Jersey City, NJ, September 2013:Â 77 Hudson, K. HovnanianÂ’sÂ® soaring 49-story residential tower on the Hudson River in Jersey City, has just achieved a new milestone. The sparkling blue-glass luxury high-rise building recently sold one of its few remaining unsold homes, a two-bedroom penthouse on the 48thÂ floor, for a record-setting price of $2.8 million.
While the transaction marks the highest sale price ever paid for a residential condominium in Jersey City, according to Scott Waldman, 77 HudsonÂ’s broker of record, Â“It does not represent the top of the line at 77 Hudson. This record sale is not the highest-priced home in the building. However, it certainly showcases the stark comparison between our 2,100 square-foot penthouse and similar apartment homes just across the Hudson. A comparable 2,100 square-foot condominium on the west side of Manhattan would cost between $5-7 million, if you could find it. This is a testament not only to the quality and the desirability of the homes at 77 Hudson and our close-to-everything location, but also to the rebounding strength of the housing market in New Jersey. This spectacular building is nearly 100% sold â€“ and our final penthouses are the crown jewel of 77 Hudson, with views that are just breathtaking.Â” Continue reading RVO REAL ESTATE VIEWS: $2.8 Million Penthouse Purchase Sets Jersey City Record