor and outdoor amenities. When completed, the project will include 1,000 apartments and 20,000 square feet of premium retail space on the three blocks.